Paypal to fund broker

Actually Paypal is very secure and I don’t see any risk involve to Paypal but I don’t like their behaviour (Like a boss) in Forex market. Skrill is better to fund and withdraw money from Forex. (at least with my broker)

Before funding via PayPal just read out all the terms & condition of PayPal make sure that you comply with PayPal anti-laundering policy. But PayPal is a very secure payment processor and its very good choice to investing.

This thread is a good illustration of the reasons why one should never turn to an anonymous Internet forum for financial advice.

you can say that again Simon. Paypal has over 6 thousand better business bureau complaints, 2 thousand this past year one of which was mine. Anyone dumb enough to use them will get what they deserve I suppose.

You people should use a REAL BANK to fund your accounts. I used Wells Fargo but there are plenty of other real banks that follow real banking laws. Get yourselves a real bank account and Get a clue!

I use PayPal for online purchases. I use them so that my Credit card number is only with PayPal instead of with multiple vendors. (Sitting in their data bases, waiting to be hacked). I only had to give out my info once. I also use them to avoid outrageous exchange fees charged by Canadian banks. I bought something for about $1000 once and returned it since it was defective. The bank charged me almost 10% exchange to buy it and another 10% to return it. Lost almost $200 on a $1000 purchase. So far they are fine. I haven’t used them for any large amounts.
I wouldn’t use a broker that wont send money to my bank account. I only use the large reputable brokers. I learned my lesson the hard way. My money was stolen by Sparen FX and Eureka FX.

this is just a personal opinion, paypal is ok, if you wana go and shop online, but to use them for funding and withdrawing in forex can be some what of a problem, paypal tend to freeze accounts given enough complaints against any broker or company in general and that would lead to a series of domino effect that might lead to a brokers downfall! thats how a see it anyway :slight_smile:

I agree with you.
PayPal anti-laundering policy is too much secure for Forex traders. Last month they froze my $ 1,400 and so far I am corresponding with their support to unlock my money…
My opinion is that OKPAY and Skrill are much better to fund and withdraw money from Forex.

Tradersway just recently stopped accepting paypal. They added neteller but there is a limit u can send .

I feel forex brokers have a tough time using paypal. Perhaps, Paypal policy is too complicated and difficult to keep up with. Profiforex stopped accepting it sometime ago, but it is now available. I suggest we just stay away from paypal and use its alternatives. Maybe only then they’ll realize that we can do without them.

Paypal is not supported in most of forex brokers but a few brokers have Paypal as a payment options, anyone trading with a paypal-supported broker? how your payment there?