Looking for a broker

Broker Discussion Forex Brokers
1

Hello, I need a broker with micro lots that accept PayPal.

Thanks in advance for advices. :41:

2

hmm, that’s a tough one.

fxopen offer micro, but not sure about paypal.

3

Was just about to post the same question.

Got this from a page on 100forexbrokers

Here are the current brokers that use micro accounts and take paypal (I also filtered ones that took a deposit over $100)

eToro ($50)
ForexWebTrader($25)
FX Clearing ($1)
FXM Financial Group ($100 deposit)
Loyal Forex ($50 deposit)
OANDO($1 deposit + any size lot 0.0001)
Pipfixed ($1)
Profiforex ($1)
Trading Point ($1)
Vantage FX ($100)
1pipfix ($100)

Just looking at some reviews now on each one and then I’ll decide which broker to go for. Loyal Forex and 1pipfix have very good reviews.

4

Oliver, thanks!

5

thanx, it should be interesting for begginers!

6

Thanks for the info!

7

Before you decide to pick one also check the deposit policies. Some companies only take Paypal in certain currencies, which I’ve just found out with OANDA who only take USD accounts after signing up with them :frowning:

9

This is not true. I have an Oanda account and I trade with Singapore dollars in my Primary account and USD in my Secondary account. Oanda trades with any currency you wish. And you can open up up to 19 subsidary accounts in Oanda using different currencies in each account. It could be possible, if you have a US account, local laws make it manadtory for you to use USD.

10

From their site:

PayPal

  • This option is only available for OANDA USD accounts (primary accounts and sub-accounts).
11

Sounds like the payment gateway (PayPal) wants to deal in USD. Why not speak to Oanda support?

12

Ok I have and they responded saying that they only except PayPal in USD. However they went on to say that if you pay via paypal with another currency, paypal will convert the currency into USD.

13

hopefully fxopen will be offering paypal in the future as well.

14

About Micro acc: try AccentForex.com - however, they dont accept PayPal, but i use MoneyBookers or LibertyReserve there.

15

I thought fxopen already offer paypal, no?

16

I used Oanda, then deposited with GreenDot Visa,

O, 50/1 leverage, and my spread is freakin 70

17

No, there is no paypal among the FXopen’s deposit options.

18

I’m trading on Micro in accentforex, too. I deposit and withdraw funds on the live account accentforex via moneybookers least 1 hour.
it very fast.IMHO

19

Try using etoro. The minimum deposit is only $50 and they accept paypal. Their OpenBook works great for newbies.

You’re never a loser until you quit trying.

20

He’s looking for a broker, not an online casino, hehe.