PayPal Binary Options Brokers

PayPal is a popular electronic wallet that can be used to deposit and withdraw at some binary options accounts. We’ve listed the best binary options brokers that accept PayPal. We verified that each platform below allows PayPal either by finding it in respective cashier portals or speaking to support staff.

We ranked brokers by their overall ratings, blending the hands-on tests of our experienced binary traders, some of whom have PayPal accounts, with 200+ data points collected by our industry experts.

About PayPal

Founded in the late 1990s, PayPal initially comprised of two separate entities. Later these two companies merged together in year 2000 into a single entity and was acquired by eBay in 2002 for $1.5 billion.

Today, PayPal is one of the leading online payment service providers with 434 million users in more than 200 markets.

The PayPal online payment system is reliable and easy to use – we know – many of our team have used it, including to fund trading accounts.

Once the eWallet account is opened and verified, there is no special maintenance required on the part of users. Provided users have sufficient balances in their PayPal account, funds can be transferred promptly to other PayPal account holders or merchants who accepts PayPal as a mode of payment, such as a binary options platform.

PayPal account holders’ can also link their credit card to their PayPal account. This eliminates the need for PayPals’ users to have to post their credit card details online all the time. In addition, PayPal account holders can also linked their account to their banking account.

With these linkages, PayPal users can easily top up their PayPal account balance easily with either funds from their banking account or credit card.

Regulation

PayPal is registered and regulated in multiple jurisdictions. However, the regulation details below apply to PayPal as a payment/e-money service provider – it does not mean the binary options broker you deposit to is regulated in your country.

• FCA (UK) – PayPal UK Ltd: authorized and regulated as an Electronic Money Institution (firm reference number FRN 994790)
• Luxembourg (EEA) – PayPal (Europe) S.à r.l. et Cie, S.C.A.: a credit institution (bank) authorized and supervised by Luxembourg’s financial regulator, the CSSF.
• United States – PayPal.: state-by-state money transmitter licensing and related disclosures are listed on PayPal’s State Licenses page. You can also verify on NMLS for consumers.
• Singapore – PayPal Pte. Ltd.: licensed by the Monetary Authority of Singapore as a Major Payment Institution under the Payment Services Act 2019.
• Canada (AML/CTF) – PayPal Canada Co. (PayPal group): disclosures reference FINTRAC MSB registration and Revenu Québec MSB.

Pros Of Using PayPal For Binary Trading

• Fast, card-free deposits: PayPal lets you fund a binary options account almost instantly without re-entering card details at each broker. This can reduce card exposure and speeds up getting money onto the trading platform – aligning with the short-term nature of binaries.
• Useful currency and funding flexibility: You can often maintain balances in 25 currencies and link several cards/bank accounts. This can make it easier to route deposits from different sources and avoid repeated current conversions when loading trading accounts, as binary platforms often offer a narrow set of base currencies, such as USD, EUR, and GBP.
• Easier reconciliation and audit trail: PayPal is neat to use because it provides a clean, itemised history of deposits and withdrawals per merchant, including binary firms, which is helpful if you track performance by account, contest a transaction, or later need to document trading-related spend for tax purposes.

Cons Of Using PayPal For Binary Trading

• Limited broker coverage in binaries: Many binary options brokers avoid PayPal entirely because of its relatively high merchant fees and strict dispute policies, so using PayPal will dramatically narrow your broker list. We’ve scoured the market multiple times over the years looking for active PayPal binary brokers and the choice remains fairly sparse.
• Verification Required: Using PayPal to trade binaries can require jumping through extra hoops from our tests. For example, Close Option allows PayPal, but it’s the only payment method that requires you to be fully verified before you can make a deposit, as you can see in the image we took in the cashier portal below.
• Higher effective costs on deposits: Where PayPal is accepted, brokers may pass on PayPal’s processing and FX costs via lower payouts or explicit transfer fees, which can erode the already tight margins on short‑term binary products.
• Aggressive account freezes and limits: Sudden spikes in volume, frequent large deposits to high-risk trading brands, or multiple chargebacks can trigger PayPal reviews, temporary holds, or permanent account limitation. This could potentially lock a portion of your trading bankroll unexpectedly.
• No protection from trading loss or broker failure: PayPal’s dispute tools focus on unauthorized or non-delivered services – don’t expect them to cover losing trades or if a broker simply performs poorly. Binary trading platforms can also be labelled “high risk”, which may reduce your chances of a successful chargeback if the platform collapses. Additionally, its buyer protection terms state financial/investment and gambling-type products may be excluded.