For the longest time buying stocks with PayPal was almost impossible. Due to strict regulations, it has not been easy for stockbrokers and other trading services to offer stocks via PayPal and for many investors it has been a let down. However, lately, there has been a change in the industry and today it is not only possible but actually quite easy to buy stocks with PayPal, at least if you use the right services.
How do you buy stocks with Paypal?
It’s actually surprisingly simple and in the following guide, we outline the process and offer recommendations for the best Paypal stock brokers 2023.
Paypal is already a well-known payment solution that most of us are familiar with. It offers simple, safe, and fast transactions online, making it optimal for online stock trading.
Below, we’ve list the best brokers as well as trading apps that accept Paypal.
Stocks Paypal: This is How it Works
Would you like to buy stocks with PayPal?
Then let us point you in the right direction.
Most traditional stockbrokers do not offer PayPal as a payment option, but many of the Best derivative brokers do. That includes top forex broker as well as CFD stock brokers.
And lately, some of these brokers have started offering stocks as actual securities, i.e. of the exchanges. Meaning you don’t have to limit yourself to derivatives unless you want to. Furthermore, top American stock brokers have started integrating Paypal in several clever ways, but more about that in a second.
Why PayPal?
PayPal is by far one of the most practical and popular payment services online today and when it comes to online transactions, many prefer using PayPal over other more traditional payment options.
Unfortunately, many traditional stockbrokers do not support PayPal which means that it can be difficult to invest in stocks using PayPal and many investors end up asking themselves “Can I Buy Stocks with PayPal?“
The answer is yes, at least if you follow our advice and use CFD brokers online instead of traditional brokers. Many of these trading platforms are offering PayPal as a deposit method.
Benefits of Buying Stocks and shares with PayPal
- PayPal is by far one of the most practical and popular payment services online today especially when it comes to online transactions, and that is the single most important benefit for stockbrokers. In fact, most people that are active online have a PayPal account for different reasons. Maybe you have connections abroad that you want to transfer money to quickly with low fees. Or maybe you’re working online and are being paid to PayPal by international clients. Others use PayPal to buy products and services online.
- PayPal is also a great service for people whose banks charge a lot for transactions to international brokerage accounts. And for day traders that often transfer large amounts at once, PayPal offers higher limits than some banks.
- In addition, most brokers have support for Visa and Mastercard, while some include Maestro and Diners. So if you’re using another card than that, you might be forced to use time-consuming and expensive payment options such as bank transfers and cheques.
- One of the often-overlooked benefits of stock trading with PayPal is that PayPal only collaborates with the best and most reliable services in the world. In other words, if the broker offers PayPal, you know you can trust the broker.
- The final benefit of buying stocks with PayPal has to do with the practical nature of online payments, especially to online brokers. And even though most brokers support smaller payment services such as Skrill and Neteller, most investors prefer to use a reliable service such as PayPal.
Setting Up a PayPal Account
If you already have a PayPal account you can continue to the next section of this page where we will discuss how to get started as well as some of the brokers supporting PayPal.
However, if you want to open a PayPal account to start trading stocks, we can help you.
Luckily, opening a PayPal account is easy, and it won’t take you long.
Start by visiting PayPal.com and click on the “Sign Up” button. Note that PayPal will automatically redirect you to a local version of PayPal, and since they support most languages, you’ll be able to go through the registration process in the language you prefer.
After you’ve pushed the Sign Up button you will be asked to provide personal information such as your name, email address (which will serve as your username), and phone number.
After that, your account will be activated and you can start receiving money.
However, to be able to withdraw funds and transfer money to a broker you will have to verify your identity and payment option/bank account first.
The verification process is easy, and all you have to do is follow the instructions provided by PayPal.
Now, the process does differ a bit from region to region so instead of guiding you, we will refer you to the PayPal customer service.
As soon as you’ve verified your account, you will be able to buy stocks with PayPal.
How To Buy Stocks with PayPal
Wondering how to buy stocks with PayPal?
Paypal happens to be one of the fastest deposit methods with most trading platforms.
If your PayPal account is set up and ready, you can start buying stocks with PayPal. In order to do so, you will first have to find a broker that supports PayPal.
We have listed the best PayPal brokers below, and you can choose any of them.
You then have to open an account with the broker you prefer. We describe that process in detail in each of our broker reviews (open them by clicking the links below).
With a stock brokerage account set up all you have to do is transfer money from your PayPal account to your broker account and then start buying stocks.
As mentioned, the brokers that support PayPal are typically CFD brokers, but that is not a bad thing at all, rather the opposite.
CFD and forex trading is done online and in many ways, it’s more straightforward than stock trading.
Since the trading is done completely online, most of the brokers offer the option of funding your account with online payment services such as PayPal.
Several CFD brokers have started offering regular stock trading lately, so you will be spoiled for choice in terms of investment opportunities.
Also, a CFD broker will give you access to more than just stocks.
In fact, many of them let you trade cryptocurrencies, forex, commodities, ETFs, funds, and more.
Is It Safe to Buy Stocks with PayPal?
Yes, it is absolutely safe to buy stocks with PayPal, and there are two reasons for this.
Firstly, all the brokers listed on this page are regulated and licensed, meaning they are safe to use.
The licenses they have acquired force them to follow strict guidelines and regulations, and they are all subject to random and regular audits. In other words, brokers offering stocks with PayPal are safe.
Secondly, PayPal is a very legitimate company that would only ever work with trustworthy and respectable companies.
This is the reason why most brokers out there aren’t allowed to offer PayPal as a payment option when buying stocks. In fact, it would be devastating for a business like PayPal to be associated with a scam company or an unsafe business.
In addition to this, we work tirelessly to only recommend legitimate and safe services that you can use without having to worry.
Note that while it is safe to buy stocks with PayPal, you still always run the risk of losing your invested money so be careful. Only invest based on detailed analytic work.
The Best PayPal Brokers 2023
Today, most forex and CFD brokers have support for Skrill and Neteller which are two smaller payment providers that compete with PayPal.
The reason for this is that Skrill and Neteller are less serious and well-established than PayPal, and they don’t mind collaborating with smaller brokers.
PayPal, on the other hand, is a more serious payment provider and they only work with the best brokers.
Because of this, PayPal can, in certain cases, be an indication of how good a broker is. If the broker offers PayPal, then you can rest assured that they are safe to use.
So, which brokers let you invest in stocks using PayPal? Let’s take a closer look at the selection, and don’t forget that all the CFD and forex brokers we recommend are regulated and safe.
Click the links to learn more about the respective broker.
Below is a list of investing apps and trading platforms that use PayPal.
Investment Apps that Accept PayPal
1. Plus500 – Offers PayPal and Reliable Stock Trading App
Risk Warning: 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
When it comes to trading stocks as CFDs and funding your account with PayPal, few brokers can compete with Plus500.
Their proprietary platform has won multiple awards, the customer service is incredible, and their selection of assets provides all you need to trade on the best markets in the world. If you, for some reason, don’t think IG Markets is a good fit for you, then please go with Plus500 instead, you won’t regret it.
Plus500 lets you trade CFDs on stocks with PayPal as a payment method.
Platform: Plus500
Stock trading: Stocks as CFD
PayPal: Yes
Read our Plus500 Review
Find the best trading platform. You capital is at risk when trading. Be careful.
2. AvaTrade – Leading Mobile Stock Broker
For the longest time, AvaTrade has been one of our favorite brokers.
Today, you can use AvaTrade to invest in stocks, indices, and cryptocurrencies using PayPal.
And don’t forget to check out their wide range of platforms designed to cater to traders with different needs and skillsets. Also, AvaTrade allows you to buy stocks as CFDs and has support for spread betting.
Platform: A combination of their own software and third-party platforms
Stock trading: Stocks as CFD and spread betting
PayPal: Yes
Read our AvaTrade Review
Find the best trading platform. You capital is at risk when trading. Be careful.
3. IG Markets – One of UK’s Top Online Brokers
One of the best brokers to buy stocks with PayPal is IG Markets, and they also happen to be one of the most experienced brokers in the industry. Established over 40 years ago, it should come as no surprise that IG Market is both popular and extremely safe to use.
Lately, the broker has also started offering PayPal as a payment method to accommodate its growing collection of customers.
As icing on the cake, IG Markets provides support for stocks as CFDs, stocks as spread betting, and lately also stocks from the exchange, and that is why we consider IG Markets to be the best PayPal stockbroker.
It also offers a great forex app and spread betting.
Platform: The MetaTrader 4 and a stockbroker platform
Stock trading: CFDs, spread betting, and securities from the exchange
PayPal: Yes
Read our IG Markets Review
Find the best trading platform. You capital is at risk when trading. Be careful.
4. Oanda – Fantastic Globally-Available Online Broker
Oanda is an American-based online broker that’s available all over North America, Europe, and across Asia. The broker has a phenomenal reputation and a long list of trading licenses from the strictest governing bodies in the business.
Obviously, Oanda also supports transactions using PayPal, making it available to all those traders that prefer buying stocks with PayPal.
Now, Oanda’s selection of stocks varies quite a bit from jurisdiction to jurisdiction. For example, Oanda only supports forex trading in the US.
Therefore, we suggest that you check which instruments are available to you, before making a deposit to Oanda using PayPal. In case you’re not satisfied with the stocks offered, you can opt for one of the other brokers in this list.
Platform: Oanda
Stock trading: CFD stock trading
PayPal: Yes
Read our Oanda Review here
Find the best trading platform. You capital is at risk when trading. Be careful.
5. CMC Markets – A Personal Favorite Stock Broker
CMC Markets has one of the largest selections of stocks of all online brokers that we’ve tested and recommend. They’re also regulated across Europe, Asia, and Australia, and for years, they’ve been praised for their service.
When using Paypal with CMC Markets, you’ll gain access to real-time funding and withdrawals from your CFD stock trading account. This gives you the ability to quickly fund your account, but also swift access to your potential profits.
CMC Markets also has an impressive selection of other assets, allowing traders to benefit from the forex market, cryptocurrency trading, commodity future trading, and much more.
Platform: Next Generation, MT4
Stock trading: CFD stock trading (DMA access in certain jurisdictions)
PayPal: Yes
Read our CMC Markets Review
Find the best trading platform. You capital is at risk when trading. Be careful.
6. FxPro
FxPro is a well-established online broker that, despite claiming to be the world’s number 1 broker, also has a decent selection of stocks and support for Paypal.
We wouldn’t recommend FxPro as strictly a stock broker since that is not its main focus. However, this broker provides such an exciting trading opportunity using some of the best tools in the industry. Therefore, we thought it was a no-brainer to include them as a top online stock broker with PayPal.
To summarize, this broker is an excellent choice for forex traders that sometimes like to change things up a bit with opening a few well-analyzed CFD stock positions.
Platform: FxPro, MT4, MT5, cTrader
Stock trading: CFD stock trading
PayPal: Yes
Find the best trading platform. You capital is at risk when trading. Be careful.
Link PayPal to a Broker
There is an alternative solution that allows you to use PayPal with even more online brokers. This method is practical for most traders that want to use PayPal, although it’s mainly used by American traders and brokers.
The idea is that you link your Paypal account to your broker account. In some cases, you do this using mobile solutions and sometimes you use your Paypal as a bank account, either direct or indirect. We’ll explain it all in detail below.
What’s important to understand is that these solutions provide the option to use Paypal with your stock broker, even if you can’t or don’t want to use the brokers listed above.
Also, please note that this method usually only works for withdrawals from broker accounts and not always for deposits.
How to Link PayPal Account to a Stock Broker
There are several ways that one can link Paypal to a broker, and usually a broker only supports one of the options. The most common are indirect and direct connections.
Direct
When linking your Paypal account directly to a stock broker you do so to receive instant payouts. This is done by using your Paypal account number instead of your regular bank account number which you add in your broker account settings.
Some brokers also allow you to use a bank card that you’ve connected to Paypal to make deposits. This way you’re using a card issued by your bank to make a deposit from your Paypal account. Just keep in mind that you can’t withdraw funds this way.
Indirect
An indirect link between Paypal and a broker doesn’t actually involve the broker. Instead, you link your broker account to your regular bank account. Then you link your bank account to Paypal, ensuring that all the money from your broker goes directly to Paypal.
Obviously, this method is only practical for those that use Paypal a lot.
Use PayPal For On-the-Go Paypal Transactions
There is also a newer method that’s becoming more popular among brokers and that’s mobile payment solutions offered by electronic payment services.
For example, the bank segment of Fidelity has started supporting Paypals on-the-go mobile payment options. This means you can make easy transactions to and from your Fidelity bank account, and then fund your broker using that account. Even though it’s only applicable for traders that use their bank as a broker, it’s a smart solution to trade stocks with Paypal.
E*Trade
E*Trade is a massive American stock broker that, in many ways, have paved the way for online trading around the world. Today, E*Trade can be linked to Paypal the same way you link your bank account to E*Trade.
This allows for seamless transfers to and from E*Trade, effectively allowing you to invest in stocks using Paypal.
Fidelity
As mentioned, Fidelity can be linked to Paypal, although it requires you to have a bank account with Fidelity.
This service might not be available to everyone, but it is an extremely practical method for those that can use it.
Robinhood
Robinhood is, as well-known, only available to US traders and there is a way for them to use Paypal and Robinhood together. To do this, the trader needs to order a Paypal cash card which you fund using your Paypal account.
The card is issued by Wells Fargo, meaning Robinhood accepts it just like any other bank card from Wells Fargo.
It’s a simple way to fund your stock trading account using Paypal, and it’s highly recommended.
PayPal
Paypal (PYPL) is an online payment system that supports online money transfers.
It serves as the backbone of most of the world’s e-commerce trades and financial transactions in place of money orders and paper checks. Its partnerships with other global financial players have enabled it to reach new markets and provide new products and services.
Founded in 1999, Paypal is headquartered in San Jose, California.
Invest in Paypal – Paypal share price has been strong in the last few years which is good news for those who invest in Paypal.
As global e-commerce grows so will the valuation of Paypal stock. Investors can buy Paypal stock or invest through CFDs (contracts for difference).
Cryptocurrencies, Forex, Commodities, and EFTs
Most of the brokers listed in this article are not limited to stocks only, you can also buy cryptocurrencies, Forex pairs, Commodities, and more.
It is not uncommon that most brokers offer:
- Cryptocurrencies
- Bitcoin
- Ethereum
- Ripple
- Litecoin
- Bitcoin Cash
- Dash, Cardano
- IOTA
- Forex
- EUR/USD.
- GBP/USD.
- EUR/GBP.
- USD/JPY.
- AUD/USD.
- USD/CAD.
- EUR/JPY.
- USD/CHF.
Other Ways to Buy Stocks
There are many other ways that one can buy stocks as well and we can help you find the solutions that suit you the best.
For example, we have curated a list of the best online stock brokers for everyone that prefers trading stocks as CFDs and other derivatives.
This list contains the best stockbrokers as well as our reasons why we consider them to be the best.
Then there are some people that prefer trading stocks on mobile devices, and for them, we can recommend best stock trading apps as well as the brokers that offer them.
In fact, mobile trading has become so prominent in the trading world that we suggest you try to at least give mobile stock trading a go if you haven’t already.
Furthermore, if you happen to live in the UK, we have a special list of the best stock trading apps UK, which all have features that make them especially good for UK traders.
Note that while some of the brokers listed in the two posts above support PayPal not all of them do so if you’re really keen on trading stocks with PayPal you’ll have to double-check which payment methods they offer.
Otherwise, you would do best to stick with the brokers and services mentioned earlier on this page.
Summary: Buy Shares Using Paypal
Can you buy stocks with PayPal? Yes, definitely, and it’s also one of the fastest and most reliable deposit and withdrawal methods.
If you already have your PayPal account set up, you will be up and running in no time.
Read more about him by visiting his LinkedIn profile or contact us directly to learn more about the team.Our Author:
Adam Jarfjord is a Swedish day trader, investor, and copywriter. He works as head of content at BullMarketz.com and has been providing editorial content within the financial sector for more than 5 years.
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