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Best PayPal Forex Brokers in UAE 2024 (UPDATED)

Published
25 June 2023

Published
25 June 2023

Our team of experts diligently compiles and verifies broker information to provide you with the most accurate details.

Štefan Grašič

Written by
Stefan Grasic

Written By
Stefan Grasic

Owner Of Business24-7

Stefan Grasic (Dipl.-Jur) is the owner of Business24-7 and has considerable experience in […] Read More

Fact Checked by
Tomislav

Fact Checked by
Tomislav

Broker Analyst and Researcher

Tomislav Turcin is an IT Engineer with a Masters in Business Administration. He […] Read More

Edited by
Giles Thomas

Edited By
Giles Thomas

CEO of Business24-7

Giles Thomas is the CEO of Business24-7 and has considerable experience in the […] Read More

Paypal is a commonly used method among UAE forex traders to deposit and withdraw money from their trading accounts. Users like the high level of security, the variety of available currencies, and the platform’s wide accessibility. The numerous local and offshore brokers in the UAE, with Paypal integration, make it tough for traders to select the best forex broker for their needs.

To guide users through the selection process, we have researched, compared, and evaluated the different providers and their services in UAE to create a list of top choices. To address preferences of different traders, our analysis considers fees, trading platforms & features, number of forex pairs, availability of PayPal as a deposit and withdrawal method, research & education, and customer support.

This guide assesses 35 online brokers in UAE to help users compare and choose the top options for their needs. It starts with a list of the best Paypal forex brokers in UAE, followed by in-depth reviews, comparison and FAQs.

Top 5 PayPal Forex Brokers in UAE

  1. eToro – Best PayPal Forex Broker for Beginners
  2. AVAtrade – Top PayPal Forex Broker for CFDs
  3. Forex.com – Ideal MetaTrader Broker
  4. IG Trading – PayPal Broker With Top Trading Platform
  5. XTB – Top PayPal Broker For Research and Education

Best PayPal Forex Brokers in UAE Reviewed

The 5 highest-rated PayPal forex brokers in UAE are reviewed below, including pros, cons, and key features.

1. eToro Review UAE 2025 – Best PayPal Forex Broker for Beginners

eToro_logo

Rating: 4,5/5

Min Deposit: $100

Fees: 4.2

Assets available: 4.0

Total Fees: Low

Open account Read review

51% 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.

eToro is an investment company based in Israel. Their trading platform is suitable for beginners. It has an intuitive interface, simple order types, and social copy trading features. It also offers premade portfolios called eToro SmartPortfolios. Furthermore, eToro offers a vast range of educational materials, including the eToro Academy video series, tutorials, and podcasts.

eToro provides access to 3,400 financial instruments, including 49 forex pairs.

eToro supports a variety of trading tools for beginners, including watchlists, 13 drawing tools, and 66 technical indicators.

The minimum deposit required at eToro is $100. eToro has a variety of deposit and withdrawal options including PayPal, bank wire transfer, and e-wallets (Neteller and Skrill).

eToro’s customer service is available via email, phone, and live chat in English and Arabic.

eToro Key Features for Forex Traders:

  • Wide Range of Available Assets – access to over 3,400 different financial instruments, including 49 forex pairs, stocks, ETFs, commodities, indices, and cryptocurrencies.
  • Intuitive Trading Interface – the trading platform is beginner-friendly and easy to understand.
  • Proprietary Copy Trading Features – allow to copy trades of professional traders SmartPortfolio Investment Opportunities – pre-made thematic portfolios such as biotech, marijuana, and sustainable energy.
  • Broad Selection of Educational Material – access to webinars, tutorial videos, and guides.
  • Vast Market Research and Analysis Tools – access to valuable insights through eToro’s news and analysis section, the eToro Academy, and eToro Plus. Additionally, users have access to Trading Central research tools.

Pros

  • Access to over 4000+ tradable symbols
  • Great overall market coverage
  • Easy to use mobile trading app and platforms
  • Industry leading social/copy trading app
  • Great cryptocurrency trading features
  • Responsive customer support

Cons

  • Algorithmic trading not available
  • Forex and CFD fees above industry average
  • Education and research tools missing
Open account

51% 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.

2. AvaTrade Review UAE 2025 – Best PayPal Forex Broker for CFDs

Rating: 4,9/5

Min Deposit: $100

Fees: 4.9

Assets available: 4.9

Total Fees: 0.9 pip

Open account Read review

71% of retail CFD accounts lose money

Avatrade is an online brokerage based in Ireland. They allow trading with 1,200+ CFDs, including 55 forex pairs and 44 forex options. The minimum deposit required to open a live account with Avatrade is $100 (360AED). Deposits and withdrawals are available through PayPal, credit card, bank wire transfer, and e-wallets (Neteller and Skrill)

AvaTrade trading platform is available as a web version (WebTrader), mobile app (AvaTradeGO) and desktop app (Mac platform). Users can implement a variety of third party integrations including MetaTrader 4, MetaTrader 5, DupliTrade, and Capitalise.ai.

Users are also allowed to deploy Expert Advisors, Robo-Advisors, and other forms of automated trading software through AvaTrade’s API. This is great for algorithmic and high-frequency forex traders.

Avatrade charges low spreads of 0.6pips (EUR/USD). The maximum leverage available at Avatrade is 400:1.

AvaTrade’s customer support is available via email, phone, and live chat in English and Arabic.

AvaTrade Key Features for Forex Traders:

  • Broad Range of Forex Pairs – access to 55 forex pairs and 44 forex options
  • Vast range of third party integrations – MetaTrader 4 and MetaTrader 5,  Tradingview, DupliTrade, and Capitalise.ai
  • Accessibility – Users have access through a web app (WebTrader), desktop app (Mac platform) and mobile app (AvatradeGO)
  • Islamic Account Availability – Islamic swap-free account option
  • Extensive Educational Materials – tutorial videos, guides, and podcasts
  • Market Research and in-depth Analysis Tools –  access to a wide range of market research and analysis tools including  technical indicators, economic calendars, and extensive daily blog posts

Pros

  • Great Research and Educational tools
  • Great Customer support
  • Good choice of social trading options

Cons

  • Comparing others relatively few trading instruments are offered; offers Forex, CFDs and Binary Options
Open account

71% of retail CFD accounts lose money

3. Forex.com – Best PayPal MetaTrader Broker

Forex.com logo

Rating: 4,4/5

Min Deposit: $100

Fees: 3.7

Assets available: 4.1

Total Fees:

Open account Read review

80% of retail CFD accounts lose money

Forex.com is an online brokerage firm based in Cyprus. They offer access to 5,500 financial instruments, including 80 forex pairs. Forex.com accepts a wide variety of payment methods, including debit/credit cards (Visa, MasterCard), bank wire transfers, and e-wallets (PayPal, Skrill and Neteller).

Trading platforms available at Forex.com are listed below:

  • Web Trader (proprietary web trading platform)
  • MetaTrader 5
  • Mobile app

Trading tools available on the Forex.com platform include Trading Central, Market 360, SMART Signals, TradingView charts, integrated news and analysis powered by Reuters and an economic calendar.

The MetaTrader 5 platform supports Expert Advisors, dynamic charting features (including 24 analytical objects) Gann and Fibonacci tools, and one-click trading.

The minimum deposit required at Forex.com is $100 (360 AED).

Forex.com’s customer service is available via email, phone, and live chat in English and Arabic.

Forex.com Key Features for Forex Traders:

  • Broad Selection of Financial Instruments – access to over 5,500 different financial instruments, including 80+ forex pairs, stocks, commodities, indices, precious metals, and cryptocurrencies.
  • Easy-to-use Trading Interface -trading platforms are beginner-friendly and easy to use for both beginner and experienced traders.
  • MetaTrader 5 Compatibility – compatibility with MetaTrader 5 including 20+ expert advisors, custom indicators, 38 technical indicators, 44 analytical objects, and 21 chart timeframes.
  • Extensive Selection of Educational Material – access to courses, video lessons, platform tutorials, and a comprehensive trading glossary.
  • Broad Range of Market Research and Analysis Tools – Access performance analytics powered by Chasing Returns, Smart trading signals, high-quality journalism and in-depth analysis by Market 360, news sentiment by Trading Central, and a live streaming news feed powered by Reuters News.

Pros

  • Great market coverage
  • Advanced Trading and Web Trading platforms
  • Advanced charting features and performance analytics
  • Award Winning Mobile trading app
  • Professional customer support
  • Competitive fee and commission structure

Cons

  • Educational videos are missing
  • MT5 available outside of US only
  • Limited assets available on MT5
Open account

80% of retail CFD accounts lose money

4. IG Trading – Best Forex Trading Platform

IG Trading logo

Rating: 4,2/5

Min Deposit: $5500

Fees: 3.7

Assets available: 4.5

Total Fees:

Open account Read review

75% of retail CFD accounts lose money

IG is an online trading provider, regulated by the FCA. They provide access to over 17,000 financial instruments, including over 80 forex pairs. IG requires a minimum deposit of $300 to open a live account. Users can fund their accounts by bank wire transfer, credit/debitcards, and PayPal.

Trading platforms available at IG are listed below:

  • Web Trader (proprietary trading platform)
  • MetaTrader 4
  • ProRealTime
  • L2 Dealer

IG’s platforms are fully customizable. Users can set-up watch lists, one-click trading opportunities, and automated trading via Expert Advisors. The L2 Dealer platform has a variety of trading tools such as advanced and anonymous order types.

Fast trade execution at IG as provided through liquidity pools of major banks and liquidity providers.

IG charges low spreads of 0,6 pips (EUR/USD). The maximum leverage on forex pairs is 30:1 for retail traders and 222:1 for professional traders.

IG’s customer service is available via email, phone, and live chat in English, Arabic, and over 15 other languages.

IG Key Features for Forex Traders: 

  • Vast Range of Forex Pairs – access to over 80 major, minor, and exotic forex pairs.
  • Multiple trading Platforms – MetaTrader 4, L2 Dealer, ProRealTime, IG’s proprietary desktop and mobile trading platforms.
  • Algorithmic Trading and Expert Advisors – availability of Expert Advisors, Robo-Advisors, and other forms of automated trading software through IG’s APIs.
  • Direct Market Access – through IG’s Forex Direct.
  • Free Demo Account – pre-loaded with $100k in virtual funds.
  • Extensive Educational Materials – access to tutorial videos, guides, and podcasts
  • Market Research and in-depth Analysis Tools –  access to a wide range of market research and analysis tools, including technical indicators, economic calendars, and extensive daily analytical reports.

Pros

  • Access to over 17,000 markets
  • Cutting-edge mobile and desktop trading platforms
  • Excellent customer support and broad range of educational material

Cons

  • High fees on CFDs
  • Few banking options
Open account

75% of retail CFD accounts lose money

5. XTB – PayPal Forex Broker With the Best Research Tools and Materials

XTB logo

Rating: 3,8/5

Min Deposit: $0

Fees: 3.7

Assets available: 2.9

Total Fees:

Open account Read review

81% of CFD retail account lose money

XTB is a Polish investment company, founded in 2002. It provides access to over 5,600 financial instruments, including 48 forex pairs, CFDs, cryptocurrencies, indices, commodities, stocks, and ETFs. The maximum leverage is 30:1 for retail traders.

XTB’s deposit and withdrawal options are listed below.

  • credit/debit cards 
  • bank wire transfers
  • e-wallets (PayPal, Neteller, and Skrill)

XTB does not charge any funding fees. Deposits are credited to traders accounts instantly. XTB does not require a minimum deposit to open a live account.

XTB’s trading platform has a variety of trading tools including cost and profit calculators, dynamic charting features, live performance statistics and the ability to change stop-losses and take-profits directly on the charts.

XTB charges low spreads of 0,1 pips (EUR/USD).

XTB’s customer service is available via email, phone, and live chat in English and Arabic.

XTB Key Features for Forex Traders:

  • Wide Range of Financial Instruments – access to over 5,600 financial instruments, including 48 forex pairs, stocks, CFDs, commodities, indices, ETFs, and cryptocurrencies.
  • Beginner-friendly Trading Interface – intuitive user interfaces
  • Extensive Market Analysis – in the form of blog posts, market sentiment, and a detailed economic calendar.
  • Vast Library of Educational Material – includes articles, e-books, guides, and a full-fledged trading glossary.
  • Low Spreads and Micro-lot Trading – spreads on forex start at 0,1 pips (EUR/USD), and micro-lot trading is available.

Pros

  • Low trading fees
  • Multilingual support (Available in Arabic)
  • Cashback rebates and free paper trading account

Cons

  • Only CFD trading
  • Charges inactivity fees
Open account

81% of CFD retail account lose money

How To Choose The Ideal Forex Brokers Accepting Paypal Deposits and Withdrawals

Criteria to consider for selecting the optimal Paypal forex broker in UAE are listed below.

Top Paypal Forex Brokers in UAE Compared

Key features of the top ranked Paypal forex brokers in UAE are compared in the table below.

BrokereToroAvaTradeForex.comIGXTB
Nr. of Forex Pairs49658080+48
Spread on EUR/USD0,9 pips0,9 pips0,8 pips0,6 pips0,1 pips
Leverage1:301:4001:1001:2221:500
Trading PlatformseToro WebTrader & appAva Social, DupliTrade, mql5.comWebTrader, app, MetaTrader 4ProRealTime, L2 Dealer, App, MetaTrader 4xStation 5, xStation Mobile
RegulatorsASIC, CySEC, FCAASIC, FSA, FSCA, CBI, FFAJ, ADGMFCA, FSA, CFTC, NFA, IIROC, ASICFCA, BaFin, CySec, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, RFED, FINRA, NFAFCA
Educational ResourcesAcademy, Plus, Digest & InvestFAQ Section, Videos, Education blogCourses, Quizzes, Lessons, Platform Tutorials, GlossaryInteractive training, webinars and seminars, trading lab analysis, glossary, one-on-one trainingsArticles, eBooks
Customer SupportEmail, Live chatEmail, Phone, Live ChatEmail, Phone, Live ChatEmail, Phone, Live ChatEmail, live chat
Deposit MethodseToro Money, Credit Card, Debit Card, PayPal, Neteller, Skrill, Rapid Transfer, iDEAL, Klarna, Bank Wire Transfer, POLI, Przelewy24Credit Card, Debit Card, Skrill, Neteller, WebMoney, Bank Wire TransferCredit Card, Debit Card, Skrill, Neteller, Bank Wire TransferCredit Card, Debit Card, Paypal, Bank Wire TransferCredit Card, Debit Card, PayPal, Skrill, Neteller, Bank Wire Transfer
Withdrawal MethodseToro Money, PayPal, Neteller, Skrill, Rapid Transfer, Bank Wire Transfer, POLI, Przelewy24Skrill, Neteller, WebMoney, Bank Wire TransferSkrill, Neteller, Bank Wire TransferPayPal, Bank Wire TransferBank Wire Transfer, PayPal, Skrill, Neteller
Swap Free AccountYesYesYesNoYes
ECN Account CommissionNoneNoneNoneNoneNone
ScalpingNoYesYesYesYes
EA TradingNoYesYesYesNo
VPSNoYesYesYesNo
Min. Deposit$100$100$100$300$1

What is PayPal

PayPal is a digital payment provider, founded in 1998. It allows users to send and receive payments and conduct online transactions. PayPal users can connect their bank account or to their PayPal account to be able to pay for online goods and services. 

PayPal has processed billions of transactions and is active in over 200 countries. 

Are There Any Paypal Restrictions for UAE Users?

Paypal restrictions for UAE users are listed below:

Paypal Fees Vs UAE Bank Fees For Forex Trading

Forex trading fees between PayPal and UAE bank accounts vary. PayPal charges a currency conversion fee every time you receive funds in a currency that is different from the one set up in your PayPal account. This conversion fee is 3,5% above the real exchange rate. 

UAE banks also charge currency conversion fees whenever you make payments in currencies other than AED. The fee charged by banks varies and depends on the amount of money sent.

Additionally, PayPal charges its users for receiving payments from forex brokers and for withdrawing funds from their PayPal accounts to their bank accounts. UAE banks may charge forex trading and wire transfer fees but usually, charge less than PayPal.

Pros and Cons Of Using Paypal For Forex Trading

The Pros and cons of using Paypal for forex trading are listed below.

Pros of using PayPal:

Cons of using PayPal:

What Are The Best Paypal Alternatives in UAE

Some of the most popular PayPal alternatives in the UAE include:

Which Forex Brokers accept Paypal Deposits and Withdrawals in UAE

Forex brokers that accept Paypal deposits and withdrawals are listed below.

Which Forex Brokers Accept Paypal Deposits in UAE?

Forex brokers that accept Paypal deposits are listed below.

Which CFD on Forex Instrument Brokers Accept Paypal Deposits in UAE?

Conclusion

The variety of online brokers and their trading services makes it stressful to compare and evaluate their offers to find the ideal option. To make the ideal choice for their needs, traders must collect relevant data and research them based on certain criteria.

This guide does the hard work for you by comparing and evaluating the top choices for different types of traders and their preferences. The results of our assessment of the best Paypal forex brokers in UAE are wrapped up in the table below.

RANKBROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1eToroGreat overall market coverage4,9/5BeginnersOfficial website *
#2AVAtradeGreat Customer support4,9/5 CFDsOfficial website
#3Forex.comAward Winning Mobile trading app4,4/5MetaTraderOfficial website
#4IG TradingExcellent customer support4,2/5Forex Trading PlatformOfficial website
#5XTBLow trading fees3,4/5Research Tools and MaterialsOfficial website

*51% 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.

FAQ

Can you trade forex directly with Paypal in UAE?

Yes, Paypal allows client to exchange major currencies pairs. However, Paypal charges high fees compared to online forex broker and should be avoided for trading forex.

Is Paypal a cheap banking option for forex trading?

No, Paypal has the highest operational fees among deposit and withdrawal options including credit/debit cards, bank wire transfers and other e-wallet options.

Does Paypal allows deposits and withdrawals in UAE?

Yes, Paypal users are allowed to deposit and withdraw money to their bank account using Paypal.

Why to use Paypal as the primary payment method for your forex broker account?

Reasons to use Paypal for depositing and withdrawing money at your forex broker include simplicity, safety & security, instant money transfers and multi-currency support (over 25 currencies).

Does Paypal support direct AED deposits?

No, the UAE Dirham is not one of the Paypal supported currencies. This means that users can’t make direct AED transfers or payments.

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Disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

Štefan Grašič
Stefan Grasic (Dipl.-Jur) is the owner of Business24-7 and has considerable experience in the financial and investment niche, but also... Read more about Stefan Grasic
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