PayPal is one of the most popular payment methods in the world. It’s fast, it’s secure and accepted almost everywhere. Prop Firms are no exception. A lot of them accept this method as a way of payment, either for purchases of their programs, or withdrawals of profits generated.
In this article, we’ll go through the best proprietary firms that accept PayPal as a medium of payment.
The Top 3 Best PayPal Prop Firms
Here’s the list of the 3 best proprietary trading firms that accept PayPal.
FundedNext
REVIEW SUMMARY
FundedNext is a Forex prop firm, located in Ajman, UAE. It was founded in 2022. Read the full FundedNext review
FEATURES
Instruments: Forex, Indices, Metals, Commodities, Crypto.
Max balance: $4,000,000
Profit split: up to 90%
Cost: from $32
Platforms: MT4, MT5, cTrader.
Take Profit Trader
REVIEW SUMMARY
Take Profit Trader is a Futures prop firm, located in Orlando, Florida, USA. It was founded in 2022. Read the full Take Profit Trader review
FEATURES
Instruments: Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Interest Rates Futures, Metals Futures.
Max balance: $150,000
Profit split: up to 90%
Cost: from $150/month
Platforms: TradingView, NinjaTrader, Tradovate, Rithmic, Volfix, ATAS, Quantower, TradeNavigator, MultiCharts, MotiveWave, RInvestor, Bookmap X-Ray, Jigsaw Daytradr, Finamark.
FTUK
REVIEW SUMMARY
FTUK is a Forex prop firm, located in USA. It was founded in 2021. Read the full FTUK review
FEATURES
Instruments: Forex, Indices, Commodities, Crypto.
Max balance: $6,400,000
Profit split: up to 80%
Cost: from $99
Platforms: MT5, MatchTrader, DXtrade.
Other Interesting Prop Trading Firms With PayPal
These PayPal prop firms are not at the top 3, but are also interesting, and generally not really far away from the previous ones in terms of quality and services provided.
| Prop Firm | Profit Split | Cost | Max Balance | Rating | Review | Visit |
|---|---|---|---|---|---|---|
|
80% | from $80/month | $300,000 | 4.6 |
Read review | |
|
up to 100% | from $33 | $400,000 | 4.5 |
Read review | |
|
90% | from $99/month | $250,000 | 4.5 |
Read review | |
|
up to 80% | from $89/month | $200,000 | 4.4 |
Read review | |
|
up to 100% | from $39 | $2,000,000 | 4.3 |
Read review | |
|
90% | from $115/month | $250,000 | 4.3 |
Read review | |
|
up to 80% | from $55 | $3,000,000 | 4.2 |
Read review | |
|
up to 85% | from $129 | $2,000,000 | 4.2 |
Read review | |
|
75% | from £299 | $10,000,000 | 4.1 |
Read review | |
|
80% | from $150/month | $400,000 | 4.1 |
Read review | |
|
up to 90% | from $26/month | $300,000 | 4.0 |
Read review | |
|
up to 90% | from $129 | $1,500,000 | 3.0 |
Read review |
How Should I Choose A Prop Firm
If you are undecided between two or more prop trading firms with PayPal, you can use our prop firm comparison tool. Just choose the firms that you want to compare and immediately check the results with a detailed comparison.
Compare Any Prop Firm
How Were These Prop Trading Firms With PayPal Chosen And Rated
The PayPal prop firms that appear here were rated based on different factors, which include:
- Difficulty: How easy it is to pass the prop firm challenges or evaluations.
- Futures platforms: The range of trading platforms available.
- Customer support: How fast and reliable the prop firm’s customer support is in solving your problems and answering your questions.
- Profit split: How much of the profits the prop firm shares with you.
- Instruments: How vast the range of instruments available to trade is.
- Cost: How much does a funded account cost to apply and maintain.
- User Rating: How good the prop firm is rated by other users.
What Is PayPal?
PayPal is a payment platform that allows its users to quickly transfer money to each other. These transfers can be done through their own website or through their app.
To start using your PayPal account with a proof firm, you just need to connect it to a bank account or to a credit/debit card. After that, you’re done and ready to start sending and/or receiving money.
You can also have money on the PayPal account itself. If you receive money from someone, you can use that money directly to make purchases, without ever needing to connect your PayPal account to your bank.
How To Use PayPal With A Prop Firm?
Paying The Prop Firm Using PayPal:
To purchase a prop firm program, you first need to create an account with PayPal.
The second step is to create an account with the prop firm that you want to trade with.
Next, choose the prop firm program that you want to purchase.
When you’re asked to select the payment method, choose the PayPal option.
A pop-up window, connecting you to PayPal will appear. Just fill in your details and the payment will be done immediately.
Receiving From The Prop Firm Using PayPal:
The process is very similar, you start by creating a PayPal account if you don’t have one.
When you have funds to receive from the prop firm, just head to the withdrawal section on their website.
Select the option PayPal and insert your PayPal email address. Now you just need the prop firm to approve your payment. Once that’s done, you should receive your money in no time.
Advantages Of Using PayPal With A Prop Firm
- Fast and secure payments
- You can connect several bank accounts or credit/debit cards at the same time
- Client protection in case of fraud
Disadvantages Of Using PayPal With A Prop Firm
- You may be charged conversion fees when paying or receiving through different currencies
