Company

Spread

for EUR/USD

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details

TrioMarkets

Offers two ways to trade: Forex, CFD

 
TrioMarkets
See Details Try a Demo
Your capital is at risk
$/€500Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
  • Credit cards
  • PayPal
See Methods
  • Live chat
  • Phone support
  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
Trust Score:

B

Established in:

2014

Regulated by:

CySEC

CFI Markets

Offers two ways to trade: Forex, CFD

CFI Markets
See Details Try a Demo
Your capital is at risk
100Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
  • Credit cards
  • PayPal
See Methods
  • Live chat
  • Phone support
  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
Trust Score:

B

Established in:

2012

Regulated by:

Financial Conduct Autority, Cy...

See DetailsTry a Demo
Your capital is at risk
CFDs are leveraged products and can result in the loss of your capital. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For PayPal

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose TrioMarkets
For PayPal?

TrioMarkets scored best in our review of the top brokers for paypal, which takes into account 120+ factors across eight categories. Here are some areas where TrioMarkets scored highly in:

  • 3+ years in business
  • Offers + instruments
  • A range of platform inc. MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 1.4 pips
  • Used by + traders
  • Allows hedging
  • 2 languages
  • Leverage up to 1:300

TrioMarkets offers two ways to trade: Forex, CFD. If you wanted to trade EURUSD through copy trading or other means, skip to part two.

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

TrioMarkets have a B trust score, which is good. This is largely down to them being regulated by CySEC, segregating client funds, being established for over 3 years, and much more. For comparison:

Trust Score comparsion

TrioMarkets CFI Markets
Trust Score B B
Year Established 2014 2012
Regulated by CySEC Financial Conduct Autority, CySEC, BaFIN
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who TrioMarkets is (& Isn’t)
Suitable For

As mentioned, TrioMarkets allows you to trade in two ways: Forex, CFD.

Suitable for:

  • CFD Trading
  • Forex Trading
  • Social Trading

Not Suitable for:

To trade with TrioMarkets, you'll need a minimum deposit of $500. TrioMarkets offers a range of different account types for different traders including a mini account, vip account.

TrioMarkets is also suitable for traders looking to trade with an ECN broker. ECN trading allows the trader to get access to the actual pricing of instruments as set by the banks and liquidity providers, rather than relying on the broker to set the price. To open an ECN account with TrioMarkets you will need a minimum deposit of $50000.

Finally, TrioMarkets isn't available in the following countries: .

Part 3

A Comparison of TrioMarkets vs. CFI Markets vs.


Want to see how TrioMarkets stacks up against CFI Markets and ? We've compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
TrioMarkets CFI Markets
Fixed Spreads
Variable Spreads
EUR/USD Spread 1.4
GBP/USD Spread 1.4
USD/CAD Spread 0.4
USD/JPY Spread 0.3
DAX Spread 0.7
FTSE 100 Spread 0.8
S&P500 Spread 0.4

Comparison of account & trading features

TrioMarkets CFI Markets
Spread type Fixed B
EUR/USD Spread 2014 2012
EUR/GBP Spread CySEC Financial Conduct Autority, CySEC, BaFIN
Crude Oil Spread
Gold Spread Private Private Private
DAX Spread

Part 4

Benefits of choosing a Broker that accepts PayPal

For those who are interested in opening an account with a forex broker, there are several factors which need to be considered. First, the broker in question should be regulated and trustworthy. While other features such as a wide variety of underlying assets and amenable spreads are important, payment methods are just as critical – as you must be able to withdraw and deposit funds.

What is PayPal?

As the company defines itself, it’s an online service that allows you to make payments, send money as well as accept payments from other people without compromising your personal financial information. It can be used for business as well as personal needs.

PayPal has grown to become a widely accepted online payment platform across the globe today, even though it emerged from a totally different concept. It was initially started in December 1998 when it was first known as Confinity. It began as a company that created security software for the handheld devices, the great minds behind it being Max Levchin, Luke Nosek, Kevin Howery and Peter Thiel.

PayPal then grew from Confinity as an online money transfer service in the year 1999, with funding from BlueRun Venture.

PayPal Services

One thing that makes PayPal a great payment option is that it is so simple to use. With just a few clicks, you can make instant deposits. PayPal service coverage is offered in 202 countries worldwide and in 52 different currencies, including but not limited to USD, CAD, EUR, DKK, JPY, GBP and INR. You can see the covered countries from here.

PayPal also supports a wide range of payment platforms including but not limited to e-Banking, PLAN and MXN. PayPal allows you to make payments online through your email address. You can deposit money to your account, instantly send it to your broker and receive your payout and withdraw it to your bank. It offers a safe and a secure online platform for sending money and receiving money electronically.

PayPal fees are very fair and suit a trader. There are no fees charged monthly for processing of payment. The payment fees for PayPal vary according to your location and the payment method used. If making a purchase, you are charged no fee at all. If selling, you are charged 2.9% of the total value plus an additional $0.3 for each sale. What’s great with PayPal is there are no hidden charges, whether making payments or purchases.

When you make payment either using the credit card or your PayPal account, processing time is instant. The funds are instantly deducted from your account. Payments via eChecks take 2-3 business days. Withdrawing funds to your bank account take about 2 to 3 business days. There’s also the PayPal debit card option that gives you instant access to your funds after.

As a trader, knowing the chargeback policies of a payment service is very important. Basically, chargeback is available through the Purchase Protection policy and is applicable on purchase of products but not services. As of June 2016, PayPal updated their user agreement policies. The updates mainly affected the Section 11 (Protection for sellers) and section 13 (Protection for buyers). These recent policy updates exclude a number of activities from Purchase Protection. These include but not limited to activities that require entry fees and prizes, such as gambling and gaming. Since stock trading is a service and requires entry payments, it is excluded from the activities that are eligible for a reimbursement.

That means that chargebacks policies are not applicable to forex trading. However, you can file your dispute and try to resolve the case if you want. If you are not able to resolve a dispute with your broker, you can head to PayPal’s Resolution Center and follow the guidelines given.

Advantages of using PayPal to fund your trading account

There are so many benefits of using PayPal for forex trading, but just to list a few:
• It’s very simple and easy to use. With just a few clicks, you can make your deposits.
• It has a wide coverage. It is available internationally in over 200 countries and 52 currencies including but not limited to USD, GBP, CAD,
• Forex traders don’t need a credit card as PayPal account allows receiving and sending money to up to 202 countries globally, including but not limited to USA, Canada, UK, France and Italy. View all countries from here.
• Payments are instant and withdrawals take less time to reflect in your bank account.
• It’s beneficial to international forex traders as commissions are charged at a minimal rate of 2.9% + US$0.3 per transaction.
• Payments made via credit cards or PayPal account balance are processed instantly.
• Withdrawal of funds to bank account take at most 3 business days to reflect in bank account once approved by your bank.
• Forex companies recognise PayPal as a payment method for speeding up transactions. With the endless number of benefits for forex traders, PayPal is certainly the easiest convenience that any trader can ever need.

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