It’s hard to beat PayPal when it comes to convenience, security, and ease of use. Simply put: PayPal is fast, safe, and easy to navigate. Traders can quickly make instant deposits to (or withdrawals from) their forex trading accounts with a PayPal account. It’s also relatively affordable; PayPal doesn’t charge fees for opening a new account (though you might be liable for payment fees, depending on your payment method and country of residence). Another thing forex traders will appreciate: PayPal’s global presence is massive, and its international service coverage is extensive. PayPal is available in more than 200 countries and regions, and it supports 25 different currencies, including the USD, CAD, EUR, DKK, JPY, GBP, and INR. Check out PayPal’s full list of supported currencies on their website.