Australia-based forex broker International Capital Markets, trading as IC Markets, has added PayPal as accepted payment method. Its clients can use the new option for deposits to or withdrawals from their trading accounts.
Investors can make transfers via PayPal in one of 10 different currencies – Australian dollar (AUD), US dollar (USD), Euro (EUR), British pound (GBP), Singapore dollar (SGD), New Zealand dolalr (NZD), Japanese yen (JPY), Honk Kong dollar (HKD), Swiss franc (CHF), and Canadian dollar (CAD).
“We’re proud to be partnering with the global leader in the e-commerce payments space. The inclusion of PayPal was in response to our clients’ requests and is yet another step forward in providing the best possible user experience for our clients,” IC Markets managing director Andrew Budzinski said.
PayPal is a US-based global electronic payment system. It supports money transfers in 26 currencies and 203 countries. It offers anonymity and security of transactions – users are not required to provide bank details or credit card information. It is well-known and used by more than 7 million businesses worldwide, including by many forex brokers, including ThinkMarkets, Fortrade, RoboForex, FxPro, Oanda, Alpari, eToro, Fortrade, and UFX Bank.
In addition to PayPal, IC Markets also support more than a dozen other payment options. It accepts broker-to-broeker transfers, bank and wire transfers, bank cards, Skrill, Neteller, Qiwi Wallet, WebMoney, China UnionPay, Neteller, and FasaPay, as well as BPay Deposit and Branch Cash Deposit for clients in Australia only, and local bank transfers for traders outside Australia.
IC Markets, headquartered in Sydney, is an electronic communication network (ECN) broker of forex and contracts for difference (CFDs) that serves individual traders, money managers and institutional customers. It is regulated by the Australian Securities and Investments Commission (ASIC) and is among the leading Australian brokers.