PayPal is an electronic payment, storage and money transfer technology which is operated by PayPal Inc. and is owned by eBay Inc. Founded in 2000 PayPal was one of the first and currently is one of the most popular online services for money transferring. Although there is account balance related with each PayPal account PayPal does not use virtual currency units  remaining a pure payment system.


PayPal accounts are anonymous and based on the client's e-mail address. But a credit card is required to add funds into the balance or send payments to other customers.


PayPal charges fees for receiving funds and for withdrawing funds from the account balance to bank accounts outside U.S. The sender of the funds does not pay any fees if the transfer is taking plave only inside the payment system.


PayPal is a decent electronic payment system which you can use with Forex brokers. Because all payments are instant you can use your credit card without showing it to anyone except PayPal and there are enough various brokers which accept PayPal for funding intentions. Unfortunately PayPal does not allow clients of certain countries to accept PayPal payments so making it useless to the Forex traders from such countries. Have a look at their website if you are affected.