Options Trading Tutorial

Do any brokers let you use Paypal to buy stocks and options?

I would like to buy stock online but would prefer Paypal to any other money transfer system. Is this possible?

Public Comments

1. Sorry, but no. To buy stocks/options, you need to have the money on deposit at the brokerage. Technically, you have 3 days to "settle" the transaction, but most want it "on hand". I usually transfer money to/from my brokerage & bank account using ACH transfers. This is the same system used for electronic checks, etc. Very safe & secure. You can also use Fed Wire. This is a virtually instantaneous system used by banks and the Fed for transfers. Most brokers charge a fee for this.