Paperbids Review

Trading Platforms

Available Assets

Funding Options

Company Information



General Information


Founded in 2013, Paperbids is a well-known Forex and CFD broker with a high trust rating and a robust online presence worldwide. It is licensed by the Autonomous Island of Mwali, Comoros Union, under the IBC regulation act 2014 that offers spread betting accounts.
Paperbids offers many live accounts with different minimum deposit requirements, a commission-free account with spreads starting at 0.1 pips on the EUR/USD.
Trading is offered on its powerful, innovative proprietary platform that features numerous technical and fundamental analysis tools. Paperbids also offers excellent education and market analysis materials to start new traders. Although customer service is offered 24/7, it does not provide a live chat support, which is a serious concern by this broker.

Trading Platforms

Mobile Trading Platform

Paperbids offers an excellent mobile trading experience compared to other market makers. Paperbids offers mobile trading apps for Android and iOS.

Proprietary Platform

Paperbids proprietary platform is available via web and mobile apps and is built to address to traders of all experience levels. The broker provides an intuitive interface that helps execute the trades quickly. Unlike most other proprietary platforms, the platform provided by Paperbids is highly customizable.
Other features of the platform include:
-Various technical indicators
-Chart patterns
-Many charts types allow trading directly from the chart
-Economic Calendar

Opening an Account at Paperbids

Paperbids Account Types:
-Main Account ($250-$2500)
-Bronze ($2500-$10,000)
-Silver ($10,000-$50,000)
-Gold ($50,000-$100,000)
-Platinum ($100,000-$500,000)
-VIP accounts (Invite Only)

Paperbids offers a range of corporate and individual accounts, but this time we will focus on opening an individual account:
Choose the country of your residence, then provide an email address and a password.
Paperbids will send you a confirmation code via email; enter this code to proceed.
Choose the account type and preferred base currency.
Fill in your personal idendification details and financial background.
Next, upload documents to verify your identity and residency. Paperbids requires at least two documents to accept you as an individual client:
Proof of Identification – Paperbids accepts all forms of government-issued identity, including passports, national ID cards, driving licenses, and other forms of government-issued identification. The document must be legitimate and include the trader’s full name, date of birth, a clear photograph, the issuing date, and, if applicable, an expiration date. If the document has two sides, both the front and back must be scanned and submitted.
Proof of Address – Proof of residence/address document must be issued in the name of the Paperbids’ account holder within the last 6 months and must contain a trader’s name, current residential address, date of issue, and issuing department.
Once your account is verified, you can move ahead and make your first deposit.
We advise you to read Paperbids’ risk disclosure, customer agreement, and terms of business before you start trading.
Overall, the account-opening process at Paperbids is hassle-free, and accounts are ready to deal within one to two business days.


A trader can fund your account using a credit or debit card or transferring funds from your bank account. Paperbids does not accept checks or cash deposits.
Deposits are free of cost and may take several days to reflect. International bank transfers are charged some withdrawal fees.
Credit/debit card deposits are instant and free. A certain fee is charged for withdrawals by credit card and debit cards, which take a day to process.
Deposits and withdrawals on eWallets (Neteller/Skrill) are also instant and free of cost.
Our team tested a deposit via credit card transfer. It was deposited instantly, we were also impressed that the withdrawal was processed within 24 hours.
In comparison to most other brokers, Paperbids offers an average choice of financing ways, and although deposits are free, particular withdrawal methods are costly. Deposits and withdrawals, on the other hand, are processed faster than with other brokers. It should be noted that withdrawal costs are not imposed at the broker’s end; rather, the intermediaries charge a fee for withdrawals.

Base Currencies

The base currencies available at Paperbids includes USD, GBP, EUR, AUD, and CAD. Having accounts denominated in GBP suits British traders who will likely have GBP bank accounts. British traders will therefore be able to avoid paying conversion fees unless trading on instruments with other base currencies, such as the EUR/USD.
In this case, Paperbids will require a Currency Conversion Fee on instruments denominated in a currency different from the currency of a trader’s account.

Inactivity Fees

Fortunately, this broker does not charge any account inactivity fees. So, in this sense it has an edge over many top-notch industry competitors.

Trading Instruments

Paperbids offers over 200 trading instruments on all trading accounts. Besides Forex pairs, Papebids offers indices, shares, commodities, cryptocurrencies, and NFT trading.
Forex pairs
Paperbids offers over 39 Forex pairs to trade, including majors, minors, and exotics such as USD/ZAR and ZAR/JPY.
Paperbids offers trading on 9 commodities, including metals, energies, and commodity indices.
Paperbids excels in its share CFD offering, and professional traders looking for a specific instrument will be satisfied. Paperbids offers over 126 share CFDs to trade, including popular tech companies, multinational energy companies, and more.
Paperbids offers cash and futures contracts on over 13 international indices, including the NASDAQ, S&P500, FTSE100, and the Nikkei. This is a broad range of indices compared to other brokers.
Cryptocurrency trading is one of Paperbids’ most popular asset classes, and though cross-cryptocurrency trading is not available, many pairs are available with competitive spreads. USD crypto pairs offered are Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Neo, Ripple, Dash, Monero, EOS, Stellar, Cardano, and Tron.
Overall, Paperbids excels in its range of tradable assets, offering the broadest range and depth of assets available at any other brokers. This is a great advantage for professional traders who may be looking for a specific asset.

Customer Service

Paperbids offers 24/7 customer support via email. Its offices are located in more than 4 regions of the world.
One significant oversight is the fact that there is no live chat feature. Overall, Paperbids’ customer support is substandard compared to what is offered at other similar brokers.


Paperbids’ trading platform is one of the most user-friendly and well-designed web trading systems we’ve encountered. It is highly customizable, and the flexible design allows you to reposition windows and store layouts. You may use the watchlists to monitor the live activity of assets and use the one-click trading feature.
You may use the left-hand sidebar to search for products. You may look for investment opportunities by entering or browsing the asset class categories.
Paperbids offers detailed portfolio and fee information. Your live account’s dashboard displays the key performance and status of your account. By entering the menu, you can visit the ‘History’ page to examine all of your prior transaction expenses and returns.

Research & Education

Paperbids has a competent in-house research team and has partnered with several third-party analysis companies to provide more helpful market analysis than is available at most other brokers. Paperbids is top of the class regarding analysis and research, and all analysis is comprehensive, in-depth, and provided by its in-house analysts and third-party companies.

The economic calendar is fully interactive with impressive depth, features a powerful country comparison function for various economic indicators, and has fully customizable data fields.
Paperbids offers monthly research and fundamental analysis from in-house analysts, and third parties are available for the members. Articles can be filtered by region and asset class. The reports are regularly updated, including quantitative research and important details from annual financial statements.

The Pattern recognition scanner scans over 200+ assets every 15 minutes for emerging and completed chart patterns. A price projection box is appeared to highlight potential price action movement when patterns are complete.

Module linking feature allows you to group different modules so that when you change the product shown in one module, all the other grouped modules automatically update to show the new product. Grouped modules can be linked to the charts and order tickets for fast analysis.

Overall, Paperbids’ trading tools are average compared to other brokers. While the tools available on the proprietary platform are reasonable, it doesn’t offer third-party tools typically seen at other brokers – such as a VPS service or technical tools such as Autochartist.


Paperbids is a safe broker. It is one of the regulated brokers in the industry, with oversight from a single regulator. Paperbids is not listed on any Stock Exchange but offers traders negative balance protection. On this basis, it receives a high trust score.
Local Regulation:
Traders will be trading with Paperbids, which is regulated by the Autonomous Island of Mwali Comoros Union, Mwali international services authority under the IBC regulation act 2014, one of the most well-respected authorities in the world.
Safety Features:
Per regulations, Paperbids separates client funds from its operational funds, submits to regular audits, and provides all its clients with negative balance protection. Paperbids are also required to participate in the regulator’s Financial Services Compensation Scheme, which may cover investments up to a specific limit per person should the company become insolvent.
Paperbids Markets is widely recognized as one of the best brokers in CFD trading. The company was founded in 2013 and opened an office in Kingstown, St. Vincent & the Grenadines.

Pros & Cons, charges hefty stock index CFD costs and has a restricted range of account base currencies. Furthermore, the financial information is not publicly available because the broker is not listed on a stock market. Moreover, the broker does not accept traders from the United States. The minimum deposit of $20 is lower, although not as common as some brokers. Besides that, there are a lot of good things that took our attention.




Paperbids is a large, regulated broker with various accounts that boast competitive spreads and reasonable minimum deposits on the industry’s most extensive range of financial assets. Paperbids offers full support for its proprietary platform, which has a broad range of advanced order management, technical analysis tools, and a built-in news feed. We recommend this broker if you are a beginner, as it is user-friendly and offers demo accounts for trading. Moreover, the broker is ranked as one of the safest brokers for their experience of almost a decade in the industry. The broker has sound customer review based without any negative feedback.