STICPAY, a global e-wallet provider and payment gateway, has
announced a strategic partnership with MetaTrader 5 (MT5). The integration
allows brokers using MT5 to process payments through STICPAY’s services.

MT5 Brokers Gain STICPAY Payment Access

“The global online trading platform market has surged
in recent years as technological advances have made trading accessible to more
people. We’re excited to be part of this growing sector and especially pleased
to have entered into a partnership with a platform as popular and highly
regarded as MT5,” Sean Park, STICPAY CEO, commented.

With this integration, brokers on MT5 can use STICPAY’s
built-in payments service without additional API integration. Brokers already
connected to MT5 only need to sign a contract to access STICPAY’s e-wallet and
its payment aggregator, STIC Direct. Payments will be available on both mobile
and online devices.

MT5 is an online trading platform that enables users to
trade forex, stocks, and futures. It is a product of MetaQuotes and is widely
used, with over 8 million active accounts across more than 180 countries.
Traders can register for a demo account directly on MT5, but live trading
requires a brokerage that offers the platform.

“We believe the breadth of our payments offering will
appeal to brokers on MT5 as it will allow them to cater to a huge number of
traders all over the world,” Park added.

Online Trading Market Expected to Grow

The online trading platform market was valued at $10.2
billion in 2024, according to Grand View Research. The market is expected to
grow to $15.6 billion by 2030. The research attributes the rise to an increase
in retail investors since the COVID-19 pandemic. It also notes that
cost-effectiveness and AI-driven advancements may contribute to further market
expansion.

STICPAY’s e-wallet allows users to make payments using their
available balance. STIC Direct supports multiple payment methods, including
credit cards, alternative payment methods, local bank transfers,
cryptocurrency, and e-wallet payments.

This article was written by Tareq Sikder at www.financemagnates.com.

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