A new collaboration has emerged between a prominent e-wallet service provider and the renowned MetaTrader 5 (MT5) trading platform, enabling streamlined payment processing for traders. This strategic integration allows brokers utilizing MT5 to easily manage transactions through the newly implemented payment gateway.
Traders can register for a free demo account directly on MT5, but live trading can only be conducted through a brokerage that offers the platform. With the recent integration, brokers connected to MT5 can effortlessly transmit and receive payments by utilizing STICPAY’s services. Notably, brokers already integrated with MT5 will not need to undertake any additional API integrations; they simply need to sign a contract to activate the services of STICPAY and its payment aggregator, STIC Direct.
Both mobile and online payment accessibility will be available, making it convenient for brokers and their clients. The e-wallet functionality enables payments from the user’s e-wallet balance, while STIC Direct incorporates a full range of payment options, supporting credit cards, alternative payment methods, local bank wires, cryptocurrencies, and e-wallet transactions.
The CEO of the e-wallet service expressed enthusiasm about the partnership with MT5, acknowledging the expanding global online trading market. This sector has experienced notable growth due to advancements in technology that have enhanced accessibility for traders. The executive highlighted confidence that the variety of payment methods offered will be attractive to brokers on the MT5 platform, allowing them to serve a diverse trader demographic worldwide.
Market research underscores the opportunities in the online trading sector, revealing it was valued at $10.2 billion in 2024 with projections to reach $15.6 billion by 2030. The upsurge in retail investors, particularly during and following the COVID-19 pandemic, substantially contributed to the market’s rapid expansion. Factors such as cost effectiveness and technological advancements, including artificial intelligence, are expected to further propel growth in this industry segment.
As a notable player in the payments landscape, the e-wallet service has established a global presence, facilitating various payment methods for over one million users and 5,000 corporate clients across more than 160 countries. This platform empowers users to conduct currency transfers via bank wires, credit cards, and local payment solutions, while also ensuring secure international transactions for online merchants catering to global clientele. Additionally, it offers a fast and secure transfer service for individual users, including those dealing in less widely adopted currencies.
All these developments indicate a strong push towards enhancing the efficiency of payment systems in the trading sector, reflecting the growing demand for integrated financial services in an increasingly digitized marketplace. With the seamless integration of these payment services into the MT5 platform, traders can look forward to improved transaction experiences in their trading activities.