A notable e-wallet service and payment gateway has officially partnered with the MetaTrader 5 (MT5) trading platform, enhancing the payment processing experience for users. This collaboration aims to simplify the payment transactions for brokers operating on the platform, allowing them to efficiently send and receive payments through MT5’s integrated payment features.
Traders registering for a demo account on MT5 will find that they can only start trading with a brokerage that utilizes the MT5 system. Once the integration with the e-wallet service is complete, brokers associated with MT5 can begin using the e-wallet for transactions without the need for extensive API integration. The process is streamlined; brokers only need to finalize a contract to start leveraging both the e-wallet and the associated payment aggregator service, which can manage payments through various devices, whether mobile or online.
The e-wallet provides users the convenience of transacting directly from their account balance, while the associated payment service supports a range of payment options, including credit cards, alternative payment methods (APMs), local bank transfers, cryptocurrencies, and other e-wallet services.
The CEO of the e-wallet company expressed enthusiasm about entering the online trading sector, highlighting the platform’s reputation and popularity. With a significant rise in technological advancements making trading more accessible globally, this partnership positions the e-wallet as a valuable resource for brokers needing comprehensive payment solutions to meet the demands of a diverse and growing trader population.
Industry analyses indicate that the online trading market is on an upward trajectory, with a valuation of $10.2 billion in 2024 projected to increase to $15.6 billion by 2030. The growing retail investor base, notably during and post-COVID, is a contributing factor to this growth. Additionally, ongoing improvements in cost-effectiveness and advancements in artificial intelligence are expected to further propel the online trading sector.
The e-wallet service serves a diverse client base, providing local and international payment solutions to over one million users and 5,000 companies in more than 160 countries. It facilitates currency transfers through various channels, including bank wires, credit cards, and local payment options, making it a reliable partner for online businesses and individual users alike, especially those dealing in non-major currencies.
This integration with MT5 offers both a strategic opportunity for the e-wallet and a powerful solution for brokers looking to enhance their payment capabilities. With the demand for efficient online trading solutions increasing, the collaboration is poised to benefit a wide array of users and contributors in the online trading space.