Leading global e-wallet service provider and payment gateway STICPAY has announced a new strategic partnership with MetaTrader 5 (MT5).
MT5 is one of the world’s leading online trading platforms, allowing users to buy and sell forex, stocks and futures. It is among the most widely used products of fintech company MetaQuotes, with more than 8 million active trading accounts in over 180 countries.
While traders can register directly with the platform for a free demo account, they can only begin trading using a brokerage that offers MT5. Following STICPAY’s integration with MT5, brokers on the platform will be able to seamlessly send and receive payments via STICPAY using MT5’s built-in payments service.
No additional API integration is needed for brokers already connected to MT5 - they simply need to sign a contract and can then begin using both the STICPAY e-wallet and payment aggregator STIC Direct, with payments accessible on both mobile and online devices.
The e-wallet service allows for payments to be made using the balance available in an e-wallet, while STIC Direct is a comprehensive payment service that supports credit cards, APMs, local bank wire, crypto and e-wallet payments.
Sean Park, STICPAY CEO, said: "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. 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."
According to Grand View Research estimates, the online trading platform market was worth US $10.2 billion in 2024 and this figure is expected to rise to US$ 15.6 billion by 2030. In a recent analysis, the company cited the surge in retail investors during and after COVID as one factor behind the market’s recent growth, and said it expected cost effectiveness and advances in AI to drive significant further growth in this investor segment.