E-wallet provider STICPAY is signing a partnership agreement with online broker M4Markets, which provides trading services on Forex, commodities and indices.
The move is part of a recent drive to increase the choice of platforms STICPAY clients can use to conduct forex, shares and commodity trades. STICPAY’s customers will be able to use its e-wallet to deposit and withdraw funds and conduct trades from anywhere in the world.
The e-wallet, which incorporates enhanced anti-fraud features to protect customers’ funds, gives faster transfer payments than international bank transfers and users only pay deposit and withdrawal fees, with transfer fees covered by the merchant.
The deal comes against a strong rise in Forex trading – primarily corporate brokers – that went up 40% in 2020 in day-to-day trading volume compared to the past decade.
This new deal is the latest in a line of partnerships that London-based STICPAY has sealed recently to build-up its established customer base across European, Australian and Asian markets, which includes strong growth in South Korea, China and Thailand.
The fintech firm currently offers 33 wallets for both local fiat and crypto currencies, which include payment methods such as Visa and Mastercard, bank wire and local bank wire transfer in Asian countries.
M4Markets is one of the fastest growing regulated Forex and CFD with a multi-asset offering and a focus on trader experience. M4Markets offers low spreads and no requotes, segregated trust accounts and is regulated by the Financial Services Authority (FSA) in the Seychelles.
M4Markets executive director Deepak Jassal comments: “STICPAY offers efficient, quick and seamless access to funds for our users to conduct the trades they want from anywhere in the world. I’m sure the STICPAY wallet will be very popular with our clients.”
STICPAY’s client service director James Bay says: “The M4Markets partnership shows that we are committed to offering clients the widest choice of platforms to conduct their trades.”