Best Sticpay Brokers 2024
Sticpay is a global money transfer service with a focus on Asian markets. The e-wallet provider partners with many merchants, along with top forex brokers to provide efficient and secure international payments. Our review explores the benefits of trading with Sticpay, including its key features, such as the prepaid ATM bank card, account set-up and login, plus deposit and cashback options. We also list the best brokers that accept Sticpay deposits in 2024.
Best Sticpay Brokers
These are the best 5 brokers with Sticpay, based on our analysis:
Sticpay Brokers Comparison
| Broker | Minimum Deposit | Instruments | Platforms | Leverage | Visit |
|---|---|---|---|---|---|
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$5 | CFDs, Multipliers, Forex, Stocks, Indices, Commodities | Deriv Trader, MT5 | 1:1000 | Visit |
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$0 | CFDs, Forex, Stocks, Indices, Commodities, Crypto | MT4, MT5, cTrader, TradingView, DupliTrade | 1:500 | Visit |
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€100 | CFDs, Forex, Stocks, Cryptos, Commodities | MT4, MT5, TradingView | 1:30 | Visit |
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$100 | Forex, CFDs, indices, shares, commodities, cryptocurrencies | MT4, MT5, cTrader | 1:400 (CIMA), 1:30 (MFSA) | Visit |
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$50 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Crypto | AppTrader, ProTrader, MT4, MT5, TradingView, TradingCentral | 1:1000 | Visit |
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$10 | Forex, CFD indices, commodities | MyAxiory App, MT4, MT5, cTrader, AutoChartist | 1:1000 | Visit |
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$5 | Forex, CFDs, Indices, Shares, Commodities, Cryptos | MT4, MT5 | 1:1000 | Visit |
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$1 | CFDs, Forex, Stocks, Cryptos, Commodities | MT4 | 1:2000 | Visit |
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$5 | CFDs on Forex, Stocks, Indices, Metals, Energies | MT4, MT5 | 1:1000 | Visit |
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$1 | Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures | MT4, MT5 | 1:3000 | Visit |
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$5 | Forex, Metals, Energies, Indices, Stocks | MT5 | 1:1000 | Visit |
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$50 | CFDs, Stocks, Indices, Forex, Metals, Energies, Cryptos | MT4, MT5 | 1:500 | Visit |
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$50 | CFDs on Forex, Commodities, Cryptos & Indices | MT4, MT5 | 1:500 | Visit |
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$100 | CFDs, Forex, Precious Metals, Stocks | MT4, MT5 | 1:1000 | Visit |
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$25 | Forex, CFDs, Indices, Shares, Metals, Cryptos | Allpips, MT4 | 1:500 | Visit |
#1 - Deriv.com
Why We Chose Deriv.com
Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs, multipliers and more recently accumulators, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.
"Deriv.com will suit day traders looking to make fast-paced trades using CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock. "
- DayTrading Review Team
- Instruments: CFDs, Multipliers, Forex, Stocks, Indices, Commodities
- Regulator: MFSA, LFSA, VFSC, BFSC
- Platforms: Deriv Trader, MT5
- Minimum Deposit: $5
- Minimum Trade: 0.01 Lots
- Leverage: 1:1000
Pros
- The low $5 minimum initial deposit suits those on a lower budget
- Beginners and experienced day traders can access a good range of 20+ technical indicators in Deriv Trader vs 30+ in MT5
- Traders can use multipliers between 1 and 30, with take profit, stop loss and deal cancellation parameters
Cons
- There are limited copy trading tools and analysis features compared to alternatives like IQ Cent
- There's no loyalty program or rebate scheme for high volume traders
- The range of 100+ assets trails some competitors such as Quotex which offers 400+
#2 - Fusion Markets
Why We Chose Fusion Markets
Fusion Markets is an online broker established in 2017 and regulated by the ASIC, VFSC and FSA. It is best known for its low-cost forex and CFD trading, although its multiple account types and copy trading solutions cater to a range of traders. New clients can sign up and start trading in 3 easy steps.
"Fusion Markets is a standout option for forex traders looking for excellent pricing with spreads near zero, industry-low commissions and recently TradingView integration. It’s a particularly good broker for Australian traders where the company is headquartered and regulated by the ASIC."
- DayTrading Review Team
- Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto
- Regulator: ASIC, VFSC, FSA
- Platforms: MT4, MT5, cTrader, TradingView, DupliTrade
- Minimum Deposit: $0
- Minimum Trade: 0.01 Lots
- Leverage: 1:500
Pros
- The market analysis features, Market Buzz and Analyst Views, are great tools for discovering opportunities and conveniently integrated into the client dashboard.
- The range of charting platforms and social trading features is excellent, with MT4, MT5, cTrader and more recently TradingView, catering to a wide range of trader preferences.
- Fusion Markets continues to impress with its pricing that provides tight spreads with below-average commissions that will appeal to active day traders.
Cons
- While the selection of currency pairs trumps most rivals, the broker's alternative investment offering is average with no stock CFDs beyond the US.
- Fusion Market trails alternatives, notably eToro and IG, in the education department with limited guides and live video sessions to upskill new traders.
- The demo account expires after 30 days, limiting its potential as a useful trading tool alongside a real-money account.
#3 - Easy Markets
Why We Chose Easy Markets
Founded in 2001, easyMarkets is a multi-regulated forex broker offering leveraged trading opportunities on forex, stocks, indices, commodities and crypto. With fixed spreads, an affordable initial deposit, regulation from several reputable bodies and a diverse selection of account currencies, this broker provides simple and straightforward trading solutions to a diverse range of traders.
"Casual traders who want a secure and straightforward trading environment will find a good broker in easyMarkets. The fixed spreads and upfront fees will also appeal to newer traders and cost-conscious investors."
- DayTrading Review Team
- Instruments: CFDs, Forex, Stocks, Cryptos, Commodities
- Regulator: CySec, ASIC, BVI, FSCA
- Platforms: MT4, MT5, TradingView
- Minimum Deposit: €100
- Minimum Trade: Variable
- Leverage: 1:30
Pros
- High-quality day trading software is available including TradingView, with 100+ overlays and indicators, plus deep market insights
- There’s a wide range of free research tools and news feeds available in all the broker's platforms
- easyMarkets is regulated by top authorities including the CySEC and ASIC, and has a strong 20+ year history
Cons
- There is no VPS service for seasoned algo traders looking to run their automated strategies 24/7
- There's no copy trading service for beginners looking to follow successful strategies, or for experienced traders looking to sell their own strategies
- The broker doesn’t offer any raw-spread or cent account options, which puts it behind top competitors like Vantage
#4 - Tradeview
Why We Chose Tradeview
Tradeview is an offshore forex and CFD broker based in the Cayman Islands and regulated by CIMA. Traders can access over 5000 instruments with a minimum deposit of $100. There are several third-party platforms on offer, including MetaTrader 4 (MT4) and cTrader.
"After exploring the broker, I think Tradeview is a good choice for experienced traders looking for a no-frills brokerage service with rapid ECN execution, tight spreads and feature-rich software. Conversely, with the lack of top-tier regulation and educational materials, beginners may want to look elsewhere."
- DayTrading Review Team
- Instruments: Forex, CFDs, indices, shares, commodities, cryptocurrencies
- Regulator: CIMA, MFSA
- Platforms: MT4, MT5, cTrader
- Minimum Deposit: $100
- Minimum Trade: 0.01 Lots
- Leverage: 1:400 (CIMA), 1:30 (MFSA)
Pros
- The main thing that stands out for me is the wide range of platforms available at Tradeview, including the MetaTrader terminals, cTrader and Currenex, plus several software options for the broker’s real stocks trading service
- I found a decent range of payment methods available at Tradeview, with no deposit fees and same-day processing times
- My tests uncovered a strong range of 60+ currency pairs, which is above the industry average and should allow serious forex traders to explore plenty of opportunities
Cons
- A key drawback for me is the lack of top-tier regulatory oversight. The broker’s offshore regulation with CIMA may mean that traders won’t receive robust fund protection measures. They are however, looking to bolster this area in the near future.
- I was a little disappointed to find a $35 fee for bank wire withdrawals and a 1-1.5% fee for Skrill and Neteller
#5 - Moneta Markets
Why We Chose Moneta Markets
Moneta Markets is a regulated multi-asset broker offering an excellent suite of 1000+ short-term instruments. There are no deposit fees and the minimum deposit is accessible at $50. The account opening process is also straightforward, taking just a few minutes to sign up and start trading. More than 70,000 traders have signed up with the ASIC, FSCA and FSA-regulated brokerage.
"Moneta Markets is a great pick for users looking to trade a wide range of markets with 1000+ instruments and high leverage up to 1:1000. Access to the powerful MT4 and MT5 platforms will also appeal to seasoned day traders."
- DayTrading Review Team
- Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Crypto
- Regulator: FSCA, ASIC, FSA
- Platforms: AppTrader, ProTrader, MT4, MT5, TradingView, TradingCentral
- Minimum Deposit: $50
- Minimum Trade: 0.01 Lots
- Leverage: 1:1000
Pros
- Award-winning customer support is available 24/7 via multiple channels
- Access to top-tier charting platforms including MetaTrader 4 and MetaTrader 5
- The $50 minimum deposit is very accessible for beginners
Cons
- The broker's offshore regulation weakens legal safeguards for some traders
- You have to deposit $500 to access the best educational materials
- The demo account expires after only one month
Note: Sticpay has no affiliation with STC Pay.
What Is Sticpay?
Sticpay is a global e-wallet service used for peer-to-peer transfers, online purchases and trading activities. The company has a presence in over 190 countries, including Canada, Sweden, and France and supports payments in 29 currencies including USD.
Sticpay is particularly popular with financial institutions in APAC countries, such as Malaysia, China, South Korea, the Philippines, and Indonesia. The company is also legitimately authorized to operate within the EEA under the regulation of the FCA.
Benefits Of Trading With Sticpay
Easy Registration
To sign up for an iwallet account, clients need to submit proof of identity and their residential address. The process is quick and easy with applications usually processed within one business day. The platform negates the need for a lengthy application, helping individuals to start trading quickly.
Multiple Deposit Options
Sticpay accepts deposits via credit/debit cards, bank wire transfers, cryptocurrencies, and UnionPay. These can be accessed via the ‘money in’ section of a client’s account. The payment gateway’s base currency is USD, however, this default can be changed, unlike Skrill or Neteller e-wallet solutions.
Mobile App
Sticpay offers a convenient and safe mobile app. The mobile interface is user-friendly and offers all of the platform’s key features.
The app can be downloaded to iOS and Android (APK) devices which means traders can view transactions while on the move. This is a useful feature for individuals who already trade the financial markets from their mobiles.
Availability
You can find the Sticpay logo on numerous global brands and trading brokerages. It is a safe forex payment gateway bridging trading platforms to individual users via an integrated API. The transaction system supports many forex brokers in 2024, including XM, Tickmill, FBS, LandFX, and Axiory.
Multi-Currency
Sticpay caters to its global user base by offering multi-currency settlement for customers as well as instant international transfers. 33 fiat currencies are supported as well as four cryptocurrencies. For reference, Neteller supports 27 and Skrill, 40.
Account Tiers
Whilst some e-wallet providers charge users to access more premium services such as increased transaction limits and prepaid card access, Sticpay adopts a single tier system. This means all users can enjoy equal access to functionalities.
STIC CARD
A free-of-charge prepaid virtual card can be used globally. Clients can transfer funds from a Sticpay account, spend offline or withdraw from international ATMs. Visit the Stic Card section of the company’s website for more information including minimum fees and daily withdrawal limits.
Additional Features
The company is good at keeping its clients up to date with the latest news. Regular posts are published on the payment gateway’s website, along with posts via the @STICPAY Twitter account, where a comment utiliser is enabled.
Cons Of Trading With Sticpay
Fees
Traders may be charged for both deposits and withdrawals. Prices vary from broker to broker but take note, these charges can quickly cut into profits. The platform faces competition from cheaper alternatives. See below for further details on payment fees.
Excluded Countries
Some countries do not allow clients to use the Sticpay system. Traders from the USA, Côte d’Ivoire and Zimbabwe, for example, will not be able to register for a payment account and make deposits.
No Transfer Cancellations
Sticpay does not offer refunds or payment cancellation of any funds deposited into client accounts. All payments are final and irreversible.
Speed Reviews
Deposits and withdrawals are processed within 1 minute regardless of location. Note that your broker may have their own processing times which may cause a slight delay in funds reaching your trading account. In general, though, top forex brokers process deposits instantly and pay out profits within a few business days.
Security
Security features are robust with safe account login via password inscription. Traders that register should be reassured by the anti-fraud features and security verification measures, including segregating client funds with KYC checks on both merchants and individuals.
Sticpay also follows strict anti-money laundering policies, verifying client transactions with advanced technology solutions. The firm only acts as a payment solution to those merchants that comply with the regulatory laws of the countries in which they operate.
Note, funds and activities of clients in the EEA are covered under the Financial Ombudsman Service.
How To Deposit Using Sticpay
A Sticpay account lets you easily deposit and withdraw funds with multiple merchants. The minimum deposit is $100 or equivalent. Clients must access the ‘money in’ section of their account to select relevant deposit methods.
Withdrawals are processed within one day. The minimum amount is $10, or $100 for bank withdrawal. Clients must access the ‘money out’ logo via the Bank Account tab to request a withdrawal.
Sticpay also offers a domestic bank wire feature. This can help save the time and fees associated with using an intermediary bank partner. The service is established in 10 countries including the Philippines.
Charges
Fees vary by deposit and withdrawal method:
Deposits
- Credit and debit cards, including Visa and MasterCard – up to 3.85%
- International bank wire – 1%
- Local bank wire – 2%
- UnionPay – 5%
- Bitcoin – 1%
- Litecoin – 1%
Withdrawals
- International bank wire – up to 5%
- Local bank wire – varies by country
- Union pay – 2%
- Stic credit card – 1.3%
- Bitcoin – 1.2% + $3
- Litecoin – 3%
Internal transfer fees may also be charged by your FX broker. Sticpay does not apply inactivity fees vs ecoPayz’s $1.79 charge after 12 months. The firm does, however, charge a 1% transaction fee for member-to-member transfers. Member-to-merchant fees are charged at 2.5% + a $0.3 transaction fee.
Sticpay’s fee structure is not the most competitive. For example, Skrill users are charged just 1% for Visa and Mastercard payments, compared to 3.85% on Sticpay. With that said, the company does offer greater flexibility than other e-wallets via multi-currency accounts.
Rewards
Sticpay offers cashback services to clients using the platform to fund active trading accounts. Rewards are based on trading volume. Brokers affiliated with Sticpay’s cashback services include HotForex, XM, and JustForex. Check the cashback terms for your broker as they may vary.
Customer Care
To get in touch with the customer team at Sticpay visit Support on the website. The team generally responds quickly and can assist with a range of queries. Users can submit a ticket or alternatively, send an email to the relevant team:
- account@sticpay.com
- merchant@sticpay.com
- funds@sticpay.com
- affiliate@sticpay.com
Is Sticpay Good For Day Trading?
Sticpay offers a fast and secure payment solution operating across global merchants with simple account creation, 24-hour customer service support, a mobile app, and a pre-paid card option. On the downside, the platform does charge deposit and withdrawal fees which can erode profits.
It is worth noting that the platform’s fee structure is not the most competitive in the market but it does outstrip its competitors when it comes to flexibility and accessibility. Sticpay services are also limited in some countries so ensure your desired funding methods are available where you are based and check that your broker accepts the platform as a viable funding option.
FAQ
Is Sticpay Safe To Use In My Trading Account?
Sticpay implements advanced KYC and AML checks to enhance platform security. The company is legitimate, registered under Coopertoby Ltd, and, regulated by the Financial Conduct Authority in the UK. Sticpay is a trusted money transfer operator used by many global merchants including well-known trading brokers.
Can Traders Use Sticpay In India?
Yes, traders based in India can transfer funds locally and internationally. ISticpay accepts customers from most global locations, including the UK, Zambia, India, Nigeria, Argentina, Bahrain, Ecuador, Vietnam, Bangladesh, Kenya, Gabon, Guatemala, Nepal, Senegal, Tanzania, Costa Rica, South Africa, UAE, and many more. Note, some countries including USA do not permit the use of Sticpay.
Is Sticpay Available For Traders In South Africa?
Yes, Sticpay global e-wallet services are available to traders based in South Africa.
Which Brokers Offer Sticpay?
Several top-rated brokers support Sticpay deposits and withdrawals, though this can vary depending on your location. Notable firms include Deriv and Fusion Markets. You can refer to our list of top Sticpay brokers to find out if the payment method is available in your jurisdiction.