Sticpay Brokers 2022 - Which Brokers Accept Sticpay?
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 2022.
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
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.
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.
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 2022, including XM, Tickmill, FBS, LandFX, and Axiory.
Sticpay caters to its global userbase 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.
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.
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.
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
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.
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.
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 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.
Deposits & Withdrawals
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.
Fees vary by deposit and withdrawal method:
- 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%
- 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.
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.
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:
Is Sticpay A Good Choice For Traders?
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.
Is Sticpay Available In South Africa?
Yes, Sticpay global e-wallet services are available to traders based in South Africa.
How Do I Withdraw Money From My Sticpay Account?
To make a withdrawal, select ‘Money Out’ on the menu and then navigate to the relevant submenu dependent on which withdrawal method you would like to use. Choose between domestic bank transfer, international bank transfer and withdrawal via cryptocurrencies. Withdrawal options may vary between countries.
Can I 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.
How Do I Apply For A Sticpay Card?
To apply for a Sticpay card, simply submit a copy of your passport to email@example.com and request a card. Card requests are usually processed within 1 business day.
Is Sticpay Secure?
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.