Best STICPAY Brokers 2024
STICPAY facilitates easy and safe deposits and withdrawals to and from trading accounts. The e-wallet provider focuses on providing swift and seamless financial transactions with a specific interest in the trading sector. This review lists the top CFD and forex brokers that accept STICPAY deposits. Our guide also unpacks sign-up details, account fees, money transfer limits, plus popular FAQs.
STICPAY Brokers
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Established in 2001, easyMarkets has made for a name for itself as a trusted, fixed spread broker. Improvements to its tools over the years, from adding the MetaTrader suite and TradingView to enhancing its exclusive risk management tools like dealCancellation, mark it out from the competition.
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Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.
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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.
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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.
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M4Markets is an award-winning broker regulated by the CySEC, FSA and DFSA. Although relatively new, the broker continues to improve its offering with a range of innovative tools, platforms and accounts. Beginners can start with just $5, whilst experienced investors can access leverage up to 1:5000.
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Errante is a Cyprus-based and regulated forex and CFD broker with leveraged trading on multiple assets, tiered accounts including a zero-spread option, and copy trading support. The broker offers leveraged trading up to 1:30 under its CySEC-regulated branch and 1:500 from an offshore branch, and supports the MetaTrader 4 and MetaTrader 5 platforms. Errante's asset list is relatively limited but it does offer fast execution and low latency, and it is a trustworthy brand.
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Baxia Markets is an offshore CFD broker that offers trading on forex, commodities and indices with tight spreads on a straight-through processing model with ultra-low latency. Trade on MetaTrader 4 or MetaTrader 5 with leverage up to 1:500 and no restrictions to scalping or hedging strategies. Users also benefit from third-party copy trading services.
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Anzo Capital is an offshore broker that offers leveraged CFDs on 100+ instruments including forex, stocks, indices and metals. The MetaTrader 4 and MetaTrader 5 platforms are supported, and traders can choose between an STP account with spreads starting from 1.4 pips and zero commission, or an ECN account with a $4 round-turn commission and spreads from zero. A decent range of payment methods are accepted, including crypto deposits.
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AdroFx is an offshore ECN/STP broker that has offered CFD trading since 2018. The firm supports 100+ tradable assets on the popular MetaTrader 4 platform as well as a web trader, Allpips. Eight live accounts are available with no restrictions on trading strategies.
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Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist.
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Infinox is a UK-based and FCA-regulated broker that offers diverse trading products thanks to its STP and ECN account types and support for MetaTrader 4, MetaTrader 5 and a proprietary platform. Clients can also benefit from a free VPS that can support automated strategies and a social trading platform, catering to both beginner and seasoned traders.
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Established in 2013, SuperForex is an offshore CFD and forex broker offering highly leveraged trades on 400+ instruments via the popular MetaTrader 4 platform. The broker has gained clients in over 150 countries and is regulated by the Belize IFSC. With a range of STP/ECN account types, including swap-free, micro and zero spread, this broker continues to suit traders with different styles and setups. SuperForex also offers a range of welcome bonuses and trading contests.
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Amega is an offshore STP broker offering CFD trading fon forex, stocks, indices and commodities with very high leverage up to 1:1000 and a zero-commission pricing structure. Traders access markets through the MT5 platform and can test the broker's services through a demo account.
About STICPAY
STICPAY is a London-based company that has expanded its services globally across Europe, Australia and Asia. It is used for customer-to-customer transfers, transactions to merchants, and to fund online trading.
STICPAY partnered with M4Markets in 2021 specifically so they could focus on making their service suitable for retail trading, giving UK investors a range of supported trading platforms to choose from. This is a part of their growth plan as they expand into other sectors and industries, and means that they are now more ideal for traders than ever before.
STICPAY is present in more than 190 countries and supports 29 national currencies including GBP. The company is legally authorised by the EEA and is regulated by the FCA.
Trading Times
STICPAY offers instant transactions for online trading just like PayPal, Neteller or Skrill. This means most brokers that accept STICPAY deposits, such as XM and FXChoice, facilitate immediate account funding with the payment solution.
Withdrawals are usually processed within a few hours once the broker has verified and approved the payment request. Note, some STICPAY brokers will require that you submit copies of your ID documents in line with KYC and AML protocols. This can cause delays, so expect to wait up to several working days to receive any profits.
Payment Fees
The fees that you will be charged for using STICPAY for trading vary depending on the broker that you choose. Both XM and FXChoice, for example, offer fee-free funding with the payment solution.
However, in terms of using STICPAY itself, a different set of fees will be charged:
Depositing Money Into STICPAY
- International bank wire – 1%
- Local bank wire – 2%
- Credit and debit cards – up to 3.85%
- UnionPay – 5%
- Bitcoin – 1%
- Tether – 1%
- Litecoin – 1%
Withdrawing Money From STICPAY
- International bank wire – up to 5%
- Local bank wire – varies by country
- Union pay – 2%
- Stic credit card – 1.3%
- Bitcoin – 1.2% + $3
- Tether – 3%
- Litecoin – 3%
There is also a 1% fee charged on client-to-client transfers.
These fees are not the highest on the market, but they are also not the lowest. This means that in terms of value for money, there are better e-wallet options out there to handle your trading funds, including PayPal.
Pros Of STICPAY For UK Traders
- Speed – In the fast-paced online trading world, efficiency is everything. The forex market, for example, is open around the clock and prices move quickly, so traders need to be able to effectively and quickly get money into their trading account. STICPAY allows traders to transfer funds into their accounts instantly, which is perfectly suited to online trading.
- Low Fees – Due to the fact that it is an e-wallet, the transaction fees for STICPAY are low. The price is comparatively lower than bank wire fees or money transfers made through other means, and therefore traders can keep more of their trading profits.
- Global E-Wallet – STICPAY is used in over 190 countries, supports 29 currencies (including GBP) and has 19 language options, making it one of the most accessible e-wallets out there. It also has partnerships with some of the top forex platforms, so traders have multiple STICPAY brokers to choose from.
- Range of Payment Options – The solution offers various ways to deposit and withdraw funds such as Visa, MasterCard, Wire Transfer, UnionPay, and Cryptocurrency.
Cons Of STICPAY For UK Traders
- Regional Restrictions – STICPAY is available all over the world, but some countries are excluded from its use such as the USA and Zimbabwe. This means UK traders will struggle to deposit funds with brokers based in these locations.
- Potential Charges – Traders may incur fees for deposits and withdrawals when using STICPAY – from the payment provider itself, plus some supporting brokers. Use our list of the best low-cost STICPAY brokers to minimise charges.
How To Make STICPAY Trading Deposits & Withdrawals
The first step towards using STICPAY for deposits and withdrawals in trading is to open a STIC account online. This only takes a few minutes and immediately displays all of your payment information. Next, you can make a deposit into your STIC account using payment methods like credit and debit cards, bank wire and crypto.
From here, you can link your STIC account to your online broker by selecting STICPAY as an option when you go to deposit money. Before doing this, ensure that the broker accepts STICPAY as a payment method and that there aren’t any large fees for depositing and withdrawing money.
It is worth noting that some brokers that accept STICPAY will only let you withdraw the amount into your payment account that you deposited into it in the first place.
The minimum deposit is $100 or the equivalent in your currency, and the minimum withdrawal is $10.
Security
The update to STICPAY comes with enhanced anti-fraud features that help to protect your funds when trading online. Registration also comes with rigorous Know Your Customer (KYC) and Anti Money Laundering (AML) checks so you can be sure that the platform is safe to use. The firm also has in-built security features such as encryption capabilities, biometric protection and device recognition.
Furthermore, they are authorised to operate within the EEA which has strict rules on financial regulation, and they are also regulated by the FCA.
It is also important that you check any prospective STICPAY brokers are registered and regulated by the leading financial regulatory authority in the UK. This will further ensure that you are protected against scams and loss of funds through measures like segregated funds and negative balance protection.
Customer Support
The customer support offered by STICPAY is available 24 hours a day, 7 days a week. The company offers this because they are aware that the forex market remains open all day long, and therefore their ethos is that traders who run into trouble should be able to sort out issues promptly.
You can reach out to customer service via the following email addresses:
- account@sticpay.com
- funds@sticpay.com
Note, the best STICPAY brokers also offer responsive customer support who can advise on deposit and withdrawal problems.
Should Traders Use STICPAY?
Overall, STICPAY is a good payment method for funding your online trading account. It is one of the most accessible e-wallets and is accepted in almost every country, including the UK, as well as supporting 29 currencies, including GBP. But what makes STICPAY stand out against other e-wallets is that they have made specific moves in the retail investing world to cater to the needs of online traders. Just make sure you check for what can be high usage fees.
Head to our ranking of the top brokers that accept STICPAY deposits to start trading.
FAQ
Is STICPAY Good For Online Trading?
Yes – STICPAY is a decent deposit and withdrawal option for online traders. It is supported by a good list of forex and CFD brokers, offers fast account funding, plus some trading platforms cover any processing fees.
Can STICPAY Be Used For Trading?
STICPAY is an e-wallet solution that has been specifically adapted for online trading as well as having options for sending money, and for merchants to use too. It is available to UK traders with straightforward sign-up instructions and account options.
How Do I Use STICPAY For Trading?
First, finds brokers that accept STICPAY deposits. We have compiled a list of the top STICPAY brokers.
To deposit money, select STICPAY in your trading platform’s cashier portal, enter how much you would like to transfer, and complete any on-screen security prompts.
Is STICPAY A Trustworthy Payment Method For Online Trading?
Yes – STICPAY is highly regulated within the EEA and is also regulated by the FCA. With that said, it is also worth signing up with trusted STICPAY brokers that hold a license with the UK’s FCA.