The FinancialSTICPAY has unveiled a new cashback service designed to benefit customers trading with Forex and CFD brokers.
Named STIC Cashback, this new service allows customers to receive cashback when engaging with a broker partner through STIC Cashback. The cashback amount is based on the customer’s trading volume.
Exclusive Benefits Through STIC Cashback
Customers can choose a broker through STIC Cashback to enjoy exclusive benefits. Cashback is automatically credited according to the schedule set by each broker and is guaranteed to be paid as STIC Cashback, not by the broker, settling the payment.
By partnering with their chosen broker through STIC Cashback, customers benefit from STICPAY’s lower transaction fees, cashback benefits, and exclusive promotions, which are not available when trading directly with the broker.
New STIC Cashback customers signing up before July 31st can also receive a $10 bonus.
Over 20 FX/CFD Brokers Partnered with STIC Cashback
The new STIC Cashback service has teamed up with over 20 leading global brokers, including Exness, XM, FXGT, Justmarkets, FxPro, AvaTrade, and FinPros. This partnership offers traders a safe, streamlined, and reliable cashback service through membership in the STIC Cashback community.
The launch of STIC Cashback coincides with the retail forex trading market’s strong growth, driven by the rise of smartphones and the development of emerging market middle classes. Global daily forex trading has reached approximately $7.5tn, with retail trading estimated to account for about 5.5% of that.
Sean Park, STICPAY CEO, said: “Our forex cashback service is a gamechanger for those customers seeking extra value and benefit from their everyday trades. By simply partnering with their chosen broker through STIC Cashback, they can unlock a world of benefits that wouldn’t otherwise be accessible – and all though a safe, reliable and reputable platform.”
STICPAY Secures Labuan and Mauritius Licenses
STICPAY has recently acquired two new financial services licenses, enabling it to extend its services to clients in over 200 countries.
In Malaysia, STICPAY has been granted a Labuan Financial Services Authority license and has been registered as a money brokering and payment system operator compliant with Labuan IBFC laws. This license allows STICPAY to provide services to developing markets across Southeast Asia.
In Mauritius, STICPAY has been granted a Financial Services Commission (FSC) license and registered as a payment intermediary service. This license enables STICPAY to operate as an online Payment Service Provider (PSP) from Mauritius, accepting electronic payments through various methods, including credit cards, direct debit, bank transfer, and real-time transfers based on E-banking.
With the addition of the Labuan and Mauritius licenses, STICPAY now operates with three licenses, having previously acquired a UK Financial Conduct Authority (FCA) license in 2019. Equipped with these three licenses, STICPAY can now serve clients across more than 200 countries through its flexible e-wallet and payment gateway services.