The new service enables customers to receive cashback when they engage with a broker partner through STIC Cashback, with the amount of cashback depending on the customer’s trading volume. Cashback is automatically credited according to the scheduled set by each broker, and is guaranteed to be paid as STIC Cashback, not the broker, settle the payment.

By partnering with their chosen broker through STIC Cashback, customers will benefit from STICPAY’s lower transaction fees and the cashback benefit, as well as exclusive promotions, none of which they would benefit from were they to trade directly with the broker. New STIC Cashback customers can also get a $10 bonus if they sign up to the service before July 31st.

Established by STICPAY, a globally trusted payment company with over a million users in 200 countries, the new STIC Cashback service has partnered with over 20 leading global brokers around the world - including Exness, XM, FXGT, Justmarkets, FxPro, AvaTrade and FinPros - to offer traders a safe, streamlined and reliable cashback service through membership of the STIC Cashback community.

The launch of STIC Cashback comes as the retail forex trading market continues to demonstrate strong growth, driven by the proliferation of smartphones and the development of emerging market middle classes. Global daily forex trading has hit 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.”