Trading platform developer MetaQuotes and payment service provider Ecommpay have announced that they have entered into a cooperation agreement. From now on, Ecommpay will start servicing built-in payments in MetaQuotes’ popular MetaTrader 5 (MT5) multi-asset trading platform.

The new feature shortens the chain of actions during deposit operations. With Ecommpay payment provider, brokers will receive deposits and make withdrawals directly on the trading platform, while traders will perform the relevant operations without logging into their personal account on the broker’s website. All transactions are securely encrypted and are completely safe.

MetaQuotes CEO Renat Fatkhullin said:

“Traders are able to see for themselves that the MetaQuotes solution is faster, more convenient and safer than those currently available on the market. Ecommpay has become the first to join MetaTrader 5 Payments. For our company, this cooperation opens up new prospects, and we are open to working with other providers.”

Ecommpay offers its customers over 100 different payment methods with more than 100 different currencies, and handles payments in over 150 countries around the world. Among other industries, the company works with a variety of brokers and is regulated by the UK Financial Conduct Authority (FCA). It has more than 10 years of history and the company says it has proven itself as a reliable provider.

MetaTrader 5 Payments service is a free solution which simplifies client onboarding, increases deposit transaction conversions and reduces broker costs. MetaQuotes said that this is an excellent solution for experienced companies and especially startup brokers, who will find it easier to launch their own business without the extra costs of developing and implementing their own payment system.

To start accepting payments via the platform, a brokerage company needs to enter into an agreement with a supported PSP and specify authorization data in the platform. From now on, all of its clients will have the opportunity to top up funds via the MetaTrader 5 Desktop terminal. In the near future, the feature will be available on mobile terminals for iOS and Android, as well as on web terminals.

About MetaQuotes

For over 20 years, MetaQuotes has been developing software applications for brokerages, banks, exchanges, and hedge funds. The company’s products are utilized daily by millions of users and thousands of financial institutions. The MetaTrader 5 (MT5) trading platform, its flagship product, has become the industry standard, pushing outdated and inefficient platforms out of the market. With continued community support, the company has built an unparalleled infrastructure around MetaTrader 5, which is trusted by tens of millions of traders. MetaQuotes has also created a suite of products to assist brokerage companies in successfully leading their businesses.

About Ecommpay

Ecommpay is a payment service provider and a direct bank card acquirer. The company creates tailor-made data-driven technologies for e-commerce clients to make online payments worldwide. Ecommpay ensures money movement in one click; its payment gateway facilitates an omnichannel payment process, combining acquiring capabilities, 100+ payment methods, mass payouts, and technological innovation within a single, seamless integration. Clients enjoy reduced operational costs, reduced time to market in the case of business expansion, and the synergy between conversion and security. Ecommpay has 6 offices globally, employing over 700 people. Ecommpay Group companies are licenced by the Financial Conduct Authority of the UK (FCA) – ECOMMPAY LIMITED, and the Central Bank of Cyprus – ECOMMBX LIMITED.