Brunno Huertas joined Tickmill as the Regional Manager for the LATAM region. The move is a promotion for Huertas, who started at the broker as the Business Partnerships Manager for Portuguese Region and recently served as the Country Business Manager.
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Huertas is not new in the online brokerage space. He also has extensive experience in the LATAM region. He previously served as the Head of Sales for LATAM at IronFX.
- Tickmill UK’s 2024 Revenue Dropped Marginally as Trading Volume Took a Hit
- Tickmill Wins ‘Most Competitive Broker’ at the Global Forex Awards 2025
- Tickmill Opens Oman Office to Offer Local Support to Traders
Other Recent Executive Changes
Meanwhile, Tickmill’s veteran Loukas Priovolos recently moved to Deriv as Financial Reporting Manager after an eight-year tenure at the broker, where he served as Group Financial Controller.
At Deriv, Priovolos expressed enthusiasm about the opportunities for growth and learning, pointing to the company’s cultural and product diversification, as well as its adoption of technology and AI, as key attractions of his new role.
Priovolos’ career at Tickmill began in April 2017 as an Accounting Supervisor and progressed through several positions, culminating in his role as Group Financial Controller from January 2021 to April 2025. During his time there, he earned four promotions and helped establish two new finance sub-departments.
Geographical Expansion
Besides the executive changes, Tickmill recently expanded into Oman, designating Muscat as its regional hub to provide support to clients locally and in nearby markets. The move is part of the broker’s broader strategy to strengthen its presence in the Middle East.
As part of its entry, Tickmill established a strategic partnership with ProTrade Investments, using the firm’s Muscat office as the base for this collaboration. Globally, Tickmill operates under multiple licences, including regulatory approvals in the United Kingdom, Cyprus, and Seychelles, and maintains a representative office recognised by the Dubai Financial Services Authority.
At the same time, Tickmill UK saw its trading volume decline in 2024, dropping to $136 billion from $189 billion the previous year. This decrease contributed to a 6% fall in revenue, which totaled £6.2 million. The company generates CFD revenues from dealing spreads and ETD revenues from commissions per trade.
Despite the revenue decline, profits increased due to lower administrative expenses. Intercompany recharges or service-level agreement (SLA) income also fell, from £2.7 million in 2023 to £2.2 million in 2024.
