Tickmill, a multi-regulated brokerage platform, has exclusively shared its yearly trading metrics for 2020 with Finance Magnates, showing an excellent jump in demand and client activities.
The broker closed the year with an average monthly trading volume of over $142 billion, 14.7 percent higher than the previous year’s $123.8 billion. This parameter of Tickmill is showing a positive uptick for years now.
Last year’s trading volume was mostly impacted by the Covid-spurred market volatility that brought a record number of new traders to the multi-asset trading platform. According to Tickmill’s figures, over 134,000 new accounts were registered last year, out of which more than 75,000 clients remained active.
Additionally, the brokerage revealed that it executed more than 115 million orders last year. There was a massive 28.6 percent jump in this metric year-over-year with the total executed previous year’s orders at 89.4 million.
Moreover, Tickmill ended 2020 with over 9,000 active introducing brokers and more than $13 million in IB payouts.
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“We have always been proud of the exceptional service we provide to our global client base, however, in 2020 we took business excellence to a whole new level by significantly enriching client experience,” Tickmill stated.
Maintaining the Growth for Years Now
Though Tickmill has not revealed its revenue or profit figures for 2020 yet, we can expect a significant jump in those with the reported trading demand. Tickmill 2019 with net revenue of $68.6 million and a profit of $37.7 million.
The Tickmill Group offers trading services across the globe with its several entities regulated in the United Kingdom, Cyprus and Seychelles. It launched two additional entities last year, one in South Africa and the other in Malaysia.
Furthermore, its strategies across the globe hint that it is planning to expand its services in emerging markets.
Apart from the global numbers, the UK entity of Tickmill was reporting some excellent numbers. Finance Magnates earlier reported that Tickmill UK Ltd witnessed a 150 percent year-over-year uptick in its 2020 first-quarter revenue.