Exclusive: Tickmill Ends 2020 with Massive Jump in Trading Demand

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 Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term that brought a record number of new traders to the multi-asset Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term. 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.

“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.