Tickmill Opens Kuwait Office as Brokers Eye Gulf Market Growth

Thursday, 23/10/2025 | 06:23 GMT by Damian Chmiel

The online broker has launched its second Gulf office in recent months, setting up operations in Kuwait City's business district.

The move comes as trading platforms compete for market share in the Middle East, where retail trading activity has climbed in recent years.

Tickmill office opening in Kuwait — Tickmill opens new office in Nouf Tower B, 19th Floor, Jaber Al-Mubarak Street, Kuwait City

Tickmill has opened an office in Kuwait City, the company's latest attempt to build out its presence in the Middle East after launching an Oman location last month.

The broker will operate from the 19th floor of Nouf Tower B on Jaber Al-Mubarak Street. The office will handle client support and market access for traders in Kuwait and the surrounding region.

Joseph Dahrieh, the Managing Director at Tickmill

"We are proud to bring our world-class trading services closer to clients in Kuwait, offering them not only direct access to global markets but also the local support and expertise they deserve," said Joseph Dahrieh, the Managing Director at Tickmill.

It is worth noting that this is another office opened in the region recently, following the broker’s similar announcement in July regarding its launch in Oman.

Regional Trading Volumes Surge

Tickmill's Kuwait office opening comes as brokers rush to capture growing Middle East demand. Trading volumes in the region have jumped sharply this year, with several platforms reporting triple-digit growth rates.

Capital.com reported that Middle East and North Africa trading volumes hit $804.1 billion in the first half of 2025, up 53% from the previous six months. The UAE alone accounted for more than 70% of that activity.

Tickmill also reported a surge in trading volumes in the region, although the last update came in August 2024, when the broker set a new record of $135 billion, marking a 54 percent increase in the first half of 2024.

Brokers Target Middle East Expansion

Other online brokers are also establishing local operations in Gulf states. The region has drawn attention from trading platforms looking to tap growing demand for foreign exchange and contract-for-difference products.

Earlier this year, competitor XS.com also opened a Kuwait office, citing similar goals around local client service and market development. The trend reflects broader interest in Middle Eastern markets, where younger demographics and increasing financial literacy have contributed to rising retail trading volumes.

Also this week, XTB once again launched a promotional campaign targeting traders in the region, as competition in the market intensifies. The broker is offering free shares to new clients who open an account for the first time.

Tickmill operates under regulatory oversight from the UK's Financial Conduct Authority, Cyprus Securities and Exchange Commission, and the Financial Services Authority in Seychelles. The company holds representative office status with Dubai's financial regulator.

Tickmill has opened an office in Kuwait City, the company's latest attempt to build out its presence in the Middle East after launching an Oman location last month.

The broker will operate from the 19th floor of Nouf Tower B on Jaber Al-Mubarak Street. The office will handle client support and market access for traders in Kuwait and the surrounding region.

It is worth noting that this is another office opened in the region recently, following the broker’s similar announcement in July regarding its launch in Oman.