The first half of 2024 proved exceptionally strong for Tickmill in the Middle East and North Africa (MENA) region, as confirmed by data shared with Finance Magnates. Trading volumes grew by 54%, surpassing $135 billion, while the total number of clients, including active ones, reached historic highs.

Tickmill Expands Offerings in MENA Region

Tickmill reported this week that compared to the first half of last year, it saw a significant jump in trading activity in the Middle East. According to information provided to Finance Magnates by the company, the total volume over the past 6 months increased by almost $50 billion, compared to the same period in 2023.

“Witnessing this year's results, both in the Middle East and abroad, has been an exciting moment of achievement for Tickmill's impeccable global team of professionals, for our seasoned leadership, and for our strategy of prioritizing the safety of our client's funds while upholding the highest standards of transparency, integrity and innovation,” added Joseph Dahrieh, the Managing Director at Tickmill.

“We would like to take this milestone as an opportunity to reaffirm our commitment to Middle Eastern traders to empower their investment projects through cutting-edge technology, efficiency and exceptional service for their financial operations,” commented Mohamed Abdelbaki, the Regional Marketing Manager of Tickmill.

Higher volumes are, of course, driven by clients, whose numbers reached record values in the past six months. Tickmill managed to increase its client base in MENA by 14%, while the number of active clients grew by almost 20%.

The company also emphasized that in addition to a strong H1 2024, it recorded record interest from traders in July.

Leadership Shift and Service Enhancements

Tickmill has also recently implemented significant changes in its organizational structure and service offerings. The company has elevated Nicholas Baumer to the position of Chief Commercial Officer (CCO). Baumer, who previously served as the Chief Marketing Officer (CMO), brings over 13 years of marketing expertise to his new role.

In a separate development, Tickmill has bolstered its copy trading capabilities by integrating SoFinX's platform. This new addition aims to provide traders and investors with an enhanced trading experience, featuring access to over 10,000 signal providers whose market trades can be replicated by users.

Furthermore, Tickmill has introduced a competitive interest rate program for unused funds in traders' accounts. This initiative allows clients to optimize their capital while diversifying their investment portfolios. The company is offering attractive interest rates of 3.5% for USD wallets, 3.25% for GBP wallets, and 2.5% for EUR wallets.