Tickmill UK’s 2024 Revenue Dropped Marginally as Trading Volume Took a Hit

The UK unit of Tickmill witnessed a decline in trading volume in 2024 to $136 billion of notional value from $189 billion in the previous year. This directly impacted the revenue of the company, which went down by 6 per cent to £6.2 million.

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“A Small Drop in Trading Revenue” Because…

“The company saw a small drop in trading revenues as a result of a different mix of traded products and a decrease in swap and commission income,” the Companies House filing of Tickmill UK noted.

“At the same time, it incurred lower external swap and commission charges, and foreign exchange movements were reduced using hedging.”

The UK-based company detailed that it generates CFDs revenues from the dealing spread, while ETD revenues come from commission income charged per trade.

The company also generated £2.2 million from intercompany recharges or SLA agreements, which came down from the previous year’s £2.7 million.

However, the company’s pre-tax profits jumped to £1.16 million from only about £123,000 in the previous year, mainly due to a reduction in administrative expenses and substantial interest income.

Indeed, administrative expenses came down to £7.7 million from £9.5 million.

It ended the year netting £881,363.

Tickmill’s Push in the Middle East

Although the figures only represent Tickmill’s business in the UK, it is a global brand. Outside the UK, it is regulated by the authorities in Cyprus and Seychelles and also has a representative office in Dubai’s free trade zone.

FinanceMagnates.com recently reported that Tickmill partnered with UAE’s Mashreq Bank to enable deposits and withdrawals in AED for local traders. Interestingly, eToro, another big name in the retail trading industry, also enabled such localised payment options for UAE-based clients.

These moves can be justified given the profitability of UAE-based traders.

Tickmill is yet to reveal its latest Middle East-specific numbers, but it handled $135 billion in trading volume in the first half of 2024, which then grew by 54 per cent.

Read more about Tickmill:

• Tickmill Wins ‘Most Competitive Broker’ at the Global Forex Awards 2025
• Tickmill Opens Oman Office to Offer Local Support to Traders