Net revenue at Tickmill stood at $68.6 million, marking a 52.1% increase from 2018’s result of $45.1 million.
Tickmill Group ended 2019 by recording significant growth in financial metrics, which are outlined as follows:
Net revenue stood at $68.6 million, marking a 52.1% increase from 2018’s result of $45.1 million.
Net profit came in at $37.7 million, a slight incline of 4% compared to 2018’s figure of $19.7 million.
Trading volume reached $1.485 billion, showing a slight improvement of 6% from 2018, whereas the totalnumber of trades executed totaled 89.40 million, an increase of 7% from previous year.
Average monthly trading volume was at $123.8 billion vis-à-vis $114.3 billion in 2018, marking an increase of 3%.
Commenting on the results, Mukid Chowdhury, Tickmill Group CFO, said: “The progress made by Tickmill Group in 2019 demonstrates the continued improvements achieved across all areas of the business, from our marketing and branding initiatives through to a focus on first-class customer service and the innovations introduced on our technology and products. Despite some challenging trading conditions during 2019, these improvements have allowed Tickmill to continue to attract new clients and further expand its operations.”
Mr. Chowdhury added: “The investment by the Group, the management, and Tickmill staff to ensure best in class service to our clients has resulted in Tickmill being able to deliver consistent revenue growth. We remain committed to continuing the investment towards the development of our people, products, and services, and to provide our clients with the service they expect in order to ensure that Tickmill is their provider of choice for their trading needs. This is an integral part of our strategy to achieve sustained growth."
2020 Performance
Moving on to 2020, the global landscape has changed significantly following the worldwide pandemic seen during the first half of the year.
During the period of lockdown experienced across numerous countries, all Tickmill entities remained fully operational and continued to ensure that its clients receive the full service and support available while developing new products and services for the year ahead.
Moreover, in H1-2020 Tickmill Group has seen an increase across all key metrics with net trading revenues for the first half of the year at $54.3 million and profit before tax at $35.4 million. Trading volumes continued to increase with average monthly volumes of $132 billion in H1-2020.
These results demonstrate Tickmill’s firm commitment to its clients, ensuring their needs are met at all times.
About Tickmill
Tickmill is a Forex and CFD investment services provider offering first-class trading products through its four global entities, Tickmill UK Ltd, authorised and regulated by the UK FCA, Tickmill Europe Ltd, authorised and regulated by CySEC, Tickmill Ltd, authorised and regulated by the Seychelles FSA and Tickmill Asia Ltd, authorised and regulated by the Labuan FSA.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73%, and 76%, of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd, and Tickmill Europe Ltd, respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Tickmill Group ended 2019 by recording significant growth in financial metrics, which are outlined as follows:
Net revenue stood at $68.6 million, marking a 52.1% increase from 2018’s result of $45.1 million.
Net profit came in at $37.7 million, a slight incline of 4% compared to 2018’s figure of $19.7 million.
Trading volume reached $1.485 billion, showing a slight improvement of 6% from 2018, whereas the totalnumber of trades executed totaled 89.40 million, an increase of 7% from previous year.
Average monthly trading volume was at $123.8 billion vis-à-vis $114.3 billion in 2018, marking an increase of 3%.
Commenting on the results, Mukid Chowdhury, Tickmill Group CFO, said: “The progress made by Tickmill Group in 2019 demonstrates the continued improvements achieved across all areas of the business, from our marketing and branding initiatives through to a focus on first-class customer service and the innovations introduced on our technology and products. Despite some challenging trading conditions during 2019, these improvements have allowed Tickmill to continue to attract new clients and further expand its operations.”
Mr. Chowdhury added: “The investment by the Group, the management, and Tickmill staff to ensure best in class service to our clients has resulted in Tickmill being able to deliver consistent revenue growth. We remain committed to continuing the investment towards the development of our people, products, and services, and to provide our clients with the service they expect in order to ensure that Tickmill is their provider of choice for their trading needs. This is an integral part of our strategy to achieve sustained growth."
2020 Performance
Moving on to 2020, the global landscape has changed significantly following the worldwide pandemic seen during the first half of the year.
During the period of lockdown experienced across numerous countries, all Tickmill entities remained fully operational and continued to ensure that its clients receive the full service and support available while developing new products and services for the year ahead.
Moreover, in H1-2020 Tickmill Group has seen an increase across all key metrics with net trading revenues for the first half of the year at $54.3 million and profit before tax at $35.4 million. Trading volumes continued to increase with average monthly volumes of $132 billion in H1-2020.
These results demonstrate Tickmill’s firm commitment to its clients, ensuring their needs are met at all times.
About Tickmill
Tickmill is a Forex and CFD investment services provider offering first-class trading products through its four global entities, Tickmill UK Ltd, authorised and regulated by the UK FCA, Tickmill Europe Ltd, authorised and regulated by CySEC, Tickmill Ltd, authorised and regulated by the Seychelles FSA and Tickmill Asia Ltd, authorised and regulated by the Labuan FSA.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73%, and 76%, of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd, and Tickmill Europe Ltd, respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXIFY Celebrates 1 Year Anniversary: Establishing Itself as an Industry Leader
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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