In the first half of 2024, Tickmill obtained 54% of the transaction volume in the Middle East and North Africa (MENA), and the number of active clients grew by 20%.
Tickmill Expands Operations in the MENA Region
The firm has reported a significant rise in Middle Eastern trading activity compared to the first half of last year. Total volume increased by almost $50 billion compared to the same period in the previous year.
Tickmill Managing Director Joseph Dahrieh said that witnessing the results is exciting for the company’s global team of professionals and seasoned leadership. It also significantly boosts prioritizing clients’ funds’ safety and upholding the highest integrity, transparency, and innovation standards.
The regional Marketing Manager, Mohamed Abdelbaki, added that they wish to use the milestone to reaffirm the firm’s commitment to empowering the investment projects of the Middle East traders through innovative technology, efficiency, and excellent financial operation service.
Tickmill links the higher trading volumes to increased client numbers within six months. Its client base and active traders rose by 14% and almost 20%, respectively.
The firm emphasized recording a historical interest from July traders and a strong H1 2024.
Leadership Changed for Improved Performance
Recently, Tickmill has made changes in its service offerings and organizational structure. It has promoted Nicholas Baumer to the CCO (Chief Commercial Officer) position. Baumer has 13 years of experience in Marketing after serving as the CMO (Chief Marketing Officer).
The firm’s integration with SoFinX’s platform is the power behind its continuous trading capabilities. It aims to give investors and traders an improved trading experience, with access to over 10,000 signal providers, where users can replicate their trades.
Moreover, the company has launched a competitive interest rate program for traders’ accounts’ unused funds. The initiative lets clients optimize their capital and diversify investment portfolios. Tickmill offers attractive interest rates of 2.5% (EUR wallets), 3.25% (GBP wallets), and 3.5% (USD wallets).
