FxAllNews
null
main970 2

Tickmill 2018 Financial Performance Reaches New Heights

29 May 2019 02:50 PM BDT
Tickmill 2018 Financial Performance Reaches New Heights

Tickmill Group ended 2018 by posting significant growth as evidenced by remarkable increases in all financial metrics.

The consolidated net profit in 2018 stood at $19.67 million, marking a surge of 33% in relation to the corresponding figure of 2017 which amounted to $14.81 million. The Group’s net trading revenue came in at $45.13 million, pointing to a 16% increase compared to the previous year.

Furthermore, the yearly trading volume stood at $1,368 billion notional value, recording a staggering increase of 84% compared to the previous year while also easily surpassing the projected $1,200-1,300 billion range. Interestingly, in October and November 2018, Tickmill witnessed the highest monthly trading volume figures of $145.5 billion and $136.0 billion respectively. For the full year, the Clients of Tickmill Group placed in total 83.56 million trades which represents a new record for the Group and an increase of 96% compared to previous year. Also, with a net capital base of $40.71 million as of the end of 2018, Tickmill Group is well positioned to look for attractive acquisition opportunities to further increase its geographic reach and market share.

Growth Momentum to Continue in 2019

Building on the positive performance of 2018, the first quarter of 2019 saw the Group onboarding a record number of new clients, a growth which is primarily fueled by its strong Introducing Broker network. Meanwhile, despite the low market volatility occurred in Q1 2019, the Group’s net trading revenue was $12.94 million, up 8.8% compared to Q1 2018.

In the year ahead, Tickmill projects to reach a full-year trading volume of $1400-1500 billion based on organic growth in its key markets in South-East Asia, South America, MENA and GCC region, Africa and Europe.

Commenting on the results, Illimar Mattus, Group CFO, stated: “In 2018, our Group was nimble enough to further strengthen its financial performance despite the wave of restrictive regulatory measures that were introduced. We will continue to tap into our deep industry expertise and core values of integrity, transparency and professionalism to drive the long-term profitability of our business.

Group COO, Ingmar Mattus, commented: “We remain on track for achieving our strategic objectives aiming to become a stronger, more agile and competitive organisation capable of delivering sophisticated products and high-quality service to our global client base.

Having broken new records of financial performance in 2018, we are certain 2019 will see us continuing to expand our market share and reinforce our position as one of the fastest-growing financial services providers in the world.” said Duncan Anderson, CEO of Tickmill UK Ltd.

 

About Tickmill

Tickmill is a Forex and CFD trading services provider, authorised and regulated by the UK Financial Conduct Authority, the Cyprus Securities and Exchange Commission and the Seychelles Financial Services Authority, offering first-class trading products with competitive conditions and ultra-fast execution.

For more information, please visit: https://tickmill.com/

81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Add Your Comment
 90% off the minimum investment for FFCT tokens purchasing
90% off the minimum investment for FFCT tokens purchasing. Within 48 hours from the beginning of the promotion the minimum purchasing amount is to be decreased 100 times during the Private Sale round!
Receives NordFX Two Cryptocurrency Trading Awards
The International Business Magazine has named NordFX Best Broker for Trading Cryptocurrencies, and the company has been recognized as Most Trusted Cryptocurrency Broker 2018, according to the Global Brands Magazine's expert council vote.
Alexis Webster joins ForexTime as Chief Commercial Officer
Alexis Webster joins ForexTime as Chief Commercial Officer
ForexTime joins forces with UN Patron of the Oceans for The Long Swim
ForexTime joins forces with UN Patron of the Oceans for The Long Swim
NordFX launched new investing Service RAMM: Low Risk, High Reward
RAMM (Risk Allocation Management Model) is a brand new and unrivalled investment model based on modern risk management principles. It incorporates the best features of PAMM accounts and signal auto-copying services, whilst also possessing a number of distinct advantages and aspects.
NordFX An All-In-One Traditional Forex Broker and Crypto-Exchange
NordFX An All-In-One Traditional Forex Broker and Crypto-Exchange
Launches New Risk Management Trading System (RAMM) from NordFX
NordFX Forex Broker retail investment and multi-asset trading announced the launch of its risk allocation management model RAMM services platform today. NordFX Clients, it is NordFX pleasure to inform you about the launch of RAMM services, a unique trading and investment platform that allows you to control acceptable risk levels.
NordFX named Best News and Analysis Provider by FXDailyinfo.com
NordFX named Best News and Analysis Provider by FXDailyinfo.com. NordFX broker has once again been recognised for the high quality of its services.
Forex Broker HotForex Launches Copy Trading Service (HFcopy)
Award-winning forex broker HotForex has rolled out HFcopy, a trading solution which allows anyone interested to copy trading strategies provided by selected traders.
trade.io Partners with Civic to Provide Identity Verification via the Blockchain
trade.io Partners with Civic to Provide Identity Verification via the Blockchain
ForexTime (FXTM) Invest now available on the ECN Zero Account
ForexTime (FXTM) Invest now available on the ECN Zero Account
Grand Capital Broker keeps expanding into the African region
Grand Capital Broker keeps expanding into the African region
Right 160x2
Right 160x2