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.
“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.
“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.
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.
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.
“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.
“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.
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.
This post is originally published on FINANCEMAGNATES.
