Tickmill UK Ltd, a unit of the Tickmill Group regulated by
the Financial Conduct Authority (FCA ), has published its financial results for
the year ending December 31, 2023. The company recorded revenue of £6,641,693,
an increase from 2022. This rise in revenue indicates a positive trend in the
company’s ability to generate income.
Pre-Tax Profit Remains Strong
According to the latest filing with Companies House,
Tickmill UK Ltd reported an operating profit of £107,188. The pre-tax profit
for the year was £122,905. These figures suggest that the company maintained
some profitability despite rising costs.
The net profit for 2023 was £77,519, a notable decrease from
£643,284 in the previous year. This decline highlights a change in
the company’s financial situation, emphasizing the pressure that rising costs
have placed on profitability.
Tickmill is a retail brokerage brand that offers services
worldwide. In addition to the UK, the brokerage group has local subsidiaries
regulated in Dubai, Cyprus, South Africa, Seychelles, and Malaysia. The figures
reported to Companies House reflect only the performance of the UK entity and
do not include data from any other global subsidiaries.
Tickmill Integrates SoFinX Platform
Meanwhile, Tickmill
has announced the integration of SoFinX’s platform to enhance its copy
trading services, as reported by Finance
Magnates. This new platform aims to provide tools for both experienced
traders and investors, promoting an improved trading experience.
According to a press release shared with Finance Magnates,
SoFinX’s platform features over 10,000 signal providers whose market trades can
be copied by other users. Edison Tuan, Founder & CEO of SoFinX, noted that
this collaboration is designed to elevate customer experience.
Copy trading allows expert traders to share their trades
publicly, enabling other traders to replicate their positions. If an expert
trader earns profits, those who copy their trades can also benefit financially,
with the expert receiving a percentage of the profits generated.
Tickmill UK Ltd, a unit of the Tickmill Group regulated by
the Financial Conduct Authority (FCA ), has published its financial results for
the year ending December 31, 2023. The company recorded revenue of £6,641,693,
an increase from 2022. This rise in revenue indicates a positive trend in the
company’s ability to generate income.
Pre-Tax Profit Remains Strong
According to the latest filing with Companies House,
Tickmill UK Ltd reported an operating profit of £107,188. The pre-tax profit
for the year was £122,905. These figures suggest that the company maintained
some profitability despite rising costs.
The net profit for 2023 was £77,519, a notable decrease from
£643,284 in the previous year. This decline highlights a change in
the company’s financial situation, emphasizing the pressure that rising costs
have placed on profitability.
Tickmill is a retail brokerage brand that offers services
worldwide. In addition to the UK, the brokerage group has local subsidiaries
regulated in Dubai, Cyprus, South Africa, Seychelles, and Malaysia. The figures
reported to Companies House reflect only the performance of the UK entity and
do not include data from any other global subsidiaries.
Tickmill Integrates SoFinX Platform
Meanwhile, Tickmill
has announced the integration of SoFinX’s platform to enhance its copy
trading services, as reported by Finance
Magnates. This new platform aims to provide tools for both experienced
traders and investors, promoting an improved trading experience.
According to a press release shared with Finance Magnates,
SoFinX’s platform features over 10,000 signal providers whose market trades can
be copied by other users. Edison Tuan, Founder & CEO of SoFinX, noted that
this collaboration is designed to elevate customer experience.
Copy trading allows expert traders to share their trades
publicly, enabling other traders to replicate their positions. If an expert
trader earns profits, those who copy their trades can also benefit financially,
with the expert receiving a percentage of the profits generated.
This post is originally published on FINANCEMAGNATES.
