Tickmill has set a new benchmark in the Middle East and North Africa (MENA) region, achieving a record-breaking trading volume of over $135 billion in the first half of 2024. This marks a 54% increase compared to the same period last year, as the number of active traders also surged by 20%.
Significant Growth in MENA Operations
Tickmill’s performance in the MENA region during the first six months of 2024 has been nothing short of exceptional. According to data shared with Finance Magnates, the trading volume surged by nearly $50 billion compared to the first half of 2023. The company has also seen a 14% increase in its client base, with active traders reaching unprecedented numbers.
Joseph Dahrieh, Managing Director at Tickmill, expressed pride in the company’s accomplishments, both in the MENA region and globally. He highlighted Tickmill’s commitment to maintaining the highest standards of transparency, integrity, and innovation while ensuring the safety of client funds.
Mohamed Abdelbaki, Regional Marketing Manager of Tickmill, echoed this sentiment, reaffirming the company’s dedication to empowering Middle Eastern traders with cutting-edge technology, efficiency, and exceptional service.
Organizational Changes and Service Enhancements
Tickmill has also made significant changes in its leadership and service offerings. Nicholas Baumer, previously the Chief Marketing Officer, has been promoted to Chief Commercial Officer (CCO), bringing over 13 years of marketing expertise to his new role.
In addition, Tickmill has enhanced its copy trading capabilities by integrating the SoFinX platform. This integration provides traders and investors access to more than 10,000 signal providers, allowing users to replicate market trades and optimize their strategies.
Further expanding its services, Tickmill has introduced a competitive interest rate program for unused funds in traders’ accounts. This initiative offers attractive rates—3.5% for USD wallets, 3.25% for GBP wallets, and 2.5% for EUR wallets—enabling clients to maximize their capital and diversify their investment portfolios.
Tickmill’s strong performance in the first half of 2024, coupled with these strategic enhancements, has positioned the company as a leading force in the MENA region’s trading landscape.
