TickMill Announces Impressive 2020 Results

The Financial Commission / Media posts / TickMill Announces Impressive 2020 Results

In an exclusive share on FinanceMagnates popular regulated broker Tickmill has announced financial and trading results for 2020. The broker was able to book monthly trading volumes of $142 billion and over 134,000 new trading accounts last year.

The broker’s daily trading volumes increased 14.7% from 2019 and, according to the broker, were the result of Covid-19 influenced market activity. On the new accounts side, the broker reported that some 56% of all new accounts opened in 2020 continued to remain active. Tickmill also announced that its referral business remained strong with over 9,000 introducing broker accounts and a total of more than $13 million paid in IB commissions.

While Tickmill reported net revenue of $68.6 million and a profit of $37.7 million for financial year 2019, it remains to be seen what revenue improvements were made in 2020, considering that the broker’s UK entity previously indicated a 150% increased in Q1 2020 revenues.

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