Tickmill has achieved a new trading volume record in the Middle East and North Africa (MENA) region, surpassing $135 billion in the first half of 2024.
This marks a 54% increase compared to the same period in 2023. The number of active traders also rose by 20%, contributing to this significant growth. Tickmill attributes this success to its commitment to client fund safety, transparency, and innovation. The company has expanded its offerings in the MENA region, enhancing its service capabilities and client engagement.
Managing Director Joseph Dahrieh expressed pride in the company’s achievements, highlighting the dedication of Tickmill’s global team and leadership. Regional Marketing Manager Mohamed Abdelbaki reaffirmed the company’s commitment to empowering Middle Eastern traders with cutting-edge technology and exceptional service.
More Strategic Changes
In addition to the trading volume milestone, Tickmill has made strategic changes to its organizational structure and service offerings. Nicholas Baumer has been promoted to Chief Commercial Officer, bringing over 13 years of marketing expertise to the role. This leadership shift aims to strengthen Tickmill’s market position and drive further growth.
Tickmill has also enhanced its copy trading capabilities by integrating SoFinX’s platform, providing traders access to over 10,000 signal providers. This integration aims to offer an enriched trading experience, allowing users to replicate market trades effectively.
Furthermore, Tickmill has introduced a competitive interest rate program for unused funds in traders’ accounts. This initiative offers attractive interest rates of 3.5% for USD wallets, 3.25% for GBP wallets, and 2.5% for EUR wallets, enabling clients to optimize their capital and diversify their investment portfolios.
The company’s strong performance in the first half of 2024 and record interest from traders in July underscore its successful strategy and market appeal. Tickmill’s focus on innovation, client satisfaction, and strategic growth positions it well for continued success in the competitive forex industry.
