The Tickmill Group significantly improved results in the 2018 year

Group Tickmill published the financial results for the year 2018. Despite unfavorable development conditions in Europe (including ESMA regulations) Forex / CFD broker boasted much better results than for the year 2017, approaching the level of 20 million USD of consolidated net profit per year.

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Turnover increase by 84%

The capital group consists of three companies - Tickmill UK under FCA regulations (Great Britain), Tickmill EU with the supervision of CySEC (Cyprus) and Tickmill SC with the FSA license (Seychelles). Although the broker comes from Europe, it is strongly present in Asian countries, incl. in China, Malaysia, Vietnam and the Philippines.

Last year, the Tickmill Group recorded a record number of transactions of its clients, which amounted to 83,56 million. This is an increase of 96% in y / y terms.

Financial results for the year 2018:

• consolidated net profit - 19,67 million USD (an increase of 33% y / y - USD 14,81 million in 2017),
• commission income - 45,13 million USD (increase by 16% y / y),
• the annual trading volume was 1 368 billion USD (increase by 84%).

Change y / y Tickmill Group statistics. 2017-2018 years.

Future perspectives

The company does not plan to rest on its laurels and it seems strongly motivated to stimulate further progress. This is accompanied by statistics, which show that in the first quarter of 2019, net revenues amounted to USD 12,94 million. In relation to the same quarter of the previous year, this is an increase of 8,8%.

Illimar Mattus, financial director of the Tickmill Group:

"In 2018, our Group was so agile that it could further improve its financial results despite the wave of restrictive regulatory measures that were introduced. We will continue to use our deep industry knowledge and core values ​​such as integrity, transparency and professionalism to ensure the long-term profitability of our business. "

The broker plans to focus primarily on the countries of South-East Asia, South America, the MENA and GCC regions, Europe, and ... Africa. The annual volume of the group's turnover in 2019 is expected to amount to USD 1400-1500 billion, i.e. increase by a minimum of another several percent.

Duncan Anderson, CEO Tickmill UK Ltd .:

"Having beaten new financial records in the 2018 year, we are confident that in 2019 we will continue to increase our market share and strengthen our position as one of the fastest growing financial services providers in the world."

Nominated as the platform of the year

The FX Week service nominated the Tickmill Group in the 16 edition of the 2019 e-FX Awards competition in the category "Best Retail Forex Platform of the Year". The full list of nominees is available on the website FX Week.

The results will be announced at the 11 conference in New York on July 2019.