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Tickmill: 18 billion USD turnover per month
The Tickmill Group published the results in the first full year of operations in Great Britain. What data can we find in the report? The broker boasts a turnover generated by customers in the amount of more than 16 billion USD per month, and the total value of deposits exceeded 8 million USD.
Tickmill history
The Tickmill Group was founded and is controlled by the Cypriot citizens of Estonia, Ingmar and Evely Mattus. Ingmar Mattus was the head of the brokerage house in Admiral Markets before founding Armada Markets in his hometown of Estonia in 2011. Armada acted as an introductory broker for the LMAX Exchange and was eventually deposited at Tickmill. The Mattus family hired former City Index manager, ODL Securities and CEO Hirose in the UK, Duncan Anderson, who coordinated the company's operations in the UK. Another family member, Illimar Mattus, serves as a CFO at Tickmill UK and serves as director of the company.
Tickmill UK received the FCA license in July 2016 and started trading in November 2016. Soon after, in 2017, it acquired a CySEC licensed broker - Vipro Markets Ltd - changing its name to Tickmill Europe Ltd .. This company is still led by Vipro co-founder Valerijus Ovsianikas. The group also has a Seychelles licensed entity.
Dynamic development of the company
According to documents, Tickmill UK has averaged an average of 16,3 billion in monthly turnover in the Forex market in the last seven months of 2017 (From June to December).
During this seven-month period Tickmill UK generated 3,87 a million in revenue, which translates into an annual revenue of 6,6 million pounds (8,6 million USD). The company paid over 1 million GBP in commission. The profits for this period amounted to 1,6 million pounds, which translates to an annual return of 2,8 million pounds (3,6 million USD). The company ended the year with 2017 capital of 3,5 million pounds.
Tickmill UK also increased its client assets on separate accounts to 6,3 million pounds (8,1 million USD) at the end of the 2017 year, with just 2,7 million pounds per 31 May 2017 year.
