简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Revenue for the year declined by 8.3 percent. Trading volume also remained flat.
FCA-regulated Tickmill UK Limited, a subsidiary of the wider Tickmill Group, reported an 86 percent jump in the pre-tax profits for the year 2021, which ended on December 31. The absolute figure came in at £1.48 million, compared to £796,121 in the previous year.
Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments.
After considering taxes, the net income at the end of the year came in at £1.26 million, increasing from £677,290.
However, the total revenue of the broker from its UK operations declined. It came in at £7.68 million, which decreased by 8.3 percent year-over-year. Interestingly, the broker managed to reduce the administrative expense for the year, resulting in an operating profit of £1.5 million, which is an annual increase of 85.5 percent.
The offerings of Tickmill include currency pairs and CFDs of indices, commodities and bonds. In addition, it introduced exchange-traded derivatives (ETDs) to its retail and professional clients and invested heavily in the new business line. Moreover, it continues to expand its product offering.
Client Metrics
The Companies House filing further highlighted the trading activities on the UK platform, which remained almost flat. The trading volume in the last fiscal year came in at $195 billion, compared to the prior years $196 billion. The significant decline in trading activities can also be seen from a declining number of trades: it dropped down to 8.6 million from 9.8 million.
On top of that, the number of new clients onboarded by the UK platform of Tickmill declined by 40 percent. It onboarded 3,947 clients last fiscal, compared to 6,618 in the previous one.
“For the twelve months… trading conditions were again affected by fluctuations in market volatility as a result of the global COVID pandemic that has dominated much of 2020 and 2021,” the Companies House filing stated. Furthermore, major geopolitical events pushed the trading volumes and number of trades down.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
The US election sparks forex trading opportunities. Trump's economic policies may increase volatility, offering potential gains for traders.
In the wake of the devastating floods that hit Ternate, XM, a leading online broker has stepped up to provide vital assistance to the affected communities. The company's humanitarian effort is a testament to its commitment to social responsibility and support for those in need.
South Africa’s Financial Sector Conduct Authority (FSCA) has suspended the license of the online trading platform, Banxso.
The Financial Industry Regulatory Authority (FINRA) has imposed significant fines on Investment Network, Inc. (INI) and its CEO, Gary L. Arnold, for a series of regulatory violations connected to the sale of pre-initial public offering (pre-IPO) funds between October 2020 and May 2021.