Tickmill reports 91% net profit growth for 2019

Forex and CFD trading provider, Tickmill Group, announced its financial metrics for 2019 and reported significant growth.

Highlights from the financial year 2019 results include:

  • Net revenue reached $68.6 million, up by 52.1% from 2018’s result of $45.1 million.
  • Net profit stood at $37.7 million, up 91.4% compared to 2018’s figure of $19.7 million.
  • Trading volume came in at $1,485 billion, with 8.6% increase from 2018. The total number of trades executed amounted to 89.40 million, up by 7% from the previous year.
  • Average monthly trading volume reached $123.8 billion compared to $114.3 billion in 2018, up by 8.3%.

Mukid Chowdhury, Group CFO of Tickmill, commented:

Mukid Chowdhury, Tickmill

Mukid Chowdhury
Source: LinkedIn

The progress made by Tickmill Group in 2019 demonstrates the continued improvements achieved across all areas of the business, from our marketing and branding initiatives through to a focus on first-class customer service and the innovations introduced on our technology and products. Despite some challenging trading conditions during 2019, these improvements have allowed Tickmill to continue to attract new clients and further expand its operations.

Chowdhury continued:

We remain committed in continuing the investment towards the development of our people, products, and services, and to provide our clients with the service they expect in order to ensure that Tickmill is their provider of choice for their trading needs. This is an integral part of our strategy to achieve sustained growth.

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