Tickmill reports record Q1 2017 trading volume

Tickmill reports record Q1 2017 trading volume

Tickmill

Tickmill, an FCA-regulated ECN forex broker, reported a record trading volume of $146.7 billion for the first quarter of this year.

In March only, the broker hit an all time high trading volume of $61.5 billion and executed 3.58 million trades. Overall, for the entire Q1 2017, Tickmill’s clients made 9.05 million trades.

“The strong numbers we have seen in the first quarter are a reflection of our hard work and commitment to building a trusted brand that puts clients’ interests first”, said Tickmill UK CEO Duncan Anderson.

Additionally, the broker said it has added new language versions of its site: Italian, Arabic and German, with Korean coming soon, Polish, Spanish, Chinese, Czech, German and Italian client area versions, as well as new tools and contests and expanded its presence in Europe and Asia.

In its report the broker noted it has improved its analytical tool offering with Autochartist to provide traders with advanced technical analysis and live trading alerts.

Tickmill, set up in 2014, is licensed by the Financial Services Authority (FSA) of the Seychelles and by the UK Financial Conduct Authority (FCA).  It is an electronic communication network (ECN) and no-dealing desk (NDD) broker, which offers trading in diverse financial instruments, including currency pairs, CFDs, stocks, indices, commodities, and precious metals.

The broker is actively present in Asia, the Middle East and Africa. It has a live client base exceeding 20,000 clients and processes more than 3 million trades a month.

Earlier this month Tickmill reported stellar results for 2016 and said it expects even better performance in 2017. Also in May, the broker launched its institutional service Tickmill Prime.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like

XTB posts 66.7% drop in net profit for Q1 2017, YoY, plans expansion in Latin America

The Polish online forex brokerage group X Trade