Tickmill has introduced interest rates on unused funds, forexlive reported. The online brokerage firm aims to enable traders to optimize their capital while diversifying their investment portfolio by offering interest rates of 3.5%, 3.25%, and 2.5% on USD, GBP, and EUR wallets, respectively.
Passive Income Opportunities
The interest rate offering is reportedly designed to meet the requirements of contemporary investors. It features daily accruing interest and monthly payments , an alternative to conventional fund management avenues. The London-based trading platform has praised the new offering as an opportunity for clients to grow their wealth.
Derek Wilks, Tickmill's Group Chief Financial Officer, mentioned: "We are always looking for ways to add value to our clients' experiences and reciprocate their loyalty and trust. We look forward to seeing our clients benefit from this new offering and will continue to support them in any way we can. We encourage all investors to explore and take advantage of this unique opportunity."
In March, Tickmill partnered with Capitalise.ai, an AI-based trading and analysis solution provider. This collaboration aims to support advanced trading tools for experienced and new traders. Capitalise.ai's platform allows traders to analyze and automate market scenarios through plain English commands, eliminating the need for coding skills.
Tickmill Enters Key Partnerships
According to the two entities, Tickmill traders can benefit from Capitalise.ai's features, including backtesting, trading automation , smart bespoke alerts, and a library of ready-to-use trading strategies. Additionally, Tickmill users have access to the Capitalise.ai mobile app.
Besides that, Tickmill signed South African cricket legend Jonty Rhodes as its brand ambassador. With a distinguished career spanning from 1992 to 2003, Jonty Rhodes is acclaimed for his exceptional field prowess and captivating audiences. Beyond his playing days, Rhodes transitioned into coaching roles for various domestic league teams in India and South Africa.
Headquartered in London, Tickmill operates globally, holding licenses from regulatory bodies across multiple jurisdictions, including the UK, Cyprus, the UAE, South Africa, Malaysia, and Seychelles.
