The operating loss was £107.2K, while the pre-tax profit was £122.9K in 2023.
Recently, Tickmill has integrated SoFinX's platform for its copy trading services.
Tickmill UK Ltd, a unit of the Tickmill Group regulated by
the Financial Conduct Authority (FCA), has published its financial results for
the year ending December 31, 2023. The company recorded revenue of £6,641,693,
an increase from 2022. This rise in revenue indicates a positive trend in the
company's ability to generate income.
Pre-Tax Profit Remains Strong
According to the latest filing with Companies House,
Tickmill UK's administration expenses surged to £9.5 million, reflecting
an increase of approximately 68 % from last year. However, the company reported an operating profit of £107,188. The pre-tax profit
for the year was £122,905. These figures suggest that the company maintained
some profitability despite rising costs.
The net profit for 2023 was £77,519, a notable decrease from
£643,284 in the previous year. This decline highlights a change in
the company’s financial situation, emphasizing the pressure that rising costs
have placed on profitability.
Tickmill is a retail brokerage brand that offers services
worldwide. In addition to the UK, the brokerage group has local subsidiaries
regulated in Dubai, Cyprus, South Africa, Seychelles, and Malaysia. The figures
reported to Companies House reflect only the performance of the UK entity and
do not include data from any other global subsidiaries.
According to a press release shared with Finance Magnates,
SoFinX's platform features over 10,000 signal providers whose market trades can
be copied by other users. Edison Tuan, Founder & CEO of SoFinX, noted that
this collaboration is designed to elevate customer experience.
Copy trading allows expert traders to share their trades
publicly, enabling other traders to replicate their positions. If an expert
trader earns profits, those who copy their trades can also benefit financially,
with the expert receiving a percentage of the profits generated.
Tickmill UK Ltd, a unit of the Tickmill Group regulated by
the Financial Conduct Authority (FCA), has published its financial results for
the year ending December 31, 2023. The company recorded revenue of £6,641,693,
an increase from 2022. This rise in revenue indicates a positive trend in the
company's ability to generate income.
Pre-Tax Profit Remains Strong
According to the latest filing with Companies House,
Tickmill UK's administration expenses surged to £9.5 million, reflecting
an increase of approximately 68 % from last year. However, the company reported an operating profit of £107,188. The pre-tax profit
for the year was £122,905. These figures suggest that the company maintained
some profitability despite rising costs.
The net profit for 2023 was £77,519, a notable decrease from
£643,284 in the previous year. This decline highlights a change in
the company’s financial situation, emphasizing the pressure that rising costs
have placed on profitability.
Tickmill is a retail brokerage brand that offers services
worldwide. In addition to the UK, the brokerage group has local subsidiaries
regulated in Dubai, Cyprus, South Africa, Seychelles, and Malaysia. The figures
reported to Companies House reflect only the performance of the UK entity and
do not include data from any other global subsidiaries.
According to a press release shared with Finance Magnates,
SoFinX's platform features over 10,000 signal providers whose market trades can
be copied by other users. Edison Tuan, Founder & CEO of SoFinX, noted that
this collaboration is designed to elevate customer experience.
Copy trading allows expert traders to share their trades
publicly, enabling other traders to replicate their positions. If an expert
trader earns profits, those who copy their trades can also benefit financially,
with the expert receiving a percentage of the profits generated.
Weekly Focus: Czechia Will not Regulate Prop Demo Accounts, Saxo Exits Hong Kong, and More
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Relive the best moments from the Finance Magnates Pacific Summit 2024 with our highlights video! ✨
From action-packed moments, insightful speaker sessions, the exclusive Opening Blitz, and immersive workshops, this video captures the energy and excitement of FMPS:24. Whether you attended or missed out, here’s your chance to experience the top moments that made FMPS:24 unforgettable.
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Don't miss out on our latest videos, interviews, and event coverage.
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Relive the best moments from the Finance Magnates Pacific Summit 2024 with our highlights video! ✨
From action-packed moments, insightful speaker sessions, the exclusive Opening Blitz, and immersive workshops, this video captures the energy and excitement of FMPS:24. Whether you attended or missed out, here’s your chance to experience the top moments that made FMPS:24 unforgettable.
🎬 Watch, share, and join the conversation!
Don’t forget to use the hashtags #fmps #fmps24 #FMevents when sharing.
Stay tuned for more events. See you next time!
📣 Stay updated with the latest in finance and trading!
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