Tickmill UK reports profit surge in 2024 despite lower trading volumes

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Ksenia Gerey

30.09.2025

Tickmill UK reports profit surge in 2024 despite lower trading volumes — Tickmill UK swings back to profit

Tickmill UK Ltd, the British subsidiary of Tickmill Group, closed 2024 with a strong profit rebound despite lower trading volumes and reduced client activity.

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According to the annual report, revenue reached £6.21 million, slightly down from £6.64 million in 2023, while trading volume totaled $136 billion (2023: $189 billion). The decline was mainly due to changes in the product mix and reduced swap and commission income. However, tighter cost control and higher interest income contributed to improved overall performance.

Finance income more than doubled to £523,592 thanks to increased cash yields. Operating profit rose to £637,226 compared with a £107,000 loss a year earlier. Profit before tax climbed to £1.16 million (2023: £123,000), and net profit jumped to £881,363, more than ten times higher than last year.

Client assets under management (AUM) stood at £11.9 million (2023: £15.6 million), reflecting reduced risk appetite among traders. Despite this, Tickmill UK continued to serve clients across 200+ instruments, including FX, indices, commodities, bonds, and exchange-traded derivatives (ETDs). The company credits its success to user-friendly platforms, competitive pricing, and a client-centric approach.

Strong balance sheet and risk control

Tickmill UK maintained a conservative financial position in 2024. Cash holdings grew from £16.75 million to £20.96 million, and total equity increased to £16.84 million. The firm reported high liquidity and capital surpluses above FCA requirements.

The company’s matched-principal model offsets all client positions with liquidity providers, minimizing market risk. Key exposures—such as regulatory, credit, and FX risks—are actively managed. FX volatility impact fell sharply to £12,449 (2023: £813,851) after hedging. Client funds totaling £11.86 million remain fully segregated under FCA rules.

Lower costs and positive outlook

Administrative expenses dropped to £7.77 million (2023: £9.53 million) due to reduced marketing and commission costs. Staff expenses fell to £2.30 million, reflecting a leaner structure. No dividends were declared. Tickmill UK appointed PKF Littlejohn LLP as its new auditor, which issued a clean opinion.

Despite economic and regulatory challenges, management remains confident. With significant cash reserves, strict cost control, and plans to launch new products and upgrade technology, Tickmill’s UK subsidiary aims for selective expansion, margin preservation, and continued value creation for clients and shareholders.

Read also: Tickmill offers 20% deposit bonus

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