Companies category powered by

Tickmill opens Oman office to offer local support to traders

Tickmill, a contract-for-difference (CFD) broker that has a presence in Cyprus through Limassol-based Tickmill Europe and is regulated by CySEC, has entered Oman to expand its presence in the Middle East.

The broker aims to make Muscat its regional hub, offering local support to clients in the country and nearby markets, an announcement from the company says.

Tickmill has formed a “strategic partnership” with ProTrade Investments, whose Muscat office has become the base for this collaboration.

“It is a testament to our long-term commitment to the Arab world and our strategic vision to support local traders with world-class tools, education, and service,” Tickmill’s CEO, Sudhanshu Agarwal, said on the geographical expansion.

Tickmill operates globally with multiple licences, including authorisation from regulators in Cyprus, the United Kingdom, and Seychelles. It also has a representative office recognised by the Dubai Financial Services Authority. It has offices in Limassol (pictured above).

Tickmill’s expansion in the Middle East appears to be driven by the region's growing trading demand with Finance Magnates recently reporting that Tickmill’s trading volumes from the Middle East and North Africa (MENA) region surged by 54% in the first half of 2024, surpassing $135 billion. The number of active clients in the region on the platform also reached record highs, reports said.

Read More

New venue MUNCH Diner brings feel-good flavours to Ayia Napa Marina
Calling teenage girls worldwide: Join the free FEM online program and unlock leadership potential
Aphrodite Hills Resort announces major investment plan
Tickmill opens Oman office to offer local support to traders
City of Dreams Mediterranean provides daily meals and emergency accommodation to wildfire victims
Vineyards burn to the ground as casualties of the wildfires
GDEV sets up internal response hub and AI bot to assist wildfire efforts
XM pledges €5m for wildfire victims
Richard Melton: "It’s easy to see why Limassol continues to attract HNWIs"
Cyprus' business community steps up as wildfires ravage the island