Tickmill enters Dubai, obtains necessary permissions under DFSA

Tickmill, a UK-based retail brokerage firm, has announced that it will soon be opening a new office in Emirates Financial Towers. This will enable Tickmill to give access to local traders to a variety of services like education and trading. A specific offering that is likely to catch the major attention is access to financial products like commodities, currencies, and indices.

Founded in 2014, Tickmill has gained sufficient market share in the UK and is now eyeing expansion towards the MENA region. Opening a new office in Dubai is expected to help Tickmill in serving not just the local traders in the region but also other traders across the world. Dubai aims to become the global hub in the financial industry, and players like Tickmill, along with others on the list, are likely to advance the mission.

Opening up a new office in Dubai is a part of Tickmill’s mission to expand in the MENA region, wherein MENA is short for the Middle East & North Africa.

The license obtained by Tickmill from DFSA – the Dubai Financial Services Authority – gives it the right to offer foreign exchange and CFDs to clients irrespective of their size. However, professional and retail clients will have access to the financial products being offered by Tickmill. The retail broker is now one of the regulated forex brokers in the UAE. It had joined the likes of Pepperstone, Swissquote, and ActivTrades, to mention a few.

However, moving forward, the plan of Tickmill is to expand into other regions, including, but not limited to, Kuwait, Qatar, Oman, Bahrain, North Africa, and Saudi Arabia.

What brings Tickmill to Dubai is the growing demand for online solutions to not just payments but also trading. Plus, Dubai is constantly longing to be placed as the hub for the financial industry. Its population is likely to play an important role in making things work with brokerage services. Dubai houses some of the high net worth individuals. They are complemented by investors with an equal level of net worth.

In other words, Dubai has a population that can raise the requirement to a new level for ventures like Tickmill to fulfill.

The new office of Tickmill will provide services that will go beyond the sphere of trading. It will host seminars for new traders and often organize training sessions, ensuring that traders are well-equipped with the current trends of the market. It will attempt to make them familiar with the tools and features of Tickmill that can be leveraged to earn the maximum return. These are services that go on to highlight just how secure is Tickmill for all types of traders.

Tickmill has decided to go with Joseph Dahreih, with the responsibility for heading the new office in Dubai. Joseph will chair the position of country manager and market strategist to make sure that Tickmill expands in every aspect.

Joseph and Tickmill go back more than 5 years, during which they have taken care of expansion for Tickmill in the said region.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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