Financial services provider Tickmill Group’s UK business arm Tickmill UK Limited has released its trading metrics for the financial year 2021, ended on 31 December.
According to a Companies House filing, the FCA-regulated company saw 85.9% jump in pre-tax profits last year, reaching £1.48 million, compared to £796,121 in the previous year.
Net income for the year stood at £1.27 million, up from 2020’s £677,290.
However, the UK broker’s revenue for the year dropped 8.9% to £7.69 million, compared to the previous year’s £8.44 million.
The trading volume in 2021 remained almost flat at $195 billion, just slightly below 2020’s $196 billion. The decrease was driven by a 12% fall in the number of trades on the trading platform, coming in at 8.6 million from 9.8 million.
The number of new clients also suffered a loss with 3,947 clients onboarded during the last year. The number is 40% lower from to 6,618 in the previous fiscal year.
The company stated:
For the twelve months ended on 31 December 2021, trading conditions were again affected by fluctuations in market volatility as a result of the global COVID pandemic that has dominated much of 2020 and 2021.
Tickmill recently added a list of 100 new CFD stock asset class to its product offering. In the beginning of the year, the company added CFDs from the Small Exchange.
