The Tickmill broker has just published its 2020 financial report ending December 31. The London-based broker saw a slight increase in revenue of 6 percent at £8.4 million just from UK operations.

It should be noted that the statistics listed only represent the brokerage of Tickmill UK and not the overall income of the Tickmill Group.

Addition of Thousands of New Accounts

Tickmill experienced an increase in the number of clients, with the opening of 6,618 new accounts in the period, or 41 percent higher than in 2019. Tickmil recorded a total of 38,797 new accounts during 2020.

Tickmill CEO, Duncan Anderson, noted Tickmill's outstanding performance last year coupled with revenue growth, enabling Tickmill to invest further into our technology sector and expand product offerings. Tickmill provides their clients around 80 forex instruments covering currency pairs and CFDs on indices, commodities, bonds, and Exchange Traded Derivatives (ETDs).

Anderson added the variety of trading instrument offerings, such as the availability of futures and options assets, will also be an advantage for Tickmill, among other brokers.

On the other hand, the company's operating profit declined with the increase in administrative costs. This was especially the case as Tickmill had significantly increased its headcount and moved to new premises, which resulted in a net profit of just £677,290 for 2020.