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In finance, a contract for difference (CFD) is a contract between two parties, typically described as "buyer" and "seller", stipulating that the seller will pay to the buyer the difference between the current value of an asset and its value at contract time.
The foreign exchange market is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines the foreign exchange rate. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the Credit market.
A precious metal is a rare, naturally occurring metallic chemical element of high economic value. Chemically, the precious metals tend to be less reactive than most elements. They are usually ductile and have a high lustre. Historically, precious metals were important as currency but are now regarded mainly as investment and industrial commodities. Gold, silver, platinum, and palladium each have an ISO 4217 currency code.
Tickmill was founded in August 2014 in Mahe, Seychelles. In January 2015, the company started providing retail brokerage services.[4]
Mahé is the largest island (157.3 km²) of Seychelles, lying in the northeast of the nation in the Indian Ocean. The population of Mahé was 77,000, as of the 2010 census. It contains the capital city of Victoria and accommodates 86% of the country's total population. The island was named after Bertrand-François Mahé de La Bourdonnais, a French governor of Isle de France.
Tickmill began its CFDs operations in March 2015, providing US, UK, European, German and Japanese stock indices, as well as WTI crude oil. [5]
A stock index or stock market index is a measurement of a section of the stock market. It is computed from the prices of selected stocks. It is a tool used by investors and financial managers to describe the market, and to compare the return on specific investments.
West Texas Intermediate (WTI), also known as Texas light sweet, is a grade of crude oil used as a benchmark in oil pricing. This grade is described as Medium crude oil because of its relatively low density, and sweet because of its low sulfur content. It is the underlying commodity of New York Mercantile Exchange's oil futures contracts.
In June 2015, Tickmill announced the launch of its Introducing Broker (IB) program.[6]
In August 2015, the company introduced VIP accounts and added the HK50 stock index to meet the demands of Asian clients.[7]
In 2015, Tickmill joined forces with BeeksFX to provide its traders with a reliable low latency VPS solution to traders.[8]
A virtual private server (VPS) is a virtual machine sold as a service by an Internet hosting service. The virtual dedicated server (VDS) has also a similar meaning.
In March 2016, Tickmill introduced the Multi Account Manager (MAM) solution, which helped professional money managers to trade on behalf of their clients. Furthermore, the company started to offer Islamic accounts that are compliant with the Sharia law.[9]
On 29th July 2016, Tickmill obtained a license from the UK regulator, the Financial Conduct Authority (FCA) for its UK entity, Tickmill UK Ltd. The firm appointed Duncan Anderson as Tickmill UK Ltd's Chief Executive Officer (CEO) who has extensive experience in the financial services industry, has worked in several exchanges and has held various management positions in financial services firms.[10][11]
In January 2017, Tickmill introduces Autochartist technical analysis tool, enabling traders to identify support and resistance levels, evaluate risk possibility, optimise stop loss and take profit levels, improve market entry and exit points, and capitalise on market-moving news events.[12]
In May 2017, Tickmill launched Tickmill Prime, providing brokers, banks, hedge funds, money managers and professional traders with access to FX and CFD liquidity, technology and white label solutions.[13]
In July 2017, Tickmill added CFDs on bonds to its product offering, introducing 4 CFDs on German government bonds.[14]
In September 2017, Tickmill Group completed the acquisition of a majority stake in Vipro Markets Limited, a CySEC-regulated investment firm. As part of the acquisition, Tickmill injected $2.20 million into the share capital of Vipro Markets.[15]
In October 2017, Tickmill introduced cryptocurrencies, by adding Bitcoin CFDs to its range of trading instruments.[16]
The Tickmill Group, comprised by Tickmill UK Ltd, Tickmill Europe Ltd and Tickmill Ltd, reported a consolidated net profit of $14.81 million in 2017, a net trading revenue of $38.96 million, a total trading volume of $745 billion notional value and 42.58 million trades executed in total in 2017.[17]
In September 2018, Tickmill announced its consolidated net profit for the first half of the year which amounted to $14.97 million. The trading volume came in at $624 billion; a figure which almost doubled the Group’s 2017 first half net profit reported at $332 billion.[18]
In October 2018, Tickmill announced that during September it had processed $117.7 billion. This was the highest trading volume to have been processed by the Tickmill Group.[19] The record-breaking figure was surpassed a month later with the Group announcing that October 2018 was its most successful month ever with $145.53 billion in trading volume. [20]
Tickmill also offers the Myfxbook AutoTrade (copy trading platform) service. AutoTrade allows copying trades from different systems and adds them to the client's MetaTrader 4 account. [25]
The website is available in 15 languages, including English, Indonesian, Chinese, Russian, Spanish, Arabic, Polish, German, Italian, Korean, Thai, Vietnamese, Malay, Portuguese and Japanese.[26]
International events and expos
On 21-23 February 2017, Tickmill attended the iFX EXPO Asia in Hong Kong as an Executive Lounge Sponsor. The company hosted a workshop, which was presented by the CEO Duncan Anderson.[27]
On 24-25 March 2017, Tickmill attended the FxCuffs 2017 in the ICE Krakow Congress Centre, Poland as a Gold Sponsor.[28]
On 18-19 May 2017, Tickmill took part in the ITForum Expo 2017 in Rimini, Italy. The team hosted multiple live workshops with renowned Italian trading professionals. [29]
On 23-25 May 2017, Tickmill attended the iFX EXPO International 2017 in Limassol, Cyprus, to present its newly launched FX liquidity arm Tickmill Prime. The Tickmill UK CEO Duncan Anderson was invited to be one of the panellists at the trademark CEO Panel.[30]
On 17-18 November 2017, Tickmill attended the World of Trading 2017 expo in Frankfurt, Germany, as a Silver Sponsor. The broker hosted a series of free seminars led by industry experts. [31]
On 23-25 January 2018, Tickmill sponsored the iFX EXPO Asia 2018 in Hong Kong for the second time as an Executive Lounge Sponsor. The broker hosted a workshop on how to build partnerships and about the trends of the Introducing Broker industry. [32]
On 16-17 March 2018, Tickmill participated for the second time in the FxCuffs 2018 expo in Krakow, Poland, as a Gold sponsor. [33]
On 14-15 June 2018, Tickmill took part in the ITForum Rimini 2018 in Italy for the second time in a row.[34]
On 23 June 2018, Tickmill attended the Forex Day 2018 expo in Madrid, Spain. [35]
Awards
"Most Trusted Forex Broker" 2015-2016 Chinese Forex Expo Awards
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