Tickmill has stepped up the localisation of its offerings in the United Arab Emirates with its latest partnership with Mashreq Bank to provide local payments to its brokerage platforms.
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Enabling Localised Payment Modes
According to the official press release, the new bank partnership will allow Tickmill users to deposit and withdraw funds in both AED and USD.
Mohamed Abdelbaki, the Regional Marketing Manager of Tickmill
“By introducing this local payment method, we are not only making it easier for our clients to fund their accounts but also reaffirming our commitment to providing them with secure, seamless solutions that meet their actual needs,” said Mohamed Abdelbaki, Regional Marketing Manager at Tickmill.
MENA Traders Have Deep Pockets
The payment localisation came as brokers were witnessing strong demand for their services from UAE-based traders.
Recently, Capital.com revealed that 52 per cent of its total trading volume in the first half of 2025 came from the Middle East and North Africa (MENA). Interestingly, UAE traders alone generated 71.7 per cent of the region’s total volume. Although Capital.com has only 35,000 MENA traders compared to 61,400 in Europe, the latter contributed only 14.9 per cent of the global total, highlighting the attractiveness of the Gulf.
CFI Financial, another Middle East-focused CFDs broker, handled a record $1.51 trillion in trading volume during the second quarter of 2025. In comparison, the broker’s trading volume for the entire year of 2024 was $2.79 trillion.
Although Tickmill’s latest numbers from the region remain unknown, it handled $135 billion in trading volume in the first half of 2024, which then grew by 54 per cent.
Tickmill is also investing in the region and recently opened a local office in Oman to provide local support to clients in the country and nearby markets.
Meanwhile, several other brokers are also gaining licences in the UAE. While some big names like Plus500 and XTB opted for a full brokerage licence in the country, most of the brands opted for the promotional licence, which is more or less equivalent to an introducing brokerage authorisation in the country.
Read more about Tickmill:
Tickmill has stepped up the localisation of its offerings in the United Arab Emirates with its latest partnership with Mashreq Bank to provide local payments to its brokerage platforms.
Join IG, CMC, and Robinhood in London’s leading trading industry event!
Enabling Localised Payment Modes
According to the official press release, the new bank partnership will allow Tickmill users to deposit and withdraw funds in both AED and USD.
Mohamed Abdelbaki, the Regional Marketing Manager of Tickmill
“By introducing this local payment method, we are not only making it easier for our clients to fund their accounts but also reaffirming our commitment to providing them with secure, seamless solutions that meet their actual needs,” said Mohamed Abdelbaki, Regional Marketing Manager at Tickmill.
MENA Traders Have Deep Pockets
The payment localisation came as brokers were witnessing strong demand for their services from UAE-based traders.
Recently, Capital.com revealed that 52 per cent of its total trading volume in the first half of 2025 came from the Middle East and North Africa (MENA). Interestingly, UAE traders alone generated 71.7 per cent of the region’s total volume. Although Capital.com has only 35,000 MENA traders compared to 61,400 in Europe, the latter contributed only 14.9 per cent of the global total, highlighting the attractiveness of the Gulf.
CFI Financial, another Middle East-focused CFDs broker, handled a record $1.51 trillion in trading volume during the second quarter of 2025. In comparison, the broker’s trading volume for the entire year of 2024 was $2.79 trillion.
Although Tickmill’s latest numbers from the region remain unknown, it handled $135 billion in trading volume in the first half of 2024, which then grew by 54 per cent.
Tickmill is also investing in the region and recently opened a local office in Oman to provide local support to clients in the country and nearby markets.
Meanwhile, several other brokers are also gaining licences in the UAE. While some big names like Plus500 and XTB opted for a full brokerage licence in the country, most of the brands opted for the promotional licence, which is more or less equivalent to an introducing brokerage authorisation in the country.
Read more about Tickmill: