Tickmill Partners with Mashreq Bank to Localize UAE Payments

Tickmill partners with Mashreq Bank to enable AED and USD deposits and withdrawals, boosting UAE traders’ payment options. The collaboration will allow clients to transact seamlessly in both UAE dirhams (AED) and US dollars (USD), offering greater convenience and trust for the region’s fast-growing retail trading community.

According to the broker, the move is designed to align with the needs of UAE-based traders, who have increasingly become a lucrative segment for global brokerage firms.

“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.

Tickmill Partners with Mashreq Bank to Localize UAE Payments

The UAE has emerged as one of the most attractive hubs for retail traders. Recent industry data shows the region contributing significantly to global volumes. Capital.com disclosed that 52 percent of its total trading volume in the first half of 2025 originated from the Middle East and North Africa (MENA). Within that, UAE traders accounted for an outsized 71.7 percent of the region’s activity, underscoring the country’s influence in the global retail trading market.

Similarly, CFI Financial, a MENA-focused broker, reported handling $1.51 trillion in trading volume in Q2 2025 alone—more than half of its total annual volume for 2024.

Tickmill itself saw strong momentum, recording $135 billion in trading volumes during the first half of 2024, before achieving a 54 percent increase later in the year. Although the broker has not disclosed its latest MENA-specific figures, its expanding footprint suggests an upward trajectory.

The Mashreq Bank tie-up comes alongside Tickmill’s broader investments in the Gulf. The company recently opened a local office in Oman to bolster client support across nearby markets.

Meanwhile, competition in the UAE continues to intensify. Several global brokers, including Plus500 and XTB, have secured full brokerage licences in the country, while others have opted for promotional licences—granting them permission to operate as introducing brokers.

By localizing payments through Mashreq, Tickmill positions itself to capture a larger share of the UAE’s retail trading boom, where traders are showing both strong participation and deeper capital commitments.

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