Tickmill UK’s 2025 Trading Revenue Dropped 11% Despite Demand Increase

Tickmill's UK business recorded an 11% drop in trading revenue for 2025, a decline that occurred even as demand for trading increased over the same period. The figures, drawn from the broker's own reporting, did not include a breakdown of client numbers, trading volumes or operating costs, leaving the gap between rising demand and falling revenue unexplained in the disclosure.

The Tickmill result appeared alongside a wider set of broker, platform and fintech updates in the day's market round-up, which also pointed to an apparent push by Capital.com into the UK cryptocurrency market and an Indonesian regulatory approval secured by trading software provider Devexperts.

Wider industry news flow

The same round-up covered Trade Republic's decision to give some clients in Portugal just two days to move their accounts, relief granted to eToro and Alpaca by the US Securities and Exchange Commission, the European Central Bank's launch of the Pontes initiative, and Revolut's explanation of a banking model that depends comparatively little on lending.

Taken together, the items show how broadly the pressure points for brokers and trading platforms now spread: from headline revenue at established FX and CFD brands, through licensing and market access questions, to the payment and settlement infrastructure that underpins retail trading.

For UK-regulated brokers, revenue performance remains the key measure that clients, counterparties and prospective partners watch, particularly when trading activity and revenue move in opposite directions. Tickmill's UK entity has not indicated what drove the divergence, and no forward guidance was provided in the update.

Other items in the round-up, including the Indonesian approval for Devexperts and the SEC relief for eToro and Alpaca, reflect continuing regulatory movement across different jurisdictions, while the ECB's Pontes launch and Revolut's lending-light model touch on the wider infrastructure and banking backdrop against which brokers and platforms operate.