Tickmill and Mashreq Bank Introduce Local Payment Services for UAE Clients

The financial markets in the Middle East are bustling, and everyone is watching! Traders in the United Arab Emirates (UAE) are showing great and increasing interest, prompting global brokers to vie for expansion there. The biggest challenge? Providing super fast, secure transactions, and most importantly, currency-based transactions for these regional traders.

Forex broker Tickmill officially addresses this challenge by collaborating with Mashreq Bank in the UAE. This new partnership is good news for clients of the low spread broker in the region.

Now, clients of forex broker Tickmill no longer need to deal with complicated international payment processes. They can easily deposit and withdraw funds directly in local currencies, AED and USD.

Mohamed Abdelbaki, Regional Marketing Manager at Tickmill, emphasizes the importance of this step: "With this local payment method, we want to make it easy for clients to fund their accounts while ensuring safe, fast, and market-customized services." Essentially, they prioritize convenience and speed to meet the high expectations of traders in the UAE.

This step highlights the undeniable financial strength of the MENA region. Reports confirm rapidly growing activity in this area: for example, a report from Capital.com shows that more than half of their trading volume in the first half of 2025 came from the MENA region, with the UAE alone accounting for 71.7% of all regional transactions!

Moreover, CFI Financial recorded a trading volume of $1.51 trillion in the second quarter of 2025—a figure that is almost equivalent to their total trading volume throughout 2024. These numbers prove that MENA traders have significant financial power, a factor that continues to attract leading international brokers.

Although Tickmill has not released specific volume data for the UAE, the broker is clearly focused on expansion in the Middle East. In a previous forex broker news report, it was reported that globally, they recorded an impressive 54% growth in the first half of 2024, with total transactions reaching $135 billion.