Tickmill Enters Oman With New Office And Partnership

On July 24, 2025, forex broker Tickmill announced a strategic partnership with ProTrade Investment, marking the official entry of multi-asset broker into Oman as part of a broader expansion into the Middle East. Forex broker Tickmill plans to establish a regional hub in Muscat to serve traders in Oman and the wider MENA region.

This move reflects Tickmill's long-term strategy to support the continued demand for online trading services in the Middle East. "This is evidence of our long-term commitment to the Arab world and our strategic vision to support local traders with world-class tools, education, and services," said Sudhanshu Agarwal, CEO of Tickmill.

While the United Arab Emirates (UAE) has long been a primary destination for brokers due to favorable tax structures and a larger market, Oman is gradually emerging as an attractive alternative. Despite being smaller in size— with a population of around 5 million compared to 10.5 million in the UAE—Oman offers a significantly lower cost of living, making it a more cost-efficient operational base. Oman's GDP per capita is $21,000, less than half of the $49,000 in the UAE, but still represents untapped opportunities for financial service providers.

Tickmill's expansion follows a strong performance in 2024. In previous forex broker news, Tickmill reported a 54% increase in trading volume in the first half of this year, surpassing $135 billion, and setting a new record for the number of active clients in the region.