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Tickmill Partners with Mashreq to Streamline Trading Payments in UAE

Malaz Madani
Malaz Madani

3 min

Tickmill partners with Mashreq Bank to offer a new payment option in the UAE.

The initiative simplifies AED and USD transactions, enhancing speed and security for clients.

The collaboration strengthens Tickmill’s presence and addresses local investors’ needs.

Mashreq’s involvement boosts trust, offering reliability to both the broker and its users.

This partnership highlights a focus on local solutions, valuable for fintech startups in MENA.

Tickmill, the global trading services provider, has joined forces with Mashreq Bank to roll out a new local payment option in the UAE. The move, announced from Dubai, is designed to make it easier—and faster—for clients to transfer funds in dirhams, with the flexibility to handle both AED and USD transactions. Everything runs through Mashreq’s infrastructure, which is widely regarded in the Emirates as solid and secure.

Mohamed Abdelbaki, Tickmill’s Regional Marketing Manager, was quoted as saying the tie-up marks a significant step in strengthening the company’s UAE footprint. He stressed that the priority is to give investors peace of mind while streamlining the way they fund and withdraw from their accounts.

Now, I’ve had my fair share of run-ins with bank transfers in the Gulf, and let’s be honest, sometimes it’s a bit of a faff waiting days for the funds to clear. Having a trusted local channel could cut out a lot of that waiting around, which I reckon traders will welcome. Speed and reliability can make a world of difference when you’re watching market shifts minute by minute.

Since launching in 2014, Tickmill has been under several respected regulators, from the FCA in the UK to CySEC in Cyprus, as well as the DFSA in Dubai recognising its representative office. For a relatively young firm, it’s managed to build its reputation on solid ground. On the flip side, trading will always carry high risks, so making money moves easier is only part of the broader challenge facing retail investors.

Partnering with Mashreq, one of the UAE’s oldest and most reliable financial institutions, feels spot on for Tickmill’s expansion strategy. It places the broker on firmer local footing and, believe it or not, also gives many small investors a sense of legitimacy when dealing with global platforms. At Arageek, we’ve often heard from young founders across the region that trust in financial systems is half the battle—they get chuffed to bits when they can point to names like Mashreq backing the infrastructure.

All told, this collab shows Tickmill isn’t just thinking globally but paying attention to very local needs. That’s the kind of focus many fintech startups in MENA could learn from. It’s not always about reinventing the wheel—sometimes it’s simply about ensuring smoother, safer ways for people to move their money. And that’s a lesson worth holding onto, even if you’re not in trading at all.

Because, well… I mean, who hasn’t had at least one transfer go pear-shaped before? It’s definately something most of us can relate to.

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