Is Pepperstone better than Tickmill? After testing 27 of the best forex brokers over five months, Pepperstone is better than Tickmill. While Pepperstone offers a small set of tradeable products, it provides one of the largest selections of third-party platforms, including multiple social copy trading options.
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Pepperstone vs Tickmill 2021
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall Rating
| Feature | Pepperstone | Tickmill |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 92 | 81 |
| Pepperstone Review | Tickmill Review | |
| Winner | check_circle | |
| Between 74-89% of retail CFD accounts lose money | 76% of retail CFD accounts lose money |
Regulation
| Feature | Pepperstone | Tickmill |
| Trust Score | 92 | 81 |
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Year Founded |
2010 | 2014 |
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Publicly Traded (Listed) |
No | No |
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Bank |
No | No |
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Tier-1 Licenses |
2 | 1 |
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Tier-2 Licenses |
2 | 2 |
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Tier-3 Licenses |
1 | 0 |
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Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses (High Trust)
| Feature | Pepperstone | Tickmill |
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ASIC Authorised (Australia) |
Yes | No |
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IIROC Authorised (Canada) |
No | No |
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SFC Authorised (Hong Kong) |
No | No |
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FSA Authorised (Japan) |
No | No |
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MAS Authorised (Singapore) |
No | No |
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FINMA Authorised (Switzerland) |
No | No |
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FCA Authorised (UK) |
Yes | Yes |
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CFTC Registered (USA) |
No | No |
Investments
| Feature | Pepperstone | Tickmill |
|
Forex Trading |
Yes | Yes |
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CFDs (Total) |
127 | 13 |
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Forex Pairs (Total) |
61 | 62 |
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Cryptocurrency (Physical) |
No | No |
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Cryptocurrency (CFD) |
Yes | No |
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Social Trading / Copy-Trading |
Yes | Yes |
Cost
| Feature | Pepperstone | Tickmill |
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Average Spread EUR/USD - Standard |
1.16 (August 2020) | 0.53 (August 2020) |
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All-in Cost EUR/USD - Active |
0.86 (August 2020) | 0.32 (August 2020) |
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Active Trader or VIP Discounts |
Yes | Yes |
Funding
| Feature | Pepperstone | Tickmill |
|
Minimum Initial Deposit |
$200.00 | $100.00 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes |
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PayPal (Deposit/Withdraw) |
Yes | No |
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Skrill (Deposit/Withdraw) |
Yes | Yes |
Trading Platforms
| Feature | Pepperstone | Tickmill |
|
Proprietary Platform |
No | No |
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Desktop Platform (Windows) |
Yes | Yes |
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Web Platform |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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MetaTrader 4 (MT4) |
Yes | Yes |
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MetaTrader 5 (MT5) |
Yes | No |
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cTrader |
Yes | No |
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DupliTrade |
Yes | No |
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ZuluTrade |
No | Yes |
Trading Tools
| Feature | Pepperstone | Tickmill |
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Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watchlists - Total Fields |
(default MT4/cTrader) | (Default MT4) |
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Charting - Indicators / Studies (Total) |
(Standard MT4/cTrader) | (Default MT4) |
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Charting - Drawing Tools (Total) |
(Standard MT4/cTrader) | (Default MT4) |
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Charting - Trade From Chart |
Yes | Yes |
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Charting - Drawings Autosave |
Yes | Yes |
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Order Type - Trailing Stop |
Yes | Yes |
Mobile Trading
| Feature | Pepperstone | Tickmill |
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Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watch List |
Yes | Yes |
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Watch List Syncing |
Yes | No |
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Charting - Indicators / Studies |
Default MT4/cTrader | (Default MT4) |
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Charting - Draw Trendlines |
Yes | No |
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Charting - Trendlines Moveable |
Yes | No |
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Charting - Multiple Time Frames |
Yes | Yes |
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Charting - Drawings Autosave |
No | No |
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Forex Calendar |
No | No |
Research
| Feature | Pepperstone | Tickmill |
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Daily Market Commentary |
Yes | Yes |
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Forex News (Top-Tier Sources) |
Yes | Yes |
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Weekly Webinars |
Yes | Yes |
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AutoChartist |
Yes | Yes |
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Trading Central (Recognia) |
No | No |
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Delkos Research |
Yes | No |
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Social Sentiment - Currency Pairs |
Yes | Yes |
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Economic Calendar |
Yes | Yes |
Education
| Feature | Pepperstone | Tickmill |
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Has Education - Forex |
Yes | Yes |
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Has Education - CFDs |
No | Yes |
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Client Webinars |
Yes | Yes |
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Client Webinars (Archived) |
Yes | Yes |
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Videos - Beginner Trading Videos |
Yes | Yes |
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Videos - Advanced Trading Videos |
Yes | No |
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Investor Dictionary (Glossary) |
Yes | Yes |
Major Forex Pairs
| Feature | Pepperstone | Tickmill |
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GBP/USD |
Yes | Yes |
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USD/JPY |
Yes | Yes |
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EUR/USD |
Yes | Yes |
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USD/CHF |
Yes | Yes |
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USD/CAD |
Yes | Yes |
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NZD/USD |
Yes | Yes |
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AUD/USD |
Yes | Yes |
Overall
| Feature | Pepperstone | Tickmill |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 92 | 81 |
| Pepperstone Review | Tickmill Review |
Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare Pepperstone vs Tickmill.
Does Pepperstone or Tickmill offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Tickmill offers better pricing overall for traders.
Is Pepperstone or Tickmill safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Pepperstone holds 2 global Tier-1 licenses, while Tickmill holds 1. Both Pepperstone and Tickmill hold 2 global Tier-2 licenses. All regulators considered, Pepperstone has a Trust Score of 92.00, while Tickmill's Trust Score is 81.00.
Which trading platform is better: Pepperstone or Tickmill?
To compare the trading platforms of both Pepperstone and Tickmill, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Pepperstone offers a better experience. With research, Pepperstone offers superior market research. Finally, we found Pepperstone to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Pepperstone and Tickmill both offer copy trading. Both Pepperstone and Tickmill offer MetaTrader 4 (MT4).
How many forex pairs and CFDs are available to trade?
Tickmill provides traders 62 currency pairs (e.g., EUR/USD) compared to Pepperstone's 61 available pairs. Forex pairs aside, Pepperstone offers traders access to 127 CFDs while Tickmill has 13 available CFDs, a difference of 114.
Overall winner: Pepperstone
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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
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