Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs Tickmill, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pepperstone, founded in 2010, is a well-regarded online broker that is privately held and not a bank. It holds three Tier-1 licenses and two Tier-2 licenses, indicating a strong regulatory standing. With a ForexBrokers.com Trust Score of 95 out of 99, Pepperstone is considered a highly trusted broker, reflecting its commitment to client safety and regulatory compliance.
Tickmill, established in 2014, also operates as a privately held broker and is not categorized as a bank. It possesses two Tier-1 licenses along with two Tier-2 licenses, showing a solid regulatory oversight. Tickmill's ForexBrokers.com Trust Score is 86 out of 99, which deems it a trusted broker. Both Pepperstone and Tickmill offer reliable options, with Pepperstone holding a slight edge in trust and regulatory credentials.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Year Founded | 2010 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 2 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
Pepperstone vs Tickmill on pricing comes down to all-in costs and account types. Pepperstone earns 4.5/5 stars for commissions and fees and ranks #11 of 63, while Tickmill scores 5/5 stars and ranks #4 of 63. On EUR/USD, Pepperstone’s Razor account listed a 0.10‑pip average spread (July 2024); after adding the commission-equivalent of 0.70 pips, the all-in cost is about 0.80 pips. Tickmill’s Raw account listed a typical 0.11‑pip spread (October 2023); with the current $3-per-side commission ($6 per lot, ~0.60 pips), the all-in cost comes to about 0.71 pips during normal market conditions.
Pepperstone offers two main choices. Razor is commission-based and can be used on TradingView, MT4/MT5, or cTrader; its all-in pricing is competitive, especially for active traders. The Standard account is commission-free but showed a higher 1.1‑pip average spread on EUR/USD (July 2024), making it pricier than Razor. Pepperstone’s Active Trader program can lower costs further: in the UK/EU, professional clients trading at least £20 million per month can receive a 15% spread rebate per lot, rising to 25% above £200 million. In Australia, professionals starting from 100 lots over three months qualify for a 10% discount per lot (Tier One), scaling to a 30% reduction for more than 3001 lots monthly (Tier Three).
Tickmill also has two accounts. The Classic account is commission-free but showed much wider average spreads at 1.76 pips (August 2023). The Raw account—now charging $3 per side ($6 per standard lot)—pairs very low typical spreads (0.11 pips on EUR/USD) with a new all-in of about 0.71 pips, keeping it attractive for frequent traders. Tickmill notes its typical spread data reflects normal market conditions, and the Raw account keeps entry simple with a $100 minimum deposit.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.00 | 1.70 |
| All-in Cost EUR/USD - Active | 0.70 | 0.70 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone offers a broader range of investments than Tickmill: 1,726 tradable instruments versus 637, and 65 currency pairs versus 63. Both brokers let you trade forex either as CFDs or spot contracts. You can access cryptocurrency through derivatives at both firms, but neither broker supports buying actual crypto. Likewise, neither offers direct stock dealing on U.S. or international exchanges. Copy trading is available with both.
For traders who want more markets in one place, Pepperstone has the edge, reflected in its 4 out of 5 stars for Range of Investments and a #27 rank out of 63 brokers. Tickmill covers the essentials with fewer symbols and pairs, earning 3.5 out of 5 stars and a #43 rank in the same category.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 637 |
| Forex Pairs (Total) | 65 | 63 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Pepperstone vs Tickmill: both brokers offer free demo (paper) trading, Windows desktop and web platforms, copy trading, and the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Pepperstone also offers a proprietary platform and supports DupliTrade, while Tickmill does not offer a proprietary platform and does not support DupliTrade; neither broker supports ZuluTrade. Both let you place trades directly from charts. For Trading Platforms and Tools, ForexBrokers.com rates both at 4 stars, with Pepperstone ranked #22 out of 63 brokers and Tickmill ranked #30.
Charting and watchlists are comparable, with both brokers providing standard indicator libraries and seven watchlist columns. Pepperstone stands out with 30 drawing tools versus Tickmill’s 9, which may appeal if you like more ways to mark up charts. If you want a broker with a proprietary platform and DupliTrade, Pepperstone has the edge; if you’re fine with the MetaTrader suite and built-in copy trading, Tickmill remains a solid choice.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 91 |
| Charting - Drawing Tools (Total) | 30 | 9 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Tickmill both offer iPhone and Android mobile trading apps and each earns 4 stars for mobile trading. On charts, the two apps are evenly matched: you get 30 technical studies, trendline drawing, multiple time frames (intraday to weekly), and drawings that auto-save. Both apps support real-time watchlists and price alerts, making it easy to track stock or forex markets on the go.
The main difference is watchlist syncing. The Pepperstone mobile app syncs watchlist symbols with your online account, so changes carry over across devices; Tickmill does not offer this syncing. Reflecting that edge, Pepperstone ranks #21 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while Tickmill ranks #30. Choose Pepperstone if cross-device watchlist syncing matters to you; pick Tickmill if you want similar charting and alerts and don’t need syncing.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both Pepperstone and Tickmill provide daily market commentary and access to forex news from well-respected sources like Bloomberg and Reuters, helping investors stay well-informed. While both brokers offer sentiment-based trading tools and comprehensive economic calendars, Pepperstone offers an additional edge with Autochartist tools, enhancing their technical and fundamental analysis offerings. However, these specialized tools from Autochartist are not available with Tickmill, which instead compensates by providing research tools from Acuity Trading.
Regarding research ratings, Pepperstone scores slightly higher with 4.5 stars compared to Tickmill’s 4 stars, based on data from ForexBrokers.com. This higher rating is reflected in Pepperstone’s position, ranking 12th out of 63 brokers, while Tickmill comes in at 21st. Investors seeking in-depth analysis may favor Pepperstone for its integration with Autochartist, while those looking for diverse research tools will find Tickmill's partnership with Acuity Trading beneficial.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both Pepperstone and Tickmill provide a comprehensive selection. Pepperstone offers a minimum of 10 educational pieces focused on forex or CFDs, along with monthly online webinars and a searchable archive of past webinars. They have a broad range of beginner-focused educational videos and an investor dictionary that covers over 50 investing terms. Tickmill mirrors these offerings, with an equal emphasis on providing plentiful educational materials, regular webinars, recorded archives, and beginner trading videos. Both brokers ensure beginners have access to the necessary tools to gain foundational knowledge in trading.
While both Pepperstone and Tickmill are strong contenders in the educational space, there are minor differences in their overall ratings. Pepperstone holds a slightly higher education rating of 4.5 stars, compared to Tickmill’s 4-star rating. However, Tickmill ranks slightly higher at 15th place in the Education category according to ForexBrokers.com, whereas Pepperstone ranks 17th. This slight difference in rankings and ratings may influence a beginner trader's choice, depending on their specific educational preferences and priorities.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Pepperstone is better than Tickmill. Pepperstone finished with an overall rank of #16, while Tickmill finished with an overall rank of #22.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 86 |
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Both Pepperstone and Tickmill do not offer the ability to buy actual (delivered) cryptocurrency, but they do enable trading in cryptocurrency derivatives.
Pepperstone and Tickmill both allow deposits and withdrawals via PayPal, Skrill, Visa/Mastercard, and bank wire transfers, but only Pepperstone offers the additional options of ACH and SEPA transfers for managing account funds.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Pepperstone | Tickmill | |
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| Trust Score | 95 | 86 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Tickmill Review |
| Broker Screenshots | Pepperstone | Tickmill | |
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| Regulation | Pepperstone | Tickmill | |
|---|---|---|---|
| Trust Score | 95 | 86 | |
| Year Founded | 2010 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 2 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | Tickmill | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Pepperstone | Tickmill | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Pepperstone | Tickmill | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 637 | |
| Forex Pairs (Total) | 65 | 63 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Pepperstone | Tickmill | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | 1.70 | |
| All-in Cost EUR/USD - Active | 0.70 | 0.70 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Tickmill | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Pepperstone | Tickmill | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Pepperstone | Tickmill | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 91 | |
| Charting - Drawing Tools (Total) | 30 | 9 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | Tickmill | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Pepperstone | Tickmill | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Tickmill | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Pepperstone | Tickmill | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Pepperstone Review | Tickmill Review |
| Overall | Pepperstone | Tickmill | |
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| Trust Score | 95 | 86 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Tickmill Review |
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