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 |
When comparing the commissions and fees between Pepperstone and Tickmill, both online brokers offer appealing options for different types of traders. Pepperstone, rated 4.5 stars for its commissions and fees, is ranked 10th out of 62 brokers by ForexBrokers.com. It provides competitive pricing through its Razor account, especially when combined with the Active Trader program, making it a solid choice for high-volume traders. The Razor account features an average spread of 0.10 pips for the EUR/USD and a commission-equivalent of 0.70 pips, bringing the total cost to 0.80 pips. However, Pepperstone's Standard account, which is commission-free, has higher spreads at 1.1 pips, making it a less attractive option cost-wise.
On the other hand, Tickmill, with a 5-star rating and ranked 4th out of 62 brokers, stands out with its Raw account, formerly known as the Pro account. Despite a recent increase in its commission structure to $3 per side, Tickmill remains an excellent choice for active traders. The Raw account offers a low average spread of 0.11 pips for the EUR/USD, and when combined with the updated commission, brings the all-in cost to a competitive 0.71 pips. In contrast, Tickmill's Classic account is commission-free but has significantly higher spreads averaging 1.76 pips.
Both brokers cater to professional clients with rebates and reduced spreads for high volume trading. Pepperstone offers a rebate structure that adjusts based on monthly trading volume, with potential spread reductions up to 25% in certain regions. Meanwhile, Tickmill maintains a low barrier to entry for its Raw account, requiring a minimum deposit of just $100, and excels in providing low-cost spreads and efficient execution policies even after increasing the per-trade commission. Ultimately, the choice between Pepperstone and Tickmill will depend on the specific needs and trading volumes of the individual trader.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.00 | 0.51 |
| All-in Cost EUR/USD - Active | 0.70 | 0.31 |
| 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 and Tickmill are two popular online brokers, both offering a variety of trading options for investors. When it comes to forex trading, both brokers provide access via CFDs or spot contracts. Pepperstone outshines Tickmill in terms of the total number of available tradeable symbols, offering 1,726 compared to Tickmill's 725. However, including forex pairs, they are quite close, with Pepperstone offering 65 pairs and Tickmill providing 63. Although neither broker allows the purchase of exchange-traded securities on U.S. or international exchanges, they both support copy trading and offer cryptocurrency trading through derivatives, rather than actual cryptocurrencies.
In terms of their range of investments, Pepperstone earns a slightly higher rating on ForexBrokers.com, scoring 4 stars, while Tickmill holds a 3.5-star rating in this category. Looking at their rankings out of 62 brokers, Pepperstone secures the 26th position, showcasing a more expansive offering than Tickmill, which is ranked 42nd. Whether you're interested in forex or looking to explore cryptocurrency derivatives, Pepperstone generally offers a broader array of options, making it a strong choice for investors seeking diversity in their online trading portfolios.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 725 |
| 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 and Tickmill both cater to traders with a variety of platforms and tools. They each offer free virtual demo accounts, allowing users to practice without financial risk. While both brokers provide MetaTrader 4 (MT4) and MetaTrader 5 (MT5), only Pepperstone offers a proprietary platform developed in-house. For those who prefer web-based trading, both brokers have browser platforms, and they also support Windows-based desktop versions. Additionally, Pepperstone and Tickmill facilitate copy trading, though Pepperstone takes things a step further by including DupliTrade, which Tickmill does not offer.
Charting capabilities vary between the two brokers, as Pepperstone provides 30 drawing tools compared to Tickmill's 15. Both allow trading directly from the stock chart, making for a more streamlined experience. For watch lists, each broker offers seven columns or fields. In terms of user satisfaction, both are rated four out of five stars for trading platforms and tools, but Pepperstone is slightly ahead in the industry ranking at #22 compared to Tickmill’s #32, according to ForexBrokers.com.
| 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 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| 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 comprehensive mobile trading apps compatible with iPhone and Android devices. Users can expect stock and forex price alerts, drawing tools like trendlines, and the ability to view charts across multiple time frames from both brokers. Each app supports the creation of watchlists with real-time quotes. While both apps include 30 technical studies for chart analysis, a key difference is that Pepperstone provides watchlist symbol syncing, allowing changes to sync across mobile and online platforms, whereas Tickmill does not offer this feature.
In terms of user satisfaction, both Pepperstone and Tickmill have earned a solid 4-star rating for their mobile trading apps. However, when evaluated by ForexBrokers.com, Pepperstone is ranked at #21 out of 62 brokers in the Mobile Trading Apps category, while Tickmill holds the #32 spot. This ranking indicates a slightly higher recognition for Pepperstone in the mobile trading sphere, providing an edge to those searching for a seamless trading experience on the go.
| 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.
Pepperstone and Tickmill both excel in providing their users with essential market research tools. For daily market insights, both platforms deliver commentary and source forex news from top-tier outlets like Bloomberg and Reuters, ensuring traders are always informed. While both brokers don’t leverage Trading Central tools, Pepperstone offers exclusive access to Autochartist’s technical analysis tools, which gives it an edge for traders seeking detailed chart patterns and signals. However, Tickmill stands out for its use of Acuity Trading’s Signal Centre, offering diverse research perspectives.
For those interested in sentiment analysis, both Pepperstone and Tickmill provide tools that indicate long or short market positions across various instruments. Further, each broker offers an economic calendar, ensuring that you can track important global economic events. Overall, these features contribute to Pepperstone's higher research rating and ForexBrokers.com ranking, with 4.5 stars and a #12 position out of 62 brokers, compared to Tickmill’s 4 stars and #22 rank. Whether you prioritize Autochartist’s insights or Acuity Trading’s signals, both brokers provide strong foundations for making informed trading decisions.
| 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.
Pepperstone and Tickmill both excel in providing educational resources for beginners interested in forex and CFDs trading. Both platforms offer over ten educational pieces, which include articles, videos, and archived webinars, making them great places for novices to begin their trading journey. For those seeking interactive learning sessions, each broker hosts online webinars at least once a month, and they maintain searchable archives for easy access to past webinars. This ensures constant learning opportunities and a convenient way to revisit complex topics.
For video content, both brokers cater to beginners with a selection of at least ten beginner-focused educational videos. Moreover, their commitment to enhancing the skills of more advanced traders is evident through their additional ten videos covering intricate trading subjects. They also provide comprehensive investor dictionaries with definitions for over 50 trading terms, aiding better understanding of market jargon. Despite offering similar quantities of learning material, Pepperstone slightly edges out with a 4.5-star rating in education compared to Tickmill’s 4-star rating. Ironically, Tickmill is ranked slightly higher at #15 compared to Pepperstone at #17 in ForexBrokers.com's education category out of 62 brokers, indicating both platforms are solid choices for educational content.
| 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 62 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) | No | No | |
| 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 | No | |
| 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) | No | No |
| Investments | Pepperstone | Tickmill | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 725 | |
| 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 | 0.51 | |
| All-in Cost EUR/USD - Active | 0.70 | 0.31 | |
| 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 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| 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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