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 vs. Tickmill: Pepperstone was founded in 2010, while Tickmill started in 2014. Neither broker is publicly traded or a bank. According to ForexBrokers.com, Pepperstone has a 94/99 Trust Score and Tickmill has 85/99. On this scale, 90–99 is highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted.
In terms of regulation, Pepperstone holds three Tier-1 licenses (the most trusted category) and two Tier-2 licenses. Tickmill holds two Tier-1 and two Tier-2 licenses. That extra Tier-1 authorization helps Pepperstone edge Tickmill for overall trust, backed by its higher score; still, both are well-regulated choices for traders who value clear oversight.
| 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 and Tickmill both offer low-cost trading options, but they appeal to different types of traders. Pepperstone earns 5 stars and ranks #5 out of 36 brokers for commissions and fees. Its best value is the Razor account, which uses commission-based pricing and posted an average EUR/USD spread of 0.10 pips in July 2024. After adding the commission-equivalent cost, the all-in price comes to about 0.80 pips, which is close to the industry average. Pepperstone’s Standard account has no commission, but its average EUR/USD spread of 1.1 pips makes it the pricier choice.
Tickmill is also a strong pick for cost-conscious traders, with a 4.5-star rating and a ranking of #10 out of 36 brokers in the commissions and fees category. Its Classic account is commission-free, but average spreads are wider at 1.76 pips, so it is less appealing for frequent trading. The better option is Tickmill’s Raw account, which charges $3 per side per standard lot and typically shows a EUR/USD spread of 0.11 pips. With commission included, the all-in cost is about 0.71 pips, making it a competitive choice for active traders.
Overall, Tickmill’s Raw account can be a little cheaper on all-in trading costs, while Pepperstone offers a slightly stronger overall score and higher ranking for commissions and fees. If you want the lowest possible active-trading costs, Tickmill may have the edge; if you prefer a broker with top-tier pricing reputation and strong rebate options for high-volume trading, Pepperstone is also an excellent choice.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Minimum Deposit | $10 | $100 |
| Average spread (EUR/USD) - Spread-only account | 1.1 | 1.70 |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 0.70 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone offers a wider range of investments than Tickmill. Both brokers support forex trading as CFDs or spot contracts, and both give access to copy trading and cryptocurrency CFDs. Pepperstone, however, lists 2,631 tradeable symbols compared with Tickmill’s 637, and it offers slightly more forex pairs as well, with 65 versus 62. Pepperstone also stands out because it lets clients buy actual cryptocurrency, while Tickmill does not.
Neither broker offers exchange-traded securities on U.S. or international stock exchanges, so you cannot buy real shares such as Apple or Vodafone through either platform. In ForexBrokers.com’s Range of Investments category, Pepperstone scores 4 out of 5 stars and ranks 23rd out of 36 brokers, while Tickmill scores 3.5 stars and ranks 32nd. Overall, Pepperstone is the stronger choice for traders who want more market options.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2631 | 637 |
| Forex Pairs (Total) | 65 | 62 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | 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 give traders a solid mix of platform choices, including free demo accounts, Windows desktop apps, web-based platforms, MetaTrader 4, MetaTrader 5, copy trading, and the ability to trade directly from charts. That makes either broker a practical pick for beginners who want to practice first and for active traders who prefer familiar tools across desktop and browser access.
The main difference is that Pepperstone also offers a proprietary platform built in-house, while Tickmill does not. In ForexBrokers.com’s Trading Platforms and Tools review, both brokers earned 4 out of 5 stars, though Pepperstone placed higher overall at #21 out of 36 brokers compared with Tickmill at #24, suggesting Pepperstone has a slight edge in this category.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 90 | 97 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Tickmill both make it easy to trade on the go, since each broker offers iPhone and Android apps plus watchlist syncing between the mobile app and your online account. Both apps also let you draw trendlines on charts, and each broker earns a 4-star rating for mobile trading apps. In ForexBrokers.com’s mobile app rankings, Pepperstone comes in at #19 out of 36 brokers, while Tickmill is ranked #25, giving Pepperstone a slight edge overall.
The main differences show up in charting and alerts. Pepperstone includes stock or forex price alerts and automatically saves chart drawings, which can be handy if you switch between devices often. Tickmill does not offer price alerts or auto-saving drawings, but it does provide a much wider set of technical studies in its mobile app, with 97 indicators compared with Pepperstone’s 30. If you want more chart tools, Tickmill stands out; if you prefer alerts and easier chart saving, Pepperstone has the advantage.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 97 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Pepperstone and Tickmill both cover the basics well when it comes to market research, with each offering daily market commentary and an economic calendar to help traders keep track of global events. Pepperstone has the edge for news and sentiment tools, since it provides forex news from top-tier sources like Bloomberg and Reuters, plus a sentiment feature that shows the balance of long and short positions. Tickmill does not offer those two features, but it does include research from Acuity Trading, which Pepperstone does not.
Neither broker offers Autochartist, Trading Central, or TipRanks research. Overall, Pepperstone comes out ahead for research with a 4.5-star rating and a #13 ranking out of 36 brokers, while Tickmill holds a 4-star rating and ranks #19. If you want more news coverage and trader sentiment data, Pepperstone is the stronger pick; if Acuity Trading matters more to you, Tickmill has that added option.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Pepperstone and Tickmill both give beginners a solid range of learning tools. Each broker offers more than 10 forex or CFD education pieces, runs online client webinars at least once a month, and provides at least 10 beginner videos plus 10 advanced videos for traders who want to keep learning. That means either platform can help new traders build a basic understanding of the markets and grow from there.
When it comes to overall education quality, Pepperstone gets a slightly higher score, with 4.5 out of 5 stars for Education compared with Tickmill’s 4 stars. However, Tickmill edges ahead in ForexBrokers.com’s Education ranking, placing #14 out of 36 brokers versus Pepperstone at #15. In simple terms, both brokers are well equipped for beginner education, with Pepperstone rated a bit higher and Tickmill ranked slightly better.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | 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 #17, while Tickmill finished with an overall rank of #23.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
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Tickmill
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| Overall Rating |
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| Trust Score | 94 | 85 |
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Pepperstone stands out from Tickmill by offering the ability to buy actual delivered cryptocurrency as well as cryptocurrency CFDs, while Tickmill only provides cryptocurrency CFDs and does not support purchasing the underlying crypto asset.
Comparing online brokers Pepperstone and Tickmill for deposit and withdrawal options: Pepperstone supports ACH/SEPA along with PayPal, Skrill, and bank wire transfers, while Tickmill lacks ACH/SEPA but does offer PayPal, Skrill, and bank wire transfers; Visa/Mastercard availability is not specified for either.
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 | 94 | 85 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Tickmill Review |
| Broker Screenshots | Pepperstone | Tickmill | |
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| Regulation | Pepperstone | Tickmill | |
|---|---|---|---|
| Trust Score | 94 | 85 | |
| 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 (FSA 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, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Pepperstone | Tickmill | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2631 | 637 | |
| Forex Pairs (Total) | 65 | 62 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | 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) - Spread-only account | 1.1 | 1.70 | |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 0.70 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Tickmill | |
|---|---|---|---|
| Minimum Deposit | $10 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| Trading Platforms | Pepperstone | Tickmill | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | Pepperstone | Tickmill | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | No | |
| Charting - Indicators / Studies (Total) | 90 | 97 | |
| 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 Price Alerts | Yes | No | |
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 97 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | Pepperstone | Tickmill | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Tickmill | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Pepperstone | Tickmill | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | Pepperstone Review | Tickmill Review |
| Overall | Pepperstone | Tickmill | |
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| Trust Score | 94 | 85 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Tickmill Review |
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