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 |
Comparing commissions and fees, Tickmill generally edges out Pepperstone on raw trading costs for active traders. Tickmill’s Raw account posts an estimated 0.71 pips all-in on EUR/USD after its commission increase, while Pepperstone’s Razor account comes in around 0.80 pips. Pepperstone’s commission-free Standard account averages about 1.1 pips, making it the pricier choice among its own offerings. Ratings and rankings: Pepperstone earns 4.5/5 stars and ranks #6 of 63 for Commissions and Fees at ForexBrokers.com, while Tickmill earns 5/5 stars and ranks #10 of 63.
Pepperstone’s Razor account (available on TradingView, MT4/MT5, and cTrader) uses commission-plus-spread pricing. Pepperstone lists a 0.10-pip average spread on EUR/USD and a commission equivalent of 0.70 pips, for an all-in cost near 0.80 pips (around the industry average). The Standard account is commission-free with wider spreads (about 1.1 pips). High-volume traders can cut costs through the Active Trader program: in the U.K. and EU, Professional clients trading at least £20 million per month can earn a 15% spread rebate per lot, improving to 25% beyond £200 million; in Australia, Professional clients need 100 lots over three months to qualify, with Tier One offering a 10% discount per standard lot and Tier Three (over 3001 lots/month) reducing spreads by 30%.
Tickmill offers two clear choices: the Classic account is commission-free but carries wider typical spreads (about 1.76 pips on EUR/USD), while the Raw account delivers the lowest costs via tight spreads plus a $3-per-side commission ($6 per standard lot). Tickmill lists a typical 0.11-pip spread on EUR/USD for the Raw account; when you add the commission (now a 0.6-pip round-turn equivalent), the all-in cost is about 0.71 pips. Despite the recent commission hike, the Raw account remains highly competitive for active traders, with a low $100 minimum deposit.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 1.1 | 1.70 |
| All-in Cost EUR/USD - Active | 0.8 | 0.70 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone vs Tickmill: range of markets compared. Both brokers let you trade forex as CFDs or spot, support copy trading, and offer cryptocurrency CFDs (but not real, delivered crypto). Pepperstone lists 1,726 tradeable symbols with 65 forex pairs, while Tickmill has 637 symbols and 63 pairs. Neither broker provides access to exchange-traded stocks on U.S. or international exchanges; share dealing is not available.
For range of investments, Pepperstone earns 4 stars and ranks 23rd out of 63 brokers at ForexBrokers.com. Tickmill receives 3.5 stars and ranks 30th. If you want a wider selection of instruments and a couple more currency pairs, Pepperstone has the edge; if you only need the essentials, Tickmill still covers forex, CFD trading, copy trading, and crypto CFDs.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 637 |
| Forex Pairs (Total) | 65 | 63 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | 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 check the key boxes for trading platforms and tools. Each broker offers a free demo (paper trading) account, web-based and Windows desktop platforms, copy trading, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and the ability to place orders directly from charts. The key difference: Pepperstone also provides a proprietary, in-house platform, while Tickmill does not.
Both brokers are rated 4 stars for Trading Platforms and Tools. In ForexBrokers.com’s rankings out of 63 brokers, Pepperstone sits at #21 and Tickmill at #24, giving Pepperstone a slight edge. If you want access to a proprietary platform alongside MT4/MT5, choose Pepperstone; if you’re happy with MT4/MT5 across web and desktop, either broker fits well.
| 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) | 15 | 91 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Tickmill both deliver capable mobile trading apps for iPhone and Android. Each app supports price alerts and includes 30 technical studies for charting. Traders can draw trendlines on charts, and drawings save automatically so your analysis is preserved the next time you open the app.
The key difference is watchlists: Pepperstone syncs symbols between its mobile app and your online account, while Tickmill does not. Both are rated 4 stars for Mobile Trading Apps, yet Pepperstone holds a higher position in ForexBrokers.com’s rankings (#19 of 63) compared with Tickmill (#25 of 63). If cross-device watchlist syncing and a slightly higher industry ranking matter to you, Pepperstone has a small edge; otherwise, charting and alerts are on par.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone vs. Tickmill: both brokers deliver daily market commentary, an economic calendar, and a sentiment tool that shows long vs. short positioning. Each streams forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones. The biggest split is in add-on research: Pepperstone includes Autochartist for technical pattern ideas, while Tickmill ties in Acuity Trading (Signal Centre). Neither broker offers Trading Central or TipRanks. For overall research, Pepperstone earns 4.5 stars and ranks #12 out of 63 at ForexBrokers.com; Tickmill earns 4 stars and ranks #19.
If you prefer chart-based trade setups and pattern scanning, Pepperstone’s Autochartist edge may appeal. If you want curated trading signals from a third party, Tickmill’s Acuity Trading integration is the standout. Since both cover the basics—news, calendars, and sentiment—the better choice comes down to whether you value Autochartist’s technical ideas (Pepperstone) or signal-driven insights (Tickmill).
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Pepperstone vs Tickmill: both brokers offer beginner-friendly forex and CFD education that meets a clear standard—each provides well over 10 learning pieces, including videos and archived webinars. New traders can tap into at least 10 beginner video lessons from both brands, and each hosts ongoing client webinars at least once a month. As you progress, both also supply 10+ advanced videos to help you level up.
For overall education quality, Pepperstone earns 4.5 out of 5 stars, while Tickmill scores 4 out of 5. That said, in ForexBrokers.com’s Education category, Tickmill ranks slightly higher at #14 versus Pepperstone at #15 out of 63 brokers. In short, either is a strong pick for beginners seeking structured videos and regular webinars; choose Pepperstone if the higher star rating speaks to you, or Tickmill if the category ranking matters more.
| 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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| Trust Score | 95 | 86 |
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Pepperstone vs Tickmill: neither broker allows you to buy actual (delivered) cryptocurrencies, but both offer cryptocurrency CFD trading.
Pepperstone vs Tickmill: In this online broker comparison of funding options, Pepperstone supports ACH/SEPA, PayPal, and bank wire deposits and withdrawals (but not Skrill), while Tickmill supports PayPal, Skrill, and bank wires but not ACH/SEPA—choose Pepperstone if you need ACH/SEPA and Tickmill if you prefer Skrill.
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 (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 SCA 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. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | 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) - Standard account | 1.1 | 1.70 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.70 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Tickmill | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | 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 | Yes | |
| Charting - Indicators / Studies (Total) | 15 | 91 | |
| 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 | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Pepperstone | Tickmill | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| 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 | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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