To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare Pepperstone vs TickMill.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Both Pepperstone and TickMill are rated 4.00 stars.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Pepperstone and TickMill both are regulated in a major hub. Neither Pepperstone and TickMill are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. TickMill boasts an offering of 62 different currency pairs compared to Pepperstone's 59 available pairs.
To round out our comparison of Pepperstone vs TickMill, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Both Pepperstone and TickMill offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Both Pepperstone and TickMill provide clients with access to 31 total charting tools. Pepperstone and TickMill offer the same number of indicators (eg, volume), 51.
Overall, Pepperstone takes the upper hand with 4.00 stars over TickMill's 3.50 stars. And, when it comes to individual category awards, Pepperstone finished with awards Best in Class - Customer Service and Best in Class - Active Trading in 2018, while TickMill came up with none of these.