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 vs. Tickmill on commissions and fees: both appeal to active traders, but they take different paths to low costs. On EUR/USD, Pepperstone’s Razor account posts about 0.10 pips in spread plus a commission-equivalent of 0.70 pips, for an all-in cost near 0.80 pips (as of July 2024). Tickmill’s Raw account typically shows a 0.11‑pip spread and a $3-per-side commission (now $6 per round turn), which brings the all-in cost to about 0.71 pips. Ratings and rankings: Pepperstone earns 5/5 stars and ranks #6 of 63 for Commissions and Fees; Tickmill scores 4.5/5 stars and ranks #10 of 63 (ForexBrokers.com).
Pepperstone’s fee structure is sharpest on the Razor account (available on TradingView, MT4/MT5, and cTrader). Its Standard account is commission-free but pricier, with about a 1.1‑pip average spread on EUR/USD, making Razor the better value. High-volume traders can cut costs further via the Active Trader program: in the U.K. and EU, professional clients may see forex spread rebates from 15% per lot up to 25% at higher monthly volumes; in Australia, professional clients can qualify for tiered discounts starting around 10% per lot and up to 30% for 3001+ lots per month.
Tickmill’s Raw account replaced the Pro and now charges $3 per side ($6 per standard lot RT), but still delivers low overall pricing thanks to tight typical spreads (about 0.11 pips on EUR/USD). The Classic account is commission-free yet far wider at around 1.76 pips, so most cost-focused traders will prefer Raw. A $100 minimum helps keep the Raw account accessible, and the all-in cost of roughly 0.71 pips remains competitive even after the commission increase.
| 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 and Tickmill both offer forex trading as CFDs, along with copy trading and cryptocurrency CFDs, but neither broker lets clients buy actual shares on U.S. or international exchanges or purchase delivered crypto. Where Pepperstone stands out is in the wider range of markets available: it offers 1,726 tradeable symbols and 65 forex pairs, compared with Tickmill’s 637 symbols and 62 forex pairs. For traders looking for a broader selection of instruments, Pepperstone has the edge.
That broader choice is reflected in independent ratings too. Pepperstone is rated 4 out of 5 stars for Range of Investments and ranks #23 out of 63 brokers at ForexBrokers.com, while Tickmill is rated 3.5 stars and ranks #30. In simple terms, both brokers cover the basics well, but Pepperstone gives traders access to more markets overall.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 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) | 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 | 97 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Tickmill both offer mobile trading apps for iPhone and Android, so traders can manage accounts and place trades from either type of device. Each app also lets users sync watchlists with their online account, and both support drawing trendlines on charts. In ForexBrokers.com’s Mobile Trading Apps category, both brokers are rated 4 out of 5 stars, but Pepperstone holds a better ranking at #19 out of 63 brokers, compared with Tickmill at #25.
Where Pepperstone stands out is in price alerts and chart saving. Pepperstone offers stock and forex price alerts in its mobile app, while Tickmill does not. On the other hand, Tickmill gives traders more charting options, with 97 technical studies compared with Pepperstone’s 30. Pepperstone’s app also auto-saves chart drawings, which Tickmill does not, making Pepperstone the better pick for traders who want more convenience, while Tickmill may appeal to those who want a wider range of chart indicators.
| 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 give traders daily market commentary and an economic calendar, so each platform covers the basics well for staying on top of news and upcoming events. That said, Pepperstone has the edge for market research overall because it also provides forex news from major sources like Bloomberg and Reuters, along with Autochartist tools and a sentiment feature that shows how traders are positioned. Pepperstone is rated 4.5 out of 5 for research and ranks #13 out of 63 brokers in ForexBrokers.com’s research category.
Tickmill also offers daily commentary and an economic calendar, but its research lineup is a bit narrower when compared with Pepperstone. It does not include top-tier forex news, Autochartist, or a sentiment tool, though it does offer research from Acuity Trading, such as Signal Centre. Tickmill is rated 4 out of 5 for research and ranks #19 out of 63, making Pepperstone the stronger choice overall for traders who want more built-in market research tools.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | 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 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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| Overall Rating |
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| Trust Score | 94 | 85 |
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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 | 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) | 1726 | 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) | 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 | No | |
| Charting - Indicators / Studies (Total) | 15 | 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 Watchlist [DELETED] | |||
| 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 | Yes | 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 | |
|---|---|---|---|
| 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 | 94 | 85 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Tickmill Review |
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