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 |
Pepperstone vs Tickmill on pricing comes down to all-in costs and account types. Pepperstone earns 4.5/5 stars for commissions and fees and ranks #11 of 63, while Tickmill scores 5/5 stars and ranks #4 of 63. On EUR/USD, Pepperstone’s Razor account listed a 0.10‑pip average spread (July 2024); after adding the commission-equivalent of 0.70 pips, the all-in cost is about 0.80 pips. Tickmill’s Raw account listed a typical 0.11‑pip spread (October 2023); with the current $3-per-side commission ($6 per lot, ~0.60 pips), the all-in cost comes to about 0.71 pips during normal market conditions.
Pepperstone offers two main choices. Razor is commission-based and can be used on TradingView, MT4/MT5, or cTrader; its all-in pricing is competitive, especially for active traders. The Standard account is commission-free but showed a higher 1.1‑pip average spread on EUR/USD (July 2024), making it pricier than Razor. Pepperstone’s Active Trader program can lower costs further: in the UK/EU, professional clients trading at least £20 million per month can receive a 15% spread rebate per lot, rising to 25% above £200 million. In Australia, professionals starting from 100 lots over three months qualify for a 10% discount per lot (Tier One), scaling to a 30% reduction for more than 3001 lots monthly (Tier Three).
Tickmill also has two accounts. The Classic account is commission-free but showed much wider average spreads at 1.76 pips (August 2023). The Raw account—now charging $3 per side ($6 per standard lot)—pairs very low typical spreads (0.11 pips on EUR/USD) with a new all-in of about 0.71 pips, keeping it attractive for frequent traders. Tickmill notes its typical spread data reflects normal market conditions, and the Raw account keeps entry simple with a $100 minimum deposit.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 1.00 | 1.70 |
| All-in Cost EUR/USD - Active | 0.70 | 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.
When you compare Pepperstone vs Tickmill on range of investments, Pepperstone offers more markets to trade: 1,726 tradeable symbols versus 637 at Tickmill, plus 65 forex pairs compared with Tickmill’s 63. Both brokers offer forex trading, copy trading tools, and cryptocurrency CFDs, but neither lets you buy actual (delivered) crypto. If you want direct share ownership, note that neither broker supports buying exchange-traded stocks on U.S. or international exchanges.
Independent ratings echo this gap in market coverage: Pepperstone earns 4.0/5 stars for Range of Investments (ranked 27th out of 63 brokers), while Tickmill scores 3.5/5 (ranked 43rd). In short, Pepperstone suits traders who want a larger selection of instruments, while Tickmill offers a more streamlined lineup that still covers the essentials for CFD traders.
| 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 vs Tickmill: both brokers check the key boxes for trading platforms and tools. Each offers a free demo account for paper trading, Windows desktop and web-based platforms, copy trading, and support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can place trades directly from charts with either broker. A key difference is that Pepperstone also provides its own proprietary platform, while Tickmill does not. Exact counts for built-in technical indicators and watchlist columns weren’t specified.
In independent testing by ForexBrokers.com, both Pepperstone and Tickmill earned 4 out of 5 stars for Trading Platforms and Tools. Pepperstone ranked #22 out of 63 brokers in this category, while Tickmill ranked #30. If you want access to an in-house platform alongside MetaTrader, Pepperstone is the better fit; if you’re focused on MetaTrader and copy trading alone, Tickmill still delivers similar core functionality.
| 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 offer mobile trading apps for iPhone and Android. You can set forex and stock price alerts, build watchlists, and study charts on the go. Each app includes 30 technical studies, lets you draw trendlines, and auto-saves your chart drawings for later.
There’s one key difference: Pepperstone syncs watchlist symbols between the mobile app and your online account, while Tickmill does not. Both earned 4 out of 5 stars for Mobile Trading Apps on ForexBrokers.com, yet Pepperstone ranks higher (#21 of 63) than Tickmill (#30 of 63). If synced watchlists are important, Pepperstone has the edge; otherwise, both offer similar charting and alert features for mobile trading.
| 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.
Both Pepperstone and Tickmill provide daily market commentary and access to forex news from well-respected sources like Bloomberg and Reuters, helping investors stay well-informed. While both brokers offer sentiment-based trading tools and comprehensive economic calendars, Pepperstone offers an additional edge with Autochartist tools, enhancing their technical and fundamental analysis offerings. However, these specialized tools from Autochartist are not available with Tickmill, which instead compensates by providing research tools from Acuity Trading.
Regarding research ratings, Pepperstone scores slightly higher with 4.5 stars compared to Tickmill’s 4 stars, based on data from ForexBrokers.com. This higher rating is reflected in Pepperstone’s position, ranking 12th out of 63 brokers, while Tickmill comes in at 21st. Investors seeking in-depth analysis may favor Pepperstone for its integration with Autochartist, while those looking for diverse research tools will find Tickmill's partnership with Acuity Trading beneficial.
| 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 provide forex and CFD education suitable for beginners. Each offers a library that meets the 10+ piece threshold and runs online client webinars at least once a month. New traders also get at least 10 beginner-focused videos from both providers, covering trading topics designed for first-time learners.
Beyond the basics, both Pepperstone and Tickmill also deliver at least 10 advanced videos for when you’re ready to go deeper. For Education overall, Pepperstone is rated 4.5 out of 5 stars and Tickmill is rated 4 out of 5. However, in ForexBrokers.com’s Education rankings (out of 63 brokers), Tickmill places #15 and Pepperstone #17. If you want the higher star rating, Pepperstone has a slight edge; if you prefer the higher category rank, Tickmill comes out ahead.
| 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 #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
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Tickmill
|
|---|---|---|
| Overall Rating |
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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 (SFC 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 | 1.00 | 1.70 | |
| All-in Cost EUR/USD - Active | 0.70 | 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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