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 and Tickmill are prominent online brokers, each offering distinct advantages for traders considering commissions and fees. Pepperstone stands out with its Razor account, which pairs well with high-volume trading through the Active Trader program. It offers average spreads of 0.10 pips on the EUR/USD, but when combined with a commission-equivalent of 0.70 pips, the total cost rises to an industry-standard 0.80 pips. However, its commission-free Standard account is less appealing with a higher spread of 1.1 pips on the same currency pair. In the commissions and fees category, Pepperstone earns a solid 4.5-star rating and ranks 10th out of 63 brokers, indicating its competitive yet slightly less favorable standing compared to top-tier peers.
On the other hand, Tickmill excels with its Raw account, offering some of the best conditions for active traders even after increasing its commission rate to $6 per standard lot. The Raw account provides a typical spread of 0.11 pips for the EUR/USD, leading to a competitive all-in cost of 0.71 pips when including commission. Tickmill's Classic account is commission-free but comes with a higher spread of 1.76 pips. Despite recent changes, Tickmill remains a go-to choice with its excellent spreads and low entry barriers. Its competitive offering secures it a 5-star rating and a 4th-place ranking in commissions and fees among 63 brokers.
In summary, both Pepperstone and Tickmill provide compelling options for different types of traders. Pepperstone offers benefits for high-volume traders through its Razor account, while Tickmill maintains an edge with some of the lowest all-in costs through its Raw account. Both brokers present viable options, but Tickmill slightly edges out in terms of value and overall rating for commission-based trading.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.00 | 0.51 |
| All-in Cost EUR/USD - Active | 0.70 | 0.31 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone and Tickmill are popular online brokers offering a comprehensive selection of investment options for traders. Both brokers provide forex trading as a CFD or spot contract, with Pepperstone featuring 65 tradeable forex pairs and Tickmill offering 63. When it comes to the total number of tradeable symbols, Pepperstone provides significantly more with 1,726 compared to Tickmill’s 725. Neither broker offers exchange-traded securities on U.S. or international exchanges, meaning you cannot purchase stocks like Apple or Vodafone directly through them. Both platforms, however, do allow for copy trading and provide the ability to trade cryptocurrency derivatives, but neither offers the capability to purchase actual cryptocurrencies.
In terms of investment range ratings, Pepperstone is rated 4 stars and ranked 26th out of 63 brokers by ForexBrokers.com, indicating a slightly stronger offering compared to Tickmill, which holds a 3.5-star rating and is ranked 42nd in the same category. For traders who prioritize a wider variety of symbols and slightly more forex pairs, Pepperstone may stand out as the preferable choice. However, for those who are primarily focused on forex trading, both platforms deliver a similar experience with comprehensive support for CFDs and spot contracts, alongside features like copy trading and cryptocurrency derivatives.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 725 |
| Forex Pairs (Total) | 65 | 63 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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 provide great tools for those looking to explore various trading platforms. Each broker offers a simulated trading experience through free virtual demo accounts, making it easy for beginners to get started. While Tickmill relies on popular platforms like MetaTrader 4 and 5, Pepperstone goes a step further by offering its own in-house platform. Both companies provide downloadable trading software for Windows and web-based platforms that can be accessed through a browser. For those interested in copy trading, both brokers offer this feature, although Pepperstone also supports DupliTrade, unlike Tickmill.
Charting capabilities differ slightly between the two, with Pepperstone providing 30 drawing tools compared to Tickmill's 15. Both brokers allow trading directly from stock charts and offer watch lists with seven fields. Despite their similarities, including both being rated four out of five stars for their platforms and tools, Pepperstone holds a higher ranking (#22) compared to Tickmill (#32) out of 63 brokers according to ForexBrokers.com. This minor edge might appeal to traders who value slightly more advanced charting options and access to proprietary tools.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Tickmill both offer fully functional mobile trading apps for both iPhone and Android users, equipped with features that cater to traders of all levels. Both platforms allow users to set price alerts for stocks or forex, ensuring they can react swiftly to market changes. They also offer advanced charting capabilities, providing 30 technical studies and the ability to draw trendlines. Additionally, users can view multiple time frames, such as daily, weekly, or intraday, and enjoy real-time quotes in their watchlists.
However, a notable difference is that Pepperstone supports watchlist symbol syncing, allowing changes made on your mobile app to instantly reflect on your online account, which Tickmill does not offer. Both apps auto-save drawings, ensuring any technical analysis is preserved effortlessly. Despite Tickmill's strong offering, Pepperstone edges ahead in mobile trading app rankings, positioned at #21 compared to Tickmill's #32, according to ForexBrokers.com, although both receive a solid 4-star rating for overall user experience.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone and Tickmill both excel in providing essential market commentary and forex news from well-established sources such as Bloomberg and Reuters. For traders keen on technical analysis, Pepperstone takes the lead by offering Autochartist tools, while both brokers currently do not provide access to Trading Central's Technical Analytics. Sentiment trading tools that display the ratio of long or short positions are available on both platforms, offering insights into market trends. Although neither broker offers market research from TipRanks, Tickmill gains an edge by featuring tools from Acuity Trading, specifically the Signal Centre.
When it comes to additional resources, both Pepperstone and Tickmill include economic calendars to help traders keep track of global news events. The research capabilities of Pepperstone are reflected in its 4.5-star rating and a commendable 12th rank among 63 brokers according to ForexBrokers.com. In comparison, Tickmill holds a 4-star rating and is ranked 22nd, highlighting Pepperstone as a slightly more preferred choice for traders focusing on research tools and insights.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both Pepperstone and Tickmill provide a comprehensive selection. Pepperstone offers a minimum of 10 educational pieces focused on forex or CFDs, along with monthly online webinars and a searchable archive of past webinars. They have a broad range of beginner-focused educational videos and an investor dictionary that covers over 50 investing terms. Tickmill mirrors these offerings, with an equal emphasis on providing plentiful educational materials, regular webinars, recorded archives, and beginner trading videos. Both brokers ensure beginners have access to the necessary tools to gain foundational knowledge in trading.
While both Pepperstone and Tickmill are strong contenders in the educational space, there are minor differences in their overall ratings. Pepperstone holds a slightly higher education rating of 4.5 stars, compared to Tickmill’s 4-star rating. However, Tickmill ranks slightly higher at 15th place in the Education category according to ForexBrokers.com, whereas Pepperstone ranks 17th. This slight difference in rankings and ratings may influence a beginner trader's choice, depending on their specific educational preferences and priorities.
| Feature |
Pepperstone
|
Tickmill
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | 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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Both Pepperstone and Tickmill do not offer the ability to buy actual (delivered) cryptocurrency, but they do enable trading in cryptocurrency derivatives.
Pepperstone and Tickmill both allow deposits and withdrawals via PayPal, Skrill, Visa/Mastercard, and bank wire transfers, but only Pepperstone offers the additional options of ACH and SEPA transfers for managing account funds.
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) | No | No | |
| 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 | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Pepperstone | Tickmill | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 725 | |
| Forex Pairs (Total) | 65 | 63 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | 1.00 | 0.51 | |
| All-in Cost EUR/USD - Active | 0.70 | 0.31 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Tickmill | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Pepperstone | Tickmill | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Pepperstone | Tickmill | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Pepperstone | Tickmill | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Tickmill | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Pepperstone | Tickmill | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| 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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