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.
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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 and Tickmill are both strong choices for cost-conscious forex traders, but they suit slightly different needs. Pepperstone earns a 5-star rating and ranks #6 out of 36 brokers for commissions and fees, helped by its low-cost Razor account, which had an average EUR/USD spread of 0.10 pips in July 2024. After adding the commission equivalent of 0.70 pips, the all-in cost comes to about 0.80 pips, which is close to the industry average. Its commission-free Standard account is easier to understand, but more expensive overall, with an average EUR/USD spread of 1.1 pips.
Tickmill is also a competitive low-fee broker, earning a 4.5-star rating and ranking #10 out of 36 brokers for commissions and fees. Its Classic account has no commission, but spreads are much wider, with an average EUR/USD spread of 1.76 pips. Tickmill’s better-value option is the Raw account, which uses a commission of $3 per side per standard lot, or $6 round turn. With a typical EUR/USD spread of 0.11 pips, the all-in cost is about 0.71 pips, making it a better fit for active traders than the Classic account.
In simple terms, Tickmill’s Raw account is slightly cheaper on all-in cost, while Pepperstone offers a very similar pricing setup and stands out more for its higher overall rating and ranking. If you want the lowest possible trading cost on these examples, Tickmill has a small edge. If you want a broker with a stronger score in this category and a solid low-cost active trader setup, Pepperstone is the better-rated option.
| 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 give traders access to forex trading, copy trading, and cryptocurrency CFDs, but neither broker offers exchange-traded shares on U.S. or international stock exchanges, and neither lets clients buy real cryptocurrency. For forex traders, Pepperstone offers 65 currency pairs, slightly more than Tickmill’s 62, which may give it a small edge for those looking for more market choice in this area.
Where Pepperstone stands out more clearly is in the overall range of investments. It offers 1,726 tradeable symbols compared with Tickmill’s 637, and this broader selection helps explain why Pepperstone is rated 4 out of 5 stars for Range of Investments, versus 3.5 stars for Tickmill. In ForexBrokers.com’s ranking of 36 brokers, Pepperstone places #23 while Tickmill comes in at #30.
| 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 give traders a solid mix of platform choices, including free demo accounts, Windows desktop apps, web-based platforms, MetaTrader 4, MetaTrader 5, copy trading, and the ability to trade directly from charts. That makes either broker a practical pick for beginners who want to practice first and for active traders who prefer familiar tools across desktop and browser access.
The main difference is that Pepperstone also offers a proprietary platform built in-house, while Tickmill does not. In ForexBrokers.com’s Trading Platforms and Tools review, both brokers earned 4 out of 5 stars, though Pepperstone placed higher overall at #21 out of 36 brokers compared with Tickmill at #24, suggesting Pepperstone has a slight edge in this category.
| 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 make it easy to trade on the go, since each broker offers iPhone and Android apps plus watchlist syncing between the mobile app and your online account. Both apps also let you draw trendlines on charts, and each broker earns a 4-star rating for mobile trading apps. In ForexBrokers.com’s mobile app rankings, Pepperstone comes in at #19 out of 36 brokers, while Tickmill is ranked #25, giving Pepperstone a slight edge overall.
The main differences show up in charting and alerts. Pepperstone includes stock or forex price alerts and automatically saves chart drawings, which can be handy if you switch between devices often. Tickmill does not offer price alerts or auto-saving drawings, but it does provide a much wider set of technical studies in its mobile app, with 97 indicators compared with Pepperstone’s 30. If you want more chart tools, Tickmill stands out; if you prefer alerts and easier chart saving, Pepperstone has the advantage.
| 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 comes out ahead of Tickmill for market research overall. Both brokers offer daily market commentary and an economic calendar, so traders can follow key news events and updates. However, Pepperstone also adds forex news from top sources like Bloomberg, Reuters, and Dow Jones, plus Autochartist tools and a sentiment gauge that shows long and short positioning across markets. This broader mix helps make Pepperstone’s research offering more useful for traders who want extra insight before placing a trade.
Tickmill still provides helpful research features, including daily market commentary, an economic calendar, and tools from Acuity Trading such as Signal Centre. Even so, it does not include top-tier news feeds, Autochartist, or a sentiment tool, which limits its research range compared with Pepperstone. That difference is reflected in their ratings and rankings: Pepperstone scores 4.5 out of 5 for Research and ranks #13 out of 36 brokers, while Tickmill scores 4 out of 5 and ranks #19.
| 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 and Tickmill both give beginners a solid range of learning tools. Each broker offers more than 10 forex or CFD education pieces, runs online client webinars at least once a month, and provides at least 10 beginner videos plus 10 advanced videos for traders who want to keep learning. That means either platform can help new traders build a basic understanding of the markets and grow from there.
When it comes to overall education quality, Pepperstone gets a slightly higher score, with 4.5 out of 5 stars for Education compared with Tickmill’s 4 stars. However, Tickmill edges ahead in ForexBrokers.com’s Education ranking, placing #14 out of 36 brokers versus Pepperstone at #15. In simple terms, both brokers are well equipped for beginner education, with Pepperstone rated a bit higher and Tickmill ranked slightly better.
| 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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