Tickmill versus Pepperstone

Tickmill caters to a growing international client base through five branches, while Pepperstone operates from seven jurisdictions. The former upgrades the core MT4/MT5 trading platforms with the Advanced Trader Toolkit, consisting of 13 plugins, while the latter offers the Smart Trader Tools Upgrade with 28 plugins. Pepperstone also features cTrader as an alternative trading platform.

Autochartist is available at both brokers, and the trading platforms fully support algorithmic trading. An embedded social trading platform exists in all three, but Tickmill also features third-party providers Myfxbook AutoTrade and Pelican Trading. Pepperstone presents services from Myfxbook AutoTrade and DupliTrade.

Pepperstone offers notably more trading instruments, and while both brokers provide low trading costs, Tickmill is slightly better in cost of trading. Beginner traders get quality education at both brokers.

We have conducted an in-depth review of Tickmill and Pepperstone to determine which one presents the better overall choice and which traders will benefit the most at either broker.

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• Tickmill versus Pepperstone - Verdict

Headquarters	Australia	Seychelles
Regulators	ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB	CySEC, FCA, FSA, FSCA
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established	2010	2014
Execution Type(s)	No Dealing Desk, NDD	ECN/STP, Market Maker
Minimum Deposit	$0	€100
Trading Platform(s)	Other, MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Trading View+	MetaTrader 4, MetaTrader 5, Web-based
Average Trading Cost EUR/USD	1.1 pips	0.1 pips ($1.00)
Average Trading Cost GBP/USD	1.4 pips	0.3 pips ($3.00)
Average Trading Cost WTI Crude Oil	$2.50	$0.04
Average Trading Cost Gold	$0.15	$0.09
Retail Loss Rate	74-89%	N/A
Minimum Raw Spreads	0.0 pips	N/A
Minimum Standard Spreads	1.0 pips	N/A
Minimum Commission for Forex	6.00 per round lot (cTrader) / $7.00 per round lot (MT4/MT5)	N/A
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
	Visit Website 75-95% of traders on margin lose	Visit Website

Features and Platforms

MT4
MT5
cTrader
Proprietary Platform
Automated Trading
DOM?
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
	Visit Website 75-95% of traders on margin lose	Visit Website

Noteworthy:

Tickmill does not levy an inactivity fee but closes dormant accounts with an account balance of $10 or less or a currency equivalent and donates the proceeds to charity.

Available Markets

Currency Pairs		N/A
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)	N/A
ETFs
Futures
Synthetics
	Visit Website 75-95% of traders on margin lose	Visit Website

Pepperstone offers traders a well-balanced asset selection with more than 1,200 trading instruments, making it suitable for beginner traders and portfolio managers alike. Tickmill remains primarily a Forex broker, with few choices across other sectors, sufficient as a sector introduction but inadequate for widely diversified traders. Neither broker offers cryptocurrency traders a broad selection of that asset class.

Typical Spreads and Fees

Average Trading Cost EUR/USD	1.1 pips	0.1 pips ($1.00)
Average Trading Cost GBP/USD	1.4 pips	0.3 pips ($3.00)
Average Trading Cost WTI Crude Oil	$2.50	$0.04
Average Trading Cost Gold	$0.15	$0.09
Average Trading Cost Bitcoin	25	$24.90
Minimum Raw Spreads	0.0 pips	N/A
Minimum Standard Spreads	1.0 pips	N/A
Minimum Commission for Forex	6.00 per round lot (cTrader) / $7.00 per round lot (MT4/MT5)	N/A
Deposit Fee		N/A
Withdrawal Fee		N/A
Inactivity Fee	$0	N/A
	Visit Website 75-95% of traders on margin lose	Visit Website

Both brokers offer an excellent commission-based pricing environment, but Tickmill has a small edge with minimum spreads of 0 pips for a commission of $4.00 per 1 standard lot. Traders at Pepperstone pay a minimum cost of $6.00. Tickmill and Pepperstone also maintain volume-based rebate programs.

Security and Trust

Country of the Regulator	United Arab Emirates, Australia, The Bahamas, Cyprus, Germany, Kenya, United Kingdom	United Arab Emirates, Cyprus, Seychelles, United Kingdom, South Africa, Labuan
Name of the Regulator	ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB	CySEC, FCA, FSA, FSCA
Regulatory License Number	414530, 91279, 128, 388/20, F004356, 684312, F217	717270, 278/15, F007663, 49464, SD008, MB/18/0028
Regulatory Tier	N/A	1, 1, 2, 2, 4, 5
	Visit Website 75-95% of traders on margin lose	Visit Website

Tickmill and Pepperstone offer traders negative balance protection and segregate client deposits from corporate funds. Both also maintain clean regulatory track records across their jurisdictions.

Pepperstone vs Tickmill – Verdict

Pepperstone

Tickmill

Pepperstone remains one of the most competitive brokers and trumps Tickmill with superior MT4/MT5 upgrades and broader asset selection. Tickmill presents traders with lower trading costs, although Pepperstone already ranks among the cheapest brokers industry wide. Both present beginner traders with quality educational content and research while offering third-party social trading platforms. Tickmill is an outstanding Forex broker, while Pepperstone is a better all-around broker.

You might also be interested in reviewing the below broker comparisons:

• Tickmill vs FP Markets
• Tickmill vs Eightcap
• Tickmill vs Libertex
• Pepperstone vs OandaFX
• Pepperstone vs IG Markets
• Pepperstone vs Plus500

FAQs

Is Tickmill a good broker?

Tickmill is an outstanding low-cost Forex broker with upgraded MT4/MT5, but non-Forex traders might find an insufficient asset selection.

Is Pepperstone a good broker?

Pepperstone ranks among the most competitive brokers thanks to its upgraded trading platforms, well-balanced asset selection, low trading costs, and quality value-added services.

Can Pepperstone be trusted?

Pepperstone operates with seven regulatory licenses, where it maintains a clean track record, making it a trusted broker.