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

Features & PlatformsPepperstone (visit site)Tickmill (visit site)
pepperstoneCMC Markets
Headquarter:AustraliaSeychelles
Established :
20102014
Retail Loss Rate:
79.05%70.00%
Regulation:
Minimum Deposit:
$200$100
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
Deposit Fee:
Withdrawal Fee
Third-PartyThird-Party
Funding Methods:
810
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:
Excellent MT4 upgrade with 28 pluginsOutstanding trading costs
Unique Feature Two:
VPS, Autochartist, and TradingViewQuality research and education
Broker Offers:

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

Available MarketsPepperstoneTickmill
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Indices:
Equities:
Bonds:
ETFs:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
1:5001:500
Maximum Pro Leverage:
1:5001:500

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

Typical Spreads & FeesPepperstoneTickmill
Minimum Raw Spreads:
0.0 pips0.0 pips
Minimum Standard Spreads:
0.6 pips1.6 pips
Minimum Commission for Forex:
$6.00 per round lot$4.00 per round lot
Commission for CFDs/DMA:
$7.00 per round lotNot applicable
Commission Rebates:
YesYes
Execution Type:
ECN/NDDMarket Maker/ECN Hybrid

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

Pepperstone

Country of the RegulatorName of the RegulatorLicense Number
Australia
Australian Securities & Investments CommissionAFSL No.414530
Bahamas
Securities Commission of The BahamasLicense Number SIA-F217
Cyprus
Cyprus Securities and Exchange CommissionLicense Number 388/20
Dubai
Dubai Financial Services AuthorityLicense Number F004356
Germany
Federal Financial Supervisory AuthorityHRB 91279
Kenya
Capital Markets AuthorityCMA License No.128
UK
Financial Conduct AuthorityFCA Registration Number 684312

Tickmill

Country of the RegulatorName of the RegulatorLicense Number
UK
Financial Conduct AuthorityFCA Registration Number 717270
Seychelles
Seychelles Financial Services AuthorityLicense number SD008
Cyprus
Cyprus Securities and Exchange CommissionLicense Number 278/15
Labuan (Malaysia)
Labuan Financial Services AuthorityLicense number MB/18/0028
South Africa
Financial Sector Conduct AuthorityLicense number FSP 49464

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

ProsCons
Excellent choice of trading platforms consisting of MT4/MT5, and cTraderMinimum deposit slightly higher but within a reasonable range
Market-leading MT4/MT5 upgrade package, Autochartist, and API trading
Social trading support via Myfxbook, MetaTrader Signals, and DupliTrade
Leverage of up to 1:500 and superb trade execution

Tickmill

ProsCons
Outstanding trading costs and volume-based rebate program Limited asset selection
Upgraded MT4/MT5 trading platforms plus Autochartist
High-quality educational tools and daily research
High leverage and choice of third-party social trading providers

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.

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.

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