Compare Pepperstone vs Tickmill
What is Pepperstone? What is Tickmill?
Pepperstone is an Australian-based broker that was founded in 2010 and is regulated by ASIC, FCA, CySEC and DFSA. It offers over 2300 trading instruments across forex, indices, commodities, cryptocurrencies and shares. It has two main account types: Standard and Razor, with the latter offering lower spreads and commissions. It supports MT4, MT5 and cTrader platforms, as well as various tools and add-ons for enhanced trading experience.
Tickmill is a UK-based broker that was founded in 2014 and is regulated by FCA, CySEC, FSCA and SCB. It offers over 700 trading instruments across forex, indices, commodities and bonds. It has three main account types: Classic, Pro and VIP, with the latter two offering lower spreads and commissions. It supports MT4 platform only, but provides an Advanced Trader Toolkit with 13 plugins for improved trading functionality.
Pepperstone vs Tickmill Regulation Comparison
Both brokers are well-regulated by reputable authorities in different jurisdictions. Pepperstone has a slight edge over Tickmill in terms of the number of tier-1 licenses it holds (2 vs 1), which indicates a higher level of trustworthiness and investor protection. Here is a table comparing the regulation status of both brokers:
| Regulator | Pepperstone | Tickmill |
|---|---|---|
| Australia (ASIC) | Yes | No |
| UK (FCA) | Yes | Yes |
| Cyprus (CySEC) | Yes | Yes |
| Dubai (DFSA) | Yes | No |
| Germany (BaFin) | No | No |
| South Africa (FSCA) | No | Yes |
| UAE (DFSA/Central Bank) | Yes | Yes |
| Bahamas (SCB) | Yes | No |
Pepperstone vs Tickmill Trading Assets Comparison
Pepperstone offers a much wider range of trading assets than Tickmill, especially in terms of cryptocurrencies and shares CFDs. Pepperstone has over 2300 instruments to choose from, while Tickmill has only over 700. Here is a table comparing the number of trading assets offered by both brokers:
| Asset Class | Pepperstone | Tickmill |
|---|---|---|
| Forex Pairs | 62+ | 60+ |
| Cryptocurrencies CFDs* | 12+ | – |
| Indices CFDs | 14+ | 17+ |
| Shares CFDs | 300+ | – |
| Commodities CFDs | 9+ | 5+ |
*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
Pepperstone vs Tickmill Trading Fees Comparison
Both brokers offer competitive trading fees, but Tickmill has slightly lower spreads and commissions than Pepperstone on average. However, the difference is not very significant and may vary depending on the account type, trading volume and market conditions. Here is a table comparing the average spreads and commissions of both brokers on some major currency pairs:
| Currency Pair | Pepperstone Razor Account Spreads + Commissions (USD) | Tickmill Pro Account Spreads + Commissions (USD) |
|---|---|---|
| EUR/USD | 0.34 | 0.2 |
| GBP/USD | 0.89 | 0.5 |
| AUD/USD | 0.44 | 0.2 |
Pepperstone vs Tickmill Account Types Comparison
Both brokers offer different account types to suit different trading styles and preferences. Pepperstone has two main account types: Standard and Razor, while Tickmill has three main account types: Classic, Pro and VIP. The main differences between them are the minimum deposit requirement, the spread type and the commission structure.
- Pepperstone Standard Account: This account type has no minimum deposit requirement, no commissions and variable spreads starting from 1 pip.
- Pepperstone Razor Account: This account type has no minimum deposit requirement, low commissions ($3.50 per lot round turn) and raw spreads starting from 0 pips.
- Tickmill Classic Account: This account type has a minimum deposit requirement of $100, no commissions and variable spreads starting from 1.6 pips.
- Tickmill Pro Account: This account type has a minimum deposit requirement of $100, low commissions ($2 per lot round turn) and raw spreads starting from 0 pips.
- Tickmill VIP Account: This account type has a minimum deposit requirement of $50,000, very low commissions ($1 per lot round turn) and raw spreads starting from 0 pips.
Pepperstone vs Tickmill Deposit Options Comparison
Both brokers offer a variety of deposit and withdrawal options, including bank wire transfer, credit/debit cards, e-wallets and local payment methods. However, Pepperstone has more funding methods than Tickmill (16+ vs 14+), and does not charge any fees for deposits or withdrawals. Tickmill does not charge any fees for deposits, but may charge some fees for withdrawals depending on the method and amount. Here is a table comparing the deposit and withdrawal options of both brokers:
| Method | Pepperstone | Tickmill |
|---|---|---|
| Bank Wire Transfer | Yes | Yes |
| Credit/Debit Cards | Yes | Yes |
| PayPal | Yes | No |
| Neteller | Yes | Yes |
| Skrill | Yes | Yes |
| UnionPay | Yes | No |
| FasaPay | Yes | Yes |
| POLi Payments | Yes | No |
| BPay | Yes | No |
| Rapid Transfer (Skrill) | No | Yes |
| SticPay (Skrill) | No | Yes |
| NganLuong.vn (Skrill) | No | Yes |
| M-Pesa (Skrill) | No | Yes |
| iDeal (Skrill) | No | Yes |
| iBanking (Skrill) | No | Yes |
| iWallet (Skrill) | No | Yes |
Pepperstone vs Tickmill Trading Platforms Comparison
Both brokers support the popular MetaTrader 4 (MT4) platform, which is widely used by traders of all levels for its user-friendly interface, advanced charting tools, custom indicators, automated trading and social trading features. However, Pepperstone also supports MetaTrader 5 (MT5) and cTrader platforms, which offer some additional benefits such as more order types, more timeframes, more indicators, depth of market and multi-asset trading. Tickmill only supports MT4 platform, but provides an Advanced Trader Toolkit with 13 plugins that enhance the trading functionality of MT4. Some of the plugins include:
- Autochartist: A tool that scans the market for trading opportunities based on technical analysis and chart patterns.
- Myfxbook Autotrade: A tool that allows traders to copy the trades of other successful traders from a large community of signal providers.
- Forex Calendar: A tool that displays the upcoming economic events and their impact on the market.
- Forex News: A tool that provides live news updates from reputable sources such as Reuters and Bloomberg.
- Tick Chart Trader: A tool that displays tick charts for faster and more precise trading execution.
- Trade Terminal: A tool that allows traders to manage multiple orders and accounts from one interface.
Pepperstone vs Tickmill Analytical Tools Comparison
Both brokers provide various analytical tools to help traders make informed trading decisions. Pepperstone offers a range of tools such as:
- Smart Trader Tools: A suite of 28 plugins for MT4/MT5 that enhance the trading functionality of the platforms. Some of the plugins include Alarm Manager, Correlation Matrix, Market Manager, Sentiment Trader and Trade Simulator.
- Autochartist: A tool that scans the market for trading opportunities based on technical analysis and chart patterns.
- Trading Central: A tool that provides technical analysis, market commentary, trade signals and strategies from professional analysts.
- PsyQuation: A tool that uses artificial intelligence to analyze the trading behavior and performance of traders and provide feedback and recommendations to improve their results.
Tickmill offers a range of tools such as:
- Advanced Trader Toolkit: A suite of 13 plugins for MT4 that enhance the trading functionality of the platform. Some of the plugins include Autochartist, Myfxbook Autotrade, Forex Calendar, Forex News and Trade Terminal.
- Economic Calendar: A tool that displays the upcoming economic events and their impact on the market.
- Forex Calculators: A set of calculators that help traders calculate various aspects of their trading such as margin, pip value, swap rates and currency converter.
- VPS Service: A service that allows traders to run their MT4 platform on a remote server with high speed and security.
Pepperstone vs Tickmill. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as different brokers may suit different traders depending on their trading style, preferences, goals and risk appetite. However, based on the comparison I have provided, you can consider some of the following factors to help you make your decision:
- Regulation: If you value trustworthiness and investor protection, you may prefer Pepperstone over Tickmill, as Pepperstone has more tier-1 licenses from reputable regulators such as ASIC and FCA.
- Trading Assets: If you want to diversify your portfolio and trade a wide range of instruments, you may prefer Pepperstone over Tickmill, as Pepperstone offers over 2300 trading assets across forex, indices, commodities, cryptocurrencies and shares, while Tickmill offers only over 700 trading assets across forex, indices, commodities and bonds.
- Trading Fees: If you want to minimize your trading costs and maximize your profits, you may prefer Tickmill over Pepperstone, as Tickmill has slightly lower spreads and commissions than Pepperstone on average. However, the difference is not very significant and may vary depending on the account type, trading volume and market conditions.
- Trading Platforms: If you want to use different trading platforms and enjoy more features and functionality, you may prefer Pepperstone over Tickmill, as Pepperstone supports MT4, MT5 and cTrader platforms, as well as various tools and add-ons for enhanced trading experience. Tickmill only supports MT4 platform, but provides an Advanced Trader Toolkit with 13 plugins for improved trading functionality.
- Analytical Tools: If you want to access more analytical tools and resources to help you make informed trading decisions, you may prefer Pepperstone over Tickmill, as Pepperstone offers a range of tools such as Smart Trader Tools, Autochartist, Trading Central and PsyQuation. Tickmill offers a range of tools such as Advanced Trader Toolkit, Economic Calendar, Forex Calculators and VPS Service.
Ultimately, the best way to find out which broker is better for you is to try them out yourself. You can open a demo account with either broker to test their services before opening a live account. You can also read online reviews and feedback from other traders who have used both brokers to get a better idea of their pros and cons.
