Trading Academy
Forex Glossary
Trading Guides
Blog
Pepperstone vs Tickmill (2026): Which Broker Is Actually Better?
We compare Pepperstone against Tickmill across spreads, regulations, platforms, and trading costs. Read our algorithmic breakdown and expert verdict to find out which broker suits your trading style in 2026.
Verdict: Pepperstone Wins
After exhaustive side-by-side testing, **Pepperstone** emerges as the overall winner in this matchup. While Tickmill remains an excellent choice for scalpers, day traders & low-commission professionals, Pepperstone proves superior due to its top-tier liquidity with frequent 0.0 pip spreads and exceptional platform choice including tradingview and ctrader.
Pepperstone vs Tickmill: Side-by-Side Comparison
| Feature | | |
|---|---|---|
| Founded | 2010 | 2014 |
| Overall Rating | 4.8/5.0 | 4.5/5.0 |
| Minimum Deposit | $0 (Recommended $200) | $100 |
| EUR/USD Spread | 0.0 pips (Razor) | 1.0 pips (Standard) | 0.0 pips (Raw) | 1.6 pips (Classic) |
| Maximum Leverage | 1:500 (Pro) | 1:30 (Retail) | 1:500 (Pro) | 1:30 (Retail) |
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | Yes | No |
| TradingView | Yes | No |
| Copy Trading | Yes | No |
| Forex Pairs | 60+ | 62 |
| Deposit Methods | Bank Transfer, Credit/Debit, PayPal, Skrill, Neteller, BPay | Card, Bank, Skrill, Neteller |
| Withdrawal Speed | 1-2 business days | 1 business day |
| Execution Type | NDD & STP | NDD / STP |
Pepperstone vs Tickmill: Fee Breakdown
When comparing the trading costs between Pepperstone and Tickmill, it's essential to look beyond just the advertised spreads. We must factor in commissions, swap rates, and non-trading fees like deposit or inactivity charges. Pepperstone offers pricing characterized by $3.50/lot (Razor) alongside 0.0 pips (Razor) | 1.0 pips (Standard) spreads. In contrast, Tickmill utilizes a model with $2/lot (Raw) and 0.0 pips (Raw) | 1.6 pips (Classic) spreads. For active, high-volume traders, either broker provides the superior cost-efficiency curve.
| Fee Type | Pepperstone | Tickmill |
|---|---|---|
| EUR/USD Spread | 0.0 pips (Razor) | 1.0 pips (Standard) | 0.0 pips (Raw) | 1.6 pips (Classic) |
| Commission Defaults | $3.50/lot (Razor) | $2/lot (Raw) |
| Execution Model | NDD & STP | NDD / STP |
| Deposit Fees | None | None |
| Withdrawal Speed | 1-2 business days | 1 business day |
Safety & Regulation: Is Pepperstone or Tickmill Safer?
Trust is paramount in forex trading. Both Pepperstone and Tickmill are highly regulated entities, but their jurisdictional footprints differ. Pepperstone is armed with 4 Tier-1 licenses and has been securing client funds since 2010. Tickmill, licensed since 2014, counters with 2 Tier-1 regulatory bodies overseeing its operations. Pepperstone holds a slight edge in absolute tier-1 licenses. Both brokers employ strict client fund segregation.
Pepperstone
Tier 1- Regulators:ASIC (Australia)FCA (UK)CySEC (Cyprus)BaFin (Germany)DFSA (Dubai)
- Investor Protection: Up to €20,000 (CY) / £85,000 (UK)
- Licensed Since: 2010
Tickmill
Tier 1- Regulators:FCA (UK)CySEC (Cyprus)FSA (Seychelles)
- Investor Protection: £85,000 (FSCS UK) / €20,000 (ICF)
- Licensed Since: 2014
Platform & Tools Comparison
The software you trade on dictates your execution speed and analytical depth. Both brokers provide industry stalwarts, but divergencies exist. Pepperstone equips its clients with MT4, MT5, cTrader, TradingView. Tickmill, on the other hand, grants access to MT4, MT5, Tickmill App. If you rely on TradingView charting, this section heavily dictates your broker choice.
| Feature | Pepperstone | Tickmill |
|---|---|---|
| MetaTrader 4 | ||
| MetaTrader 5 | ||
| cTrader | ||
| TradingView | ||
| Proprietary Environment | ||
| Copy Trading Network |
Pros & Cons: Pepperstone vs Tickmill
Pepperstone
Pros
- Top-tier liquidity with frequent 0.0 pip spreads
- Exceptional platform choice including TradingView and cTrader
- Award-winning 24/5 customer support
- Deepest liquidity pools for large order execution
- No minimum deposit requirement
Cons
- Educational content is good but not standard-setting
- No proprietary mobile app (relies on MetaQuotes/cTrader apps)
- Lacks robust fixed-spread options
Tickmill
Pros
- Ultra-low commissions at $2/lot roundturn
- No restrictions on scalping or EAs
- FCA and CySEC regulated
- Free VPS for active traders
- Negative balance protection
Cons
- $100 minimum deposit
- Limited product range outside forex
- No proprietary web platform
Expert Verdict: Pepperstone vs Tickmill
When we place Pepperstone and Tickmill side-by-side, we observe two distinct philosophies in client servicing. Pepperstone, licensed since 2010, has carved out a massive niche focusing on advanced traders, automated trading & tradingview enthusiasts. Their execution model heavily leans into NDD & STP, and their platform environment highlights MT4.
Conversely, Tickmill, operational out of London, UK, has architected its infrastructure predominantly for scalpers, day traders & low-commission professionals. Their $2/lot (Raw) commission structure combined with 0.0 pips (Raw) | 1.6 pips (Classic) spreads makes them a formidable competitor.
The Bottom Line: If your primary directive is top-tier liquidity with frequent 0.0 pip spreads, and you intend to start with a minimum of $0 (Recommended $200), Pepperstone is the logical path forward. If, however, you value ultra-low commissions at $2/lot roundturn and require MT4, Tickmill edges out the competition and earns our recommendation.
Pepperstone vs Tickmill: Frequently Asked Questions
Ready to Start Trading?
Open a free demo account with either broker to test their platforms risk-free.
Risk Warning: Forex and CFD trading involves significant risk of loss. 68–80% 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.|Affiliate Disclosure: We may receive compensation from the brokers listed on this page. This does not influence our rankings or reviews, which are based on independent analysis.
Comparison data updated February 2026. Broker terms, spreads, and conditions vary by region and account type. See our methodology | Full Disclaimer | Privacy Policy