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Pepperstone vs Tickmill: Comparison and Analysis

Written by Filippo Ucchino Fact-Checked by Luca Puddu Publication Date Last Updated
Our verdict · CFD trading

Pepperstone is better than Tickmill for CFD trading in India by a small margin, because it has a lower EUR/USD cost (9.00 USD per lot against 11.50 USD), asks for no minimum deposit, where Tickmill asks for 100.00 USD, runs cTrader and TradingView next to the MetaTrader platforms and proprietary platform both brokers share, lists more tradable symbols (1,444 against 180), opens copy trading accounts, allows high-frequency trading strategies, holds more account base currencies (ten against three) and fills orders in 30 ms against 150 ms. Tickmill, on the other hand, opens managed accounts, runs Autochartist and credits deposits on the same day, against 1 day. Pepperstone holds licences from BaFin, CySEC, ASIC, the SCB, the DFSA, the FCA and the CMA, and Tickmill from CySEC, the FCA, the FSA (Seychelles) and LFSA. Both brokers cover CFDs on commodities, crypto, forex, indices and stocks, open raw spread, ECN and Islamic accounts, allow scalping, hedging, expert advisors, VPS hosting and API access, settle withdrawals in 1 day and provide a demo account.

Best overall

Pepperstone

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. Available in your country Pepperstone accepts clients from the country this site is for.
84CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

89% of retail investor accounts lose money when trading CFDs with this provider.

Tickmill

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. Available in your country Tickmill accepts clients from the country this site is for.
78CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

73% of retail investor accounts lose money when trading CFDs with this provider.

Best for

What we compare A comparison of the kinds of traders Pepperstone and Tickmill are best suited to, based on what each one actually offers in India.
1 / 12

Pepperstone is better than Tickmill for high-volume traders and swing traders. Professional traders, scalpers and news traders can choose either Pepperstone or Tickmill.

Best for
Overall score Pepperstone 84 Best Tickmill 78 -6
Day trading i
Long-term investing i
Professional traders i
High-volume traders i
Scalpers i
Swing traders i
News traders i
Algo traders i
Stock traders i
Crypto traders i
Futures traders i
Options traders i

Regulation

What we compare A comparison between the financial authorities that supervise Pepperstone and the ones that supervise Tickmill.
2 / 12

Pepperstone and Tickmill are both regulated by top-tier authorities, Pepperstone by BaFin, CySEC and ASIC (Australia) and Tickmill by CySEC and the FCA (United Kingdom).

Regulation
Section score Pepperstone 100 Tickmill 100
Tier-1 regulators
ESMA (European Union) i
FCA (United Kingdom) i
ASIC (Australia) i
CFTC (United States) i
NFA (United States) i
SEC (United States) i
CIRO (Canada) i
MAS (Singapore) i
SFC (Hong Kong) i
JFSA (Japan) i
FINMA (Switzerland) i
Tier-2 regulators
FMA (New Zealand) i
CBR (Russia) i
FSCA (South Africa) i
DFSA (Dubai) i
CSRC (China) i
ISA (Israel) i
LFSA (Malaysia) i
JSC (Jordan) i
CMA (Kenya) i
Tier-3 regulators
FSA (Seychelles) i
MMA (Maldives) i
SCB (Bahamas) i
FSC (Mauritius) i
VFSC (Vanuatu) i
FSC (Belize) i
CIMA (Cayman Islands) i
SV FSA (Saint Vincent and the Grenadines) i
FSRC (St. Kitts & Nevis) i
BMA (Bermuda) i
BVI FSC (British Virgin Islands) i
EDR (External Dispute Resolution) i

Safety

What we compare A comparison of the tools and services that Pepperstone and Tickmill have in place to protect your money in India.
3 / 12

Pepperstone and Tickmill both offer segregated client funds and two-factor authentication. Tickmill also offers additional money insurance.

Safety
Section score Pepperstone 65 -9 Tickmill 74 Best
Company info
Is it publicly traded i
Is it a bank i
Year founded i 2010 2015
Parent company i Pepperstone Group Limited Tickmill Group
CEO i Tamas Szabo Sudhanshu Agarwal
Money safety
Segregated client funds i
Two-factor authentication i
Investor compensation scheme i
Additional money insurance i
Partner bank i N/A N/A
Brand power
Number of customers worldwide i 900,000 1,350,000
Annual revenue i USD 13,000,000
Monthly website search traffic i 1.3M monthly visits

Costs

What we compare A comparison of what it costs to trade with Pepperstone and with Tickmill in India, both on each trade and on holding the account.
4 / 12

Pepperstone is better than Tickmill for costs, because Pepperstone is cheaper on EUR/USD, at 9 USD per lot (against Tickmill's 11.5 USD), does not charge inactivity fees, unlike Tickmill, and offers volume discounts, which Tickmill does not. Neither Pepperstone nor Tickmill charges account maintenance fees or deposit fees.

Costs
Section score Pepperstone 74 Best Tickmill 52 -22
Broker fees
Deposit fees i
Withdrawal fees i
Overnight fees i
Inactivity fees i
Currency conversion fees i
Discounts on volume i
Real time market data fee i
Dividend withholding i
Account opening fees i
Account maintenance fee i
Portfolio management fee i
Fees on CFDs
Forex commission per lot i USD 6 USD 6
EUR/USD average standard spread i
1.1 pips
1.6 pips
EUR/USD average raw spread i
0.1 pips
0.1 pips
EUR/USD average fixed spread i
EUR/USD total cost per lot i USD 9 USD 11.5
S&P 500 fees (CFD) i 0.47 points 0.39 points
Gold fees (CFD) i 0.19 points 0.09 points
Bitcoin fees (CFD) i USD 24.9
US stocks fees (CFD) i USD 0.02 Free
Fees on stocks
Stock fee type i Commission, Percentage Spread
US stocks fees (real) i
ETF fees (real) i
Management costs i
Connection costs i
Fees on futures
Futures fees per contract i
Platform fees i
Fees on options
Options fees per contract i
Event fees i
Fees on savings plans
IRA opening fee i
IRA maintenance fee i
401k opening fee i
401k maintenance fee i

Available markets

What we compare A comparison of the markets and products you can trade with Pepperstone and with Tickmill in India, and of how many instruments each one gives access to.
5 / 12

Pepperstone and Tickmill are close on available markets. Both Pepperstone and Tickmill offer CFDs on commodities, crypto, forex, indices and stocks. Pepperstone goes a step further, as it gives access to 1,444 tradable symbols (against Tickmill's 180).

Available markets
Section score Pepperstone 75 Tickmill 75
Total tradable symbols i 1,444 180
Currency pairs i
Indices i
Commodities i
Stocks i
ETF i
Cryptocurrencies i
Bonds i
Interest rates i
Portfolios i
CFDs i Commodities, Crypto, Forex, Indices, Stocks Commodities, Crypto, Forex, Indices, Stocks
Futures i
Options i
Assets you can own i

Platform

What we compare A comparison of the trading platforms that Pepperstone and Tickmill make available to their clients in India.
6 / 12

Pepperstone is better than Tickmill for platforms, given that Pepperstone offers cTrader, social trading and copy trading, which Tickmill does not. Both Pepperstone and Tickmill offer MetaTrader 5 and MetaTrader 4.

Platform
Section score Pepperstone 92 Best Tickmill 62 -30
Proprietary platform i
MetaTrader 4 i
MetaTrader 5 i
cTrader i
Social trading platform i
Copy trading platform i
ZuluTrade i
TradingView i
Duplitrade i
Mirror Trader i
NinjaTrader i
AutoChartist i
Real time pricing i
5 digit pricing i
One-click trading i

Mobile

What we compare A comparison of the mobile apps of Pepperstone and Tickmill in India, and of what each one lets you do from your phone.
7 / 12

Pepperstone is better than Tickmill for mobile trading, since Pepperstone offers the cTrader app, the MetaTrader 5 app and the MetaTrader 4 app, which Tickmill does not. Both Pepperstone and Tickmill offer a proprietary mobile app and mobile trading signals.

Mobile
Section score Pepperstone 100 Best Tickmill 67 -33
Proprietary app i
Social trading app i
Copy trading app i
MetaTrader 4 app i
MetaTrader 5 app i
cTrader app i
Mobile trading signals i
Mobile alerts i
Mobile charting tools i
Mobile drawing tools i
Mobile watchlist i
Smartwatch app i

Trading features

What we compare A comparison of the trading tools and strategies that Pepperstone and Tickmill allow on their platforms in India.
8 / 12

Pepperstone is better than Tickmill for trading features, because Pepperstone executes orders faster, within 30 ms (against Tickmill's 150 ms), offers tier-1 liquidity providers, which Tickmill does not, and allows for high-frequency trading. Both Pepperstone and Tickmill offer negative balance protection and trailing stops.

Trading features
Section score Pepperstone 93 Best Tickmill 83 -10
Trade execution
Broker type i NDD NDD
Average execution time i 30 ms 150 ms
Slippage occurrence i
Requotes occurrence i 0.08% 0%
Tier-1 liquidity providers i
PFOF i
Leverage
Major FX pairs leverage i 500:1 1000:1
Minor/Exotic FX pairs leverage i 500:1 1000:1
Major indices leverage i 400:1 200:1
Minor indices leverage i 100:1 100:1
Gold leverage i 500:1 1000:1
Commodities leverage i 50:1 100:1
Equities leverage i 20:1 20:1
Cryptocurrency leverage i 20:1 200:1
Risk management
Stop losses i
Take profits i
Limit orders i
Trailing stop i
Margin call i
OCO orders i
Guaranteed stop loss i
Negative balance protection i
Minimum trade size (FX) i 0.01 lots 0.01 lots
Minimum trade size (stocks) i USD 0 USD 0
Fractional stocks i
Trading compliance
Scalping strategies allowed i
Hedging strategies allowed i
Automated trading strategy allowed i
EAs use allowed i
HFT strategy allowed i
VPS use allowed i
API use allowed i
Price scraping allowed i
FIFO rule applies i

Account types

What we compare A comparison of the kinds of account you can open at Pepperstone and at Tickmill in India, and of who each one is meant for.
9 / 12

Pepperstone and Tickmill are equally good for account types, as Pepperstone offers a corporate account and a copy trading account while Tickmill offers a managed account and an unlimited demo account. Pepperstone and Tickmill both offer a demo account and a professional traders account.

Account types
Section score Pepperstone 75 Tickmill 74 -1
Demo account i
Unlimited demo account i
Standard account i
Micro account i
Cent account i
Nano account i
Raw spread account i
ECN account i
Swap-free account i
Islamic account i
Professional traders account i
Fixed spread account i
Spread betting account i
Copy trading account i
Corporate account i
Managed account i
Stock investing account i
Margin investing account i
Savings account i
Retirement account i

Account opening

What we compare A comparison of what it takes to open and fund an account with Pepperstone and with Tickmill in India.
10 / 12

Pepperstone is better than Tickmill for account opening, as Pepperstone does not require a minimum deposit (against Tickmill's 100 USD), offers 10 account base currencies (against Tickmill's 3), and supports 3 e-wallets (against Tickmill's 2). Pepperstone and Tickmill both offer credit cards and debit cards.

Account opening
Section score Pepperstone 90 Best Tickmill 77 -13
Minimum deposit i USD 0 USD 100
Minimum withdrawal i USD 0 USD 0
Wire transfers i
Credit cards i
Debit cards i
eWallets i PayPal, Neteller, Skrill Neteller, Skrill
Local payment methods i
Account base currencies i AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD EUR, GBP, USD
Deposit waiting time i up to 1 business days Instant
Withdrawal waiting time i up to 1 business days up to 1 business days
Bonus program i

Customer care

What we compare A comparison of the customer support of Pepperstone and Tickmill in India, in how it can be reached and how fast it answers.
11 / 12

Pepperstone is better than Tickmill for customer care, because Pepperstone offers a dedicated account manager and priority support, which Tickmill does not. Pepperstone and Tickmill both offer phone support and live chat.

Customer care
Section score Pepperstone 73 Best Tickmill 67 -6
Number of languages supported i 10 15
Website languages i Arabic, English, Italian, Korean, Polish, Russian, Spanish, Vietnamese, Chinese Arabic, German, English, Indonesian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Thai, Chinese
Website available in English i
Customer support languages i Arabic, English, Italian, Korean, Polish, Russian, Spanish, Thai, Vietnamese, Chinese Arabic, German, English, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Thai, Turkish, Vietnamese, Chinese
Customer support in English i
Call back request i
Email support i
Phone support i
Live chat i
Priority customer support i
Dedicated account manager i
Cash sweep i
Stock lending i
Distributes proceeds i
Tax withholding agent i
Tax assistance i

Learning

What we compare A comparison of the educational material that Pepperstone and Tickmill provide to their clients in India.
12 / 12

Tickmill is better than Pepperstone for learning, given that Tickmill offers professional reports, which Pepperstone does not. Pepperstone and Tickmill both offer education for advanced traders and webinars.

Learning
Section score Pepperstone 88 -12 Tickmill 100 Best
Education
Education center i
Education for beginners i
Education for advanced traders i
Webinars i
Tutorials i
Glossary i
Research
Economic calendar i
Traders' sentiment i
Daily market commentary i
Daily trading ideas i
News via social media i
Professional reports i
Watchlist i
Pepperstone
Open Account 89% of retail investor accounts lose money when trading CFDs with this provider.
Tickmill
Open Account 73% of retail investor accounts lose money when trading CFDs with this provider.
Our verdict

Pepperstone vs Tickmill: which one should you choose?

Pepperstone

CFD Choose Pepperstone, regulated by the FCA and ASIC, if you want a CFD and forex broker with low spreads, no minimum deposit and fast execution.

Open Account 89% of retail investor accounts lose money when trading CFDs with this provider.
Tickmill

CFD Choose Tickmill, regulated by the FCA and CySEC, if you want an online CFD broker with managed accounts and Autochartist.

Open Account 73% of retail investor accounts lose money when trading CFDs with this provider.

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