Broker comparison

Pepperstone vs.
Tickmill

Which broker fits your needs?

Platforms, products and fees side by side.

Updated: October 2026

See comparison

Summary

Your goal decides.

Pepperstone has a higher rating of 4.5/5 compared to Tickmill (4.2/5). The minimum deposit is lower at Pepperstone with 0 €. Pepperstone is BaFin-regulated, while Tickmill is supervised by FCA/CySEC. Pepperstone has been in the market since 2010, making it the more experienced provider. On spreads, Pepperstone offers EUR/USD from 0.0 pip (Razor) + $3.50 per lot, while Tickmill offers EUR/USD from 0.0 pip (Pro/Raw) + $2.00 per lot per side, 1.6 pip (Classic).

ECN broker with Razor account and ultra-fast execution

ECN broker with low spreads and fast execution

At a glance

The key differences

Criterion
PlatformsMT4, MT5, cTrader, TradingViewMT4, MT5, Tickmill App
Product typesForex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency IndicesForex, CFDs, Indices, Commodities, Bonds, Stocks CFDs, Crypto
Options tradingNo, but over 1,200 CFD instrumentsNo, forex and CFD trading
Fee modelRazor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pipPro account: from 0.0 pip + $2 commission/lot, Classic: from 1.6 pip
Minimum deposit0 €100 €
RegulationBaFin/FCA/ASICFCA/CySEC
More informationDetailsDetails

Platforms

Pepperstone

MT4, MT5, cTrader, TradingView

Tickmill

MT4, MT5, Tickmill App

Product types

Pepperstone

Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices

Tickmill

Forex, CFDs, Indices, Commodities, Bonds, Stocks CFDs, Crypto

Options trading

Pepperstone

No, but over 1,200 CFD instruments

Tickmill

No, forex and CFD trading

Fee model

Pepperstone

Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip

Tickmill

Pro account: from 0.0 pip + $2 commission/lot, Classic: from 1.6 pip

Minimum deposit

Pepperstone

0 €

Tickmill

100 €

Regulation

Pepperstone

BaFin/FCA/ASIC

Tickmill

FCA/CySEC

More information

Pepperstone

Details

Tickmill

Details

Product access and costs depend on market, account and permissions.

Detailed comparison

Comparing fees

Compare total costs, not just the order fee.

Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip

Published fee
Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
Minimum deposit
0 €
Spread figure
EUR/USD from 0.0 pip (Razor) + $3.50 per lot
See terms at provider

Pro account: from 0.0 pip + $2 commission/lot, Classic: from 1.6 pip

Published fee
Pro account: from 0.0 pip + $2 commission/lot, Classic: from 1.6 pip
Minimum deposit
100 €
Spread figure
EUR/USD from 0.0 pip (Pro/Raw) + $2.00 per lot per side, 1.6 pip (Classic)
See terms at provider

The relevant costs depend on market, currency, order size and trading style.

Execution quality

Order type, venue and liquidity affect execution.

Check the provider’s execution policy and available order types for your account.

Provider information

Check the provider’s execution policy and available order types for your account.

Provider information

Product range

ForexCFDsIndicesCommoditiesStocks CFDsCryptoCurrency Indices
ForexCFDsIndicesCommoditiesBondsStocks CFDsCrypto

Categories come from broker profiles. Check specific markets and permissions before deciding.

Trading platforms

MT4 · MT5 · cTrader · TradingView

Pepperstone offers four trading platforms: MT4 and MT5 for classic forex trading with Expert Advisors and automated strategies. cTrader impresses with a modern interface, advanced charting, Level II price data, and algorithmic trading via cAlgo. TradingView enables social trading with one of the world's largest trader communities. All platforms support the Razor account with raw spreads and offer mobile versions for trading on the go.

Explore platform

MT4 · MT5 · Tickmill App

Tickmill offers MT4 and MT5 as trading platforms, complemented by the Tickmill App for mobile trading. MT4 is the classic choice for forex trading with Expert Advisors, custom indicators, and automated strategies. MT5 extends the offering with additional timeframes, market depth, and an integrated economic calendar. Both platforms support the Pro account with raw spreads from 0.0 pip. The Tickmill App provides quotes, charts, and order placement on mobile.

Explore platform

Regulation & security

BaFin/FCA/ASIC

Regulatory information

FCA/CySEC

Regulatory information

Regulation does not prevent market losses. The relevant authority depends on the contracting entity.

Your investor profile

Who might it suit?

ECN broker with Razor account and ultra-fast execution

  • Razor account with raw spreads from 0.0 pip
  • Fast execution speed
  • MT4, MT5, cTrader and TradingView
  • No options trading
  • No real stocks, only CFDs

ECN broker with low spreads and fast execution

  • Very low spreads on Pro account
  • FCA and CySEC regulated
  • Fast order execution
  • Limited product range
  • No BaFin regulation

Find the broker that fits

Pepperstone oder Tickmill?

Side by side. Decided with knowledge.

See the differences that matter, and the Academy lessons that explain them.

Pepperstone4.5
  • Razor account with raw spreads from 0.0 pip
  • Fast execution speed
  • MT4, MT5, cTrader and TradingView
Tickmill4.2
  • Very low spreads on Pro account
  • FCA and CySEC regulated
  • Fast order execution
VS
  • Fees
  • Platform
  • Regulation
  • Matching lessons
Two brokers. Many options. Your call.
Open The Dealing Room

Your questions

Frequently asked questions

How do fees differ between Pepperstone and Tickmill?
Pepperstone: Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. Tickmill: Pro account: from 0.0 pip + $2 commission/lot, Classic: from 1.6 pip. Compare total costs for the specific market, product, currency and order size in the current fee schedule.
Which broker offers more products: Pepperstone or Tickmill?
Pepperstone offers Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices. Tickmill offers Forex, CFDs, Indices, Commodities, Bonds, Stocks CFDs, Crypto.
How are Pepperstone and Tickmill regulated?
The broker profiles list BaFin/FCA/ASIC for Pepperstone and FCA/CySEC for Tickmill. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is Pepperstone or Tickmill better for beginners?
Pepperstone lists a 0 € minimum deposit and offers MT4, MT5, cTrader, TradingView. Tickmill lists 100 € and offers MT4, MT5, Tickmill App. Compare usability, available products and costs for your intended use.
Pepperstone vs Tickmill: Which broker is better overall?
The choice between Pepperstone (4.5/5, 1800 reviews) and Tickmill (4.2/5, 750 reviews) depends on your needs. Pepperstone: ECN broker with Razor account and ultra-fast execution. Tickmill: ECN broker with low spreads and fast execution.
How do spreads compare between Pepperstone and Tickmill?
Pepperstone offers typical spreads of EUR/USD from 0.0 pip (Razor) + $3.50 per lot. Tickmill offers EUR/USD from 0.0 pip (Pro/Raw) + $2.00 per lot per side, 1.6 pip (Classic). Tighter spreads reduce trading costs especially for active trading.

Your next step

Your next step

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Before you pick a broker

The guides worth reading before your first trade, whichever of the two you choose.

Options risks & opportunitiesWhat you can lose, and what the risk buys you.Options taxes in GermanyFlat-rate tax, loss offsetting and allowances.Options trading basicsStrike, expiry, underlying: the building blocks of every option.
Terms in the glossary:MarginPremiumCall optionUnderlyingExercise