Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.
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BrokerDNA™
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
Pepperstone
9.3
/10
VISIT PEPPERSTONE
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
Tickmill
8.6
/10
VISIT TICKMILL
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
AvaTrade
9.7
/10
VISIT AVATRADE
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
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About |
Pepperstone is regulated by ASIC. Pepperstone have provided Forex trading services since 2010. |
Tickmill is regulated by FSA SD008. Tickmill have provided Forex trading services since 2014. |
AvaTrade is regulated by the Central Bank of Ireland, ASIC (Australia), FSA (Japan), FSB (South Africa) and BVI. AvaTrade have provided Forex trading services since 2006. |
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Why choose them? |
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Headquarters | Melbourne, Australia | Seychelles | Dublin, Ireland | |
TRADING SERVICES OFFERED |
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Spot Forex | ||||
Forex (CFD) | ||||
CFD | ||||
Spread Betting | ||||
Social Trading | ||||
MARKETS & INSTRUMENTS | ||||
Forex (currency pairs) | 61 | 59 | ||
Commodities Offered | 12 | 16 | ||
Stocks Offered | 60 | 99 | ||
Bitcoin | ||||
Majors | ||||
Indices | ||||
US Stocks | ||||
Penny stocks | ||||
Energies | ||||
Metals | ||||
Agriculturals | ||||
FTSE | ||||
Dow Jones | ||||
Dax | ||||
Nikkei | ||||
ETFs | ||||
IPO | ||||
See all instruments
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% 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. |
See all instruments
81% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd |
See all instruments
79% of retail investor accounts lose money when trading CFDs with this provider. |
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PLATFORM & FEATURES |
See the platforms and features offered by each broker |
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Screenshot |
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MT4 | ||||
MT5 | ||||
MT4 Mac | ||||
WebTrader | ||||
Mirror Trader | ||||
ZuluTrade | ||||
Sirix | ||||
cTrader | ||||
PAMM | ||||
Custom Platforms | No | No | AvaTradeAct, AVAOptions | |
APPS |
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iOS |
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Android |
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Windows |
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Available Languages |
English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |
English, Spanish, Russian, Chinese, Indonesian, and Vietnamese |
English, Italian, German, French, Greek, Hebrew, Spanish, Arabic, Malay, Russian, Chinese, Portuguese and Dutch |
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See platform & features
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% 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. |
See platform & features
81% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd |
See platform & features
79% of retail investor accounts lose money when trading CFDs with this provider. |
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ACCOUNT INFORMATION |
From micro accounts to ECN accounts, compare the accounts offered by Pepperstone and Tickmill |
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Demo account | ||||
Mini account | ||||
Micro account | ||||
Standard account | ||||
ECN Account | ||||
Islamic account | ||||
Zero spread account | ||||
VIP account | ||||
Fixed spreads | ||||
Variable spreads | ||||
See account options
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% 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. |
See account options
81% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd |
See account options
79% of retail investor accounts lose money when trading CFDs with this provider. |
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TRADING CONDITIONS |
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Scalping | ||||
Hedging | ||||
Expert advisors (EAs) | ||||
Virtual private server | ||||
Direct market access | ||||
STP broker | ||||
Market maker | ||||
Min trade | 0.01 Lot | 0.01 Lot | 0.01 Lot | |
Max trade | None | None | None | |
Min deposit | $200 | $25 | $100 | |
RISK MANAGEMENT |
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Stop losses | ||||
Limit orders | ||||
One-click trading | ||||
Trailing stops | ||||
Price alerts | ||||
Signal trading | ||||
FUNDING METHODS |
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Credit card | ||||
Bank transfer | ||||
Standard account | ||||
Paypal | ||||
Neteller | ||||
Skrill | ||||
Payment processing time | Varies | Varies | Varies | |
Withdrawal processing time | Varies | Varies | Varies | |
See all funding options
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% 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. |
See all funding options
81% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd |
See all funding options
79% of retail investor accounts lose money when trading CFDs with this provider. |
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DETAILED INFO |
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Excluded countries | EU countries, AU, US | EU countries, AU, US | BE,BR,NZ,US,KE,IN,GH | |
Contact email | Send Email | Send Email | Send Email | |
Phone number | 61 3 9020 0155 | +65 3163 0958 | (44) (0) 8005200423 | |
Live Chat | ||||
Website | https://pepperstone.com/ | http://www.tickmill.com/ | http://www.avatrade.com/ | |
Spreads: | ||||
EUR/USD (Average: 0.7 pips) | 0.09 pips + $5.00 | 0.2 pips + $4.00 | 0.9 pips | |
GBP/USD (Average: 1.1 pips) | 0.59 pips + $5.00 | 0.7 pips + $4.00 | 1.6 pips | |
USD/JPY (Average: 1.1 pips) | 0.25 pips + $5.00 | 0.2 pips + $4.00 | 1.1 pips | |
AUD/USD (Average: 0.8 pips) | 0.17 pips + $5.00 | 0.4 pips + $4.00 | 1.1 pips | |
USD/CHF (Average: 2.3 pips) | 0.35 pips + $5.00 | 0.7 pips + $4.00 | 1.6 pips | |
USD/CAD (Average: 2.9 pips) | 0.31 pips + $5.00 | 0.6 pips + $4.00 | 2.0 pips | |
NZD/USD (Average: 3.6 pips) | 1.1 pips + $5.00 | 0.7 pips + $4.00 | 1.8 pips | |
EUR/GBP (Average: 2.4 pips) | 1.0 pips + $5.00 | 0.5 pips + $4.00 | 1.5 pips | |
View all spreads
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% 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. |
View all spreads
81% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd |
View all spreads
79% of retail investor accounts lose money when trading CFDs with this provider. |
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FEES |
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Inactivity Fee | No | No | No | |
Commission | Yes | No | No | |
Deposit Fee | No | No fees | No | |
Withdrawal Fee | No | No | No | |
View All Fees
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% 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. |
View All Fees
81% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd |
View All Fees
79% of retail investor accounts lose money when trading CFDs with this provider. |
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Last update |
All information collected from https://pepperstone.com/. Last updated on 01/01/2021. |
All information collected from http://www.tickmill.com/. Last updated on 01/01/2021. |
All information collected from http://www.avatrade.com/. Last updated on 01/01/2021. |
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Company |
Pepperstone provide a trading platform for retail and institutional investors looking for a broker that provides fast execution, reliable technology, award winning customer service all at superior competitive pricing. |
Tickmill is an online forex trading service provider who are regulated by the Financial Services Authority. To open an account with Tickmill, minimum deposits start from $25 or equivalent. For more information about trading with Tickmill, we have put together an indepth Tickmill review with all the pros and cons about this broker. |
Since 2006, Avatrade have attracted over 20,000 traders to their platform. While their spreads are not the most competitive, they do offer traders a range of great features, such as guaranteed stop losses, the ability to hedge / scalp, and low margins. |
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Popular comparisons |
Popular comparisons feat. Pepperstone
Pepperstone vs IC Markets |
Popular comparisons feat. Tickmill
ETX Capital vs Tickmill |
Popular comparisons feat. AvaTrade
Avatrade vs LCG |
If you’re a trader looking for a broker that offers a wide variety of instruments to trade, Pepperstone is likely the better option out of these brokers. However, if you want a broker with ECN execution, Tickmill may be more appropriate.
You can determine a broker’s reliability & trustworthiness by looking at eight factors:
Based on these eight factors, we consider Pepperstone and Tickmill to be equally reliable. We’ve broken down why below:
Pepperstone is regulated by Financial Conduct Authority,UK and ASIC, while Tickmill is regulated by Financial Conduct Authority.
AvaTrade are regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI
If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).
This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.
Pepperstone has been around for 11 years, while Tickmill have been around for 7 years. Our third alternative broker, AvaTrade, have been around for 15 years.
You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?
Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.
All three brokers above will hold your money in a separate bank account.
Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.
Both Pepperstone and Tickmill use tier one banks, but we are not sure of which bank specifically.
If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.
We’re not aware of any penalties or fines imposed by regulators on Pepperstone or Tickmill in the past five years.
While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.
Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.
Both Pepperstone and Tickmill are privately owned companies.
Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.
Pepperstone are based in Melbourne, Australia, while Tickmill are based in Seychelles .
Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.
This can be broken down into three categories:
If you’re looking to trade currency pairs, both Pepperstone and Tickmill offer forex trading. Pepperstone have a slightly larger variety of currency pairs with 61 pairs, compared to offered by Tickmill. Also, if you’re looking to trade cryptocurrencies, Pepperstone offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.
If you’re looking to trade commodities like gold, silver or oil, Pepperstone may be a better fit as Tickmill does not offer commodity trading.
Pepperstone also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.
If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both Pepperstone and Tickmill offer this. Pepperstone also offer the new & improved MT5 platform. Our alternative broker, AvaTrade, also offers MT4 and MT5.
In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. Tickmill, for example, offer a mini account, standard account and VIP account.
If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.
Pepperstone does allow scalping and hedging. While Tickmill also allows scalping and hedging. You can trade with EAs (expert advisors) on both Pepperstone and Tickmill.
In terms of risk management tools, Pepperstone does offer negative balance protection to prevent you owing your broker more than you’ve deposited, but Tickmill doesn't offer this.
Pepperstone also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.
Pepperstone accept Paypal while Tickmill accept Neteller.
Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.
For trading EUR/USD, Pepperstone and Tickmill both charge 0.00 points. Therefore, both brokers are equally affordable for this instrument. You can jump back up to our comparison of their currency pair & indice spreads above.
Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Tickmill is more reliable based on our criteria above. Pepperstone has a wider range of instruments to trade. Pepperstone offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.
Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:
Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.