Pepperstone and Tickmill are both respectable brokerages with a lot of features to offers. How do they compare in terms of spread?

Which broker, Pepperstone or Tickmill, is better regarding spreads? If we compare the spreads between Tickmill and Pepperstone, Tickmill has a much lower spread than Pepperstone. However, we must also note that Pepperstone is more trustworthy than Tickmill. Let's break down the explanation below.

tickmill vs pepperstone

 

Tickmill Spreads by Account Type

Tickmill is a broker established in 2015 and created by an experienced team of global market traders who understand what traders require to attain their maximum potential. It's great that the broker offers three distinct account types so they can meet the requirements of a wide variety of traders. You can try the Classic, the Pro, or the VIP account.

To dive further into the spreads offered at Tickmill, we must look at the different real account types it offers and the breakdown of each one of them. This will help us understand which account type is better regarding spreads and commissions. They are as follows:

 

Spreads in Classic Account

The most basic account offered at Tickmill is their classic account. However, this account is not basic at all. The classic account charges zero commissions and requires a minimum deposit of just $100. Despite this, their spreads are not so forgiving. Spreads on the classic account begin at 1.6pips. If you're a scalper, this may be a lot for you. However, this may be great if you're a long-term or beginner trader.

 

Spreads in Pro Account

If you want to get the best of both worlds, the pro account is just the one for you. Requiring a minimum deposit of just $100, you can enjoy spreads that begin at 0.0 pips. However, there is a catch. This account does charge a commission of 2 per side per 100,000 traded. Depending on what type of trader you are, I'd say this is still a steal.

 

Spreads VIP Account

Last but certainly not least, who can forget the VIP account offered by Tickmill? This account has spreads that begin at 0.0 pips, and its commission fees are also quite reasonable. The commissions on the VIP account are only 1 per side per 100,000 traded. So, whether you're a scalper or a swing trader, this should be your best account. However, remember that it requires a minimum balance of $50,000.

 

Pepperstone Spreads by Account Type

Pepperstone is a broker that is widely considered one of the most reputable trading providers. Pepperstone caters to the specific requirements of each trader by providing a wide variety of account types.

To dive further into the spreads offered at Pepperstone, we must look at the different real account types it offers and the breakdown of each one of them. This will help us understand which account type is better regarding spreads and commissions. They are as follows:

 

Standard Account Spreads

The most basic account offered by Pepperstone is called the Standard account. This account has spreads that begin at 1.0 pips but increase depending on the market volatility. It is also important to note that this account charges commissions that begin at $7 round turn for every $100K traded.

 

Razor Account Spreads

If you want a more upscale trading account, the razor account is for you. The pips for this account started from 0.00 pips due to the nature of Pepperstone as an ECN broker. But, in reality, charges you about 1.0 to 1.3 pips on average. However, you can enjoy the benefit of zero commissions. If you're a new trader still dipping your toes in the industry, there is no better way to start your trading career.

 

Final Verdict

Pepperstone is one of the most well-known trading brokers in the world. They have a demonstrated history of delivering outstanding and cutting-edge trading conditions, supported by industry-leading customer service. They are widely known for being one of the major forex brokers in terms of volume, and they have stringent regulations to ensure that you may trade without worrying about losing your money.

In general, I found Tickmill to be a very advanced online broker that was, at the same time, quite easy to use. They also provided a professional service appropriate for traders of all experience levels. The spreads and commissions are among the lowest in the industry, and the accounts are adaptable enough to meet the requirements of various traders. Because they are regulated in several jurisdictions, I am free to concentrate solely on my trading, and should I want assistance, the support team is easy to contact.

 

Spread is one of the most important factors in trading. Not only can it affect your trading cost, but it also affects your profit as well. How does spread affect profit in forex?