Pepperstone vs Tickmill — which is cheaper for raw-spread trading?
How this answer was verified
- Cross-checked against broker-published fact sheets, regulator licensing databases, and ESMA product intervention notices.
- Reviewed by the FX-Brokers EU editorial desks (Markets, Platforms, Regulation). Desk structure disclosed at /about/editorial-desks.
- Refreshed quarterly. The most recent verification date is shown above. Read our methodology.
Broker mentioned in this answer
Pepperstone
9.4/10Pepperstone serves EU clients through its CySEC-regulated entity (part of a group also licensed by BaFin, the FCA and ASIC), offering razor-sharp spreads, zero minimum deposit, and excellent execution across MT4, MT5, cTrader, and TradingView.
73.7% of retail CFD accounts lose money.
Affiliate disclosure: FX-Brokers.eu may receive compensation from brokers listed above when you open an account through our links. This does not affect our editorial ratings or the order in which brokers appear. Read our full affiliate disclosure.
Related
Broker review: Pepperstone
Pepperstone serves EU clients through its CySEC-regulated entity (part of a group also licensed by BaFin, the FCA and ASIC), offering razor-sharp spreads, zero minimum deposit, and excellent execution across MT4, MT5, cTrader, and TradingView.
Broker review: Tickmill
Tickmill offers competitive raw spread commissions ($3/lot/side), dual CySEC+FCA regulation, and solid execution for serious EU forex traders.
Which broker has the lowest forex spreads in Europe?
Tickmill, Eightcap and Pepperstone offer the lowest EUR/USD spreads available to EU clients, all advertising raw spreads from 0.0 pips during liquid sessions. On a commission-inclusive basis, Tickmill Pro and Eightcap Raw are marginally the cheapest at $6 round-turn per standard lot, with Pepperstone Razor at $7. Exness quotes comparable raw pricing globally but does not accept EU residents.
Standard vs Raw Spread account — which should I choose?
Choose a Raw Spread account if you trade more than 5 standard lots per month or use automated strategies. Choose a Standard account if you trade occasionally or prefer a single all-inclusive cost number. Raw accounts cost less per trade above that volume threshold; Standard accounts are simpler below it.
Is Tickmill a safe broker in 2026?
Tickmill is safe for EU clients via Tickmill Europe Ltd (CySEC 278/15). The group additionally holds FCA, FSCA and FSA Seychelles licences. EU clients get ICF compensation up to EUR 20,000, segregated funds at tier-one banks and ESMA negative balance protection.