Your capital is at risk. Trade only with funds you can afford to lose.
Pepperstone
#5 in our CFD broker rankings
Accepts traders from Qatar
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 73-89% of retail investor accounts lose money when trading CFDs.
Rating breakdown
- Regulation & trust4.61.1 higher than Deriv (3.5)
- Assets & markets4.60.2 lower than Deriv (4.8)
- Fees & costs4.51.0 higher than Deriv (3.5)
- Platforms & tools4.80.3 higher than Deriv (4.5)
- Accounts & banking4.0same as Deriv (4.0)
- Education4.00.2 higher than Deriv (3.8)
- Research4.31.8 higher than Deriv (2.5)
- Customer support4.60.8 higher than Deriv (3.8)
Deriv’s score. Numbers show the difference.
Deriv
#2 in our binary options broker rankings
Accepts traders from Qatar
Rating breakdown
- Regulation & trust3.51.1 lower than Pepperstone (4.6)
- Assets & markets4.80.2 higher than Pepperstone (4.6)
- Fees & costs3.51.0 lower than Pepperstone (4.5)
- Platforms & tools4.50.3 lower than Pepperstone (4.8)
- Accounts & banking4.0same as Pepperstone (4.0)
- Education3.80.2 lower than Pepperstone (4.0)
- Research2.51.8 lower than Pepperstone (4.3)
- Customer support3.80.8 lower than Pepperstone (4.6)
Pepperstone’s score. Numbers show the difference.
| Pepperstone | Deriv | |
|---|---|---|
| Overview | Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 830,000 clients worldwide. It offers access to 1,400+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, helping to ensure a secure environment for day traders at all levels. | Established in 1999, Deriv is an innovative broker now serving over 2.5 million global clients. The firm offers CFDs, multipliers and more recently accumulators, alongside its proprietary derived products which can't be found elsewhere, providing flexible short-term trading opportunities. |
| Customer Reviews | Based on 10 customer reviews | Based on 4 customer reviews |
| Trustpilot Score | ||
| Comment by Reviewer | “Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/5 support (18h a day on weekends).” | “Deriv is ideal for active traders seeking alternative ways to speculate on global financial markets, from binaries, multipliers and accumulator options to its bespoke synthetic indices, which mimic real market movements and are available 24/7, allowing for continuous trading opportunities regardless of market hours. It remains one of the most trusted, longest-standing binary providers, earning the confidence of our team.” |
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| Instruments | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto CFDs, Spread Betting | CFDs, Multipliers, Accumulators, Synthetic Indices, Forex, Stocks, Options, Commodities, ETFs |
| Demo Account | Yes | Yes |
| Minimum Deposit | $0 | $5 |
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| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | FCA, ASIC, CySEC, BaFin, DFSA, SCA, SCB, CMA-Kenya | MFSA, LFSA, BVIFSC, VFSC, FSC |
| Margin Trading | Yes | Yes |
| STP Account | Yes | No |
| ECN Account | Yes | No |
| DMA Account | Yes | No |
| MAM Account | Yes | No |
| PAMM Account | Yes | No |
| LAMM Account | No | No |
| Demat Account | No | No |
| AI / Machine Learning | No | Yes |
| Robo Advisor | No | No |
| Negative Balance Protection | Yes | Yes |
| Market Maker | No | Yes |
| P2P Trading | No | No |
| Spot Trading | Yes | Yes |
| Mobile Apps | iOS & Android | Android, iOS (plus progressive web app) |
| App Review | Pepperstone excels for its excellent integration with the MT4, MT5, cTrader, and TradingView apps, making it a standout option for day traders familiar with these leading third-party trading solutions. These platforms deliver a stable and reliable mobile trading experience, enhanced by Pepperstone's almost unrivalled execution speeds and wide range of asset classes. Recent improvements also helped it secure second place in DayTrading.com's annual 'Best Trading App' award for 2025. | Deriv excels with its straightforward app design, enhanced in 2025 with streamlined position management and clearer contract details, alongside its diverse trading opportunities, from traditional markets to custom indices that simulate real-world markets and offer 24-hour trading, including on weekends. The in-app chat assistance, which can’t be found at many alternatives, is also fast and reliable, providing an important layer of support for new users. These all helped Deriv secure DayTrading.com's 'Best Trading App' award in 2025. |
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| Auto Trading | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | Expert Advisors (EAs) on MetaTrader, DBots |
| Copy Trading | Yes | Yes |
| Copy Trading Platform | Pepperstone facilitates the replication of experienced traders' strategies through MetaTrader Signals, DupliTrade and now its own copy trading app (available in certain regions) through a partnership with Pelican Trading, providing access to thousands of experienced traders and personalized risk parameters. On the downside, it lacks support for cTrader Copy which may deter users familiar with the terminal from Spotware. | Deriv stands out in this toplist as our most trusted binary broker for copy trading. The platform lets you replicate the positions of experienced traders through signals on DMT5. From our time testing the service, you receive signals in real-time and then decide whether to action trades in your own account. The best part is that the process of copying is still automated, which is ideal for those seeking a hands-off approach. |
| Social Trading | No | No |
| Trade Signals | Yes | Yes |
| VPS Hosting | No | No |
| Tournaments | No | No |
| Demo Competitions | No | No |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | $0 | $25 |
| Islamic Account | Yes | Yes |
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| CFD Trading | ||
| Overview | Pepperstone maintains its position as one of the fastest and most dependable CFD brokers during our latest round of testing. With execution speeds averaging around 30ms and an outstanding fill rate of 99.90%, the broker ensures a seamless trading experience without requotes or dealing desk interference. It also provides ample trading opportunities across over 1,300 assets. | Since broadening its range of CFDs in 2023, Deriv now offers trading on rising and falling prices across hundreds of global financial markets. This includes the firm’s exclusive synthetic indices which imitate real markets but run around the clock for additional trading opportunities. |
| Leverage | 1:30 (Retail - UK, EU, Australia), 1:500 (Pro), 1:200 (Offshore), 1:400 (Kenya) | 1:1000 (varies by region) |
| FTSE Spread | 1.0 | 1.28 |
| GBPUSD Spread | 0.4 | 1.4 |
| Oil Spread | 0.02 | 0.02 |
| Stocks Spread | 0.02 | 0.59 (Apple) |
| Forex Trading | ||
| Overview | Pepperstone offers ultra-competitive forex spreads averaging 0.12 pips on EUR/USD in the Razor account, accompanied by a diverse portfolio comprising 100+ currency pairs - an extensive selection surpassing most competitors. Additionally, Pepperstone distinguishes itself by offering three currency indices (USDX, EURX, JPYX), not commonly found among alternative platforms. Pepperstone has now won our annual 'Best Forex Broker' award twice. | Deriv has expanded its range of currency pairs, now enabling clients to go long or short on a over 40 major, minor and exotic currency pairs. Spreads on EUR/USD are also competitive at 0.44 pips, especially since being slashed in 2021, while forex CFDs are available via MT5 and multipliers on the broker's beginner-friendly Deriv Trader. |
| GBPUSD Spread | 0.4 | 1.4 |
| EURUSD Spread | 0.1 | 1.4 |
| EURGBP Spread | 0.4 | 1.0 |
| Assets | 100+ | 40+ |
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| Cryptocurrency | ||
| Overview | Pepperstone continues to prove itself as one of the most trusted crypto CFD brokers. Although its selection of digital tokens is average, you can trade popular cryptos like Bitcoin and altcoins like Ripple with up to 1:10 leverage, while its crypto indices provide a holistic view of the digital currency markets not found on most day trading platforms. It has also launched a dedicated crypto exchange in Australia - Pepperstone Crypto. | Deriv.com continues to offer a strong selection of 30+ crypto pairs - more than double the range offered by competitors like IQ Cent. It’s also one of the only binary providers to offer alternative ways to speculate on cryptos, including with leverage up to 1:2, doubling potential returns (and losses). Deriv Trader sports a slick interface with clean charting tools to analyze short-term crypto price movements. |
| Spread | 30 (BTC) | From 0.5 |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
| Binary Options | ||
| Overview | Binary options trading not offered | Deriv.com offers premium binary options on traditional and emerging financial markets with payouts up to 50,000 USD. Binaries are available 24/7, 365 days a year with around the clock customer support and one of the slickest trading platforms we've used. |
| Payout | – | 100% |
| Expiry Times | – | 15 seconds - 365 days |
| Ladder Options | No | Yes |
| Boundary Options | No | Yes |
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 73-89% of retail investor accounts lose money when trading CFDs.