Your capital is at risk. Trade only with funds you can afford to lose.
Templer FX
Doesn't accept traders from US. See available forex brokers
Not available in your countryRead Templer FX review
Pepperstone
Doesn't accept traders from US. See available forex brokers
Not available in your countryRead Pepperstone review
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 & trust4.6
- Assets & markets4.6
- Fees & costs4.5
- Platforms & tools4.8
- Accounts & banking4.0
- Education4.0
- Research4.3
- Customer support4.6
| Templer FX | Pepperstone | |
|---|---|---|
| Overview | Templer FX is an unregulated, offshore forex and CFD broker founded in 2004. The brokerage offers a small range of assets on the MetaTrader 4 or proprietary platform, with high leverage up to 1:2000 and micro-lot trading. As an ECN broker, the brand aims to provide ultra-low trading costs and fast execution, making it an attractive choice for active traders. | 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. |
| Customer Reviews | – | Based on 10 customer reviews |
| Trustpilot Score | – | |
| Bonus Offer | $30 No Deposit Welcome Bonus | – |
| Comment by Reviewer | “Templer FX will appeal to traders looking for a cent account and very high leverage up to 1:2000. The $1 minimum deposit also makes it accessible for beginners.” | “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).” |
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| Awards | – |
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| Instruments | Forex, CFDs, indices, shares, metals, energies, cryptocurrencies | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto CFDs, Spread Betting |
| Demo Account | Yes | Yes |
| Minimum Deposit | $1 | $0 |
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| Payment Methods | ||
| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | FSA | FCA, ASIC, CySEC, BaFin, DFSA, SCA, SCB, CMA-Kenya |
| Margin Trading | Yes | Yes |
| STP Account | No | Yes |
| ECN Account | Yes | Yes |
| DMA Account | No | Yes |
| MAM Account | Yes | Yes |
| PAMM Account | No | Yes |
| LAMM Account | No | No |
| Demat Account | No | No |
| AI / Machine Learning | No | No |
| Robo Advisor | No | No |
| Negative Balance Protection | No | Yes |
| Market Maker | No | No |
| P2P Trading | No | No |
| Spot Trading | Yes | Yes |
| Mobile Apps | iOS, Android, Blackberry | iOS & Android |
| 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. |
| Android App Rating | – | |
| iOS App Rating | – | |
| Auto Trading | Yes | Expert Advisors (EAs) on MetaTrader, cBots on cTrader |
| Copy Trading | No | 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. |
| Social Trading | No | No |
| Trade Signals | – | 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 |
| Islamic Account | Yes | Yes |
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| CFD Trading | ||
| Overview | Templer FX offers a modest suite of CFDs compared to other brands, covering shares, commodities, indices and cryptos. The good news is that you can start with as little as $1 and there are no commissions. | 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. |
| Leverage | 1:2000 | 1:30 (Retail - UK, EU, Australia), 1:500 (Pro), 1:200 (Offshore), 1:400 (Kenya) |
| FTSE Spread | 1.0 | 1.0 |
| GBPUSD Spread | 0.8 | 0.4 |
| Oil Spread | 2.0 | 0.02 |
| Stocks Spread | Variable | 0.02 |
| Forex Trading | ||
| Overview | Trade 30+ forex pairs with competitive spreads averaging 0.5 pips for EUR/USD. You can also access very high leverage up to 1:2000, though we urge caution when using unregulated brokers. | 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. |
| GBPUSD Spread | 0.8 | 0.4 |
| EURUSD Spread | 0.5 | 0.1 |
| EURGBP Spread | 1.1 | 0.4 |
| Assets | 32 | 100+ |
| Currency Indices | – |
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| Cryptocurrency | ||
| Overview | Traders can access popular cryptocurrencies, though the selection is not as wide as competitors. There is also the broker's Bitcoin account, where you can start with as little as 0.000001 BTC. | 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. |
| Spread | Floating | 30 (BTC) |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
Not available in your countryRead Templer FX review
Not available in your countryRead Pepperstone review
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.