A two-component electrophotographic developer for use in developing a latent electrostatic image of a low potential. The developer is composed of a mixture of a magnetic carrier of spherical sintered ferrite particles having raised and depressed portions attributed to the primary particles on their surface, a median size of from 30 to 50 micrometers, an apparent density of less than 2.6 g/cc and an electric resistance, measured in the form of a magnetic brush, of from 6.times.10.sup.4 to 2.5.times.10.sup.6 ohms and chargeable toner particles having a volume inherent resistivity of at least 1.times.10.sup.13 ohms-cm and a specific inductive capacity of from 4 to 6. In a preferred embodiment, the chargeable toner particles have a median size of from 10 to 14 micrometers and are substantially free from particles having a particle diameter of not more than 5 micrometers. The developer can give an image of a high density, a high resolution and excellent gradation without brush marks.