E8 Markets and FXIFY both accept South African traders, but they suit different people. This comparison covers the rules, costs, payouts and platforms that decide which firm is the better fit for you, based on each firm’s published terms as of September 2026.
Quick verdict
Choose E8 Markets if you want on-demand payouts from a US-registered firm. Choose FXIFY if you want TradingView and more program choices.
Side-by-side comparison
| E8 Markets | FXIFY | |
|---|---|---|
| Founded | 2021 | 2023 |
| Headquarters | United States | United Kingdom |
| Evaluation | E8 One 1-step (6%), E8 Signature | One, Two and Three Phase, Lightning, Instant |
| Daily loss | 3% (E8 One) | 3% (One Phase); 5% (Three Phase) |
| Maximum loss | 4–14% real-time trailing (E8 One) | 6% trailing that locks (One Phase); static or trailing on Two Phase variants |
| Consistency rule | 40% best day on funded E8 One | Up to 25% best day on some funded accounts |
| Time limit | None | None |
| Cheapest entry | about $40 ($5K) | $39 ($5K) |
| Profit split | 80%, or 90%/100% as a paid option | 80%; 90% add-on; 100% on some plans |
| Payout frequency | On demand once eligible | On-demand first payout, then about every 14 days |
| Payout speed | Reported within 1–3 days | 2026 reports of payout denials |
| Platforms | MT5 and others; futures on Tradovate | MT4, MT5, DXtrade, TradingView |
| EAs | Check current terms | Allowed on evaluations (not Instant) |
| Our rating | 4.1 / 5 | 3.9 / 5 |
Evaluation rules and drawdown
E8 Markets offers E8 One 1-step (6%), E8 Signature, with a daily loss of 3% (E8 One) and a maximum loss of 4–14% real-time trailing (E8 One). FXIFY offers One, Two and Three Phase, Lightning, Instant, with a daily loss of 3% (One Phase); 5% (Three Phase) and a maximum loss of 6% trailing that locks (One Phase); static or trailing on Two Phase variants.
The biggest practical difference is the drawdown. E8 Markets uses a trailing maximum drawdown that follows your highest balance, while FXIFY uses a mix of static and trailing drawdowns depending on the program. After a winning run, the trailing limit leaves you much less room for a pullback. Read our guide to trailing vs static drawdown for worked examples.
Consistency rules. E8 Markets: 40% best day on funded E8 One. FXIFY: Up to 25% best day on some funded accounts.
Costs
E8 Markets starts at about $40 for $5K, while FXIFY starts at $39 for $5K. Fees are charged in USD or EUR, so South Africans should expect a card conversion fee on top. Check whether each firm refunds the fee with your first payout.
Profit split and payouts
| Firm | Profit split | Payout schedule | Speed and methods |
|---|---|---|---|
| E8 Markets | 80%, or 90%/100% as a paid option | On demand once eligible | Reported within 1–3 days |
| FXIFY | 80%; 90% add-on; 100% on some plans | On-demand first payout, then about every 14 days | 2026 reports of payout denials |
Look beyond the headline split: payout frequency, withdrawal fees and consistency conditions decide how much you actually receive and when. Both firms pay in USD (or EUR), so South Africans should compare conversion costs across payout methods.
Platforms and strategies
| Firm | Platforms | Expert Advisors (EAs) |
|---|---|---|
| E8 Markets | MT5 and others; futures on Tradovate | Check current terms |
| FXIFY | MT4, MT5, DXtrade, TradingView | Allowed on evaluations (not Instant) |
If you already use MetaTrader or run automated strategies, check that your platform and EA are supported before paying for a challenge.
What it costs in rand
At an illustrative rate of R18 per US dollar (check today’s rate and your card’s foreign transaction fee):
| Firm | Cheapest entry | Approx. in rand |
|---|---|---|
| E8 Markets | about $40 | about R720 |
| FXIFY | $39 | about R700 |
Card payments to offshore firms count toward your single discretionary allowance, and payouts arrive in foreign currency that you’ll convert to rand. See how to withdraw prop firm profits in South Africa.
Trading from South Africa
Forex traders get the most liquidity during the London–New York overlap, roughly 14:00–18:00 SAST in the Northern summer and 15:00–19:00 in winter. US index futures are busiest after the New York cash open at 15:30 or 16:30 SAST. Payouts are income for SARS, usually declared through provisional tax: see prop firm tax in South Africa.
Which should you choose?
E8’s on-demand payouts and verifiable payout history give it the edge on reliability; FXIFY wins on platforms, including TradingView.
Visit E8 Markets Read our E8 Markets review
Visit FXIFY Read our FXIFY review
E8 Markets vs FXIFY FAQ
Which is cheaper, E8 Markets or FXIFY?
E8 Markets starts at about $40 for $5K, while FXIFY starts at $39 for $5K.
Which has the better profit split?
E8 Markets pays 80%, or 90%/100% as a paid option. FXIFY pays 80%; 90% add-on; 100% on some plans.
Which has the easier drawdown rules?
E8 Markets uses a trailing maximum drawdown that follows your highest balance; FXIFY uses a mix of static and trailing drawdowns depending on the program. Static limits are generally easier to manage.
Can South Africans use both E8 Markets and FXIFY?
Yes. E8 Markets: Yes (confirm per track). FXIFY: Yes (confirm at checkout).
Can South Africans use both E8 Markets and FXIFY?
Yes. Both firms accept South African residents; confirm eligibility at checkout.
How much does it cost in rand?
At an illustrative R18 per US dollar, E8 Markets starts at about R720 and FXIFY at about R700.