FTMO is a solid firm, rated 4.6/5 in our FTMO review, but it isn’t right for everyone. Common reasons traders look elsewhere include higher prices and an 80% base split. These are the best FTMO alternatives for South African traders, and what each does better.
Quick list
FundedNext, Funding Pips, The5ers, E8 Markets.
How FTMO compares
| Evaluation | 2-Step (10% / 5%) or 1-Step (10%) |
|---|---|
| Maximum loss | 10% static (2-Step); 10% trailing (1-Step) |
| Profit split | 80%, up to 90% via scaling |
| Payouts | First after 14 days, then bi-weekly or on demand (Usually fast) |
| Platforms | MetaTrader, cTrader, DXtrade |
The best FTMO alternatives
1. FundedNext
Why switch: A lower 8% first target, a cheaper entry and a 24-hour payout guarantee, with the same 5%/10% static loss limits.
| Entry price | $59.99 ($6K) |
|---|---|
| Maximum loss | 10% static (2-Step); 6% static (1-Step) |
| Profit split | 80%; 90% via scaling; 95% add-on |
| Payouts | 1-Step every 5 business days; 2-Step after 21 days, then 14 |
Visit FundedNext Read our FundedNext review
2. Funding Pips
Why switch: A static drawdown at a fraction of FTMO’s price, and a 100% split if you choose monthly payouts.
| Entry price | about $29–$36 ($5K) |
|---|---|
| Maximum loss | Static on evaluations |
| Profit split | 60% weekly, 80% bi-weekly, 100% monthly |
| Payouts | Weekly, bi-weekly, monthly or on demand |
Visit Funding Pips Read our Funding Pips review
3. The5ers
Why switch: Entry from $19 and a scaling path to a 100% split, though payouts are slower.
| Entry price | $19 ($2.5K) |
|---|---|
| Maximum loss | 10% (High Stakes); 6% stop-out (Growth) |
| Profit split | 80% rising to 100% at $350K (High Stakes) |
| Payouts | Every 14 days |
Visit The5ers Read our The5ers review
4. E8 Markets
Why switch: A single 6% target and on-demand payouts, if you’re comfortable with a trailing drawdown.
| Entry price | about $40 ($5K) |
|---|---|
| Maximum loss | 4–14% real-time trailing (E8 One) |
| Profit split | 80%, or 90%/100% as a paid option |
| Payouts | On demand once eligible |
Visit E8 Markets Read our E8 Markets review
When to stay with FTMO
Stay with FTMO if you value a stable rulebook, a static 2-Step drawdown and EA freedom more than price.
How to choose
Start with the reason you’re leaving FTMO. If it’s drawdown rules, prioritise firms with a static maximum loss. If it’s payouts, compare frequency and speed on our fastest paying prop firms page. If it’s platforms or EAs, check the platform list first. Then compare two finalists side by side using our comparison pages.
FAQ
What is the best alternative to FTMO?
It depends on why you’re switching. FundedNext: A lower 8% first target, a cheaper entry and a 24-hour payout guarantee, with the same 5%/10% static loss limits.
Is there a cheaper alternative to FTMO?
The5ers starts at $19 for $2,500, and Funding Pips, FXIFY and E8 Markets start around $29–$40 for $5,000.
Do these FTMO alternatives accept South Africans?
Yes. Every firm listed accepts South African residents; confirm eligibility at checkout.