FundedNext and Funding Pips 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 FundedNext if you want MT4, a 24-hour payout guarantee and a reward on challenge profits. Choose Funding Pips if you want the lowest price and a 100% split on monthly payouts.
Side-by-side comparison
| FundedNext | Funding Pips | |
|---|---|---|
| Founded | 2022 | 2022 |
| Headquarters | UAE | Dubai, UAE |
| Evaluation | Stellar 2-Step (8% / 5%), 1-Step (10%), Lite, Instant | 1-Step, 2-Step (Standard, Pro, Flex), Zero instant |
| Daily loss | 5% (2-Step); 3% (1-Step) | Varies by program |
| Maximum loss | 10% static (2-Step); 6% static (1-Step) | Static on evaluations |
| Consistency rule | Varies by model | On on-demand payouts and some funded accounts |
| Time limit | None | None |
| Cheapest entry | $59.99 ($6K) | about $29–$36 ($5K) |
| Profit split | 80%; 90% via scaling; 95% add-on | 60% weekly, 80% bi-weekly, 100% monthly |
| Payout frequency | 1-Step every 5 business days; 2-Step after 21 days, then 14 | Weekly, bi-weekly, monthly or on demand |
| Payout speed | 24-hour guarantee or $1,000 | Processed Tuesdays; often within hours |
| Platforms | MT4, MT5, cTrader, Match-Trader | MT5, cTrader, Match-Trader |
| EAs | Allowed on MT4/MT5 | Allowed (no MT4) |
| Our rating | 4.4 / 5 | 4.3 / 5 |
Evaluation rules and drawdown
FundedNext offers Stellar 2-Step (8% / 5%), 1-Step (10%), Lite, Instant, with a daily loss of 5% (2-Step); 3% (1-Step) and a maximum loss of 10% static (2-Step); 6% static (1-Step). Funding Pips offers 1-Step, 2-Step (Standard, Pro, Flex), Zero instant, with a daily loss of Varies by program and a maximum loss of Static on evaluations.
Both firms use a static maximum loss that never moves up with profits on their main evaluations, so the bigger differences lie elsewhere. Read our guide to trailing vs static drawdown for worked examples.
Consistency rules. FundedNext: Varies by model. Funding Pips: On on-demand payouts and some funded accounts.
Costs
FundedNext starts at $59.99 for $6K, while Funding Pips starts at about $29–$36 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 |
|---|---|---|---|
| FundedNext | 80%; 90% via scaling; 95% add-on | 1-Step every 5 business days; 2-Step after 21 days, then 14 | 24-hour guarantee or $1,000 |
| Funding Pips | 60% weekly, 80% bi-weekly, 100% monthly | Weekly, bi-weekly, monthly or on demand | Processed Tuesdays; often within hours |
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) |
|---|---|---|
| FundedNext | MT4, MT5, cTrader, Match-Trader | Allowed on MT4/MT5 |
| Funding Pips | MT5, cTrader, Match-Trader | Allowed (no MT4) |
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 |
|---|---|---|
| FundedNext | $59.99 | about R1,080 |
| Funding Pips | about $29–$36 | about R520–R650 |
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?
Two high-volume firms with static drawdowns and fast payouts. FundedNext adds MT4 and its payout guarantee; Funding Pips is cheaper and more generous on split if you choose the monthly cycle.
Visit FundedNext Read our FundedNext review
Visit Funding Pips Read our Funding Pips review
FundedNext vs Funding Pips FAQ
Which is cheaper, FundedNext or Funding Pips?
FundedNext starts at $59.99 for $6K, while Funding Pips starts at about $29–$36 for $5K.
Which has the better profit split?
FundedNext pays 80%; 90% via scaling; 95% add-on. Funding Pips pays 60% weekly, 80% bi-weekly, 100% monthly.
Which has the easier drawdown rules?
Both use a static maximum loss that never moves up with profits.
Can South Africans use both FundedNext and Funding Pips?
Yes. FundedNext: Yes. Funding Pips: Yes (confirm at checkout).
Can South Africans use both FundedNext and Funding Pips?
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, FundedNext starts at about R1,080 and Funding Pips at about R520–R650.