Funding Pips is a solid firm, rated 4.3/5 in our Funding Pips review, but it isn’t right for everyone. Common reasons traders look elsewhere include a split tied to your payout cycle and a strike system. These are the best Funding Pips alternatives for South African traders, and what each does better.
Quick list
FundedNext, FTMO, E8 Markets, The5ers.
How Funding Pips compares
| Evaluation | 1-Step, 2-Step (Standard, Pro, Flex), Zero instant |
|---|---|
| Maximum loss | Static on evaluations |
| Profit split | 60% weekly, 80% bi-weekly, 100% monthly |
| Payouts | Weekly, bi-weekly, monthly or on demand (Processed Tuesdays; often within hours) |
| Platforms | MT5, cTrader, Match-Trader |
The best Funding Pips alternatives
1. FundedNext
Why switch: MT4 support, a 24-hour payout guarantee and a 15% reward on challenge profits.
| 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. FTMO
Why switch: The most established firm, with stable rules and EAs allowed.
| Entry price | €89 ($10K) |
|---|---|
| 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 |
Visit FTMO Read our FTMO review
3. E8 Markets
Why switch: On-demand payouts and a US-registered company.
| 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
4. The5ers
Why switch: A cheaper $19 entry and long-term scaling.
| 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
When to stay with Funding Pips
Stay with Funding Pips if you want a static drawdown at a low price and are happy with a monthly payout cycle for the full split.
How to choose
Start with the reason you’re leaving Funding Pips. 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 Funding Pips?
It depends on why you’re switching. FundedNext: MT4 support, a 24-hour payout guarantee and a 15% reward on challenge profits.
Is there a cheaper alternative to Funding Pips?
The5ers starts at $19 for $2,500, and Funding Pips, FXIFY and E8 Markets start around $29–$40 for $5,000.
Do these Funding Pips alternatives accept South Africans?
Yes. Every firm listed accepts South African residents; confirm eligibility at checkout.