Funding Pips 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 Funding Pips if you want a static drawdown, low prices and a strong payout record. Choose FXIFY if you need TradingView or MT4.
Side-by-side comparison
| Funding Pips | FXIFY | |
|---|---|---|
| Founded | 2022 | 2023 |
| Headquarters | Dubai, UAE | United Kingdom |
| Evaluation | 1-Step, 2-Step (Standard, Pro, Flex), Zero instant | One, Two and Three Phase, Lightning, Instant |
| Daily loss | Varies by program | 3% (One Phase); 5% (Three Phase) |
| Maximum loss | Static on evaluations | 6% trailing that locks (One Phase); static or trailing on Two Phase variants |
| Consistency rule | On on-demand payouts and some funded accounts | Up to 25% best day on some funded accounts |
| Time limit | None | None |
| Cheapest entry | about $29–$36 ($5K) | $39 ($5K) |
| Profit split | 60% weekly, 80% bi-weekly, 100% monthly | 80%; 90% add-on; 100% on some plans |
| Payout frequency | Weekly, bi-weekly, monthly or on demand | On-demand first payout, then about every 14 days |
| Payout speed | Processed Tuesdays; often within hours | 2026 reports of payout denials |
| Platforms | MT5, cTrader, Match-Trader | MT4, MT5, DXtrade, TradingView |
| EAs | Allowed (no MT4) | Allowed on evaluations (not Instant) |
| Our rating | 4.3 / 5 | 3.9 / 5 |
Evaluation rules and drawdown
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. 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. Funding Pips uses a static maximum loss that never moves up with profits, 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. Funding Pips: On on-demand payouts and some funded accounts. FXIFY: Up to 25% best day on some funded accounts.
Costs
Funding Pips starts at about $29–$36 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 |
|---|---|---|---|
| Funding Pips | 60% weekly, 80% bi-weekly, 100% monthly | Weekly, bi-weekly, monthly or on demand | Processed Tuesdays; often within hours |
| 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) |
|---|---|---|
| Funding Pips | MT5, cTrader, Match-Trader | Allowed (no MT4) |
| 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 |
|---|---|---|
| Funding Pips | about $29–$36 | about R520–R650 |
| 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?
Funding Pips has the stronger payout reputation in 2026. FXIFY is the pick for TradingView traders.
Visit Funding Pips Read our Funding Pips review
Visit FXIFY Read our FXIFY review
Funding Pips vs FXIFY FAQ
Which is cheaper, Funding Pips or FXIFY?
Funding Pips starts at about $29–$36 for $5K, while FXIFY starts at $39 for $5K.
Which has the better profit split?
Funding Pips pays 60% weekly, 80% bi-weekly, 100% monthly. FXIFY pays 80%; 90% add-on; 100% on some plans.
Which has the easier drawdown rules?
Funding Pips uses a static maximum loss that never moves up with profits; 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 Funding Pips and FXIFY?
Yes. Funding Pips: Yes (confirm at checkout). FXIFY: Yes (confirm at checkout).
Can South Africans use both Funding Pips 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, Funding Pips starts at about R520–R650 and FXIFY at about R700.