Your payout isn’t just profit times split. Withdrawal fees and the USD-to-ZAR conversion also reduce what lands in your bank account. Enter your numbers to see your real payout in rand.
What reduces your payout
The split. Most firms start at 80%, with higher splits through scaling or add-ons. Withdrawal fees. The5ers, for example, charges 3.5% on cash withdrawals. Conversion. Payouts arrive in USD or EUR; banks often charge a margin above the market rate, while selling crypto on a local exchange is often cheaper.
Enter the current exchange rate from the South African Reserve Bank or your provider. Payouts are income for SARS; read our guide to prop firm tax in South Africa.
Worked example
$4,000 profit at an 80% split gives $3,200. A 3.5% withdrawal fee leaves $3,088. At an illustrative R18 per US dollar with a 1.5% conversion cost, you receive about R54,750 before income tax.
Prop firms we recommend
-
1
FTMO Best overall
- Max account
- $200,000 (more via scaling)
- Profit split
- 80%, up to 90%
- Fee from
- €89 (≈ $10K account)
- Our rating
- 4.6 out of 5
-
2
FundedNext Best for MetaTrader users
- Max account
- $200,000 (up to $4M through scaling)
- Profit split
- 80%, up to 95%
- Fee from
- $59.99 USD (confirm at checkout)
- Our rating
- 4.4 out of 5
-
3
Funding Pips Best budget pick
- Max account
- $100,000 per account (scales to $2M)
- Profit split
- 60–100% (depends on payout cycle)
- Fee from
- About $29–$36 USD ($5K)
- Our rating
- 4.3 out of 5
FAQ
Do prop firms pay in South African dollars?
Almost all pay in USD or EUR. Your bank or payment provider converts to ZAR.
What's the cheapest way to convert a payout to ZAR?
Services such as Wise usually charge less than a bank’s exchange margin. Compare the rate you’re offered with the South African Reserve Bank rate.