The three main ways to get paid
- Crypto (usually USDT or USDC). The most widely offered option. You give the firm a wallet address and convert to rand, naira or shillings on a local exchange. Fast, but check the network (for example TRC-20 vs ERC-20) — sending to the wrong network can lose the funds.
- Rise. A payroll platform many prop firms use. You get paid into a Rise account, then withdraw to your bank or to crypto. Some firms add a fee for Rise payouts, so check the firm's terms.
- Bank transfer (international wire). Paid in US dollars over SWIFT. It's slower, and your bank may charge a receiving fee and convert at its own rate. A USD (domiciliary) account can help you control when you convert.
Some firms also pay to e-wallets such as Skrill. Here's what the firms we track offer:
| Firm | Radar score | $100k | 1st payout | Split | Payout methods |
|---|---|---|---|---|---|
| The5ers | 8.8/10 | $455 | 14 days | 80% → 100% | Crypto, Rise, Bank transfer |
| FTMO | 7.8/10 | $583 | 14 days | 80% → 90% | Crypto, Bank transfer, Skrill |
| FundedNext | 7.6/10 | $550 | 21 days | 80% → 95% | Crypto, Rise, Bank transfer |
| FundingPips | 7.5/10 | $529 | 14 days | 80% → 100% | Crypto, Rise, Bank transfer |
| Equity Edge | 6.9/10 | $565 | 14 days | 80% → 90% | Bank transfer, Crypto |
| Goat Funded Trader | 6.9/10 | $458 | 14 days | 80% → 100% | Rise, Crypto, Skrill |
| Eightcap Challenges | 6.8/10 | $599 | 14 days | 80% → 90% | Bank transfer, Crypto |
| AquaFunded | 6.5/10 | $469 | 14 days | 90% → 100% | Crypto, Rise |
| NYS Markets | 5.5/10 | $498 | Unclear | 80% → 100% | Crypto |
| Funded Trader Markets | 5.4/10 | $622 | 5 days | 80% → 90% | Crypto, Rise |
Step by step
- Check payout methods before you buy. If a firm only pays in crypto and you can't use crypto, pick another firm.
- Get your KYC documents ready. Firms verify your ID before the first payout. Use the same full name on your firm account, your ID and your bank or exchange account. A mismatch is a common reason for delays.
- Set up your receiving account early. Open and verify your Rise, exchange or USD bank account before you're due a payout.
- Use a regulated local exchange for crypto. Check it's registered or licensed with your country's regulator (for example the FSCA in South Africa).
- Request your payout as soon as you're eligible. Note the date and the amount, and screenshot the request.
- Keep records for tax. Prop payouts are usually treated as taxable income where you live. Keep every payout confirmation, and ask a registered tax practitioner how to declare it.
If your payout is late or denied
- Ask the firm in writing for the exact rule they say you broke, with the trades involved.
- Check the firm's stated processing time before you escalate. Many process within 1–3 business days.
- Post a factual account on Trustpilot or Forex Peace Army, and tell us — we track payout complaints and they affect our trust score.
- Be wary of anyone who offers to "recover" your payout for a fee. Recovery scams are common.
FAQ
Can I get paid straight to M-Pesa?
We haven't confirmed any of the prop firms we track paying directly to M-Pesa. Traders in Kenya usually receive crypto or a bank/Rise transfer and move it on from there.
What's the fastest payout method?
Usually crypto, once the firm has approved the payout. Bank wires are the slowest.
Do I pay tax on prop firm payouts?
Generally yes — it's income. Rules differ by country, so check with a registered tax practitioner.
This guide is general information, not financial, legal or tax advice.