🧭 Before You Choose a Prop Firm in Singapore, Read This
Prop trading is gaining serious momentum in Singapore — and not just among full-time traders.
From students in finance programs to professionals trading after hours, more Singaporean traders are turning to prop firms for one simple reason: it’s a chance to trade larger without putting your own capital at risk.
But not all prop firms are created equal. Some are built to support your growth. Others? They make their money from challenge fees, drawdown traps, and unrealistic expectations.
After working inside global brokerages since 2008 and helping over 45,000 traders through our free course, I’ve seen what separates the firms that genuinely want you to win, from the ones that just want you to churn.
This guide will walk you through the leading prop firms Singaporean traders are using in 2025, what to watch for, and a new model that’s being built specifically to give traders a real edge.
🇸🇬 Why Prop Trading Is Booming in Singapore
I used to work in Singapore for one of the world’s top global brokerages, and I’ll never forget how engaged the trading community was.
You could feel it everywhere. I remember being at the gym and overhearing two guys in the locker room talking about their open FX positions. Not something you hear much in New Zealand or Australia. Trading isn’t just a side hustle in Singapore, for many, it’s a serious pursuit.
And it makes sense.
- The Singapore timezone is ideal, with access to both Asian and European market sessions.
- No capital gains tax, which makes it one of the best places in the world to compound trading returns.
- Passionate traders, with local talent that is serious and switched on.
That’s why prop trading is booming here. Singapore has the talent, the infrastructure, and the mindset. The only question is which firm actually deserves your effort.
⚡ Top Prop Trading Firms in Singapore (2026)
Here’s a straight-up comparison of the prop trading firms challenge Singaporean traders are using right now, including international names with strong support in the region, a standout local firm, and a new model that’s being built to give you a true edge.
Best Prop Firms – One-Phase Challenge Comparison
📌 This table is for reference only. Rules and conditions of each prop firm may change at any time. Information may not be updated in real time. Please refer to official websites for the latest details.
📅 Created on: March 18, 2026
| Prop Firm | Profit Target | Daily Max Loss | Max Drawdown | Profit Split | Min Trading Days | Consistency Rule | News Trading | Weekend Holding | Payout Frequency | Trading Cost | Challenge Fee |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FTMO | 10% | 🟡 3% | 🟡 10% (Trailing) | 🟢 90% | 🟢 None | 🔴 Yes | 🔴 Allowed during the challenge stage, but not in the funded stage | 🔴 Not allowed in the funded stage | 🔴 14 days | 🟡 Medium | 🟡 Medium |
| The5ers | 10% | 🟡 3% | 🔴 6% (Trailing) | 🟢 Up to 100% | 🟢 None | 🟢 None | 🟡 Allowed, but “bracket news strategies” are not allowed | 🟢 Weekend holding allowed | 🔴 14 days | 🟢 Low | 🔴 High |
| FundedNext | 10% | 🟡 3% | 🔴 6% (Trailing) | 🟢 80%, upgradeable to 90% / up to 95% with add-on | 🟡 2 days | 🔴 Yes | 🟡 Allowed, but profits may be adjusted in the funded stage | 🟢 Weekend holding allowed | 🔴 First payout after ~21 days, then every 14 days | 🟢 Low | 🟡 Medium |
| FXIFY | 10% | 🟢 5% | 🔴 6% (Trailing) | 🟢 80–90% | 🔴 5 days | 🟢 None | 🟢 Allowed | 🟢 Weekend holding allowed | 🔴 14 days | 🟡 Medium | 🟢 Low |
| Blueberry Funded | 10% | 🟢 4% | 🟢 6% (Static) | 🟡 80% | 🟡 3 days | 🟢 None | 🔴 Restricted | 🟢 Weekend holding allowed | 🟡 7 days | 🔴 High | 🔴 High |
| ⭐ MarketMates | 10% | 🟡 3% | 🟢 7% (Static) | 🟢 70–90% | 🔴 5 days | 🟢 None | 🟡 Depends on challenge type: Swing allowed; Day/Scalp not allowed | 🟡 Depends on challenge type: Swing allowed; Day/Scalp not allowed | 🟢 First payout after 7 days, then daily | 🟢 Low No spread markup. Standard commission: $2.50 | 🟡 Medium |
🔥 Quick Conclusion (Top Picks for Traders)
🥇 MarketMates — Best Overall Conditions
🟢 Static drawdown (most important advantage)
🟢 Daily payouts
🟢 No consistency rule
🟢 Low trading costs
🟡 Medium challenge fee
👉 The most balanced option and the best fit for traders’ core needs
🥈 Blueberry — Most Stable and Safe Choice
🟢 Static drawdown
🟢 No consistency rule
🟡 Weekly payouts
🔴 Higher challenge fee
👉 Best for traders who want stability and less drawdown pressure
🥉 FXIFY — Lowest-Cost Option
🟢 Lowest challenge fee
🟡 Medium trading costs
🟢 No consistency rule
🔴 Trailing drawdown
🔴 Slower payouts
👉 Best for traders on a budget who are willing to accept stricter risk limits
⭐ FTMO — Most Recognized Brand (But More Conservative Conditions)
🟢 High profit split (90%)
🟢 No minimum trading days
🟡 Balanced trading costs and fees
🔴 Trailing drawdown (less favorable for traders)
🔴 Slower payouts (14 days)
🔴 More restrictions on news trading
👉 The most established brand, but with relatively conservative trading conditions
🧭 What Singapore Traders Should Look for in a Prop Firm
Choosing a prop firm isn’t just about picking the one with the highest payout. The best firm is the one that matches your trading style, supports your growth, and doesn’t eat into your edge with hidden costs or restrictive rules.
You also need to decide if you want a forex prop firm, or to trade other asset classes.
After years working with traders in Singapore and inside global brokerages, here are five things to look for:
1. 💸 True Cost of Trading
- Some firms offer great splits and then quietly hit you with wide spreads, commissions, or swap markups.
- Ask: are you trading on raw pricing or is the firm making money from your trades?
2. 📜 Rules That Actually Fit Your Strategy
- Are you a swing trader? You’ll need a firm that allows overnight and weekend holds.
- Trade news events? Check their policy. Some firms restrict trading around high-impact data.
3. 📊 Realistic Targets and Risk Limits
- Hitting 10% in 30 days is doable but not if you’re risking 1% per trade and waiting for A+ setups.
- Make sure the drawdown and timeline make sense for how you trade.
4. 🌏 Local Support and Payment Options
- Can you get paid in SGD or via methods that work locally? Some firms are slow or limited on payouts.
- Bonus if they have region-specific support or Discord/Telegram communities where SG traders hang out.
5. 🧠 Track Record and Community
- How long has the firm been around? Are real traders posting payouts, or just promo videos?
- Look for firms that invest in education, community, and long-term trader success — not just challenge fees.
This part is about alignment. You don’t need the “best” firm on paper. You need the one that sets you up to trade well.
⚠️ Common Mistakes Singapore Traders Make with Prop Firms
It’s easy to get excited about funded trading, but the wrong decision can kill your momentum fast. Here are a few common mistakes I’ve seen traders in Singapore (and globally) make when getting started with prop firms:
1. ✅ Chasing the Highest Payout Split
A 90% split sounds great. But if you’re paying through the nose in spreads, commissions, or platform fees, it adds up. A lower split with better trading conditions often leaves you with more profit.
2. ❌ Ignoring the Fine Print
Many traders skip over the risk rules. Things like daily drawdown limits or trailing equity stop-outs can ruin a perfectly good trade. Always know the rules before you start.
3. 📉 Using a Strategy That Doesn’t Fit the Rules
Swing traders stuck on scalper timelines. News traders blocked during key events. EAs disallowed. Always check that your trading style is actually supported.
4. 🔄 Changing Strategies Mid-Challenge
One loss, and it’s suddenly a new system, new setup, new idea. That’s a fast way to fail. The most consistent traders stick with one approach for the full evaluation.
5. 💸 Overtrading to Hit Targets
When you’re close to the goal, it’s tempting to push. But that’s usually when mistakes happen. Good traders wait for high-quality setups even during a challenge.
💡 Final Thoughts: Pick the Firm That Works for You
Singapore has no shortage of talent and now there’s more opportunity than ever for serious traders to scale up with capital behind them.
But don’t just follow the biggest brand or the loudest ad. Look for a firm that supports the way you trade, gives you clear rules, and doesn’t chip away at your edge with hidden fees or restrictions.
Want to try prop trading?
At MarketMates, we’re a broker and a prop firm, so we do things differently:
- Simple, flexible challenges that cater for different trading styles.
- Funded accounts that have trades placed on the real market.
- Daily payouts so you don’t have to wait for your rewards.
If that sounds like what you’ve been after, you can learn more here:
Frequently asked questions
Are prop firms legal in Singapore?
Yes. Most prop firms operate globally and accept Singaporean traders under general terms. There’s no law preventing Singapore residents from joining remote prop trading programs — just make sure you understand the terms and fee structures.
Do I have to pay tax on my prop trading profits in Singapore?
In most cases, capital gains from trading aren’t taxed in Singapore, especially if you’re not trading as a business. But always check with a tax professional based on your personal situation.
Can I get funded while trading part-time?
Yes. Many Singapore traders hold full-time jobs and trade around major sessions like the Asian open or London crossover. Just make sure you pick a firm with realistic timelines and rules that suit your schedule.
Can I get paid in SGD?
Some firms offer local payout methods or accept crypto payments you can convert to SGD. Others pay in USD via platforms like Deel, Wise, or Payoneer. Check before you commit — payout options vary.
What is the best prop trading firm for Singapore traders?
It depends on your trading style. For strict but reputable funding, FTMO is a solid choice. If you’re a swing trader or prefer slower scaling, The 5%ers may suit you better. Futures traders often lean toward Topstep, while serious discretionary traders might consider Propex or Genk Capital.
If you want zero broker fees and challenges that fit your strategy, MarketMates is building a new model designed specifically for trader success — launching soon.
Sources
Marketmates uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial guidelines to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy.
Monetary Authority of Singapore (MAS)
Singapore’s central bank and financial regulatory authority. Referenced for financial infrastructure and regulatory environment.
https://www.mas.gov.sgSingapore Business Review
Covers local trends in finance, fintech, and trading. Used to support commentary on the growth of prop trading in Singapore.
https://sbr.com.sgThe Business Times (Singapore)
Local financial news and analysis. Cited for context around Singapore’s trading and investment landscape.
https://www.businesstimes.com.sgInland Revenue Authority of Singapore (IRAS)
Official tax authority. Referenced for information on capital gains and trading income taxation.
https://www.iras.gov.sg
