10 Best Prop Trading Firms in Singapore: 2026 Update
Prop trading can look simple on social media, but the rules, fees, and payout terms matter a lot. This article helps Singapore traders compare options in a clear way.
Many people search for the best prop trading firm Singapore traders can use because they want a path to trade bigger size without using big personal savings. In most cases, this path starts with a paid test where the trader must follow strict limits. If the trader passes, the firm may offer a funded account or a reward system based on results.
It is also important to know that “prop trading” can mean two different things. One type is a funded trader program open to the public (often online), where accounts are usually in a simulated setting. Another type is a professional prop trading company that hires traders as staff, and the entry is like a normal job process.
This article focuses on programs that are commonly used by traders in Singapore and are easy to start online. It also shares key checks for safety, since Singapore has taken action to block access to some unlicensed overseas trading platforms.
What “Prop Trading” Means
Prop trading is short for “proprietary trading.” It means trading with a firm’s money, not a client’s money. In practice, many online prop firms do not give direct access to real firm capital at the start. Instead, they offer a test (also called an evaluation or challenge), and then they pay a reward if the trader follows the rules and makes profits inside the program.
Here are the two main paths Singapore traders usually see:
- Online funded trader programs (most common for beginners)
These firms sell evaluations. Many of them state clearly that accounts are demo or simulated, and payouts are “rewards” based on simulated results. For example, some firms say their accounts are demo accounts and trading is done in a simulated environment.
- Professional prop trading companies (career path)
These firms trade with their own capital and hire traders as employees or contractors. Entry often needs strong math, coding, market skill, and interviews. This article will not rank those hiring firms, because the user journey is very different from online evaluations.
A Quick Safety Note for Singapore Traders
Singapore regulators have warned about and acted against unlicensed overseas online trading platforms. In June 2025, MAS and SPF announced blocking access to some platforms for Singapore residents due to licensing issues.
Monetary Authority of Singapore
Before paying any fee to any trading service, it helps to check MAS public resources like the Investor Alert List and to be careful with platforms that feel unclear about where they are based, how they pay, and what the product really is.
Also Read: 7 Best MT4/MT5 Bridge Features Explained for Brokers and Traders
10 Best Prop Trading Firms in Singapore: 2026 Update
Here are some of the most popular prop trading programs Singapore traders often consider in 2026:
- Quant Matter – Singapore-based program with a “seed” style path
- FTMO – Structured evaluation with clear risk rules
- The5ers – Longer-term scaling focus, often liked by swing traders
- FundedNext – Multiple models and program types across markets
- RebelsFunding – Alternative prop-style funding program to explore
- Genk Capital – More professional trading path, less “challenge” focused
- DRW – Institutional prop trading firm with career-style roles
- Flow Traders – Global trading firm and market maker, career-focused path
- Propex – Prop-style evaluation program with its own rules and pricing
- MarketMates – Trading education and community-style support program
Looking to build trading discipline and work toward a funded account in 2026? This section breaks down 10 well-known prop trading options that traders in Singapore often explore, with simple pros and cons for each. Whether you trade forex, CFDs, or futures, and whether you scalp, day trade, or swing trade, these programs offer different rules, pacing, and payout structures. Use this list to compare which one best fits your strategy, risk control, and comfort with evaluation-style trading.
1. Quant Matter
Quant Matter presents itself as a quantitative trading firm, and it also promotes a “Trader Seed Program” on its site.
It describes a path to become a funded trader and mentions access “up to 1 Million USD” for its funded account offer.
This option may appeal to traders who want a more “career path” feel, not only a quick challenge. The program name suggests a structured process, so reading the exact rules is important before joining. Quant Matter is also shown as being based in Singapore on employer-profile sites, which may matter to traders who prefer a known location.
| Pros | Cons |
| Mentions a funded “seed” path on its site | Terms and rules must be checked carefully |
| Can suit traders who want a structured growth track | Details may not be as familiar as big prop brands |
| Mentions large funding potential (up to $1M) | Not ideal if you only want a fast, simple challenge |
| Singapore location is referenced on employer sites | Always confirm support, payouts, and conditions first |
2. FTMO
FTMO is one of the best known funded trader programs and uses a step-based evaluation before offering an account. It states that accounts provided are demo accounts with fictitious funds and trading is done in a simulated environment.
FTMO highlights that traders can earn up to 90% of simulated profits as a reward, based on its rules.
FTMO is often chosen by traders who want clear risk limits and a structured process. The rules can feel strict, so this option fits traders who can follow a plan with discipline. Many traders also like that the process is clearly explained on its website.
FTMO is not based in Singapore (it is headquartered in Prague), but it offers services to Singaporean traders and engages the market there. Recent strategic moves include a strategic partnership with OANDA (announced August 26, 2025); OANDA’s Singapore entity holds a Capital Markets Services Licence from the Monetary Authority of Singapore, which supports FTMO’s wider reach alongside a partner with a regulated presence in Singapore.
| Pros | Cons |
| Clear rule set and structured steps | Strict loss limits can end accounts fast |
| Strong brand and large user base | Fees can feel high for larger account sizes |
| Reward model and scaling options are easy to understand | Not ideal for very high-risk styles |
| Many traders like the platform choices | Demo/simulated environment may not fit everyone |
3. The5ers
The5ers is a funded trading brand that offers several program types for different styles and pace. It promotes scaling that can reach up to $4M, depending on the plan and performance.
The programs are often used by traders who like longer-term growth and a plan that rewards steady results. Many traders pick it for swing trading because some options do not push short deadlines. The rule set is still firm, so traders need to control risk and avoid large daily drops. This can be a good fit for patient traders who do not want to rush.
While The5ers is a popular option for traders in Singapore, it’s an Israeli-based firm (Five Percent Online LTD) offering global funding, not physically headquartered there, though they’re listed among top Singaporean prop firms due to accessibility and focus on global forex/crypto markets. They provide capital to traders worldwide, including those in Singapore, through online platforms like MetaTrader 5.
| Pros | Cons |
| Multiple program choices for different styles | Reading the plan details takes time |
| Scaling focus for long-term growth | Some plans have low leverage |
| Often a good fit for swing traders | Profit targets may feel slow for scalpers |
| Strong support and guidance content | Conditions differ by program, so compare carefully |
4. FundedNext
FundedNext offers several models across markets and shares reward share details for different account types. Its help pages explain that reward share can change based on account model and withdrawal stage.
Some traders like FundedNext because it offers different paths and a lot of learning content. This can be helpful for newer traders who need clear guides for rules. Because the models differ, it is important to read the exact plan chosen before paying. This option can fit traders who want choices, but it can confuse people who want only one simple plan.
FundedNext is not based in Singapore; it is a global prop trading firm with its headquarters and registration in Ajman, United Arab Emirates (UAE). While it is not a Singaporean firm, it markets itself as a global proprietary trading platform serving traders worldwide, including those in Singapore, through online access rather than being physically headquartered in Singapore.
| Pros | Cons |
| Many program choices and account models | Terms differ by model, so confusion is possible |
| Reward share info is published in help docs | Some add-ons can increase total cost |
| Often used by traders who want flexible options | Payout rules can vary between products |
| Education content is easy to find | Not the same experience across all plans |
5. RebelsFunding
RebelsFunding is promoted online as a prop-style funding program that offers traders a structured path to qualify for an account. It is often discussed by traders looking for alternatives to the bigger global names. This option may appeal to traders who want a more flexible or newer brand to try. Since newer programs can change terms faster, it is important to read the rules carefully before joining. This can be a fit for traders who want to test a different evaluation style while still following strict risk control.
| Pros | Cons |
| Another option beyond the biggest brands | Less established than major prop firms |
| Can appeal to traders seeking different rules | Terms may change more often |
| May offer multiple account choices | Needs careful rule review before paying |
| Can suit disciplined traders | Support and payout experience can vary |
6. Genk Capital
Genk Capital is known more as a trading-focused company than a typical retail prop challenge brand. It can appeal to traders who want a more professional environment instead of a gamified evaluation style. Some traders like firms that feel more institutional and selective. Because of that, the entry process may not be as simple as buying a challenge. This can suit traders who already have experience and want to explore more “career” style trading paths.
| Pros | Cons |
| Can feel more professional than challenge brands | May be less beginner-friendly |
| May attract experienced traders | Joining may not be instant or simple |
| Can appeal to those wanting a career-like setup | Less info is often available than retail prop brands |
| Less “marketing-heavy” feel | Not ideal if you want a quick evaluation purchase |
7. DRW (Don Wilson’s Firm)
DRW is a well-known proprietary trading firm that operates more like an institutional trading company than a retail funded challenge program. It is known for professional trading roles and structured teams. This may appeal to traders who want a real firm environment rather than simulated evaluation programs. The process is usually more selective, and it often requires interviews and strong skills. This option fits traders aiming for a long-term professional trading career.
| Pros | Cons |
| Institutional-level prop trading firm | Not a “buy a challenge” type program |
| Career-style path for serious traders | Entry is competitive and selective |
| More professional structure and credibility | Usually needs interviews and proven skill |
| Long-term growth potential | Not ideal for casual retail traders |
8. Flow Traders
Flow Traders is widely known as a global trading firm and market maker. This is not the same as a typical online funded account program. It may appeal to traders interested in professional trading roles or structured training in a firm setting. Like many institutional firms, the hiring process can be competitive. This option is best for traders looking for a long-term role rather than a quick evaluation model.
| Pros | Cons |
| Strong reputation as a trading firm | Not a standard retail prop “challenge” |
| Career-focused path | Hiring can be competitive |
| Can offer structured learning and team support | Requires strong background and skill |
| More institutional experience | Not suitable for quick funding access |
9. Propex
Propex is promoted as a prop-style program where traders follow a set evaluation path. It may appeal to traders who want another option aside from the most popular brands. Some traders like exploring programs that may offer different rules or pricing models. Because smaller brands can vary more in quality, it is important to check the terms carefully. This can be a fit for traders who are comfortable comparing details and following rules closely.
| Pros | Cons |
| Alternative option to bigger brands | Less widely known than top names |
| May offer different pricing or rules | Must verify rules and payout terms carefully |
| Can suit traders who compare options well | Support quality may vary |
| Can be useful for testing a new evaluation style | Less community feedback compared to large firms |
10. MarketMates
MarketMates is often positioned more as a trading education and community brand than a pure prop firm. It may appeal to traders who want guidance, structure, and support while improving their skills. Some traders prefer programs that combine learning with performance-based progress. Depending on the product, it may not work like a classic funded challenge. This can suit traders who want coaching and accountability more than fast funding.
MarketMates is an Australian-based online trading platform and prop firm that provides services to traders globally, including those in Singapore, and features content relevant to the Singapore market, but their primary base of operations is Australia, not Singapore. While they serve Singaporean traders and discuss the local market, they are an international service based in Adelaide, Australia, offering online access to global markets (like FX and crypto) for traders in many countries, including Singapore.
| Pros | Cons |
| Can combine education and trading support | May not be a pure prop firm model |
| Good for traders who want structure and guidance | Funding terms may not be the main focus |
| Community-style learning can help consistency | Not ideal if you only want fast funding |
| Can suit beginners building discipline | Always confirm what is included in the program |
These programs can be helpful for practice and structure, but they are not all the same. The safest move is to read the exact rules, payout terms, and trading conditions for the specific plan you want before paying. A good match is the one that fits your style and risk control, not only the one that looks popular.
How to Choose the Best Prop Trading Firm for Singapore Traders in 2026
A list alone is not enough. The “best prop trading firm Singapore” choice depends on how a trader trades and how the rules match that style.
- Check if the account is real or simulated
Many firms state clearly that trading is done in a simulated environment and rewards are based on simulated profits. This is not “bad,” but it changes what the product really is. If the goal is job-like prop trading, these programs may not match that goal.
- Read the loss limits before looking at profit split
Most traders fail prop challenges because of loss rules, not because of profit targets. Key limits often include:
- Maximum daily loss (how much can be lost in one day)
- Maximum loss (how much can be lost in total)
- Trailing drawdown (a limit that moves as profits change)
A good match is a firm where the loss limits fit the trader’s normal drawdown and trade size.
- Confirm payout timing and payout rules
Some firms require a set number of days before withdrawals, and some use “winning day” rules.
A useful check is: How long does it take to reach first payout, in a normal month, with a normal strategy?
- Look for simple, clear support and clear terms
A good firm should make these things easy to find:
- Full rules in one place
- What counts as a rule break
- How disputes are handled
- Payment methods and identity checks
If support pages are hard to find or the rules feel unclear, that is a risk sign.
- Match the firm to the market you trade
- Futures traders often prefer futures-only firms like Topstep, Apex, or Earn2Trade.
- Forex/CFD traders often prefer firms that support MT4/MT5/cTrader and have spreads that suit their style. Mixing a strategy with the wrong market can lead to higher costs and more rule breaks.
Singapore Rules, Taxes, and Payments: A Simple Guide
This article is not legal or tax advice, but it can help with basic checks.
1. Be Careful with Unlicensed Platforms
MAS and SPF have acted to block access to some unlicensed overseas platforms for Singapore residents.
Even if an online prop firm is not a broker, many traders still use brokers and platforms for charts, pricing, and execution. It is safer to understand who is behind the platform and what country rules may apply.
2. Use Public Checks Like MAS Investor Alert List
MAS provides an Investor Alert List to help the public spot entities that may be wrongly seen as licensed or regulated.
This list is not a full list of all safe firms, but it is a helpful warning tool.
3. Taxes: Know the Difference Between Capital and Income
Singapore does not have capital gains tax in many common cases, but tax depends on facts, like whether activity is seen as trading as a business. IRAS explains tax points on gains from sale of shares and financial instruments, and when items may be taxable or not.
For prop firm rewards, the payment may look like income, not a capital gain, because it is a reward or performance-based payment. If payouts become regular and large, it may be wise to check with a qualified tax person in Singapore.
4. Payments and Payout Friction
Many prop firms pay through common online payment methods. A smart step is to test small withdrawals first (if allowed) and to keep clean records:
- invoices or payout statements
- dates and amounts
- bank statements or e-wallet records
Clean records reduce stress if a payment issue happens.
Also Read: 12 Best Trading Platforms for Beginners to Start Trading Confidently in 2026
Risk Control and a Simple Plan to Avoid Common Mistakes
Most new traders fail prop evaluations because they trade too big, trade too often, or chase losses. A simple plan can help.
Step 1: Set a daily loss stop below the firm’s limit
If the firm has a daily loss rule, set a personal stop earlier than that. This creates a safety gap. It also reduces panic trading.
Step 2: Use fixed risk per trade
A simple rule works for most beginners: risk a small, fixed percent or fixed dollar amount per trade. This makes results more stable. It also helps the trader avoid sudden rule breaks after one bad trade.
Step 3: Trade fewer setups, not more
More trades do not mean more skill. Many traders do better with 1–3 strong setups per day. This lowers fees, lowers stress, and reduces mistakes.
Step 4: Track 3 numbers every day
Keep a small log with:
- start balance and end balance
- biggest open loss (worst moment)
- rule distance (how close to daily loss and max loss)
This makes rule control real, not “guessing.”
Step 5: Learn the rules before trying to pass fast
Some programs require a minimum number of trading days. Trying to pass too fast can lead to overtrading and rule breaks.
Conclusion
Prop trading can be a useful training path, but it is not a shortcut. The best prop trading firm Singapore traders can use depends on the trader’s market, style, and ability to follow rules.
This article listed 10 popular options and showed pros and cons for each. The safest approach is to treat every fee like a business cost, read every rule, and test slowly before scaling up.
Singapore traders should also stay alert to platform risks and licensing issues, since regulators have taken action against some unlicensed overseas trading platforms.
Closing statement:
A prop program can help build skill if the rules are respected and the risk is kept small. Choose one firm, learn one rule set well, and focus on steady progress over fast results.
Joshua Soriano
I’m Joshua Soriano, a technology specialist focused on AI, blockchain innovation, and fintech solutions. Over the years, I’ve dedicated my career to building intelligent systems that improve how data is processed, how financial markets operate, and how digital ecosystems scale securely.
My work spans across developing AI-driven trading technologies, designing blockchain architectures, and creating custom fintech platforms for institutions and professional traders. I’m passionate about solving complex technical problems from optimizing trading performance to implementing decentralized infrastructures that enhance transparency and trust.