Prop trading firms in Singapore give traders access to evaluation-based or simulated funded-account models rather than standard brokerage accounts.
This guide compares the best prop trading firms available to traders in Singapore, ranked on cost, payout structure, market access, platform choice, and rule clarity, to help traders find the right fit for their strategy and experience level.
The best prop trading firms in Singapore combine clear evaluation rules, competitive payout terms, strong platform access, and a transparent explanation of how their simulated or funded model works. FTMO stands out as the best all-round choice for many traders because it combines a structured evaluation process, a free trial, and reward shares of up to 90%. FundedNext is a strong alternative for traders who want more account flexibility and reward shares that can reach 95% on selected models. Futures traders may prefer Apex Trader Funding, where traders keep 100% of the first $25,000 paid out per account and 90% after that, while E8 Markets appeals to traders who want broader product choice across forex, futures, and crypto.
Our list of the best prop trading firms in Singapore for 2026
- FTMO: Best overall for traders who want a structured challenge, strong platform support, and a well-established prop-firm model.
- FundedNext: Best for fast payouts and flexible account models, with reward shares that can reach 95% on selected plans.
- Breakout Prop: Best for traders who want a more specialised, crypto-focused prop-firm alternative.
- Apex Trader Funding: Best for futures traders, with a futures-only model and 100% of the first $25,000 paid out per account before the split moves to 90%.
- E8 Markets: Best for account variety, with broader choice across forex, futures, and crypto simulation models.
Compare the best prop firms in Singapore
The best prop trading firms in Singapore differ mainly in entry cost, market access, payout structure, platform choice, and how clearly they explain their simulated-trading model.
The table below compares the leading firms across the factors that most directly affect trader fit, costs, and flexibility.
What makes a prop trading firm “best” in Singapore?
The best prop trading firms in Singapore share a small set of qualities that directly affect cost, flexibility, payout potential, and overall trader fit:
- Clear rules and transparent payout terms: The strongest firms explain their evaluation targets, drawdown limits, payout schedules, and restrictions clearly, so traders know exactly what they are signing up for.
- Competitive and easy-to-understand fees: Lower challenge fees matter, but so do reset costs, activation fees, recurring charges, and payout deductions. The best firms keep pricing straightforward.
- Access to the right markets and platforms: A good prop firm should match the trader’s market, whether that is forex, CFDs, futures, or crypto, and offer reliable platforms such as MT5, cTrader, or a solid futures terminal.
- A trustworthy operating model: The better firms are clear about whether they run a simulated evaluation model or another funded-account structure, and they avoid blurring the line between a prop firm and a regulated broker.
The firms featured below perform well across these areas, which is why they stand out as the best prop trading firms in Singapore.
FTMO - Best overall
FTMO is one of the best-known prop firms available to traders in Singapore. It suits traders who want a structured evaluation, clear trading rules, and broad platform choice, with entry fees from about S$117 and profit splits of up to 90%.
FTMO is not a MAS-regulated broker in Singapore and does not present itself as one. Its model is based on a simulated trading evaluation, after which successful traders become eligible for performance-based rewards on an FTMO Account, so the protections are not the same as when you open an account with a licensed retail broker.
Two important limits to understand:
- No broker-style investor protection is advertised for the funded-account model, because FTMO says traders operate in a simulated environment rather than through a standard live brokerage account.
- FTMO’s public materials focus on trading rules, risk limits, and payout conditions, not on deposit-insurance or compensation-scheme language of the kind seen with regulated brokers.
That does not automatically make FTMO unsafe, but it does mean Singapore traders should judge it as a prop firm, not as a locally licensed investment intermediary.
FTMO’s main costs are the upfront evaluation fee and any optional restart or reset decisions a trader makes. The public materials show that the 1-Step and 2-Step models both charge a one-time entry fee, while reward payouts depend on the account type and whether minimum payout thresholds are met.
The key cost points are:
- The entry fee starts from about S$117 for the 1-Step challenge and about S$132 for the 2-Step challenge.
- The trader reward is up to 90% on 1-Step, while 2-Step starts at 80% and can rise to 90% under the scaling plan.
- FTMO says there are no recurring fees, which is important because some rival prop firms do charge monthly subscription-style evaluation fees.
On payouts, FTMO says there is no minimum profit target to withdraw a reward beyond covering transfer costs, but there is still a minimum closed-profit threshold of about S$26 for bank withdrawals and about S$64 for crypto withdrawals. That makes the model relatively clear, though traders still need to factor in the cost of failing and restarting a challenge.
FTMO is built around forex and CFD trading rather than exchange-traded futures. Its platform offering currently centres on MT4, MT5, and cTrader, and FTMO’s recent platform updates show that DXtrade is being phased out for new users.
In practical terms, that usually means access to:
- Forex pairs
- Indices CFDs
- Commodity CFDs
- Stock CFDs
- Crypto CFDs, depending on the platform setup and current product list
For Singapore traders, the main takeaway is that FTMO is better suited to CFD-style discretionary or system trading than to traders who want direct access to listed futures exchanges such as CME or SGX derivatives through a broker account.
FTMO is generally most suitable for traders who already have a defined process and want a structured, rules-based evaluation rather than an open-ended retail brokerage account. The availability of a Free Trial, multiple platform options, and relatively clear progression from challenge to funded account makes it accessible, but the risk limits still require discipline.
It tends to fit best if you are:
- A forex or CFD trader rather than a futures specialist
- Comfortable following drawdown rules and evaluation targets
- Looking for a firm with a long operating history, dating back to 2015
It is less suitable if you want a low-pressure learning environment with no performance constraints. FTMO does offer a trial, but the paid model still expects traders to perform within specific limits, so it is better for serious beginners and intermediate traders than for completely casual users.
FundedNext - Best for fast payouts
FundedNext is a strong option for Singapore-based traders who want flexible challenge models, quick payout cycles, and broad market access. It is especially appealing for traders who value no time limit on several account types, profit splits of up to 95%, and starting fees from about S$93.
FundedNext is not a MAS-regulated broker in Singapore and does not market itself as one. Its legal documents present it as a prop-firm and challenge provider, with services governed by its own terms, AML/KYC policy, and separate CFD or futures challenge rules rather than by a Singapore retail-broker framework.
Two important limits to understand:
- No broker-style investor protection is stated for FundedNext funded accounts in the materials reviewed.
- Access depends on passing a challenge or evaluation model, so this is different from opening a normal brokerage account protected under a local investor-compensation regime.
That does not automatically make FundedNext unsafe, but Singapore traders should assess it as a remote prop firm, not as a locally licensed intermediary.
FundedNext’s costs are mainly the upfront challenge fee, any reset or retry decision, and the trading commissions built into the chosen model. Its package pages show that pricing starts from roughly S$93, while some CFD models list commission from about S$7 per lot and profit splits of up to 95%.
The key cost points are:
- Entry pricing starts from about S$93 on lower-tier plans.
- Several challenge types have no time limit, which reduces pressure compared with subscription-style monthly models.
- Profit split can go as high as 95%, depending on the product and progression stage.
On payouts, FundedNext says requests are processed within 24 hours, with transfer or gateway charges borne by the trader. That is attractive for active traders, but the real cost still depends on how often you fail or reset challenges.
FundedNext offers a broader range than many simple forex-only prop firms. Its public materials describe access across forex, indices, commodities, and crypto on the CFD side, and it also markets separate futures challenge products.
In practical terms, that usually means access to:
- Forex pairs
- Index CFDs
- Commodity CFDs
- Crypto CFDs
- Futures, through the firm’s futures-specific offering
For Singapore traders, the main takeaway is that FundedNext is more flexible than a single-asset prop firm. It can suit both CFD traders and some futures-focused users, though the exact platform and market access depends on the account model chosen.
FundedNext is generally best suited to traders who want flexible rules, fast payouts, and a choice between different challenge structures. The no-time-limit setup on key models makes it more forgiving than firms that require traders to hit targets within a fixed period.
It tends to fit best if you are:
- A trader who prefers flexible challenge structures
- Comfortable with rule-based evaluations and payout cycles
- Interested in higher upside splits, with advertised rewards up to 95%
It is less suitable if you want the legal clarity and protection framework of a traditional regulated broker. It is also not ideal for traders who dislike comparing multiple challenge models, because FundedNext’s product range is broader and slightly more complex than very simple one-path firms.
Breakout Prop - Best for flexible challenge options
Breakout Prop is a more specialised choice for Singapore traders who want a crypto-focused prop firm with simple rule structures, no time limits, and on-demand payouts. It is best suited to traders who mainly trade digital assets and want evaluation fees starting from about S$67, with funded account sizes going up to roughly S$268,000.
Breakout Prop is not a MAS-regulated broker in Singapore and does not present itself that way. Its own materials describe it as a crypto-native prop trading platform with a performance-based evaluation model, and one of its key public positioning points is that it is backed by Kraken rather than licensed as a Singapore retail broker.
Two important limits to understand:
- No broker-style investor protection is stated for Breakout funded accounts.
- The model is based on evaluation access and funded trading rules, not on opening a standard brokerage account under a local investor-compensation scheme.
That does not automatically make Breakout unsafe, but Singapore traders should judge it as a remote crypto prop firm, not as a locally licensed intermediary.
Breakout’s cost structure is relatively simple by prop-firm standards. The official site says the only cost is the evaluation fee, and it also highlights on-demand payouts processed within about 24 hours.
The key cost points are:
- Entry fees start from about S$67 on lower-tier evaluation plans.
- Breakout says there are no other mandatory ongoing costs beyond the evaluation fee.
- Payouts are made in USDC on Ethereum (ERC-20), which means blockchain transfer costs can still matter in practice.
That makes Breakout easier to price than many prop firms with monthly subscriptions or layered activation fees. The trade-off is that the model is narrower and more crypto-specific, so the real cost of failure still comes from having to buy another evaluation.
Breakout is built primarily for crypto traders, not for broad multi-asset retail investing. Its public pages describe it as a crypto-native prop platform, with access tied to leveraged crypto trading rather than to stocks, ETFs, or standard broker-style CFD coverage.
In practical terms, that usually means access to:
- Major crypto pairs
- Perpetual futures or leveraged crypto trading products
- A platform environment designed around crypto execution rather than traditional multi-asset brokerage access
For Singapore traders, the main takeaway is that Breakout fits traders who already know they want crypto-only prop trading. It is not the right choice if you want futures on major exchanges, stock exposure, or a more traditional multi-asset prop setup.
Breakout is generally best suited to traders who want a simple crypto prop model, relatively few moving parts, and faster access to payouts. Its public positioning emphasises no minimum or maximum trading day requirements, which can make it more flexible than firms with stricter timing rules.
It tends to fit best if you are:
- A crypto-focused trader
- Looking for simple pricing and fewer recurring charges
- Comfortable receiving payouts in USDC rather than through a more traditional funding setup
It is less suitable if you want a diversified prop firm with forex, indices, and broader asset coverage. It is also less natural for traders who prefer the legal familiarity of a regulated broker environment instead of a crypto-native prop model.
Apex Trader Funding - Best for futures traders
Apex Trader Funding is one of the strongest options for Singapore-based traders who focus on futures rather than CFDs. It is best suited to active traders who want a futures-only prop model, access to popular platforms such as Tradovate and Rithmic, and profit retention of 100% on the first S$33,700 of payouts per account before the split moves to 90%.
Apex Trader Funding is not a MAS-regulated broker in Singapore and does not present itself as one. Its own materials describe the service as a simulated trading program for educational, informational, and evaluation purposes, with no live market execution and no real client capital being traded in the usual brokerage sense.
Two important limits to understand:
- No broker-style investor protection scheme is stated for Apex funded accounts.
- The model is based on passing a simulated futures evaluation, then moving into a funded PA account, not on opening a standard brokerage account.
That does not automatically make Apex unsafe, but Singapore traders should assess it as a futures prop firm, not as a locally licensed intermediary.
Apex’s cost structure is more layered than a simple one-off challenge fee. Traders usually face an evaluation fee first, then a PA activation fee after passing, and ongoing funded-account costs can vary by platform. The official Apex accounts page lists funded PA account fees from US$85 per month, while current payout materials confirm traders keep 100% of the first US$25,000 paid out per account and 90% after that.
The key cost points are:
- Evaluation pricing is variable, but public review sources place entry-level plans at roughly S$200.
- Funded PA accounts start from about S$115 per month.
- Payout split is 100% of the first roughly S$33,700, then 90% after that.
That makes Apex attractive for strong futures traders, but the true cost can rise if you fail evaluations or carry multiple funded accounts. It is not as simple as a single flat challenge fee.
Apex is focused on futures only, which makes it narrower than multi-asset prop firms but clearer for traders who already know they want listed futures exposure. Its public materials centre on CME Group products, including markets such as the S&P 500, Nasdaq, and Crude Oil, and the firm highlights Rithmic and Tradovate as core access routes.
In practical terms, that usually means access to:
- Equity index futures
- Energy futures
- Other major CME Group futures products
- Platform connectivity through Rithmic and Tradovate
For Singapore traders, the main takeaway is that Apex is built for futures specialists, not for traders who want forex CFDs, stock CFDs, or broader broker-style market access.
Apex is generally best suited to traders who already understand futures market structure, risk limits, and drawdown rules. It can be attractive because of the large payout share and broad appeal among active futures traders, but its rule set is stricter than what many casual traders expect. Apex’s own 2026 rules content highlights intraday or end-of-day trailing drawdown options, safety net requirements, and payout eligibility rules tied to trading consistency.
It tends to fit best if you are:
- A futures-first trader
- Comfortable with drawdown management and payout rules
- Interested in scaling across multiple funded accounts, with Apex allowing up to 20 PA accounts
It is less suitable if you want a beginner-friendly, low-pressure prop model. Apex can be rewarding, but it expects traders to operate with discipline and to understand how payout windows, activation fees, and consistency rules work.
E8 Markets - Best for account variety
E8 Markets is a flexible option for Singapore traders who want more choice over account structure, market type, and payout terms. It stands out for its broad mix of forex, futures, and crypto simulation products, with access to up to S$1.35 million in simulated capital and profit splits that can reach 100% on some plans.
E8 Markets is not a MAS-regulated broker in Singapore and does not present itself as one. Its legal and risk pages state that E8 Funding LLC is not a broker, does not accept deposits, and operates a simulated trading model rather than a standard live brokerage service.
Two important limits to understand:
- No broker-style investor protection scheme is stated for funded accounts.
- Any payout is described as discretionary and tied to E8’s acceptance and licensing of performance data, not to a normal brokerage withdrawal framework.
That does not automatically make E8 unsafe, but Singapore traders should assess it as a remote prop firm, not as a locally licensed intermediary.
E8’s real cost depends heavily on the account type chosen. The official challenge-comparison page shows that pricing varies by challenge model, while the payout rules show that traders may be eligible for up to 100% of performance on some products, but only after meeting rule-based conditions such as best-day limits, profit-day requirements, and payout buffers.
The key cost points are:
- There is no deposit requirement, but you pay an enrolment or challenge fee that varies by account size and product.
- Some products use payout conditions such as a 35% or 40% best-day rule.
- Certain E8 Signature accounts require a buffer equal to the end-of-day drawdown before a payout can be requested.
That means E8 can look generous on headline payout splits, but the effective cash flow depends on how comfortably you trade within its payout mechanics. It is not a flat-fee, no-strings model.
E8 is broader than many prop firms because it offers separate simulation tracks across forex, futures, and crypto. Its official site says traders can use real-time execution in simulated conditions across those three market groups, while its product comparison pages distinguish between E8 Signature, E8 One, and related crypto or futures tracks.
In practical terms, that usually means access to:
- Forex
- Futures
- Crypto
- Different challenge models depending on the market selected
For Singapore traders, the main takeaway is that E8 is one of the more flexible names on this list. It is better suited to traders who want product choice than firms built around only one lane, such as pure futures or pure crypto.
E8 is generally most suitable for traders who want choice of structure and are comfortable reading rule sets carefully. Its product lineup includes more aggressive models such as E8 One, which the help centre describes as designed for high-speed traders, alongside more structured models such as E8 Signature, which use profitable-day and payout-cap rules.
It tends to fit best if you are:
- A trader who wants a choice between forex, futures, and crypto
- Comfortable working within best-day, buffer, and payout-rule mechanics
- Interested in fast-access payout features, including payouts that may be requested in as little as 3 days on eligible products
It is less suitable if you want a very simple prop-firm rulebook. E8 offers flexibility, but that flexibility comes with more moving parts, and traders who dislike model comparisons may find simpler firms easier to manage.
The5ers - Best for low-risk traders
The5ers is a strong fit for Singapore-based traders who prefer slower, lower-pressure evaluation models over faster, high-risk challenge formats. It is especially appealing for traders who want unlimited time, multiple programme types, and scaling that can reach about S$5.39 million, with entry pricing starting from about S$26 on its High Stakes plan.
The5ers is not a MAS-regulated broker in Singapore and does not present itself as one. Its public materials position it as a funded trading and evaluation firm, with programme rules, payout conditions, and scaling targets rather than a standard retail-broker account structure.
Two important limits to understand:
- No broker-style investor protection scheme is stated for funded accounts.
- The service is built around challenge and scaling programmes, so the legal and practical protections are different from those of a locally licensed brokerage account.
That does not automatically make The5ers unsafe, but Singapore traders should assess it as a remote prop firm, not as a locally licensed intermediary.
The5ers’ real costs depend on the programme chosen. Its public pages show that the High Stakes track starts from about S$26, while payout terms vary by programme and can range from 50/50 on some Bootcamp stages to 80%–100% on High Stakes and Hyper Growth.
The key cost points are:
- Entry pricing can start from about S$26 on selected High Stakes plans.
- Payout methods include bank transfer, crypto, Rise, and Hub Credits.
- A 3.5% payout commission applies to Rise, crypto, and bank transfer withdrawals, while Hub Credits have no commission.
That makes The5ers relatively attractive on entry price, but the true cost still depends on the programme structure and on payout deductions. For example, the High Stakes help page says the first withdrawal can usually be requested 14 days after funded-account activation, subject to KYC and programme rules.
The5ers is broader than a forex-only prop firm, but it is still centred on leveraged trading rather than investing products. Its programme pages reference FX, metals, indices, oil, and crypto, while its tools and downloads pages are built around MetaTrader 5 resources.
In practical terms, that usually means access to:
- Forex
- Metals
- Indices
- Oil
- Crypto
For Singapore traders, the main takeaway is that The5ers offers decent market coverage for CFD-style discretionary traders, but it is not designed as a stock-investing or ETF platform.
The5ers is generally best suited to traders who prefer a patient, lower-pressure structure rather than a rush-to-target model. Its public marketing emphasises unlimited time, while the FAQ and rule pages show multiple programme types, including High Stakes, Hyper Growth, and Bootcamp, each with different pacing and scaling logic.
It tends to fit best if you are:
- A trader who prefers unlimited-time structures
- Comfortable with programme rules and staged scaling
- Looking for a firm that can scale funded capital up to about S$5.39 million over time
It is less suitable if you want the simplest possible payout system or a very straightforward one-track challenge. The5ers offers flexibility, but that also means traders need to understand which programme they are actually joining before comparing costs and targets.
Topstep - Best for simple futures evaluations
Topstep is a strong choice for Singapore-based traders who want a more streamlined futures-only prop model. It stands out for its familiar Trading Combine structure, relatively clear pricing, and simple payout model, with monthly evaluation pricing from about S$66 and funded traders keeping 90% of approved payouts under Topstep’s current rules.
Topstep is not a MAS-regulated broker in Singapore and does not present itself that way. Its help and programme pages describe Topstep as a simulated futures evaluation business, where traders complete the Trading Combine and then move into Express Funded or Live Funded account stages rather than opening a normal retail brokerage account.
Two important limits to understand:
- No broker-style investor protection scheme is stated for Topstep funded accounts.
- The service is built around simulated futures trading and payout rules, not around a standard brokerage account protected under a local compensation framework.
That does not automatically make Topstep unsafe, but Singapore traders should assess it as a futures prop firm, not as a locally licensed intermediary.
Topstep’s cost structure is fairly clear by prop-firm standards. The official pricing page shows a Standard Path with lower monthly pricing plus an activation fee after passing, and a No Activation Fee Path with higher monthly pricing but no activation fee when funded. Topstep also charges for resets, while Level 1 data is free and Level 2 data costs about S$46.30 per month.
The key cost points are:
- Standard Path starts from about S$66 per month, with a funded-account activation fee of about S$201 after passing.
- No Activation Fee Path starts from about S$147 per month, with no activation fee when funded.
- Resets start from about S$66 and rise with account size and path type.
On payouts, Topstep says traders can usually take weekly payouts, while daily payouts and access to up to 100% of balance are only unlocked after 30 non-consecutive winning days in a Live Funded Account. That makes the headline payout model attractive, but it is not immediate from day one.
Topstep is a futures-only prop firm. Its help centre is explicit that traders can use CME Group products and that forex spot trading is not available, although currency futures are available instead.
In practical terms, that usually means access to:
- Equity index futures
- Energy futures
- Agricultural futures
- Currency futures
- Other eligible CME Group contracts
On platforms, Topstep now says TopstepX is its only available trading platform, which is a notable simplification versus its earlier multi-platform model.
Topstep is generally best suited to traders who want a simpler futures evaluation path and do not need a broad multi-asset prop setup. Its structure is easier to understand than some rivals because it is centred on one asset class, one core evaluation flow, and one main platform.
It tends to fit best if you are:
- A futures-first trader
- Looking for a more familiar evaluation-to-funded path
- Comfortable trading within consistency and payout-rule requirements
It is less suitable if you want forex CFDs, crypto CFDs, or a lot of platform choice. It is also not ideal for traders who dislike monthly subscription pricing, because the Trading Combine is billed on a recurring basis until you pass or cancel.
Funded Trading Plus - Best for challenge choice
Funded Trading Plus is a flexible option for Singapore-based traders who want more than one path to funding. It stands out for its mix of 1-step, 2-step, instant funding, and master trader models, which makes it easier to match the programme to a trader’s style, pace, and risk appetite. (fundedtradingplus.com).
Funded Trading Plus is not a MAS-regulated broker in Singapore and does not present itself that way. Its terms say the business is operated by Funded Trading Plus Ltd in Saint Lucia and that its services are built around simulated trading and educational tools, not live client CFD trading through a standard brokerage account.
Two important limits to understand:
- No broker-style investor protection scheme is stated for funded accounts.
- The firm says its programmes are based on simulated trading, so the legal protections are different from those of a locally licensed brokerage account in Singapore.
That does not automatically make Funded Trading Plus unsafe, but Singapore traders should assess it as a remote prop firm, not as a locally licensed intermediary.
Funded Trading Plus is relatively flexible on structure, but the real cost depends on which programme you choose. Its official site offers Instant Funding, 1-Step, and 2-Step models, while the help centre says there are no monthly fees and the first withdrawal can be requested once profit and eligibility conditions are met.
The key cost points are:
- Entry pricing starts from about S$78 on selected programmes.
- The firm says there are no monthly fees, which helps keep failed attempts from turning into subscription-style costs.
- Profit split goes up to 90%, with weekly withdrawals highlighted on the official site.
On payouts, the official help pages say withdrawals are available by bank transfer or crypto, and the company has also promoted day-one payouts once the minimum profit threshold is reached. That is attractive on paper, but traders still need to read the programme-specific payout conditions carefully.
Funded Trading Plus is broader than a futures-only prop firm. Its programme pages and FAQ indicate support for simulated CFD trading across core market groups, and the FAQ also confirms the firm offers platform choice rather than forcing a single in-house terminal.
In practical terms, that usually means access to:
- Forex
- Indices
- Commodities
- Stock CFDs
- Crypto CFDs
For Singapore traders, the main takeaway is that Funded Trading Plus is better suited to multi-asset CFD-style traders than to traders who want direct listed-futures access only.
Funded Trading Plus is generally best suited to traders who want choice. Its official materials emphasise multiple paths to funding rather than a single standard challenge, which makes it easier to match the programme to your trading style and risk tolerance.
It tends to fit best if you are:
- A trader who wants a choice between Instant Funding, 1-Step, and 2-Step models.
- Comfortable comparing different rule sets before buying a challenge.
- Looking for a prop firm that has been operating since 2021 and highlights regular payout activity.
It is less suitable if you want the simplest possible setup. Funded Trading Plus offers flexibility, but that also means traders need to pay more attention to model-specific rules, drawdown mechanics, and prohibited strategies.
Alpha Capital Group - Best for straightforward rules
Alpha Capital Group is a good fit for Singapore-based traders who want a cleaner rule set, multiple challenge formats, and a simpler profit-share structure. It stands out for its 1-step, 2-step, and 3-step options, 80% profit split, and access to major third-party platforms, with entry pricing from about S$54.
Alpha Capital Group is not a MAS-regulated broker in Singapore and does not present itself that way. Its public materials position it as a prop trading and evaluation firm, while its terms and help pages focus on challenge rules, simulated performance, and trader qualification rather than on brokerage services or licensed investment intermediation.
Two important limits to understand:
- No broker-style investor protection scheme is stated for funded accounts.
- The model is based on evaluation and qualified-trader progression, not on opening a standard brokerage account with local compensation-style protection.
That does not automatically make Alpha Capital Group unsafe, but Singapore traders should assess it as a remote prop firm, not as a locally licensed intermediary.
Alpha Capital Group’s cost structure is fairly straightforward by prop-firm standards. Its public product page shows entry pricing from about S$54 for smaller plans, while the official site and help content point to an 80% performance fee for qualified traders and support for on-demand or scheduled payout options depending on the account type.
The key cost points are:
- Entry pricing starts from about S$54 on smaller plans.
- The standard profit split is 80%.
- Public rule summaries reference on-demand payouts with a 40% best-day rule and a 2% gross-profit requirement on eligible accounts.
That makes Alpha easier to understand than some firms with many layered fees, but the real payout experience still depends on following its trading and payout rules closely. It is not just a case of passing once and withdrawing with no conditions.
Alpha Capital Group is built around simulated CFD-style trading rather than listed futures-only funding. Its public materials and cTrader profile indicate access through ACG Markets and highlight third-party trading platforms, while help content confirms standard leveraged trading terms across its evaluation environment.
In practical terms, that usually means access to:
- Forex
- Indices
- Metals
- Oil
- Other core CFD-style markets via supported platforms
For Singapore traders, the main takeaway is that Alpha Capital Group is better suited to multi-asset CFD-style traders than to traders who want a pure listed-futures prop model.
Alpha Capital Group is generally best suited to traders who want a clearer rule set and a choice between 1-step, 2-step, and 3-step style progression. Its official site and help pages also show a free trial, which makes it easier to test the environment before paying for a challenge.
It tends to fit best if you are:
- A trader who wants a choice between 1-step, 2-step, and 3-step style plans
- Comfortable with rule-based payouts and consistency requirements
- Interested in a firm that keeps the core profit split at 80% rather than using a more complicated sliding scale
It is less suitable if you want very loose news-trading rules or a highly permissive model. Public competitor summaries and rule references note restrictions around major news windows and certain trading behaviours, so this is better for traders who are happy working inside a more structured framework.
Blueberry Funded - Best broker-linked option
Blueberry Funded is a compelling option for Singapore-based traders who want a more established, broker-linked prop model rather than a standalone challenge brand. It is best suited to traders who value broker-backed positioning, no time limit on key challenge models, and a relatively clear payout structure with an 80% starting split and payouts every 14 days once funded.
Blueberry Funded is not a MAS-regulated broker in Singapore and does not present itself that way. Its own site says the business is operated by Blueberry Markets (SVG) LLC and that it offers only virtual accounts through trading challenges, with fees treated as a subscription to participate rather than as client money held in a normal brokerage account.
Two important limits to understand:
- No broker-style investor protection scheme is stated for funded accounts.
- The site says funds paid to Blueberry Funded do not constitute client money, which is a very different setup from a licensed retail brokerage relationship.
That does not automatically make Blueberry Funded unsafe, but Singapore traders should assess it as a remote prop firm, not as a locally licensed intermediary.
Blueberry Funded’s cost structure is built around the challenge fee rather than a trading deposit. Its public site highlights no time limit, instant funding options, and simulated capital of up to S$2.69 million, while the help centre says payouts can be made through RiseWorks, USDC, and USDT-TRC-20 depending on the amount.
The key cost points are:
- Entry pricing starts from about S$78 on selected plans.
- The starting profit split is 80%, with scaling up to 90% under the site’s scaling plan.
- Payout method can affect how money is received, especially for larger withdrawals routed through RiseWorks.
That makes Blueberry Funded fairly easy to understand at a high level, but traders still need to read the model-specific challenge terms carefully. The site’s headline offer looks simple, yet the practical payout experience still depends on the selected programme and payout method.
Blueberry Funded is built around simulated multi-asset trading rather than stock investing or exchange-traded futures only. Its homepage highlights forex and futures separately, while its funding pages position the product as a broker-backed prop model with access through several industry-leading platforms.
In practical terms, that usually means access to:
- Forex
- CFD-style markets
- Futures, through Blueberry’s separate futures offering
- Multiple supported trading platforms rather than a single in-house terminal
For Singapore traders, the main takeaway is that Blueberry Funded is better suited to traders who want a broker-linked prop experience with broader market access than a pure single-asset challenge firm.
Blueberry Funded is generally best suited to traders who like the idea of a broker-backed prop firm and want a challenge model without a strict time limit. Its homepage repeatedly emphasises no time limit, while the account-processing article says challenge accounts bought by card or crypto are usually issued instantly once payment is processed.
It tends to fit best if you are:
- A trader who prefers no-time-limit evaluations
- Comfortable with a broker-linked prop structure
- Looking for quick setup, with challenge credentials usually issued instantly after successful card or crypto payment
It is less suitable if you want the legal protection structure of a locally licensed broker or the simplicity of a one-product prop firm. Blueberry Funded offers flexibility, but it still sits firmly in the prop-firm category rather than the brokerage category.
Are proprietary trading firms in Singapore safe?
Proprietary trading firms in Singapore can be reasonably safe to use, but their safety depends far more on the firm’s business model, transparency, payout rules, and legal structure than on a standard broker-style protection framework. That is because many online prop firms used by Singapore traders operate as evaluation or simulated-trading businesses, not as MAS-regulated retail brokers.
MAS guidance also makes clear that entities trading solely for their own account can be exempt from the requirement to hold a capital markets services licence in some cases.
In Singapore, the key legal distinction is whether a firm is dealing with client money and regulated capital-markets services, or whether it is trading for its own account. MAS materials state that entities trading in futures contracts solely for their own account are exempt from the requirement to hold a CMS licence, and MAS also maintains detailed licensing and conduct rules for firms that do carry on regulated capital-markets activities.
That distinction matters because many online prop firms are not set up like local brokers. In practice, that means a trader in Singapore may be using a firm that is legal to access, but that does not sit inside the same regulatory and custody framework as a MAS-licensed broker or dealer.
Safety with prop firms is not the same as safety with a traditional brokerage account. With a typical online prop firm:
- You usually pay an evaluation or challenge fee, not a trading deposit into a protected broker account
- The firm may describe the activity as simulated trading or performance evaluation
- Broker-style protections, such as formal custody safeguards linked to client assets, may not apply in the same way
This is the most important practical point for the article. A prop firm can still be reputable and operationally sound, but that does not mean traders get the same protections they would expect from a licensed intermediary handling customer assets directly. That is why the clearest firms are the ones that explain their model, fees, and payout rules plainly.
Even when a prop firm is legitimate, there are still two separate layers of risk:
- Operational risk, such as unclear terms, delayed payouts, weak support, or sudden rule changes
- Trading risk, since leverage, drawdown rules, and tight loss limits can cause traders to fail challenges quickly
Regulation can help reduce misconduct risk in regulated segments of the market, but it does not protect traders from losses caused by poor risk management or volatile markets. That matters even more with prop firms, where breaching a rule can end the account even if the trading idea itself was broadly right.
A prop trading firm is generally safer to consider when it:
- Clearly explains whether it is a broker, prop firm, or simulated evaluation provider
- Publishes transparent rules on fees, payouts, drawdown limits, and restricted strategies
- Has a long enough operating record or credible backing to reduce counterparty concerns
- Makes it easy to understand who the legal entity is and where the service is based
- Does not try to imply MAS regulation if that is not actually the case
For Singapore traders, the safest approach is to treat prop firms as a separate category from brokers, check whether the model is simulated or live, and avoid assuming that “available in Singapore” means “regulated in Singapore.” MAS’s framework draws that distinction for good reason.
Methodology: How we score the best prop firms in Singapore
Each prop trading firm featured in this guide was assessed using a consistent, evidence-based framework designed to support fair, transparent, and useful comparisons.
The review process combined close analysis of each firm’s public pricing, programme rules, payout policies, platform access, and legal disclosures. We also compared how clearly each firm explains its model, because with prop firms, the difference between a simulated evaluation business and a regulated broker matters just as much as pricing or platform choice.
The scoring framework covers eight core categories:
| Scoring category | What we assess |
|---|---|
| Funding models and trader access | The types of programmes offered, such as 1-step, 2-step, instant funding, futures evaluations, and whether the firm suits beginners, experienced traders, or niche strategies |
| Products, markets, and assets | The range of markets available, including forex, indices, commodities, crypto, futures, and whether the firm is single-asset or multi-asset |
| Platforms and usability | Ease of use, platform choice, setup speed, account management, and overall usability across desktop, web, and mobile environments where relevant |
| Safety and reliability | Legal structure, clarity around simulated trading, transparency of rules, company background, payout credibility, and overall trustworthiness |
| Payments and withdrawals | Challenge purchase methods, payout methods, processing times, minimum thresholds, and how easy it is to move money in and out |
| Fees and costs | Challenge fees, reset fees, activation fees, recurring account charges, payout deductions, and the overall clarity of the pricing model |
| Trading rules and flexibility | Drawdown limits, time limits, consistency rules, best-day rules, news-trading restrictions, and how realistic the trading conditions are |
| Education and trader support | Quality of help-centre resources, onboarding guidance, FAQs, support responsiveness, and whether the firm helps traders understand its rules clearly |
Each category is scored on a 0–5 scale. Scores are then weighted according to their importance to prop traders, with factors such as rule clarity, costs, payout structure, safety, and market access carrying greater influence. T
he weighted results are combined to produce the overall firm rating, allowing for more objective side-by-side comparisons across providers.
How to pick the right prop trading firm for you
Choosing the right prop trading firm in Singapore comes down to matching the firm’s rules, markets, and payout model to your trading style. The steps below help narrow the field quickly and avoid common mistakes.
In Singapore, “prop trading firm” can mean either a traditional firm trading its own capital or an online firm that gives retail traders access to a simulated evaluation and, if they pass, a funded model. MAS guidance makes clear that entities trading futures solely for their own account can be exempt from holding a CMS licence in some cases, which is one reason these firms should not be confused with local retail brokers.
That matters because the right choice depends first on your market:
- FTMO, FundedNext, Funded Trading Plus, Alpha Capital Group, and Blueberry Funded are better fits for forex and CFD-style traders
- Apex Trader Funding and Topstep are better fits for futures-only traders
- Breakout Prop is the narrowest option here, because it is mainly built for crypto-focused traders
- E8 Markets and FundedNext are more flexible if you want broader product choice across different models
With prop firms, safety starts with understanding what the firm actually is. Most online firms in this list are not MAS-regulated brokers and do not offer a normal client brokerage account. Instead, they describe themselves as simulated trading, evaluation, or funding businesses. MAS’s own licensing FAQs help explain why this distinction matters in Singapore.
Before paying any fee, check:
- whether the firm says it is a broker or a simulated prop firm
- who the legal entity is
- whether payout rules, restrictions, and challenge terms are clearly published
- whether the firm tries to sound regulated in Singapore when it is not
This step matters more than branding. A polished website does not replace legal clarity.
The cheapest starting fee is not always the lowest-cost option over time. Some firms charge a single evaluation fee. Others add activation fees, monthly funded-account fees, reset costs, or rule-based payout conditions that make it harder to withdraw profits.
When comparing firms, look at:
- the entry fee
- whether the fee is one-time or monthly
- whether you pay again after passing
- payout split and payout frequency
- whether there are extra rules such as best-day limits, consistency rules, or payout buffers
For example, FTMO says its 2-Step model starts with an 80% reward split, rising to 90% through scaling, while FundedNext advertises profit splits up to 95% depending on the model. Topstep’s current payout policy says new traders receive 90% of approved payouts, while its pricing page shows separate Standard and No Activation Fee paths.
Beginner-friendly prop firms usually offer:
- simpler rule sets
- fewer moving parts
- clear dashboards and onboarding
- no-time-limit or lower-pressure models
More advanced traders often benefit from:
- multiple challenge types
- higher payout ceilings
- broader platform choice
- futures-specific or strategy-specific account models
In practice:
- FTMO is one of the more balanced choices for traders who want structure without too much product complexity
- The5ers suits more patient traders who prefer slower pacing
- Topstep is easier to understand if you only want futures
- Apex Trader Funding is better for more experienced futures traders who can manage layered rules and account structures
- E8 Markets and FundedNext are better for traders comfortable comparing several account models
Some firms look similar until you reach the platform and asset list. That is where the real differences show up.
A strong choice depends on whether you need:
- MT4, MT5, or cTrader for forex and CFD-style trading
- a dedicated futures environment
- a crypto-focused model
- one platform only, or several options
For example, FTMO supports MT4, MT5, and cTrader, while Topstep now centres its programme around TopstepX. FundedNext offers multiple account types and package structures, while Topstep keeps things tighter around one futures path and one main platform environment.
Fast payouts sound attractive, but the rules behind them matter more than the headline. A firm can advertise quick withdrawals while still using consistency conditions, best-day caps, or minimum-profit requirements that delay actual access to money.
This is where the shortlist separates out:
- FundedNext is attractive if payout frequency is your priority, because it heavily promotes frequent payouts and high splits
- FTMO is stronger if you want a more established structure and clearer long-term scaling logic
- Topstep is better if you want a futures-only payout framework that is easy to follow, even if it is less flexible than some CFD-style rivals
Use the shortcuts below to match your goal to the firm that fits
FTMO is the safest starting point for many traders because it combines strong brand recognition, clear evaluation structure, major third-party platforms, and reward splits of 80% to 90% depending on the model.
FundedNext is a better fit if you care most about flexible programme design, no-time-limit options on key accounts, and profit splits advertised up to 95%.
Apex Trader Funding and Topstep make the most sense. Apex is more attractive for experienced futures traders who want account scaling and a more aggressive payout structure, while Topstep is cleaner and easier to follow if you want a simpler futures evaluation path.
E8 Markets and Funded Trading Plus are the better options because both are built around model choice rather than a single standard challenge.
The5ers is usually the better fit for patient traders who prefer unlimited-time structures and less rushed evaluation pacing.
Breakout Prop is the most specialised choice in this list, but that also makes it less suitable if you want broader multi-asset access.
The best prop trading firm in Singapore is not the one with the biggest headline payout. It is the one whose rules, markets, and payout mechanics best match the way you actually trade.
How to open an account with a prop trading firm in Singapore
Opening an account with a prop trading firm in Singapore is usually simpler than opening a traditional brokerage account, but it still involves identity checks, rule acceptance, and payment for a challenge or evaluation. The exact flow varies by firm, though most of the firms in this guide follow the same broad structure.
Start by deciding what type of prop firm fits the way you trade. Some firms focus on forex and CFD-style trading, some are built for futures, and others are more specialised in crypto or offer several challenge types.
Before paying, check:
- which markets the firm supports
- whether the model is 1-step, 2-step, instant funding, or futures-only
- how much the entry fee costs
- whether there are reset fees, activation fees, or monthly charges
- what the payout split and payout rules look like
This matters because the “best” firm often comes down to fit, not just the lowest starting price.
Most prop firms use a fully digital signup flow. You usually start by creating a user account with your:
- full name
- email address
- country of residence
- phone number, in some cases
After that, you choose the challenge or funded model you want and move to checkout.
Unlike a traditional broker account, you usually do not start by depositing trading capital. Instead, you pay for access to a challenge, evaluation, or funded programme.
Depending on the firm, payment methods can include:
- card payments
- crypto payments
- bank transfer or third-party payout/payment rails in some cases
For example, Blueberry Funded says challenge accounts bought by card or crypto are usually issued quickly after payment verification, while Topstep and other futures firms use recurring or one-time programme pricing depending on the path chosen.
Most reputable prop firms require KYC before payouts, and some may require it earlier in the process. That usually means providing:
- a government-issued photo ID
- proof of address, if requested
- confirmation that the payment method belongs to you
This step is especially important because even if the challenge signup is fast, a payout may be delayed if KYC is incomplete. Firms such as FTMO, FundedNext, and The5ers all reference KYC or identity checks in their public support or programme materials.
Once payment is confirmed, the firm usually sends your account credentials and platform details by email or through your dashboard. At this stage, you may receive:
- login credentials
- platform download links
- challenge rules
- account targets and drawdown limits
This is also the point where you should check whether the platform is MT4, MT5, cTrader, a futures platform, or a proprietary terminal. Platform choice matters more than many traders realise, especially if you already have an established workflow.
This is one of the most important steps. Prop firms often look simple at the signup stage, but the real differences show up in the rulebook.
Before trading, check:
- maximum daily loss
- maximum overall drawdown
- whether there is a time limit
- payout conditions
- news-trading restrictions
- consistency or best-day rules
- whether inactivity can affect the account
This matters because many failed accounts come from rule breaches, not from a lack of trading skill.
Once the account is live, you begin either:
- a challenge or evaluation
- an instant funding programme
- a futures combine or similar assessment path
If you pass, the next step depends on the firm. Some move you straight into a funded stage, while others require an extra activation step. For example, Apex Trader Funding and Topstep both use multi-stage futures models rather than a simple one-click move into a funded account.
After reaching the funded stage and meeting payout requirements, you usually need to:
- complete final KYC checks, if not already done
- choose a payout method
- meet any minimum profit or profit-day conditions
- submit the payout request through the dashboard
Payout methods and timing differ a lot by firm, which is why this should be checked before you buy the challenge, not after.
Opening an account with a prop trading firm in Singapore is usually fast and straightforward, but it is not the same as opening a normal brokerage account.
The process is built around challenge selection, rule acceptance, identity checks, and payout eligibility, so the safest approach is to understand the model clearly before paying the first fee.
FAQs
For many beginners in Singapore, FTMO is the strongest starting point because it combines a well-established brand, clear evaluation structure, broad platform support, and a free trial. FTMO says it accepts clients globally who are 18+, and its free trial is useful for learning the rules before paying for a challenge. Traders who want a futures-only route may find Topstep easier to follow because its model is narrower and more focused.
Yes, prop trading firms can be legal to access from Singapore, but that does not mean they are all licensed in Singapore as brokers. MAS states that exemptions from the requirement to hold a CMS licence are set out in the Securities and Futures Act and related schedules, and its published FAQs note that entities trading futures solely for their own account can be exempt from the CMS-licensing requirement.
Usually, no. Most online prop firms used by Singapore-based retail traders are not MAS-regulated retail brokers. They generally operate as challenge, evaluation, or simulated-trading businesses under their own legal entities, which is different from being authorised by MAS as a broker-dealer or other capital markets intermediary.
A broker opens and services a trading account for a client, while a prop firm typically charges for access to an evaluation or funded-account programme and sets payout rules around performance. Many online prop firms also describe the trading stage as simulated rather than as direct client trading through a normal brokerage account. Topstep, for example, says the Trading Combine and Express Funded Account take place in a simulated environment, while FTMO positions its model as a challenge and funded-trader process rather than a standard brokerage service.
For futures traders in Singapore, the strongest options are usually Apex Trader Funding and Topstep. Topstep is the cleaner and easier-to-follow choice for many traders because it is built around a futures-only path and a clear payout framework, including weekly payouts and daily payouts after enough winning days in a Live Funded Account. Apex can be more appealing to experienced futures traders who want more aggressive payout economics and account scaling.
The best prop trading firm depends on market type, fee structure, payout rules, and legal clarity. Start by deciding whether you trade forex/CFDs, futures, or crypto, then compare the real cost of the challenge, any reset or activation fees, the payout split, the platform options, and whether the firm explains clearly that it is a prop or simulated-trading business rather than a MAS-regulated broker. For example, FTMO highlights its free trial and structured challenge path, while Topstep and other futures firms focus on narrower futures-specific rules and payout conditions.