TL;DR — Singapore traders have almost every door open

Singapore is one of the easiest jurisdictions in the world to trade from as a prop firm customer. Unlike India, Vietnam, or Malaysia, no major firm blocks Singapore residents, and the payment rails — bank wires, cards, licensed crypto off-ramps — all work. The catch is not access; it is that none of this sits under MAS protection, and most Singapore-facing articles skip that part.

Here is the eligibility picture, verified against each firm’s official restricted-country list as of July 2026.

FirmModelAccepts Singapore residents?PricingProfit split
FTMOTwo-step FX/CFDYes — not on the official restricted list$89–$1,080 one-time80%, up to 90%
The5%ersEvaluation and instant fundingYes — not among the ~34 banned countriesFrom $9550–100% by program
FintokeiTwo-step FX/CFDYes — not on the official restricted listVaries by plan80%, up to 90%
FundedNext1/2-step FX/CFDYes — not on the official restricted list$59–$1,09980–90%
FundingPips1/2/3-step FX/CFDYes — not on the official restricted listFrom $19Varies by model
TopstepCME futuresGenerally reported eligible — list not fully public, confirm with support$49–$149/mo90/10 (pre-2026 accounts: 100% of first $10,000)

Eligibility lists change without notice. As of July 2026 the table above matches the official pages; re-check them on the day you pay.

The MAS picture: unregulated is not the same as illegal

Prop firms selling funded challenges do not take client deposits for investment, do not manage your money, and — in almost every case — have you trading a simulated account. That structure typically falls outside the licensing perimeter that MAS applies to brokers and fund managers under the Securities and Futures Act. The result is a genuine gray zone: nothing stops you from buying a challenge, but nothing protects you either.

Three practical consequences follow. First, no firm in this guide is licensed or authorised by MAS, and none appears in the Financial Institutions Directory as a regulated entity. Second, if a firm refuses a payout, changes its rules retroactively, or disappears, you have no recourse through MAS — your counterparty is a foreign company under foreign law. Third, MAS maintains an Investor Alert List of entities that may be wrongly perceived as MAS-regulated; it is worth searching any firm’s name there before paying, and again periodically, because the list is updated continuously.

We did not find any of the firms in this guide on the MAS Investor Alert List as of July 2026. That is a snapshot, not a clearance — check the live list yourself, and treat any firm that claims to be “regulated” for its funded-account product with suspicion, because that claim is almost never what it sounds like. Background reading: prop firm regulation and legality.

The honest numbers before you pay anyone

An FPFX Technologies analysis of 300,000+ prop firm accounts found that only about 14% of traders pass their evaluation, only about 7% ever reach a payout, and the average payout is roughly 4% of the nominal plan size. Those figures come from a technology provider that processes accounts for a large slice of the industry, which makes them about as close to ground truth as this market offers.

Prop challenges are a hard skills test with a fee attached, not an income product. Budget for more than one attempt, and read the pass-rate breakdown and risk management for evaluations before you start.

The firms, one by one

FTMO — the industry reference point

FTMO has operated from Prague since 2015, with one of the largest published payout histories in the industry. Singapore does not appear on the official restricted list, which runs to roughly 80 countries (US residents are served separately via ftmo.oanda.com — irrelevant for Singapore readers).

  • Two-step evaluation: 10% profit target, then 5% in Verification, no time limit
  • Maximum loss 10%, daily loss 5%, minimum 4 trading days
  • Fees $89–$1,080 one-time, refunded with the first payout
  • Split 80%, rising to 90% with scaling; 14-day payout cycle
  • Platforms: MT4, MT5, cTrader, DXtrade

Read the FTMO rules breakdown before paying, and how to start with FTMO for the setup walkthrough.

The5%ers — instant funding and the longest program menu

The5%ers, founded in 2016, publishes a banned-country list of about 34 countries; Singapore is not on it.

  • Programs: High-Stakes Challenge (two-step evaluation), Bootcamp (step-up), Instant Funding (no evaluation)
  • Entry from $95; scaling up to $4 million
  • Split 50–100% depending on program and scaling stage
  • Platforms: MT4, MT5, Match-Trader

Instant Funding costs more per dollar of buying power in exchange for removing evaluation pressure — the trade-off is covered in the rules breakdown and how to start with The5%ers.

Fintokei — the Japan-focused firm that also serves Singapore

Fintokei launched in 2023 with its operator registered in Prague, built primarily for the Japanese market but open well beyond it — Singapore is not on the official restricted list (the notable exclusions are the US, India, and a handful of sanctioned or temporarily restricted countries).

  • Plans: StartTrader, ProTrader, SwiftTrader, with FTMO-style rules
  • Split 80%, up to 90%; maximum funding to $400K with scaling
  • Platforms: MT4, MT5, DXtrade

The plan differences matter more than they look — see Fintokei plans compared and the rules breakdown.

FundedNext and FundingPips — the honest non-partner picks

We have no affiliate relationship with either firm; they are here because they verifiably accept Singapore residents and are widely used.

FundedNext (Dubai, 2022) runs Evaluation, Express, and Stellar models at $59–$1,099 with an 80–90% split, MT4/MT5, and a 14-day payout cycle. Note for context: FundedNext restricts some Asian markets (Malaysia, Vietnam, Sri Lanka, Bangladesh among them), but Singapore is not on the list.

FundingPips (Dubai, 2022) is the low-ticket option — fees from $19, a 5-day payout cycle, and 1/2/3-step models on MT4, MT5, cTrader, and Match-Trader. Cheap entries make repeated attempts painless, which cuts both ways; see prop firm hidden costs.

Topstep — futures, with a time-zone caveat

Topstep (Chicago, 2012) is the oldest CME futures evaluation: $49–$149 per month, a 90/10 split for new accounts (legacy accounts: 100% of the first $10,000), on NinjaTrader, Tradovate, and TradingView. Its ineligible-country list is not fully published; Singapore is generally reported as eligible, but confirm with Topstep support before subscribing.

The honest caveat is the clock. The CME main session runs from late evening into the Singapore night — the US equity-hours core is roughly 9:30pm to 4am SGT. If you have a day job, that is a genuinely hard schedule, and it is the main reason FX firms fit Singapore life better. Details in the Topstep rules breakdown.

Paying in and getting paid from Singapore

Singapore is about as friction-free as this industry gets. FTMO’s verified rails, from its official pages: challenge purchases by card, Apple Pay, or Google Pay with no fee (Skrill and crypto add 3%); payouts by wire from $20 of profit, Visa Direct or Mastercard Send up to $20,000, Skrill up to $3,000, or crypto (BTC, ETH, LTC, USDT, USDC) from $50, with no FTMO-side withdrawal fee.

Wires land in SGD accounts with normal intermediary-bank costs, and Wise operates fully in Singapore if you prefer to receive USD cheaply. Crypto payouts are workable too: buying and selling digital payment tokens is legal in Singapore through MAS-licensed providers, so a USDT payout can be off-ramped through a licensed exchange. The other firms publish their own payout pages — as of July 2026, re-check the official page before you buy, because rails change faster than articles do. The cross-firm picture is in withdrawal methods compared.

On tax: Singapore famously has no capital gains tax, but recurring prop payouts look more like income from a trade than investment gains, and IRAS assesses substance over form. Do not assume tax-free; consult a local tax professional.

How to choose from Singapore

First, let the clock decide the market: London opens around 3–4pm SGT and New York around 9:30pm, which makes FX evening-friendly, while CME futures push deep into the night. Second, set a hard total budget before the first attempt — at a roughly 14% pass rate, most people pay more than once. Third, read the drawdown rules and the payout terms as one package; the how-to-choose guide covers the mechanics, and the one-step vs two-step vs instant comparison covers the model choice.

No prop firm, and no article, can guarantee profits. Final decisions — trading, remittance, and tax — are your own, and this site does not provide investment or legal advice.

The links below are affiliate links (PR). They do not change the eligibility facts above, and no firm here is authorised by MAS.

The5%ers — start small, scale on results

Operating for 10 years (since 2016), with Singapore accepted per the official banned-country list. Entry from $95, Instant Funding available, and the profit split scales to 100%.

→ See The5%ers official site (coupon code “HZZS4” for a discount)

FTMO — the industry standard

Operating for 11 years (since 2015), with Singapore absent from the official restricted list and the industry’s longest published payout record.

→ See FTMO official site

Fintokei — FTMO-style rules, Asia-friendly support

Launched 2023, operator registered in Prague, with Singapore not on the official restricted list. Split 80% rising to 90%.

→ See Fintokei official site (coupon code “FINTO5KEI” for a discount)

More discount codes are on the coupons page.