Best Prop Firms for Singapore Traders in 2026

This page used to list five firms as “Singapore prop firms.” We rechecked every one in July 2026 and three no longer belong here. MPFunds shut down permanently in September 2024 after its bank cut off account services amid a Singapore regulatory shift. Funded Nation suspended operations in December 2024 for a dashboard upgrade that never finished, and its site currently loads with no content. FundedBull’s own status reads active, but independent trackers flag it as closed and a cluster of Trustpilot reviews describe frozen withdrawals. We are not going to recommend any of the three.

That leaves PipFarm as the only firm from the old list still standing. Singapore does not have enough homegrown, currently operating retail prop firms to fill a five-firm list on registration alone. So this page now does what the search intent actually asks for: it covers firms Singapore-based traders can use, split into two groups. Group one is registered and run out of Singapore. Group two is an established firm with no Singapore restriction in its public terms. Every firm below is checked against fundedtrading.com’s own verified prop firm reviews, not third-party directories, for facts like rules, pricing, and entity registration.

PipFarm is the only firm on this list actually headquartered in Singapore, registered at 68 Circular Road under CEO James Glyde. It runs entirely on cTrader and pays out every Friday. The standout feature is its XP system: your profit split starts at 70% and climbs to 99% as you rack up payouts, passed challenges, and platform activity, rather than jumping in fixed steps like most firms.

The catch is the $5,000 weekly gross payout cap at Rank 0 through Rank 3, and a first-payout risk review that has caused delays for some traders. PipFarm was also delisted from PropFirmMatch in October 2025 over a dispute about verification demands. CEO James Glyde has been public about the reasons, and it was not tied to payout failures. Trustpilot has moved from 4.6 to 4.0 out of 5 over 375 reviews as the complaint volume grew alongside the trader base.

Best for: Singapore traders who want a locally registered firm and use cTrader.

Propr is the crypto-native pick on this list, built by XBorg and backed by SwissBorg on a $1.5M seed round. It runs entirely on Hyperliquid’s on-chain order book rather than MetaTrader or cTrader, so trades, fees, and payouts all settle on-chain and are checkable at propr.xyz/transparency. Payouts land in USDC, usually within about 5 hours, with no minimum wait after getting funded.

Propr excludes traders in the US, UK, Russia, and OFAC-sanctioned countries. Singapore is not on that list. The rules are short: two equity limits and nothing else, no consistency rule, no minimum trading days. The Turbo 1-Step evaluation is the cheapest funded path on this whole list at $25 for a $5K account, but its 3% static drawdown is tight enough that one bad trade ends it. The platform launched in early 2026, and some Trustpilot reviews describe technical glitches and false breaches during high-traffic periods.

Best for: Singapore traders already using Hyperliquid, or anyone who wants funded crypto perp trading with on-chain payout proof.

FundedNext is the largest firm on this list by review volume. It holds 72,340 Trustpilot reviews at 4.5 out of 5, more than any other prop firm globally, and has paid out over $306.9M to 93,000+ traders since launching in 2022. Every payout is backed by a 24-hour guarantee, and FundedNext adds $1,000 if it misses that window.

In July 2026, FundedNext removed its controversial 70% margin rule entirely and cleared existing violations. Stellar 2-Step and Stellar 1-Step accounts also pay a 15% challenge phase reward on top of your first funded withdrawal, which covers most of the challenge fee for a trader who passes cleanly. The one rule worth flagging for gold traders: XAUUSD leverage on Stellar 2-Step was cut from 1:100 to 1:10 in January 2026 and is still in effect.

Best for: Singapore traders who want the largest independently verified payout track record in the industry.

Alpha Capital Group has been operating since November 2021 and holds a 4.7 Trustpilot score from over 19,000 reviews as of mid-2026. It stands out for platform choice, running MT5, cTrader, DXTrade, and TradeLocker across its Alpha One, Alpha Pro, Alpha Swing, and Alpha Three plans, all with no time limit on evaluations.

Two rules catch traders off guard. The 40% Best Day Rule means no single trading day can account for 40% or more of total profit when requesting an on-demand payout. The 2-minute average trade duration rule requires at least half of your qualifying profit to come from trades held over 2 minutes, which rules out heavy scalping. Neither rule is unusual for the industry, but both need reading before you buy.

Best for: Singapore traders who want platform choice and are comfortable holding trades past 2 minutes.

ThinkCapital launched in 2024 as the prop trading arm of ThinkMarkets, a broker regulated by the FCA, ASIC, and CySEC. That broker backing means the challenge runs on the same execution and spreads as a live brokerage account, not a generic white-label demo server. The standout feature is direct TradingView chart execution through ThinkTrader, which almost no other firm on this list offers.

The rule to watch is the 4-minute news blackout on Lightning, Nexus, and Dual Step Intraday. It catches stop-loss and take-profit fills, not just new orders, so a resting order can trigger a breach if it fires inside the window. Dual Step Swing is the only challenge type that allows news trading by default. ThinkCapital’s restricted country list includes Australia, Russia, Ukraine, Iran, North Korea, Vietnam, and Cuba. Singapore is not on it.

Best for: Singapore traders who chart on TradingView and want broker-grade execution behind the challenge.

Axi Select is a different model from everything else on this list, and worth understanding before you sign up. There is no challenge fee. You deposit your own $500 minimum into a live Axi account, trade real money, and build an Edge Score based on skill, risk management, and consistency. Hit 50 and you unlock the Seed stage. Reach Pro M and you can access up to $1 million in Axi-funded capital at an 80% split.

Axi is backed by AxiCorp Financial Services, a broker with 15 years of operating history and active ASIC, FCA, and CySEC licenses, though the Select program itself runs under the unregulated St. Vincent entity. Two hard rules rule out certain traders entirely: scalping is banned outright, and the maximum loss is a tight 7% for every stage except Pro M. Axi Select excludes traders in the US, UK, EU, and Australia. Singapore is not restricted.

Best for: Singapore swing traders with a tested strategy who want to skip challenge fees entirely and are fine with MT4.

Goat Funded Trader runs nine account models across five platforms and claims 250,000+ traders across 182 countries with $20M+ paid out. Entry can drop as low as $17 on a discounted $5K 2-Step account, and news trading and weekend holding are both allowed on every model, which is more permissive than most competitors on this list.

We’re putting GFT last on purpose. It has a real trust gap between sources: some trackers show a strong Trustpilot score in the low 4s, others show a much rougher 2.6 out of 5 with a heavy volume of payout-denial and copy-trading-accusation complaints. Both pictures exist in the wild at once, which usually means opinions on this firm are actually split rather than uniformly good or bad. If you use GFT, keep your first funded account small until you have been through a full payout cycle. Goat Guard, its automatic risk feature, also cuts your split to 50% on its first trigger, which is a steeper penalty than most comparable rules elsewhere on this page.

Best for: Singapore traders who want the widest platform and account-model choice and are comfortable starting small while they verify GFT’s payout process for themselves.