The Best Prop Firms in Singapore for 2026, Compared

Where do the global sessions land on Singapore time?

Each centre is taken to trade from 08:00 to 17:00 local time. That is a working assumption rather than an exchange timetable, and the times below come from standard UTC offsets.

Singapore is on UTC+8 throughout the year. Tokyo (UTC+9) is one hour ahead, so its session runs about 07:00 to 16:00 Singapore time, inside the working day.

London's session starts at about 16:00 Singapore time in winter and about 15:00 in summer, when the UK is on British Summer Time, and ends at midnight or 01:00. New York follows: about 21:00 to 06:00 in winter and about 20:00 to 05:00 in summer.

The London and New York overlap therefore falls in the evening, from about 21:00 to 01:00 in winter and 20:00 to 00:00 in summer. Around the clock changes in March and in late October and early November, the overlap can run from about 20:00 to 01:00.

What does MAS say about the Capital Markets Services licence?

On its page about the Capital Markets Services (CMS) licence, the Monetary Authority of Singapore says a company must hold a CMS licence to conduct activities regulated under the Securities and Futures Act (SFA).

The page lists seven regulated activities:

• dealing in capital markets products
• fund management
• advising on corporate finance
• product financing
• REIT management
• providing credit rating services
• providing custodial services for securities

It says entities holding a CMS licence to conduct regulated activities are listed in the Financial Institutions Directory on the MAS website, and that an entity that stops holding a licence is removed from the directory.

The MAS page does not use the words simulated trading or prop firm, and this page cites no MAS statement about either. It offers no view on whether any firm holds or needs a licence. Read it as orientation and not as legal advice.

What is the MAS Investor Alert List, and what does it not cover?

The Monetary Authority of Singapore publishes an Investor Alert List of persons who, on the information available to MAS, may be or may have been wrongly perceived as licensed or otherwise authorised or regulated by MAS. The list can be filtered by date and sorted; on 29 October 2026 its newest entries were dated 28 October 2026.

MAS says the list is not exhaustive and reflects what it knew at the time of publication. It also says it no longer publishes the names and online identifiers, such as websites and messaging channels, of entities that impersonate MAS-regulated financial institutions, and that if in doubt a reader should check an institution's official contact details on its website or in the MAS Financial Institutions Directory.

A name missing from the Investor Alert List is not a sign that a firm is licensed, and a name on it is MAS's alert, not a court finding. A search of the MAS website on 29 October 2026 for "prop firm" and "funded trader" returned no results, so this page cites no MAS statement on prop firms. It is orientation, not legal advice.

What must a licensed firm give a Singapore customer before a CFD account opens?

MAS Notice SFA 04-N15, published on 5 October 2018 under section 101 of the Securities and Futures Act, sets out the requirement to give customers a Risk Fact Sheet and obtain their acknowledgement before opening a customer account to trade contracts for differences (CFDs). It applies to capital markets services licensees, and to banks, merchant banks, finance companies and insurers, that deal in CFDs for or on behalf of a customer. MAS Guidelines SFA 04-G09 give guidance on preparing the fact sheet.

The notice applies to the licensed institutions it names when they deal in CFDs for customers. It does not mention prop firms or simulated evaluations, so this page does not say whether it reaches any firm in the table. It is orientation, not legal advice.

How does IRAS describe gains from shares and financial instruments?

IRAS has a page on gains from the sale of property, shares and financial instruments, last updated on 27 February 2026. It says such gains in Singapore are generally not taxable, and that profits from trading shares or financial instruments are generally viewed as personal investments.

The page says gains may be taxable if property is bought and sold with a profit-seeking motive, or if the sale is deemed to be trading in properties. For property, it lists how often a person transacts, why they buy and sell, whether they can afford to hold long term, and how long they hold.

IRAS does not mention prop firms or payouts on that page, so nothing here says how a payout from a firm is treated. Treat this section as background and not as tax advice, and ask a Singapore tax adviser before you file.

What does IRAS say about income received from overseas?

IRAS's page on income received from overseas (last updated 2 March 2026) says that, generally, overseas income received in Singapore, including overseas income deposited into a Singapore bank account, is not taxable, and that overseas income that is not taxable does not need to be declared.

The page lists five cases in which overseas income is taxable in Singapore:

• it is received through a partnership based in Singapore;
• overseas employment is incidental to Singapore employment;
• you have a trade or business in Singapore and carry on a trade or business overseas that is incidental to it;
• you work in Singapore for a foreign employer;
• you are employed overseas on behalf of the Singapore Government.

Where overseas income is taxable, the page says it is reported in the Income Tax Return under the relevant category, such as Trade Income or Other Income, and that double taxation relief may be applied for if the same income is also taxed abroad.

The page does not mention prop firms or say whether a payout from a firm abroad is overseas income, trade income or something else, so this section does not say how a payout is treated. Ask a Singapore tax adviser before you file.