FundingTraders Singapore Review

Overview: Objective Prop Firm Evaluation

FundingTraders is a United States-based proprietary trading evaluation firm founded in 2023 that has differentiated itself in the competitive prop trading sector by introducing an optional 100% profit split upgrade. While traditional prop firms offer 75% to 85% payouts, FundingTraders allows qualifying traders to retain 100% of their net trading profits by selecting an optional add-on during challenge checkout.

The firm offers challenge sizes ranging from $10,000 up to $2,000,000 in maximum scaling allocation, catering to both entry-level retail traders and experienced quantitative operators in Singapore. However, prop trading arrangements are contractual performance agreements rather than traditional brokerage accounts. Below is an objective audit examining FundingTraders’ assessment formats, drawdown calculations, execution environments, and Singapore tax realities.

Challenge Formats & Profit Target Structures

FundingTraders provides two distinct assessment pathways to accommodate different trading strategies:

Daily & Total Drawdown Mechanics

Risk parameters are strictly defined to enforce capital preservation:

• Daily Loss Limit (5%): Reset daily based on the higher of start-of-day balance or equity. This ensures traders cannot lose more than 5% of their active capital base within any 24-hour cycle.
• Maximum Total Loss (10%): A static 10% maximum trailing loss threshold calculated from initial starting balance. For example, on a $100,000 challenge account, total losses across closed and floating positions must never exceed $10,000.

Trading Terminals: MetaTrader 5 & DXtrade

FundingTraders provides access via MetaTrader 5 (MT5) and DXtrade:

• MetaTrader 5: Supported across desktop, Android, and web. MT5 is ideal for algorithmic traders using custom Expert Advisors (EAs) and automated risk management scripts.
• DXtrade: A modern web-based trading terminal that runs seamlessly in modern browsers without software installation. DXtrade features built-in lot size calculation tools, risk-to-reward overlays, and modular layout customizability favored by Singapore discretionary day traders.

The 100% Profit Split Add-On Explained

The firm’s standard baseline payout split is 80%. However, during challenge configuration, traders can pay an optional fee to upgrade to a 100% profit split tier.

While attractive, retail traders must evaluate the cost-benefit ratio: if you are trading smaller challenge tiers ($10,000 to $25,000), the additional upfront add-on fee may take multiple payout cycles to justify. For larger $100,000+ accounts, retaining 100% of profits can result in substantially higher dollar returns over consecutive cycles.

Singapore Payouts & Published Banking Channels

Payouts can be requested weekly after an initial 14-day holding period on the funded account.

• Bank Wire Transfers: Supports international bank wire transfers directly into Singapore retail bank accounts (DBS, OCBC, UOB) with funds converting into SGD. Wire transfers typically clear in 2 to 4 business days.
• Cryptocurrency Transfers: Payouts via USDT (TRC-20) settle within hours directly to your personal crypto wallet.

Singapore Tax Rules on 100% Profit Splits

The tax treatment of prop-firm payouts depends on the facts and circumstances of the trader's activity. If the activity constitutes a trade, business, profession or vocation, income may need to be reported as self-employment/business income. Singapore traders should assess their individual circumstances against current IRAS guidance:

• Tax Assessment on Trading Activity: Even at a 100% split, whether prop firm payouts are treated as taxable trade income or capital transactions depends on individual circumstances under the Badges of Trade. If trading constitutes carrying on a trade, business, or vocation, net earnings may need to be reported under official IRAS Self-Employed Individuals Guidance.
• Expense Deductions: Where trading is determined to be a taxable business activity, challenge purchase fees and data subscription costs incurred in generating prop trading revenue are generally deductible as legitimate business expenses.
• CPF MediSave Considerations: Mandatory MediSave obligations may arise when an individual is treated as self-employed for tax purposes and statutory Net Trade Income thresholds (exceeding S$6,000 per annum) are met under official CPF Board MediSave Guidelines. Review full tax guidelines in our Singapore Trading Tax Guide.

Frequently Asked Questions

Curated Alternatives & Recommendations

Before purchasing an evaluation challenge, compare FundingTraders against competing prop firms in our authoritative Prop Trading in Singapore Hub. If you prefer firms with direct scaling to $4,000,000, examine City Traders Imperium, or explore firms offering profit sharing during evaluation stages in our FundedNext Review.