FundingTraders Singapore Review
Pros (What we like)
- Exclusive 100% profit split add-on option
- No minimum trading days requirement
- Supports direct bank transfer payouts
Cons (Drawbacks)
- Slightly higher pricing on standard challenge profiles
- Leverage limits can be restrictive
Overview: Peter's Honest Audit
FundingTraders is a US-based prop trading firm launched in 2023 that has generated buzz by offering an optional 100% profit split add-on. While most firms cap your payout at 80% or 90%, FundingTraders allows you to keep all the profits you generate, provided you pay an extra fee during challenge signup.
For profitable Singaporean day traders who are confident in their execution, this feature can significantly increase your payouts. The firm offers evaluation challenges with no minimum trading days, allowing you to get funded as quickly as you can hit the profit targets.
Let's check their challenge rules, payouts, and platform setups.
No Minimum Trading Days and Drawdown Limits
The evaluation consists of a standard 1-step or 2-step model. There are no minimum trading days, and no consistency rules. The daily drawdown is set at 5% (based on balance/equity) and the overall drawdown is 10%. Payouts can be requested weekly, which is highly competitive.
Singapore Bank Transfers and Payout Methods
FundingTraders supports direct bank transfers and crypto payouts. Direct bank transfers can clear in Singapore bank accounts (DBS, OCBC, UOB) in SGD through international wire networks. Alternatively, crypto payouts (USDT) clear in minutes.
IRAS Tax Rules on 100% Profit Splits
Keep in mind that even if you choose the 100% profit split add-on, the payouts are still classified as contractor service fees under IRAS rules. They are subject to Singapore personal income tax rates. If you generate substantial returns, consider forming a sole proprietorship to deduct expenses.
Frequently Asked Questions
Is the 100% profit split option free?
No, it is an optional add-on that you must purchase during the challenge checkout. It increases the challenge fee slightly.
What platforms are available?
FundingTraders offers MT5 and DXtrade, both optimized for fast order execution from Singapore servers.
Does FundingTraders require KYC?
Yes, standard KYC verification is required once you pass the evaluation before a funded account agreement is issued.
High-Risk Alert (YMYL Compliance)
Binary options trading is highly speculative and carries a substantial risk of loss. The Monetary Authority of Singapore (MAS) has issued multiple advisories warning that retail investors dealing with unregulated offshore binary options platforms are highly likely to lose their entire capital. Up to 90% of retail retail traders blow their accounts here.
Editorial Transparency & Bias Check
Our team tests brokers using real money accounts to measure actual spreads, transaction friction, and deposit speeds. Broker ratings are calculated algorithmically based on spreads, regulation, customer service, and ease of withdrawals. We refuse payment in exchange for positive reviews. Unregulated brokers are marked clearly with risk warnings.
Written by PeterVERIFIED TRADER
Professional Retail Trader & Editor
Trading Forex, Gold (XAUUSD), and indices since 2012. Survived three margin calls and spread widenings so you don't have to. Peter reviews platforms based on actual deposit testing, spreads audit, and latency check.