Why you want to do this , it would be better to know your purpose for this

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An easy way to do this, if you have a U.S.-based hosting account with SSH, is to tunnel using SSH. This doesn't require any additional software on the host machine - the functionality is built-in to the SSH server.

A number of commercial and free SSH clients have a local SOCKS proxy built-in that will tunnel traffic to a host. You'd configure your browser to use the SOCKS proxy.

BTW, tunneling is just one more good reason to use SSH rather than FTP to access your web hosting account. A more typical use of tunnels is to forward specific local ports to the host.

For example, I've set-up a tunnel for MySQL. This allows me to use locally-installed tools to securely access the MySQL databases on my host.