Head-to-head
Akuna Capital vs Wintermute
A direct, side-by-side comparison of Akuna Capital and Wintermute — profit splits, evaluation fees, payout cadence, supported assets, and trading rules. Data pulled live from our firm directory.
Quick verdict
Wintermute is best for
traders who prefer Firm Capital Model and a London, UK-based firm.
Full Wintermute profile →Watch flags · risk only
Public risk notes we've recorded on the firm record. Not a judgement of fit — just things to verify before committing capital.
- Akuna Capital
lack of regulatory oversight, limited independent payout verification
Cost & compensation
Cost and compensation path
Published fees and payout timing apply to trader-paid funding programs. Firm-capital and institutional paths are shown separately because their economics usually depend on hiring, allocation, salary, bonus, or profit-sharing terms.
Akuna Capital
Firm CapitalNot applicable for this model
This is a firm-capital or hiring-based trading path, not a trader-paid funding program. Compensation is typically handled through salary, bonus, draw, allocation, or profit-sharing arrangements rather than a published evaluation fee and payout schedule.
Wintermute
Firm CapitalNot applicable for this model
This is a firm-capital or hiring-based trading path, not a trader-paid funding program. Compensation is typically handled through salary, bonus, draw, allocation, or profit-sharing arrangements rather than a published evaluation fee and payout schedule.
Trade-offs
Where each firm is weaker
No firm wins on every axis. These are the most meaningful drawbacks of each option — derived from the same structured fields shown in the table, never invented.
Akuna Capital trade-offs
Open risk note
Watch flag on file: lack of regulatory oversight, limited independent payout verification
Wintermute trade-offs
No structural disadvantages versus the other firm based on the fields we track.
Decision guide
Best for your trader type
- Highest profit share
Tie
Both pay 50%.
| Attribute | Akuna Capital Firm Capital · est. 2011 | Wintermute Firm Capital · est. 2017 |
|---|---|---|
| Cost | ||
| Evaluation fee | — | — |
| Monthly fee | — | — |
| Evaluation required | No | No |
| Instant funding | No | No |
| Capital | ||
| Profit split | 50% | 50% |
| Max allocation | Institutional only | Firm capital |
| Account sizes | Institutional only | Firm capital |
| Scaling | — | — |
| Payouts | ||
| Frequency | Annual bonus | Annual |
| First payout | — | — |
| Assets | ||
| Futures | No | No |
| Stocks | No | No |
| Options | Yes | No |
| Forex | No | No |
| Crypto | Yes | Yes |
| Trading rules | ||
| News trading | Yes | Yes |
| Overnight holding | Yes | Yes |
| Weekend holding | Yes | Yes |
| Copy trading | No | No |
| Technology | ||
| Platforms | Proprietary | Proprietary |
| Data feed | — | — |
| Company | ||
| Headquarters | Chicago, USA | London, UK |
About Akuna Capital
Derivatives-focused proprietary trading and market making firm.
Full Akuna Capital profile →Trust & stability
Reputation and rule-change activity
Two added decision signals: a weighted reputation score from independent review sources, and a 90-day view of structural rule-change activity where monitored sources are available.
Reputation
Not enough independent rating sources to compute a canonical score yet.
Rule Stability
last 90dWe do not currently have enough monitored public rule sources for this firm to report rule-change activity honestly.
Reputation
Not enough independent rating sources to compute a canonical score yet.
Rule Stability
last 90dWe do not currently have enough monitored public rule sources for this firm to report rule-change activity honestly.
Frequently asked
Common questions
- Which has a higher profit split — Akuna Capital or Wintermute?
- Akuna Capital pays 50%; Wintermute pays 50% of trader profits once funded. Both firms offer the same profit share.
- Which pays out faster — Akuna Capital or Wintermute?
- Akuna Capital payouts: Annual bonus. Wintermute payouts: Annual.
- Can I trade news at Akuna Capital or Wintermute?
- Akuna Capital: permits news trading. Wintermute: permits news trading.
- Can I hold positions overnight at Akuna Capital or Wintermute?
- Akuna Capital: allows overnight holds. Wintermute: allows overnight holds.
Still deciding?
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