Head-to-head
Belvedere Trading vs Headlands Technologies
A direct, side-by-side comparison of Belvedere Trading and Headlands Technologies — profit splits, evaluation fees, payout cadence, supported assets, and trading rules. Data pulled live from our firm directory.
Quick verdict
Belvedere Trading is best for
traders who prefer Firm Capital Model and a Chicago, USA-based firm.
Full Belvedere Trading profile →Quick verdict
Headlands Technologies is best for
traders focused on forex.
Full Headlands Technologies profile →Not sure which fits?
Help me decide between Belvedere Trading and Headlands Technologies
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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.
Belvedere Trading
Firm Capital ModelNot 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.
Headlands Technologies
Firm Capital ModelNot 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.
Decision guide
Best for your trader type
- Highest profit share
Tie
Both pay 50%.
| Attribute | Belvedere Trading Firm Capital Model · est. 2002 | Headlands Technologies Firm Capital Model · est. 2009 |
|---|---|---|
| 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 | Yes | Yes |
| Stocks | Yes | Yes |
| Options | Yes | Yes |
| Forex | No | Yes |
| Crypto | No | No |
| 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 | Chicago, USA |
About Belvedere Trading
Proprietary trading firm specializing in equity index and commodity options market making across CBOE, CME, and ICE.
Full Belvedere Trading profile →About Headlands Technologies
Quantitative proprietary trading firm with offices in Chicago, New York, San Francisco, Amsterdam, and Singapore. Trades global futures, options, and equities.
Full Headlands Technologies 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
canonical- Sources used
- 1
- Confidence
- low
Weighted blend of independent trader-review sources. See methodology.
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 — Belvedere Trading or Headlands Technologies?
- Belvedere Trading pays 50%; Headlands Technologies pays 50% of trader profits once funded. Both firms offer the same profit share.
- Which pays out faster — Belvedere Trading or Headlands Technologies?
- Belvedere Trading payouts: Annual bonus. Headlands Technologies payouts: Annual.
- Can I trade news at Belvedere Trading or Headlands Technologies?
- Belvedere Trading: permits news trading. Headlands Technologies: permits news trading.
- Can I hold positions overnight at Belvedere Trading or Headlands Technologies?
- Belvedere Trading: allows overnight holds. Headlands Technologies: allows overnight holds.
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