Head-to-head
Belvedere Trading vs Susquehanna International Group (SIG)
A direct, side-by-side comparison of Belvedere Trading and Susquehanna International Group (SIG) — 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
Susquehanna International Group (SIG) is best for
traders focused on crypto.
Full Susquehanna International Group (SIG) profile →Not sure which fits?
Help me decide between Belvedere Trading and Susquehanna International Group (SIG)
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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.
Susquehanna International Group (SIG)
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 | Susquehanna International Group (SIG) Firm Capital Model · est. 1987 |
|---|---|---|
| Cost | ||
| Evaluation fee | — | — |
| Monthly fee | — | — |
| Evaluation required | No | No |
| Instant funding | No | No |
| Capital | ||
| Profit split | 50% | 50% |
| Max allocation | Institutional only | Institutional only |
| Account sizes | Institutional only | Institutional only |
| Scaling | — | — |
| Payouts | ||
| Frequency | Annual bonus | Annual bonus |
| First payout | — | — |
| Assets | ||
| Futures | Yes | Yes |
| Stocks | Yes | Yes |
| Options | Yes | Yes |
| Forex | No | No |
| Crypto | No | 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 | Bala Cynwyd, 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 Susquehanna International Group (SIG)
One of the largest global quantitative trading firms and options market makers. Renowned for its game-theory-driven training program and significant venture investments (including ByteDance).
Full Susquehanna International Group (SIG) 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 Susquehanna International Group (SIG)?
- Belvedere Trading pays 50%; Susquehanna International Group (SIG) pays 50% of trader profits once funded. Both firms offer the same profit share.
- Which pays out faster — Belvedere Trading or Susquehanna International Group (SIG)?
- Belvedere Trading payouts: Annual bonus. Susquehanna International Group (SIG) payouts: Annual bonus.
- Can I trade news at Belvedere Trading or Susquehanna International Group (SIG)?
- Belvedere Trading: permits news trading. Susquehanna International Group (SIG): permits news trading.
- Can I hold positions overnight at Belvedere Trading or Susquehanna International Group (SIG)?
- Belvedere Trading: allows overnight holds. Susquehanna International Group (SIG): allows overnight holds.
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