Head-to-head
Belvedere Trading vs TJM Investments
A direct, side-by-side comparison of Belvedere Trading and TJM Investments — 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
news traders; swing traders holding overnight.
Full Belvedere Trading profile →Quick verdict
TJM Investments is best for
traders who prefer Firm Capital and a Chicago, IL, USA-based firm.
Full TJM Investments 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.
- Belvedere Trading
regulatory action by the CFTC for market manipulation (spoofing)
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 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.
TJM Investments
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.
Belvedere Trading trade-offs
Open risk note
Watch flag on file: regulatory action by the CFTC for market manipulation (spoofing)
TJM Investments 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
50% vs —%
- News traders
Allows trading through news events.
- Swing & overnight
Permits holding positions overnight.
| Attribute | Belvedere Trading Firm Capital · est. 2002 | TJM Investments Firm Capital |
|---|---|---|
| Cost | ||
| Evaluation fee | — | — |
| Monthly fee | — | — |
| Evaluation required | No | No |
| Instant funding | No | No |
| Capital | ||
| Profit split | 50% | Negotiated |
| Max allocation | Institutional only | — |
| Account sizes | Institutional only | — |
| Scaling | — | — |
| Payouts | ||
| Frequency | Annual bonus | — |
| First payout | — | — |
| Assets | ||
| Futures | Yes | Yes |
| Stocks | Yes | Yes |
| Options | Yes | Yes |
| Forex | No | No |
| Crypto | No | No |
| Trading rules | ||
| News trading | Yes | — |
| Overnight holding | Yes | — |
| Weekend holding | Yes | — |
| Copy trading | No | — |
| Technology | ||
| Platforms | Proprietary | CQG, TT |
| Data feed | — | — |
| Company | ||
| Headquarters | Chicago, USA | Chicago, IL, 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 TJM Investments
Chicago-based proprietary trading and brokerage firm active in options, futures, and equity derivatives across the CME and CBOE.
Full TJM Investments 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 — Belvedere Trading or TJM Investments?
- Belvedere Trading pays 50% of trader profits once funded.
- Which pays out faster — Belvedere Trading or TJM Investments?
- Belvedere Trading payouts: Annual bonus. TJM Investments payouts: not published.
- Can I trade news at Belvedere Trading or TJM Investments?
- Belvedere Trading: permits news trading. TJM Investments: policy unconfirmed.
- Can I hold positions overnight at Belvedere Trading or TJM Investments?
- Belvedere Trading: allows overnight holds. TJM Investments: policy unconfirmed.
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