Head-to-head
Spot Trading vs Tibra Capital
A direct, side-by-side comparison of Spot Trading and Tibra Capital — profit splits, evaluation fees, payout cadence, supported assets, and trading rules. Data pulled live from our firm directory.
Quick verdict
Spot Trading is best for
traders who prefer Firm Capital Model and a Chicago, IL, USA-based firm.
Full Spot Trading profile →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.
Spot 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.
Tibra Capital
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
50% vs —%
- News traders
Allows trading through news events.
| Attribute | Spot Trading Firm Capital Model · est. 1999 | Tibra Capital Firm Capital Model · est. 2006 |
|---|---|---|
| Cost | ||
| Evaluation fee | — | — |
| Monthly fee | — | — |
| Evaluation required | No | No |
| Instant funding | No | No |
| Capital | ||
| Profit split | — | 50% |
| Max allocation | Firm Capital | Firm capital |
| Account sizes | Firm Capital | Firm capital |
| Scaling | — | — |
| Payouts | ||
| Frequency | Quarterly | Annual |
| First payout | — | — |
| Assets | ||
| Futures | No | Yes |
| Stocks | Yes | Yes |
| Options | Yes | Yes |
| Forex | No | No |
| Crypto | No | No |
| Trading rules | ||
| News trading | — | Yes |
| Overnight holding | Yes | Yes |
| Weekend holding | Yes | Yes |
| Copy trading | No | No |
| Technology | ||
| Platforms | Internal | Proprietary |
| Data feed | — | — |
| Company | ||
| Headquarters | Chicago, IL, USA | Sydney, Australia |
About Spot Trading
Options-focused proprietary trading and market-making firm.
Full Spot Trading profile →About Tibra Capital
Australian proprietary trading firm trading equity derivatives and index products across Asia-Pacific and global exchanges.
Full Tibra 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
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 — Spot Trading or Tibra Capital?
- Tibra Capital pays 50% of trader profits once funded.
- Is Spot Trading cheaper to start than Tibra Capital?
- Spot Trading: evaluation from —. Tibra Capital: evaluation pricing varies.
- Which pays out faster — Spot Trading or Tibra Capital?
- Spot Trading payouts: Quarterly. Tibra Capital payouts: Annual. First-payout eligibility: Spot Trading — —; Tibra Capital — n/a.
- Can I trade news at Spot Trading or Tibra Capital?
- Spot Trading: policy unconfirmed. Tibra Capital: permits news trading.
- Can I hold positions overnight at Spot Trading or Tibra Capital?
- Spot Trading: allows overnight holds. Tibra Capital: allows overnight holds.
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