Head-to-head
Tower Research Capital vs WH Trading
A direct, side-by-side comparison of Tower Research Capital and WH Trading — profit splits, evaluation fees, payout cadence, supported assets, and trading rules. Data pulled live from our firm directory.
Quick verdict
WH Trading is best for
traders who prefer Firm Capital Model and a Chicago, IL, USA-based firm.
Full WH 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.
Tower Research 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.
WH 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.
Decision guide
Best for your trader type
- Highest profit share
50% vs —%
- News traders
Allows trading through news events.
| Attribute | Tower Research Capital Firm Capital · est. 1998 | WH Trading Firm Capital · est. 1993 |
|---|---|---|
| Cost | ||
| Evaluation fee | — | — |
| Monthly fee | — | — |
| Evaluation required | No | No |
| Instant funding | No | No |
| Capital | ||
| Profit split | 50% | — |
| Max allocation | Institutional only | Firm Capital |
| Account sizes | Institutional only | Firm Capital |
| Scaling | — | — |
| Payouts | ||
| Frequency | Annual bonus | Quarterly |
| First payout | — | — |
| Assets | ||
| Futures | Yes | Yes |
| Stocks | Yes | Yes |
| Options | Yes | Yes |
| Forex | Yes | No |
| Crypto | No | No |
| Trading rules | ||
| News trading | Yes | — |
| Overnight holding | Yes | Yes |
| Weekend holding | Yes | Yes |
| Copy trading | No | No |
| Technology | ||
| Platforms | Proprietary | Internal, CQG |
| Data feed | — | — |
| Company | ||
| Headquarters | New York, USA | Chicago, IL, USA |
About Tower Research Capital
Quantitative proprietary trading firm and global market maker founded by Mark Gorton. Operates high-frequency strategies across equities, futures, options, and currencies from offices in New York, London, and across Asia.
Full Tower Research Capital profile →About WH Trading
Multi-asset proprietary firm with desks in futures, options and physical commodities.
Full WH Trading 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 — Tower Research Capital or WH Trading?
- Tower Research Capital pays 50% of trader profits once funded.
- Is Tower Research Capital cheaper to start than WH Trading?
- Tower Research Capital: evaluation pricing varies. WH Trading: evaluation from —.
- Which pays out faster — Tower Research Capital or WH Trading?
- Tower Research Capital payouts: Annual bonus. WH Trading payouts: Quarterly. First-payout eligibility: Tower Research Capital — n/a; WH Trading — —.
- Can I trade news at Tower Research Capital or WH Trading?
- Tower Research Capital: permits news trading. WH Trading: policy unconfirmed.
- Can I hold positions overnight at Tower Research Capital or WH Trading?
- Tower Research Capital: allows overnight holds. WH Trading: allows overnight holds.
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