Head-to-head
Allston Trading vs Five Rings
A direct, side-by-side comparison of Allston Trading and Five Rings — profit splits, evaluation fees, payout cadence, supported assets, and trading rules. Data pulled live from our firm directory.
Quick verdict
Allston Trading is best for
traders who prefer Firm Capital Model and a Chicago, IL, USA-based firm.
Full Allston Trading profile →Quick verdict
Five Rings is best for
news traders; swing traders holding overnight.
Full Five Rings 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.
Allston 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.
Five Rings
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.
- Swing & overnight
Permits holding positions overnight.
| Attribute | Allston Trading Firm Capital · est. 2002 | Five Rings Firm Capital · est. 2014 |
|---|---|---|
| Cost | ||
| Evaluation fee | — | — |
| Monthly fee | — | — |
| Evaluation required | No | No |
| Instant funding | No | No |
| Capital | ||
| Profit split | — | 50% |
| 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 | Yes |
| Crypto | No | No |
| Trading rules | ||
| News trading | — | Yes |
| Overnight holding | — | Yes |
| Weekend holding | — | Yes |
| Copy trading | — | No |
| Technology | ||
| Platforms | Proprietary | Proprietary |
| Data feed | — | — |
| Company | ||
| Headquarters | Chicago, IL, USA | New York, USA |
About Allston Trading
Chicago-based high-frequency proprietary trading firm trading futures, equities, and options across global electronic markets.
Full Allston Trading profile →About Five Rings
Quantitative proprietary trading firm trading global financial products using sophisticated mathematical models and technology.
Full Five Rings 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 — Allston Trading or Five Rings?
- Five Rings pays 50% of trader profits once funded.
- Which pays out faster — Allston Trading or Five Rings?
- Allston Trading payouts: not published. Five Rings payouts: Annual bonus.
- Can I trade news at Allston Trading or Five Rings?
- Allston Trading: policy unconfirmed. Five Rings: permits news trading.
- Can I hold positions overnight at Allston Trading or Five Rings?
- Allston Trading: policy unconfirmed. Five Rings: allows overnight holds.
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