Head-to-head
Capula Investment Management vs Five Rings
A direct, side-by-side comparison of Capula Investment Management and Five Rings — profit splits, evaluation fees, payout cadence, supported assets, and trading rules. Data pulled live from our firm directory.
Quick verdict
Capula Investment Management is best for
traders who prefer Firm Capital Model and a London, UK-based firm.
Full Capula Investment Management 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.
Capula Investment Management
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.
Five Rings
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 | Capula Investment Management Firm Capital Model · est. 2005 | Five Rings Firm Capital Model · est. 2014 |
|---|---|---|
| Cost | ||
| Evaluation fee | — | — |
| Monthly fee | — | — |
| Evaluation required | No | No |
| Instant funding | No | No |
| Capital | ||
| Profit split | — | 50% |
| Max allocation | Institutional | Institutional only |
| Account sizes | Institutional | Institutional only |
| Scaling | — | — |
| Payouts | ||
| Frequency | Quarterly | Annual bonus |
| First payout | — | — |
| Assets | ||
| Futures | Yes | Yes |
| Stocks | Yes | Yes |
| Options | Yes | Yes |
| Forex | Yes | Yes |
| 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 | London, UK | New York, USA |
About Capula Investment Management
Global fixed income relative value hedge fund managing tens of billions in firm and client capital.
Full Capula Investment Management 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
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.
Frequently asked
Common questions
- Which has a higher profit split — Capula Investment Management or Five Rings?
- Five Rings pays 50% of trader profits once funded.
- Is Capula Investment Management cheaper to start than Five Rings?
- Capula Investment Management: evaluation from —. Five Rings: evaluation pricing varies.
- Which pays out faster — Capula Investment Management or Five Rings?
- Capula Investment Management payouts: Quarterly. Five Rings payouts: Annual bonus. First-payout eligibility: Capula Investment Management — —; Five Rings — n/a.
- Can I trade news at Capula Investment Management or Five Rings?
- Capula Investment Management: policy unconfirmed. Five Rings: permits news trading.
- Can I hold positions overnight at Capula Investment Management or Five Rings?
- Capula Investment Management: allows overnight holds. Five Rings: allows overnight holds.
Still deciding?
Get a personalized firm match
A short quiz about your trading style, account size, and goals — we'll rank Capula Investment Management, Five Rings, and every other firm in our database by fit.
Find my firm match →