Head-to-head
Clear Street Active Trading vs Five Rings
A direct, side-by-side comparison of Clear Street Active Trading and Five Rings — profit splits, evaluation fees, payout cadence, supported assets, and trading rules. Data pulled live from our firm directory.
Quick verdict
Clear Street Active Trading is best for
traders who prefer Firm Capital Model and a New York, NY, USA-based firm.
Full Clear Street Active Trading profile →Quick verdict
Five Rings is best for
news traders; swing traders holding overnight.
Full Five Rings profile →Not sure which fits?
Help me decide between Clear Street Active Trading and Five Rings
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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.
Clear Street Active 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.
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.
- Swing & overnight
Permits holding positions overnight.
| Attribute | Clear Street Active Trading Firm Capital Model · est. 2018 | 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 only |
| Account sizes | — | Institutional only |
| Scaling | — | — |
| Payouts | ||
| Frequency | — | Annual bonus |
| First payout | — | — |
| Assets | ||
| Futures | No | 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 | Clear Street Studio | Proprietary |
| Data feed | — | — |
| Company | ||
| Headquarters | New York, NY, USA | New York, USA |
About Clear Street Active Trading
Active Trading division of Clear Street, a cloud-native prime brokerage offering buying-power and capital programs for experienced equities and options traders trading the firm's capital under risk-managed agreements.
Full Clear Street Active 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
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 — Clear Street Active Trading or Five Rings?
- Five Rings pays 50% of trader profits once funded.
- Which pays out faster — Clear Street Active Trading or Five Rings?
- Clear Street Active Trading payouts: not published. Five Rings payouts: Annual bonus.
- Can I trade news at Clear Street Active Trading or Five Rings?
- Clear Street Active Trading: policy unconfirmed. Five Rings: permits news trading.
- Can I hold positions overnight at Clear Street Active Trading or Five Rings?
- Clear Street Active Trading: policy unconfirmed. Five Rings: allows overnight holds.
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