Rapid Elite gives you more breathing room during the trading day. Your loss limit only moves up once a day, after the close, so an AMZN call that spikes at 11 a.m. and settles back by lunch doesn’t drag your limit up with it.
In return, the plan asks you to spread your profit out. A 50% daily consistency rule means no single day can carry your account, and in practice you’ll need at least three trading days to pass. This page walks through every Rapid Elite rule, from the Evaluation to your first payout.
For a side-by-side look at all four plans, start with our Vanquish Trader rules overview.
Who Rapid Elite is for
Rapid Elite suits traders who let positions breathe. If you buy calls on a name like ARM or AVGO and expect some chop before the move plays out, an end-of-day drawdown is far more forgiving than one that trails every tick.
It also fits traders who build results steadily rather than in one burst. If your typical week is a handful of solid days instead of one huge winner, the consistency rule won’t feel like a constraint at all.
If you’d rather pass on day one and don’t mind a limit that follows your equity in real time, Rapid Express has the same 9% target and 3% drawdown with no consistency rule.
Rapid Elite pricing and account sizes
Rapid Elite is billed monthly, from $99 for a $10,000 account to $699 for $150,000. The fee covers both the Evaluation and the Performance Account for as long as the account is active.
Account size | Monthly price | Reset cost | Profit target (9%) | Loss limit (3%) |
|---|---|---|---|---|
$10,000 | $99 | $45 | $900 | $300 |
$50,000 | $299 | $149 | $4,500 | $1,500 |
$75,000 | $449 | $225 | $6,750 | $2,250 |
$100,000 | $599 | $299 | $9,000 | $3,000 |
$150,000 | $699 | $349 | $13,500 | $4,500 |
A breach doesn’t mean waiting for your next billing date. You can reset right away for the cost above and pick up where you left off, with no time limit on the Evaluation.
Rapid Elite Evaluation rules
To pass, you need a 9% profit on closed trades, with your best day making up less than 50% of your total profit, and your equity never touching the loss limit. There’s no daily loss limit and no deadline.
Profit target: 9%
Your target is 9% of your starting balance: $900 on a $10,000 account, up to $13,500 on $150,000. Only closed trades count toward it, so profit sitting in an open position doesn’t move you closer until you sell.
Maximum drawdown: 3%
Your maximum drawdown is 3% of your starting balance, or $300 on a $10,000 account. That figure is the gap between your loss limit and your highest end-of-day equity.
How the end-of-day drawdown works
Your loss limit moves up once a day, after market close, based on where your equity finished. Highs during the session don’t count, and the limit never moves down.
The limit itself is live all day, though. If your equity, open trades included, touches it at any moment, the account is breached. End of day only changes when the limit moves, not when it’s enforced.
Here’s a $10,000 account over three days:
Day | What happens | End-of-day equity | Loss limit after close |
|---|---|---|---|
Start | Account opens | $10,000 | $9,700 |
1 | HOOD calls run to $10,350 midday, and you close the day at $10,200 | $10,200 | $9,900 |
2 | A small losing day | $10,050 | $9,900 |
3 | An open SPY put drops your equity to $9,900 before lunch | n/a | Breached |
On day 1, the limit moved to $9,900 based on the $10,200 close, not the $10,350 high. On an intraday trailing plan, that same day would have pushed it to $10,050. Our guide to trailing drawdown goes deeper into how the different drawdown types compare.
The daily consistency rule: 50%
No single day can make up 50% or more of your total profit. You work it out by dividing your best day by your total profit, and losing days count against the total.
If you hit the profit target while your consistency is 50% or higher, you haven’t failed. You just keep trading until it drops below 50%. Say you’re on a $10,000 Evaluation:
Day | Profit or loss | Running total |
|---|---|---|
1 | +$500 | $500 |
2 | +$150 | $650 |
3 | −$100 | $550 |
4 | +$350 | $900 |
You’ve hit the $900 target, but your best day ($500) is 55.6% of the total. A $150 day 5 takes your total to $1,050 and your consistency to 47.6%, and you’ve passed. A quick way to check yourself: double your best day, and that’s the total profit you need to beat.
Rapid Elite’s version is a daily rule, which works differently from the per-trade cap on Basic Options. Our consistency rule explainer sets the versions side by side, and the Rapid Elite section of our Help Center has more worked examples.
Why you need at least three trading days
There’s no minimum number of trading days on paper, but the consistency rule sets one in practice. With only two days, your better day is always at least half your total. Two $450 days on a $10,000 account hit the target, but each is exactly 50%, which isn’t below it. You’ll need a third day.
Other Evaluation rules
- No daily loss limit. Only your loss limit applies.
- No time limit. Take as long as you need.
- No overnight positions. Close everything by 3:59 p.m. ET, or it’s closed automatically at market.
- No withdrawals. Evaluation profit can’t be paid out. Payouts come from your Performance Account.
Rapid Elite Performance Account rules
Once you pass, there’s no profit target to chase. Your loss limit keeps trailing your end-of-day equity until you reach the Buffer, and the 50% daily consistency rule carries over, this time as a condition for each payout rather than for passing. If the switch from Evaluation to funded is new to you, here’s how the two account stages differ.
The Buffer
The Buffer sits 5.75% above your starting equity. Close a day at or above it, and your loss limit locks permanently at 2.75% above your starting equity.
Account size | Buffer | Locked loss limit |
|---|---|---|
$10,000 | $10,575 | $10,275 |
$50,000 | $52,875 | $51,375 |
$75,000 | $79,312.50 | $77,062.50 |
$100,000 | $105,750 | $102,750 |
$150,000 | $158,625 | $154,125 |
Because Rapid Elite checks the Buffer at the close, the end-of-day number is the only one that counts. If your $10,000 account trades up to $10,700 during the session but finishes at $10,500, you haven’t reached it. Close at $10,600 the next day, and your limit locks at $10,275, not $10,300. From there it never moves, whether your account grows or you take money out.
The Buffer works differently on each plan. Rapid Express, for example, checks it in real time. Our guide to how the Buffer works covers every version.
Rapid Elite payouts
You can request a payout when two things are true: you have at least $250 in profit, and your daily consistency is below 50%. You keep 100% of what you withdraw, and the average payout lands in about 15 minutes.
Consistency starts fresh after every payout, and it takes at least three trading days to get back below 50%. That makes your payout rhythm at most once every three trading days. Only one request is allowed per day across all your accounts.
You don’t have to reach the Buffer before your first payout, but it’s worth aiming for. A withdrawal lowers your equity while your loss limit stays put. If your $10,000 account sits at $10,800 with the limit locked at $10,275, taking $500 leaves you only $25 of room. Withdraw the full $800 and you’ll get paid, but the account is breached. Every plan handles this the same way, and our payout rules page lays out the details for all four.
What you can trade on Rapid Elite
Rapid Elite allows long calls and long puts on any ticker, from single stocks like NFLX and AVGO to index and ETF products like SPX, XSP and Q. You buy to open and sell to close. Spreads, multi-leg strategies and selling to open aren’t allowed, and everything has to be closed by 3:59 p.m. ET. The same permissions apply in the Evaluation and on the Performance Account.
If you want to sell premium or run something like an iron condor, you’ll need Advanced Options, which allows Level 4 options. You trade on DxTrade, from the web, iOS or Android.
Rapid Elite rules FAQ
What is the Rapid Elite consistency rule?
Your best day must be less than 50% of your total profit. It applies when you pass the Evaluation and every time you request a payout. Breaking it never breaches your account; you just keep trading until it comes down.
How many days does it take to pass Rapid Elite?
At least three. There’s no formal minimum, but with two days your better day is always at least half your total, so the consistency rule can’t be met.
Can I be breached during the day on Rapid Elite?
Yes. The loss limit only moves at the close, but it applies all day. If your equity, including open trades, reaches it at any point, the account is breached.
Does a losing day reset my loss limit?
No. Your loss limit never moves down, and it carries over from one day to the next. A losing day leaves you with less room the following morning.
How often can I get paid on Rapid Elite?
At most once every three trading days, because your consistency resets after each payout. You need at least $250 in profit and consistency below 50% each time.
Do I keep paying after I pass?
Yes. The monthly fee continues on the Performance Account for as long as it’s active.
Rapid Elite or Rapid Express: which should I choose?
Both have a 9% target, a 3% drawdown and long-only permissions. Pick Rapid Elite if your trades swing during the day and your profits build steadily. Pick Rapid Express if you want to pass fast and keep tight control of open positions.
Compare with other plans
- Rapid Express plan rules: intraday trailing drawdown and no consistency rule
- Basic Options plan rules: 10% target, 5% intraday trailing drawdown, 10 trades minimum
- Advanced Options plan rules: Level 4 options, including spreads and selling to open
Ready to start? Pick your account size on the plans page.
