Objective: 10%
No maximum time
Minimum of 4 trading days
Daily Drawdown: 4% (The account cannot lose more than 4% of the floating equity if there is an open position; otherwise, 4% of the closed balance with which it starts each day. This limit resets daily.)
Maximum Drawdown 6% (Static) (The account (balance/equity) cannot fall more than 6% from the initial balance with which the account was purchased; this limit is static and does not move.)
Static Drawdown Payment Split: 80% - 20%
Maximum risk per trading idea: 50% of the daily drawdown
Inactivity time: 30 days
EAs (Expert Advisors): Allowed
30 days for the first withdrawal, 10 days for subsequent withdrawals from account activation.
Stop Loss (SL): All trades must have the Stop-Loss (SL) added within a maximum of two minutes from the time the position is opened.
It condenses the path to funding into a single evaluation. The goal is to achieve a 10% profit with a 4% daily loss limit and a 6% static maximum drawdown.
For what type of trader?
Traders who want to secure funding by passing a single evaluation. Rapid focuses the objective on a single 10% target, eliminating the need for a second phase and simplifying the path to a funded account.
Key point
Rapid prioritizes structural speed: a single phase. It is a great option for traders who prefer to pass just one evaluation and focus their goal on a single stage.