Vanquish Trader Review: Plans, Rules, and How It Compares

Vanquish Trader

Vanquish Trader is a United States based sim-to-fund proprietary trading firm built around options traders. The firm describes itself as the first prop firm to offer options and advanced options strategies. Its structure differs from most firms in this category in one important way: traders pay a recurring monthly subscription rather than a one-off evaluation fee, and that subscription continues after the evaluation is passed. Traders run a one-step evaluation on a simulated account, then move to what the firm calls a Performance Account, which pays 100% of profits. Accounts run on DXtrade XT via web, iOS and Android. PropFirmMap holds no founding date for Vanquish, and no year appears in the site footer or in the company's own Trustpilot blurb. The firm's Trustpilot profile was claimed in July 2024, which is a profile claim date and not a company founding date.

Plans and pricing

Vanquish sells two plan families, Options and Advanced Options, across five account sizes. Every plan is billed as a monthly subscription rather than a single evaluation purchase. The figures below are taken from the subscription tables published in the firm's own Terms and Conditions, and were confirmed against the plan catalogue rendered on the firm's homepage and plans page on 27 August 2026.

Both families share the same headline evaluation objective: a 10% profit target measured against a 5% maximum drawdown. The difference is how the drawdown is measured and what else the trader must satisfy. Options plans use an intraday trailing drawdown, where the loss limit trails in real time against the highest unrealised balance during the trading day, and require 10 trades to pass. Advanced Options plans use an end-of-day trailing drawdown, require a minimum of 4 trading days, and add a daily consistency requirement of 30%.

The firm's terms also publish a third rule set. A trader may select Stocks, Options, Futures, Forex or Crypto as the instrument for an account, and the Equities, Futures, Forex and Crypto rule set carries a 6% profit target against a 3% maximum drawdown, again with 10 trades to pass. That instrument choice is documented in the terms but is not exposed in the plan selector on the firm's homepage, which offers only the Options and Advanced Options views. PropFirmMap currently models the Options and Advanced Options rule sets only.

Failed evaluations can be reset without waiting for a new subscription month. The Options reset cost for the $10,000 plan is $49.00, and reset pricing for the Options family is published per account size in the terms. Reset pricing for the Advanced Options family is inconsistent between the firm's own surfaces: the terms table lists reset costs identical to the monthly subscription, while the plan catalogue served to the firm's website lists lower figures. PropFirmMap is not publishing an Advanced Options reset figure until the firm resolves that conflict.

Rules that matter

Vanquish operates without two constraints that are common elsewhere. There is no daily loss limit and there is no time limit on the evaluation. In exchange, several other rules are strict and apply both during the evaluation and on the funded Performance Account.

The consistency rule is the one to read carefully. In both the evaluation and the Performance Account, no single trade may account for 30% of total profits. On Advanced Options plans the same 30% figure is also applied per day, so no single trading day may account for more than 30% of accumulated profits. Overnight positions are not permitted at all: every trade must be closed by 3:59pm EST or it is auto-liquidated as a market order, and equities and options are tradeable from 9:30AM to 4:00PM EST. There is no margin. SPX, XSP and VIX may only be traded long as single-leg calls or puts, with no spreads and no selling to open.

On the Performance Account there is no profit target, the 5% trailing loss limit continues to apply until the buffer is reached, and the minimum payout is $250. Payout requests are available daily once the trader is eligible, and must be affirmatively requested. Vanquish may require government-issued identification before releasing a payout, and the account name must match that identification.

Pros and cons

Pros

• 100% profit split on the Performance Account, with the firm stating there are no payout caps and no scaling tiers.
• No daily loss limit and no time limit on the evaluation, so a trader is not forced into a fixed schedule.
• Payout requests are available daily once eligibility is met, with a $250 minimum and no activation fee charged after passing.

Cons

• Participation is restricted to legal residents of the 50 United States and DC who are at least 18 years of age, excluding U.S. territories and possessions.
• The monthly subscription must continue to be paid after the evaluation is passed in order to keep the Performance Account, at $99.00 to $1499.00 per month depending on plan.
• The 30% consistency rule applies on the funded account as well as the evaluation, and no overnight positions are permitted on any plan.

How Vanquish compares

Vanquish sits in a small group of firms PropFirmMap classifies under the stocks asset class. The figures below are drawn from the PropFirmMap database as of 27 August 2026 and describe the advertised entry and ceiling prices for each firm's published plans.

Two differences are worth drawing out. First, the profit split comparison is not like for like on cost. Vanquish pays 100% but charges every month for as long as the account is held, whereas Trade The Pool and Imperial Trader Funding charge for the evaluation and retain a share of profits afterwards. A trader holding a funded account for a year will pay Vanquish twelve times, and the correct comparison is total annual cost against retained profit share, not the headline percentage.

Second, review volume differs by an order of magnitude. Trade The Pool carries 794 Trustpilot reviews against Vanquish's 113, and Vanquish's Trustpilot profile shows 109 of its 113 reviews were left in the last 12 months, so its score reflects a recent and still-growing cohort rather than a long track record. Vanquish carries a PropFirmMap safety grade of C, below Trade The Pool's A+ and above Imperial Trader Funding's D.

Verdict

Vanquish Trader is a fit for United States resident options traders who want a 100% profit split and are comfortable with a recurring monthly cost rather than a single evaluation fee. The absence of a daily loss limit and of any time limit gives real flexibility during the evaluation, and the firm is unusually direct in publishing its own 10% to 12% pass rate estimate. The constraints are equally clear: the subscription never stops, the 30% consistency rule follows the trader onto the funded account, overnight positions are prohibited outright, and traders outside the 50 United States and DC are not eligible at all. Traders comparing options should model the twelve-month subscription cost at their intended account size before committing, and should confirm current pricing and rules on the firm's own site at the point of purchase.

Sources verified 27 August 2026: vanquishtrader.com/terms (plan pricing, reset costs, eligibility, pass rate estimate, risk rule tables, consistency and payout rules), vanquishtrader.com (plan catalogue, drawdown types, trading hours, platform), and Trustpilot (rating and review count). Competitor figures are from the PropFirmMap database as of the same date.