Summary: Rapid, reliable and affordable diagnostic means are indispensable for the diagnosis and treatment of malaria. Recently, immunochromatographic rapid tests (RDT) for the detection of malaria parasites in blood have been developed as an alternative to conventional diagnosis with light microscopy. Currently available tests target different Plasmodium‐specific antigens, and some RDTs also allow the differentiation of malaria tropica (P. falciparum) from the other forms. The performance RDTs in terms of sensitivity, specificity, positive and negative predictive value, and reliability is discussed. For most parameters, various studies have shown an acceptable or good test performance. Of concern is the failure of RDTs to diagnose individual cases of high parasitemia. In highly endemic regions, the utility of RDTs is limited. In these regions, the widespread prevalence of asymptomatic parasitemia leads to a high rate of false positive test results. RDTs seem to be most useful in areas with low to moderate malaria transmission, especially in the presence of multiple drug resistance. They are useful in the management of malaria outbreaks within populations with a low degree of malaria specific immunity. RDTs can help inexperienced hospital staff in non‐endemic regions to diagnose cases of imported malaria. The self‐use of RDTs by travellers is subject to controversy. In conclusion, RDTs are an additional tool for the diagnosis of malaria but in most settings do not replace light microscopy.