Rhodium FX Review 2026

Rhodium FX sells evaluation challenges that lead to simulated funded accounts. Its pages name the operator as RHODIUM FX – FZCO, registered in Dubai Silicon Oasis. The FAQ says Rhodium FX was founded in 2021 as a trading education brand. The firm states that it is not a licensed or regulated financial services provider.

The Classic Challenge is a two-phase evaluation with a 7% target in Phase 1 and 6% in Phase 2. The Fast Track Challenge has a single phase with a 10% target. The homepage also lists a Legacy programme and a Rhodium Executive Club marked "by invitation only"; we could not capture pages for either. Every challenge runs on Match-Trader. The standard profit split is 80%, and a Profit Split Booster added at checkout lifts it to 90% on selected account sizes.

Everything in this review comes from Rhodium FX's own web pages, saved on 10 October 2026. Rules and prices change, so check the firm's site before you buy.

The Classic Challenge is the firm's two-phase evaluation. Passing both phases makes a trader eligible for a funded account of the same size. The Classic page lists account sizes from $5K to $100K and says the challenge fee is the only thing you pay, as a one-time payment. The FAQ also describes a one-time evaluation fee.

The Challenges page also shows a $200 figure; our saved copy does not show which account it belongs to. The Fast Track page shows a $22 figure, but our saved copy does not show what it refers to, so we have not listed Fast Track prices. The FAQ says funded account sizes range from $1,500 to $100,000, and that the funded account size depends on the challenge selected and performance during the evaluation.

A trader who fails can try again by buying another challenge. The FAQ also mentions discounted retries for returning traders who came close to meeting the objectives. The Terms of Use say resets or extensions, if offered, are discretionary. The homepage says there are no deadlines.

Classic Challenge

The Classic page asks for a minimum of 3 trading days across the evaluation. The Terms of Use also describe a two-phase structure — Phase 1 (Initiate) with a 7% target and Phase 2 (Intern) with a 6% target — each with a minimum of 3 trading days; our saved copy does not name the programme these phases belong to. A trading day counts once one trade is placed that day, and the day resets at 00:00 UTC. The Classic page says overnight and weekend positions are allowed.

Fast Track Challenge

The Terms of Use say the Fast Track Challenge consists of a single evaluation phase. The Fast Track page says there is no minimum trading day requirement and no second fee. The terms say there is no maximum per-trade risk cap on Fast Track accounts, in the evaluation or the funded stage. The Fast Track page shows leverage of 1:50. The page says Fast Track funded accounts run on the same rules and payout structure as every other Rhodium account.

Leverage

The Terms of Use say maximum leverage during the evaluation is 1:50 and that all funded accounts operate at a maximum of 1:30. The Challenges page also gives 1:30 on funded accounts.

How the loss limits are measured

The Terms of Use set out daily loss limits of 3%, 5% and 4%, each measured as combined closed and unrealised P/L against the greater of start-of-day balance or equity. They set maximum loss limits of 9%, 10% and 7% of the initial account balance, inclusive of floating P/L. Our saved copy of the terms does not label which programme each limit belongs to; the 3% and 9% figures match the Fast Track page, and the 5% and 10% figures match the Classic page. The terms describe a maximum loss as a fixed floor measured from the starting balance that does not trail the peak balance; our saved copy does not show which programme(s) that sentence covers, though all three maximum-loss limits are stated as a percentage of the initial account balance. The terms also set out a three-phase structure with targets of 4%, 5% and 6% and no minimum trading days; our saved copy does not name the programme, and we could not capture the Legacy page.

The FAQ says the firm allows most trading styles, but that copy trading, arbitrage and exploiting platform latency are not permitted. It also says all trades must be made by the trader themselves.

The Terms of Use list the rules below. Our saved copy does not show whether each one applies to every programme, so check the terms for your account before trading.

• Opening or modifying positions from 15 minutes before until 5 minutes after a High-Impact News event is prohibited; positions may be closed to reduce risk, profits realised in the window may be reduced or voided, and losses stand.
• Strategies with extremely short holding times, excessive order messages or HFT behaviour are prohibited.
• Any EA, trade copier, bot, API automation or signal mirroring is not allowed.
• Hedging of any kind is not allowed, including long and short positions on the same or highly correlated symbols.
• Any progressive sizing strategy that materially increases risk after losses is prohibited.
• Latency, gap, triangular, long-short or cross-broker arbitrage, and exploiting data or execution discrepancies, are prohibited.
• No more than two open positions across all instruments and accounts at any time.
• Every trade must have a Stop Loss and a Take Profit set.
• Across the trades reviewed, the average winning trade must be bigger than the average losing trade, and a pass driven mainly by one or two unusually large wins may require a redo of the current phase.
• Maximum risk per trade must not exceed 2% of current equity (the terms separately exempt Fast Track accounts from any per-trade risk cap).

The standard profit split is 80% on every Classic size. The Profit Split Booster, added at checkout, lifts the split to 90% on selected sizes; it is not available on $100K accounts. The Challenges page and the Terms of Use say it is not available on Fast Track challenges either. The Fast Track page gives an 80% split. Our saved pages do not show whether the Booster costs extra.

The Classic and Challenges pages say the first payout is processed 14 days after the first trade on a funded account, and bi-weekly after that. The Terms of Use instead say the first payout becomes available 14 days after funded account activation, with a bi-weekly cycle from the second payout onward. The two wordings differ on when the 14 days start.

The Terms of Use add these payout conditions:

• Before each payout, a trader must have at least 3 profit days; a profit day is one where net closed P/L reaches at least +1% of the account balance by 23:59 UTC.
• The FAQ says the profit-day requirement applies only to funded accounts, not to the evaluation phases.
• There is no minimum or maximum payout amount per cycle.
• Approved payouts are processed within 48 hours, Monday to Friday; requests made at weekends or on public holidays are queued to the next business day.
• Payouts are subject to KYC/AML checks.

The FAQ says payouts can be withdrawn via crypto. On scaling, the Terms of Use say consistent rule-compliant performance may qualify for scaling under the then-current scaling policy; we could not see that policy.

Challenges run on Match-Trader, which the firm describes as web-based and mobile-friendly. The firm advertises low spreads and zero swaps. The FAQ says traders can access a wide range of forex pairs, as well as gold, silver and major indices. The Terms of Use say platforms, data feeds and payment processors are provided by third parties.

The firm's pages say Rhodium FX is operated by RHODIUM FX – FZCO, company registration number 60279, with its registered address at Building A1, Dubai Digital Park, Dubai Silicon Oasis, Dubai, United Arab Emirates. The firm says it is not a licensed or regulated financial services provider and holds no brokerage, clearing or financial services licence in any jurisdiction.

All accounts are demo accounts in a simulated trading environment, and no trades are executed on live markets. The trader's sole entitlement is the contractual profit share calculated from the simulated account equity. The firm says it does not act as a broker and does not accept deposits from clients.

Fees are non-refundable once paid, except where required by applicable law. The FAQ says some countries are restricted from participating; we could not capture the restricted-countries list. The Terms of Use add that participation may be restricted where prohibited by law or sanctions.

Rhodium FX may suit forex traders who want a single-phase evaluation with no minimum trading days (Fast Track) or a two-phase evaluation with lower per-phase targets of 7% and 6% (Classic), and who are happy to trade on Match-Trader. Traders who rely on EAs, copy trading or hedging should note that the Terms of Use do not allow them.

MyPropGenius Rating: Not yet rated — no Transparency Index score yet

The rating measures how openly Rhodium FX discloses its rules, pricing, payouts and ownership (our Transparency Index methodology). It does not measure how likely you are to pass or be paid.