By Alex Firdaus · Updated June 2026 · Data checked June 18, 2026
Rhodium FX Review 2026: Coupon Code, Rules, Payouts and Fees
Quick verdict: Rhodium FX is a Dubai-based prop firm built on a 2-phase evaluation model with no time limits, a 10% static drawdown, and payouts processed in under 48 hours. Accounts run from $5K to $100K with fees from $40 to $419. The base profit split is 80%, upgradeable to 90% at checkout. Match-Trader is the only platform. The firm is run by Philip H. van den Berg, a former brokerage COO with over a decade in the forex industry. It is a newer firm — established 2025 — with a small but positive early review record. Use coupon code FT25 for 25% off your challenge fee.
Use code FT25 at checkout for 25% off any Rhodium FX challenge fee.
Table of Contents
Overview: What is Rhodium FX?
Rhodium FX is a proprietary trading firm registered in Dubai, UAE as RHODIUM FX FZCO (company number 60279, Dubai Silicon Oasis, Dubai Digital Park). The firm was founded by Philip H. van den Berg, who previously served as Chief Operating Officer at forex brokerages and worked directly with traders for over a decade before launching Rhodium FX in 2025.
The model is a standard 2-phase evaluation: traders pay a one-time fee, pass two phases with defined profit targets and risk limits, then receive a funded account and keep 80% to 90% of profits. There are no time deadlines on either phase — traders can take as long as they need to reach their targets, as long as they stay within the drawdown limits.
Account sizes run from $5,000 to $100,000. The platform is Match-Trader with TradingView charts built in. Payouts are processed in under 48 hours. The firm has been featured in Finance Magnates and on Forex Factory, and is listed on FundedTrading.com.
Rhodium FX Coupon Code: FT25 (25% Off)
FundedTrading Exclusive: 25% Off Any Challenge
Apply coupon code FT25 at checkout to save 25% on any Rhodium FX challenge fee. Works on all account sizes from $5K to $100K.
Offer: 25% off your challenge fee. Applied at checkout before purchase.
After applying the discount, the $40 Junior ($5K) challenge drops to $30. The $149 Silver ($25K) drops to around $112. The $419 Platinum ($100K) drops to around $314. The 25% discount applies to the Phase 1 fee only — Phase 2 is paid separately at the standard rate if you advance.
Challenge Fees and Account Sizes
Rhodium FX offers five account sizes, each with identical rules and profit targets. All tiers use a 2-phase evaluation. Fees below are for the Classic Challenge (Phase 1 entry fee). Phase 2 is paid separately when you advance. All figures are in USD. The $100K Platinum account has a fixed 80% profit split; all others can be upgraded to 90% at checkout with the Profit Split Booster.
| Account Name | Account Size | Phase 1 Fee | Phase 2 Fee | Phase 1 Target | Phase 2 Target | Max Drawdown |
|---|---|---|---|---|---|---|
| Junior | $5,000 | $40 | – | 7% | 6% | 10% |
| Bronze | $10,000 | $79 | – | 7% | 6% | 10% |
| Silver | $25,000 | $149 | $159 | 7% | 6% | 10% |
| Gold | $50,000 | $249 | – | 7% | 6% | 10% |
| Platinum | $100,000 | $419 | – | 7% | 6% | 10% |
There is also a limited-availability HeadStart challenge, which allows entry for a reduced upfront fee with the full Phase 1 fee deferred to Phase 2. As of June 2026, these are sold out. The HeadStart batch is released periodically — check the Rhodium FX challenges page for availability.
Trading Rules and Risk Parameters
Rhodium FX rules apply equally across all account sizes. The same parameters govern both the evaluation phases and the funded account, with one change: leverage drops from 1:50 during evaluation to 1:30 on funded accounts.
Risk Rules
| Rule | Limit | How It Works |
|---|---|---|
| Max Daily Loss | 5% | Closed P/L plus unrealized P/L cannot breach 5% of start-of-day balance or equity (whichever is higher). Resets at 00:00 UTC. |
| Max Total Loss | 10% | Static drawdown from the initial account balance. Balance/equity must not fall below 10% of the opening balance at any point, including floating. |
| Per-Trade Risk Cap | 2% | Maximum risk per single trade is 2% of current equity. Splitting entries across tickets or symbols to exceed 2% counts as one trade. |
| Max Open Positions | 2 | No more than two open positions at any time across all instruments. Pending orders are allowed only if, when triggered, they will not create more than two open positions. |
| Leverage (Evaluation) | 1:50 | Maximum available leverage during Phase 1 and Phase 2. |
| Leverage (Funded) | 1:30 | Leverage is reduced to 1:30 once a funded account is issued. |
| Min Trading Days | 3 per phase | You must trade on at least 3 calendar days per phase before requesting a review. Funded accounts also require 3 profit days per payout cycle. |
Allowed and Prohibited Styles
News Trading Rule
Rhodium FX bans opening or modifying positions within 15 minutes before and 5 minutes after a high-impact news event. Closing a position to reduce risk during this window is allowed. High-impact events include central bank rate decisions, CPI, Non-Farm Payrolls, GDP, PMI, retail sales, and unemployment releases. Any event flagged as High or Red on a standard economic calendar qualifies. Profits from restricted-window trades may be removed. Repeated violations can result in account termination.
Consistency Rule
Rhodium FX applies a consistency check at Phase 2 completion. Your average winning trade must exceed your average losing trade across the review sample. If your pass is driven primarily by one or two unusually large wins, the Risk Team may require you to redo the current phase. The top 5% of trades by absolute P/L may be excluded as outliers when reviewing consistency. This rule is designed to confirm repeatable edge — not to penalize standard trading.
Platform: Match-Trader with TradingView Charts
Rhodium FX runs on Match-Trader, a web-based platform that requires no download. It works on desktop browsers and has a mobile app available by adding the portal to your home screen. TradingView charts are built directly into the platform at no extra cost.
Match-Trader was named Best Trading Platform at Forex Expo Dubai 2025. It supports advanced order types, real-time equity and margin monitoring, one-click risk controls, and integrated news timing tools to help traders manage the high-impact news window rule.
Spreads on major forex pairs start from 0.1 pips. Gold (XAU/USD) spreads frequently go below 1 pip, which is relevant for scalpers targeting gold. There are no swap fees on evaluation or funded accounts.
Payouts and Profit Split
Rhodium FX pays 80% of profits by default. Traders can upgrade to a 90% split by adding the Profit Split Booster at checkout before purchasing their challenge. The Platinum ($100K) account is listed at a fixed 80% split on its challenge page, with no Booster option shown at checkout.
Payout Schedule
| Payout Stage | When Available | Conditions |
|---|---|---|
| First payout | 14 days after funded account activation | Minimum 3 trading days and 3 profit days on the funded account |
| Subsequent payouts | Weekly cycle | Same 3 trading days and 3 profit days per cycle |
| Processing time | Under 48 hours | After payout request is submitted and KYC/AML is complete |
Payouts are subject to KYC and AML checks. Traders need to complete identity verification before their first withdrawal is processed. Rhodium FX does not publish a minimum payout threshold on their public site — this is shown inside the portal after your funded account is activated.
Challenge Fee Refund
Challenge fees are non-refundable. If you fail Phase 1 or Phase 2, you will need to purchase a new challenge to try again. Rhodium FX has mentioned discounted retries for returning traders who came close to meeting phase objectives — check with their support team for current availability.
Payment Methods
Rhodium FX processes challenge fee payments through two third-party providers. Payout methods for funded traders are not publicly listed on the site — contact support or check the portal after account activation for your region’s available withdrawal options.
Is Rhodium FX Legit?
Rhodium FX is a registered entity: RHODIUM FX FZCO, company number 60279, located at Building A1, Dubai Digital Park, Dubai Silicon Oasis, Dubai, United Arab Emirates. The company registration is publicly disclosed in their footer on every page.
The founder, Philip H. van den Berg, is named publicly and has a verifiable background in the forex industry spanning brokerage roles from 2018 onward, including COO positions. He has been quoted in a March 2026 Finance Magnates article on the gold trading payout crisis in the prop industry, which adds a layer of public accountability rarely seen from newer firms.
Trustpilot shows a 4-star rating from 3 verified reviews as of June 2026. The review count is small — this is a newer firm launched in 2025. All three reviews are positive, citing fast payouts, low spreads, and responsive support. The firm also collects reviews on Thentick. There are no complaint threads, payout denial reports, or scam allegations in public forums as of the time this review was written.
Rhodium FX explicitly states in their terms that evaluation accounts use simulated environments. Funded accounts involve capital managed by the firm. This is standard and consistent with how most prop firms operate.
The firm has made a deliberate decision to exclude US traders, citing Dodd-Frank compliance risk. This is a legally cautious position and is not a red flag.
Pros and Cons
Pros
- No time limit on either evaluation phase
- Static 10% drawdown from initial balance — does not trail
- Payouts processed in under 48 hours
- 90% profit split available via Booster upgrade at checkout
- TradingView charts included in Match-Trader at no extra cost
- Gold (XAU/USD) trading is permitted and spreads frequently go below 1 pip
- Crypto and card payment options — relevant for traders in regions with limited banking access
- Registered entity with publicly disclosed company number and address
- Founder with verified industry background and public media presence
- 24/7 human support via live chat, Discord, and email
Cons
- Only two open positions allowed at any time — limiting for multi-pair strategies
- No MT4 or MT5 — Match-Trader only
- EAs and all automation are prohibited
- High-impact news trading window (T-15 to T+5) bans new position entries
- US traders are not accepted
- Small Trustpilot review count — firm is newer, limited payout history to assess
- Challenge fees are non-refundable
- $100K Platinum account is fixed at 80% split — no Booster option on that tier
Rhodium FX vs Other Match-Trader Prop Firms
All three firms below run on Match-Trader, so the platform experience is comparable. Differences come down to rules, pricing, and payout structure. Numbers are sourced from each firm’s published rules as of June 2026.
| Factor | Rhodium FX | FundYourFX | E8 Markets |
|---|---|---|---|
| Challenge type | 2-phase | Instant Funding or 2-step | 1-step, 2-step, or 3-step |
| Time limit | None | None | None |
| Max drawdown | 10% static (initial balance) | Trailing drawdown on some plans | 8% static (2-step) |
| Daily loss limit | 5% (EOD reset, 00:00 UTC) | 5% | 4% (2-step) |
| Profit split | 80% base, 90% with Booster | 80% base, scales to 100% | 80% base, up to 90% scaled |
| Payout speed | Under 48 hours | Within 24 hours (bi-weekly) | Within 24 hours |
| Platform | Match-Trader | Match-Trader | Match-Trader, MT5 |
| EA/bots | Prohibited | Allowed | Prohibited during evaluation |
| Gold trading | Allowed | Allowed | Allowed |
| $25K challenge fee | $149 (Phase 1) | Lower on instant funding path | Varies by evaluation type |
Rhodium FX sits between the two on complexity. FundYourFX has an instant funding path that skips evaluation entirely, which suits traders who want to start earning immediately. E8 Markets offers MT5 alongside Match-Trader, which gives more platform choice. Rhodium FX’s clearest advantage is the no-deadline 2-phase evaluation paired with a static 10% drawdown — a simple, predictable ruleset for traders who want to know exactly where they stand.
For more options, see our best prop firms list and our prop firm coupon codes page.
Frequently Asked Questions
Is Rhodium FX legit?
Rhodium FX is a registered company in Dubai (RHODIUM FX FZCO, company number 60279). The founder is publicly named and has a verifiable background in forex brokerages. The firm has positive early reviews on Trustpilot and no public payout complaints as of June 2026. As with any newer prop firm, traders should start with a smaller account to test the payout process before committing to a larger position.
What is the Rhodium FX coupon code?
The current FundedTrading coupon code for Rhodium FX is FT25, which gives 25% off the Phase 1 challenge fee on any account size. Apply it at checkout on the Rhodium FX portal. The code is valid as of June 2026 — check this page or the FundedTrading discount page for the latest status.
What is the profit split at Rhodium FX?
The base profit split is 80%. Traders can upgrade to 90% by adding the Profit Split Booster at checkout before purchasing their challenge. The Platinum ($100K) account is listed at a fixed 80% split with no Booster option on that tier.
How fast does Rhodium FX pay out?
Rhodium FX states that withdrawals are processed in under 48 hours after a request is submitted. The first payout on a funded account becomes available 14 days after account activation, provided you have at least 3 trading days and 3 profit days. From the second payout onward, payouts are on a weekly cycle with the same minimum activity requirement.
What platform does Rhodium FX use?
Rhodium FX uses Match-Trader exclusively. The platform is fully web-based — no download required. TradingView charts are built in at no extra cost. MT4 and MT5 are not supported. A mobile app is available by adding the portal to your home screen.
Is there a time limit on the Rhodium FX challenge?
No. There is no deadline on Phase 1 or Phase 2. Traders can take as long as they need to reach the 7% Phase 1 target and the 6% Phase 2 target, as long as they stay within the drawdown limits. The only minimum is 3 trading days per phase before requesting a pass review.
When does the Rhodium FX daily loss limit reset?
The 5% daily loss limit resets at 00:00 UTC each calendar day. The limit is calculated against the higher of your start-of-day balance or equity, and includes both closed P/L and unrealized (floating) P/L. If your floating losses at any point during the day reach 5%, the daily limit is breached.
Can I hold trades overnight or over the weekend at Rhodium FX?
Yes. Overnight positions are allowed on both evaluation and funded accounts. Weekend holding is also permitted. There are no swap fees charged on any Rhodium FX account.
Does Rhodium FX allow copy trading or signal services?
No. Copy trading, signal mirroring, trade copiers, and all forms of automation including EAs and API bots are prohibited. All trades must be placed manually by the account holder. Sharing or renting accounts is also prohibited and can result in immediate termination.
What countries are restricted from Rhodium FX?
The US is explicitly excluded — Rhodium FX has stated this is a deliberate compliance decision related to Dodd-Frank. A full list of restricted countries is published at rhodiumfx.com/restricted-countries/ and may change. Traders in Nigeria and Pakistan are able to participate, with crypto payment via M2Pay being the most accessible payment route for challenge fees in those markets.
Ready to Start a Rhodium FX Challenge?
Use code FT25 at checkout for 25% off. Accounts from $5K to $100K, no time limit, payouts under 48 hours.
Start at Rhodium FX — Use Code FT25
