Rhodium Fx is a Dubai-based CFD prop firm launched in 2025 with a two-phase Classic Challenge across five account sizes ($5K to $100K). Entry fees start from $40. The platform is MatchTrader with TradingView chart integration. There are no time limits on either phase, payouts are processed weekly within 48 hours, and a coupon code FT25 gives 25% off the Phase 1 fee.
Rating Breakdown
Pros
- No time limits on either evaluation phase
- Competitive entry fees starting at $40 for the $5K account
- Weekly payouts processed within 48 hours
- MatchTrader with TradingView chart integration
- Overnight and weekend position holding allowed
- Zero swap fees across all instruments
- 10% static drawdown is standard for the space
- Coupon code FT25 gives 25% off Phase 1 fee
- Phase 1 and Phase 2 fees both refunded with first payout
Cons
- No MT4 or MT5 support — MatchTrader only
- EAs and algorithmic trading are prohibited
- Hedging is not allowed
- Copy trading prohibited
- Maximum 2 open positions at any time
- Per-trade risk capped at 2% of current equity
- News trading restricted 15 min before and 5 min after high-impact events
- 90% profit split booster not available on the $100K account
- Very new firm with minimal public track record (only ~3 Trustpilot reviews)
- No scaling plan publicly disclosed
Account Plans and Pricing
Two Phase Challenge Rules
| Evaluation type | Two-step (Phase 1 + Phase 2) |
| Phase 1 profit target | 7% |
| Phase 2 profit target | 6% |
| Time limit | None |
| Min. trading days | 3 days per phase |
| Max drawdown | 10% static from initial balance |
| Daily loss limit | 5% (resets 00:00 UTC) |
| Per-trade risk cap | 2% of current equity |
| Max open positions | 2 simultaneous positions |
| Consistency rule | Average winning trade must exceed average losing trade; top 5% of trades by P&L may be excluded as outliers |
| Fee refund | Both Phase 1 and Phase 2 fees returned with first payout |
Payouts
| First payout | 14 days after funded account activation (requires 3 trading days + 3 profit days) |
| Default cycle | Weekly after second successful payout |
| Processing time | Under 48 hours per withdrawal |
| Profit split | 80% standard; 90% with Profit Split Booster add-on (not available on $100K Platinum) |
| KYC required | Yes, before first payout |
| Verified total paid | Not publicly disclosed |
Trading Conditions
| Platforms | MatchTrader (web + mobile) with TradingView integration |
| MT4 / MT5 | Not supported |
| Instruments | Forex pairs, gold (XAU/USD), silver, indices |
| Spreads | From 0.1 pips on forex majors; XAU/USD frequently below 1 pip |
| Swap fees | None |
| Leverage (evaluation) | 1:50 |
| Leverage (funded) | 1:30 |
| News trading | Cannot open or modify positions 15 min before or 5 min after high-impact events; closing for risk reduction allowed |
| Overnight / weekend holding | Allowed |
| Expert Advisors / bots | Prohibited |
| Hedging | Not allowed |
| Copy trading | Prohibited |
| Scaling plan | Not publicly disclosed |
Our Verdict
Rhodium Fx launched in 2025 and is genuinely new to the prop firm space. That matters because most of the legitimate concerns about this firm come down to its age rather than its structure. The challenge design is clean and the fee schedule is competitive, but the firm has almost no public track record to validate the payout process at scale.
The two-phase format with 7% and 6% profit targets is straightforward and fair. Removing time limits is a meaningful decision — it removes one of the most common reasons traders fail evaluations. The drawdown rules (10% max, 5% daily) are standard for a two-phase CFD challenge. Fees starting at $40 for the $5K account sit at the cheaper end of the market, and the coupon code FT25 takes 25% off Phase 1. Both fees are refunded with the first payout.
The bigger issue is the trading restrictions. No MT4, no MT5. That cuts out a large share of traders who run platforms or strategies built on MetaTrader. MatchTrader is a capable web-based platform and the TradingView integration is useful, but the absence of MetaTrader is a real limitation compared to most competitors. On top of that, EAs are prohibited, hedging is not allowed, copy trading is blocked, and traders are capped at 2 open positions at any time with a 2% per-trade risk limit. These restrictions narrow the range of strategies that can realistically be run here.
The news trading window (no entries or modifications 15 minutes before or 5 minutes after high-impact events) is stricter than some firms but not unusual in 2026. Closing positions during news for risk management is permitted, which is the right call. Use our consistency calculator to check your average trade sizing stays within the 2% cap before signing up.
Payouts are structured around a 14-day wait from account activation, then weekly thereafter once you have two successful withdrawals. The under-48-hour processing claim has received positive feedback in the small number of public reviews available. The 90% booster is missing from the $100K Platinum tier, which is an odd omission — traders taking on the largest account get a lower split ceiling than those on smaller ones.
Overall, Rhodium Fx is a reasonable option for traders who are comfortable with MatchTrader, do not need EAs, and want a straightforward two-phase challenge with no clock pressure. It is not the right choice for algo traders, MetaTrader users, or anyone who wants the reassurance of a firm with a multi-year payout history. The low entry fees and coupon make it a low-risk way to trial an early-stage firm, but go in with your eyes open about the track record gap.
Rhodium Fx Coupon Code and Discount
The current Rhodium Fx coupon code is FT25, which gives 25% off the Phase 1 evaluation fee across all account sizes. Enter the code at checkout on the Rhodium Fx website.
At 25% off: the $25,000 Silver challenge drops from $149 to around $112. The $100,000 Platinum drops from $419 to around $314. Both Phase 1 and Phase 2 fees are refunded with your first funded payout.
| Code | FT25 |
| Discount | 25% off Phase 1 fee |
| Applies to | All account sizes ($5K to $100K) |
| Last verified | July 2026 |
Frequently Asked Questions
Is Rhodium Fx a legitimate prop firm?
Rhodium Fx is operated by Rhodium FX – FZCO, a Dubai-based entity founded in 2025 by Philip H. van den Berg. It uses simulated trading accounts and is not regulated by a financial authority, which is standard for prop firms. The firm has very few public reviews at the time of writing, so it has limited third-party verification compared to more established competitors. The trading rules are clearly stated and the fee refund policy is straightforward.
What challenge types does Rhodium Fx offer?
Rhodium Fx offers a single two-phase Classic Challenge across five account sizes: $5,000 (Junior), $10,000 (Bronze), $25,000 (Silver), $50,000 (Gold), and $100,000 (Platinum). There is no one-step, instant funding, or three-step option. Phase 1 requires a 7% profit target and Phase 2 requires 6%, each with a minimum of 3 trading days and no time limit.
What are the Rhodium Fx drawdown rules?
Rhodium Fx uses a 10% static maximum drawdown calculated from the initial account balance. The daily loss limit is 5%, resetting at 00:00 UTC. There is also a per-trade risk cap of 2% of current equity and a limit of 2 open positions at any time. These rules apply uniformly across all account sizes.
What platform does Rhodium Fx use?
Rhodium Fx uses MatchTrader, a web-based platform available on desktop and mobile without downloading software. It includes TradingView chart integration. MT4 and MT5 are not supported. Tradable instruments include forex pairs, gold (XAU/USD), silver, and indices. Leverage is 1:50 during the evaluation and 1:30 on the funded account.
Is there a Rhodium Fx coupon code?
Yes. The Rhodium Fx coupon code is FT25, which gives 25% off the Phase 1 evaluation fee. It applies to all five account sizes. Enter the code at checkout on the Rhodium Fx website. Both Phase 1 and Phase 2 fees are refunded with your first funded account payout regardless of whether you used a discount code.
Ready to try Rhodium Fx?
Two-phase challenge. No time limits. Weekly payouts. Fees from $40. Use code FT25 for 25% off Phase 1.
Visit Rhodium Fx →