From first trade to funded
New to prop trading? Here's the whole idea in five stages, tap through below.
What's a prop firm, anyway?
Normally, if you want to trade, you risk your own money. A prop (short for "proprietary") firm flips that: we put up the capital, you do the trading. To prove you're ready, you take a challenge first: a practice round where you show you can hit a profit goal without breaking a few risk rules. Pass, and you trade a funded account with real capital behind you, keeping a big share of whatever you make.
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This is the amount of practice capital you'll be evaluated on, from $5K up to $100K. A bigger size costs more upfront but leads to a bigger funded account later. There's no separate sign-up either: you just pick a size and create your account at checkout.
View challenge tiers -
Now the challenge itself starts. You need to grow your account by a set percentage (the "profit target") without losing too much on any single day (the "daily loss limit") or overall (the "max loss limit"). How you get there is up to you: scalp, swing trade, or run an algorithm, there's no deadline to rush it.
Read the full rules -
Passing once could just be luck, so there's a second round to be sure. Same risk rules apply, but the profit target is lower and easier to reach. It's there to confirm your Phase 1 result was skill, not a fluke. Pass both phases and you're ready to be funded.
See evaluation FAQs -
This is the payoff: a funded account, loaded with real capital, that you trade through Match-Trader, the trading platform (desktop or mobile) all Rhodium FX accounts run on. Nothing changes about how you trade, except now it's our capital on the line, not yours.
Explore the platform -
Every profit you make on the funded account gets split between you and Rhodium FX, and you keep up to 90% of it. Payouts go out every two weeks and are withdrawn in crypto. This is the whole point of the challenge: you did the work to get here, so you keep almost all of what you earn.
See payout details