Know the Rules. Trade with Confidence.

2.1 Phase 1 (Initiate): Profit target 7%; minimum 3 trading days; all risk rules apply. A trading day is credited at 00:00 UTC — at least one trade must be opened during that calendar day for it to count.

2.2 Phase 2 (Intern): Profit target 6%; minimum 3 trading days; all risk rules apply. The same trading day rule applies — at least one trade must be taken for the day to count toward your minimum.

2.3 Manual review. Upon reaching the Phase 2 target, your performance is reviewed by our Risk Team (typically within 3 business days). Rule compliance are required for progression.

2.4 Funded Stage. After successful evaluation and acceptance of a funded agreement, you will trade a funded account subject to these Terms and any funded-specific addendum.

3.1 Max Daily Loss – 5%. On any calendar day (00:00–23:59 UTC), your combined closed P/L plus unrealized P/L must not breach –5% of the greater of your start-of-day balance or equity. The limit resets at 00:00 UTC.

3.2 Max Total Loss – 10%. Your balance/equity must not, at any time, fall below –10% of the initial account balance, inclusive of floating P/L.

3.3 Per-Trade Risk Cap – 2%. The maximum risk per trade must not exceed 2% of current equity. Splitting entries across multiple tickets or symbols to exceed 2% risk counts as a single trade.

3.3a Spread & Volatility Responsibility. The 2% per-trade risk cap applies uniformly across all permitted instruments, including gold, silver, and indices. These instruments may carry wider or more volatile spreads than standard forex pairs. You are responsible for calculating spread cost into your position sizing and stop loss placement when determining compliance with the 2% cap.

3.4 Maximum Simultaneous Positions – 2. You may have no more than two (2) open positions across all instruments and accounts at any time. Pending orders are permitted only if, when triggered, they will not create more than two open positions.

3.5 Leverage – 1:50 (Evaluation) / 1:30 (Funded). Maximum available leverage during the evaluation is 1:50. On funded accounts, leverage is reduced to 1:30. Over-leveraged positions will be flagged and may result in trade closure or account review.

3.6 Hedging Prohibited. Hedging of any kind is not allowed, including long/short on the same or highly correlated symbols, across multiple accounts, or via synthetic hedges.

3.7 Expert Advisors & Automation Prohibited. The use of any EA, trade copier, bot, API automation, or signal mirroring is not allowed. Only platform-native risk controls placed manually are allowed.

3.8 Stop Loss & Take Profit Required. Every trade must have a Stop Loss and a Take Profit set. These can be adjusted at any time after the trade is opened. Trades left without both may affect your evaluation results.

4.1 High-Impact News Trading Ban. Opening or modifying positions within 15 minutes before until 5 minutes after a High-Impact News event is prohibited.

4.2 High-Frequency / Tick Scalping. Strategies characterized by extremely short holding times, excessive order messages, or HFT behavior are prohibited.

4.3 Arbitrage. Latency, gap, triangular, long-short, or cross-broker arbitrage, and exploiting data/execution discrepancies, is prohibited.

4.4 Grid/Martingale/All-in behavior. Any progressive sizing strategy that materially increases risk after losses is prohibited.

4.5 Opposite-account / coordinated trading. Coordinating trades between accounts to manufacture P/L or bypass limits is prohibited.

4.6 Platform abuse. Any attempt to overload or manipulate pricing, connectivity, or order routing is prohibited.

5.1 High-Impact News includes: Central bank rate decisions, CPI/Inflation, Non-Farm Payrolls, GDP, PMI/ISM, retail sales, unemployment, and any event flagged as High/Red by widely used economic calendars.

5.2 Restricted window T–15 to T+5 minutes: You may not open, add to, or modify positions. You may close positions to reduce risk. Profits realized within the window may be reduced or voided; losses will stand.

5.3 Violations. Profits from restricted-window trades may be removed. Repeated violations may result in immediate account termination.

6.1 Average Winners > Average Losers. Over your reviewed sample, your average winning trade must exceed your average losing trade.

6.2 Outlier handling. We may exclude statistical outliers (top ~5% by absolute P/L). If your pass is driven primarily by 1–2 unusually large wins, we may require a redo of the current phase.

6.3 Sample size. We typically review all trades in the phase. If trade count is low, we may extend observation or require additional trading days.

7.1 Payout prerequisites. Before each payout, you must have accumulated at least 3 profit days. A profit day is counted whenever your net closed P/L reaches at least +1% of account balance by 23:59 UTC on that day. These profit days do not need to occur on consecutive days, and the profit does not need to remain in your account balance. They only need to have occurred before your payout request.All payout requests are assessed and approved by our Trading Team prior to release.

7.2 Payout cadence. The first payout becomes available 14 days after funded account activation. From the second payout onward, payouts are processed on a weekly cycle.

7.3 Profit split & methods. Profit-share is 80–90% (upgradeable at checkout). The 90% profit split upgrade is available on all challenge tiers except the 100K Challenge. Payouts are subject to KYC/AML checks.

7.3a No Payout Minimum or Maximum. There is no minimum or maximum payout amount per cycle. The full eligible profit-share balance is payable, subject to standard KYC/AML and processing requirements.

7.4 Funded Leverage. All funded accounts operate at a maximum leverage of 1:30, regardless of the leverage available during the evaluation phase.

7.5 Giveaway Accounts. Accounts awarded via giveaways operate on a monthly payout cycle for the duration of the account. All other rules remain unchanged.

7.6 Affiliate Accounts. Affiliates awarded a funded account as part of a partnership may apply to receive payouts. Applications are reviewed on a case-by-case basis and require standard KYC/AML completion. Contact partnerships@rhodiumfx.com to apply.

7.7 Scaling. Consistent rule-compliant performance may qualify for scaling per the then-current scaling policy.

7.8 One active funded account. You may hold only one active funded account at any time. Challenge/evaluation accounts are not subject to this limit. Holding multiple funded accounts — whether obtained directly or via separate identities — is considered an attempt to over-leverage firm capital and will result in termination of all accounts involved.

7.9 Payout processing window. Approved payouts are processed within 48 hours, Monday to Friday. Requests submitted over the weekend or on public holidays will be queued and processed on the next available business day.

8.1 Data & audits. We monitor order logs, timestamps, IP/device fingerprints, and trading statistics. You consent to these reviews.

8.2 Consequences of violations. Any breach may result in: trade closure, profit removal, reset/redo of a phase, leverage restrictions, account termination, or denial of funded status.

8.3 Right to withhold/offset. We may withhold or offset amounts to correct errors, remove ineligible profits, or settle fees or chargebacks.

9.1 Evaluation fees. Fees paid for evaluations are non-refundable once access is granted, except where required by law.

9.2 Resets & extensions. If offered, resets/extensions are discretionary and governed by the posted terms in effect at the time the reset or extension is requested.

10.1 Third-party services. Platforms, data feeds, and payment processors are provided by third parties. Outages or discrepancies may occur and are outside our direct control.

10.2 No liability for technical issues. We are not liable for losses arising from connectivity, latency, data errors, slippage, or third-party failures. Always use protective risk controls. If you believe a fill was clearly erroneous, contact support@rhodiumfx.com for manual review.

10.3 Force Majeure. We are not liable for any failure or delay in performance resulting from causes beyond our reasonable control, including but not limited to platform outages, internet or connectivity failures, acts of government, natural disasters, war, civil unrest, labor disputes, or failures of third-party service providers.

11. Privacy. We process personal data per applicable laws and our Privacy Policy.

12. Dispute Resolution. Any dispute shall be resolved by arbitration under the rules of the Dubai International Arbitration Centre (DIAC). Seat: Dubai, UAE. Language: English.

13. Restricted Countries. Participation may be restricted where prohibited by law or sanctions. See our Restricted Countries list.

14. Amendments. We may amend these Terms by posting an updated version. Material changes will be communicated; continued use constitutes acceptance.

15. Key Definitions. Trade/Position: exposure initiated in the same direction on a symbol. High-Impact News: events causing outsized volatility, marked High/Red on major calendars. Trading day: a UTC calendar day credited at 00:00 UTC, provided at least one trade was taken that day. Profit day: a trading day on which net closed P/L reaches at least +1% of account balance by 23:59 UTC.

16. Contact. Questions about these Terms: support@rhodiumfx.com

17.1 Entire Agreement. These Terms, together with our Privacy Policy, any funded-account addendum, and any program-specific rules posted on our site, constitute the entire agreement between you and Rhodium FX regarding your participation in the Program, and supersede any prior agreements or understandings, whether written or oral.