The Good and Bad about Goat Funded Trader
Goat Funded Trader is a forex proprietary trading firm that offers forex traders the opportunity to make profits with third-party capital.
Pros
- Excellent Trustpilot rating of 4.5/5
- Profit Share 80% up to 95%
- Maximum capital up to $800,000
- Four funding program options
- Low evaluation profit targets 8% and 5%
- A Large Variety of Trading Instruments (Forex Pairs, Commodities, Indices, Stocks, Cryptocurrencies)
- No Minimum Trading Day Requirements
- No Maximum Trading Period (Except Classic Challenge)
- Scaling Plan
- Overnight and weekend holding allowed
- Well-structured user dashboard
- Leverage up to 1:100
Cons
- Lack of community feedback
- Low Leverage with One-step Challenge
- Maximum Daily Equity-based Drawdown
Goat Funded Trader is a proprietary trading company that is dedicated to ensuring that traders succeed while providing them with an outstanding trading experience. Traders from around the world can benefit from their services with confidence and commitment to transparency, which include 24/7 customer support, refundable fees, achievable profit targets, full access to top-notch trading tools, competitive commissions, and narrow spreads.
Additionally, traders have the opportunity to manage account sizes of up to $400,000 and take home profit splits of up to 95%. They can engage in trading various instruments such as forex pairs, commodities, indices, stocks, and cryptocurrencies. One of the many unique perks is their 11% Discount and 120% Refund option. Simply enter Code: SHINY at checkout to activate these benefits.
Who Is Goat Funded Trader?
Goat Funded Trader is a prop trading firm that was officially established on May 17, 2023. They provide traders with the opportunity to work with account balances of up to $800,000 while offering profits split of up to 95%. Goat Funded Trader has formed a partnership with ThinkMarkets as their broker. Their main office is based in the Canary Islands, Spain.
Broker and Platforms Information
MetaTrader 4 and MetaTrader 5 have a choice of different trading platforms.
Youtube Video Review:
Funding Programs Overview:
- No Time Limit Evaluation
- Classic Evaluation
- One-step Evaluation
1. No Time Limit Evaluation Program:
Goat Funded Trader offers a no time limit evaluation program account is designed to recognize dedicated and skilled traders who are acknowledged for their consistency in the two-phase evaluation period. The no time limit evaluation program account grants you the opportunity to trade with leverage of up to 1:100.
Account Size
Price
Price (Swap-Free)
$8,000
$85
$95
$15,000
$150
$172
$25,000
$200
$230
$50,000
$295
$339
$100,000
$515
$592
$200,000
$930
$1,069
No Time Limit Evaluation Program Phases:
Evaluation phase one challenge only necessitates that traders to achieve an 8% profit target without exceeding the 5% daily maximum drawdown or 8% maximum loss limits. There are no additional time constraints for reaching the first challenge target, and no minimum trading day requirements are in place to progress the challenge to phase two.
Evaluation phase two requires traders to achieve a 5% profit target without exceeding the 5% maximum daily loss or 8% maximum loss limits. Similar to phase one, there are no specific time limits or minimum trading day requirements to transition to a funded account.
Upon successfully completing both evaluation phases, traders are granted a funded account with no profit targets. The only rules to abide by are the 5% maximum daily loss and 8% maximum loss restrictions. The first payout is scheduled 30 calendar days after initiating the funded account, during which traders must engage in a minimum of 10 calendar days of trading. The initial profit split is set at 75%, followed by subsequent earnings payouts at 80%, 85%, and 90%, which can be requested biweekly. After the fifth payout, traders can opt for weekly payouts. Additionally, traders have the option to request a profit split increase to 95%, subject to specific criteria and approval from the firm’s customer service team.
No Time Limit Evaluation Program Limits:
The no time limit evaluation program accounts do not have a scaling plan. Traders are not subject to specific scaling requirements in this program.
These accounts allow trading in various instruments, including forex pairs, commodities, indices, equities, and cryptocurrencies.
No Time Limit Evaluation Program Rules:
- Profit Target: In Phase 1, traders must achieve a profit target of 8%, while Phase 2 requires a profit target of 5%. Funded accounts have no profit targets.
- Maximum Daily Loss: The maximum daily loss allowed is 5% for all account sizes.
- Maximum Loss: Traders are limited to a maximum loss of 8% across all account sizes.
- Minimum Trading Days: There is no minimum trading day requirement for completing evaluation phases. However, on a funded account, traders need to trade for a minimum of 10 trading days before becoming eligible for the first payout.
- Third-Party Copy Trading Risk: If traders use third-party copy trading services, they should be aware that other traders may be using the same strategy. Exceeding the maximum capital allocation rule can result in denial of a funded account or withdrawal.
- Third-Party EA Risk: Using a third-party EA or expert advisors carries a similar risk as copy trading. Traders should be cautious as the same trading strategy may already be in use by others, potentially affecting funded account eligibility and withdrawals.
2. Classic Evaluation Program:
The Classic Evaluation program account at Goat Funded Trader is designed to recognize dedicated and professional traders who demonstrate consistency throughout a two-phase evaluation period. This account provides traders with the opportunity to trade using leverage of up to 1:100.
Account Size
Price
Price (Swap-Free)
$8,000
$80
$90
$15,000
$145
$167
$25,000
$185
$212
$50,000
$295
$339
$100,000
$515
$592
$200,000
$985
$1,132
Classic Evaluation Program Phases:
In the Classic Evaluation program at Goat Funded Trader, phase one requires traders to achieve a profit target of 7% without exceeding a 4% maximum daily loss or 10% maximum loss limit. This profit target must be met within 30 calendar days from the date of the first trade on the evaluation account. There are no time limit option no minimum trading day requirements to proceed to phase two.
In phase two, traders are required to reach a profit target of 5%, again without exceeding a 4% maximum daily loss or 10% maximum loss limit. This profit target must be achieved within 60 calendar days from the date of the first trade on the evaluation account, and there are no minimum trading day requirements to progress to a funded account.
Upon completing both evaluation phases, traders receive a funded account with no profit targets. Instead, they must adhere to the 4% maximum daily loss and 10% maximum loss rules. The initial payout occurs 30 calendar days from the date of the first trade on the funded account, with a minimum trading requirement of 10 calendar days during that period. Subsequent pay and profit splits are available on a bi-weekly basis, starting from the second payout (80% profit split), third payout (85% profit split), and fourth payout (90% profit split). After the fifth payout, traders can request weekly payouts. Additionally, traders have the option to request a profit split increase to 95%, subject to specific criteria and approval by the firm’s support team.
Classic Evaluation Program Account Scaling Plan:
Classic evaluation program accounts at Goat Funded Trader do not have a scaling plan.
Traders in the classic evaluation program can trade a variety of instruments, including forex pairs, commodities, indices, equities, and cryptocurrencies.
Classic Evaluation Program Rules:
- Profit Target: Phase 1 has a profit target of 7%, while Phase 2 requires a profit target of 5%. Funded accounts have no profit targets.
- Maximum Daily Loss: The maximum daily loss allowed is 4% for all account sizes.
- Maximum Loss: The maximum overall loss a trader can reach is 10%, regardless of the account size.
- Minimum Trading Days: There is no minimum trading day requirement for evaluation phases. However, on a funded account, you must trade for a minimum of 10 days before being eligible for your first payout.
- Maximum Trading Days: Phase 1 has a maximum of 30 trading days to hit the profit target or withdrawal target, while Phase 2 allows a maximum of 60 trading days.
- Third-Party Copy Trading Risk: If you intend to use copy trading services, be aware that using a third-party copy trading service with identical trading strategies as other traders may risk denial of a funded account/withdrawal if you exceed the maximum capital allocation rule.
- Third-Party EA Risk: Similarly, using a third-party EA with identical trading strategies as other traders may risk denial of a funded account/withdrawal if you exceed the maximum capital allocation rule.
- News Trading: News trading is allowed in Goat Funded Trader. Yet, betting big on news events is not considered evidence of strong trading skills because such actions do not demonstrate consistency or effective risk management. High-impact news events lead to increased market volatility, making it difficult to accurately replicate trades across multiple accounts.
3. One-Step Evaluation Program:
The one-phase evaluation account at Goat Funded Trader is designed to recognize traders who established presence, discipline, and skills. This program enables trading with leverage up to 1:30.
Account Size
Price
Price (Swap-Free)
$15,000
$170
$195
$25,000
$230
$265
$50,000
$339
$390
$100,000
$590
$675
$200,000
$1,050
$1,200
In the evaluation phase, traders must prove skills to achieve a 10% profit target while staying within the 4% maximum daily loss or 6% maximum loss limits. There are no specific minimum trading days or maximum trading day requirements during this phase. Hitting the profit target is the sole condition to become a funded trader.
Upon successful completion of the evaluation phase, traders receive a funded account with no profit targets. The only rules to adhere to are the 4% maximum daily loss and 7.5% maximum loss limits. The first payout is issued 30 calendar days after the first trade on the funded account and offers a 75% profit split. Subsequent payouts (80%, 85%, and 90% profit splits) can be requested bi-weekly after the initial payout. Additionally, following the fifth payout, traders have the option to request a profit split increase to 95%, subject to specific criteria and approval by the firm’s support team.
One-step Evaluation Program Account Scaling Plan:
There is no scaling plan for one-step evaluation program accounts.
The available trading instruments for one-step evaluation program accounts include forex pairs, commodities, indices, equities, and cryptocurrencies.
One-step Evaluation Program Account Rules:
- Profit Target: Traders need to achieve a specific profit target of 10% to complete the evaluation phase, withdraw profits, or scale their account. Funded accounts have no profit targets.
- Maximum Daily Loss: The maximum loss allowed daily is 4% for all account sizes.
- Maximum Loss: The overall maximum loss permitted is 6% for all account sizes.
- Third-party Copy Trading Risk: Traders should be aware that using third-party copy trading services may expose them to the risk of employing the same trading strategy as other traders. Exceeding the maximum capital allocation rule while using such services can potentially lead to denial of a funded account or withdrawal.
- Third-party EA Risk: Using third-party EA (Expert Advisor) also carries the risk of adopting the same trading strategy as other traders who use the same EA. Exceeding the maximum capital allocation rule while using third-party EAs may result in denial of a funded account or withdrawal.
Is getting Goat Funded Trader capital realistic?
When evaluating proprietary trading platforms and firms that align with your forex trading style and skills, it’s crucial to assess the realism of their trading requirements. For instance, a company may offer an attractive profit split percentage on well-funded accounts, but if they demand high monthly gains with no profits and minimal drawdown percentages, your chances to succeed could well prove to be minimal.
Obtaining capital through the no time limit option evaluation programs is generally realistic. These no time limit option programs set relatively modest profit targets (8% in phase one and 5% in phase two) with reasonable maximum loss rules (5% maximum daily and 8% maximum loss). Moreover, there are no restrictions on the maximum or minimum number of trading days.
Likewise, securing capital through classic evaluation programs is practical. These programs feature relatively low profit targets (7% in phase one and 5% in phase two) alongside acceptable maximum loss rules (4% maximum daily and 10% maximum loss). Similar to the no time limit programs, there are no minimum trading day requirements. Hedging your positions is recommended in this program.
Receiving funding from one-step evaluation programs is also within reach. These programs set an average profit target of 10% and maintain reasonable maximum loss rules (4% maximum daily and 6% maximum loss). Importantly, there are no limitations on profitability or the maximum or minimum trading days required.
In summary, Goat Funded Trader presents an excellent choice for obtaining funding because their no time limit, classic, and one-step evaluation program accounts for success and all feature realistic trading objectives and payout conditions.
Payment proof:
Goat Funded Trader was officially established on the date of May 17, 2023. Impressively, they have already commenced disbursing payments to their accomplished traders.
This proprietary trading firm extends funding opportunities through three distinctive programs: the no time limit, classic, or one-step pay out evaluation programs. Upon the expected successful completion of the evaluation phase, traders can anticipate their expected initial payout after a waiting period of 30 calendar days across all three funding programs. Subsequently, they become eligible for bi-weekly payouts. It’s worth noting that traders commence with a 75% profit split, which can be progressively scaled up to an impressive 95%.
For concrete evidence of success and understanding of Goat Funded Trader’s payment history, prospective traders are encouraged to join their Discord channel. Additionally, we’ve provided a few illustrative examples below for your reference.
Goat Funded Trader Traders Feedback:
They have achieved a commendable rating of 4.2/5 on website Trustpilot from 139 reviews published. It’s worth noting that they began their operations on September, 2023, so as more reviews accumulate in the future, their rating may evolve accordingly.
Support:
Goat Funded Trader provides access to a comprehensive FAQ page where you can locate the information you may be missing.
If you need further assistance, their support team can be reached via email at support@goatfundedtrader.com.
Additionally, they offer live chat support on demand through their website, ensuring you can readily obtain any necessary information.
Conclusion:
In conclusion, Goat Funded Trader is a reputable proprietary trading firm that provides traders with three distinct funding programs: no time limit evaluation, classic evaluation, and one-step evaluation. The firm with no time limit evaluation programs follow the industry-standard two-phase evaluation process, requiring traders to achieve profit targets of 8% in phase one and 5% in phase two. These profitability targets are realistic, given the firm has 5% maximum daily and 8% maximum loss rules.
Traders can be paid ranging from 75% to 95% profit split. However, it’s worth noting that there is no scaling plan available for this program. Similarly, the classic evaluation programs also follow the two-phase evaluation structure, with profit targets set at 7% in phase one and 5% in phase two. These targets are realistic, given the 4% maximum daily and 10% maximum loss rules. Profit splits range from 75% to 95%, and like the previous program, there is no scaling plan available. Finally, the one-step evaluation programs require traders to complete a single phase with a profit target of 10% before becoming a funded trader. These targets align with the 4% maximum daily and 6% maximum loss rules. Profit splits for this program range from 75% to 95%, with no scaling plan available.
Goat Funded Trader is a game changer prop firm recommended for traders seeking a prop firm with clear and reasonable trading rules and who have the ability to develop a consistent trading strategies. An making it an ideal choice for traders seeking transparency. Despite being relatively new, he firm’s favorable conditions position it as a promising competitor in the industry, granting funded traders access to a world of benefits and opportunities. Considering their offerings, Goat Funded Trader has the potential to become one of the prominent prop firms in the industry.
If you found this Goat Funded Trader Review to be informative, you can visit their website here.
You can also discover additional Propfirm reviews here.
