Goat Funded Trader – Firm Review
- Swift capital access for successful traders
- Rapid evaluation with excellent payout system
- Robust platform with realistic conditions
- Fair assessment criteria for all levels
- Exceptional support from trading professionals
Company Overview
Goat Funded Trader has established itself as an innovative prop trading firm focused on providing traders with a pathway to access substantial capital. Founded with the mission to identify and support talented traders, the company offers a structured evaluation process through its challenge programs that enables successful participants to trade with firm capital.
What sets Goat Funded Trader apart is its trader-centric approach with competitive profit splits, multiple account sizes ranging from $10,000 to $200,000, and reasonable challenge parameters. The firm supports both forex and crypto markets, providing opportunities across multiple asset classes. Their two-phase evaluation processâChallenge and Verificationâis designed to identify disciplined traders who can consistently generate profits while managing risk effectively.
With transparent rules, competitive fees, and a focus on trader development, Goat Funded Trader aims to create sustainable partnerships with traders around the globe who demonstrate consistent profitability and risk management skills.
Key Features at a Glance
Challenge Fees
- Standard Challenge – One-time fee starting from $99 for $10,000 account, scaling up for larger accounts
- Professional Challenge – One-time premium fee starting from $199 for $10,000 account with less restrictive trading conditions
- Express Evaluation – Higher fee option for faster evaluation with reduced time and trading requirements
- Free Retry Option – One free retry available if you fail the initial challenge
Account Types
- Standard Challenge: Traditional two-phase evaluation with standard trading parameters and profit targets
- Professional Challenge: Advanced evaluation with higher flexibility in trading parameters for experienced traders
- Express Evaluation: Accelerated path to funding with condensed evaluation period
- Funded Account: Final stage after successful completion of challenges, trading firm capital with profit splits
Profit Split Options
- Initial Split: 80/20 profit split (80% to trader, 20% to firm) for initial funded accounts
- Scaling Plan: Up to 90/10 profit split after consistent performance and hitting specific growth targets
- Performance Bonuses: Additional profit percentage available through participation in trader competitions
- Monthly Payouts: Regular profit distributions with no minimum withdrawal threshold
Account Sizes
- $10,000: Entry-level account with lowest challenge fee, ideal for beginners
- $25,000: Mid-tier account with balanced risk-reward potential
- $50,000: Popular option providing significant trading capital with manageable challenge parameters
- $100,000: Advanced account size for experienced traders seeking higher profit potential
- $200,000: Maximum account size offering largest potential returns for proven traders
Trading Platforms
- MetaTrader 4: Industry-standard platform with comprehensive charting tools and automated trading capabilities
- MetaTrader 5: Advanced multi-asset platform with expanded technical indicators and analytical tools
- TradingView Integration: Seamless connection with popular charting and social trading platform
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Cryptocurrencies: Access to major crypto pairs including BTC, ETH, and others
- Indices: Global market indices available for trading
- Commodities: Energy, precious metals, and agricultural products
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 8% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 10 days | 10 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 10% | 5% |
| Daily Drawdown | 6% | 6% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 8 days | 8 days |
Challenge Specifications
- Max Allocation: Initial funded accounts up to $200,000 with potential scaling up to $1,000,000 based on performance
- Scaling: 25% account growth opportunity after consistent performance; doubling possible after reaching specific milestones
- Trading Competitions: Monthly challenges with additional rewards and bonus profit splits for top performers
- Free Trial: Demo evaluation option available for new traders to test the platform before committing
- Profit Targets: Reasonable targets (5-10%) designed to identify consistent traders rather than high-risk performers
- Drawdown Structure:
- Daily: 5-6% limit from previous day’s closing balance
- Maximum: 10-12% overall account drawdown from initial balance
- Trailing: Not applicable – static drawdown model based on initial balance
Trading Rules and Requirements
- No overnight holding restrictions for forex pairs (weekend holding permitted)
- News trading allowed with proper risk management
- No minimum trading days requirement within each phase
- No specific lot size restrictions (risk management governed by drawdown rules)
- EA/algorithm trading permitted with prior approval
- Prohibited strategies include hedging, grid trading, and martingale
- Maximum open trade exposure limited to 5% of account balance
- Mandatory 12-hour cooling period after hitting daily max drawdown
Company Information
- Founded in 2020 by a team of professional traders and financial experts
- Headquartered in London with operations worldwide
- Transparent company structure with proper regulatory compliance
- Active community of over 10,000 traders
- 24/5 customer support via live chat, email, and dedicated Discord community
- Educational resources including webinars, trading guides, and market analysis
Payout Methods
- PayPal (24-48 hours processing)
- Bank Wire Transfer (2-5 business days)
- Bitcoin/Cryptocurrency (24 hours)
- Skrill/Neteller (24-48 hours)
- Monthly payouts with no minimum withdrawal threshold
- Profit disbursement between 1st-10th of each month
Trading Commissions
- Fixed $4 per lot round-turn commission for forex pairs
- Crypto trading commissions set at 0.05% per side
- No additional hidden fees or costs during funded trading
- Raw spreads provided for accurate market pricing
- Commissions deducted automatically from trading account
IP Rules
- One unique IP address per account (VPNs not permitted)
- Multiple account access from same IP requires prior approval
- Location changes must be reported to compliance team
- Mobile trading permitted with registered devices
- Audit trail monitoring for account security
Video Review
Goat Funded Trader Review
Comprehensive review of Goat Funded Trader trading services
Unique Features
Trading Flexibility
- No time limit to complete challenges – trade at your own pace
- Weekend holding allowed for forex positions
- News trading permitted with proper risk management
- EA and algorithmic trading supported with approval
Scaling Program
- Transparent account growth path from $10K to $1M
- Performance-based scaling with clear milestones
- Increasing profit splits as traders prove consistency
- No additional fees required for account scaling
Trader Support
- Dedicated Discord community with professional mentors
- Weekly educational webinars and market analysis
- One-on-one coaching available for funded traders
- 24/5 technical support via multiple channels
Why Choose Goat Funded Trader?
Goat Funded Trader stands out in the crowded prop firm landscape by offering a trader-friendly environment that balances fair evaluation with realistic trading conditions. Their approach focuses on identifying disciplined, consistent traders rather than imposing restrictive rules that hinder natural trading styles.
Key advantages include:
- No time constraints – complete challenges at your own pace without artificial deadlines
- Generous profit split starting at 80/20 with scaling options up to 90/10
- Reasonable drawdown parameters that allow for proper trading psychology
- Free retry option if you fail your first challenge attempt
- Multiple account sizes from $10,000 to $200,000 to match experience levels
- Clear scaling program with potential to manage up to $1 million
- Transparent rules with no hidden conditions or sudden policy changes
- Educational resources and community support for continuous improvement
Frequently Asked Questions
How long does it take to get funded?
The time to achieve funding depends entirely on your trading performance. With no time limits on challenges, you can progress at your own pace. Typically, successful traders complete both challenge phases within 1-3 months. Once you’ve completed the verification phase, account setup takes 2-3 business days before you can begin trading with firm capital.
Can I hold positions over the weekend?
Yes, Goat Funded Trader allows weekend position holding for forex and other markets. This provides flexibility for swing traders and those who prefer longer-term positions. However, you should still manage your risk appropriately as weekend gaps can impact your account drawdown calculations.
What happens if I break a rule?
Rule violations are handled on a case-by-case basis. Minor infractions typically result in warnings, while serious violations like using prohibited trading strategies may lead to account termination. If you’re unsure about any rules, it’s best to contact support before taking action. Goat Funded Trader emphasizes education over penalties for unintentional mistakes.
Can I trade news events?
Yes, Goat Funded Trader allows news trading, setting them apart from many other prop firms. However, you must still adhere to risk management rules and account drawdown limits. It’s recommended to adjust position sizing appropriately when trading during volatile news events to avoid exceeding daily drawdown parameters.
How often can I withdraw profits?
Funded traders receive monthly profit payouts between the 1st and 10th of each month. There is no minimum withdrawal threshold, so you can receive any amount of profit earned. Payout methods include PayPal, bank transfer, cryptocurrency, and e-wallets, with processing times ranging from 24 hours to 5 business days depending on the method chosen.
