Goat Funded Trader vs The Concept Trading - Prop Firm Comparison
Published: · Last updated:
Introduction
When comparing prop trading firms, Goat Funded Trader and The Concept Trading each offer distinct paths to funded trading. Goat Funded Trader is Spain-based, founded in 2022, and is known for $1 challenge entry promos, Up to 100% profit split. It holds a Trustpilot rating that is not currently published. The Concept Trading, based in Maroochydore, Queensland, Australia, was founded in 2021 and stands out for No daily loss limit – static drawdown only, ASIC-regulated structure (Vested Equities AFSL), holding a 4.6/5 (443 reviews) Trustpilot rating. Both firms provide paths to funded accounts, but their evaluation structures, pricing, and trader benefits differ in key ways that may suit different trader profiles.
Quick Facts
| Feature | Goat Funded Trader | The Concept Trading |
|---|---|---|
| 
| |
| Founded | 2022 | 2021 |
| Profit Split | 80-90%, scaling to 100% | 50% all levels except top (90%) |
| Maximum Account Size | $400,000 | $5,000,000 |
| Evaluation Phases | 1-Step, 2-Step, 3-Step, Instant Funding, Goat $1 | — |
| Trustpilot Rating | — | 4.7 |
| Expert Grade | 8.2 | 9.1 |
Program Types
| Program | Goat Funded Trader | The Concept Trading |
|---|---|---|
| Entry Level Program | Goat $1 | AUD 65 |
| Advanced Program | 1-Step | AUD 19997 |
| Scaling Options | Yes | Yes |
| Demo Account | No | Yes |
Rules & Assessment
| Criteria | Goat Funded Trader | The Concept Trading |
|---|---|---|
| Profit Target | 10% (1-Step), 8%/5% (2-Step), 15% (Goat $1) | 6-10% |
| Maximum Drawdown | 6% trailing (1-Step), 10% static (2-Step) | 3-10% static |
| Minimum Trading Days | 3 | — |
| News Trading | Yes | Yes |
Fees & Pricing
| Option | Goat Funded Trader | The Concept Trading |
|---|---|---|
| $5K Account | Not offered | AUD 65 / Foundation / One-time |
| $10K Account | USD 79 / Listed challenge / One-time | AUD 110 / Foundation / One-time |
| $25K Account | USD 149 / Listed challenge / One-time | AUD 260 / Foundation / One-time |
| $50K Account | USD 249 / Listed challenge / One-time | Not offered |
| $100K Account | USD 449 / Listed challenge / One-time | Not offered |
| $200K Account | USD 799 / Listed challenge / One-time | Not offered |
| Coupons / Discount | Goat Funded Trader discount | The Concept Trading discount |
Platforms & Markets
| Feature | Goat Funded Trader | The Concept Trading |
|---|---|---|
| Trading Platforms | MetaTrader 5, TradeLocker, Match Trader | MetaTrader 5, TradeLocker |
| Forex | Yes | Yes |
| Stocks | No | — |
| Indices | Yes | — |
| Commodities | Yes | — |
| Cryptocurrencies | Yes | Yes |
| Bonds | No | — |
| EA/Algo Trading | Yes | Yes |
Payout
| Feature | Goat Funded Trader | The Concept Trading |
|---|---|---|
| Payout Terms | Bi-weekly, 80-90% baseline scaling to 100% | Once per calendar month (Bank transfer, Crypto, Revolut, PayPal) |
| See all prop firm payouts → | ||
Verdict
| Key Element | Goat Funded Trader | The Concept Trading |
|---|---|---|
| Strengths | Fast 24-hour payouts, No time limits, Swap-free Islamic accounts, Scaling to $2M, Low $1 entry point | Static drawdown, no daily drawdown, permissive rules, EAs/HFT allowed, low entry fees |
| Weaknesses | Limited backtesting, Higher initial payment, Dashboard glitches, Unregulated (Saint Lucia/Hong Kong) | Misleading 90% marketing, one payout/month only, 30-day invoice deadline, capped profits, new discretionary clause |
| Best For | Disciplined traders managing trailing drawdown risk; Islamic-compliant trading | Long-term scalers seeking trading freedom, not monthly income seekers |
FAQ
What makes Goat Funded Trader stand out among prop firms?
Goat Funded Trader, based in Spain, was founded in 2022 and is best known for $1 challenge entry promos, up to 100% profit split. With a minimum evaluation cost of $1 (promo) and a 80–100% profit split, it offers a developing value proposition for cost-conscious traders seeking accessible entry.
How does The Concept Trading differ from other prop firms?
The Concept Trading, based in Maroochydore, Queensland, Australia and founded in 2021, differentiates itself through No daily loss limit – static drawdown only, ASIC-regulated structure (Vested Equities AFSL). With a 50–90% profit split and 1-Step (Traditional/Premier/Empire/Xtreme), 2-Step (Foundation), Instant evaluation, it is particularly suited to traders who want maximum rule simplicity and huge scaling.
Which firm offers better payouts – Goat Funded Trader or The Concept Trading?
Goat Funded Trader offers a 80–100% profit split with Bi-weekly payouts processed in 1-2 days. The Concept Trading offers a 50–90% profit split with Weekly (top-level / 90% Lock Rule); per-level otherwise payouts in 24-48 hours. The better choice depends on whether you prioritise split percentage or payout frequency.
Are these prop firms suitable for beginners?
Both firms can accommodate beginners, but with different considerations. Goat Funded Trader is best suited to Cost-conscious traders seeking accessible entry, while The Concept Trading is better aligned with traders who want maximum rule simplicity and huge scaling. New traders should start with the smallest available account size and thoroughly review all rules before committing.
What happens if I fail the evaluation at either firm?
Most prop firms allow traders to purchase a reset to restart their evaluation phase, typically at 40-50% of the original fee. Neither firm penalises future attempts based on previous failures. Check each firm’s official site for current reset pricing and terms.
How was this Comparison Created?
1. We Collect
Our research team gathered data directly from the official websites, terms of service documents, and public communications of both Goat Funded Trader and The Concept Trading. We supplemented this with verified user reviews on Trustpilot and trading community forums, and consulted active traders with first-hand experience at each firm.
2. We Examine
Our team of professional traders verified all information, cross-checking accuracy against each firm’s current platform, evaluation parameters, and pricing pages. Special attention was paid to profit split structures, drawdown rules, and payout conditions to ensure our assessment reflects the real trader experience.
3. We Score
We apply a scoring methodology across seven key categories: evaluation structure, trading conditions, costs and fees, platform quality, profit potential, customer support, and educational resources. Each category is weighted by importance to traders at different experience levels.
4. You Choose
This comparison is designed to help you identify which firm better aligns with your trading style, experience level, and goals. Consider your priorities – evaluation flexibility, profit split, platform preference, and firm track record – then visit each firm’s full review on JoinProp for the complete picture. Read the Goat Funded Trader review or read the The Concept Trading review to go deeper.
View More Elite Prop Firms Compared: The Trading Pit vs The5ers
