Goat Funded Trader is a Forex prop firm offering traders simulated funded accounts. After traders pass the evaluation phase, they can start trading on simulated funded accounts and can withdraw up to 95% of profits.
In this Goat Funded Trader review, we will assess the firm’s crucial features such as safety, assets, funding options, platforms, education, support, rules, and more.
Pros & cons of Goat Funded Trader prop firm
Pros
- Ability to withdraw with $0 fees
- Allows positions to be held overnight, over weekends, and permits trading robots
- Offers up to 95% profit sharing, one of the highest in the industry
- Offers a wide range of funded accounts and access to diverse assets
- Provides various discounts on audition fees, making it more accessible
Cons
- Was launched in 2023, making it very young
- Lacks reviews on the FPA
- While news trading is allowed, profits around major news events may be voided
- Offers little to no educational content for traders looking to learn or improve their skills
- Charges fees per lot on commodities and forex pairs, which could eat into profits
Safety of Goat Funded Trader — 1.5
Goat Funded Trader reviews are lacking on the FPA platform, where there is only one negative feedback from a trader who was denied a 200k funded account because of overleveraged trading. We can not assess the firm’s safety solely on one feedback and won’t give the firm any points in the FPA component. The firm has a 4.3 score from 833 reviews, where 13% of reviews are 1-star and 74% 5-star. The firm was established in 2023 making it a very young company lacking crucial experience in the field. The only component where Goat Funded Trader gets points is its broker partner, which is a regulated company, ThinkMarkets.
The firm gets a 1.5 score in this section for having a regulated partner broker but lacking in other important aspects.
Goat Funded Trader Funding and maximum capital allocation — 3
Goat Funded Trader prop firm provides access to diverse amounts of capital on several funded accounts including, 1 step, 2 step, and No Time Limit challenges.
Goat Funded Trader funded programs provide different funding ranges based on the account type and evaluation phases. One step evaluation comes with 15k, 25k, 50k, 100k, and 200k funding options while Two step evaluation provides funding of 5k, 8k, 15k, 25k, 50k, 100k, and 200k USD.
Goat Funded Trader funding account of two step evaluation comes with different variations including Goat, No Time Limit, and Classic two step accounts. Goat funded account comes with limited funding options from 8k to 100k, No Time Limit has a funding range of 5k to 200k, and the Classic comes with also 5k to 200k range.
Goat Funded Trader challenges allow traders to choose from a wide variety of account sizes and styles to give them flexibility.
Goat Funded Trader scaling plan allows traders to merge accounts and get up to 800k funding. The firm gets a 3 score for lacking 1,000 USD and 1 million USD funding options.
Goat Funded Trader Assets — 4
Goat Funded Trader offers access to diverse financial markets including Forex pairs, metals, indices, cryptos, and stocks. Each of these assets comes with different leverages. Forex pairs have 1:100 leverage, Gold, and silver 1:80, indices, commodities, and oils 1:20, and cryptos have 1:2. For providing diverse market access, the firm gets a 4 score in the assets section.
Goat Funded Trader Trading rules and limitations — 2.7
Goat Funded Trader rules are very generous as there are no time limits or minimum trading days. Traders are free to hold positions overnight and over the weekends, and news trading is also allowed. Despite allowing news trading, the firm restricts consistently trading on the news and flags and removes all trading profits made before and after 2 minutes of big news. The big news is all the major news is marked red on the Forex Factory economic calendar. So, the firm isn’t fully allowing traders to speculate on the news. The reason, as claimed by the firm, is that it is difficult to replicate a trading strategy that is news-based, and they want to replicate successful traders on their live accounts. Crypto traders are allowed to trade cryptos during the weekends. Stop loss and take profit orders are not mandatory, allowing traders to be more flexible with their trading styles.
If the trading account is inactive for 45 calendar days, it is assumed inactive and the firm closes all inactive accounts. EAs are allowed, but HFT (High-Frequency Trading) robots are prohibited. Goat Funded Trader will ask for the code of your EA if they feel it’s not your robot. Hedging of any sort is restricted, and the accounts will be disqualified instantly. The profit targets are different for each type of funded account. No Time Limit challenges come with 8% and 5% profit targets for phase one and phase two challenges. Classic challenge has 7% and 5% on phase one and two respectively, and Goat Challenge has 8% for phase one and 6% for phase two. Maximum drawdown and daily drawdown are also slightly different for each account:
- Goat evaluation maximum drawdown – 10%
- Goat evaluation daily loss – 5%
- No time limit maximum drawdown – 8%
- No time limit daily loss – 4%
- Classic evaluation maximum drawdown – 8% from March 7, 2024
- Classic evaluation daily loss – 4%
The firm gets a 2.7 score in this section.
Goat Funded Trader Fees — 5
Goat Funded Trader prop firm offers a 20% discount on the first sign-up and provides a code for free for funding options of 5k to 100k USD. There are other discounts such as 22% on 8k to 25k, and 13% for 50k to 100k funded accounts. There is also a 10% discount offer.
Goat Funded Trader has 0 USD fees per lot on cryptos and indices, 5 USD for commodities, and 7 USD for Forex pairs.
Goat Funded Trader free trial is not available at this moment, but since the firm is young, it will likely provide it at some point in the future.
There is a 0 USD commission for indices and crypto trading, which is super beneficial for traders of these assets. Goat Funded Trader free repeat is not available, but traders can get new accounts for a discount after breaking the rules. Goat Funded Trader prop trading firm gets a 5 score for offering discounts, free withdrawals, and low fees for funded accounts from 45 USD.
Goat Funded Trader Platforms — 2.4
Goat Funded Trader provides access to Think Trader and Match-Trade, which is a MetaTrader alternative. Think Trader was developed by ThinkMarkets and aims to allow traders to seamlessly access diverse markets. Despite being advanced, these platforms are not still on par with MT4, MT5, and cTrader and the firm loses points in these criteria. However, mobile trading is available for both platforms.
The firm gets a 2.4 score in this section for offering advanced platforms but lacking any widely accepted trading software.
Goat Funded Trader Profit-Sharing — 3
Traders are eligible to withdraw profits after 24 hours from their first trade. After the first payout, traders can get monthly withdrawals, weekly, or biweekly ones. To be eligible to withdraw the first profits, traders need to have at least 3% profits on their accounts.
Goat Funded Trader profit split is one of the highest in the scene right now. The firm allows up to 95% profit share on demand, meaning traders can withdraw profits at any time they prefer.
It takes up to 72 hours to withdraw profits, which is slightly longer than the industry average of 24 hours. Goat Funded Trader gets a 3 score in the profit-sharing section.
Education and trading tools at Goat Funded Trader — 1
The firm provides little to no educational resources to traders but has several tools available to support their progress. A trader dashboard is an important tool offered by Goat Funded Trader that allows traders to check their progress, balance, and more. The firm does not offer webinars, seminars, or trading courses. Goat Funded Trader gets a 1 score in this section.
Customer Support at Goat Funded Trader — 2.4
The firm offers customer support via live chat and email channels. The live chat is an advanced plugin with built-in help center and email support capabilities. There is no hotline support, but the firm is available on Discord. The firm is also active on social media. Goat Funded Trader receives a 2.4 score for lacking hotline support and more than 5 languages.
Frequently Asked Questions
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