Review
Goat Funded Trader
"Empower Your Trading with Goat Funded Trader: Unlock Success"
"Goat Funded Trader: Exceptional Trading Experience | 24/7 Global Support, Refundable Fees, Low Targets | Best Tools, Competitive Commissions, Tight Spreads | Two-Step Funding Programs"
Goat Funded Trader is a specialized trading company committed to empowering traders to achieve success in a remarkable trading setting. We focus on delivering a superior trading experience to traders worldwide, ensuring access to 24/7 customer support, fees that can be refunded, conservative profit goals, state-of-the-art trading tools, competitive commission rates, narrow spreads, and the choice between two-step funding programs. Our mission is to enable traders to realize substantial profits while managing account sizes of up to $400,000 and benefiting from profit splits of up to 95%. Our extensive range of trading options covers forex pairs, commodities, indices, equities, and cryptocurrencies.
Who are Goat Funded Trader
Goat Funded Trader, founded on May 17th, 2023, is a distinctive proprietary trading company. It offers traders the chance to trade with a capital balance of up to $800,000, allowing them to enjoy profit shares of up to 95%. In a strategic collaboration, they have joined forces with ThinkMarkets, a well-known brokerage firm. The firm’s main offices are located in the Canary Islands, Spain. Edoardo Dalla Torre serves as the CEO of Goat Funded Trader.
Funding Options
Goat Funded Trader offers its traders two two-step evaluation funding programs to choose from:
- No Time Limit Evaluation
- Classic Evaluation
No time limit evaluation
The Goat Funded Trader’s evaluation program account, characterized by its absence of time constraints, strives to identify committed and skilled traders who demonstrate consistent performance throughout a comprehensive two-phase evaluation period. The program provides the opportunity to trade with leverage of up to 1:100.
Phase one of the evaluation process necessitates that a trader achieves an 8% profit target while ensuring that their losses do not exceed 5% per day or 8% overall. The sole requirement is to meet the profit target within an unspecified time frame. Moreover, there is no minimum number of trading days necessary to progress to phase two.
Phase two of the evaluation process requires traders to attain a 5% profit target while adhering to the 5% daily loss limit and the 8% maximum loss rule. Similar to phase one, the only requirement is to reach the profit target within an unspecified time frame. Furthermore, there are no minimum trading day requirements to advance to a funded account.
Upon successfully completing both evaluation phases, traders are granted a funded account without specific profit targets. The only obligations are to abide by the 5% daily loss limit and the 8% maximum loss rule. The first payout is scheduled 30 calendar days after initiating trading on the funded account, with a minimum trading period of 10 calendar days within those 30 days. The initial profit split consists of 75% based on the profits generated in the funded account. Subsequent profit splits of 80%, 85%, and 90% can be requested bi-weekly, followed by weekly payouts after the fifth split. Traders may also request an increase in the profit split to 95% by meeting specific criteria and obtaining approval from the firm’s support team.
The no-time limit evaluation program does not include a scaling plan. Trading instruments available for these accounts encompass forex pairs, commodities, indices, equities, and cryptocurrencies
No Time Limit Evaluation program account rules
- The profit target refers to a specific percentage of profit that must be achieved by a trader to successfully complete an evaluation phase, withdraw profits, or expand their account. In phase 1, the profit target is set at 8%, while in phase 2, it is 5%. Funded accounts do not have profit targets.
- The maximum daily loss represents the highest allowable loss a trader can incur within a single day before violating their account terms. For all account sizes, the maximum daily loss is limited to 5%.
- The maximum loss refers to the highest permissible cumulative loss that a trader can experience before violating their account terms. This applies to all account sizes, with a maximum loss limit of 8%.
- The minimum trading days signify the minimum duration for which a trader is required to engage in trading activities before completing an evaluation phase or making a withdrawal. Evaluation phases do not have a minimum trading day requirement. However, on a funded account, a minimum of 10 trading days must be completed before becoming eligible for the first payout.
- Third-party copy trading risk entails the consideration that when using copy trading services provided by a third party, there may already be other traders employing the same trading strategy. Engaging in third-party copy trading carries the potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.
- Third-party EA risk denotes the acknowledgment that when utilizing a third-party EA (Expert Advisor), there may be other traders already using the same trading strategy. The use of a third-party EA poses the potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is surpassed.
Classic evaluation program account
The primary objective of the Goat Funded Trader’s classic evaluation program account is to identify proficient and dedicated traders, who are duly recognized for their unwavering performance during the comprehensive two-phase evaluation period. By participating in the classic evaluation program account, traders gain the opportunity to engage in trading activities with leverage of up to 1:100.
Phase one of the evaluation process entails the trader achieving an 8% profit target without exceeding the maximum daily loss of 5% or the maximum overall loss of 10%. The trader must reach the profit target within 30 days starting from the day they initiate their first trade in the evaluation account. However, there are no minimum trading day requirements to proceed to phase two.
Phase two of the evaluation process requires the trader to attain a 5% profit target while adhering to the maximum daily loss of 5% and the maximum overall loss of 10%. The trader must achieve this profit target within 60 days from the day they initiate their first trade in the evaluation account. Similar to phase one, there are no minimum trading day requirements to advance to a funded account.
Upon successful completion of both evaluation phases, the trader will be granted a funded account, wherein profit targets are not imposed. The only requirements are to observe the maximum daily loss of 5% and the maximum overall loss of 10%. The initial payout will be made 30 calendar days from the day the trader executes their first trade in the funded account. It is important to note that during these 30 days, the trader must engage in a minimum of 10 calendar days of trading. The first profit split will amount to 75% of the profits made in the funded account. Subsequent payouts, consisting of 80%, 85%, and 90% profit splits, can be requested on a bi-weekly basis. After the fifth payout, the trader will be eligible to request weekly payouts. Moreover, the trader has the option to request an increase in the profit split to 95%, which is subject to meeting specific criteria and obtaining approval from the firm’s support team.
The classic evaluation program does not involve a scaling plan for the accounts. The trading instruments available for the classic evaluation program accounts encompass forex pairs, commodities, indices, equities, and cryptocurrencies.
Classic Evaluation program account rules
- The profit target refers to a predetermined percentage of profit that must be achieved by a trader before they can successfully conclude an evaluation phase, withdraw profits, or expand their trading account. Phase 1 requires reaching an 8% profit target, while Phase 2 entails a 5% profit target. Funded accounts do not have profit targets.
- Maximum daily loss denotes the highest allowable loss that a trader can incur within a single day before their account is considered in violation. Regardless of the account size, the maximum daily loss limit is set at 5%.
- The maximum loss represents the highest acceptable cumulative loss a trader can sustain overall before their account is deemed in violation. All account sizes have a maximum loss limit of 10%.
- Minimum trading days refer to the minimum duration that a trader must engage in trading before they can conclude an evaluation phase or initiate a withdrawal. Evaluation phases do not impose a minimum trading day requirement. However, for funded accounts, traders are obliged to engage in a minimum of 10 trading days before becoming eligible for their initial payout.
- Maximum trading days indicate the maximum timeframe within which a trader must achieve a specific profit target or withdrawal objective. Phase 1 allows a maximum trading period of 30 days, while Phase 2 allows a maximum trading period of 60 days.
- Third-party copy trading risk highlights the potential implications of utilizing copy trading services from external providers. It is important to consider that such services may be utilized by other traders employing identical trading strategies. Consequently, employing a third-party copy trading service carries the risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.
- Third-party EA risk emphasizes the potential consequences of utilizing a third-party EA (Expert Advisor) for trading purposes. Similar to copy trading services, it is essential to recognize that other traders may also be employing the same trading strategy through the use of a third-party EA. Consequently, employing a third-party EA carries the risk of being denied a funded account or withdrawal if the maximum capital allocation rule is surpassed.
What makes Goat Funded Trader different
Goat Funded Trader distinguishes itself from most top-tier proprietary firms by allowing traders to maintain their trading styles without imposing any regulatory constraints. Traders are free to participate in trading activities during news events, keep positions overnight, and even trade on weekends. Additionally, the company does not enforce any minimum trading day requirements, allowing traders to access funding as soon as they reach their profit targets.
The evaluation program provided by Goat Funded Trader, known as the “no time limit evaluation program,” consists of two phases that traders must successfully complete to become eligible for payouts. In the first phase, traders are required to attain an 8% profit target, while the second phase has a 5% profit target. Both phases include rules to limit daily losses to a maximum of 5% and overall losses to a maximum of 8%. Importantly, there are no minimum trading day obligations in either phase before achieving funded status. It’s worth noting that Goat Funded Trader’s evaluation programs do not include a scaling plan. Compared to other leading proprietary firms in the industry, Goat Funded Trader sets relatively modest profit targets and does not impose maximum or minimum trading day restrictions.
The Goat Funded Trader classic evaluation program is a comprehensive two-phase assessment program in which traders must successfully complete both phases to qualify for monetary rewards. In the first phase, traders must achieve an 8% profit target, while the second phase requires a 5% profit target. Throughout both phases, traders must adhere to specific risk management guidelines, including a maximum daily loss limit of 5% and a maximum overall loss limit of 10%. Additionally, there is no mandatory minimum trading day requirement for traders to secure funding. It’s important to highlight that Goat Funded Trader’s classic evaluation program differs from similar prop firms in the industry by featuring relatively moderate profit targets and lacking any mandatory minimum trading day requirements.
Goat Funded Trader stands out from most prominent proprietary trading firms by refraining from imposing any restrictions on your trading style. This means that you have the freedom to engage in trading activities during news events, hold positions overnight, and participate in trading activities over weekends, all without being subjected to any minimum trading day prerequisites.
Is getting capital realistic
Assessing the suitability of trading requirements is paramount when evaluating proprietary firms that align with your forex trading style. For example, while a company may appear attractive by offering a substantial percentage of profits on a well-capitalized account and expecting high monthly gains with low maximum drawdown percentages, the likelihood of achieving success is significantly reduced.
Obtaining capital through evaluation programs with no time restrictions is generally more practical. These programs often have modest profit targets, such as 8% in phase one and 5% in phase two, coupled with reasonable maximum loss regulations (5% maximum daily and 8% maximum loss). Additionally, these programs do not impose any limitations on the number of trading days, whether it’s a minimum or a maximum requirement.
Similarly, receiving capital through traditional evaluation programs is also a viable option, given their relatively low profit targets (8% in phase one and 5% in phase two) and average maximum loss restrictions (5% maximum daily and 10% maximum loss). Moreover, there are no mandatory minimum trading day requirements in these programs.
Considering all these factors, Goat Funded Trader stands out as an excellent choice for accessing funding. This is primarily because both the no-time limit and classic evaluation program accounts offered by Goat Funded Trader feature realistic trading objectives and conditions for qualifying for payouts.
Regarding payment proof, as of May 17, 2023, when Goat Funded Trader was incorporated, there is currently no information available regarding payout proof from their traders.
Which brokers does it use
The Goat Funded Trader utilizes ThinkMarkets as their broker. ThinkMarkets stands out as an esteemed online brokerage that specializes in multi-asset trading. It has its main offices in London and Melbourne. The company provides seamless access to a wide range of markets and offers highly acclaimed trading platforms, including MetaTrader 4, MetaTrader 5, and their own ThinkTrader platform.
When it comes to trading platforms, you have the option to engage in trading using MetaTrader 4 and MetaTrader 5.
Regarding the variety of trading instruments available, Goat Funded Trader enables you to trade forex pairs, commodities, indices, equities, and cryptocurrencies, all with leverage of up to 1:100.
Education and Support
The Goat Funded Trader website may have limited educational resources, but it compensates with a risk management trading tips article and a useful lot size calculator tool to aid traders. Despite not being featured on ForexFactory, it has gained considerable attention in a separate discussion titled “PROP FIRM HUB,” initiated by a user named Mastermind.
Furthermore, Goat Funded Trader offers a meticulously organized dashboard accessible to all their traders. This dashboard simplifies risk management by displaying trading goals and their corresponding statistics, streamlining the process for traders.
Goat Funded Trader provides a comprehensive FAQ page that contains the necessary information you may be seeking.
Our dedicated support team can be reached via social media channels, or you can directly contact them at support@goatfundedtrader.com.
Furthermore, we offer the convenience of live chat support through our website, where our team will readily assist you with any inquiries you may have.
Clients review
Goat Funded Trader has limited feedback from reviews.
On Trustpilot, they have only two reviews. However, this is normal since they started operating on the 17th of May, 2023. We will continue updating once there are more reviews of Goat Funded Trader in the future.
Social media stats
Goat Funded Trader can also be found on social media.
They have a:
- Twitter account with 4,567 followers,
- Youtube channel with 326 subscribers and 26 uploaded videos,
- Instagram account with 4,856 followers.
Goat Funded Trader also has a Discord channel with 2,275 members.
Conclusion
To summarize, Goat Funded Trader is a reputable proprietary trading company that offers two distinct two-step evaluation funding programs: the no-time limit and classic evaluations.
The no-time limit evaluation programs follow industry standards and involve a two-phase evaluation process. Traders must successfully complete both phases, achieving profit targets of 8% in phase one and 5% in phase two, in order to qualify for funding and profit sharing. These objectives are realistic and attainable, given the maximum daily loss limit of 5% and maximum loss limit of 8% that traders must adhere to. In the no-time limit programs, traders can earn profit splits ranging from 75% to 95%. It’s important to note that there is no scaling plan available for this particular funding program.
Likewise, the classic evaluation programs at Goat Funded Trader adhere to industry standards and consist of a two-phase evaluation process. Traders need to meet profit targets of 8% in phase one and 5% in phase two to become funded and eligible for profit sharing. These profit goals align well with the maximum daily loss limit of 5% and maximum loss limit of 10% that traders must follow. Through participation in the classic evaluation programs, traders can earn profit splits ranging from 75% to 95%. It’s worth mentioning that there is no scaling plan available for this funding program as well.
In my evaluation, I strongly recommend Goat Funded Trader to individuals in search of a proprietary trading firm with transparent and well-defined trading rules, especially those who have developed consistent trading strategies. Despite being a relatively new firm, Goat Funded Trader provides favorable conditions for a diverse range of traders with varying trading styles. Considering all the advantages and opportunities offered by Goat Funded Trader, the company has significant potential to establish itself as one of the leading proprietary trading firms in the industry.
