Goat funded trader
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Goat Funded Trader Review

( 5% discount Code: PROPFIRMSINSIGHTS )

At Goat Funded Trader, traders experience a commitment to success with 24/7 customer support, refundable fees, and profit splits up to 95%. With account sizes up to $200,000, top-notch tools, and competitive commissions, it’s a prop firm setting traders up for achievement.

Master the Art of Funded Trading with Goat Funded Trader

Pros
Cons
Multiple Account Types
High Profit Split
Scalable Funding
Clear Evaluation Process
Flexible Trading Styles
Suitable for Professional Traders
Low Drawdown Limits
No 24/7 Support
Higher Evaluation Costs
Strict Trading Rules

What is a Goat Funded Trader ?

Goatfundedtrader

Your Path to Financial Mastery with Goat Funded Trader

At Goat Funded Trader, we understand that every trader has a unique approach and goal. That’s why we offer various pathways to financial success, catering to traders of all skill levels, from complete beginners to seasoned professionals. Whether you’re seeking to challenge yourself, scale your profits, or earn funding, we have an evaluation system that matches your needs.

We provide four distinct account types and three different evaluation methods, each designed to allow traders to showcase their skills, pass evaluations, and earn fully funded trading accounts. Through our one-step and two-step challenges, traders can demonstrate their performance and be rewarded accordingly. The process is fair, transparent, and performance-based, meaning your funding is determined solely by your trading skills and results.

Let’s take a closer look at the opportunities available to you and how you can start your journey to financial mastery.

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One-Step Challenge

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Two-Step Challenge

One-Step Challenge

One step challenge

The One-Step Challenge is perfect for traders who want a straightforward evaluation process. This challenge is ideal for individuals who prefer quick results and want to skip the long evaluation stages.

Key Features

  • One-step evaluation: Complete the challenge in just one step.
  • Daily Drawdown Limits: A limit on how much the balance can decrease per day.
  • Profit Target: The goal is to reach a specific profit amount within the evaluation period.

Types

  • Standard Account: This account is designed for most traders, offering a balanced risk/reward ratio.
  • High-Risk Account: For traders who prefer higher risk in exchange for greater profit potential.
Account TypeStarting BalanceProfit Target Max Drawdown Evaluation Fee
Standard Account $25,000 10% 5% $99
High-Risk Account $50,000 10% 8% $149

Real Example

For the Standard Account with a $25,000 starting balance, the trader must hit a profit target of $2,500 to pass the evaluation. The trader can only risk up to $1,250 in daily drawdowns to maintain a valid evaluation.

Two-Step Challenge

The Two-Step Challenge is designed for traders who prefer more time to demonstrate their consistency. This challenge is structured with two phases: a preliminary evaluation, followed by a second stage where the trader must prove their sustained success.

Key Features

  • Step 1: Traders complete a set of goals, such as profit targets and drawdown limits.
  • Step 2: After passing Step 1, traders move on to a second phase, where they continue to demonstrate consistent performance.
  • Longer Time Frame: More time is provided to pass the evaluation, making it ideal for traders who prefer less pressure.

Types

  • Starter Account: A smaller initial balance for those just starting.
  • Advanced Account: A larger starting balance designed for experienced traders who can handle more risk.
Account TypeStarting BalanceProfit Target Max Drawdown Step 2 Starting Balance
Standard Account $10,000 8% 4% $20,000
Advanced Account $50,000 10% 5% $100,000

Real Example

For the Starter Account with a starting balance of $10,000, Step 1 requires you to achieve a profit target of $800. Upon successful completion, you move on to Step 2, where you receive a $20,000 funded account.

Goat Challenge

Goat funded trader goat challenge

The Goat Challenge is one of the most popular options for traders looking for flexibility. It provides traders with the freedom to scale up their accounts as they progress, while ensuring the challenge is not time-limited.

Key Features

  • Flexible Rules: Adjustable risk levels based on trader performance.
  • No Time Pressure: Traders can take as long as they need to complete the challenge, focusing on consistent profits.
  • Support: Traders receive personalized support and feedback throughout the challenge to help them succeed.

Types

  • Basic Goat Challenge: For traders who are newer to funded trading or prefer a smaller account balance.
  • Pro Goat Challenge: Designed for more experienced traders with a larger initial balance and higher targets.
Account TypeStarting BalanceProfit Target Max Drawdown Scaling Plan
Pro Goat $50,000 12% 6% Yes, scaling allowed
Basic Goat $10,000 8% 4% No scaling

Real Example

For the Pro Goat Challenge starting with $50,000, your goal is to reach a profit of $6,000 (12%) within the challenge. As you achieve this target, you will have the opportunity to scale your account, increasing your trading balance.

Goat Challenge Scaling Plan Example

The Scaling Plan in the Goat Challenge allows traders to progressively increase their account size as they meet their profit targets. This approach provides more opportunities for growth and better profit potential over time.

Key Features

  • Progressive Growth: As you meet your profit targets, your account balance increases.
  • Risk Management: Scaling only occurs after meeting consistent profitability and maintaining a strict drawdown rule.
Month Starting Balance Required Profit Max Drawdown
Month 1$10,00010%5%
Month 2$12,000 10% 5%

Real Example

If you start with $50,000 and achieve a 10% profit in Month 1, your balance increases to $60,000. In Month 2, with the same performance, you reach a $6,000 profit, bringing your balance to $72,000.

No Time Limit Challenge Scaling Plan Example

The No Time Limit Scaling Plan allows traders to grow their accounts without a time limit. As profits accumulate, your balance scales up, enabling you to trade larger positions and grow your potential earnings.

Month Starting Balance Required Profit Max Drawdown
Month 1$10,00010%5%
Month 2$12,000 10% 5%

Real Example

Starting with $10,000, you reach a profit of $1,000 in Month 1, bringing your balance to $12,000. The scaling plan allows you to continue growing your account in Month 2 as you reach another 10% profit target.

Classic Challenge

The Classic Challenge offers a traditional evaluation system where traders must complete the challenge within a fixed time frame. This challenge is best suited for those who like structured goals and deadlines.

Key Features

  • Fixed Evaluation Period: Complete the challenge within a set time limit.
  • Clear Rules: Profit targets, drawdown limits, and timeframes are predefined.
  • Suitable for Structured Traders: Great for those who prefer well-defined goals.

Types

  • Basic Classic Account: Designed for beginners with smaller targets.
  • Pro Classic Account: Larger starting balances for more experienced traders.
Account Type Starting Balance Profit Target Max Drawdown Evaluation Fee
Pro Classic $50,000 10% 5% $199
Basic Classic $10,000 8% 4% $79

Real Example

For a Basic Classic Account with $10,000, you need to achieve $800 in profits within 30 days. The maximum daily drawdown is $400, and you must stick to these rules to pass the challenge.

Classic Challenge Scaling Plan Example

The Classic Challenge Scaling Plan allows for progressive account growth, similar to the Goat Challenge scaling plan, but within the confines of a fixed time period.

Month Starting BalanceRequired Profit Max DrawdownNew Balance After Scaling
Month 1$10,0008%4%$12,000
Month 2$12,00010%5%$14,400

Real Example

If you start with $10,000 and achieve 8% profit ($800) in Month 1, your balance increases to $12,000. In Month 2, you can achieve 10% profit on this new balance, bringing it to $14,400.

Key Features of Goat Funded Trader

Goat Funded Trader is built with several key features that make it attractive to traders of all skill levels:

Key features fo goat funded trader

Competitive Profit Splits

One of the standout features of Goat Funded Trader is its profit-sharing structure. Depending on the account type, traders can enjoy a profit split of up to 85%. This gives traders the incentive to perform well while maximizing their earnings. High profit-sharing rates make the platform an attractive option for traders seeking to scale their profits.

Access to Trading Platforms

Goat Funded Trader supports industry-standard platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are known for their stability, advanced charting tools, and compatibility with Expert Advisors (EAs), allowing traders to automate their strategies effectively.

Flexible Trading Rules

The platform offers flexibility in terms of trading strategies, including scalping, news trading, and the use of EAs (Expert Advisors). This makes it suitable for traders who wish to implement diverse trading techniques and capitalize on market opportunities.

Fast Funding and Payouts

Goat Funded Trader provides quick funding options. Once you pass the evaluation phase, your trading capital is allocated promptly, with payouts processed quickly to ensure you can access your profits without delays.

Account Types at Goat Funded Trader

Understanding the different account types offered by Goat Funded Trader is crucial to choosing the right plan for your trading goals.

Account TypeMax. FundingProfit SplitTarget ProfitDrawdown LimitTrading Style
Elite$500,00085%12%5% daily, 15% overallPerfect for professional traders
Standard$50,00070%10%5% daily, 10% overallSuitable for traders with a conservative approach.
Pro$200,00080%10%5% daily, 12% overallDesigned for more aggressive traders who aim to maximize returns.

How Does Goat Funded TraderWork?

Goat Funded Trader works by offering traders a chance to access capital after passing an evaluation. The evaluation process includes two key phases:

Phase 1: Demonstrating Consistency

  • Traders must meet the target profit while staying within drawdown limits.
  • This phase typically lasts for 14 days and ensures that traders can handle risk responsibly.

Phase 2: Scaling Your Account

  • Once you pass Phase 1, you will enter Phase 2, where you have to meet the same profit targets and rules for another 30 days.
  • If successful, you will be funded and given access to your trading capital.

Advantages of Goat Funded Trader

There are several reasons why traders choose Goat Funded Trader over other proprietary trading firms:

Advantages of goat funded trader

1. High Profit Split

With profit splits of up to 85%, Goat Funded Trader ensures that traders are incentivized to perform well. This is one of the highest profit splits in the industry, making it an attractive choice for those who want to keep most of their earnings.

2. Flexibility in Trading Styles

Unlike many proprietary trading firms that have strict rules, Goat Funded Trader allows traders to use various strategies like scalping and news trading, giving them the freedom to choose what works best for them.

3. Minimum Investment

Starting with Goat Funded Trader is relatively easy, with minimum investment amounts starting from as low as $200. This low barrier to entry allows even beginner traders to access the potential of prop trading.

4. Transparent Evaluation Process

The evaluation process at Goat Funded Trader is clear and straightforward, with no hidden fees or unexpected conditions. Traders know exactly what to expect and can plan their strategies accordingly.

5. Fast Withdrawals

Traders can withdraw their profits easily, typically within a 3-5 business day window. This ensures you can access your profits promptly after meeting the platform’s payout conditions.

Trading Instruments Offered by Goat Funded Trader

Trading instruments offered by goat funded trader

Goat Funded Trader provides access to a wide range of instruments, ensuring traders can diversify their portfolios and implement various trading strategies. Some of the key instruments available include:

  • Forex: Major, minor, and exotic currency pairs.
  • Indices: S&P 500, Dow Jones, NASDAQ, and more.
  • Commodities: Gold, oil, and other precious metals.
  • Cryptocurrencies: Bitcoin, Ethereum, and other digital currencies.

This variety allows traders to adapt to different market conditions and capitalize on a diverse set of opportunities.

Goat Funded Trader vs Other Prop Trading Firms

 When comparing Goat Funded Trader with other popular proprietary trading firms like FTMO and MyForexFunds, several key advantages stand out:

FeatureGoat Funded TraderFTMOMyForexFunds
Evaluation Phases2 phases2 phases2 phases
Withdrawal FeesLow/No feesLow/No feesLow/No fees
Trading StylesFlexible(Scalping, News Trading)StrictFlexible
Minimum InvestmentLow ($200)ModerateLow ($50)
Profit SplitUp to 85%Up to 90%Up to 85%
Max Funding$500,000$200,000$200,000

While FTMO offers slightly higher profit splits, Goat Funded Trader’s flexibility in trading strategies and higher funding potential for top accounts makes it a strong competitor.

Is Goat Funded Trader Right for You?

Goat Funded Trader is a fantastic platform for both new and experienced traders. Whether you’re looking for fast payouts, flexible trading rules, or the opportunity to manage large amounts of capital, Goat Funded Trader offers a competitive edge in the prop trading space.

If you’re ready to scale your trading career and work with a firm that offers great profit splits, fast funding, and flexible strategies, Goat Funded Trader is definitely worth considering.

Conclusion

Goat Funded Trader provides a solid opportunity for traders looking to access substantial funding and scale their trading strategies. With a range of account types designed to accommodate both conservative and aggressive traders, it offers flexible options for those at different experience levels. The higher profit splits and realistic profit targets are significant benefits for traders seeking a structured yet rewarding platform. However, the higher evaluation costs and limited support outside business hours might pose challenges for some. 

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