Hi, welcome to my Goat Funded Trader Review.
Many prop firms are currently scrambling for traders in the forex market.
All these prop firms claim to be the best, offering traders different trading opportunities and financial support.
In fact, their main aim is to make every trader realize their talent in trading and achieve their financial support.
However, not all prop firms are perfect; some might be good, while others might mislead you when you trust your investment.
For this reason, it’s important to first research the prop firm and learn more about it before you can start trading with them.
For instance, Goat Funded Trader is among the prop firm currently offering financial support for traders to succeed.
According to the program, the trading objectives they offer are to make you prove your ability, skills, and discipline as a trader.
The prop firm claims to offer traders multiple product options based on the trader’s experience.
With their multiple options, they are targeting traders of different skill levels and experience to get a chance to succeed using their services.
For this reason, the program claims to allow you to realize your path toward success in the forex market.
The prop firm claims to help you with their full and reliable support when you seek guidance.
However, you may not fall on their services based on these claims; there is much more you need to learn to help you get the full information.
So, in this review, I’ll help you out by providing you with detailed information to expose the truth about the prop firm.
With that in mind, let’s begin…
Summary Of Goat Funded Trader Review
Product Name: Goat Funded Trader
Product Type: Proprietary Firm
Evaluation Fee: Starts from $145, which depends on the account type and size.
Official Site: https://www.goatfundedtrader.com/
Overall Rating: 7/10
My Recommendation: Not for everyone; kindly read this review to learn more.
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Goat Funded Trader Review – Overview
Goat Funded Trader is one of the platforms that provides traders with the finance and support they need to get to their success.
Their trading objectives and support help you prove your ability to trade in the forex market and earn profits.
In their platform, they have two accounts aimed at helping you have multiple options to choose from and start trading.
In the two accounts, you have many account sizes with different account balances starting from as low as $15,000.
The highest account size offered in the platform has a balance of $200,000.
The multiple options of the account sizes provide traders of different financial backgrounds and experience levels a chance to join the prop firm.
For instance, if you’ve great confidence in trading in the forex market and lack capital, you can choose the lower account size that fits you.
You’ll then trade with the account size to realize your path to success in the forex market.
However, to get the opportunity to enjoy the services on the platform, you must pass through their evaluation stage.
With their evaluation stage, the platform tries to test your discipline and experience level as a trader.
The program aims to work with traders who can succeed in the forex market.
According to the prop firm, your success in their goal claims to offer traders a profit share of up to 95%.
In addition, the program claims to offer 24/7 customer services with the lowest profit targets and the best trading tools you need to trade in the market.
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Pros Of Goat Funded Trader
- No time limit is required.
- Offers a profit split of up to 95%.
- No minimum trading days are required.
- Has a lowered and realistic profit target in the market.
- Offers a weekly Goat payout after 4th
- Allows news trading.
- Does not have hidden rules.
- Offers a 100% refund on the registration fee after the first payout.
Cons Goat Funded Trader
- Does not offer a scaling plan.
- The maximum drawdown limit is too high.
- Still new in the market
Who Should Sign Up with Goat Funded Trader?
The program aims to work with experienced traders who are consistent in their trading journey.
In addition, you must be disciplined and respect the rules set in the program to succeed in the platform.
Who Should Not Sign Up with Goat Funded Trader?
The program does not accept traders below 18 years, and it is less profitable to trade with their platform.
In addition, if you are not experienced enough or cannot meet their trading requirements, the prop form will not work for you.
What Is Goat Funded Trader?
Goat Funded Trader is a prop firm that offers traders the opportunity to get to their success path in the forex industry.
The program allows traders to trade different assets, such as forex pairs, commodities, cryptocurrencies, equities, etc.
In addition, the prop firm offers a variety of account sizes in their classic and no-limit account to accommodate traders of different financial backgrounds.
On the other hand, the program allows you to trade in both Metatrader44 and Metatrader5 platforms.
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How Does Goat Funded Trader Work?
Goat trader offers traders objectives to help them realize their success towards success in the forex market.
However, to get the opportunity to start trading with the capital from the Goat Live account, you must pass a test.
The prop firm uses a two-step evaluation stage to test its traders’ experience level before allowing them to trade with the company’s capital.
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Here is what is contained in the evaluation stage:
Two Step Evaluation
Whether you work with the classic or no time limit account type, you must pass through the two-step evaluation.
No time limit account
Five different account sizes provide you with multiple options in the no-time limit account type.
The account sizes include; a $15,000 account, $25,000 account, $50,000 account, $100,000 account size, and $200,000 account.
The evaluation stage in every account size starts from the first phase.
Phase One Evaluation
In phase one of the evaluation stage, here is what you will get:
- Profit target of 8%.
- No minimum trading days.
- Daily drawdown of 5%
- The maximum drawdown of 8%.
- No time limit for the trading period.
- The trading leverage is up to 1:100.
- No profit share for traders.
- No monthly fees for traders.
Phase Two Evaluation
You will automatically proceed to the second phase when you meet all the requirements in the phase one evaluation.
In phase two, here is what you will get:
- The profit target reduces to 5% in this phase.
- There are no minimum trading days for traders.
- The maximum daily drawdown is 5%.
- The maximum drawdown is 8%.
- There is no limit to the trading period.
- The trading leverage is up to 1:100.
- There is no profit split for traders in this phase.
- The program also does not require a monthly fee in this phase.
Goat Account
When you pass the second phase of the evaluation stage, you will get the opportunity to join the Goat Account.
Join the Goat Account allows you to trade with the company’s capital in the forex market.
In the Goat Account, there is no profit target set for traders allowing you to trade at your target and maximize your earnings.
Up to ten minimum trading days are set for all Goat account traders in the first month.
The daily drawdown in the Goat account remains at 5%, with the maximum drawdown at 8%.
There is no time limit in the trading period in the goat account, and you can trade with a leverage of up to 1:100.
When you start making profits, the prop firm awards you a share of up to 95% and a weekly payout from your fifth withdrawal.
However, you must trade for at least one month to request your first payout.
After the first payout, your second, third, and fourth payout will be done bi-weekly.
There is also no monthly fee in the Goat account, with the program promising to refund the registration fee when you make your first payout.
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Classic Account
In the classic account type, up to five account sizes provide you with multiple accounts.
The account sizes include; a $15,000 account, a $25,000 account, a $50,000 account, a $100,000 account size, and a $200,000 account.
There is a two-stage evaluation for every account size, which starts from the first phase,
Phase One Evaluation
In phase one of the evaluation stage in the classic accounts, here is what you will get:
- Profit target of 8%.
- No minimum trading days.
- Daily drawdown of 5%
- The maximum drawdown of 10%.
- The trading period is set at 30 days in this phase.
- No profit share for traders.
- No monthly fees for traders.
- The trading leverage is up to 1:100.
Phase Two Evaluation
You will automatically proceed to the second phase when you meet all the requirements in the phase one evaluation.
In phase two, here is what you will get:
- The profit target reduces to 5% in this phase.
- The maximum daily drawdown is 5%
- There are no minimum trading days for traders.
- The maximum drawdown is 10%.
- The maximum trading period is 60 days.
- There is no profit split for traders in this phase.
- The trading leverage is up to 1:100.
- The program also does not require a monthly fee in this phase.
Goat Account
When you pass the second phase of the evaluation stage, you will get the opportunity to join the Goat Account.
Join the Goat Account allows you to trade with the company’s capital in the forex market.
In the Goat Account, there is no profit target set for traders allowing you to trade at your target and maximize your earnings.
Up to ten minimum trading days are set for all Goat account traders in the first month.
The daily drawdown in the Goat account remains at 5%, with the maximum drawdown retained at 10%.
There is a minimum trading day of 10 days in the first month, and you can trade with a leverage of up to 1:100.
When you start making profits, the prop firm awards you a share of up to 95% and a weekly payout from your fifth withdrawal.
However, you must trade for at least one month to request your first payout.
After the first payout, your second, third, and fourth payout will be done bi-weekly.
There is also no monthly fee in the Goat account, with the program promising to refund the registration fee when you make your first payout.
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What Are The Trading Rules Used In Goat Funded Trader?
Goat Funded trader claims to have the best and simplest trading rules.
The trading rules are straightforward and easy to understand and follow when trading with them.
According to the program, the trading rules prioritize the profitability and consistency of traders and risk management.
Here are the trading rules of priority in the platform:
Profit Target Of 8% In Phase One
In phase one of the evaluation stage of both Classic and no time limit accounts, traders must reach a profit target of 8%.
The profit target should be reached within thirty calendar days while respecting all other rules for you to pass the phase one stage.
The day starts counting from the first calendar day you placed your first trade in the system.
In the circumstance where you are ending, you’re trading with profits and respecting other rules but running out of time; worry less.
The prop firm offers you a free retry to help you have another chance of passing the stage and merging to phase two.
Profit Target Of 5% In Phase Two
In phase two of the evaluation stage, the profit target is reduced to 5% for classic and no-time-limit accounts.
The profit target is expected to be met within sixty days of trading on the platform.
The days start counting from placing your first trade in the second phase.
When you reach the goat account, classic and time-limit accounts have no profit target.
Minimum Trading Days
No minimum trading days are set for traders in the evaluation phases of both the classic and no-time-limit accounts.
No Trading Restriction
The prop firm does not restrict their traders with any limitation when using their platform in the market.
However, the prop firm advises its members to remain consistent and prioritize risk management, especially for long-term success.
You must also be aware of the trading rules before you start trading.
Overall Drawdown Limit At 10%
When using its platform, the program sets its maximum draw-down limit at 10%.
For this reason, the program does not expect your account to have a drawdown of more than 10%.
You can always log in to your dashboard and keep track of it to ensure you don’t violate this rule.
Daily Draw Down Limit Of 5%
Your account must not experience a daily drawdown of more than 5% of your starting balance of the day.
This rule calculates every trading day and produces reports daily.
Weekend Trading
Goat Funded Trader allows you to trade during weekends if you wish to do so.
If you decide to hold your trading during the weekends, you are free to do so and will not be charged for your actions.
What Instruments Can You Trade With Goat Funded Trader?
When you become a Goat Funded Trader team member, the platform allows you to trade many instruments.
The instruments include:
- Forex pairs
- CFD Indices
- Metals
- Commodities
- Equities
What Is The Goat Funded Trader Scaling Plan?
As per information on the Goat Funded Trader website, the company does not talk about a scaling plan.
For this reason, there is no guarantee that you may have your account scaled up once you join the program.
If you want to trade with a more extensive account size, it will force you to purchase an account with a larger account balance.
In addition, you can make your account grow by maximizing your earnings and reducing your withdrawals.
What Is The Goat-Funded Trader-Trusted Broker?
Goat Funded Trader uses thinkmarket as their trusted broker.
By partnering with the thinkmarket broker, the platform allows you to trade with the latest technology of MetaTrader4 and Metatrader5.
This provides you with more opportunities to exercise your ability and skills in trading with the best platform of your choice.
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What Are The Benefits Of Joining Goat Funded Trader?
Goat Funded Trader prop firm claims to provide many benefits when you join their platform.
Here are the top benefits I gave my priority:
- No minimum trading days
The prop firm does not set any minimum trading days for its traders, especially in the evaluation stage.
This allows traders to utilize their trading skills to successfully pass their evaluation stage at their own speed.
- Offers the best profit share
Goat funded trader offers a profit split of up to 95% to traders with the Goat Account.
The higher profit share is currently the best compared to other prop firms available in the market.
The profit share comes with a weekly payout offer which you will enjoy after your fourth payout.
- Best profit target
Goat Funded Trader has the best profit target compared to other prop firms in the market.
They currently set their target at 8% and 5% in the evaluation stage, with most prop firms setting their targets at 10%.
The lower profit targets make passing their evaluation stage more realistic and easier for most traders.
- 100% Bonus Fee Back
When you get into the Goat Account in the platform, the Goat Funded Trader offers you an opportunity to reclaim 100% of your fee.
You are eligible to receive back your fee upon requesting your first payout from the program.
For this reason, you will not have to worry about your fee disappearing when you pass the evaluation stage.
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What Is The Cost Of Joining The Goat Funded Trader?
Goat Funded Trader platform does not request any fee from traders when joining their platform.
The platform offers a free sign-up with no other monthly or recurring fees when you join their trading team.
However, to get your trading account, you will have to pay the purchase fee, which depends on the type and size of your account.
There are two types of accounts you can purchase your account size from, which include the following;
No Limit Account
In the no-time limit account, up to five account sizes are available for traders.
The account sizes vary from the smallest account with an account balance of $15,000 and the largest account size with a balance of $200,000.
Here are the account sizes with their corresponding purchase fee in the no-limit account:
- $15,000 account size with a purchase fee of $150.
- $25,000 account size with a purchase fee of $200.
- $50,000 account size with a purchase fee of $295.
- $100,000 account size with a purchase fee of $515.
- $200,000 account size with a purchase fee of $930.
Classic Account
The second account type in the platform is the classic account with up to five account sizes.
The account sizes have their purchase fee as follows:
- $15,000 account size with a purchase fee of $145.
- $25,000 account size with a purchase fee of $185.
- $50,000 account size with a purchase fee of $295.
- $100,000 account size with a purchase fee of $515.
- $200,000 account size with a purchase fee of $985.
According to the platform, all these purchase fees are refunded once you reach the Goat Live account.
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The refund will be when you profit from your Goat Live account.
You cannot reclaim your registration fee if you don’t get the Goat Live account.
The platform also prevents you from getting the fee back when your account was breached for violating their rules.
On the other hand, the registration fees for all the accounts are one-time fees payable during registration time.
Once you have paid for your account, you will start your trading session in the evaluation stage.
You will not be required to pay any other fee in the program to get to the Goat Live account.
Is Goat Funded Trader A Scam?
In my view, Goat Funded Trader prop firm is not a scam.
If you pass their assessment process through the two-phase evaluation stage, you can trade with their capital in the Goat account.
You can earn profits and achieve financial freedom by trading with their capital.
However, getting into their Goat account and earning profits from the forex market might not be easy for everyone.
The program only targets to work with disciplined traders who can be consistent in their trade and earn profits.
If you are not consistent in your trading and not profitable, you might be unable to pass their evaluation.
Failing to pass their evaluation may make you lose your account and not get your Goat Account.
My Assessment Of The Goat Funded Trader
Profits Split – 10/10
Goat Funded Trader has the best profit share in the market compared to other prop firms.
The higher profit shares enable traders to maximize their earnings and achieve their financial goals.
In addition, the higher profit shares make it easy for traders to grow their account sizes with their earnings.
Scaling Opportunities – 0/10
The prop firm does not offer any scaling opportunities, as per information from their website.
For this reason, there is no guarantee that the program might help you scale your account unless you maximize your earnings.
Profits Targets – 8/10
Goat Funded Trader offers a lower profit target for their traders in the evaluation account.
The lower profit targets ensure more traders can pass the stage and get to the Goat account.
Affordability – 8/10
The services offered in the prop firm are much more affordable as they offer as low as 145 dollars for the $15000 account.
This makes it easy for many traders from different financial backgrounds to get the opportunity to trade on their platform.
In addition, the prop firm promises traders to offer them a 100% fee back as a bonus when they make their first payout on the platform.
Trader Supports – 7/10
The prop firm offers 24/7 customer support to its traders to ensure they get the best of their services.
The support targets different categories of traders, including beginners and experienced ones.
Tradable Assets – 7/10
The prop firm offers a variety of tradable assets, including forex pairs, cryptocurrencies, indices, equities, and commodities.
Trustworthiness – 7/10
The services provided by the prop firm are much more reliable, making it build a reputation among its loyal traders.
According to the platform’s testimonies, many traders feel satisfied with the services they get from the forum.
My Overall Rating: 7/10
In general, I recommend the prop firm with a rating of 7/10, and it can be a good opportunity for a trader who wants to venture into the forex market.
What Are People Saying
There are many reviews from traders and people about the prop firm’s services online; let’s look at its performance on the top platforms;
Trustpilot
The Goat Funded Trader has three reviews in the Trustpilot with a rating of 3.9, as shown below.
The program has 5198 followers on its Instagram page, with 68 posts already available.
Overall
The Goat Funded account generally has a positive reputation despite being new in the market.
The platform has excellent opportunities targeting traders who want to succeed in the forex market.
FAQs About Goat Funded Trader
Is There Any Person Who Can Trade With My Account Beside Me?
The program only allows their challenges to be operated by a single account owner and cannot be modified upon completing the phase.
For this reason, sharing your login details with another trader is prohibited and may lead to your account being closed when detected.
In addition, the platform does not allow VPN or VPS when trading and has some data tracking within the system to help them detect such practices.
Does Goat Funded Trader allow hedging?
The platform allows hedging within accounts if a trader wishes to do so.
You need to remember that hedging within the account can help reduce the required margin, as the MetaTrader4 platform is a netting platform.
However, Goat Funded Trader does not allow hedging positions across multiple accounts, and violating this rule might lead to a hard breach of your account.
Does The Goat Funded Trader Offer A Free Retry?
While in phase one, if you run out of time but are still on profits, you can still request a free retry.
The prop firm offers its traders a second opportunity to recover in their trading journey, especially if they are profitable but have run out of time.
However, the free retry is only offered once, and you may not reclaim another chance after your first request is approved.
How Long Does It Take To Complete An Evaluation Stage In The Goat Funded Trader?
When you enroll for a classic evaluation, you have up to thirty days to complete the fists phase and sixty more days to complete the second phase.
When you choose to trade with the no-limit evaluation, you can change until you get the profit target or get breached.
For this reason, it’s upon traders to decide on the type of evaluation they are comfortable with trading within the platform.
When Does My Evaluation Start After Joining The Goat Funded Trader?
When you join the Goat Funded Trader, you will be much more interested in getting your evaluation started for you to move to the funded account faster.
You must purchase your trading account and place your first trade on the platform to start your evaluation.
After placing your first trade, your evaluation will automatically start, and your trading days will start counting.
How Often Can I Request A Payout In Goat Funded Trader?
When you start making a profit in your funded account, the prop firm allows you to make withdrawals for your earnings.
However, you will have to take at least thirty days after placing your first trade in the funded account to be able to request a withdrawal.
Upon receiving your first withdrawal, the program allows you to make your second and continuous withdrawals bi-weekly.
Thank you for reading my Goat Funded Trader Review.