Goat Funded Trader Review

Goat Funded Trader is a proprietary trading firm devoted to ensuring trader success while delivering a remarkable trading platform.

Goat Funded Trader operates as a proprietary trading firm dedicated to championing a trader’s success, all while presenting traders with an extraordinary trading platform. Their offerings span 24/7 global customer service, reimbursable charges, minimal profit objectives, superior trading utilities, competitive fee structures, and narrow spreads. Furthermore, traders are empowered to manage sizable accounts up to $400,000 and enjoy profit shares as high as 95%. This can be accomplished through trading mediums like forex pairs, commodities, indices, equities, and cryptocurrencies.

Who are Goat Funded Trader?

Launched on May 17th, 2023, Goat Funded Trader positions itself as a proprietary trading entity. They empower traders with capital access up to $800,000 and profit sharing of up to 95%. Their collaboration with ThinkMarkets stands as their broker partnership.

The firm’s main operations center is in the Canary Islands, Spain.

Who leads Goat Funded Trader?

Spearheading Goat Funded Trader is CEO Edoardo Dalla Torre. A more comprehensive profile on the CEO will be available in subsequent updates.

Funding Program Breakdown

Goat Funded Trader extends two distinct two-step evaluation funding programs:

• No Time Limit Evaluation
• Classic Evaluation

Details on the No Time Limit Evaluation Program

Goat Funded Trader's no time limit evaluation program seeks to recognize dedicated and skilled traders, rewarding them for consistent performance over the two-stage assessment. With this program, traders can benefit from trading leverage up to 1:100.

Phase one of the evaluation mandates traders to achieve an 8% profit target, ensuring they don't breach the 5% daily loss or the 8% aggregate loss limitations. Only the profit target must be met without any time constraints. Moving on, there's also no minimum trade day prerequisite for transitioning to phase two.

Phase two mandates a 5% profit target, with similar daily and total loss restrictions as phase one. On successful completion, traders are provided a funded account. The fundamental rules to be adhered to here are the 5% daily loss and the 8% aggregate loss regulations. First payouts are dispensed 30 days post the initial trade on the funded account. At least 10 trade days within this period are necessary. The inaugural profit share stands at 75% of the accrued profits. Subsequent payout percentages (80%, 85%, and 90%) are dispensed bi-weekly. Post the fifth payout, weekly requests can be made. An elevation to 95% profit share can be negotiated, subject to specific criteria and the endorsement of the support staff.

Scaling Plan for No Time Limit Evaluation

This program doesn't encompass a scaling strategy.

Trading Tools for No Time Limit Evaluation

Permissible trading arenas are forex pairs, commodities, indices, equities, and cryptocurrencies.

Rules for the No Time Limit Evaluation program account:

• The profit target refers to a predetermined profit percentage that traders must achieve to finalize an evaluation phase, cash out profits, or enlarge their account size. In Phase 1, the set profit target is 8%, while for Phase 2, it stands at 5%. Notably, fully funded accounts aren't bound by any profit targets.
• The maximum daily loss is the highest loss threshold a trader can touch within a day before their account faces violations. This cap is consistently set at 5% across all account magnitudes.
• The maximum loss defines the utmost loss a trader can accrue in total before it compromises the account. This cap is consistently set at 8% for all account sizes.
• The term minimum trading days specifies the least duration one must trade to conclude an evaluation phase or to initiate a profit withdrawal. While evaluation phases do not impose any minimum day-to-day trading stipulations, funded accounts necessitate a minimum of 10 active trading days prior to qualifying for the first remittance.
• The notion of third-party copy trading risk highlights the potential pitfalls of employing copy trading platforms. Traders need to recognize that engaging a third-party copy trading system might align them with other traders using the identical trading tactics. Consequently, utilizing third-party copy trading services could jeopardize your chances of securing a funded account or making withdrawals, especially if the maximum capital distribution is surpassed.
• The third-party EA risk alerts traders to the perils of deploying an Expert Advisor (EA) from an external source. Engaging such an EA may sync you with other traders employing the same trading patterns. As a result, leveraging a third-party EA might threaten your eligibility for a funded account or potential withdrawals, especially if the max capital distribution is outstripped.

Classic Evaluation Program Details

Goat Funded Trader's traditional evaluation program seeks out dedicated and skilled traders, rewarding them for their consistent performance over a two-stage assessment. This classic evaluation program offers the opportunity to trade with leverage of up to 1:100.

For the first stage of evaluation, traders must achieve a profit goal of 7%, without breaching a daily loss of 4% or an overall loss of 10%. Participants need to attain this profit goal within 30 days starting from the initiation of their first trade on the assessment account. Importantly, there's no mandate on the minimum number of trading days to transition to the second stage.

The second stage mandates traders to achieve a 5% profit target without exceeding the 4% daily loss or 10% overall loss limits. This goal must be reached within 60 days from the initiation of the first trade in the evaluation account. Similarly, no minimum trading days are stipulated to progress to a fully funded account.

Upon successful completion of both stages, traders are granted a funded account, devoid of any profit targets. Traders must adhere to the 4% daily loss and 10% total loss limits. The inaugural payout is scheduled 30 days post the first trade on the funded account. A notable requirement is to engage in trading for at least 10 days within this 30-day span. The initial profit split is set at 75% of the gains from the funded account. Subsequent profit splits for the second (80%), third (85%), and fourth (90%) payouts can be requisitioned bi-weekly. Post the fifth payout, traders can request weekly payouts. There's also an option to seek a profit split boost to 95%, contingent on specific conditions and necessitates approval from the company's support team.

Scaling Plan for Classic Evaluation Program

The classic evaluation program does not feature any scaling plans.

The tradeable instruments under the classic evaluation program include forex pairs, commodities, indices, stocks, and digital currencies.

Regulations for Classic Evaluation Program

• The profit target is a predetermined profit ratio that traders must achieve to finalize an evaluation stage, cash out profits, or amplify their account size. Stage 1 has a 7% profit target, and Stage 2 has a 5% target. Notably, funded accounts aren't bound by any profit targets.
• The daily maximum loss is the utmost loss a trader can incur in one day before the account faces restrictions. A 4% cap is uniformly applicable across all account sizes.
• The maximum loss denotes the highest cumulative loss before the account breaches regulations, set at 10% for all account sizes.
• Minimum trading days specify the least duration one must trade to conclude an evaluation stage or to initiate a profit withdrawal. Evaluation stages have no such stipulations, yet funded accounts necessitate at least 10 trading days before the first payout becomes viable.
• Maximum trading days define the longest allowed period to achieve a certain profit or withdrawal milestone. Stage 1 is capped at 30 days, and Stage 2 is set at 60 days.
• Engaging in third-party copy trading risk means traders need to be aware that using such a service might align their strategies with others who employ identical tactics, potentially jeopardizing their eligibility for a funded account, especially if capital limits are exceeded.
• The third-party Expert Advisor (EA) risk means such tools may align your strategy with others, risking your eligibility for a funded account, especially if capital thresholds are surpassed.

What sets Goat Funded Trader apart from other prop firms?

Distinct from many premier prop firms in the industry, Goat Funded Trader offers an unregulated trading approach. This means you have the flexibility to trade during significant news events, retain trades overnight, and even over weekends. Furthermore, they do not impose minimum trading day restrictions, allowing you to receive funding as soon as you meet your profit objectives.

The Goat Funded Trader's no time limit evaluation program is structured in two phases. Traders need to fulfill the criteria of these phases to become eligible for payouts. With an 8% profit target in the initial phase and 5% in the subsequent phase, it also adheres to a 5% ceiling for daily losses and 8% for overall maximum losses. The absence of mandatory minimum trading days in both phases is an advantage. Highlighting a difference from other top-tier prop firms, Goat Funded Trader sets a relatively achievable profit target and doesn't confine traders with maximum or minimum trading day restrictions.

Comparison between Goat Funded Trader & True Forex Funds:

Comparison between Goat Funded Trader & Funded Trading Plus:

Comparison between Goat Funded Trader & E8 Funding:

Goat Funded Trader's classic evaluation program involves a dual-phase evaluation, where traders need to navigate both phases to qualify for payouts. Phase one demands a 7% profit target, with phase two standing at 5%. The program ensures a 4% cap on daily losses and a 10% overall loss ceiling. Once again, there's a notable absence of a minimum trading day obligation in both phases. Contrasting other renowned prop firms, Goat Funded Trader places a comparatively modest profit target and refrains from implementing minimum trading day prerequisites.

Comparison between Goat Funded Trader & My Forex Funds:

Comparison between Goat Funded Trader & Smart Prop Trader:

Comparison between Goat Funded Trader & MyFundedFX:

Distinguishing itself from the majority of top prop firms, Goat Funded Trader does not dictate how you should trade. It allows you to trade amidst news, keep trades overnight, and through weekends without binding you to a minimum trading day norm.

Is Goat Funded Trader's capital acquisition feasible?

When evaluating prop firms, it's crucial to gauge the viability of their trading prerequisites to match your forex trading preference. For instance, if a firm offers an attractive profit percentage on a well-funded account, but expects elevated monthly gains paired with minuscule maximum drawdowns, achieving success becomes improbable.

Securing capital via the no time limit evaluation programs appears feasible primarily due to their sensible profit targets, with 8% for phase one and 5% for phase two, combined with average loss boundaries. There's also the advantage of no binding trading day stipulations.

Similarly, the classic evaluation programs offer a pragmatic path to obtain capital. With profit objectives at 7% for phase one

and 5% for phase two and average loss constraints, the absence of any minimum trading day prerequisites is a bonus.

Considering these attributes, Goat Funded Trader emerges as an optimal choice for aspiring traders. Both the no time limit and classic evaluation accounts present rational trading guidelines and conditions, facilitating easier fund access.

Payment Verification

Established on May 17th, 2023, Goat Funded Trader is still relatively new, so there isn't yet data about trader payout verifications.

Which intermediary does Goat Funded Trader collaborate with?

Goat Funded Trader partners with ThinkMarkets as their chosen broker.

ThinkMarkets, a top-tier multi-asset online broker, boasts headquarters in both London and Melbourne. They offer swift and convenient access to a vast array of markets, utilizing several renowned trading platforms: MetaTrader 4, MetaTrader 5, and their proprietary ThinkTrader.

For trade operations, they facilitate the use of both MetaTrader 4 and MetaTrader 5.

Trading instruments

On Goat Funded Trader, you can trade with the following instruments: forex pairs, commodities, indices, equities, and cryptocurrencies; all with a maximum of 1:100 leverage.

Trading fees

Trading commission:

Spread:

To have a look at the live spreads, you can login to the trading account below using these details:

Platform: MetaTrader 5

Server: ThinkMarkets-Live

Login Number: 5620082

Password: vousx0aq

‍Download Platform: Click here

Educational & Assistance for Traders

Though Goat Funded Trader doesn't offer educational resources on their site, they feature a risk management trading tips article and a lot size calculation tool to aid their trading endeavors.

While Goat Funded Trader doesn't maintain an active thread on ForexFactory, they've been referenced multiple times in a thread titled ‘’PROP FIRM HUB’’ initiated by a user named Masterrmind.

To explore the referenced thread, click here.

Furthermore, Goat Funded Trader furnishes a comprehensive dashboard accessible to all traders, streamlining risk management with clearly delineated trading goals and their corresponding stats.

Feedback from Traders on Goat Funded Trader

Goat Funded Trader consistently garners positive remarks based on user testimonials.

On Trustpilot, their commendable rating stands at 4.3/5 from 58 reviews. However, given they commenced operations only on May 17th, 2023, we'll monitor and update as more feedback emerges.

Digital Presence Metrics

Goat Funded Trader maintains an active digital footprint.

They possess:

• A Twitter handle boasting 4,567 followers,
• A YouTube channel with 326 subscribers and a library of 26 videos,
• An Instagram profile with 4,856 enthusiasts.

Additionally, Goat Funded Trader hosts a Discord community with 2,275 participants.

Customer Service

For queries, Goat Funded Trader offers an extensive FAQ segment, filling in potential gaps in information.

You can connect with their team via social platforms, drop an email to support@goatfundedtrader.com, or engage with their real-time chat service accessible on their website for immediate clarifications.

Summary

To sum up, Goat Funded Trader stands as an authentic prop trading entity, presenting traders the choice between two distinct funding evaluations: the unrestricted and the classic assessments.

The no time limit evaluation comprises a standard two-stage appraisal task, demanding the fulfillment of two steps prior to achieving funded status and qualifying for profit shares. With Goat Funded Trader, traders are set a goal of hitting 8% in the initial phase and 5% in the subsequent phase, goals which are practical given the boundaries of 5% daily and an 8% overall loss. This evaluation scheme awards between 75% and 95% in profit shares. It's worth noting that no progressive plan exists for this funding scheme.

The classic assessment mirrors the unrestricted in structure but has unique targets: 7% in the initial phase and 5% in the next. These targets are equally viable, taking into account the 4% daily and 10% total loss limits. Earnings range from 75% to 95% in profit shares for this scheme. As with the unrestricted, no progressive scheme is in place.

For those seeking a prop firm with clear-cut trading protocols and a refined trading method, Goat Funded Trader is a strong recommendation. Their nascent status doesn't overshadow the compelling conditions they offer for a diverse set of traders. Taking everything into account, Goat Funded Trader is poised to ascend the ranks of prominent prop trading establishments in the sector.

Our evaluation of Goat Funded Trader was most recently updated on 03.08.2023 at 08:47 (CE(S)T).

So, are you impressed by the structure of this Proprietary Trading entity? Does Goat Funded Trader cater to your trading preferences?

We'd love to hear your thoughts on our Goat Funded Trader Proprietary Trading review!