- Real accounts with up to $1,000,000 in genuine capital.
- Bi-weekly payouts with profit shares of 70% to 90%.
- 1:100 leverage for Standard challenge accounts.
- Permitted overnight positions and news trading.
- Exclusive benefits for Extended challenge accounts.
Goat Funded Trader
- Capital allocation up to $800,000 with 75% to 95% profit share.
- Flexible leverage up to 1:100 and diverse trading instruments.
- Two unique funding programs and time-unlimited evaluation.
- Realistic profit goals (8% & 5%) with overnight/weekend trading.
- News trading allowed with an efficiently designed user interface.
Cons ❌
Funded Academy
- Lot size restrictions
- 1:10 leverage on Extended challenge accounts
- Monthly payouts on Extended challenge accounts
Goat Funded Trader
- Newer prop firm
- Limited community feedback
- Absence of a scaling plan
Rules 📋
Funded Academy
Lot Size Limit, Maximum Daily Loss, Maximum Loss, No Weekend Holding, Profit Target, Stop Loss Required, Third Party Copy Trading Risk, Third Party EA Risk
Goat Funded Trader
Maximum Daily Loss, Maximum Loss, Maximum Trading Days, Minimum Trading Days, Profit Target, Third Party Copy Trading Risk, Third Party EA Risk
Funded Academy and Goat Funded Trader are two prominent proprietary trading firms that extend financing to traders allowing them to manage larger capital. Both firms present opportunities for retail traders to maximize their earning potential by providing significant leverage and a share of the profits generated from trading activity.
Capital Allocation and Profit Sharing
Funded Academy is commendable for its substantial capital offer, with real accounts extending up to $1,000,000, positioning it among the highest in the industry. The bi-weekly payouts are tempting, with profit shares between 70% to 90% making it an appealing destination for dedicated traders aiming for high earnings. In contrast, Goat Funded Trader, although providing slightly less capital allocation with up to $800,000, compensates with a higher profit share of up to 95%. This competitive profit share percentage could potentially outweigh the limitation in capital for efficient traders.
Leverage and Trading Conditions
The trading conditions of both firms are strong, with 1:100 leverage available for Funded Academy's Standard challenge accounts and flexible leverage up to 1:100 offered by Goat Funded Trader. The permission to hold overnight positions and conduct news trading adds significant flexibility for traders with varying strategies. Goat Funded Trader's additional advantage lies in its unlimited evaluation period for their funding programs, allowing traders to operate without the pressure of a ticking clock, which may lead to more considered and strategic trading decisions.
Features and Challenges
Funded Academy also distinguishes itself with exclusive benefits for Extended challenge accounts, adding value for more serious traders who are likely to opt for larger capital management. Goat Funded Trader comes with a slight edge due to its time-unlimited evaluation feature as well as realistic and attainable profit goals of 8% and 5%, thereby reducing the risk of aggressive trading just to reach lofty targets.
Community Standing and Scalability
Although Goat Funded Trader is a newer entity with limited community feedback, this can be viewed as an opportunity for the firm to carve out a niche by demonstrating excellent trader support and transparency. The downside may be the absence of a clear scaling plan, which could deter traders with long-term aspirations. Meanwhile, Funded Academy, established in 2021, has more time in the market, potentially equating to a more robust community presence and proven track record.
Platform and Usability
On the usability front, Goat Funded Trader excels with an efficiently designed user interface that can significantly enhance the trading experience and streamline decision-making processes.
Trading Instruments and Flexibility
Both firms support a similar array of trading instruments, including Crypto, Forex, Indices, Metals, and Stocks. Noteworthy, however, is that Goat Funded Trader also offers Commodities, broadening the spectrum of tradable assets available to the user.
Funding and Withdrawals
Firm 1—Funded Academy—provides diversified deposit methods including Crypto, Credit/debit cards, and Perfect Money, with withdrawals limited to Crypto. Goat Funded Trader simplifies transactions by accepting Credit/debit cards and Crypto for deposits, with withdrawals facilitated through Deel. The differences here may impact traders depending on their preferred financial transaction methods.
Trading Rules
The trading rules set by both firms are comparably strict, with Funded Academy imposing lot size limits along with maximum daily loss caps, mandatory stop losses, and profit targets. Such restrictions serve to mitigate risk but may constrict trading styles. Goat Funded Trader has similar risk controls but does not mention lot size limits, potentially offering slightly more flexibility.
Final Thoughts
In conclusion, both Funded Academy and Goat Funded Trader provide attractive opportunities for retail traders. The choice between the two may ultimately hinge on individual preferences regarding capital allocation, support systems, platform interface, and the minor diversities in tradeable instruments. Newer traders may lean towards Goat Funded Trader for its unrestricted evaluation period, while more confident traders could favor the larger immediate capital and frequent payouts of Funded Academy. Given time to mature and based on trader experiences, Goat Funded Trader could very well expand and refine its offerings to more closely contend with established alternatives like Funded Academy.
