Goat Funded Trader is a prop firm operating since May 2023, which seems to be a great one due to outstanding features such as up to 95% profit split, on-demand payout, and spreads starting from 0. However, is this firm reliable? In this article, we will examine the advantages and disadvantages, challenges, rules, and other aspects of Goat Funded Trader, providing a balanced view to help you learn more about this platform and make an informed decision about its validity.
Company Information
Goat Funded Trader, led by CEO Edward XL, is a relatively new player in the prop trading scene. Launched in 2023 and based in Spain, this firm has quickly made a name for itself with its innovative approach to funded trading.
Specifications Summary
Let's break down the key specifications of Goat Funded Trader:
| Account Currency | USD |
| Minimum Price | $30 |
| Maximum Leverage | 1:100 |
| maximum Profit Split | 95% |
| Instruments | Forex, Indices, Crypto, Metals, Equities, Commodities |
| Assets | Not stated by the Firm |
| Evaluation Steps | 1-step, 2-step |
| Withdrawal Methods | Credit/Debit Card, Crypto |
| Maximum Fund Size | Up to $800K Through Scaling |
| First Profit Target | 8% |
| Max. Daily Loss | Up to 5% |
| Challenge Time Limit | No Limits |
| News Trading | Allowed Under Certain Conditions |
| Maximum Total Drawdown | Up to 12% |
| Trading Platforms | Match-Trade, TradeLocker (Formerly MT4/MT5) |
| Commission Per Round Lot | None for Crypto, Indices and Commodities $5 Per Lot for Forex and Metals on Match-Trade |
| Trustpilot Score | 4.2 Out of 5 |
| Payout Frequency | On-Demand, Monthly, Bi-Weekly |
| Established Country | Spain |
| Established Year | 2023 |
Pros & Cons
Like any trading firm, Goat Funded Trader has its strengths and weaknesses. Let's have a glance at the benefits and drawbacks of GFT:
| Pros | Cons |
| High profit splits (up to 95%) | Relatively new firm with limited track record |
| Diverse range of account sizes | Recently migrated from MT4/MT5, which may cause adjustment issues for some traders |
| Flexible trading rules | |
| No commission for indices and cryptocurrencies |
Funding & Price
As a part of Goat Funded Trader review, we discuss its funding details. It offers a range of funding options to suit different trader profiles:
- Account sizes from $5,000 to $200,000
- Prices on different accounts and challenges range from $30 to $1139
Generally, the price when using TradeLocker is higher than on Match-Trade. Also, there's a swap-free option that increases the initial fee. These pricing options and promotions make the trading firm an attractive choice for traders looking for flexible funding and high profit potential.
Registration & Verification
Registering with Goat Funded Trader is a straightforward process:
- Visit the official Goat Funded Trader website.
- Choose your preferred challenge type and account size.
- Complete the registration form with your personal details, then click on "PLACE ORDER".
- Make the payment for your chosen challenge.
For verification, you will need to upload photos of the required documents to the website and wait for them to verify your account.
Evaluation Steps
Goat Funded Trader employs 2 models for evaluation process: two-step and one-step. In the two-step model, there are 3 different challenges. For the 2-step, we will have a glance at each challenge with its specifics at the table below:
| Challenge | Goat | No Time Limit | Swing |
| Profit Target | 8% | 10% | 10% |
| Max. Daily Loss | 4% | 5% | 4% |
| Leverage | Up to 1:100 | Up to 1:100 | Up to 1:100 |
| Max. Drawdown | 10% | 10% | 12% |
Bonuses and Promotions
At the moment, Goat Funded Trader does not offer any specific bonuses. However, you Can find discount codes on third-party websites. The official website and channels also occasionally post these codes. You can find one here: [15SPECIAL]. You can use it to get a 15% discount on all challenges.
Trading Platforms
Goat Funded Trader broker announced a significant change in its platform offerings. It stopped supporting Metatrader 4 due to "multiple outages", and started providing services on these two platforms:
- Match-Trade
- TradeLocker
This change might be upsetting to some traders, since MetaQuotes platforms are very popular in the industry, and most people prefer using them.
What Instruments & Symbols Can I Trade on Goat Funded Trader?
This company offers a vast range of tradable instruments. You can trade assets from these markets on the trading firm:
- Forex currency pairs
- Indices
- Metals
- Cryptocurrencies
- Equities
- Commodities
Payment Methods
Goat Funded Trader offers a limited array of payment options for traders. This can be a big obstacle for users who need various methods. You can see the options at the list below:
- Credit/debit cards
- Cryptocurrency payments
Commission & Costs
Goat Funded Trader has a competitive commission structure for trades:
- Zero for cryptocurrencies and indices
- $5 per lot for commodities, forex, and metals
For challenges, there's only a one-time starting fee. Also, according to our talks with the support team, there aren't any hidden fees on the firm, Overall, the commission structure is transparent and competitive within the prop trading industry.
Does Goat Funded Trader Offer Vast Educational Resources?
While the prop firm provides some educational content, it's not as extensive as some other prop firms. It has a "Blog" section on the official website with articles covering these main topics:
- General
- Education
- Affiliate
- Contest
- Interview
- Trading Tips
- VIP Goat Traders
It also has a YouTube channel with tutorial videos regarding the platform and trading in general.
Trust Scores
Goat Funded Trader has garnered a respectable reputation on Trustpilot, with an overall rating of 4.2 out of 5 stars based on over 1.200 reviews. Here's a breakdown of the trust scores:
- Nearly 70% of reviews are 5-star ratings
- Majority of reviews praise the seamless account opening process
- Traders appreciate the competitive pricing and responsive customer support
However, we should also mention that there are some negative reviews:
- Some reported delayed payouts
- Some users complain about the lack of MT platforms support
- A small number of users experienced difficulties in resolving problems
Customer Services
Customer service is a crucial aspect of any prop trading firm, and Goat Funded Trader seems to prioritize this area:
- Responsive customer support team
- Multiple channels for support: Live chat, email support, ticket system, and phone call
- Quick resolution of trader queries and concerns
- No need for an account to contact support
- Proactive communication about platform changes and updates
Channels on Social Media
Goat Funded Trader maintains an active presence on various social media platforms. Financial trading companies often post regular updates, trader success stories, quick announcements, market insights, discount codes, etc. on their social channels. GFT pages on social media:
- YouTube
- Discord
TF Expert Suggestions
In this article, we've reviewed Goat Funded Trader broker, a relatively new firm that's been in operation since May 2023. It offers attractive features such as a $30 minimum challenge price and zero commission trading for crypto, indices, and commodities. However, it's important to be aware of its drawbacks, including a relatively low $800K scaled funding compared to competitors and the lack of MT support. In conclusion, if you're comfortable with these limitations, GFT could be a beneficial trading firm for you, but remember, it's crucial to conduct thorough research before making any decisions.
