1:100 LeverageUp to 12% Maximum DrawdownSupport Crypto WithdrawalOn-demand PaymentNo Time Limits
Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!
Goat Funded Trader is a prop trading firm operating since May 2023 and based in Spain under the leadership of CEO Edward XL.
Goat Funded Trader offers 3 main accounts: Goat, Swing, and No Time Limit, with an 8% maximum drawdown for Goat and 10% for the rest.
Goat Funded Trader offers traders various advantages, such as on-demand payouts and spreads starting from 0.
Goat Funded Trader offers funding sizes ranging from $5,000 to $200,000, with pricing for challenges between $30 and $1,139 depending on the account type and its 2 main platforms: Match-Trade and TradeLocker.
The firm is known for offering traders a 95% profit split and no time limits for challenges.
Commission costs are zero for cryptocurrencies, indices, and commodities, while $5 per lot is charged for forex and metals on Match-Trade.
Company Information
A complete review of Goat Funded Trader prop firm
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:
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 a limited track record
Diverse range of account sizes
Recently migrated from MT4/MT5, which may cause adjustment issues for some traders
Flexible trading rules
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No commission for indices and cryptocurrencies
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Funding & Price
Goat Funded Trader Account Sizes are From $5,000 to $200,000.
Traders can choose from a variety of challenges in the Goat Funded Trader. The funding sizes and prices are shown in the table below:
Funding Size
Instant Standard
Instant GOAT
1-Step
2-Step Goat
2-Step Standard
2-Step Pro
3-Step
2500$
$66
-
-
-
-
-
-
5000$
$79
$43
-
$17
$17
$22
-
8000$
-
-
-
$32
$56
$57
-
10000$
$268
$95
-
-
-
-
$42
15000$
-
$141
$144
$590
$103
$96
$55
20000$
$538
-
-
-
-
-
-
25000$
-
$199
$155
$93
$130
$129
$94
50000$
$1281
$303
$228
$160
$198
$194
$146
100000$
-
$498
$398
$268
$353
$324
$237
200000$
-
-
$708
$403
$657
$648
$432
Goat Funded Trader Registration Guide
Opening a prop trading account with the Goat Funded Traders is easy and consists of only 3 Steps. Goat Funded Trader registration:
#1 Access the Official Website and Select a Challenge
Traders must first visit the official website of the GOAT Funded Trader prop firm. After entering the site, traders should select their desired challenge and click on the "Start Challenge" button.
Choose your preferred challenge to begin the Goat Funded Trader registration process
#2 Enter Personal Information in the Payment Form
At this stage, traders need to go to the "Details & Payment" section and enter their personal information. This includes:
Email
First and last name
Country
City
Full address
Postal code
Mobile phone number
Provide your personal details in the Goat Funded Trader billing form
#3 Choose a Deposit Method, and Pay the Challenge Fee
After selecting the deposit method, traders must complete the payment process. Once the payment is made, account information will be sent to them by GOAT Funded Trader.
To request payouts, traders are required to provide their identity information and documents after passing the evaluation phase.
Evaluation Steps
The table below outlines the key features and trading conditions of GOAT Funded Trader’s challenge types:
Instant Funding
Parameter
Instant Goat
Instant Standard
Maximum Daily Drawdown Limit
3%
4%
Maximum Drawdown Limit
6%
8%
Maximum Number of Trading Days
Unlimited
Profit Split
From 80% to 100%
From 65% to 95%
One-Step Challenge
This challenge is suitable for traders looking to obtain a real funded account after passing just one challenge phase.
Parameter
1-Step Challenge
Maximum Daily Drawdown
4%
Maximum Total Drawdown
6%
Profit Target
10%
Max Trading Days
Unlimited
Profit Split
80% to 100%
Maximum
Leverage
1:30
Two-Step Challenge
The 2-step evaluation from GOAT Funded Trader provides a clear and structured path to obtaining a funded account.
Parameter
Goat Phase 1
Goat Phase 2
Standard Phase 1
Standard Phase 2
PRO Phase 1
PRO Phase 2
Maximum Daily Drawdown
4%
4%
5%
5%
4%
4%
Maximum Total Drawdown
10%
10%
10%
10%
8%
8%
Profit Target
8%
6%
10%
5%
8%
4%
Max Trading Days
Unlimited
Unlimited
Unlimited
Unlimited
Unlimited
Unlimited
Maximum Leverage
-
-
-
-
-
-
Three-Step Challenge
The 3-Step Challenge is ideal for traders who have profitable long-term strategies. The challenge consists of three phases with the following conditions:
Parameter
Phase 1
Phase 2
Phase 3
Maximum Daily Drawdown
4%
4%
4%
Maximum Total Drawdown
8%
8%
8%
Profit Target
6%
6%
6%
Max Trading Days
Unlimited
Unlimited
Unlimited
Maximum Leverage
1:100
1:100
1:100
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.
Goat Funded Trader Rules
GFT has fully outlined the trading rules and regulations for both demo and real (simulated) accounts to prevent any ambiguity. GOAT Funded Trader rules:
Trading during economic news releases is permitted, but profits gained from trades executed within the sensitive window before and after the news will be credited, up to a maximum of 1% of the initial account balance;
Any kind of hedging, whether within one account, between multiple accounts, or even with other firms, is prohibited;
The use of Expert Advisors (EAs) is permitted, provided that they do not conflict with the violation-prevention policies. HFT and arbitrage strategies are prohibited;
Using a different strategy between the challenge phase and the simulated account is considered a violation of the rules.
Repeating or copying trades between accounts, especially from a Master account to evaluation accounts, is prohibited;
Accessing the account via VPN/VPS and sharing login credentials with others is considered a serious violation;
High-risk trading behavior or abusing platform latency will result in permanent account suspension;
IP Address Rules
To ensure accurate tracking and prevent misuse, users are required to access their account only from valid geographic locations without using a VPN or VPS. Login credentials must never be shared with others. If detected, the account will be immediately suspended.
Hedging Regulations
All forms of hedging at GOAT Funded Trader are strictly prohibited. This includes:
Hedging within a single account (opening simultaneous buy and sell positions on one asset)
Hedging between multiple accounts owned by one user
Hedging between different users’ accounts
Hedging between GOAT Funded Trader accounts and accounts from other firms
Expert Advisors Conditions
Users may use trading Expert Advisors at all stages, provided they do not conflict with the prohibited trading policies.
Martingale and Arbitrage Policies
Arbitrage in any form is prohibited and will result in account termination. Other prohibited strategies at GFT include:
Extreme scalping: More than half of the trades are kept open for less than 60 seconds;
Martingale: Opening more than 5 positions simultaneously in drawdown on a single currency pair;
All-in trading: Entering a trade without a stop-loss, with risk exceeding the allowed amount, in a way that the outcome is solely pass or fail.
News-Time Trading Conditions
On the GOAT Funded Trader platform, executing trades during economic news releases is allowed, and there are no restrictions in this regard. However, to manage risk and maintain a balanced trading environment, a specific limitation is applied.
If a trade (manual or automated, such as stop-loss, take-profit, or pending order) is executed within two minutes before or two minutes after a major news release, the profit from that trade will be capped at 1% of the initial account balance.
This limitation applies to both the challenge phase and the funded (simulated) account. If the profit from such trades exceeds 1%, only the excess will be removed, and no warnings or penalties will be applied to the user’s account.
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 three platforms:
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:
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 succeeded in receiving a great score
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
The 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
A small number of users experienced difficulties in resolving problems
Customer Services
Goat Funded Trader Support is Available Live chat, email support, ticket system, and phone call.
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:
Facebook
Twitter
Instagram
YouTube
Discord
Goat Funded Trader Comparison with Other Prop Firms
To understand whether Goat Funded Trader is the right choice for you, we have compared it to some of the most well-known prop firms.
Goat Funded Trader offers scalable funding up to $800,000 and allows news trading under specific conditions, which may appeal to traders seeking flexibility in their trading approach.
The firm boasts a Trustpilot score of 4.2/5 from over 1,200 reviews, with around 70% of reviews being 5-star ratings.
Despite these appealing features, the firm is relatively new and has received some negative feedback regarding delayed payouts and its transition from MT4/MT5 to Match-Trade and TradeLocker platforms, which could affect user experience.
FAQs
Is Goat Funded Trader legitimate?
This trading firm seems to be a legitimate prop trading firm based on users' opinions and reviews.
What platforms does Goat Funded Trader use?
They recently migrated to Match-Trade, MetaTrader 5, and TradeLocker, moving away from MT4.
What is the maximum profit split offered in the Goat Funded Trader?
GFT offers up to 100% profit split on certain challenges.
What is the payout frequency for Goat Funded Trader?
GoatFundedTrader offers payouts on-demand, as well as monthly and bi-weekly options.
What is the maximum total drawdown allowed at Goat Funded Trader?
The maximum total drawdown allowed is up to 12%.
What withdrawal methods are available at Goat Funded Trader?
Withdrawals can be made using Credit/Debit Card and Cryptocurrency.
Which trading strategies are banned at Goat Funded Trader?
GFT enforces strict rules prohibiting strategies such as arbitrage, high-frequency trading (HFT), extreme scalping, Martingale, all-in trades, and any form of hedging—whether within the same account or across multiple accounts. Violations lead to immediate disqualification, emphasizing the firm's commitment to authentic trading behavior.
Can I trade during major news events with Goat Funded Trader?
Yes, news trading is permitted, but there's a caveat. Trades executed within two minutes before or after a major news release will have their profit capped at 1% of the initial balance. This rule applies to both challenge and funded accounts and is designed to minimize risk from high-volatility events.
What happens if I use a VPN or share login credentials in Goat Funded Trader?
GFT has a zero-tolerance policy for account misuse. Using a VPN, VPS, or sharing login credentials will lead to instant suspension of the account. The firm uses IP tracking to ensure compliance, maintaining the integrity of its evaluation process.
What are the drawdown limits in Goat Funded Trader evaluations?
Drawdown thresholds vary by challenge type. Daily drawdown caps range from 3% to 5%, while overall drawdowns go up to 12%. For example, the 2-Step Pro challenge permits 4% daily and 8% total drawdown, offering flexibility without encouraging excessive risk.
Can I participate in multiple challenges simultaneously at GFT?
Yes, Traders can register for multiple concurrent challenges, enabling strategy diversification across various risk/reward profiles. However, duplicating trades across accounts is prohibited and may lead to disqualification.
What payment methods can I use to purchase a challenge in Goat Funded Trader?
Goat Funded Trader accepts credit/debit cards and cryptocurrency payments. However, the options are somewhat limited compared to firms that support e-wallets or bank transfers. This could affect traders in countries with payment restrictions.
What is the typical payout time for successful traders in Goat Funded Trader?
Payouts are processed on a flexible schedule: on-demand, monthly, or bi-weekly, depending on the trader’s preference. This level of flexibility is ideal for professionals managing active cash flows.
How can I contact Goat Funded Trader support?
GFT provides customer support via live chat, email, ticket system, and phone. The team is noted for quick resolutions and proactive communication, and you do not need an active account to ask questions.
Does Goat Funded Trader offer educational resources for beginners?
GFT’s educational support includes a blog with trading tips and tutorials, and a YouTube channel with platform walkthroughs. However, it lacks the depth of structured programs found in more education-focused firms.
