Editor’s Verdict
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Overview
Goat Funded Trader, established in 2022, is a rare retail prop trading firm that offers a monthly salary to qualifying traders. It also ranks among the prop firms with the lowest evaluation fees and offers instant funding accounts, no hidden rules, and a reward guarantee. I evaluated the evaluation conditions and ease of withdrawal. Does Goat Funded Trader live up to its name?
I like Goat Funded Trader for its 100% profit split via add-ons, cryptocurrency transactions, and monthly salary between $300 and $500 to qualifying traders. The scaling program also increases the daily and maximum drawdown limits. Goat Funded Trader is also one of the retail prop trading firms with the lowest evaluation fees.
Year Established | 2022 |
|---|---|
Trading Platform(s) | Other, MetaTrader 5 |
Minimum Evaluation Fee | $17 |
Profit-share | 80% to 100% |
Daily Loss Limit | 3% to 4% |
Maximum Trailing Drawdown | 6% to 8% |
Funded Account Options | 9 |
Minimum Funded Account | $2,500 |
Maximum Funded Account | $200,000 |
Goat Funded Trader Trustworthiness & Reputation
Trading with a prop firm, an unregulated business, requires traders to ensure that a trusted brokerage handles all accounts and that the prop firm maintains an excellent reputation among its prop traders.
Is Goat Funded Trader Legit and Safe?
Goat Funded Trader, founded in 2022, lacks lengthy operational history, but it does have a 4.0 out of 5.0 rating on Trustpilot based on 3,150 reviews. The company remains registered in St. Lucia, but its parent company is in Hong Kong with an affiliate in the UK. All entities are duly registered.
While negative Goat Funded Trader reviews exist, I could not verify them. I advise traders to consider negative comments skeptically, as they may come from traders who have failed the paid-for evaluation challenge or breached trading rules in funded accounts. Therefore, I can recommend Goat Funded Trader.
Goat Funded Trader Trustpilot Reviews
Goat Funded Trader Features
Goat Funded Trader follows some of the best practices established across the prop firm industry, but its inconsistency score is a challenging payout qualification criterion.
The most notable features of Goat Funded Trader are:
- Instant funding, one-step, two-step, three-step, and Goat Blitz evaluations
- No minimum trading days
- A profit target of 10% for the one-step evaluation
- A profit target of 8% and 6% for the two-step evaluation
- A profit target of 6% for each step of the three-step evaluation
- A maximum daily drawdown of 3% or 4%
- A maximum drawdown of 6% or 8%
- A maximum profit share between 80% and 100%
- Cryptocurrency withdrawals
- Low evaluation fees
- A monthly salary between $300 and $500 to qualifying traders
- A maximum leverage of up to 1:100
- Scaling program of up to $2M per trader
Account Fees & Profit-Share
The minimum account fee at Goat Funded Trader for a $5,000 account is:
Type of fee | Fee (without discounts) |
One-time account fee | $17 |
Monthly account fee | $0 |
Hold-over-the-weekend | $0 |
Increased leverage | Not applicable |
Stop-loss not required at trade entry | Not applicable |
Total fees for a $5,000 account | $17 |
Account Types
Goat Funded Trader offers accounts from $2,500 to $200,000. Not all account sizes are available for all evaluation challenges, and traders can configure their preferred accounts upon registration. The Goat Funded Trader account types are: l $15,000, $25,000, $50,000, $100,000, and $200,000 (one-step evaluation)l $5,000, $8,000, $15,000, $25,000, $50,000, $100,000, and $150,000 (two-step evaluation, including Goat and Pro categories)l $10,000, $15,000, $25,000, $50,000, $100,000, and $200,000 (three-step evaluation)l $2,500, $5,000, $10,000, $20,000, and $50,000 (instant funding)l $5,000, $10,000, $15,000, $25,000, $50,000, $100,000, $150,000, and $200,000 (instant funding Goat) The maximum daily drawdown is between 3% and 4%, with a maximum drawdown between 6% and 8%, depending on the chosen evaluation challenge track.
What are the Trading Rules at Goat Funded Trader?
The Goat Funded Trader evaluation begins after prospective prop traders choose their preferred evaluation account and pay the one-time evaluation fee. Instant funding is available. The profit target, daily drawdown, and maximum drawdown equally depend on the evaluation type.
Violating the maximum overall loss rule results in a hard breach and cancellation of the evaluation.
The trading rules for the Goat Funded Trader accounts are:
- 3% or 4% maximum daily drawdown
- 6% or 8% maximum drawdown
- Compliance with trading strategy restrictions
Noteworthy:
- Goat Funded Trader will not grant access to live trading accounts
- Accepted prop traders will manage demo accounts, and the Goat Funded Trader software may duplicate them in live trading accounts of Goat Funded Trader managed by professional traders
- It enhances risk management and compliance for Goat Funded Trader
Goat Funded Trader Account Types
Trading Platforms
MT4 | |
|---|---|
MT5 | |
cTrader | |
Proprietary Platform | |
Automated Trading | |
Guaranteed Stop Loss | |
Scalping |
Education
I appreciate the absence of educational content, as beginners have no place in prop trading, which is for established traders. Goat Funded Trader maintains a blog where it covers general topics related to prop firms.
Customer Support
Support Hours | 24/7 |
|---|---|
Website Languages |  |
Goat Funded Trader claims that it will respond to all requests within 24 hours, and traders can contact Goat Funded Trader via e-mail or join their Discord channel 24/7. The FAQ section features numerous articles, and I recommend traders read them before contacting customer support. Some traders feel that customer service should respond more promptly.
How to Get Started with Goat Funded Trader
Interested prop traders can start the evaluation after selecting their desired package and paying the one-time fee.
Minimum Fee
The minimum fee at Goat Funded Trader is $17.
Payment Methods
Goat Funded Trader accepts credit/debit cards, cryptocurrency payments, and PayPal.
Accepted Countries
Goat Funded Trader accepts most traders who are 18 years or older. Goat Funded Trader does not accept traders from Bangladesh, Bulgaria, Chile, Cuba, Ethiopia, Hong Kong, Indonesia, Iran, Japan, Jordan, Japan, Lebanon, Libya, Malaysia, Myanmar, North Korea, Russia, Senegal, Singapore, Somalia, South Korea, Sri Lanka, Sudan, Syria, Togo, Thailand, and Vietnam.
How to Pay the Account Fee?
Prop traders can pay their evaluation fee via credit/debit cards, cryptocurrencies, and PayPal.
Goat Funded Trader Withdrawal Methods
Bottom Line - Is Goat Funded Trader a Good Prop Firm?
I like Goat Funded Trader for its low evaluation fees and scaling program, including a monthly salary for qualifying traders. Traders have over a dozen account configurations and multiple challenge types, but the trading rules are among the stricter ones. I dislike that Goat Funded Trader limits the daily profit potential to $3,000, and traders should consider this when selecting their accounts and paying the one-time fees. Overall, I can recommend Goat Funded Trader to traders who accept the strict rules and have a strategy that can thrive under those conditions, but there are certainly more competitive options. Interested traders must select their preferred account settings, pass the evaluation, and trade within the rules and restrictions imposed by Goat Funded Trader. All accounts are demo accounts, even the funded accounts, but Goat Funded Trader pays real cash to qualifying traders. No, Goat Funded Trader uses demo accounts like most retail prop firms. Goat Funded Trader has traders stating they have received payments, while others claim they were unfairly refused. Therefore, every interested trader should gauge which camp they choose to trust and make their experience with Goat Funded Trader. Goat Funded Trader is an unregulated but duly registered company founded in 2022. It has overall positive Trustpilot ratings and ranks among the safer retail prop firms.FAQs
How does Goat Funded Trader work?
Does Goat Funded Trader use real money?
Does Goat Funded Trader pay?
Is Goat Funded Trader safe?
