Goat Funded Trader Review

In this Goat Funded Trader review, we examine how this prop firm is redefining the trading landscape with its unique approach and robust support. Offering a variety of account sizes, flexible trading rules, and substantial profit splits, Goat Funded Trader aims to empower traders and enhance their trading careers. This review will delve into the key features and benefits that make Goat Funded Trader a compelling choice for traders seeking significant capital and supportive conditions.

About Goat Funded Trader

Goat Funded Trader is a relatively new proprietary trading firm established in May 2023 in Spain. Despite its young age, it has quickly made a name for itself by offering innovative solutions and a supportive trading environment. The firm emphasizes client needs by providing tailored solutions and exceptional support, ensuring that traders have the best chance of success.

Goat Funded Trader partners with reputable brokers and liquidity providers to offer a secure and transparent trading experience. They have also developed proprietary technology to support traders, reflecting their commitment to long-term success.

At Goat Funded Trader, traders can access high-capital accounts, enjoy flexible profit splits, and benefit from relaxed trading rules. The firm offers a range of funding options to suit different trading styles and experience levels.

Funding Program Options

Goat Funded Trader offers several funding programs for various trading strategies and goals. Here are the primary options available:

1-Step Challenge

This option provides a straightforward path to funding through a single-step evaluation. Account sizes range from $5,000 to $200,000 with the following details:

• Profit Split: 80%
• Phase 1 Profit Target: 10%
• Max Daily Loss: 4%
• Max Total Drawdown: 6%
• Daily Drawdown Reset Type: Balance/Equity – Highest at EOD
• Leverage: Up to 30:1

2-Step Challenge

The 2-Step Challenge involves a more thorough evaluation process over two phases. Account sizes range from $5,000 to $400,000 with the following details:

• Profit Split: 40% (payout on demand) or 80% (30 days)
• Phase 1 Profit Target: 10%
• Phase 2 Profit Target: 5%
• Max Daily Loss: 5%
• Max Total Drawdown: 10%
• Daily Drawdown Reset Type: Balance/Equity – Highest at EOD
• Leverage: Up to 100:1

Swing Challenge

This challenge is tailored for swing traders and offers up to 50:1 leverage. Account sizes range from $5,000 to $150,000 with the following details:

• Profit Split: 40% (payout on demand) or 80% (30 days)
• Phase 1 Profit Target: 8%
• Phase 2 Profit Target: 6%
• Max Daily Loss: 4%
• Max Total Drawdown: 12%
• Daily Drawdown Reset Type: Balance/Equity – Highest at EOD

Fees

Goat Funded Trader’s fee structure is transparent and aligned with its various funding programs, offering traders flexibility and cost clarity. Here’s a breakdown of the fees for each challenge type:

1-Step Challenge

The 1-Step Challenge fees range based on the account size selected, with costs from $15 to $1,050. This fee is fully refundable upon the third payout.

2-Step Challenge

For the 2-Step Challenge, fees also vary by account size, ranging from $22 to $1,990. Similar to the 1-Step Challenge, the fee for this challenge is fully refundable on the third payout.

Swing Challenge

The Swing Challenge fees depend on the chosen account size, with prices ranging from $27 to $598. This fee is also refundable upon the third payout

Tradable Assets

Goat Funded Trader offers a wide selection of tradable assets, allowing traders to diversify their portfolios and capitalize on various market opportunities. These assets include:

• Forex: Major, minor, and exotic currency pairs.
• Commodities: Precious metals like gold and silver, and energy products like oil.
• Indices: Leading global indices.
• Equities and Cryptocurrencies: Popular options including Bitcoin and Ethereum.

Restrictions

Goat Funded Trader maintains a fair and effective trading experience with the following restrictions:

• Expert Advisors (EAs): Allowed.
• Copy Trading: Not allowed.
• News Trading: Allowed, but high-impact news trading is prohibited.
• Maximum Trading Volume Limit: Ensures responsible risk management and stability.

Challenge

Goat Funded Trader offers three main challenge options to suit different trading styles and goals, providing traders with a clear path to accessing significant trading capital.

1-Step Challenge

The 1-Step Challenge is designed for traders seeking a quick and straightforward path to funding. Traders must achieve a 10% profit target with a maximum daily loss of 4% and a total drawdown limit of 6%. With accounts ranging from $5,000 to $200,000, traders can enjoy an 80% profit split. The drawdown resets daily based on the highest balance or equity at the end of the day. Leverage is up to 30:1, and there is no time limit for completing the challenge. Fees vary depending on the account size, and traders are eligible for a 120% refund on their third payout. Payouts can be requested every 5th, 15th, and 25th of each month or on demand.

2-Step Challenge

The 2-Step Challenge involves a more rigorous evaluation process across two phases. In Phase 1, traders must reach a 10% profit target, while in Phase 2, the target is 5%. Both phases allow a maximum daily loss of 5% and a total drawdown of 10%. Available account sizes range from $5,000 to $400,000, and traders can opt for a profit split of 40% with payout on demand or 80% after 30 days. The drawdown is reset daily based on the highest balance or equity at the end of the day, and leverage can go up to 100:1. There are no minimum or maximum trading days, and fees are refundable upon achieving the third payout.

Swing Challenge

The Swing Challenge is tailored for swing traders and offers unique conditions. Traders must achieve an 8% profit target in Phase 1 and a 6% target in Phase 2, with a maximum daily loss of 4% and a total drawdown of 12%. This challenge provides leverage up to 50:1 and account sizes ranging from $5,000 to $150,000. The profit split can be either 40% with payout on demand or 80% after 30 days. Like the other challenges, the drawdown resets daily based on the highest balance or equity at the end of the day. There are no time restrictions for completing the challenge, and traders can also benefit from a 120% refund on their third payout.

Overall, Goat Funded Trader’s challenges are structured to provide fair and comprehensive assessments, ensuring that traders who complete them are well-prepared to manage significant trading capital.

Conclusion

Goat Funded Trader stands out as an innovative and supportive platform for traders. By offering relaxed trading rules, instant funding access, and comprehensive evaluation challenges, it caters to various trading styles and experience levels. The firm’s commitment to flexibility, substantial capital access, and trader support makes it an excellent choice for those looking to advance their trading careers.

Key Features:

• Flexible Funding Programs: Multiple options, including 1-Step, 2-Step, and Swing Challenges.
• High Profit Potential: Up to 80% profit split.
• Diverse Tradable Assets: Access to Forex, Commodities, Indices, Equities, and Cryptocurrencies.
• Transparent Fee Structure: Clear fees with a 120% refund on the third payout.
• Supportive Trading Environment: Use of EAs, and the ability to trade during news events.

Considerations:

• Trading Volume Limits: To manage risk effectively.
• Non-Refundable Fees for Certain Options: Reflecting the immediate access to capital.

Overall, Goat Funded Trader provides a well-structured and empowering environment for traders, making it an attractive choice for those seeking to excel in their trading careers.