GFT runs rotating discount codes at checkout. The two most reliable codes active at time of writing are below. You can also browse all current prop firm offers on our discount codes page.

Goat Funded Trader (GFT) is a simulated proprietary trading firm founded in 2023 and headquartered in Las Palmas, Gran Canaria, Spain. Traders access simulated funded accounts by completing a challenge evaluation or purchasing instant funding. All accounts are demo-based environments, meaning trades are not executed in live markets. GFT does not hold client deposits and is not a broker.

The firm has grown to 250,000+ traders across 182 countries, with 760,000+ accounts created and $2.4 billion in simulated capital deployed since launch. GFT operates on fully proprietary in-house technology rather than a resold white-label system — the same tech stack that powers Trade Tech Solutions, winner of Best Prop Firm Tech Provider APAC 2025 at the UF Awards, which serves 70+ prop firms globally. GFT’s dashboard, risk engine, payout system, and account management tools are all built and managed internally.

The mobile app for iOS and Android launched in February 2026, adding real-time account monitoring and payout certificate management on the go.

GFT offers nine account models across challenge-based evaluations and instant funding. None of the challenge models carry a time limit, which puts GFT among the best prop firms with no time limit for traders who want to progress at their own pace.

All Models at a Glance

*$17 is the discounted price on a $5K 2-Step GOAT using FIRSTGFT (50% off). Standard price before discount is $36. See our cheapest prop firms comparison for context on how GFT’s entry pricing compares to the market.

2-Step GOAT (Most Popular)

The most popular model on the platform. Phase 1 requires an 8% profit target with a 4% daily drawdown and 10% max loss. Phase 2 requires 6%. No time limit on either phase. Funded traders keep 80% of profits on a bi-weekly cycle, with an optional 100% split add-on at checkout. The 10% max loss buffer is the widest of any GFT challenge model, giving traders more room to manage drawdown across phases. For comparison of how this stacks up against the industry’s best 2-step options, see our prop firm comparison.

1-Step GOAT

One phase, 10% profit target, 4% daily drawdown, 6% static max loss. Available from $15K to $200K. Useful for traders with a controlled, consistent approach who want to reach the funded stage faster. The tighter 6% max loss buffer means less room for drawdown compared to the 2-step models. GFT is one of the more competitively priced options in the 1-step prop firm category.

3-Step GOAT

Three phases of 6% each, 4% daily drawdown, 8% max loss. The only GFT challenge model with no minimum trading day requirement during evaluation. Lower per-phase targets make each step more manageable. GFT is one of a small number of firms offering a 3-step evaluation structure with this combination of parameters.

Instant GOAT

Funded immediately, no challenge required. The trade-off is tighter parameters: 3% trailing daily drawdown, 6% trailing max loss, a 2% floating open loss limit across all positions, and a 15% consistency rule per payout cycle. Account sizes from $5K to $400K. For a full comparison of how GFT’s instant option compares to competitors, see our best instant funding prop firms guide and our instant funding vs evaluation breakdown.

Instant Pro

The most permissive model in GFT’s lineup. No profit target, no daily drawdown limit. The 4% trailing max loss is the only hard boundary. Account sizes from $2.5K to $100K. A 20% consistency rule applies per payout cycle. Starting from $68, this is among the best no-evaluation prop firm options by price.

GOAT Blitz and Instant Blitz

Both Blitz models are designed for fast, low-cost entry. GOAT Blitz has a 3% challenge target with a 3% daily drawdown and 5% max loss, starting from $47. Instant Blitz requires a 5% profit target per payout period before the first withdrawal, despite having no formal challenge phase, with a 2% daily drawdown. Both give access to the full instrument range on supported platforms.

Account Sizes and Scaling

Available sizes across all models: $2.5K, $5K, $8K, $10K, $15K, $25K, $50K, $100K, $150K, $200K, $250K, $300K, $400K. GFT’s scaling program takes accounts beyond $400K up to a $2,000,000 ceiling in simulated capital, putting it among the best prop firms for high capital accounts.

GFT supports five trading platforms. MT5 and cTrader are not available to US residents. TradeLocker, MatchTrader, and Volumetrica are available globally including the US. MT5 remains the most widely used platform in the prop trading industry — for a list of firms where it is available without regional restrictions, see our best MT5 prop firms guide.

Tradeable Instruments

GFT supports forex pairs, CFD indices, metals, commodities, stocks, and cryptocurrencies across all account models on a single account — making it one of the best multi-asset prop firms available. Raw spreads from 0.1 pips are available on forex. No commission on indices or crypto. According to BIS Triennial Survey data, forex remains the largest financial market by daily volume at over $7.5 trillion per day, making platform access and spread quality material factors for active traders.

Leverage

Leverage drops across most asset classes when moving from evaluation to funded. The forex reduction from 1:100 to 1:50 is standard across the industry. For traders building strategies around leverage, understanding how prop firm drawdown rules interact with leverage is worth reading before choosing a model.

How Daily Drawdown Is Calculated

On all standard challenge and funded accounts, GFT calculates daily drawdown at 5:00 PM EST each day. The system takes the higher of your balance or equity at that point and sets the next day’s floor by subtracting the daily drawdown percentage of your initial account size. This means profitable days raise your floor. Example: on a $100K account with 4% daily drawdown, closing a day at $108K sets the next day’s minimum at $104K ($108K minus $4K). Understanding this trailing mechanic is essential — it is covered in full in our prop firm drawdown rules guide.

For instant funding models, the max loss trails your all-time equity high, not just the daily figure. If a $100K Instant GOAT account reaches $104K equity, the trailing floor moves to $97,760. The floor does not drop back if equity falls from the high, and it resets after each successful payout.

News Trading

News trading is permitted on all GFT models. Trades opened or closed within 5 minutes before or after a high-impact news event — defined as red-folder events on Forex Factory or Myfxbook — are subject to a 1% profit cap per event window. Any profit above 1% of the initial account balance from that window is removed at payout. The account is not breached. This applies during both challenge and funded phases. For traders who build strategies around economic releases, see our guide on trading economic news in volatile markets.

Weekend Holding

Holding trades over the weekend is allowed. Normal swing trades that run over Friday close and Monday open are not affected. The specific restriction is on trades opened in the last 3 market hours on Friday and closed in the first 3 market hours on Monday — profits from those may be removed if GFT determines the trade was structured to exploit the weekend gap. GFT is one of the best prop firms for swing traders who hold through the weekend.

Trades Under 2 Minutes (Funded Accounts)

On funded accounts, profits from trades that close in under 120 seconds are removed at payout. Losses from those trades still count. This is not an account breach but it does reduce the payout amount. Traders using very short-duration strategies should account for this rule when sizing positions on funded accounts.

Goat Guard

Goat Guard is GFT’s automatic risk protection feature, active on all funded challenge accounts. If your combined open positions reach a 2% floating loss of your account balance at any point, GFT closes all open trades automatically. You can resume trading immediately. The first trigger reduces your profit split from 80% to 50% for that payout cycle. A second trigger results in account breach. Goat Guard does not apply to instant funding accounts.

EAs and Automated Strategies

Proprietary EAs built by the trader are permitted. Third-party EAs, off-the-shelf strategies, and any tool marketed for passing evaluations are prohibited. GFT may request the EA source code to verify ownership. The trading strategy must stay consistent between evaluation and funded phases — switching from automated to manual trading or vice versa between phases is not allowed. For firms that are more permissive on EA use, see our top prop firms for EA trading. For a broader look at automated vs manual approaches, our EA vs manual trading strategy guide is a useful reference.

Prohibited Practices

The standard profit split across all GFT models is 80% to the trader. A 100% split add-on is available at checkout on most evaluation models, removing GFT’s 20% share entirely. GFT is one of the top prop firms offering a 100% profit split option, though it comes at an additional cost.

Payout Cycle and Caps

Payouts are bi-weekly, every 14 days, once minimum trading day requirements are met. The first two payouts on challenge-based funded accounts are capped at 6% of the initial account size or $10,000, whichever is lower. On a $25K funded account that is a $1,500 first payout cap. On a $200K account, the cap is $10,000. Both caps are removed from the third payout onwards.

All challenge-based funded accounts also carry a $3,000 daily profit cap. Profits above $3,000 in a single day are deducted from the payout total but do not count as a rule breach. For a full breakdown of how payout structures and metrics work across the industry, see our prop firm account metrics guide.

Payout Methods

Withdrawals are processed via Skrill, Rise, or direct crypto transfer. Payment methods for purchasing accounts include Visa, Mastercard, American Express, PayPal, Bitcoin, Skrill, Kora, Astropay, and Apple Pay / Google Pay via Paysagi.

Payout Guarantee and On-Demand Option

GFT processes payouts within 2 business days of a valid request. If not, GFT adds an extra $1,000 to the withdrawal. An on-demand payout add-on is available at checkout, unlocking an early first payout at a 40% split after just 3 funded trading days for traders who want faster access to profits. GFT has paid out over $20 million to date, with individual trader payouts publicly listed on their rewards page including figures above $44,000 across multiple cycles.

Goat Funded Trader is a legitimate simulated prop firm operating since 2023. It has registered corporate entities in Hong Kong (Wishes Tower International Limited, registration 76428795) and Saint Lucia (Goat Funded LTD, registration 2025-00240), a publicly documented complaint process, a transparent help center with detailed rule articles, and over $20 million in verified reward payouts. GFT was also featured in our most reputable prop firms analysis.

GFT operates on the same model as the broader simulated prop trading industry — traders pay a fee, complete a challenge in a demo environment, and receive a share of simulated profits. This structure is standard and not unique to GFT. For guidance on evaluating any prop firm before signing up, see our guide on how to tell if a prop firm is legitimate.

As with any prop firm, reading the full rule set before purchasing is the most important step. The sub-120 second trade rule, Goat Guard trigger consequences, and first two payout caps are the sections most worth understanding in detail before your first funded cycle.