Goat Funded Trader Review

If you are looking to start trading with the Goat Funded Trader prop firm, you might be genuinely interested in an honest Goat Funded Trader review. Since its launch, the prop firm has attracted attention by offering multiple account sizes, challenge types and a range of trading platforms designed to make trading easy. 

While Goat Funded Trader offers an opportunity to trade larger trading capital with minimal risk, everything about the firm might still not be very clear to some traders. Successful traders understand that choosing a firm is not all about comparing challenge fees and profit splits. It is also about understanding the nitty-gritties of the firm, which includes drawdown limits, trading restrictions, challenge rules, payout policies and the overall conditions set.

Even firms with the most attractive splits and pricing can become expensive if the rules do not align with your trading style. This is why PFWatch exists to help traders compare firms side by side, ensuring they get what they are looking for.

In this Goat Funded Trader review, you will get to determine whether Goat Funded Trader is suitable for your trading strategy or not. The article will cover the firm’s trading conditions, payout policies, drawdown models, and its advantages and disadvantages. 

Quick Verdict

Company Snapshot

What is Goat Funded Trader?

Goat Funded Trader (GFT) is a prop trading firm that offers access to huge trading capital, allowing traders to improve their financial status without risking much of their own money. The firm expects traders to meet specific performance requirements to qualify for a funded account. 

Goat Funded Trader provides multiple evaluation models, including instant, 2-step and 3-step challenges. Each evaluation model has its profit target, and once traders pass and generate profits from their funded accounts, that profit is shared between the trader and the company. 

Traders at Goat Funded Trader can also diversify as the firm offers multiple tradable assets like forex, indices, commodities, and cryptocurrencies. The platforms are also designed for trading these instruments, ensuring traders have a smooth journey when using Goat Funded Trader.

Multiple Goat Funded Trader reviews also highlight that the firm has affordable challenge fees and would be suitable for beginners who already have the right trading skills. However, it is always important to compare trading rules to ensure the firm matches your long-term trading goals. 

Is Goat Funded Trader Legit?

Is Goat Funded Trader Legit? Based on multiple reviews online, Goat Funded Trader has established itself as one of the most reputable prop firms in the industry. The firm is very transparent when it comes to trading rules, evaluation guidelines and payout conditions. Goat Funded Trader clearly outlines drawdown limits, challenge requirements, profit-sharing structure and restrictions. 

The firm has a strong rating on Trustpilot with many reviews from customers from all over the world. The company is known for its easy-to-use platforms, smooth operations with responsive customer support and a track record of timely payouts. Goat Funded Trader has made a total payout of $1,773,516 to 4,343 traders, and its largest single payout was $15,902. This further strengthens its credibility, establishing a solid foundation of absolute trustworthiness.

How Goat Funded Trader Works

Getting started with Goat Funded Trader is a straightforward process.

Step 1: Choose an Account: Pick an account size and evaluation model depending on your experience and budget. 

Step 2: Purchase a Goat Funded Trader Challenge: Pay the one-time fee required to access your simulated account. 

Step 3: Meet the Trading Objectives: You must meet the profit target set while following all the risk management rules to get to the next level. 

Step 4: Pass the Evaluation: Make sure you follow the drawdown limits set and other requirements provided to succeed in the evaluation phase.

Step 5: Receive a Funded Account: After passing your evaluation, you will get a funded account, and you can start trading and earn rewards. 

Step 6: Earn Payouts: When you generate consistent returns from your funded account, you’ll receive a share of the profits according to the agreements set by the company. Over time, you may even qualify for account scaling and a larger account size.

Funding Programs

Goat Funded Trader has 4 main funding models that traders can choose depending on their experience level and goals. 

Goat Funded Trader Challenge Rules

Here are Goat Funded Trader challenge rules you must be aware of before purchasing an evaluation account:

• Profit Target: Profit target varies depending on the program you select. Profit targets may range from 5% to 10%.

• Daily Drawdown: Mostly 4% to 5% for evaluation accounts, and this also depends on the model you choose. 

• Maximum Drawdown: Normally 8% or 10%, depending on your preferred challenge. 

• Minimum Trading Days: For 2-step funded accounts, 3 profitable trading days with at least 0.5% profit of the account balance each day are required. In the instant funding model, 5 profitable trading days with at least 0.5% profit of the account balance each day are expected. Evaluations require no minimum trading days. 

• Time Limits: No time limit set to complete the evaluation.

• News Trading: Goat Funded Trader clearly states that, “News trading is allowed, but trades opened/closed manually or automatically within 5 minutes before or after high-impact news can generate a maximum profit of 1% of the account’s initial balance. Excess profits are removed without penalties. This applies to both challenge and funded phases.”

• Weekend Holding: Goat Funded Trader allows weekend holding, but it has a weekend gap policy that prohibits trading solely to exploit Monday morning market price gaps. It also clearly states that, “for funded accounts, any profits generated from trades opened in the last three hours of Friday and closed in the first three hours of Monday will be removed.”

• Expert Advisors & Copy Trading: EAs are allowed if they comply with the rules. However, you are not allowed to use 3rd party EAs, high-frequency trading (HFT) strategies/systems and/or Gold Arbitrage EA. Goat Funded trader also mentions that, “using an EA or trading bot to pass the Challenge Account and then switching to manual trading in the Funded Account, or vice versa, is strictly prohibited.

• Consistency Rule: Consistency rule for Instant GOAT Program says that you can only request a payout if no single trading day accounts for 15% or more of your total profits. For the Instant PRO Program, you can only request a payout if no single trading day accounts for 20% or more of your total profits. You must continue trading until these conditions are met to qualify for a payout. 

Goat Funded Trader Pricing 

Goat Funded Trader has multiple evaluation accounts you can choose from. Here are some Goat Funded Trader pricing, starting from the lowest to the most expensive:

Refund Policy: Evaluation fees are fully refundable when you receive your fourth payout, even on instant accounts. However, if you fail your evaluation before reaching your fourth payout, the fee is not refundable.

Reset Fees: Goat Funded Trader does offer resets for evaluation accounts, but the reset fee is not fixed. The reset price varies by account type and is generally lower than purchasing a new challenge. You can verify the exact cost on the checkout page. 

Profit Split & Scaling Plan

Goat Funded Trader rewards disciplined and patient traders consistently. These traders also qualify for larger accounts through the GFT scaling program.

• Starting Profit Split: Goat Funded Trader normally starts with a profit split of 80% for all standard accounts. The traders take the higher percentage while the firm keeps the small percentage. 

• Maximum Profit Split: Traders can get 100% profits with the add-on option. 

• Scaling Opportunities: Traders who comply with the firm’s rules and receive a payout frequently may qualify for the firm’s scaling plan. The plan increases their account balance depending on their performance and account size. 

• Maximum Account Allocation: Through the scaling plan, traders can manage bigger account sizes. Scale-ups are calculated based on the original account size. In level one, capital is increased by 15%, level two by 30%, level 3 by 40% and in level 4, by 50%. With this plan, traders can manage up to $2 million in trading capital.

Payout Process

The Goat Funded Trader payout process is easy to follow. The firm is very clear with its payout policy and offers multiple withdrawal options, ensuring customers have a smooth transaction anytime they use GFT. 

• First Payout: Traders become eligible for the first payout after 14 days. The first payout on demand is 40% profit split, with the 3% minimum profit and minimum profitable trading day requirements still applying. Also, note that the 100% Profit Split add-on does not change the 40% split on the first reward.

• Payout Frequency: Payout frequency for standard funded accounts is bi-weekly. 

• Minimum Withdrawal: The minimum payout request is $100.

• Payment Methods: Apple Pay, Astropay, Bank Transfer, Credit/Debit Card, Crypto, Google Pay, Korapay, PayPal and Skrill.

• Processing Time: Once you have requested a payout, you can expect to receive it within 2 business days. Weekends and public holidays are not counted. Note that your first payout will require an identity verification (KYC) step. Processing of your payment begins after the verification step. 

Trading Platforms

Goat Funded Trader supports multiple trading platforms, ensuring traders find what matches their trading strategy. They include:

• MetaTrader 5 (MT5): This is a popular trading platform that offers one-click trading, advanced charting tools and several indicators. 

• cTrader: cTrader is for traders looking for fast execution, advanced order types and algorithmic trading. 

• Match-Trader: This is a modern web-based platform known for TradingView-powered charts and tools, and a user-friendly trading interface. 

• TradeLocker: TradeLocker is a cloud-based trading platform that comes with an intuitive interface and TradingView-powered charts. It’s also compatible with all devices. 

• Volumetrica Trading: A professional platform focused on order flow, volume profile, and footprint analysis. The platform is suitable for traders who rely on advanced market depth tools.

Tradable Markets

Here are the financial instruments you can trade when using Goat Funded Trader:

• Forex: Major, minor, and exotic currency pairs.

• Indices: S&P 500 (US 500), NASDAQ 100 (US Tech 100), Dow Jones (US 30), FTSE 100 (UK 100), DAX 40 (Germany 40), and Nikkei 225.

• Commodities: Brent Crude Oil, WTI Crude Oil, and Natural Gas.

• Metals: Precious metals, including Gold (XAU/USD) and Silver (XAG/USD).

• Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), and several leading altcoins available as CFDs.

• Stocks: Highly volatile and liquid equities such as Apple (AAPL), Nvidia (NVDA), Advanced Micro Devices (AMD), and Amazon (AMZN), etc.

Goat Funded Trader Trading Conditions

Before purchasing a Goat Funded Trader evaluation account, it is important to understand the firm’s trading conditions to improve your chances of passing the challenge. Some conditions you should know include: 

• Leverage: Up to 1: 100 on forex, 1:20 on metals, energy, commodities and indices, and 1:5 on stocks and 1:2 on crypto. 

• Commissions: No commissions on all assets apart from forex and metals, which is $5/lot. 

• Spreads: GFT offers tight spreads through its liquidity providers. You can monitor Goat Funded Trader spreads directly through a Spread Test Account. 

• Overnight Positions: Allowed on all accounts.

• Weekend Holding: Allowed.  However, traders must not exploit weekend market gaps, as this violates the firm's trading policies.: 

• News Trading: News trading is allowed in both challenge and funded phases. However, traders can only keep a maximum profit of 1% of the account’s initial balance.

• Scalping: Traders are allowed to scalp so long as they comply with all the firm’s rules and risk management requirements. However, all trades must be held for at least 2 minutes to be eligible for payouts.

• Hedging: Not allowed, Goat Funded Trader (GFT) strictly prohibits hedging across all account types. If the firm detects any hedging activity, your account will be immediately breached, and your profits will be forfeited.

• Martingale: Martingale trading strategies are strictly prohibited across all Goat Funded Trader accounts. Such strategies are considered high-risk and violate risk management and responsible trading policies.

• Grid Trading: Goat Funded Trader classifies grid trading alongside Martingale as a prohibited trading practice. If your account is flagged for using a grid system, your account will be immediately terminated.

Pros and Cons of Goat Funded Trader

It is important to know the advantages and disadvantages of prop firms to prepare for what’s ahead. 

Real Trader Reviews

Overall, the community viewpoint toward Goat Funded Trader is mixed. While some traders praise the firm, others feel the prop firm is not ideal for them. Here are some opinions about the firm that you may find online: 

Positive Feedback

Trustpilot: Many positive Goat Funded Trader Trustpilot reviews talk about multiple funding programs, fast payouts, responsive customer and chat support team, frequent promotions, and rewards available. 

Reddit: Some users on Reddit report successfully passing the challenges and receiving payouts. They note that carefully following Goat Funded Trader rules often leads to a smoother experience. Others say the firm has modern trading platforms and offers flexible account options.

Discord Community: The active communities appreciate GFT for its user-friendly platform and smooth payouts. Some members of these communities say the rules are easy to follow, and they highly recommend the prop firm. 

X (Twitter): Many X users have shared payout certificates, proving that the Goat Funded Trader evaluation is achievable. Some talk about how their promotional offers are good, while others say they are happy to be funded with GFT. 

Common Complaints

The most frequent complaints across all these review platforms involve:

• Payout denials

• Account Breaches

• Rule violation

• Delayed KYC verification 

• Dissatisfaction with the customer support team

For example, in Trustpilot, one customer said, “I raised a complaint 3times but didn't get any resolution, but now when I complained for time, I got assigned to 'Smith' and he gave good assistance and resolved the issue quickly. Huge thanks to "Smith" and giving full stars because of “Smith".

Key Takeaway: Goat Funded Trader has a good number of satisfied customers, but it also attracts a sizable number of negative feedback related to rule interpretation and payout issues. As a trader starting with GFT, it is advisable to read all the rules carefully and understand them. Online communities may sometimes be misleading because every trader comes with their own expectations and practices that do not align with GFT terms and conditions.

Goat Funded Trader vs Competitors

Note: Challenge fees and rules may vary depending on the evaluation model you select. 

Current Discount Codes

Goat Funded Trader discount promotions do change frequently. Always verify the codes at checkout, as they may expire without notice. 

Welcome Offer

• Coupon Code: FIRSTGFT

• Expiration: No expiration date published

• Terms: Offers up to 50% off for all plans. It is primarily intended for new customers only.

BOGO40 Special Offer

• Coupon Code: BOGO40

• Expiration: Limited-time offer

• Terms: Buy one, get one free. Applies to selected accounts and is available after you get your first payout. 

World Cup50 Promotion

• Coupon Code: WORLDCUP50

• Expiration: Limited-time

• Terms: 50% off for both evaluation and instant funded accounts.

Why Compare on PFWatch?

Many prop firms online offer attractive challenge fees and profit split. But when it comes to finding the right prop firm, you should look past that because rules do vary in prop firms. Prop firm rules, conditions and requirements can either make you succeed or fail in a challenge. This is why you need to compare companies to find what matches your long-term trading objectives. 

PFWatch puts together all the information in one place, ensuring you do not miss important details. The tool clearly highlights pricing across different funding programs, challenge rules, evaluation conditions, trading platform supported by each firm, daily and maximum drawdown limits, overall reputation of the firms, payout history of every firm, profit splits and current discounts, promotions and special offers available. 

The thing is that the proprietary trading industry is evolving rapidly. With firms regularly updating rules, it can be challenging to keep up with the changes. PFWatch makes the entire process smooth, allowing traders to compare firms in a short time. With PFWatch, traders can begin using the right prop firm from one that aligns with their style. It minimises unexpected surprises and maximises your chances of long-term success.

FAQs

Is Goat Funded Trader legit?

Yes, it is a reputable prop firm in the industry, offering transparent rules and timely payouts. The firm also has a consistent track record of rewarding traders.

Does Goat Funded Trader really pay traders?

Yes. Traders who qualify for a payout get their profits according to the agreed profit split. Goat Funded Trader has done a total of 4343 payouts over the years. 

How much does a Goat Funded Trader challenge cost?

Challenge fees do vary depending on the funding program and account size. The fee is around $18 to $54 for smaller accounts. 

What is the profit split?

Profit splits in GFT is 80%, and traders can upgrade to 100%

What are the drawdown rules?

Drawdown limits do vary depending on the account type. Most accounts have a daily drawdown of between 4% to 5% and an overall drawdown of 8% to 10%.

Is the challenge fee refundable?

Yes. The evaluation fee is refundable once you receive your fourth payout. 

Which trading platforms are supported?

Goat Funded Trader supports MetaTrader 5, cTrader, Match-Trader, TradeLocker, and Volumetrica.

Can I use Expert Advisors?

Yes. EAs are allowed as long as they comply with Goat Funded Trader's trading rules.

Is news trading allowed?

Yes. However, restrictions do apply. You can only keep a maximum profit of 1% of the account’s initial balance when profits are made during news events. 

Can I hold trades overnight or over the weekend?

Yes. Overnight and weekend holding are generally permitted on all GFT accounts, but you must not exploit the market price gaps.

What leverage does Goat Funded Trader offer?

Up to 1:100 on Forex and 1:50 on other assets.

How often are payouts made?

Traders can receive their payouts every 14 days. Bi-weekly. 

Can beginners join Goat Funded Trader?

Absolutely. But they must understand firm rules and practice proper risk management to keep their accounts. 

What happens if I fail the challenge?

Your evaluation ends immediately. You can purchase a new evaluation account or pay for an account reset.

Is Goat Funded Trader worth it?

Goat Funded Trader can be a suitable prop firm for disciplined and patient traders who value long-term growth over quick progress. 

Final Verdict

Goat Funded Trader or GFT is the prop firm for traders looking for multiple evaluation models, flexible funding options, and a wide range of trading platforms and markets to trade. Like many firms, GFT requires a high level of discipline and patience to achieve consistency and qualify for profit splits. This means traders must have an in-depth understanding of risk management. 

Goat Funded Trader's biggest advantage is that it allows news trading and weekend holding, ensuring swing traders enjoy using the firm. The prop firm also offers reasonable profit splits and sets no time limit on evaluations. Traders can also grow their accounts up to $2M and qualify for much bigger payouts.

However, traders must read all Goat Funded Trader rules carefully because even a small mistake could have their accounts terminated. This Goat Funded Trader review clearly and honestly highlights all the rules, conditions and requirements traders must meet to continue managing their accounts. Traders should also take advantage of PFWatch to compare pricing, payout structure, drawdown models, and overall rules of firms before purchasing any challenges.