Goat Funded Trader Forex prop firm review

Goat Funded Trader prop firm offers funded accounts on several funded challenge types including 1-step and instant accounts. The smallest fee starts from 30 dollars on the 5k Goat challenge, which is among the lowest in the prop trading industry. The firm offers popular platforms for prop trading and the leverage is also flexible. Accounts range from 2.5k to 200k USD with a scaling plan of up to 2 million dollars.

In this Goat Funded Trader review, we will assess the firm’s critical features including safety, rules, funded options, fees, support, and much more.

Overall

Goat Funded Trader prop trading offers an interesting mix of services. The firm has several funded accounts including 1-step, two-step, and instant. There is also a cheap account, Goat Challenge starting from 30 USD. Trading platforms are Match-Trader and TradeLocker. The firm allows for 1:50 leverage and traders can access Forex pairs, commodities, indices, and stocks.

Pros & cons of Goat Funded Trader prop firm

Pros

• ✅ Offers some of the lowest fees in the prop trading industry, starting at just 30 USD
• ✅ Provides diverse account types, including instant, 1-step, and 2-step challenges
• ✅ Scaling options allow traders to increase their funding up to 2 million USD

Cons

• 🚫 Operates entirely with demo accounts and does not disclose regulated broker partnerships
• 🚫 Offers Match-Trader and TradeLocker and not cTrader or MetaTrader platforms
• 🚫 Almost 20% of traders rate the firm poorly, indicating potential service inefficiencies
• 🚫 Bi-weekly payouts can only be expedited through paid add-ons

Safety of Goat Funded Trader

Goat Funded Trader reviews are lacking on the FPA. There is only one review, and it is a very negative, 1-star review, claiming the firm might be a scam that introduces new rules to ensure traders fail challenges. On Trustpilot, Goat Funded Trader has a 4.1 score with 16% 1-star and 66% 5-star evaluations. This is a weak but still a red flag. 16% of traders evaluating the firm with a 1-star rating indicate that the firm might be doing something wrong. The firm also was established in 2023, making it a relatively young company. All trading is done on simulated accounts including funded phases. The firm does not disclose whether its trading is backed by regulated brokers, adding to red flags. Overall, trader reviews are bad about Goat Funded Trader indicating possible inefficiencies in these services, and we advise extra caution when dealing with this firm.

Goat Funded Trader Funding and maximum capital allocation

Goat Funded Trader funded programs are diverse and include 1-step, 2-step, and instant funding challenges. Each of the accounts consists of several subtypes. Traders can choose between normal and swap-free challenges. Swap-free does not have an instant account. Swing accounts can only be selected if the trader selects Swap-free accounts first. Normal instant funded challenges allow traders to select from 2.5k, 5k, 10, 20k, and 50k USD options. Normal 1-step no time limit account offers 15k, 25k, 50k, 100k, and 200k USD options. The 2-step goat account has the lowest fee and offers 5k, 8k, 15k, 25k, 50k, 100k, and 200k USD options.

Goat Funded Trader funding is really diverse and allows traders to select comfortable amounts for competitive fees.

Goat Funded Trader challenges would be attractive if not almost 20% of traders were assessing the firm’s services negatively. It seems traders must exercise extra caution when trading on Goat Funded Trader accounts.

Goat Funded Trader scaling plan allows traders to increase base funding and get other benefits according to the time the trader has been profitable. Traders who are profitable for 2 months and made 4 payouts can receive up to 90% profit share, 15% added capital on initial balance, +1% daily drawdown, and +1% maximum drawdown. The maximum funded amount using the scaling plan is up to 2 million dollars.

Goat Funded Trader Assets

Goat Funded Trader prop trading is possible by speculating on several assets including Forex pairs, metals, indices, and stocks. The leverage is different according to the trading challenge type. For Classic, No Time Limit, Goat, and Swing Plus Evaluations, the leverage is 1:50 in Forex; 1:20 leverage on Metals and Commodities; 1:15 leverage on Indices, and 1:2 leverage on digital currencies.

For One Step Evaluations, the leverage is 1:30 in Forex; 1:20 leverage on Metals and Commodities; 1:15 leverage on Indices, and 1:2 leverage on digital currencies. All the assets can be traded using Match-Trader and TradeLocker popular prop trading platforms. There are no other assets offered which is a minor drawback of the firm.

Goat Funded Trader trading rules and limitations

Goat Funded Trader rules are slightly different for each funded account option.

Instant Goat Funded Trader accounts have 10 minimum trading days, a 4% daily drawdown, and a 10% maximum drawdown. Profit split varies from 65% to up to 95%.

The 1-step no time limit account requires a 10% profit target, a 4% daily risk limit, and a 6% maximum drawdown.

The Two-step Goat funded challenge requires 8% and 6% profit targets (phases 1 and 2), a 4% daily drawdown, and a 10% maximum drawdown. There are no time limits, and the maximum leverage is up to 1:50 on FX pairs. The firm allows EAs or automated trading robots, but the platforms it offers lack such capabilities. News trading is allowed, but the system will remove any profits for trading positions opened two minutes prior and two minutes after the news.

Goat Funded Trader Fees

When it comes to fees, Goat Funded Trader offers competitive pricing, especially on the Goat funded account type. There are many different account options and pricing is slightly different depending on the strictness of rules and funding options.

Goat Funded Trader Instant accounts require the following fees:

• Funded amount: 2.5k — one-time fee: 98 USD
• 5k USD — 198 USD
• 10k USD — 398 USD
• 20k USD — 798 USD
• 50k USD — 1,898 USD

One-step No Time Limit accounts have cheaper fees:

• Funded amount: 15k — one-time fee: 170 USD
• 25k USD — 230 USD
• 50k USD — 339 USD
• 100k USD — 590 USD
• 200k USD — 1,050 USD

The Goat Funded Trader Goat challenge comes with the following fees:

• Funded amount: 5k USD — One-time fee: 30 USD
• 8k USD — 48 USD
• 15k USD — 88 USD
• 25k USD — 138 USD
• 50k USD — 238 USD
• 100k USD — 398 USD
• 150k USD — 598 USD

Goat Funded Trader free trial is not offered at the moment and the Goat Funded Trader free repeat is not available either. Overall, the Goat funded challenge is the cheapest funded account offered by the Goat Funded Trader.

Goat Funded Trader Platforms

Goat Funded Trader provides access to two popular prop trading platforms Match-Trader and TradeLocker. These platforms were developed mainly for prop trading and offer many built-in features. Despite this, they are still young software and lack custom indicators and automated trading systems. The absence of advanced platforms like MT4 and MT5 is a downside of this prop firm.

Goat Funded Trader Profit-Sharing

Goat Funded Trader profit split is up to 95%, depending on the funded account type. Payouts are offered only once per month, but traders can buy an add-on to withdraw once per two weeks. Traders need to make at least 3% before they can request a payout.

Education and trading tools at Goat Funded Trader

Goat Funded Trader does not provide educational resources, only a trading blog. However, the blog has many resources including education, tips, and many other posts. The firm also offers tools to traders which can be beneficial.

Customer Support at Goat Funded Trader

Customer support experience at Goat Funded Trader is good as the firm offers several support options including email, live chat, Discord, and Telegram. There is also an online form which is a form of email support. Both the website and support are multilingual and traders can also call the support using a plugin.

Frequently Asked Questions on Goat Funded Trader