Introduction to Goat Funded Trader
Greetings, fellow traders! It's a pleasure to have you here once again. In today's discussion, we delve into a comprehensive review of the Goat Funded Trader. This marks our initial encounter with this trading entity, and we aim to explore essential company particulars, their funding programs, community sentiments, and more. We trust that you'll find our inaugural evaluation of this firm insightful.
Presently, identifying a proprietary trading firm that aligns with your trading strategy and risk management plan can be a formidable challenge. The proprietary trading industry is in a constant state of evolution, introducing a multitude of options for traders.
With a surge in proprietary trading firms, each bearing distinct trading objectives and rules, we are here to simplify your quest and assist you in pinpointing precisely what you seek. So, without further ado, let's dive right into the Goat Funded Trader's Review.
Goat Funded Trader's Background and Funding Programs
Now, let's get into the specifics of Goat Funded Trader. This proprietary trading firm is relatively new to the industry, having been incorporated in May 2023. As the newcomers on the scene, they have their headquarters situated in the United States. Goat Funded Trader extends an enticing opportunity to traders, granting access to trading with up to $800,000 in USD capital.
Traders have the flexibility to opt for one of two distinctive challenge types: the No Time Limit and the Classic Evaluation within the One-Step and Two-Step Evaluation Program. We'll delve deeper into these programs shortly. It's noteworthy that Goat Funded Trader has established a partnership with ThinkMarkets as their broker. This affiliation ensures traders enjoy excellent trading conditions throughout their collaboration.
Now, let's shift our focus to the two funding programs that Goat Funded Trader offers to traders across the globe.
Details of Goat Funded Trader's No Time Limit Evaluation Program
Now, let's dive into the details of the Goat Funded Trader's Two-Step Evaluation Funding Programs. There are two distinct programs available: the No Time Limit Evaluation and the Classic Evaluation.
Two-Step Evaluation (No Time Limit)
| Capital | $5,000 | $8,000 | $15,000 | $25,000 | $50,000 | $100,000 | 200,000$ |
|---|---|---|---|---|---|---|---|
| Targets | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% |
| Profit Split | Up to 95% | Up to 95% | Up to 95% | Up to 95% | Up to 95% | Up to 95% | Up to 95% |
| Weekend Holding | Allowed | Allowed | Allowed | Allowed | Allowed | Allowed | Allowed |
| Minimum Trading Days | 0 days | 0 days | 0 days | 0 days | 0 days | 0 days | 0 days |
| Time Limit | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
| Daily Starting Drawdown | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
| Max Drawdown | 8% | 8% | 8% | 8% | 8% | 8% | 8% |
| Leverage | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
| Refundable Fee | 50$ | 85$ | 150$ | 200$ | 295$ | 515$ | 930$ |
Let's start with the No Time Limit Evaluation Program. In this program, traders are granted a generous 1 to 100 leverage. Phase one necessitates achieving a profit target of 8% while adhering to the following rules: not exceeding a 5% maximum daily loss and an 8% overall maximum loss.
One notable feature is that there are no additional time limit requirements or a minimum number of trading days to progress to phase 2. Once you reach the profit target, you're ready to advance.
In phase 2, the profit target is 5%, maintaining the same loss rules as in phase 1. Similar to phase 1, there are no additional time limit requirements or minimum trading day requirements to qualify for a funded account. You can choose to complete these phases as swiftly or as gradually as you prefer.
Upon successfully completing both evaluation phases, you'll be awarded a funded account. In this phase, there are no specific profit targets to meet. However, you must observe the daily loss and overall maximum loss rules, which stand at 5% and 8%, respectively.
Your first payout will be disbursed 30 calendar days from the day you place your first position on your funded account. During this 30-day period, you are required to engage in trading for a minimum of 10 calendar days.
The payout structure is as follows:
- First payout: 75% based on the profit you make on your funded account.
- Second payout: 80% profit split.
- Third payout: 85% profit split.
- Fourth payout: 90% profit split. These payouts can be requested bi-weekly.
- After the fifth payout, you can request payouts on a weekly basis and request a profit split increase to 95%, subject to specific criteria and approval by the firm's support team.
95% is an impressive profit split, aligning Goat Funded Trader with the best in the industry. Notably, the No Time Limit Evaluation Program accounts do not currently feature a scaling plan.
As for the trading instruments available in the No Time Limit Evaluation Program, they encompass Forex pairs, commodities, indices, equities, and cryptocurrencies.
Details of Goat Funded Trader's Classic Evaluation Program
Now, let's shift our focus to the Classic Evaluation Program Account. It, too, offers a 1 to 100 leverage. In the evaluation phase one, traders are required to attain a profit target of 8%, while ensuring they do not exceed a 5% maximum daily loss or a 10% overall maximum loss.
Two-Step Evaluation (Classic)
| Capital | $5,000 | $8,000 | $15,000 | $25,000 | $50,000 | $100,000 | 200,000$ |
|---|---|---|---|---|---|---|---|
| Targets | Phase I- Propfit Target = 7%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 7%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 7%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 7%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 7%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 7%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 7%, Phase II- Profit Target = 5% |
| Profit Split | Up to 95% | Up to 95% | Up to 95% | Up to 95% | Up to 95% | Up to 95% | Up to 95% |
| Weekend Holding | Allowed | Allowed | Allowed | Allowed | Allowed | Allowed | Allowed |
| Minimum Trading Days | 0 days | 0 days | 0 days | 0 days | 0 days | 0 days | 0 days |
| Time Limit | Phase1 = 30 days, Phase2 = 60 days | Phase1 = 30 days, Phase2 = 60 days | Phase1 = 30 days, Phase2 = 60 days | Phase1 = 30 days, Phase2 = 60 days | Phase1 = 30 days, Phase2 = 60 days | Phase1 = 30 days, Phase2 = 60 days | Phase1 = 30 days, Phase2 = 60 days |
| Daily Starting Drawdown | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
| Max Drawdown | 8% | 8% | 8% | 8% | 8% | 8% | 8% |
| Leverage | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
| Refundable Fee | 45$ | 80$ | 145$ | 185$ | 295$ | 515$ | 985$ |
The initial profit target must be met within 30 calendar days from the day you initiate trading in your evaluation account. Notably, there are no minimum trading day requirements to advance to phase two.
Phase two maintains a profit target of 5% with the same 5% maximum daily loss and 10% overall maximum loss rules in place. However, you are now required to achieve your profit target within 60 calendar days from the day you establish your position in the evaluation account. Again, no minimum trading day requirements apply.
Upon successful completion of both evaluation phases, you'll secure a funded account. In this phase, there are no specific profit targets to meet. Your primary responsibility is to adhere to the daily and overall maximum loss rules, which are set at 5% and 10%, respectively.
The payout structure mirrors that of the No Time Limit Evaluation Program, with your first payout scheduled 30 calendar days from the date of your initial trade. Following this, you have the flexibility to scale your profit share from 75% up to 95%, as previously explained in the No Time Limit program. Classic Evaluation Program accounts also do not incorporate a scaling plan.
Regarding trading instruments, Classic Evaluation Program accounts encompass forex pairs, commodities, indices, equities, and cryptocurrencies.
Unique Features of Goat Funded Trader
So, what sets Goat Funded Trader apart from other proprietary trading firms? Despite their relatively short existence, they offer a compelling array of features, including 24/7 customer service, refundable fees, low profit targets, high profit splits, top-notch trading tools, competitive spreads, and commissions. All of these elements contribute to an exceptional trading experience.
When assessing their trading objectives, it's evident that Goat Funded Trader offers an exceptionally attractive set of rules. Notably, they impose no minimum trading days, which is a noteworthy advantage.
Their profit splits are among the best in the industry, accompanied by highly favorable profit targets. Additionally, their trading rules are clear and straightforward. Furthermore, they provide a 100% bonus feedback, which means that upon receiving your first payout, you'll get 100% of your initial fee back.
Goat Funded Trader is also up-to-date with technology, offering the latest versions of MetaTrader 4 and MetaTrader 5. They've made a notable entrance into the industry by building on what other proprietary firms excel at and then pushing boundaries by offering the most competitive profit splits in the market.
Moreover, they don't stifle your trading style, allowing you to trade during news events and hold positions overnight or through the weekends. The absence of minimum trading day restrictions means you can secure funding as soon as you achieve your profit targets, fitting your own timeline.
In many ways, Goat Funded Trader differentiates itself from most industry-leading proprietary firms, showcasing an innovative approach to their business. Their strong entry into the industry has certainly garnered attention and left an impact.
Realism of Getting Capital with Goat Funded Trader
Is attaining capital through Goat Funded Trader a realistic endeavor? Well, it's a question that warrants careful consideration, especially when examining the trading requirements of a proprietary firm. Judging by the trading requirements we've explored thus far, Goat Funded Trader stands out as an excellent choice for securing capital, primarily due to the absence of time limits.
You have the flexibility to select from realistic trading objectives, which, when met, result in payouts. This approach aligns with a wide spectrum of trading styles and makes the process more attainable and less restrictive. Goat Funded Trader's partnership with ThinkMarkets, a premium multi-asset online brokerage with offices in London and Melbourne, further enhances the appeal.
ThinkMarkets facilitates quick and easy access to a broad array of markets, offering some of the most recognized trading solutions. This partnership ensures traders have the necessary tools and resources at their disposal.
With MetaTrader 4 and MetaTrader 5 support, Goat Funded Trader allows trading across a variety of instruments, including Forex pairs, commodities, indices, equities, and cryptocurrencies, all with a 1:100 leverage. This comprehensive approach caters to traders at all experience levels, from beginners to advanced practitioners.
Education and Support at Goat Funded Trader
Let's now turn our attention to the aspect of education and support, which is crucial for traders. Upon visiting their website, you'll notice an "Insights" section at the top, which includes a blog featuring trading tips and other informative content.
While it appears that this section might still be a work in progress, it's reasonable to anticipate that it will become a valuable resource in the near future. In terms of their dashboard, it's thoughtfully structured and accessible to all their traders, simplifying risk management. The dashboard prominently displays trading objectives and statistics, making it an efficient tool for traders.
Goat Funded Trader seems to prioritize the well-being of their traders, and it's reasonable to expect that their website will soon be enriched with valuable information to support your trading journey.
Customer Feedback on Trustpilot
Now, let's switch our focus to Goat Funded Trader's presence on Trustpilot for customer feedback.
Considering their relatively short time in the industry, there's limited feedback and reviews available at this time. If you're a Goat Funded Trader yourself, contributing your feedback to platforms like Trustpilot could greatly assist others. It would be fascinating to gain external perspectives on their services.
Based on our observations, Goat Funded Trader is making significant strides within the industry. It's likely that they'll gain substantial momentum in the near future, if they haven't already.
Final Thoughts on Goat Funded Trader
In our view, Goat Funded Trader is an excellent option if you are in search of a proprietary trading firm with clear and uncomplicated trading rules and have developed a consistent trading strategy.
They have positioned themselves to cater to a diverse range of individuals with various trading styles. We anticipate that Goat Funded Trader has the potential to become one of the standout proprietary trading firms in the industry.
As always, we'll continue to monitor their progress and keep you informed. In the meantime, consider exploring Goat Funded Trader; we believe they offer an excellent choice.