Goat Funded Trader

Goat Funded Trader has quickly emerged as one of the most versatile proprietary trading firms in the industry. Founded in May 2023 by CEO Edoardo Della Torre, the firm is headquartered in the Canary Islands, Spain, with a registered presence in Saint Lucia. Despite being relatively new, Goat Funded Trader has built an engaged global community of traders and offers funding up to $800,000.

The Evaluation Process: A Model for Every Trader

One of Goat Funded Trader’s key strengths is its extensive selection of funding programs – seven in total – including traditional two-step challenges, a one-step evaluation, a three-step challenge, and two instant funding options. This variety allows traders to choose a path that matches their risk tolerance and preferred pace.

For example:

  • One-Step Model: Achieve a 10% profit target with a 4% daily loss limit and a 6% overall loss limit.
  • Two-Step Pro Model: First phase requires an 8% profit target, followed by a 4% target in the second phase, both with a 4% daily drawdown and 8% overall loss limit.
  • Goat 1Model:AuniqueultralowcostentrypointwhereforjustModel:Auniqueultralowcostentrypointwhereforjust1, traders receive a 1,000simulatedaccountwitha151,000simulatedaccountwitha15100, making it an ideal testing ground.
  • Instant Funding Options: Offering immediate access to funded capital without evaluation phases, with payouts every 10 or 14 days depending on the model.

Across most models, there are no time limits on challenges – only a minimum requirement of three trading days to qualify for progression. This gives traders the freedom to wait for their best setups.

Trading Conditions and Platforms

Goat Funded Trader supports a broad range of instruments, including Forex, indices, commodities, stocks, ETFs, and cryptocurrencies. Traders can choose from multiple platforms: MetaTrader 5 (MT5), TradeLocker, MatchTrader, cTrader, and Volumetrica. Leverage during evaluation phases is set at 1:100 for Forex, 1:20 for indices and commodities, and 1:2 for crypto, with slightly lower leverage in the funded phase to encourage sustainable risk management.

Payouts and Profit Split

The base profit split across most models is 80%, which can be upgraded to 100% as a paid add-on during checkout. Payouts are primarily processed bi-weekly, with certain instant funding models offering payouts every 10 days. Withdrawals are available via Rise, Crypto, and Skrill, with a minimum withdrawal amount of $100 for standard funded accounts.

Notably, the firm offers a scaling plan – traders who demonstrate consistent performance over time can increase their capital by up to 50% and reach profit splits of 95%.

Considerations and Trade-offs

While Goat Funded Trader offers impressive flexibility, traders should be aware of certain drawbacks:

  • Add-on Model: Some headline features like 100% profit splits and on-demand payouts require additional fees, which may not be obvious upfront.
  • Mixed User Feedback: Independent review platforms show divided opinions. Trustpilot ratings sit around 3.4/5, with some traders reporting payout delays or unexpected rule enforcement.
  • No Free Trial: Unlike some competitors, Goat does not offer a free trial to test the trading environment.
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