In the dynamic world of proprietary trading firms, where many reliable prop firms are battling fierce competition. Goat Funded Trader is a relatively young company. It offers diverse funding options ranging from 5k to 200k USD and profit sharing is up to 95%. Since this profit-sharing is a bit high, we decided to look closely at the firm’s crucial features.
In this review of Goat Funded Trader, we will assess the firm’s important features including safety, rules, funded options, assets, support, and more. After reading this review, you will clearly understand the pros and cons of this firm and will define if it’s worth trading with them.
?️ Safety & Security of Goat Funded Trader
Safety plays a critical role in defining if the prop firm you are reviewing is worthy of consideration. The safety of the Goat Funded Trader is tricky to define, and we have to assess its experience in the industry, trader reviews, and how its trading services are backed. If the firm is backed by a regulated Forex broker, then it is relatively safe, as they can’t manipulate prices or platforms.
In the case of Goat Funded Trader, the firm is relatively young having been established in 2023, meaning the experience is scarce with this firm. Another important aspect, which is trader reviews, is lacking in the FPA (ForexPeaceArmy). The firm has over 1k reviews on Trustpilot, where 14% of reviews are 1-star assessments, which is a bit of a red flag.
As for the partner broker, Goat Funded Trader is partnered with a regulated Forex and CFDs broker, ThinkMarkets. This is super essential and gives the firm a little bit of legitimacy while not mitigating the bad reviews.
Overall, Goat Funded Trader offers mediocre safety and reliability as it is young, has many bad trader reviews, but is partnered with a regulated broker.
? Available Assets on Goat Funded Trader
Goat Funded Trader offers access to diverse financial markets including Forex pairs, metals, indices, cryptos, and stocks. This is a decent diversity and should allow traders of all types to find something tradable on the Goat Funded Trader two platforms.
When it comes to leverage levels, the firm offers different limits for each asset class. Forex pairs have 1:100 leverage, Gold, and silver 1:80, indices, commodities, and oils 1:20, and cryptos have 1:2.
?️ Goat Funded Trader Account Types
Goat Funded Trader provides traders with standard and swap-free challenges, which are in turn divided into several funded account types. Both normal and swap-free funded accounts offer exactly the same range of accounts, funding options, and other terms, except swap-free accounts are without swaps aimed at Islamic traders.
? Goat Funded Normal 1-step No time limit account has 0 minimum trading days, allowing traders to access the funded account right away after they hit the profit target. The daily risk limit is 4% and the maximum drawdown is set at 6%. The leverage is only 1:30 and profit-sharing is up to 95%. Traders can choose between the two trading platforms, Match-Trader, and Trade Locker, and the rules and terms are exactly the same. As for the funded options, Goat Funded Trader 1-step no time limit account offers 15k, 25k, 50k, 100k, and 200k funded options only. There are no lower options for these accounts, which is a slight downside. Swap-free variation offers exactly the same specs, except there are no swaps charged.
? Goat Funded Trader normal 2-step accounts are three, Goat, No time limit, and swing funded accounts.
The No Time Limit funded account is a 2-step funded challenge that has a 5% daily risk limit at all stages, a maximum drawdown of 10% on all stages of a challenge, and a 10% profit target. There are no time limits and minimum trading days are also 0. The leverage is capped at 1:100 and profit-sharing can be increased to up to 95%. As for the funded options, the Goat challenge offers 5k, 8k, 15k, 25k, 50k, 100k, and 200k amounts. Here, traders can also choose between the two platforms of Trade Locker and Match-Trader.
? Goat Funded Trader Goat funded accounts have an 8% profit target, 4% daily risk limit, and 10% maximum drawdown. There are no minimum trading days required, and traders can get funded as fast as they achieve the profit target for each phase of the challenge. The leverage is lower for the Goat account and is capped at 1:50. Profit-sharing is also up to 95% here as well. The funding options include 5k, 8k, 15k, 25k, 50k, 100k, and 150k USD accounts.
? Goat Funded Trader Swing accounts are only offered in the form of Swap-free funded accounts, which is a downside. This account has limited funded options including 10k, 25k, 50k, and 100k USD amounts. The profit target is 10% for phase one and is reduced to 6% for phase two. There are no minimum trading days, and traders can get their first payout on demand after reaching the funded status. Surely, they have to make profits to withdraw them as the funded amount itself is not withdrawable like with other firms. The daily risk limit is 4% and the maximum drawdown is 12% at all stages of the challenge. The leverage is also capped at 1:50 for this account, and profit-sharing is also up to 95%.
? Goat Funded Trader trading fees
When selecting a suitable prop firm account, it is essential to get low fees to have a chance to try several times in case the trader fails on their first try. Goat Funded Trader has competitive fees which are low on starter amounts like 5k USD funded accounts. Let’s list all of them and define how competitive the firm’s pricing is.
? Normal 2-step Goat funded account has the following fees:
- Funded amount:5,000 USD — one-time fee: 30 USD
- 8,000 USD — 48 USD
- 15,000 USD — 88 USD
- 25,000 USD — 138 USD
- 50,000 USD — 238 USD
- 100,000 USD — 398 USD
- 150,000 USD — 598 USD
? Normal 2-step no time limit offers the following fees:
- Funded amount:5,000 USD — one-time fee: 44 USD
- 8,000 USD — 84 USD
- 15,000 USD — 154 USD
- 25,000 USD — 194 USD
- 50,000 USD — 294 USD
- 100,000 USD — 524 USD
- 150,000 USD — 974 USD
? Goat Funded Trader 1-step no time limit funded account offers prop traders the following fees:
- Funded amount: 15,000 USD — one-time fee: 170 USD
- 25,000 USD — 230 USD
- 50,000 USD — 339 USD
- 100,000 USD — 590 USD
- 200,000 USD — 1050 USD
? Goat Funded Trader Swap Free 2-step Swing account allows traders to access funded challenges for the following fees:
- Funded amount: 10,000 USD — One-time fee: 120 USD
- 25,000 USD — 230 USD
- 50,000 USD — 370 USD
- 100,000 USD — 580 USD
As we can see, Goat Funded Trader prop firm offers relatively competitive fees but lacks in safety.
As for trading fees, there is a 0 USD commission for indices, and crypto trading and spreads are competitively provided by ThinkMarkets. Goat Funded Trader free repeat is not available, but traders can get new accounts for a discount after breaking the rules. Goat Funded Trader free trial is not available at this moment, but since the firm is young, it will likely provide it at some point in the future.
? Platforms and Mobile Trading at Goat Funded Trader
Trading platforms play a crucial role in prop trading, as this software allows traders not only to access financial markets but also to analyze assets using advanced technical indicators.
Goat Funded Trader offers two trading platforms, Match-Trader, and Trade Locker. These platforms are becoming a cornerstone of prop trading as they were designed for prop trading, offering plenty of functions aimed at prop trading.
Goat Funded Trader Match-Trader and Trade Locker are also available for mobile devices and can be downloaded from the firm’s website to trade on the go.
? Education and research tools offered by Goat Funded Trader
The firm offers a trading blog where traders can find various posts ordered by topic. These topics include education, contests, and more. The general tab of the blog consists of weekly market insights and analysis. The educational part consists of posts about various tricks and interesting facts about trading. These educational posts can not be used to learn financial trading and start prop trading. So, overall, the firm severely lacks educational resources and the blog does not provide anything useful for learning the trading concepts.
As for the Goat Funded Trader tools, the firm only offers a pip calculator, which is available on their website.
? Customer Support of Goat Funded Trader
Customer support is one of the most important aspects of prop trading. Proprietary firms must offer responsive support via live chat and hotline channels to ensure traders can resolve any issues quickly and get back to trading activities
Goat Funded Trader has only two customer support channels, live chat, and email. This is underwhelming, as traders can not use hotline support. There is a telegram channel, but live chat is faster. Overall, the firm offers mediocre support.
Frequently Asked Questions
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