Goat Funded Trader Review

What is Goat Funded Trader?

Goat Funded Trader, founded on May 17, 2023, is a proprietary trading service that offers investors the chance to trade with amounts of up to $800,000, along with highly profitable profit shares of up to 95%. The organization is based in the Canary Islands, Spain, and operates in partnership with ThinkMarkets as their broker.

Goat Funded Trader is a proprietary trading organization that places great importance on the success of its traders and offers an amazing trading environment. The company provides round-the-clock worldwide client assistance, costs that can be reimbursed, conservative profit objectives, high-quality trading instruments, competitive charges, and tight bid-ask spreads. 

Traders can handle account sizes of up to $400,000 and can benefit from profit splits of up to 95%. Traders can optimize their prospective earnings by engaging in the trading of diverse financial products, including FX pairings, products, indices, shares, and cryptocurrencies.

Edoardo Dalla (Chief Executive Officer) at Goat Funded Trader 

Edoardo Dalla Torre, a 25-year-old individual, is both a trader and an entrepreneur with a compelling life story. Originally from an Italian town, his life path diverged when he was recruited to take part in basketball in the United States at the young age of 14. Due to financial limitations, he had to cut short his basketball experience in America and subsequently returned to Italy at the age of 18.

In the subsequent years, Edoardo’s drive for business became evident as he engaged in private ventures, marking a crucial milestone in his personal and professional growth. With steadfast commitment, he successfully obtained funding of over $1,000,000, a significant achievement that motivated him to create Goat Funded Trader.

Additionally, he is dedicated to establishing Goat Funded Trader as a prominent proprietary trading organization in the sector.

Goat Funded Trader Funding Programs and Challenges: Rules and Requirements 

Goat Funded Trader provides traders with a selection of three funding packages to choose from:

1. No Time Limit Evaluation
2. Classic Evaluation
3. One-step Evaluation

No Time Limit Evaluation Program 

The evaluation method offered by Goat Funded Trader is designed to acknowledge committed and proficient traders, awarding them for their consistent performance throughout the two evaluation rounds, without any time limitations. This account, operating under the no-time limit scheme, allows for trading with a leverage of up to 1:100.

The first phase of the evaluation requires reaching a profit target of 8% while adhering to the maximum daily loss of 5% or maximum loss of 8%, without any stated time constraint. There are no prerequisites for the minimum number of trading days to progress to phase two.

During phase two, traders are required to achieve a profit target of 5% while following the rules of not exceeding a maximum daily loss of 5% or a maximum loss of 8%. There are no time restrictions or minimum trading day requirements for transitioning to a funded account.

After completing both evaluation processes, traders are rewarded with a funded account that does not have any specific profit targets. The sole requirements entail adhering to the 5% threshold for daily losses and the 8% threshold for maximum losses. The first payout is made 30 calendar days after initiating the first trade in the funded account, requiring a minimum of 10 trading days during that time frame. 

Following a predetermined timetable, the initial profit distribution is set at 75%. Subsequently, the second (80%), third (85%), and fourth (90%) payouts can be requested every two weeks. 

Once the fifth compensation has been received, it is permissible to make weekly requests. In addition, traders have the option to request an increase in the profit share to 95%, subject to completing particular requirements and obtaining permission from the firm’s assistance department.

No Time Limit Evaluation program account scaling plan

Time-unlimited evaluation program accounts lack a growth strategy.

The trading products available for assessing program accounts with no time limit include currency pairings, goods, indices, stocks, and cryptocurrencies.

Guidelines for the Account in the No Time Limit Evaluation Program:

• Profit Target: A predetermined proportion of profit that must be achieved to conclude an evaluation period, extract gains, or expand the account. Phase 1 has a profit target of 8%, whilst Phase 2 has a profit target of 5%. Profit targets do not apply to funded accounts.

• Maximum Daily Loss: The most amount of money a trader can lose in a single day without breaching the account’s limit, which is fixed at 5% for all account sizes.

• Maximum Loss: The most amount of money a trader can lose without exceeding the account limit, which is set at 8% for all account sizes.

• Minimum Trading Days: the bare minimum amount of trading that must be completed before concluding an evaluation phase or making a withdrawal request. There is no minimum trading day requirement for evaluation stages. Nevertheless, to qualify for the initial payout, a minimum of 10 trading days is required on a funded account.
• Risk of Third-Party Copy Trading: When utilizing copy trading services, it is important to note that other individuals may already be employing the same trading method. Utilizing these services may pose a risk of being denied a funded account or withdrawal if the maximum capital allocation rule is surpassed.

• Third-Party EA Risk: It is important to be aware that while utilizing a third-party EA, there is a possibility that other traders may employ the same trading approach. Utilizing these EAs may provide a potential threat of account denial or withdrawal rejection if the maximum allocation of capital rule is exceeded.

Classic Evaluation Program Accounts

The purpose of the Goat Funded Trader’s assessment plan account is to identify proficient and committed traders who are compensated for their unwavering performance throughout the two-phase evaluation period. The standard evaluation program account provides the chance to participate in the trading process with a leverage of up to 1:100.

The first phase of the evaluation necessitates a trader to attain a profit objective of 7% while adhering to the constraints of a maximum daily loss of 4% or a maximum loss of 10%. 

The trader must achieve the profit target within 30 consecutive days starting from the day they initially open a position on the evaluation account. There are no prerequisites for the minimum number of trading days needed to get to phase two.

The second phase of the review requires a trader to achieve a profit goal of 5% while following the limits of a maximum daily loss of 4% or a maximum loss of 10%. The trader is given 60 calendar days, starting from the day they place their first position on the evaluation account, to achieve the profit target. 

There are no stipulated criteria regarding the minimum number of trading days needed to advance to a funded account.

After completing both evaluation processes, the trader is rewarded with a funded account that does not have any profit targets. The trader must strictly comply with the restrictions that limit the maximum daily loss to 4% and the maximum overall loss to 10%. 

The initial payout is made 30 days after the trader opens the initial trade on the funded account, with a minimum of 10 trading days inside those 30 days.

Following a predetermined timetable, the initial distribution of profits is set at 75%. Subsequently, the second (80%), third (85%), and fourth (90%) payouts can be requested every two weeks. 

Once the fifth reward is received, weekly requests are allowed. In addition, traders have the option to request an increase in the profit share to 95%, subject to completing particular requirements and gaining permission from the firm’s support team.

Classic Evaluation program account scaling plan

Classic Evaluation program accounts cannot scale

These accounts are specifically tailored for trading in FX pairings, commodities, indices, stocks, and cryptocurrencies. 

The following are the guidelines for the Classic Evaluation Program Account:

• Profit Target: To conclude an assessment phase, withdraw profits, or expand the account, a precise percentage of profit must be achieved. Phase 1 has a profit objective of 7%, whilst Phase 2 necessitates a profit objective of 5%. Profit targets do not apply to funded accounts.

• The maximum Daily Loss: The amount of money a trader can lose in a single day without breaking the account rules is limited to 4% of the total account size, regardless of the size of the account.

• The maximum loss: A trader can experience without violating the account is limited to 10% for all account sizes.

• Minimum Trading Days: A certain number of trading days must be completed before the evaluation process can be concluded or a withdrawal can be requested. There is no minimum trading day requirement for evaluation stages. Nevertheless, to qualify for the initial payout, a minimum of 10 trading days is required on a funded account.

• Maximum Trading Days: The upper limit on the duration within which a trader must achieve a predetermined profit target or withdrawal target. Phase 1 permits a maximum of 30 trading days, whereas Phase 2 permits a maximum of 60 trading days.

• Risk of Third-Party Copy Trading: Exercise caution while utilizing copy trading services, as engaging with a third-party service may subject anyone to the same trading approach employed by other traders. Violating the maximum capital allocation regulation may lead to the rejection of a funded account or withdrawal.

• Third-Party EA Risk: Exercise caution while utilizing third-party Expert Advisors (EAs) due to the possibility of other traders employing the same trading technique. Violating the maximum capital allocation regulation by using a third-party EA might result in the rejection of a funded account or withdrawal.

One-step Evaluation Program Accounts

The Goat Funded Trader’s program offers a simplified and efficient evaluation process for traders who demonstrate discipline and talent. 

It rewards them for their consistent performance throughout a single review session. This exclusive evaluation account allows for trading with a leverage ratio of up to 1:30.

Traders are required to meet a profit goal of 10% during the assessment phase while adhering to the restrictions of a maximum daily loss of 4% or a maximum loss of 6%. There are no explicit criteria regarding the minimum or maximum number of trading days for the evaluation account. The only qualification to be eligible for funding is to achieve the specified profit target.

After finishing the evaluation process, traders are given a funded account without any profit targets. The sole requirements entail strict adherence to the 4% threshold for daily losses or the 7.5% limit for overall losses. The start of the payout is scheduled to take place within thirty days after the trader initiates their first position on the funded account. This payout entails a profit share of 75%. 

Following disbursements, such as the second (with an 80% profit division), third (with an 85% profit division), and fourth (with a 90% profit division), can be requested every two weeks. After the fifth payout, traders can choose to request an increase in the profit split to 95%. However, this is subject to completing particular conditions and gaining permission from the firm’s assistance staff.

Goat-Funded Trader Broker: Do They Use a Reliable Platform? 

Goat Funded Trader utilizes ThinkMarkets as their brokerage firm. ThinkMarkets is a high-quality online brokerage that deals with multiple types of assets. It has its main offices in London and Melbourne. 

They offer efficient and convenient access to a diverse array of markets, together with highly reputable trading platforms such as MetaTrader 4, and MetaTrader 5, plus their proprietary ThinkTrader platform.

Goat Funded Trader is also present on other social networking platforms.

They possess a:

• Twitter account boasting a substantial following of 4,567 individuals

• A YouTube channel boasting a total of 326 followers and 26 videos that have been published.

• Instagram profile boasting a substantial following of 4,856 individuals.

Goat Funded Trader operates a Discord channel that boasts a membership of 2,275 individuals.

Goat-Funded Trader Fees: How Much Do They Charge? 

Goat Funded Trader Proof of Payment:

Goat Funded Trader was founded on May 17, 2023, & promptly commenced disbursing money to its accomplished traders. 

Aspiring traders have the opportunity to secure money through three distinct programs: the no-time restriction, classic, or one-step evaluation schemes. 

Upon the completion of a successful assessment period, traders are eligible to get their initial reward after 30 consecutive days, irrespective of the program of funding they opt for. Upon meeting the requirements, individuals will become eligible for bi-weekly payments. These payments will begin with a profit division of 75%, which has the potential to be raised to an astonishing 95%.

To access evidence of payments, people are advised to join the Discord channel of Goat Funded Trader, where payment proofs are often published.

Goat Funded Trader Customer Support: 

They provide traders from around the globe with customer care that is available 24/7. Additionally, the company offers recoverable costs, sets low-profit targets, provides top-notch trading tools offers competitive fees, maintains tight expands, and offers various two-step funding schemes.

FAQs

Goat Funded Trader has a comprehensive FAQ page that contains the details that customers are looking for.

The support team can be reached through their social media channels, or customers may contact them directly via email at [email protected].

Furthermore, they offer a live chat support service accessible via their website, ready to promptly furnish any necessary information.

What Makes Goat-Funded Trader Unique? 

The Goat Funded Trader distinguishes itself from other notable proprietary trading organizations by granting traders complete autonomy over their trading methodologies. This distinctive methodology allows you to actively participate in trading operations throughout the release of news, maintain holdings instantaneously, and even engage during weekends. 

Significantly, the company does not enforce any limitations on the number of trading days, allowing traders to quickly obtain money once they achieve their profit goals.

The evaluation program of the Goat Funded Trader operates without temporal limitations and has two separate phases that traders must successfully navigate to qualify for payments. Phase one necessitates attaining an 8% profit objective, whilst phase two entails sustaining a 5% profit objective. 

Throughout both periods, traders are bound by a 5% cap on daily losses and an 8% cap on overall losses. Crucially, there is no obligatory minimum number of trading days for each phase, simplifying the process of obtaining finance. It is imperative to acknowledge that the evaluation process does not have a scaling strategy.

Goat Funded Trader, when compared to other prominent private trading organizations in the industry, establishes relatively conservative profit objectives and removes any limitations on both the highest and lowest number of trades per day. The firm’s flexibility sets it apart as an attractive choice for traders who desire independence and a direct route to obtaining funds.

Goat-Funded Trader Reviews: What Do Their Customers Say?

Goat Funded Trader has achieved a rating of 4.5 out of 5 stars on Trustpilot, as determined by feedback from 449 customers. They have achieved company verification on Trustpilot. The organization is flourishing on this platform.

Trustpilot: 

#1. Semih described this website as well-funded and very reputable in forex trading. They typically offer discounts for all account types. You have the option to select from a variety of funded accounts of different sizes, allowing you to commence trading. 

Furthermore, the daily drawdown & maximum drawdown exceed those of other options. Obtain a higher rate of gain compared to others. One of the most advantageous aspects is the ease and speed of receiving payment. 

Based on her experience, she strongly recommends this exceptional website to anybody who truly desires to achieve victory.

#2. Panci stated that the company promptly and precisely provided the account passwords, whereas the broker’s response was somewhat delayed but otherwise satisfactory. 

#3. According to the client, Baljinder Singh suggested the inclusion of payment methods such as online bank transfer & UPI during the purchase of an assessment. This would facilitate payment for a larger number of traders since not everyone utilizes Coinbase or PayPal as their preferred payment platforms. 

#4. Caio Robazza Possiedi emphasized the importance of exercising caution with this particular prop. He stated that they caused him to skip his exam by informing him that he had met the maximum daily loss. However, their Dashboard indicated that it remained in good health. 

They fabricated a falsehood on the time zone that would easily deceive any novice. The Dashboard indicated a potential loss of $4199.00.  The individual incurred a loss of 2700 units, although their remaining balance after the occurrence remained above 100,000 units. 

They are unable to provide him with evidence supporting their request to ban my account. At the moment of the issue, there remained 7 hours till 5 pm EST, which is the designated period for resetting the daily loss limit.

Conclusion

Goat Funded Trader, a well-regarded proprietary trading service, offers traders three distinct financing programs: no time limit, classic, & one-step evaluations. The no-time restriction and classic evaluation programs consist of practical two-phase challenges, where participants must achieve profit targets of 8% and 7% in phase one, and 5% in phase two. 

Traders follow profit-sharing ratios that vary from 75% to 95%. They also abide by restrictions that limit their daily losses to a maximum of 5% and either 8% or 10%. The one-step evaluation program requires achieving a profit target of 10% while adhering to a maximum daily loss limit of 4% and a maximum loss limit of 6%. 

Despite the absence of a scaling plan, Goat Funded Trader provides advantageous conditions for traders who prefer a direct approach, portraying itself as a potential proprietary trading organization in the trading sector.