GOAT Funded Trader is a new and exciting prop firm with some great features to offer prop traders. This firm is particularly well suited for professional traders due to the scaling profit share feature which sees the profit split rise to up to 95%.

Another great aspect of this firm is the low profit targets which stand at just 8% and 5% for phases one and two respectively. This means more traders can break through into funded accounts.

Another key advantage offered by Goat Funded Trader is its elimination of minimum trading day requirements. This flexible policy empowers traders to devise personalized trading strategies based on their unique preferences and market opportunities.

Moreover, Goat Funded Trader is a prop firm that embraces news trading. This allows traders to leverage market events and news announcements to their advantage. Recognizing the significance of news in shaping market dynamics, Goat Funded Trader empowers traders to exploit profitable opportunities arising from these events.

Transparency and fairness are at the core of Goat Funded Trader. This is evident in its commitment to having no hidden rules. Goat Funded Trader upholds a clear and open policy, ensuring traders are well-informed and able to trade with confidence.

Goat Funded Trader’s Account Options

When it comes to actually obtaining your funded trading account, you’ve got 2 options for challenge types.

The first type of challenge, that is in theory the best option for traders, is the ‘No Time Limit’ challenge. The second type is the standard challenge.

Let’s take a quick look at the differences and what you’ll need to know when choosing your options.

No Time Limit Challenge

This challenge is exactly what it says on the tin. A 2 stage trading challenge, similar to FTMO, however, you will have no limit on phase 1 or phase 2!

In phase 1, you’ll have a profit target of 8%, with a daily drawdown limit of 5% and a maximum drawdown limit of 8%. This is slightly better than the industry standard!

If you’re successful, in phase 2, you’ll have a 5% profit target but the loss and drawdown rules remain the same. Again, you’ll have an unlimited time duration to make your profit target.

If successful in phase 2, you’ll be awarded your funded trading account with 5% daily drawdown and 8% maximum drawdown limits. You’ll also be refunded for the fee of the challenge. This fee varies depending on which challenge you purchase, but the $100,000 challenge costs $515.

Classic Challenge

The classic challenge works in a very similar way to the ‘No Time Limit’ challenge and mirrors a conventional FTMO challenge.

The only difference is that in phase 1, you’ll have a maximum of 30 days to complete your profit target.

In phase 2, you’ll have 60 days to complete your profit target.

In all honesty, the fee of $515 is exactly the same as that of the no time limit challenge, so it makes no sense to buy the classic challenge.

You might as well purchase the challenge that allows you to take your time and focus on high quality trades, since it’s the same cost!

What Makes Goat Funded Trader Different From Other Prop Firms In The Industry?

1. 95% Profit Split

The profit split for funded traders of 95% is huge! For reference, many of the top prop firms in the industry offer anywhere from 70% to 80% by way of profit split – which explains why we are so impressed with 95%!

These are the two main differentiators between GFT and other prop firms in the industry. Seemingly there are a lot more features being added to the website soon but it’s still early days and a lot of these features are still in the development and testing stages, so we won’t count those just yet!

2. No time limit on challenges (On certain challenges)

By challenges not having a time limit, traders can focus on taking just high quality trades that meet their trading plan, rather than needing to force trades purely because they’re against a 20 day clock to reach a profit target. This will make it much easier for traders and enable real trading rather than emotional trading.

3. No minimum trading day requirements

Many prop firms have a minimum trading day requirement. This means that if traders are finished with the profit target in 15 days, they will still need to continue trading in some cases, causing losses and eating away at the probability of passing the challenge. This firm allows traders to finish the challenge as soon as they’re finished, making it faster and safer to pass!

4. 8% maximum drawdown limit

Some firms are hamstringing traders with 2-5% drawdown limits, making it hard for traders to take risk or suffer any kind of drawdown, which is inevitable in the markets. Goat Funded Trader are offering an 8% maximum limit, which gives traders just a bit more breathing room to be able to confidently trade your strategy without constantly having your back against the wall.

5. Hedging, news trading and EA’s are allowed

By allowing many different types of trading, you’re going to have a much better chance at succeeding in the trading challenges, than you would if you worked with a prop firm with incredibly strict rules. You’re also allowed to trade without a TP and SL if you desire, but I wouldn’t recommend that – ever!

Conclusion

In summary, Goat Funded Trader seems to be a legitimate prop firm offering traders capital of up to $800,000, with a huge 95% profit split and a range of features that make it a perfect hub for EA traders and day traders looking to get funded.

With that being said, the firm is extremely new and it’s hard to draw conclusions without seeing more traders going for funding! As it stands currently, the firm is looking like it could be great – but we’ll need to see more traders through the door and more reviews rolling in with payouts prior to making any firm decisions!