Goat Funded Trader Review
Goat Funded Trader, officially registered as Wishes Tower International SL, was established on May 17, 2023. The firm is based in the Canary Islands, Spain, and is led by CEO Edoardo Dalla Torre. Goat Funded Trader offers its clients a range of options including four different account types and evaluation processes, which consist of three two-step evaluations and one single-step evaluation. They are partnered with ThinkMarkets, serving as their brokerage firm, to provide a robust trading platform for their clients.
- Platforms for Prop Trading: MetaTrader 4, MetaTrader 5
- Participation cost: from $32 to $392
- Available capital for management: from $5,000 to $100,000
- Leverage Available up to 1:100
- Four Unique Funding Programs: These tailored programs provide flexibility in how traders can receive funding and manage their trading strategies.
- Multiple Add-on Features: Additional tools and options are available to enhance the trading experience.
- No Minimum Trading Day Requirements: Traders are not restricted by a minimum number of trading days, offering flexibility to trade according to their own schedule.
- No Maximum Trading Period (Except Classic Challenge): With the exception of the Classic Challenge, there are no time constraints on how long positions can be held.
- Scaling Plan: As traders achieve specified profit targets, they have the opportunity to scale their accounts, potentially increasing their capital base and profit capacity.
- Profit Share of 80% up to 95%: One of the most attractive features, offering traders between 80% to 95% of the profits made, depending on the account and program specifics.
- Overnight and Weekend Holding Allowed: Traders can hold positions over the weekend and overnight, enabling them to pursue strategies that span beyond the usual trading hours.
- News Trading Allowed: Traders can also engage in news trading, taking advantage of market volatility around major news events.
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Expert Advisors Suitable for this Prop Firm:
Goat Funded Trader Programs
Goat Funded Trader is committed to the success of its traders by offering a superior trading experience available 24/7. This commitment is reflected in their responsive customer support, refundable fee structure, realistic profit targets, advanced trading tools, competitive commission rates, and narrow spreads. Traders have the potential to achieve significant earnings, with the ability to manage accounts up to $200,000 and benefit from profit shares as high as 95%. This can be achieved through trading a variety of financial instruments such as forex pairs, commodities, indices, stocks, and cryptocurrencies.
Goat Challenge Goat Funded Trader Program
Goat Funded Trader rules:
Profit Target: Traders are required to hit specific profit percentages to successfully complete an evaluation phase, withdraw earnings, or scale their trading accounts. In Phase 1, the profit target is set at 8%, while Phase 2 demands a 6% profit achievement. Funded accounts, however, do not have predefined profit targets.
Maximum Daily Loss: There is a set limit on the maximum loss a trader can incur in a single day without compromising their account, which is initially set at 4% for all account sizes but can be scaled up to 8%.
Maximum Loss: The overall limit on the amount a trader can lose without breaching their account is set at 10% for all account sizes, with the possibility of scaling up to 14%.
Participation cost:
- $5,000 - $50
- $8,000 - $85
- $15,000 - $150
- $25,000 - $200
- $50,000 - $295
- $100,000 - $515
- $200,000 - $930
- $400,000 - $1,990
Goat Funded Trader's Goat Challenge offers traders the chance to manage accounts ranging from $8,000 to $150,000. The goal is to discover traders who can consistently generate profits and manage risks effectively during a two-step evaluation period. Participants in the Goat Challenge can trade with leverage up to 1:50.
- Evaluation Phase One: Traders must achieve an 8% profit target while adhering to a 4% maximum daily loss and a 10% overall maximum loss. There are no minimum or maximum trading day requirements in this phase. Advancement to the next phase requires meeting the 8% profit target without violating the loss limits.
- Evaluation Phase Two: The profit target is set at 6%, with the same loss limits as the first phase. Similarly, there are no trading day restrictions in this phase. To move to funded status, traders must reach the 6% profit target without exceeding the daily or total loss restrictions.
Upon completing both evaluation phases, traders qualify for a funded account with a 3% profit target for the first payout, maintaining adherence to the 4% maximum daily loss and 10% maximum loss rules. The first payout can be requested on-demand once a 3% profit is achieved, while subsequent withdrawals are processed monthly. Profit splits range from 80% to 95%, based on the profits generated in the funded account. Notably, if the first profit withdrawal is requested on-demand, a 40% profit split applies. If the withdrawal is requested after 30 calendar days, an 80% profit split is awarded.
The Goat Challenge incorporates a scaling plan that enhances traders' benefits as they continue to succeed. This scaling involves increments in account size, profit splits, and drawdown limits, in addition to monthly salaries, based on the frequency and number of successful payouts received while trading with a funded account.
Scaling Plan Details:
After 2 Months & 4 Successful Payouts:
- Account Increase: 15% addition to the initial account balance.
- Drawdown Increases: Both maximum daily and overall drawdown limits increase by 1%.
After 4 Months & 6 Successful Payouts:
- Account Increase: 30% addition to the initial account balance.
- Drawdown Increases: Both maximum daily and overall drawdown limits increase by 1%.
- Profit Split: Adjusted to 90%, with the ability to request withdrawals on a weekly basis.
- Additional Benefits: Eligibility for a free challenge retry in case of failure.
After 5 Months & 10 Successful Payouts:
- Account Increase: 40% addition to the initial account balance.
- Drawdown Increases: Both maximum daily and overall drawdown limits increase by 1%.
- Profit Split: Increases to 92%, with weekly payout requests.
- Monthly Salary: $300 for managing accounts from $5k to $50k, and $500 for accounts between $100k and $200k.
- Additional Benefits: Eligibility for a free challenge retry.
After 6 Months & 15 Successful Payouts:
- Status: Promotion to Goat Trader.
- Account Increase: Continued scalability based on performance.
- Drawdown Increases: Both maximum daily and overall drawdown limits increase by 1%.
- Profit Split: Maximum of 95%, with the flexibility to request payouts on a daily on-demand basis.
- Monthly Salary: Maintained at $300 for $5k to $50k accounts and $500 for $100k to $200k accounts.
- Additional Benefits: Eligibility for a free challenge retry if needed.
This scaling plan not only rewards financial gains but also offers significant career progression opportunities for traders who demonstrate consistent success and risk management skills.
No Time Limit Challenge Goat Funded Trader Program
Goat Funded Trader rules:
- Profit Target: Traders are tasked with reaching specific profit percentages to successfully complete evaluation phases, access withdrawals, or scale up their trading accounts. For Phase 1, the required profit target is 8%, while Phase 2 demands a profit target of 5%. It's important to note that funded accounts are not subject to specific profit targets.
- Maximum Daily Loss: Traders face a cap on the amount they can lose in a single trading day without jeopardizing their account, initially set at 5% across all account sizes. This limit can be adjusted upwards to 9% as part of scaling options.
- Maximum Loss: The overall limit for losses a trader can incur without breaching the account stands at 8% for all account sizes, with the possibility of scaling up to 12%. This framework is designed to encourage prudent risk management while allowing for significant trading flexibility.
Participation cost:
- $5,000 - $50
- $8,000 - $85
- $15,000 - $150
- $25,000 - $200
- $50,000 - $295
- $100,000 - $515
- $200,000 - $930
- $400,000 - $1,990
Goat Funded Trader offers the No Time Limit Challenge, designed for traders to handle account sizes from $5,000 up to $400,000. This challenge seeks to uncover proficient traders who can generate profits and manage risks effectively over a two-step evaluation period, with leverage up to 1:100.
- Evaluation Phase One: Traders must meet an 8% profit target while adhering to a 5% maximum daily loss and an 8% overall maximum loss. There are no restrictions on the number of trading days required in this phase. Advancement to the next phase hinges solely on achieving the 8% profit target without violating the daily or overall loss limits.
- Evaluation Phase Two: In this phase, the profit target is reduced to 5%. The maximum daily and overall loss limits remain at 5% and 8%, respectively. Similar to the first phase, there are no specific trading day requirements. Progression to funded status requires reaching the 5% profit target within the set loss constraints.
Upon successful completion of both evaluation phases, traders receive a funded account. For the first payout from this account, a 3% profit target applies, with the ongoing conditions of maintaining a maximum 5% daily loss and 8% overall loss. The initial payout can be requested on-demand after achieving a 3% profit, with subsequent withdrawals permitted on a monthly basis. The profit split ranges from 80% to 95%, depending on the performance in the funded account. Notably, if the first profit split is requested on-demand, the split is 40%. If requested after 30 calendar days, the profit split increases to 80%.
The No Time Limit Challenge by Goat Funded Trader includes a comprehensive scaling plan that rewards traders based on their performance and consistency. This plan enhances account features, profit splits, and includes salary benefits as traders meet specific milestones:
Scaling Plan Breakdown:
After 2 Months & 4 Successful Payouts:
- Account Increase: Receive a 15% boost to the initial account balance.
- Drawdown Adjustments: Maximum daily and overall drawdown limits increase by 1%.
After 4 Months & 6 Successful Payouts:
- Account Increase: Gain a 30% increase in the initial account balance.
- Drawdown Adjustments: Both daily and overall maximum drawdowns increase by 1%.
- Profit Split: Adjusted to 90%, with the option to request payouts weekly.
- Additional Benefits: A free challenge attempt is offered in case of failure.
After 5 Months & 10 Successful Payouts:
- Account Increase: Account size is increased by 40%.
- Drawdown Adjustments: Both daily and maximum drawdown limits rise by 1%.
- Profit Split: Increases to 92%, with weekly withdrawal options.
- Monthly Salary: Earn a monthly salary of $300 for managing accounts between $5k and $50k, or $500 for managing $100k to $200k.
- Additional Benefits: Eligibility for a free challenge retry upon failure.
After 6 Months & 15 Successful Payouts:
- Status Promotion: Achieve the title of Goat Trader.
- Account Increase: Continual account growth as you meet further targets.
- Drawdown Adjustments: Daily and maximum drawdown limits are enhanced by 1%.
- Profit Split: Raised to 95%, with the flexibility to request payouts on a daily on-demand basis.
- Monthly Salary: Maintain a $300 salary for managing smaller accounts, and $500 for larger accounts ranging from $100k to $200k.
- Additional Benefits: Continual eligibility for a free challenge retry if needed.
This scaling plan not only rewards successful trading but also fosters career growth and stability, encouraging traders to excel in their performance over time.
Classic Challenge Goat Funded Trader Program
Goat Funded Trader rules:
Profit Target: Traders are required to achieve specific profit percentages to successfully complete evaluation phases, withdraw earnings, or scale their trading accounts. The target for Phase 1 is set at 7%, while Phase 2 demands a profit target of 5%. It's important to note that funded accounts do not have preset profit targets.
Maximum Daily Loss: Traders are restricted by a maximum daily loss limit to prevent significant account breaches. This limit is initially set at 4% for all account sizes but can be extended up to 8% as part of a scaling strategy.
Maximum Loss: There is an overarching maximum loss limit of 10% that applies to all account sizes, with the flexibility to scale this up to 14%. This ensures traders manage risk effectively while having the opportunity to adjust their strategy as they scale.
Maximum Trading Period: The evaluation process is time-bound to maintain momentum and focus. Phase 1 must be completed within a maximum of 30 calendar days, and Phase 2 extends this period to 60 calendar days. These time frames are designed to challenge traders to meet their objectives within a reasonable but limited duration to simulate real-world trading pressures.
Participation cost:
- $5,000 - $45
- $8,000 - $80
- $15,000 - $145
- $25,000 - $185
- $50,000 - $295
- $100,000 - $515
- $200,000 - $985
- $400,000 - $1,959
Goat Funded Trader's Classic Challenge offers traders the chance to manage account sizes ranging from $5,000 to $400,000, aimed at identifying traders who can consistently generate profits and manage risks effectively. This challenge provides the opportunity to trade with leverage up to 1:100.
Evaluation Phase One:
- Profit Target: Traders need to achieve a 7% profit margin.
- Loss Limits: A maximum daily loss limit of 4% and an overall loss limit of 10% are enforced.
- Time Frame: Traders have 30 calendar days to meet the profit target, though there are no minimum trading days required to advance to the next phase.
Evaluation Phase Two:
- Profit Target: A profit target of 5% must be reached.
- Loss Limits: The same loss limits apply—4% maximum daily and 10% maximum overall.
- Time Frame: A 60-calendar day period is allotted to reach this target, with no minimum trading day requirement for moving forward to a funded account.
Upon successful completion of both evaluation phases, traders are granted a funded account with specific conditions:
- Initial Payout Requirement: A 3% profit is needed for the first payout.
- Loss Limits: The 4% maximum daily loss and 10% maximum loss rules still apply.
- Payout Conditions: The first payout can be requested on-demand after achieving the 3% profit target, and subsequent withdrawals can be made monthly.
- Profit Split: Traders enjoy a profit share ranging from 80% to 95%, depending on the profits made on the funded account. Note that an on-demand first profit request results in a 40% split, but waiting 30 calendar days increases this to an 80% split.
This structure is designed to assess a trader’s ability to generate profits under controlled risk conditions and to promote disciplined trading behavior, with significant incentives aligned with performance.
The Classic Challenge by Goat Funded Trader includes a robust scaling plan that rewards traders based on their performance and consistency with increased account sizes, profit splits, and drawdown limits, as well as additional benefits such as monthly salaries.
Scaling Plan Details:
After 2 Months & 4 Successful Payouts:
- Account Increase: 15% increase on the initial account balance.
- Drawdown Adjustments: Maximum daily and overall drawdown limits are increased by 1%.
After 4 Months & 6 Successful Payouts:
- Account Increase: 30% increase on the initial account balance.
- Drawdown Adjustments: Maximum daily and overall drawdown limits are increased by 1%.
- Profit Split: Raised to 90%, with the option to request payouts weekly.
- Additional Benefits: Eligibility for a free challenge retry in case of failure.
After 5 Months & 10 Successful Payouts:
- Account Increase: 40% increase on the initial account balance.
- Drawdown Adjustments: Maximum daily and overall drawdown limits are increased by 1%.
- Profit Split: Increased to 92%, with weekly payout requests.
- Monthly Salary: $300 for managing accounts between $5k and $50k, and $500 for accounts between $100k and $200k.
- Additional Benefits: A free challenge retry upon failure.
After 6 Months & 15 Successful Payouts:
- Status Promotion: Promotion to Goat Trader.
- Account Increase: Continual increase based on prior achievements.
- Drawdown Adjustments: Both daily and maximum drawdown limits are further increased by 1%.
- Profit Split: Raised to 95%, with payouts available on a daily on-demand basis.
- Monthly Salary: Maintained at $300 for smaller accounts and $500 for larger accounts.
- Additional Benefits: Continual eligibility for a free challenge retry if needed.
This comprehensive scaling plan is designed to incentivize traders to consistently perform well, offering substantial increases in trading capital and potential earnings, enhanced flexibility in trading strategies, and significant career progression opportunities.
One-step Challenge Goat Funded Trader Program
Goat Funded Trader rules:
Profit Target: Traders are required to meet a designated profit percentage of 10% to successfully complete the evaluation phase, enabling them to either withdraw earnings or scale their trading accounts. It's important to note that once traders are in funded accounts, there are no predefined profit targets set.
Maximum Daily Loss: The daily loss limit is set at 4% across all account sizes. This limit is designed to prevent significant account drawdown in a single trading day and can be scaled up to 8% to provide more flexibility under certain conditions.
Maximum Loss: There is an overall maximum loss limit of 6% that traders can incur before breaching their account. This cap is essential for risk management and can be extended up to 10%, allowing traders a buffer while maintaining control over losses to ensure sustainability and long-term profitability.
Participation cost:
- $15,000 - $170
- $25,000 - $230
- $50,000 - $339
- $100,000 - $590
- $200,000 - $1,050
Goat Funded Trader's One-step Challenge is designed to streamline the process of identifying skilled traders capable of generating profits and managing risks efficiently. This challenge offers participants the chance to handle account sizes ranging from $15,000 to $200,000 with leverage up to 1:30.
Evaluation Phase Details:
- Profit Target: Traders need to achieve a 10% profit margin.
- Loss Limits: A maximum daily loss limit of 4% and an overall loss limit of 6% are set to prevent significant drawdowns.
- Time Flexibility: There are no minimum or maximum trading day requirements in this phase, providing flexibility to traders to reach their targets at their own pace.
Transition to Funded Status:
- To advance to a funded account, traders must meet the 10% profit target without exceeding the set daily or overall loss limits.
Funded Account Conditions:
- Initial Payout Requirements: A 3% profit is required for the first payout.
- Loss Limits: The 4% maximum daily loss and 6% maximum overall loss rules continue to apply.
- Payout Conditions: The first payout can be requested on-demand once the 3% profit is achieved. Subsequent withdrawals are permitted on a monthly basis.
- Profit Split: Traders enjoy a profit share ranging from 80% to 95%, dependent on the profits generated on the funded account. Notably, if the first profit withdrawal is requested on-demand, the profit split is 40%. If requested after 30 calendar days, the profit split increases to 80%.
This challenge is tailored to accommodate traders who prefer a direct path to trading with substantial capital, allowing them to demonstrate their trading acumen under disciplined risk management conditions.
The Classic Challenge by Goat Funded Trader includes a robust scaling plan that rewards traders based on their performance and consistency with increased account sizes, profit splits, and drawdown limits, as well as additional benefits such as monthly salaries.
Scaling Plan Details:
After 2 Months & 4 Successful Payouts:
- Account Increase: 15% increase on the initial account balance.
- Drawdown Adjustments: Maximum daily and overall drawdown limits are increased by 1%.
After 4 Months & 6 Successful Payouts:
- Account Increase: 30% increase on the initial account balance.
- Drawdown Adjustments: Maximum daily and overall drawdown limits are increased by 1%.
- Profit Split: Raised to 90%, with the option to request payouts weekly.
- Additional Benefits: Eligibility for a free challenge retry in case of failure.
After 5 Months & 10 Successful Payouts:
- Account Increase: 40% increase on the initial account balance.
- Drawdown Adjustments: Maximum daily and overall drawdown limits are increased by 1%.
- Profit Split: Increased to 92%, with weekly payout requests.
- Monthly Salary: $300 for managing accounts between $5k and $50k, and $500 for accounts between $100k and $200k.
- Additional Benefits: A free challenge retry upon failure.
After 6 Months & 15 Successful Payouts:
- Status Promotion: Promotion to Goat Trader.
- Account Increase: Continual increase based on prior achievements.
- Drawdown Adjustments: Both daily and maximum drawdown limits are further increased by 1%.
- Profit Split: Raised to 95%, with payouts available on a daily on-demand basis.
- Monthly Salary: Maintained at $300 for smaller accounts and $500 for larger accounts.
- Additional Benefits: Continual eligibility for a free challenge retry if needed.
This comprehensive scaling plan is designed to incentivize traders to consistently perform well, offering substantial increases in trading capital and potential earnings, enhanced flexibility in trading strategies, and significant career progression opportunities.
The Best Prop Firm passed software are here:
Goat Funded Trader is a proprietary trading firm established on May 17, 2023. The company boasts a robust community of traders who have achieved funded status and are eligible for significant profit splits.
- Achieving Funded Status and Payouts: Upon reaching funded status through one of Goat Funded Trader’s various challenges—including the Goat Challenge, No Time Limit Challenge, Classic Challenge, or One-step Challenge—traders can receive their first payout from day one, provided they meet a 3% profit target. The profit split offered is quite attractive, ranging from 80% to 95%, depending on the profits generated on the funded account. It's important to note that if traders opt to request their first profit split immediately on-demand, they will receive a 40% profit share. However, if the request is made after waiting 30 calendar days, the profit split increases to 80%.
- Community and Proof of Payouts: Goat Funded Trader has an active presence on multiple platforms. For instance, on Trustpilot, traders share their experiences and insights about working with the firm and the efficiency of the payout process. Additionally, Goat Funded Trader’s Discord channel serves as another resource where new traders can view interviews with successful traders and see payout certificates that validate the earnings of top performers.
These resources not only affirm the credibility of Goat Funded Trader but also provide transparency and community support, helping new traders see the potential benefits of partnering with this firm.
Goat Funded Trader Review and Our opinion about this Prop Firm
Goat Funded Trader stands out as a reputable and trustworthy proprietary trading firm, offering traders a choice among four distinct funding programs: the Goat Challenge, No Time Limit Challenge, Classic Challenge, and the One-step Challenge. Each program is tailored to meet various trader needs and preferences, incorporating single or two-step evaluations with competitive profit splits ranging from 80% to 95%.
Overview of Each Challenge:
Goat Challenge: This two-step evaluation process requires traders to meet profit targets of 8% in the first phase and 6% in the second. The rules include a 4% maximum daily loss and a 10% maximum overall loss, with no set trading day requirements. This challenge includes a scaling plan that allows for an increase in the initial account balance, providing substantial growth opportunities.
No Time Limit Challenge: Similar to the Goat Challenge, this two-step evaluation requires reaching profit targets of 8% in the first phase and 5% in the second. The loss limits are slightly more lenient, with a 5% daily and an 8% overall cap. Like the other programs, it offers flexible trading days and a scaling plan for account enhancement.
Classic Challenge: This challenge also follows a two-step evaluation but includes time constraints, with a 30-day limit for the first phase and a 60-day limit for the second. Profit targets are set at 7% and 5% for the respective phases, with the same loss rules as the Goat Challenge. The scaling plan here also helps increase the initial trading capital.
One-step Challenge: Designed for rapid assessment, this program requires traders to achieve a 10% profit target in a single phase, under a 4% daily and 6% overall loss restriction. It provides the most direct path to funded status without the pressure of minimum or maximum trading days and includes a scaling plan.
Why Choose Goat Funded Trader?
Goat Funded Trader is ideal for individuals looking for a flexible and supportive trading environment. The firm offers features such as no minimum trading day requirements, except in the Classic Challenge, on-demand payouts from the first profit, and a robust scaling plan to enhance trading capacities and profit splits. Their various challenges accommodate different trading styles and strategies, allowing traders to choose the program that best fits their trading personality and goals.
Given these considerations, Goat Funded Trader is highly recommended for traders worldwide, promising not only a platform for trading but also opportunities for substantial financial growth and professional development in the prop trading industry.
