The forex market is crowded with prop firms all trying to attract traders. They all pitch themselves as the best, offering various benefits and financial support to help traders succeed. But it’s important to remember that not every firm is as good as it claims.
Some can definitely help you grow your trading skills and achieve your financial goals, while others might not be as reliable. That’s why it’s crucial to do your homework and really understand what each prop firm is about before you decide to join one.
This brings us to my review of Goat Funded Trader, a newer player in the prop trading scene. It’s gaining attention because it offers some pretty cool perks that could make it the right choice for forex traders looking for support and growth. We’re going to take a closer look at what they offer and see if they might just be the best forex prop trading firm out there for you.
What is Goat Funded Trader?
Goat Funded Trader is a relatively new player in the prop trading field, created by traders who’ve been in the game and know the challenges well. They’ve set up their firm with the goal of helping traders succeed, offering realistic goals, fair profit splits, and a supportive learning environment.
This firm is making waves by giving traders access to up to $800,000 to trade with, along with a standout 95% profit split for those who become funded traders. They’re also flexible, providing high leverage and removing the pressure of time limits and minimum trading days for some challenges. This approach is quickly building Goat Funded Trader’s reputation online and leading some to claim that they are the best futures prop trading firm.
Goat Funded Trader Benefits
Here are some of the reasons why I think you should consider Goat Funded Trader as your prop trading partner:
- High Trust Rating: Boasts an impressive 4.5 out of 5 stars on Trustpilot.
- Generous Profit Sharing: Traders can enjoy between 80% to 95% of the profits they earn.
- Substantial Trading Capital: Offers the potential for traders to manage up to $800,000.
- Multiple Program Choices: Provides four distinct funding program options to suit various trader needs.
- Achievable Evaluation Targets: Sets low profit targets for evaluations at 8% and 5%.
- Diverse Trading Options: Allows trading across a wide range of instruments including Forex, commodities, indices, and stocks. They even allow for crypto prop trading.
- Flexible Trading Schedule: There are no mandated minimum trading days.
- No Strict Time Limits: Offers unlimited trading time, except for the Classic Challenge.
- Growth Opportunities: Features a scaling plan to increase capital over time.
- Weekend Trading: Permits holding positions overnight and during weekends.
- User-Friendly Interface: Provides a well-organized dashboard for users.
- Reasonable Leverage: Up to 1:100 leverage available, though it’s lower in the one-step challenge.
Goat Funded Trader Drawbacks
Although they are considered one of the best forex prop trading firms by some, there are some drawbacks you should be aware of. Most notably:
- Limited Community Interaction: There’s a noticeable lack of community feedback available.
- Challenging Evaluation: Some may find the evaluation process demanding.
- Drawdown Limits: There’s a maximum daily drawdown based on equity, which can be a constraint for traders.
Goat Funded Trader Evaluation Rules
Goat Funded Trader has 3 different programs to choose from. Here they are:
- No Time Limit Evaluation:
- Structure: Two-phase evaluation with no time constraints.
- Phase 1 Goals: 8% profit target, under 5% daily and 8% maximum loss.
- Phase 2 Goals: 5% profit target, maintaining the same loss limits.
- Profit Split: Starts at 75%, escalates to 95% upon meeting specific criteria.
- Payout Schedule: First payout after 30 days and a minimum of 10 trading days, then biweekly or weekly.
- Classic Evaluation:
- Structure: Two-phase evaluation with fixed time limits (30 days for Phase 1, 60 days for Phase 2).
- Phase 1 Goals: 7% profit target, under 4% daily and 10% maximum loss.
- Phase 2 Goals: 5% profit target, with the same loss limits.
- Profit Split: Begins at 75%, increases to 95% with eligibility.
- Payout Schedule: After 30 days and at least 10 trading days, then biweekly or weekly.
- One-Step Evaluation:
- Structure: Single-phase evaluation.
- Goals: 10% profit target, under 4% daily and 6% maximum loss.
- Profit Split: Initial 75%, potential increase to 95%.
- Payout Schedule: Starts after 30 days, following 10 days of trading, then can be biweekly or weekly.
General Rules for All Programs:
- Trading Instruments: Forex, commodities, indices, equities, cryptocurrencies.
- Copy Trading/EA Risk: Using third-party services may risk account denial if exceeding maximum capital rule.
- Fee Refunds: Available upon successful completion of the evaluation phases.
To get an idea of account size and pricing, here are some sample prices:
| Account Size | No Time Limit Evaluation | Classic Evaluation | One-Step Evaluation |
| $15,000 | $150 (No Time Limit) | $145 (Classic) | $170 (One-Step) |
| $100,000 | $515 (No Time Limit) | $515 (Classic) | $590 (One-Step) |
Conclusion
Navigating the crowded forex market for the best prop trading firms can be overwhelming. However, Goat Funded Trader shines through with its generous profit shares, and a supportive environment tailored for trader growth. They offer up to $800,000 in trading capital and flexibility that caters to both new and experienced traders.
If you’re in search for one of the best prop trading firms that aligns with your goals and supports your growth, Goat Funded Trader is worth considering. Ready to kickstart your trading journey with a firm that stands out from the rest? Click Here to get started with Goat Funded Trader.