Goat Funded Trader Review: Legit Prop Firm or Scam?

Goat Funded Trader (GFT) is offering new and experienced traders the chance to trade financial markets via funded accounts and make money.

Traders can get funded with between $5k and $200k via the Goat Funded Trader challenge models.

Tradable assets include:

Forex
Indices
Commodities
Crypto

These assets can be traded with different leverages ranging from X2 to X100 on popular platforms such as Tradelocker, Match-trader, and MetaTrader5.

In this review, we want to look at different aspects of Goat Funded Trader to ascertain if the opportunity is legitimate and worth investing in.

This review is my personal opinion from interactions with the Goat Funded Trader website, and should not be taken as financial advice.

Let's get right to it.

How does Goat Funded Trader work?

Like any other Prop firm, Goat Funded Trader funds traders to trade and make money from the financial market.

Traders have to stick to specific account and trading rules pertaining to account risks and loss limits to be able to maintain a funded account and keep trading on the platform.

More so, there is a limit on the amount of leverage used for each tradable instrument.

Here are the allowable leverages:

Forex — 1:100
Indices — 1:20
Commodities — 1:20
Cryptocurrency — 1:2

Traders also get funded with up to 200k after selecting one of the several funding models on the platform.

Funding Models on Goat Funded Trader

1-step model

In this funding model, traders have to complete a one-step challenge to get funded.

10% profit target
Minimum 3 trading days
4% maximum daily drawdown
6% maximum loss limit
Trader gets 80% profit split

2-step model

In this funding model, traders have to complete a two-step challenge to get funded.

10% profit target in step 1
5% profit target in step 2
5% maximum daily drawdown
10% maximum loss limit

3-step model

In this funding model, traders have to complete a three-step challenge to get funded.

6% profit target in each step
4% maximum daily drawdown in each step
8% maximum loss limit in each step
Daily profit capped at $3000

Goat Blitz model

In this funding model, traders have to complete a one-step challenge to get funded.

3% profit target
Minimum 5 trading days
3% maximum daily drawdown
5% maximum loss limit

Instant Funding model

In this funding model, traders get funded instantly without going through any funding challenge.

4% maximum daily drawdown
8% maximum loss limit
2% maximum risk rule
65% profit split

Is Goat Funded Trader Real or fake?

The platform looks and operates like a real prop firm, according to their available trading plans. Their services are offered on their website but there is no mobile app for accessing the services.

From my personal research, the Goat Funded Trader services is provided by a company, Goat Funded LTD, which is registered as a Corporation in Saint Lucia, with company number 2025-00240.

However, users should apply caution when trying out services such as this one, as prop firms have historically proved to be fraudulent.

Many prop firms today offer traders funded accounts to trade the financial markets, but often renege on their promises and terms of business.

So, it's imperative to do your own diligence and start with the smallest plan as possible to limit your risk of loss.

How can you get started with Goat Funded Trader?

To get started with Goat Funded Trader, users can choose from one of the 5 available funding models, register an account, and pay the required account access fee to get started.

The lowest pricing on the platform is $17 in the 2-step funding model while the highest pricing goes for $1,398 in the Instant Funding Model.

Here are the pricing for each funding model:

1-step model

Minimum funded account of $15k - priced at $124
Maximum funded account of $100k - priced at $432

2-step model

Minimum funded account of $5k - priced at $17
Maximum funded account of $100k - priced at $383

3-step model

Minimum funded account of $10k - priced at $45
Maximum funded account of $100k - priced at $255

Instant Funding model

Minimum funded account of $2.5k - priced at $68
Maximum funded account of $50k - priced at $1,398

Goat Blitz model

Minimum funded account of $5k - priced at $75
Maximum funded account of $200k - priced at $943

How Can You Make Money With Goat Funded Trader?

With Goat Funded Trader, you can have access to substantial trading capital to start trading the financial market and start making money.

Most people would never be able to start trading successfully with their own fund, so this is a chance for any financial trader or aspiring trader to test their skills and try to make money.

I've written a post in the past about failing in trading due to capital limitations. So, this types of funded accounts are perfect for people looking for leverage in the markets to start putting their money where their mouths is.

How much can you make with Goat Funded Trader?

It depends on your trading skills.

Your trading skills will help you find the right trading opportunities and avoid as much risks as possible.

So, there are no guarantees when it comes to trading with a prop firm. In fact, if you don't know what you are doing, using a prop firm could be a fast route to getting financially recked.

Is Goat Funded Trader Legit or Scam?

There is no way to ascertain if Goat Funded Trader is a legit or scam platform. You have to do your own due diligence and start with the smallest funding plan.

Many of these kinds of platforms could start out as legit websites but later pull the rug after accumulating a substantial number of customers.

So, like anyone would advice you when going into the financial market, always trade or risk the amount you are willing to lose.

Positives about Goat Funded Trader

The first positive thing I observed about Goat Funded Trader is that there is no time limit for any of the funding challenges.

So, there is little to no pressure on traders to take unnecessary risks in the market. That means you can always sit on your hands if you do not find a favorable trading opportunity.

Also, unlike many other prop firms, Goat Funded Trader provides access to instant funding via its Instant Funding Model and Goat Blitz Model.

With these option, anyone could get access to substantial funding to start trading different financial markets.

Quite impressive.

Negatives about Goat Funded Trader

I observed a few negatives which might not be a big deal for most people.

Firstly, I'm not comfortable with capping of daily profits as obtainable in the 3-step funding model. I believe that if there is a limit on the amount of risk per account, then users should not be limited in how much they can make per account.

Also, the amount of leverage afforded for some of the tradable assets is not encouraging.

Particularly, the crypto asset, which has a fixed leverage of 1:2. I believe that the crypto trading asset on Goat Funded Trader should have a leverage of up to 1:10 to give room for more trade flexibility.

However, I understand the need to limit the leverage on crypto trading, due to the volatility of that asset class.

Should you subscribe to Goat Funded Trader?

You can always give it a try.

I recommend subscribing with only money you can afford to lose, and do so only if you already have trading skills and experience.

For newbies, I'll recommend staying away from prop firms entirely.

If you've decided to subscribe to Goat Funded Trader, you could start with the minimum instant funding model which gives access to funded account of $2.5k for just $68.

But if you're up for a challenge, then the minimum funded account for the 2-step model goes for just $17 to access $5k in funding.

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