GOAT Funded Trader Review

Item: GOAT Funded Trader
Rating: 4.9
Author: Proptary

This review covers the 2-Step Standard evaluation. The firm also sells other models with different rules and prices; check the model you plan to buy.

HQ: Hong Kong
Founded: 2023
Regulation: Not publicly stated

Operated by Wishes Tower International Limited

Written by the Proptary Team · Updated 16 Oct 2026

Researched with AI assistance and verified by our editors

Visit GOAT Funded Trader

Overview

The GOAT Funded prop firm offers two-step evaluations, one-step challenges, and instant funding accounts across forex, commodities, indices, and crypto.

GOAT Funded Trader was founded in May 2023 by Edoardo Dalla Torre and Matteo Desideri. The brand operates under Wishes Tower International Limited, incorporated in Hong Kong under company registration number 76428795, alongside Goat Funded LTD, registered in Saint Lucia under number 2025-00240. The firm operates purely within simulated trading environments and does not execute customer orders directly in live financial markets.

Review summary

Pros and cons

What works

5 strengths

Static drawdown model on 2-Step evaluations measured from starting capital
No time limits imposed to hit profit targets across evaluation phases
Broad trading platform support across MT5, cTrader, Match-Trader, and TradeLocker
Optional 100% profit split upgrade available via checkout add-on
News trading and weekend overnight position holding are allowed

What doesn't

5 to plan around

Trustpilot rating suspended following guideline breaches and removal of fake reviews
Traders on Reddit report payout denials and profit reductions (r/PropFirmTester thread)
Restrictive $3,000 daily profit cap and 6% initial withdrawal cap on funded accounts
Prohibits all hedging and restricts copy trading strictly to its proprietary internal tool
Third-party expert advisors and VPS hosting tools are banned during trading activity

Cost of entry

GOAT Funded Trader pricing

Account Size	Evaluation Fee
$5,000	$52
$10,000	$90
$25,000	$234
$50,000	$358
$100,000	$628
$200,000	$1198

The GOAT Funded prop firm charges a one-time fee per challenge, starting at $52 for a $5,000 2-Step Standard account and reaching $1198 for $200,000. All challenge purchases require a one-time entry fee rather than a recurring monthly subscription, and fees are refundable following your fourth eligible payout cycle. On a $100,000 account, paying $628 grants you access to simulated capital with a $10,000 static drawdown cushion. At the time of writing, the $100,000 evaluation lists at $628 and shows a discounted price of $345 on the firm's pricing page. However, optional add-ons selected during checkout, such as upgrading to a 100% profit split or enabling on-demand payouts, increase the initial outlay considerably. Traders must also note that account purchase fees are non-refundable if you fail either phase of the evaluation. The prices in this table are the full list prices for the 2-Step Standard model Forex only. We can't tell how long any current discount will last. Prices were checked on October 16, 2026 and can change without notice, please confirm the price on the firm's pricing page before you buy.

Rule clarity

GOAT Funded Trader rules

Score95 / 100

GOAT Funded prop firm rules for the 2-Step Standard evaluation require a 10% profit target in Phase 1 and 5% in Phase 2, with a 5% daily loss limit and a 10% static drawdown. The static drawdown establishes an absolute equity floor set at 90% of your starting capital that never trails upward, giving you a fixed buffer throughout your trading. For a $100,000 account, your daily loss threshold resets each day at 5:00 PM EST based on the higher of balance or equity, meaning a 5% decline of $5,000 within a single session triggers an immediate hard breach. Leverage magnifies losses as well as gains. At 1:100, a 1% move against your position wipes out the margin on that trade, and breaching the 5% daily loss or 10% maximum drawdown ends the account and forfeits your evaluation fee. Violating the daily limit or the maximum static floor results in immediate account termination and forfeiture of your evaluation fee. You also cannot hedge (hold opposite positions at the same time), run commercial third-party bots, or trade while connected to a VPS. The GOAT Funded consistency rule is not enforced on the 2-Step Standard evaluation.

Profit target: 10%
Max daily loss: 5%
Max total drawdown: 10%
Drawdown type: Static (Balance-based)
Min trading days: 3
Time limit: None
Consistency rule: Not enforced
Max leverage: 1:100
Scaling plan: Yes, up to $2M
Platforms: MT5, cTrader, TradeLocker, Match-Trader, Volumetrica
Instruments: Forex, Metals, Indices, Commodities, Crypto, Stocks
Not accepted from: Afghanistan, Belarus, Bolivia, Bosnia and Herzegovina, Central African Republic, Chile, Cuba, Democratic Republic of the Congo, Hong Kong, Iran, Israel, Russia, Singapore, South Korea, Syria

What a static drawdown means for you

The limit is fixed against the account starting balance and does not move as the account grows or shrinks. It is the most forgiving type: once you are in profit, the same dollar buffer stays in place rather than trailing up behind your equity.

What changes once you are funded

Once funded on the 2-Step Standard model, maximum leverage on forex drops from 1:100 down to 1:50, while indices and commodities drop from 1:20 to 1:10. Traders become subject to a $3,000 daily profit cap and must complete four profitable days of at least 0.5% profit before requesting a withdrawal. The first two payout requests are capped at 6% of the initial account balance or $10,000. The GOAT Funded scaling plan can lift account size up to $2M.

Strategy rules

News trading: Allowed
EAs / bots: Not allowed
Weekend hold: Allowed
Hedging: Not allowed
Copy trading: Allowed
HFT / tick scalping: Not allowed

Payout reliability

GOAT Funded Trader payouts

Score25 / 100

The GOAT Funded prop firm pays an 80% default profit split every 14 days, with a $100 minimum withdrawal and a 3% processing fee. Payouts are processed via Rise, crypto, Skrill, and bank wire. On GOAT Funded payout time, traders report processing in one to two business days after approval. Traders who maintain consistent performance can purchase a 100% split add-on at checkout to eliminate the firm’s cut entirely. On a $100,000 funded account that produces $5,000 in net profit, an 80% split yields $4,000, from which the 3% processing fee deducts $120.

However, the firm enforces a $3,000 daily profit ceiling and caps the first two payouts at 6% of starting balance or $10,000, whichever is lower. You must also pass mandatory KYC identity verification before any funds are released, and some traders on Reddit report delays and payout denials during risk reviews.

Profit split: 80%
Payout cycle: Every 2 weeks
Reported payout speed: 1-2 business days
Withdrawal fee: 3%
Minimum withdrawal: $100
Payout methods: Crypto, Bank Wire, Rise, Skrill

Customer support

Score65 / 100

GOAT Funded Trader provides customer support through 24/7 live chat on its website, an official Discord community server, and a dedicated email desk. Routine platform questions and account configuration issues typically receive responses within minutes via the web chat widget according to public reports. However, public user accounts indicate that complex inquiries regarding account breaches, payout investigations, and identity verification often face substantial delays. Furthermore, several traders report receiving unhelpful templated answers or facing server bans when disputing payout deductions.

Channels: Live chat, Email, Discord
Availability: 24/7
Reported response time: Under a day
Reports collected: 16 Oct 2026

Track record

Track record and transparency

Score40 / 100

Over its operating history, the GOAT Funded prop firm expanded from standard evaluation plans into instant funding, zero-day payout models, and multi-platform integrations. The company introduced its proprietary GOAT Trade Copier while simultaneously tightening operational restrictions by prohibiting all VPS and VPN hosting environments during live trading. The firm’s marketing materials highlight millions of dollars distributed to simulated traders. A Reddit thread on r/PropFirmTester describes one trader’s payout denial and profit reduction. We could not independently confirm the details.

Community sentiment

Score20 / 100

Trader feedback on the GOAT Funded prop firm is heavily polarized between praise for low challenge fees and complaints about payout execution. As of September 2026, Trustpilot listed 4,252 reviews for GOAT Funded Trader, 38% of them one-star, and suspended its rating after identifying guideline breaches and removing fake reviews. Positive comments cite competitive pricing and accessible multi-platform choices across MT5 and cTrader. Conversely, on Reddit, some traders report denied withdrawals, slippage (fills at a worse price than requested), and sudden account closures that they link to margin limits or IP address changes.

Decision

Final verdict

Our verdict on the GOAT Funded prop firm is that its low fees and static drawdown are offset by payout and transparency concerns. Trustpilot has suspended the firm's rating, and traders on Reddit report denied payouts and reduced profits (r/PropFirmTester thread). These are unproven reports, but together they weigh on our view of the firm's transparency. In addition, rules such as the $3,000 daily profit cap, the withdrawal caps on the first two payouts, and the VPS ban limit what profitable traders can do. We suggest weighing these risks carefully before you pay for an evaluation.

With a score of 49, this firm is not recommended before paying for an evaluation.

Is GOAT Funded Trader right for you?

GOAT Funded Trader may suit manual retail swing traders who prioritize low upfront challenge fees, static loss limits, and generous time horizons over withdrawal certainty. If you depend on third-party automated bots, run trade copiers across outside brokers, or expect large payouts without delays, this firm will likely frustrate you.

Who should trade with GOAT Funded Trader?

This firm is best suited for budget-conscious discretionary traders who execute small position sizes manually and wish to practice multi-phase evaluation milestones without ticking clocks. It is a poor fit for algorithmic traders, high-volume scalpers, and anyone who cannot absorb a payout deduction or the firm's IP tracking rules.

Questions

FAQ

What Is GOAT Funded Trader?

The GOAT Funded prop firm is a proprietary evaluation company that sells simulated funding assessments, enabling retail traders who hit performance targets to earn cash performance rewards based on simulated market gains.

Is GOAT Funded Trader Legit?

GOAT Funded Trader is an established commercial entity operating since 2023, but it has concerns traders should weigh before paying for an evaluation. While the firm processes payouts to many retail traders, Trustpilot suspended the firm's rating after finding guideline breaches and removing fake reviews, and some traders report denied withdrawals on Reddit.

How to Withdraw From GOAT Funded Trader?

You can request a withdrawal directly through your dashboard after meeting eligibility rules. Payments are issued via Rise, cryptocurrency, Skrill, or bank transfer. Traders report processing in one to two business days after approval, and payouts run on a 14-day cycle. Your first two payouts are capped at 6% or $10,000, and all disbursements incur a 3% processing fee alongside mandatory identity verification.

Where Is GOAT Funded Trader Based?

GOAT Funded Trader is headquartered in Hong Kong under its registered operating entity Wishes Tower International Limited, with supplementary corporate registration in Saint Lucia under Goat Funded LTD. GOAT Funded Trader does not state that it holds a financial license, so no financial regulator supervises it, and neither your evaluation fee nor your simulated balance has statutory investor protection.

What Is Pay Later Challenge in GOAT Funded Trader?

The Pay Later challenge is an evaluation option where you pay an initial $5 setup fee and only pay the remaining challenge cost after passing the evaluation. On the Pay Later model, the funded account enforces a tighter 6% trailing drawdown (a loss limit that rises as your balance grows), a 2% floating loss cap (a limit on losses from open trades), and a strict 30% consistency rule.

Before you pay

Many prop firms operate without a financial services license. They argue that traders use simulated accounts and the firm risks its own capital, so no client money is held and no license is required. That arrangement is common in this industry, but it also means no regulator supervises the firm and there is no compensation scheme if it stops paying. What matters instead is whether the company behind the brand is named and traceable, and whether it has a payout record you can check.

This page is for information only and is not investment or trading advice. Trading through a funded or proprietary trading program carries real risk, including the loss of evaluation fees and any funded account. Rules, pricing, and payout terms vary by firm and can change without notice. A Proptary Grade reflects our most recent check and may not capture very recent changes, so confirm current terms directly with the firm before buying an evaluation.

Before you pay

Many prop firms operate without a financial services license. They argue that traders use simulated accounts and the firm risks its own capital, so no client money is held and no license is required. That arrangement is common in this industry, but it also means no regulator supervises the firm and there is no compensation scheme if it stops paying. Proptary is not a financial institution, not an investment adviser, and is not supervised by any financial regulator.

Nothing here is advice. Our grades, scores and write-ups are information only. They are not investment or trading advice, not a recommendation to buy an evaluation, and not tailored to your circumstances. Read the firm’s own terms and decide for yourself.

A grade is not a guarantee. A Proptary Grade summarises the evidence we were able to verify on the date shown. It is not a measure of the firm’s financial strength, not a promise that it will pay you, and not an assurance that it will still be operating next month. Payout records, review scores and support times we cite are historical evidence, never a forecast.

The fee is at risk from the moment you pay it. An evaluation buys an attempt, not an account. Most traders do not pass. Breaching a drawdown or consistency rule can cost you the entire fee and any funded account, with no refund.

Prices and rules change without notice. Firms change fees, rules and payout terms, sometimes days after we check. Confirm the current terms on the firm’s own site before you pay for anything. Proptary is not liable for losses arising from reliance on information published here.

Links to firms leave Proptary. We do not open, hold or operate trading accounts. Payment, identity checks, data handling and payouts are between you and the firm, under that firm’s own terms and privacy policy.

How this page is researched. Data is gathered with AI assistance and verified by our editors against the firm’s own documents before publishing.