Goat Funded Trader Review: High Splits, Are They Legit?

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Our Rating: 3.2/5

Bottom Line: Goat Funded Trader offers compelling features—up to 100% profit splits, no time limits on challenges, and account scaling to $2M. However, serious transparency issues, Trustpilot guideline breaches, payout disputes, and strict EA/copy trading bans make this a high-risk choice. Proceed with caution.

Best For: Budget-conscious traders, those wanting no time limits, manual discretionary traders

Not Ideal For: EA/algo traders, copy traders, those prioritizing payout reliability

Goat Funded Trader (GFT) has grown rapidly since launching in May 2023, becoming the 12th most searched prop firm globally with over 40,500 monthly Google searches. Their aggressive marketing promises up to 100% profit splits, scaling to $2 million, and “payout on demand”—features that sound almost too good to be true.

The reality is more complicated. While some traders report smooth payouts and affordable challenges, a significant number of complaints about denied withdrawals, unexplained account breaches, and lack of transparency on trading conditions have emerged. Trustpilot has flagged the company for guideline breaches and removed fake reviews—a red flag that demands attention.

In this review, we’ll examine what Goat Funded Trader actually offers, break down their rules and restrictions, and help you decide whether the potential rewards justify the risks.

What Is Goat Funded Trader?

Goat Funded Trader is a proprietary trading firm founded in May 2023 by CEO Edoardo Dalla Torre. The company operates under the legal name Wishes Tower International Limited, registered in Hong Kong (Company Number 76428795), with additional operations in the Canary Islands, Spain.

Key Company Stats:

• Founded: May 2023
• Headquarters: Hong Kong (branch in Las Palmas, Spain)
• CEO: Edoardo Dalla Torre (Edward XL)
• Legal Entity: Wishes Tower International Limited
• Trustpilot Rating: 3.4/5 (3,300+ reviews) — flagged for guideline breaches
• Claimed Payouts: $7M+
• Monthly Searches: ~40,500 (12th most searched prop firm)
• Monthly Site Traffic: ~596,000 visits

Unlike broker-backed prop firms that execute trades through real brokerages, Goat Funded Trader operates on a simulated trading environment. This means your trades are not executed in real financial markets—a common practice among prop firms but worth understanding before you start.

The company doesn’t disclose their spread data or liquidity providers, making it difficult to verify actual trading costs. This lack of transparency is a recurring theme in trader complaints.

Goat Funded Trader Challenge Types

GFT offers multiple funding paths, including 1-Step, 2-Step, 3-Step evaluations, Instant Funding, and their unique Goat Blitz and $1 Model options. All programs feature no time limits—a genuine advantage over competitors with strict deadlines.

Video: Understanding Prop Firm Challenges

New to prop firm evaluations? This video explains how funded trader challenges work: https://www.youtube.com/embed/Lhf_2gJJS1Q

1-Step Challenge

The 1-Step challenge offers single-phase evaluation for traders who want faster funding.

• Account Sizes: $5,000 – $200,000
• Entry Fee: From $179 ($50K account, discounted)
• Profit Target: 10%
• Daily Drawdown: 4%
• Max Drawdown: 6%
• Minimum Trading Days: 3
• Leverage: Up to 1:30
• Profit Split: 80% (upgradeable)

2-Step Standard Challenge

The traditional two-phase evaluation with more generous drawdown limits.

• Account Sizes: $5,000 – $150,000
• Entry Fee: From $30 ($5K account)
• Profit Target: 8% (Phase 1), 5% (Phase 2)
• Daily Drawdown: 5%
• Max Drawdown: 10% static
• Minimum Trading Days: 3 per phase
• Leverage: Up to 1:100 (evaluation), 1:50 (funded)
• Profit Split: 80% (upgradeable)

2-Step Goat Challenge

Similar to Standard but with different account size options and pricing.

• Account Sizes: $15,000 – $200,000
• Entry Fee: From $170 ($15K account)
• Profit Target: 8% (Phase 1), 5% (Phase 2)
• Daily Drawdown: 5%
• Max Drawdown: 10%
• Minimum Trading Days: 3 per phase
• Profit Split: 80% (upgradeable to 100%)

3-Step Challenge

Three-phase evaluation with lower profit targets per phase.

• Profit Target: 5% per phase (all three)
• Daily Drawdown: 4%
• Max Drawdown: 10% static
• Minimum Trading Days: 3 per phase
• Profit Split: 80% (upgradeable)

Instant Funding (Instant Goat)

Skip evaluations with immediate access to funded capital—but with tighter risk parameters.

• Account Sizes: $5,000 – $200,000
• Entry Fee: Higher than evaluation programs
• Profit Target: None (immediate funding)
• Daily Drawdown: 2% (immediate closure if breached)
• Max Drawdown: 6% trailing
• Minimum Trading Days: 5 for first payout
• Profit Split: 65% (first payout), 70% (second), 80% (third onwards)

The 2% daily drawdown on Instant accounts is notably strict. If your floating P&L drops below -2% at any moment, the account is permanently closed. This is significantly tighter than most competitors.

Instant Pro Model

Even tighter parameters than standard Instant Funding.

• Max Drawdown: 4% trailing
• Consistency Rule: 20% (no single day exceeds 20% of total profits)

Goat Blitz Model

Fast-track funding with strict risk management.

• Daily Drawdown: 3%
• Max Drawdown: Varies by account type
• Designed for: Disciplined traders with proven track records

Goat $1 Model

Entry-level option for traders wanting to test the platform.

• Account Size: $1,000 only
• Entry Fee: $1
• Purpose: Low-risk platform testing

The $1 model is useful for experiencing GFT’s platforms and rules before committing to larger accounts, though the small account size limits practical trading potential.

Goat Funded Trader Rules & Restrictions

GFT has stricter trading restrictions than many competitors—particularly around automated trading and strategy types. Understanding these rules is critical before purchasing.

Drawdown Rules

Account Type	Daily Drawdown	Max Drawdown	Type
2-Step Standard	5%	10%	Static
2-Step Goat	5%	10%	Static
1-Step	4%	6%	Varies
3-Step	4%	10%	Static
Instant Goat	2%	6%	Trailing
Instant Pro	2%	4%	Trailing
Goat Blitz	3%	Varies	Trailing

Important: Daily drawdown is calculated at 5 PM EST based on the higher of your account balance or equity. Instant accounts have the strictest parameters—the 2% instant closure rule can terminate accounts quickly during volatile markets.

Consistency Rule

GFT enforces consistency rules on certain accounts:

• Standard accounts: 15% — No single trading day can account for more than 15% of total profits
• Instant Pro: 20% — No single day can exceed 20% of total profits

This prevents traders from passing through one lucky trade and ensures steady performance over time.

EA and Automated Trading (Heavily Restricted)

This is where GFT differs significantly from competitors:

• EAs Allowed: Yes, but only if you own the code
• Proof Required: GFT may request you prove code ownership at their discretion
• Third-Party EAs: Prohibited — Commercial or off-the-shelf EAs designed to pass challenges are banned
• HFT Systems: Prohibited
• Gold Arbitrage EAs: Prohibited
• Latency Arbitrage: Prohibited

If GFT suspects you’re using a commercial EA, they can request the source code. Failure to prove ownership results in account termination and forfeited profits. This makes GFT unsuitable for most EA traders.

Copy Trading (Completely Banned)

Unlike many prop firms that allow copy trading, GFT prohibits it entirely:

• No copying between evaluation accounts
• No copying between funded accounts
• No copying across accounts owned by different traders
• No duplicating trades manually or via EA

Violating copy trading rules results in account termination and forfeited payouts.

Hedging (Prohibited)

GFT does not allow hedging:

• No opposite positions on the same asset within your account
• No hedging between your own accounts
• No hedging between accounts owned by different traders

Martingale (Prohibited)

Martingale and grid-based recovery systems are strictly prohibited. Any strategy that increases lot sizes after losses to recover previous losses is banned.

News Trading (Allowed with Profit Cap)

News trading is permitted, but with a significant limitation:

• Trades opened or closed within 2 minutes of high-impact news (red folder on ForexFactory) can generate maximum 1% profit
• Excess profit from news trades is removed
• Applies to both challenge and funded phases

This effectively caps news trading profitability, making pure news trading strategies unviable.

What’s Allowed

• Weekend Holding: Permitted
• Overnight Holding: Permitted
• Manual Trading: Fully supported
• News Trading: Allowed (with 1% profit cap during events)
• Custom EAs: Allowed if you own the code

Payout Policy & Profit Split

Profit Split Structure

GFT’s profit split varies by account type and scaling level:

• Base Split: 80%
• Upgradeable to: 100% (through add-ons and scaling)
• Instant Funding 1st Payout: 65%
• Instant Funding 2nd Payout: 70%
• Instant Funding 3rd+ Payout: 80%
• On-Demand (after 3 days): 40%

The on-demand option after just 3 trading days sounds appealing, but the 40% split is significantly lower than waiting for standard payouts.

Payout Timeline

• Standard: Bi-weekly (every 14 days)
• On-Demand: After 3 trading days (40% split)
• Instant Goat: After 5 trading days (minimum 0.5% profit per day)
• First Payout Minimum: 3% account profit
• Minimum Withdrawal: $100
• No Open Positions: Required for payout requests

Payment Methods

• Rise
• Cryptocurrency
• Skrill

Drawdown Reset

For Instant Funding accounts, the maximum loss limit resets after each payout—a useful feature for maintaining trading flexibility.

Scaling Plan

GFT’s scaling plan offers a path to significant capital, though requirements are substantial.

Instant Funding Scaling

For Instant accounts, you can double your account size when reaching 10% profit:

• Requirement: 10% profit on initial balance
• Reward: Account doubles (up to 3 times)
• Example: $50K → $100K → $200K → $400K
• Payout on Scale: 50% of profits at scaling milestone

Funded Account Scaling (4 Levels)

For evaluation accounts that become funded:

Level 1:

• Requirements: 2 months, 4 payouts, 10% profit
• Benefits: Capital increase, improved split

Level 2:

• Requirements: 4 months, 6 payouts, 10% profit
• Benefits: Further capital increase

Level 3:

• Requirements: 5 months, 10 payouts
• Benefits: 40% capital increase, 92% profit split, weekly payouts, drawdown +3%, free retry if account lost, monthly salary ($300-$500)

Level 4 (GOAT Trader):

• Requirements: 6 months, 15 payouts
• Benefits: 50% capital increase, 95% profit split, drawdown +4%, free retry, monthly salary ($300-$500), up to $2M total capital

The scaling benefits at Levels 3 and 4 are attractive, but reaching them requires consistent performance over 5-6 months with numerous payouts—a significant commitment.

Trading Platforms & Instruments

GFT has had a complicated history with trading platforms, particularly MetaTrader.

Current Platforms

• TradeLocker — Browser-based, TradingView integration, limited EA support
• MatchTrader — Fast execution, built-in analytics, mobile compatible
• Volumetrica — Alternative platform option
• MetaTrader 5 (MT5) — Best for automation, not available to US residents

Platform History: GFT withdrew MetaTrader services multiple times due to licensing issues. In February 2024, they were among the first prop firms to drop MetaTrader, migrating users to MatchTrader. MT4 was briefly restored, then removed again. This instability is worth considering if platform consistency matters to you.

Available Instruments

• Forex pairs (majors, minors, exotics)
• Metals (gold, silver)
• Indices
• Commodities
• Stocks
• Cryptocurrencies

Leverage

• Forex: Up to 1:100 (evaluation), 1:50 (funded)
• Indices/Commodities: 1:20 – 1:10
• Stocks: 1:5
• Crypto: 1:2

Commissions

• Forex & Metals: $5 per lot
• Crypto, Indices, Commodities, Stocks: $0 per lot
• Spreads: Raw spread (not disclosed publicly)

The lack of publicly disclosed spread data is a significant transparency issue. Several traders have complained about excessive spreads, particularly on forex and gold.

Country Restrictions

Restricted Countries: Bangladesh, Bulgaria, Chile, Cuba, Hong Kong, Iran, Japan, Jordan, Lebanon, Libya, Malaysia, Myanmar, North Korea, Russia, Senegal, Singapore, Somalia, South Korea, Sri Lanka, Sudan, Syria, Togo, Thailand, Vietnam

US Traders: Accepted, but limited to TradeLocker or MatchTrader platforms only. MT5 is not available to US residents due to CFD trading restrictions.

Goat Funded Trader Pros & Cons

Pros

• Affordable entry — Challenges start at $30 ($5K account), $1 for the micro model
• No time limits — Complete challenges at your own pace
• High profit splits — Up to 100% at higher scaling levels
• Multiple challenge types — Options for different trader profiles
• Scaling to $2M — Aggressive growth potential
• Bi-weekly payouts — Reasonable payout frequency
• On-demand payout option — Access profits after 3 days (40% split)
• Static drawdown available — 2-Step programs use static (not trailing)
• Accepts US traders — Available in most countries
• Fee refund — Available on certain programs
• Monthly salary at high levels — $300-$500/month for Level 3-4 traders

Cons

• Trustpilot guideline breach — Platform flagged for fake reviews
• Payout disputes — Numerous complaints about denied or delayed withdrawals
• No spread disclosure — Trading costs are opaque
• Simulated environment — Trades not executed in real markets
• EA restrictions — Must prove code ownership; commercial EAs banned
• Copy trading banned — Completely prohibited
• Hedging banned — Not allowed on any account
• Martingale banned — Grid strategies prohibited
• News trading capped — 1% profit maximum during events
• 2% instant closure — Harsh daily drawdown on Instant accounts
• Platform instability — MetaTrader removed multiple times
• Account breach complaints — Traders report unexplained failures
• Lower initial split on Instant — 65% first payout vs. 80% standard

What Traders Are Saying

Trustpilot Analysis

Goat Funded Trader has 3,339 reviews on Trustpilot with an overall rating of 3.4 out of 5 stars—though this comes with a significant warning.

Goat Funded Trader Trustpilot Rating: 3.4/5 (3,339 reviews) — Company flagged for guideline breach

Star Distribution:

• 5-star: 61%
• 4-star: 11%
• 3-star: 3%
• 2-star: 2%
• 1-star: 23%

Critical Note: Trustpilot has flagged Goat Funded Trader for “guideline breaches” and has “removed a number of fake reviews for this company.” This is a serious red flag that should factor into your decision.

Video: Don’t Start Goat Funded Until You Watch This

A recently published video providing the latest news and reviews about GoatFunded:

Common Positive Feedback:

• “Very low prices, good market conditions, their customer support is very fast, no KYC delays.”
• “Clear rules, fast support system, and smooth payout process.”
• “The challenge and instant accounts are always at a really affordable price.”
• “Dashboard is amazing, customer support is fast and knowledgeable, payouts under 48 hours.”

Common Complaints:

• “Spreads can get crazily expensive most times” — particularly on forex and commodities
• “Account marked as FAILED for Daily Drawdown Exceeded despite dashboard showing within limits”
• “After passing the first stage, they raised the spread excessively on forex and gold”
• “KYC rejected without explanation, funds stuck”
• “Permanent ban and Discord removal without documented proof”
• “Forced closure on profitable positions without clear violations”

The Spread Issue

Multiple traders report that spreads widen significantly, particularly during volatile times or after passing challenges. Since GFT doesn’t publicly disclose spread data, verifying trading costs before committing is impossible. This is a recurring theme in negative reviews.

Is Goat Funded Trader Legit?

Goat Funded Trader is a registered company that has paid out millions to traders. However, “legit” doesn’t necessarily mean “recommended.”

Legitimacy Markers:

• Registered company (Wishes Tower International Limited, Hong Kong)
• Over 18 months of operations since May 2023
• $7M+ in claimed trader payouts
• Active social media presence
• Multiple platform options
• Thousands of trader reviews

Red Flags:

• Trustpilot guideline breach — Fake reviews removed
• No spread transparency — Trading costs unknown
• Simulated trading — Not connected to real markets
• Payout disputes — Significant number of complaints
• Account breach complaints — Traders report unexplained failures
• Rule enforcement concerns — Some traders allege selective enforcement

GFT isn’t a scam in the sense of taking money and disappearing. They operate a functional prop firm that has paid traders. However, the transparency issues, Trustpilot flagging, and payout complaints suggest higher risk than more established alternatives.

Who Should Use Goat Funded Trader?

Best For:

• Budget-conscious traders — $30 entry for $5K account, $1 micro option
• Manual discretionary traders — No EA ownership issues
• Those wanting no time pressure — Unlimited challenge duration
• Traders accepting platform flexibility — TradeLocker, MatchTrader options
• Those seeking high profit splits — Up to 100% at scaling levels
• Risk-tolerant traders — Willing to accept transparency concerns

Not Ideal For:

• EA and algo traders — Strict ownership requirements, commercial EAs banned
• Copy traders — Completely prohibited
• News traders — 1% profit cap during events
• Martingale/grid users — Strategies banned
• Those prioritizing transparency — Spread data not disclosed
• Risk-averse traders — Payout concerns warrant caution
• MT4 users — Platform not available
• US traders wanting MT5 — Not available due to regulations

VPS Considerations for GFT Traders

While GFT has strict EA restrictions, manual traders and those using allowed custom EAs still benefit from stable execution environments. For traders who qualify to use EAs on GFT, a reliable VPS ensures consistent connectivity.

A dedicated trading VPS provides:

• 24/7 uptime — Maintain platform connections without home computer interruptions
• Stable connectivity — Avoid disconnections that could affect open positions
• Consistent IP address — Some prop firms flag changing IPs as suspicious activity
• Low latency — Faster order execution for time-sensitive strategies

For GFT’s MT5 platform (non-US traders), a low-latency trading VPS can improve execution quality—though verify your EA strategy is permitted before investing in infrastructure.

Frequently Asked Questions

Is Goat Funded Trader legit?

Goat Funded Trader is a registered company (Wishes Tower International Limited in Hong Kong) founded in May 2023. They have paid out $7M+ to traders and have 3,300+ Trustpilot reviews. However, Trustpilot has flagged them for guideline breaches and removed fake reviews. They operate on simulated trading environments, not real markets.

What is Goat Funded Trader’s profit split?

Goat Funded Trader offers 80% base profit split, with upgrades available to 95% and even 100% at higher scaling levels. Instant Funding accounts start at 65% on the first payout, increasing to 80% by the third payout.

How much does Goat Funded Trader cost?

Goat Funded Trader challenges start at $30 for a $5,000 2-Step Standard account. The Goat $1 Model offers a $1,000 account for just $1. Account sizes range from $1,000 to $200,000, with evaluation fees up to $1,139 at full price (discounts frequently available).

What platforms does Goat Funded Trader support?

Goat Funded Trader supports TradeLocker, MatchTrader, Volumetrica, and MT5. Note that MT5 is not available to US residents due to CFD restrictions. The firm has had a complicated history with MetaTrader platforms, withdrawing MT4 support multiple times.

Does Goat Funded Trader allow EAs?

Yes, but with strict conditions. You can use Expert Advisors as long as you own the code and can prove it upon request. High-frequency trading (HFT), Gold Arbitrage EAs, and third-party/commercial EAs designed to pass challenges are prohibited. Copy trading is completely banned.

Does Goat Funded Trader accept US traders?

Yes, Goat Funded Trader accepts US traders. However, US residents are limited to TradeLocker or MatchTrader platforms only—MT5 is not available due to CFD trading restrictions in the United States.

What is Goat Funded Trader’s scaling plan?

Goat Funded Trader’s scaling plan has four levels. Starting after 2 months and 4 payouts, traders can progress to $800,000 in funding. Level 4 (GOAT Trader status) requires 6 months and 15 payouts, offering 95% profit split, monthly salary, and up to $2M in total capital.

Final Verdict

Our Rating: 3.2/5

Goat Funded Trader presents an enticing package on paper: affordable challenges starting at $30, no time limits, profit splits up to 100%, and scaling potential to $2 million. For budget-conscious manual traders, these features may outweigh the concerns.

However, the red flags are significant and cannot be ignored:

• Trustpilot has flagged the company for guideline breaches and removed fake reviews
• Trading costs are opaque—no publicly disclosed spread data
• Numerous payout disputes and account breach complaints
• Strict bans on copy trading, hedging, martingale, and commercial EAs
• Platform instability with repeated MetaTrader withdrawals

The 23% one-star review rate on Trustpilot—combined with the guideline breach flag—suggests a meaningful portion of traders have had negative experiences. The lack of transparency on spreads is particularly concerning for a firm operating in simulated markets where they control execution.

If you’re a manual discretionary trader with a high risk tolerance who appreciates affordable entry and no time pressure, GFT might work for you. Test with the $1 model first before committing significant capital.

For EA traders, copy traders, or anyone prioritizing payout reliability and transparency, more established alternatives with cleaner track records likely offer better risk-adjusted value.

The bottom line: Goat Funded Trader has legitimate features but carries meaningful risks. Go in with eyes open, start small, and verify everything before scaling up.