Goat Funded Trader Review 2026: programs, conditions and full verdict
Goat Funded Trader is an unregulated prop firm founded in 2023, operating from the Canary Islands (Spain). It offers 9 different programs with accounts from $2,500 to $400,000 (scaling to $2,000,000) and an 80% profit split (100% with add-on). Over 250,000 funded traders. Strengths: wide choice of programs and platforms. Weaknesses: no regulation, capped first payouts, $3,000 daily profit cap on funded accounts.
What is Goat Funded Trader?
Goat Funded Trader is a prop firm founded in 2023, registered in Hong Kong with operations based in the Canary Islands, Spain. It claims over 250,000 funded traders and more than $20 million paid out in profits since inception.
The defining feature of Goat Funded Trader is the diversity of its offering: 9 different programs are available, ranging from classic 1, 2, or 3-step challenges to Instant Funding programs with no evaluation, as well as Blitz (fast-track) and Pay Later (deferred payment) options. This allows every trader profile to find a suitable program.
Goat Funded Trader is not regulated by any financial authority. This is an important consideration compared to competitors like RaiseMyFunds which operates under FSCA licence (No. 50506).
Trading conditions in detail
| Parameter | Details |
|---|---|
| Regulation | Unregulated |
| Headquarters | Hong Kong (operations: Canary Islands, Spain) |
| Programs | 1-Step, 2-Step GOAT, 2-Step Standard, 2-Step PRO, 3-Step, Instant GOAT, Instant PRO, GOAT Blitz, Pay Later |
| Account sizes | $2,500 to $400,000 (scaling to $2,000,000) |
| Profit split | 80% (100% with add-on) |
| 2-Step GOAT targets | Phase 1: 8% / Phase 2: 6% |
| 1-Step target | 10% |
| Daily drawdown | 4% (1-Step and 2-Step GOAT) |
| Max drawdown | 10% (2-Step GOAT) / 6% trailing (1-Step) |
| Daily profit cap (funded) | $3,000 |
| First payouts | Capped at 6% of account or $10,000 |
| Platforms | MT5, TradeLocker, MatchTrader, cTrader, Volumetrica |
| Markets | Forex, indices, metals, commodities, stocks/ETFs, crypto |
| Leverage (evaluation) | 1:100 forex, 1:2 crypto |
| Leverage (funded) | 1:50 forex, 1:2 crypto |
| Payouts | Bi-weekly (on-demand add-on available), 2 business days |
| News trading | Allowed (1% cap per high-impact event) |
| EA / Robots | Allowed (no HFT/gold arbitrage) |
| Weekend holding | Allowed |
The 9 Goat Funded Trader programs
Goat Funded Trader stands out with the sheer number of programs available. Here is a summary of the main options.
2-Step GOAT (most popular)
The flagship program with an 8% target in phase 1 and 6% in phase 2. Daily drawdown is 4% and maximum drawdown is 10% (static). This is the most balanced program between accessibility and trading conditions.
1-Step
A single 10% target to reach. Daily drawdown is 4% but maximum drawdown is 6% trailing, making it more restrictive. Suited for traders who want quick access to funding.
Instant GOAT
No profit target to reach. The trader directly accesses a funded account. Daily drawdown is 3% and maximum drawdown is 6%. The entry price is higher than challenge programs.
GOAT Blitz
An accelerated program with simplified conditions for traders who want a fast track to a funded account.
Pay Later
A program allowing traders to start the challenge without paying upfront. Payment is only required if the trader passes the evaluation.
Pros and cons
- 9 different programs for all trader profiles
- 5 platforms available (MT5, TradeLocker, MatchTrader, cTrader, Volumetrica)
- Profit split up to 100% with checkout add-on
- Accounts from $2,500 to $400,000 with scaling to $2,000,000
- Weekend holding and EAs allowed
- Wide market coverage (forex, indices, crypto, stocks)
- Over 250,000 funded traders, established track record
- Not regulated by any financial authority
- $3,000 daily profit cap on funded accounts
- First two payouts capped at 6% of account or $10,000
- News trading capped at 1% per high-impact event
- Leverage halved on funded accounts (1:50 vs 1:100)
- Complexity of choosing between 9 different programs
Our scores by criteria
Who is Goat Funded Trader for?
Goat Funded Trader is primarily suited for traders who want flexibility in choosing their evaluation program. The diversity of 9 programs makes it possible to find a formula that fits, whether you are an aggressive trader (1-Step, Blitz), a conservative trader (2-Step Standard, 3-Step), or a trader who prefers immediate access (Instant GOAT, Instant PRO).
The wide choice of platforms (5 options) is also an asset for traders who have a strong technical preference or use tools specific to a particular platform.
However, Goat Funded Trader is not recommended for traders who prioritize maximum security through regulation, nor for those aiming for significant profits in the first months (due to the $3,000 daily profit cap and first payout limitations).
Goat Funded Trader vs the competition
| Criteria | Goat Funded Trader | RaiseMyFunds | FTMO |
|---|---|---|---|
| Regulation | Unregulated | FSCA (No. 50506) ✓ | Unregulated |
| Model | 9 programs | Instant Funding | 2-step challenge |
| Max account | $400,000 | $400,000 | $200,000 |
| Max profit split | 100% (add-on) | 85% | 90% |
| Daily profit cap | $3,000 | None | None |
| Platforms | 5 platforms | MT5 | MT5, cTrader |
Final verdict
A diverse offering held back by funded account limitations
Goat Funded Trader offers an unmatched choice of programs on the prop firm market, with 9 options and 5 platforms. The 100% profit split (via add-on) is attractive. However, the $3,000 daily profit cap, capped first two payouts, and lack of regulation are significant negatives. For traders who prioritize security and regulation, RaiseMyFunds (FSCA regulated, licence No. 50506) remains a more reliable alternative.
Visit Goat Funded Trader →Sources & Methodology
This review is based on real testing by our analyst team, official website consultation, terms and conditions analysis, regulatory status verification with relevant authorities, and user reviews from Trustpilot and specialized forums. Our complete methodology is detailed on our methodology page. Last verified: May 2026.