Are you a trader looking to prove your skills and get funded? The Goat Funded Trader One Phase Challenge might be exactly what you need. In this article, we'll dive deep into the specifics of this challenge, covering everything from the rules to the benefits of participating. Whether you're a seasoned trader or just starting, understanding these details is crucial for maximizing your success.

What is the One Phase Challenge?

The One Phase Challenge is a unique trading evaluation designed to test your trading abilities in a streamlined and efficient manner. Unlike other multi-phase challenges that can take weeks or even months to complete, this challenge focuses on a single, comprehensive phase. The goal is simple: reach the profit target without violating the drawdown rules, and you'll be on your way to becoming a funded trader.

Challenge Name and Pricing

Goat Funded Trader offers two types of One Phase Challenges: the Normal One Step Challenge and the Swap Free One Step Challenge. Both challenges come with varying account sizes to fit different trading needs and budgets.

• Normal One Step Challenge Pricing:

  • $15,000 account: $170
  • $25,000 account: $230
  • $50,000 account: $339
  • $100,000 account: $590

  • $200,000 account: $1,050

     

• Swap Free One Step Challenge Pricing:

  • $15,000 account: $195
  • $25,000 account: $265
  • $50,000 account: $390
  • $100,000 account: $675
  • $200,000 account: $1,200

The Swap Free option is particularly appealing for traders who wish to avoid swap fees on overnight positions, which is ideal for those following Shariah-compliant trading practices.

Drawdown Rules

Understanding the drawdown rules is essential to passing the One Phase Challenge. Goat Funded Trader implements a Balance-Based Drawdown system, which keeps the challenge both fair and challenging.

• Maximum Overall Drawdown:

   The maximum overall drawdown is set at 6% of your starting balance. For instance, if you begin with a $100,000 account, your account will violate the drawdown rule if your equity drops below $94,000. This rule remains consistent, even if your account balance increases due to profits.

   

  Daily Drawdown Rules: 

  The daily drawdown is capped at 4%. This is calculated based on your balance or equity at 5 PM EST each day. For example, if your daily starting balance is $100,000, your account must not fall below $96,000 during that day.

   

Trading Rules and Features

The Goat Funded Trader One Phase Challenge offers flexibility that many traders appreciate. The following features are allowed during the challenge:

• Copy Trading: You can use copy trading strategies, allowing you to mirror the trades of successful traders.
• EA (Expert Advisors):  Automated trading through EAs is permitted, giving you the opportunity to employ sophisticated trading algorithms.

• News Trading:  Trading during major news events is allowed, providing opportunities to capitalize on market volatility.

   

Profit Targets and Payout Period

The challenge has a clear profit target set at 10% of your initial balance. This target must be reached without breaching the drawdown limits.

• Payout Period: Once you achieve the profit target, you are eligible for payouts on demand. This means you can request a payout whenever it suits you, providing flexibility and control over your earnings.

   

Scaling Rules

One of the unique aspects of the Goat Funded Trader One Phase Challenge is the ability to scale your account. As you prove your consistency and profitability, your account size can be increased, giving you access to more capital and larger potential profits. This scaling option is particularly beneficial for traders looking to grow their trading operations over time.

Account Leverage Details

Leverage is a powerful tool in trading, and Goat Funded Trader provides various leverage ratios depending on the asset class:

• Forex: 1:30 leverage
• Metals and Commodities: 1:20 leverage
• Indices: 1:15 leverage
• Digital Currencies: 1:2 leverage

These leverage levels are designed to give you the necessary flexibility while maintaining risk management principles.

What Happens After Passing Phase One?

Once you successfully complete the One Phase Challenge, a series of steps follow to activate your live trading account:

• KYC Onboarding with Rise: After passing, you'll receive an email from Rise, Goat Funded Trader's partner for KYC verification. This step is crucial and involves submitting accurate and valid identification documents. The KYC process typically takes up to 2 business days.
• Invitation to Join the Rise Team: Upon successful KYC approval, you'll receive an invitation to join the Rise platform. Accepting this invitation is a quick process, and it officially transitions your account from simulated to live.

• Live Account Activation: After joining Rise, your trading account will be upgraded to a live account within 72 hours. You can then start trading with real funds, ready to capitalize on your skills.

   

Payout Process

Getting paid is straightforward with Goat Funded Trader. Here’s how it works:

• First Payout: You can request your first payout 30 days after your first trade. This allows you to build up your account and potentially withdraw a significant amount.
• Bi-Weekly Payouts: After your initial payout, you’ll be paid every 14 days. This consistent payout schedule ensures regular access to your trading profits.

• How to Request a Payout: Simply log into your dashboard and request a payout through the provided interface. It’s quick and user-friendly, so you can focus on trading rather than administrative tasks.

   

Duration of the Evaluation

The time it takes to complete the One Phase Challenge varies depending on your trading style and market conditions. However, there’s no rush—take your time to reach the profit target while adhering to the rules. Whether it takes weeks or a few months, the focus should always be on consistency and risk management.

Why Choose Goat Funded Trader?

Goat Funded Trader offers several advantages over other prop firms:

• Single Phase Evaluation: Unlike multi-phase challenges, you only need to pass one phase to start trading with real funds.
• Flexible Trading Rules: The allowance of copy trading, EAs, and news trading provides a wide range of strategies you can use to succeed.

• Scalable Accounts: As you grow as a trader, so does your account size, allowing you to maximize your potential earnings.

   

Common Pitfalls to Avoid

To successfully complete the One Phase Challenge, avoid these common mistakes:

• Overleveraging: Stick to the leverage guidelines to avoid unnecessary risks.
• Ignoring Drawdown Rules: Keep a close eye on your account’s drawdown to ensure compliance.

• Chasing Losses: Maintain discipline and avoid making impulsive trades after a loss.

   

Conclusion

The Goat Funded Trader One Phase Challenge is an excellent opportunity for traders to showcase their skills and get funded. With clear rules, flexible trading options, and the potential to scale your account, it offers a straightforward path to becoming a professional trader. If you're ready to take your trading to the next level, this challenge could be your gateway to success.