The Goat Funded Trader Two Phase Challenge is an exciting opportunity for traders to showcase their skills and potentially secure funding for their trading endeavors. Understanding the details and rules of this challenge is crucial for participants to navigate it successfully and maximize their chances of success.

What is the Goat Funded Trader Two Phase Challenge?

The Goat Funded Trader Two Phase Challenge is a structured trading evaluation designed to test a trader's ability to manage risk and achieve specific profit targets. This challenge is divided into two phases, each with its own set of objectives. Traders who pass both phases can earn a funded account to trade with real money, making it an attractive option for aspiring traders.

Different Types of Challenges Offered

Goat Funded Trader offers several variations of the Two Phase Challenge, each catering to different trading styles and preferences. Here's a detailed look at the various challenges available:

Normal Two Step Challenge (Goat)

• Pricing and Account Sizes:
  • $8,000 account: $54
  • $15,000 account: $94
  • $25,000 account: $144
  • $50,000 account: $238
  • $100,000 account: $398
• Drawdown Type: Balance-Based Drawdown
• Profit Targets: 8% for Phase 1, 6% for Phase 2
• Payout Period: On Demand

• Allowed Trading Strategies: EA Allowed, News Trading Allowed, Copy Trading Allowed

   

Normal Two Step Challenge (No Time Limit)

• Pricing and Account Sizes:
  • $5,000 account: $53
  • $8,000 account: $89
  • $15,000 account: $158
  • $25,000 account: $210
  • $50,000 account: $309
  • $100,000 account: $541
  • $200,000 account: $975
• Drawdown Type: Balance-Based Drawdown
• Profit Targets: 8% for Phase 1, 5% for Phase 2
• Payout Period: On Demand

• Allowed Trading Strategies: EA Allowed, News Trading Allowed, Copy Trading Allowed

   

Normal Two Step Challenge (Classic)

• Pricing and Account Sizes:
  • $5,000 account: $45
  • $8,000 account: $80
  • $15,000 account: $145
  • $25,000 account: $185
  • $50,000 account: $295
  • $100,000 account: $515
  • $200,000 account: $985
• Drawdown Type: Balance-Based Drawdown
• Profit Targets: 7% for Phase 1, 5% for Phase 2
• Payout Period: On Demand

• Allowed Trading Strategies: EA Allowed, News Trading Allowed, Copy Trading Allowed

   

Swap Free Two Step Challenge (Goat and Classic)

For traders who prefer swap-free accounts, Goat Funded Trader offers swap-free versions of the Goat and Classic challenges:

• Pricing and Account Sizes (Goat):
  • $8,000 account: $62
  • $15,000 account: $108
  • $25,000 account: $166
  • $50,000 account: $274

  • $100,000 account: $458

     

• Pricing and Account Sizes (Classic):
  • $5,000 account: $45
  • $8,000 account: $80
  • $15,000 account: $145
  • $25,000 account: $185
  • $50,000 account: $295
  • $100,000 account: $515

  • $200,000 account: $985

     

• Drawdown Type: Balance-Based Drawdown
• Profit Targets: 8% for Phase 1, 6% for Phase 2 (Goat); 7% for Phase 1, 5% for Phase 2 (Classic)
• Payout Period: On Demand

• Allowed Trading Strategies: EA Allowed, News Trading Allowed, Copy Trading Allowed

   

Two Phase Evaluation Process

The Two Phase Challenge is designed to evaluate a trader's consistency and ability to manage risk. Here's how each phase works:

Phase 1: Profit Targets and Rules

In the first phase, traders must achieve the specified profit target while adhering to the drawdown limits. The profit target varies depending on the type of challenge:

• Goat Challenges: 8% profit target
• Classic Challenges: 7% profit target
• No Time Limit Challenges: 8% profit target

Once the profit target is achieved, traders move on to the second phase.

Phase 2: Profit Targets and Rules

The second phase has a lower profit target, reflecting the increased difficulty of maintaining consistency over time:

• Goat Challenges: 6% profit target
• Classic Challenges: 5% profit target
• No Time Limit Challenges: 5% profit target

Successful completion of Phase 2 allows traders to move on to the next steps toward obtaining a funded account.

Drawdown Rules Explained

Understanding drawdown rules is critical to avoiding violations during the challenge. Goat Funded Trader enforces two main types of drawdown limits:

Overall Drawdown

• Goat and No Time Limit Evaluations: 10% maximum overall drawdown
• Classic Evaluation: 8% maximum overall drawdown
• Swing Plus Evaluation: 12% maximum overall drawdown

The overall drawdown is calculated from the starting balance and remains constant throughout the evaluation process.

Daily Drawdown

• No Time Limit Evaluations: 5% daily drawdown
• Classic Evaluations: 3% daily drawdown
• Goat and Swing Plus Evaluations: 4% daily drawdown

The daily drawdown is based on the higher of either the balance or equity at 5 PM EST each day.

Trading Strategies Allowed

Goat Funded Trader allows a variety of trading strategies, offering flexibility to traders with different approaches:

• Expert Advisors (EA): Automated trading strategies are allowed.
• News Trading: Trading around significant news events is permitted.

• Copy Trading: Traders can copy the trades of others, though it's important to manage risk accordingly.

   

What Happens When You Pass Each Phase?

Phase 1: Next Steps and Phase 2 Credentials

After passing Phase 1, traders will receive Phase 2 credentials via email within 24 business hours. These credentials are also accessible through the trader's dashboard.

Phase 2: KYC Process, Account Activation, and Live Trading

Upon passing Phase 2, traders undergo a KYC (Know Your Customer) onboarding process with Rise, the platform partnered with Goat Funded Trader for account verification. Once the KYC process is completed and approved, the trader's account is upgraded to a live account, ready for real trading.

Account Leverage Rules

Goat Funded Trader offers different leverage options depending on the asset class:

• Forex: Up to 1:50 leverage
• Metals and Commodities: Up to 1:20 leverage
• Indices: Up to 1:15 leverage
• Digital Currencies: Up to 1:2 leverage

These leverage rules apply across all evaluations, including Classic, No Time Limit, Goat, and Swing Plus.

Payouts from Simulated Funded Accounts

Traders who successfully pass both phases and receive a funded account are eligible for payouts under the following conditions:

• First Payout: Eligible after 3 trading days from the first trade, provided the trader is up at least 3%.

• Subsequent Payouts: Paid on a monthly basis (every 30 days), with an option for bi-weekly payouts if selected during the challenge purchase.

   

How Long Does It Take to Complete the Evaluation?

The time it takes to complete the evaluation depends on the trader's performance. Since there is no strict time limit, traders can take as long as necessary to reach the profit targets and pass each phase.

Scaling Rules

Goat Funded Trader offers scaling opportunities for traders who perform consistently. The details of the scaling rules depend on the type of challenge but generally involve increasing the account size based on the trader's profitability over time.

Conclusion

The Goat Funded Trader Two Phase Challenge provides a structured and flexible path for traders to prove their skills and earn a funded account. By understanding the challenge details, rules, and strategies allowed, traders can navigate the evaluation process with confidence and increase their chances of success.