Goat Funded Trader is a platform that offers traders the opportunity to work with simulated funded accounts. These accounts are provided after a trader successfully passes an evaluation process, allowing them to trade in a simulated environment that mirrors real market conditions. Importantly, Goat Funded Trader is not a broker; instead, it offers a risk-free environment where traders can develop their skills without putting actual capital at risk.

Understanding the Evaluation Process

Goat Funded Trader offers several evaluation plans to suit different trading styles and account sizes:

• 2 Steps No Time Limit: Accounts available in 5k, 8k, 15k, 25k, 50k, 100k, and 200k sizes.
• 2 Steps Swing Plus Evaluation: Available in 10k, 25k, 50k, and 100k accounts.
• 2 Steps Goat Evaluation: Offers 5k, 8k, 15k, 25k, 50k, 100k, and 150k accounts.

• 1 Step Evaluation: Available in 15k, 25k, 50k, 100k, and 200k account sizes.

   

Post-Evaluation Process

Upon passing the evaluation, traders receive credentials for a simulated funded account. This account allows

Trading Guidelines and Rules

Rules for Trading News Events

Traders are allowed to trade during news events, but there are strict guidelines:

• Profits earned within two minutes before and after a high-impact news event will be removed.
• Consistent violations may lead to account breaches.

High-impact news events are defined as those marked as "red folder news" on ForexFactory.

Weekend Cryptocurrency Trading

Goat Funded Trader permits cryptocurrency trading during weekends, providing traders with greater flexibility.

Holding Trades Over the Weekend

Traders are allowed to hold their positions over the weekend, enabling them to maintain their trading strategies without disruption.

Usage of Stop Loss and Take Profit

While it is recommended that traders use stop losses and take profits as part of their risk management strategy, Goat Funded Trader does not make this mandatory.

Account Management Rules

Minimum Trading Day Requirements

There are no minimum trading day requirements during the evaluation process, allowing traders to operate at their own pace.

Account Merging Policies

Account merging is subject to specific restrictions:

• Evaluation accounts or simulated funded accounts that have begun trading or exceed $400,000 cannot be merged.

• Accounts that have not yet traded and are below $400,000 may be merged.

   

Maximum Simulated Capital Allowed

The maximum amount of simulated capital a trader can hold is $800,000, with a limitation of $50,000 for traders from Pakistan.

Handling Violations and Consequences

Consequences of Rule Violations

If a trader violates any rules, the account will be suspended, and the trader will be ineligible for future payouts. The trader may purchase a new account at a discounted rate, but the breached account will no longer be accessible.

Overview of Prohibited Trading Practices

Prohibited practices include:

• Exploiting platform errors or latency.
• Using insider or non-public information.
• Front-running trades.
• Engaging in all-or-nothing trading strategies.

Violations will result in account termination and forfeiture of any fees paid.

Expert Advisors and Trading Strategies

Guidelines for Using Expert Advisors (EAs)

Expert Advisors are permitted, provided they adhere to Goat Funded Trader's prohibited trading practices. High-frequency trading strategies and Gold Arbitrage EAs are not allowed.

Restrictions on High-Frequency Trading (HFT) Strategies

High-frequency trading strategies are restricted due to the potential risks they pose to the trading environment. Goat Funded Trader's goal is to maintain a fair and sustainable trading ecosystem.

Discounts and Promotions

Goat Funded Trader's Discount Policy

Occasionally, Goat Funded Trader offers a 50% discount to new customers on their first purchase. This discount is intended only for new customers, and any attempt to exploit the discount through multiple accounts will result in a platform ban.

Leverage Reduction and Risk Management

Understanding the Leverage Reduction Policy

The Leverage Reduction Policy is designed to mitigate excessive risk-taking. Goat Funded Trader monitors trading activities and may reduce leverage if a trader exhibits risky trading behavior. Leverage can be restored after 60 days if the trader demonstrates better risk management.

Account Inactivity and Breach

Account Inactivity Calculations

An account that is inactive for 45 calendar days will be breached. Additionally, if a trader does not log into their account for 30 days, the account will be automatically deleted, leading to a hard breach.

Simulated Funded Accounts Explained

What Are Simulated Funded Accounts?

Simulated funded accounts are virtual accounts that replicate real market conditions. Traders use these accounts to practice and develop their trading strategies without risking real money. Profits in these accounts are based on performance in the simulated environment.

Instrument Trading Rules

Permitted Trading Instruments

Goat Funded Trader allows the trading of various instruments, including:

• FX pairs
• CFD indices
• Metals
• Commodities
• Equities

• Cryptocurrencies

   

Policy on Hedging

Hedging is prohibited within the same trading account, between accounts owned by the same trader, or between accounts owned by different traders. This policy is in place to ensure fair trading practices.

Account Access and Security

Account Trading and Security Policies

Only the account owner is authorized to trade the account. Sharing login details or permitting others to trade the account is strictly prohibited. Violations will lead to account breaches and a permanent ban from the platform.

Regional Restrictions

Countries Ineligible for Participation

Goat Funded Trader currently does not accept clients from the following countries:

• Russia
• Cuba
• Sudan
• Somalia
• Iran
• Lebanon
• Syria
• North Korea
• Libya

• Vietnam

   

Payouts and Withdrawals

Payout Timelines and Procedures

Traders are eligible for their first payout after three trading days from their first trade, provided they have achieved at least a 3% profit. Subsequent payouts can be requested on a monthly or bi-weekly basis.

Payout Request Frequency

After the first payout, traders may request payouts bi-weekly. The minimum profit required for the first payout is 3%.

Affiliate Program and Rewards

Structure of the Affiliate Program

Goat Funded Trader's affiliate program offers a tiered compensation structure based on the number of clients referred. Compensation rates increase with the number of clients, ranging from 5% to 10%.

Details of the GOAT Fidelity Program

The GOAT Fidelity Program rewards traders who have purchased multiple challenges with discounts and free challenges. For example, after purchasing nine challenges, traders are eligible for a free challenge as their 10th reward.

Conclusion

Trading with Goat Funded Trader offers a valuable opportunity to develop trading skills in a simulated environment. Adhering to the platform's rules and guidelines is essential for a successful and compliant trading experience. By following the rules outlined in this article, traders can maximize their chances of success and avoid potential pitfalls.