Rating breakdown
Things we didn't like:
Low Leverage with One-step ChallengeMaximum Daily Equity-based Drawdown
Initial Maximum Drawdown of 8% on No Time Limit Challenge
Why would you want an alternative to GOAT FUNDED TRADER?
You might consider looking for an alternative to Goat Funded Trader for several reasons. First, while the firm allows news trading, any profits made around major news events can be voided, which may be a disadvantage for traders who rely on volatility during such events. Additionally, Goat Funded Trader offers limited educational content, which could be a drawback for traders looking to enhance their skills or learn new strategies. The fees charged per lot on commodities and forex pairs also present an issue, as these costs can reduce overall profitability, especially for high-frequency traders.
Moreover, the firm offers relatively low leverage in the one-step challenge, which may not appeal to traders who prefer more aggressive trading strategies. The platform also imposes strict rules like equity-based maximum daily drawdown limits and an initial 8% maximum drawdown in the No Time Limit challenge. These restrictions could be viewed as overly limiting for traders who require more flexibility in managing their risk and trading positions. If these limitations are deal-breakers, exploring other proprietary trading firms with more favorable terms might be a better fit.
What other users do not like about Goat Funded Trader
Goat Funded Trader TrustPilot Customer Reviews, Feedback and Complaints
On Trustpilot, Goat Funded Trader has currently 1.6k number of reviews with a TrustScore (the overall measurement of reviewer satisfaction) of 4.10/5.00.
Main Complains according to the Users' Reviews
- Dashboard not updating
What to look for in a GOAT FUNDED TRADER Alternative?
When seeking an alternative to Goat Funded Trader, consider the following factors to ensure a better trading experience:
- Flexibility in News Trading: Look for firms that allow you to retain profits from news trading without restrictions or voids. This flexibility can be crucial for traders who capitalize on market volatility during major news events.
- Comprehensive Educational Resources: Choose a platform that offers substantial educational content, including training materials, webinars, and tutorials. This support can help you enhance your trading skills and stay updated with market trends.
- Transparent Fee Structure: Opt for an alternative with lower or no per-lot fees on commodities and forex pairs. This can prevent fees from eroding your profits and ensure that your trading costs remain manageable.
- Higher Leverage Options: Consider firms that provide higher leverage, especially if you are involved in high-risk, high-reward trading strategies. More leverage can offer greater trading opportunities and potential returns.
- More Generous Drawdown Limits: Look for alternatives with less restrictive drawdown limits. A more flexible drawdown policy can give you additional room to manage your risk effectively and maintain your trading positions.
- Better Initial Drawdown Conditions: Find a firm with more favorable initial maximum drawdown limits compared to the 8% drawdown imposed by Goat Funded Trader. This can provide a more accommodating environment for trading and risk management.
By focusing on these aspects, you can find a trading platform that better aligns with your needs and trading style, offering improved conditions and support for your trading journey.
Best GOAT FUNDED TRADER alternatives – Proprietary Trading Firms like (or better than) GOAT FUNDED TRADER
4.8 / 5Rating breakdown
Challenge Assessment4.5/5Support5.0/5Trading Fees5.0/5Payout Scheme4.5/5Things we liked:
Exclusive Discount Code (20% Off Exclusive Offer)
Minimal rules & unlimited time for completion
Two-part assessment leading to $200,000 in funding
Scaling plan & fast-track funding optThings we didn't like:
A Relatively New player in the funded account offering#1FunderPro Overview
Founded in Malta in late 2022 by a group of traders and investment managers, FunderPro was born out of the need to provide an opportunity for traders to be judged on their merit without pressure or unnecessary rules. FunderPro traders can trade in their own time, for as long as they want or need, there are no deadlines looming down nor petty restrictions to trip over.
Rating breakdown
Challenge Assessment4.6/5Support5.0/5Trading Fees4.3/5Payout Scheme4.3/5Things we liked:
Unlimited evaluation free retries (7% Off Exclusive Offer)
No restrictions on trading style
Overnight and weekend holding allowed
A large variety of trading instrumentsThings we didn't like:
Consistency rule for express accounts
No free trials available
Minimum 5 trading days#2FundedNext Overview
In 2022, Next Ventures launched a new platform: FundedNext was live. The prop firm quickly made a name for itself by its generous capital allowance: a staggering $4 million was on the table for FundedNext traders who get to keep 90% of any profits made.
Rating breakdown
Challenge Assessment4.0/5Support4.0/5Trading Fees4.5/5Payout Scheme4.0/5Things we liked:
Let you trade with leverage of up to 1:30Things we didn't like:
5%ers Challenge fee is on the higher end of the spectrum
There are other holes in the 5%er offer#3the5ers Overview
The 5%ers is a prop trading firm founded by Gil Ben Hur and Snir Chiel. Both former forex day traders, Gil and Snier, experienced first-hand the frustrations that lack of capital bring to experienced traders ready to play the markets. Hence, the 5%ers Funding Program was born: a platform to reward worthy traders with significant capital, with profits shared in a win-win outcome.
Goat Funded Trader Alternatives Frequently Asked Questions (FAQs):
Are there any sites like Goat Funded Trader?
Yes, there are many sites offering similar services to Goat Funded Trader. These include FunderPro, Lux Trading Firm, Apex Trader Funding and many more. If you are looking for an alternative to Goat Funded Trader, FunderPro is currently rank as the number one on the list of top Forex Prop Firms.Who are Goat Funded Trader Top Competitors?
Goat Funded Trader 's top competitors in October 2024 are: FunderPro, FundedNext, the5ers and more. FunderPro is currently rank as the number one on the list of top Forex Prop Firms.By trading with securities you are taking a high degree of risk. You can lose all of your invested money. You should start trading only if you are aware of this risk. All the opinions expressed on our site by individual author is solely their own and does necessarily represent or correspond to the views of the site’s management. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. This is a global website and isn't directed at residents of any particular country or intended for distribution to, or use by, any person in any country or jurisdiction where that distribution or use would be contrary to local law or regulation. Please consider the relevant laws and regulations in your country of residence
