Who Are GOAT Funded Traders?
GOAT Funded Trader, officially registered as Wishes Tower International SL, founded in May 2023. Based in the Canary Islands, Spain, the firm is led by CEO Edward. Goat Funded Trader offers traders a choice of four account types, along with three two-step evaluation programs and an instant funding option, all while partnering with ThinkMarkets as their broker.
GOAT Funded Trader is a proprietary trading firm (prop firm) that funds skilled traders with its capital. This means you can trade without risking your own money. Instead, the firm takes on the financial risk, and you earn a share of the profits generated from your trading.
Like most prop firms, GOAT Funded Trader has specific rules, fee structures, and payout mechanisms that traders must adhere to.
GOAT Funded Trader Prop Trading Payment and PayoutÂ
Payment methods refer to how traders pay for various services provided by the prop firm, including evaluation fees, account resets, and platform subscriptions (if any).
At GOAT Funded Trader, traders typically use secure online payment systems, which may include:
- Credit/Debit Cards: VISA, Mastercard, etc.
- PayPal: A popular method for online transactions.
- Bank Transfers: For direct deposits, though processing times may vary.
- Cryptocurrency: Many prop firms now accept Bitcoin, Ethereum, and other major cryptocurrencies.
These methods are designed to provide flexibility and cater to traders from various regions.
Payout Methods
Payout methods describe how a funded trader receives their share of the profits. Prop firms like GOAT Funded Trader emphasize seamless and transparent withdrawal processes. The payout systems include:
- Direct Bank Transfer: Funds are wired directly to the trader’s bank account.
- PayPal or Other Digital Wallets: Offers quicker processing and is ideal for international traders.
- Crypto Wallets: Payments in Bitcoin or Ethereum for those who prefer decentralized finance.
How the Payout System Works in GOAT Funded Trader
Goat Funded Trader is a proprietary trading firm that was founded on May 17th, 2023. They have a large community of traders who have reached funded status and successfully qualified for profit splits.
When you work with Goat Funded Trader and reach funded status through the Goat Challenge, No Time Limit Challenge, Swing Challenge, or Instant Funding, you can get your first payout on day one if you meet the 3% withdrawal target. Your profit split will range from 80% to 95%, depending on the profits you make on your funded account. If you choose to request your first payout on-demand, you’ll receive a 40% profit split. However, if you wait 30 calendar days, you can get an 80% profit split with the Goat Challenge, No Time Limit Challenge, and Swing Challenge. With Instant Funding, you’ll receive a 65% profit split after 30 days.
You can find payment proof for Goat Funded Trader on various websites. For example, on Trustpilot, traders share their experiences and explain how they received payouts. You can also find trader interviews and payout certificates from successful traders on their Discord channel.
Monthly or Bi-Weekly Withdrawals
Payouts may be processed on a monthly or bi-weekly basis. Traders must submit withdrawal requests within a specific timeframe.
Processing Time: GOAT Funded Trader processes crypto payouts faster, typically within 24–48 hours. Bank transfers may take 3–5 business days, depending on the trader’s location.
Why should you choose GOAT Funded Trader?
- Transparent Processes: GOAT Funded Trader emphasizes clarity in its payment and payout policies, ensuring traders understand the terms before starting.
- Variety of Payment Options: The firm accommodates global traders by supporting multiple payment and withdrawal methods.
- High Profit Splits: Keeping 80–90% of your trading profits is a significant incentive, allowing you to maximize earnings.
- Fast and Secure Payouts: With options like cryptocurrency and PayPal, traders enjoy swift and hassle-free withdrawals.
- Supportive Community: GOAT Funded Trader provides access to trading resources, mentorship, and a community of like-minded traders.
Key Takeaways
- GOAT Funded Trader offers payment methods designed for global accessibility, including credit cards, PayPal, bank transfers, and cryptocurrency.
- Payouts are fast and secure, with options like direct bank transfers and crypto wallets.
- Following trading rules, achieving profit targets, and adhering to drawdown limits are essential for successful withdrawals.
- Competitive profit splits and transparent policies make GOAT Funded Trader a preferred choice for many traders.
Understanding GOAT Funded Trader’s payment and payout methods is crucial to succeeding as a funded trader. With clear rules, diverse options, and a focus on trader satisfaction, it offers an excellent platform for traders looking to scale their careers.
What Makes Goat Funded Trader Different From Other Prop Firms?
Goat Funded Trader stands out from other prop firms because it offers four different account types, including three two-step evaluations and an instant funding option. They also provide many benefits, such as no time limits for trading, no minimum trading day requirements, a plan to increase your account size, the option to request your first payout anytime, and several additional features.
The Goat Challenge is a two-step evaluation where traders need to complete two phases to be eligible for payouts. In phase one, the profit target is 8%, and in phase two, it’s 6%. There are rules about the maximum daily loss (4%) and total loss (10%). During both phases, there are no minimum or maximum trading days. The Goat Challenge also has a special scaling plan that allows traders to manage larger accounts. What makes it unique compared to other funding programs is the unlimited trading period, no minimum trading day requirement, the scaling plan, and the option to request your first payout whenever you’re ready, along with other helpful features.
Frequently Asked Questions (FAQs)
- How do I receive my payout from GOAT Funded Trader? Payouts can be requested through your dashboard on the trading platform. Select your preferred payment method (bank transfer, PayPal, or cryptocurrency), enter your details, and confirm your request.
- Are there fees for withdrawals? Some withdrawal methods, such as bank transfers, may incur processing fees depending on your bank or intermediary institutions. Cryptocurrency payouts may also include minor blockchain transaction fees.
- What is the profit split structure in GOAT Funded Trader? GOAT Funded Trader typically offers competitive splits, such as 80/20 or even 90/10 in favor of the trader, depending on the account type and trader performance.
- What currencies are supported for payments and payouts? GOAT Funded Trader supports multiple currencies, including USD, EUR, and GBP. Cryptocurrency payouts are available in Bitcoin and Ethereum.
- What happens if I violate the trading rules? Violations, such as exceeding the drawdown limit, may result in the loss of your funded account. In such cases, you may need to restart the evaluation phase or pay for a reset.
