1. The Two-Phase Evaluation Process
Most prop firms, including Goat Funded Trader, employ a two-phase evaluation process. This process is designed to test a trader’s ability to manage risk while reaching specific profit targets. Here’s what traders typically face:
- Phase 1: Profit and Risk Management Test The first phase usually lasts for 30 days, during which traders must reach a set profit target, often between 8-10% of the account balance, while staying within firm-imposed risk parameters like daily loss limits and overall drawdown thresholds. Goat Funded Trader sets a clear profit target with transparent risk rules that prevent traders from taking on excessive risk.
- Phase 2: Verification In the second phase, traders must demonstrate consistency by reaching a smaller profit target (around 5%) over 60 days. This ensures the trader isn’t relying on luck, but is capable of maintaining discipline and risk management. Goat Funded Trader allows flexibility to accommodate different trading styles, from scalping to swing trading.
2. Realistic Profit Targets and Risk Management Rules
One of the key aspects of any evaluation model is the balance between profit targets and risk management rules. Many firms set unrealistic profit targets or overly restrictive drawdown limits, making it difficult for traders to pass. Goat Funded Trader provides a balanced approach:
- Realistic Profit Targets: Goat Funded Trader offers achievable profit targets for different trading strategies. Whether you’re a day trader or a swing trader, the targets test your consistency without forcing unnecessary risk.
- Risk Parameters: Goat Funded Trader’s daily and overall drawdown limits encourage responsible trading. For instance, our overall drawdown is set at a reasonable percentage of the total account balance, allowing traders to take calculated risks without fear of immediate disqualification.
For a deeper dive into why many traders fail evaluations due to poor risk management, read our article on why traders fail prop firm challenges.
3. Refundable Fees and Flexible Account Sizes
One of the most frustrating aspects of some prop firms is the fee structure. Goat Funded Trader takes a trader-first approach:
- Refundable Evaluation Fees: At Goat Funded Trader, your evaluation fee is refunded once you pass the evaluation and begin trading with real capital. If you succeed, the cost of evaluation essentially disappears, allowing you to focus on trading.
- Flexible Account Sizes: We offer multiple account sizes, allowing traders with different capital requirements to choose the best fit. Whether you're looking to trade with a $25,000 or $100,000 account, Goat Funded Trader has options suited to your needs.
4. Scaling Opportunities for Successful Traders
One of the standout features of Goat Funded Trader is the scaling plan. Unlike many firms that limit how much capital traders can access, Goat Funded Trader rewards successful traders by increasing their capital as they prove consistency.
- How Scaling Works: After passing the evaluation and consistently hitting profit targets, traders can qualify for a larger account. This allows traders to grow their account size without risking their own money.
- Minimal Restrictions: Unlike other firms that heavily restrict scaled accounts, Goat Funded Trader offers flexible terms, making it easier for traders to increase profits. Learn more about our scaling plan.
How Goat Funded Trader Excels in Evaluation Models
While many prop firms offer similar evaluation models, Goat Funded Trader excels in several key areas that make it the best choice for aspiring traders:
- Trader-Centric Approach: Goat Funded Trader’s evaluation model is designed with the trader in mind. From realistic profit targets to flexible drawdown limits, our goal is to help you succeed, not trap you with unrealistic expectations.
- Support for Multiple Strategies: Whether you're a scalper, day trader, or swing trader, our evaluation model accommodates your trading style, giving you flexibility to trade in a way that suits you best.
- Transparency: We believe in full transparency. Our risk management rules, profit targets, and fee structures are clearly laid out, so you know what’s expected. No hidden fees, no surprises.
- Refundable Fees: Evaluation fees are refundable upon passing the challenge, rewarding your success rather than penalizing you with unnecessary costs.
- Comprehensive Scaling Plan: Goat Funded Trader offers one of the best scaling programs in the industry, allowing you to grow your account over time and maximize profits.
