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Comparison · Forex

Goat Funded Trader & PipFarm at a glance

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The short answer

Goat Funded Trader is the "standard" choice for those seeking a multi-platform experience with simple static drawdown rules. PipFarm is a more specialized firm for disciplined traders who want to pay significantly less upfront via their "Pay With Profits" model and climb a rank-based loyalty system.

Where they actually differ

  • Price and Model (Determinant): PipFarm offers a unique "Pay With Profits" (PWP) model where you pay a tiny upfront fee (e.g., $99 for a $100k account) and the rest is deducted from your first payouts. Goat uses a traditional model, but its entry-level accounts are incredibly cheap (the $5k 2-step is only $17).
  • Platforms (Tech): Goat provides massive variety, including MetaTrader 5, MatchTrader, cTrader, and TradeLocker. PipFarm is strictly limited to cTrader.
  • Payout Rules (Payouts): PipFarm imposes a hard cap of $5,000 per withdrawal and initial percentage caps (3-6%). Goat has no hard dollar cap but limits the first two requests to 6% of the balance. Goat also offers a $500 reward if a payout takes longer than 2 business days.
  • Risk and Ranking (Risk): PipFarm uses an "Experience Program" where your profit split, drawdown, and commissions improve as you rank up (from 70% to 99% split). Goat uses more traditional scaling and levels, with profit splits reaching 95% at Level 4.
  • Trading Styles (Styles): Goat bans scalping (trades must last >2 minutes) and restricts news trading profit to 1% of the balance. PipFarm allows news trading and scalping but strictly bans third-party EAs purchased from marketplaces.

Where they are basically the same

  • Risk Rules: Both firms offer options for either Static or Trailing drawdown depending on the chosen program.
  • Platforms: Both include cTrader in their offering.
  • Styles: Both allow EAs (with provenance restrictions at PipFarm) and weekend holding.
  • Payouts: Both support Crypto and Rise as withdrawal methods.
  • Assets: Both offer Forex, Indices, Commodities, and Crypto.

Pick this one if

Goat Funded Trader:

  • You must use MetaTrader 5 or mobile-friendly platforms like TradeLocker.
  • You want the fastest entry into the market with a $17 evaluation.
  • You are worried about payout delays and want a financial guarantee.

PipFarm:

  • You are a cTrader power user.
  • You prefer a "low risk, low upfront cost" model like Pay With Profits.
  • You plan to stay with one firm long-term to reach the 99% profit split rank.

Frequently asked questions

Which firm is cheaper for a $100k challenge, Goat Funded Trader or PipFarm?

For a standard 2-step evaluation, Goat Funded Trader costs $478 (Goat model) or $628 (Standard model). PipFarm is significantly cheaper upfront if using the "Pay With Profits" model at $99, or $320 for their "Standard Consistency" 1-stage challenge.

Who has more restrictive news trading rules, Goat Funded Trader or PipFarm?

Goat Funded Trader is more restrictive, as any profit generated within 2 minutes of high-impact news is capped at 1% of the account balance. PipFarm allows news trading without specific profit caps or time restrictions.

Does Goat Funded Trader or PipFarm offer more trading platforms?

Goat Funded Trader offers a much wider selection, including MetaTrader 5, MatchTrader, cTrader, TradeLocker, and Volumetrica. PipFarm is a single-platform firm, offering only cTrader.

Which firm has better payout conditions, Goat Funded Trader or PipFarm?

Goat Funded Trader offers a $500 guarantee if your payout takes more than 2 business days and has no hard dollar limit on withdrawals. PipFarm has a manual review process that can take up to 7 days total and imposes a $5,000 hard cap per payout.

Field by field

Goat Funded Trader and PipFarm, side by side

Rules, plans, platforms, leverage, commissions and payouts of both, with the option to see only what differs.

Head to head

56 differences

Headquarters

The Sotheby Building, Ground Floor, Rodney Village, Rodney Bay, Gros-Islet, SW18 1TA, St. Lucia

Singapore

Country

St. Lucia

Singapore

Foundation

2023

2024

Banned Countries
Russia, Cuba, Sudan, Somalia, Iran, Lebanon, Syria, North Korea, Libya, Vietnam
Afghanistan, Central African Republic, Republic of Congo, Crimea, Democratic Republic of the Congo, Iran, Libya, North Korea, Somalia, South Sudan, Sudan, Syria, United States, Yemen
CEO
No data

James Glyde

Assets
Forex, Indices, Commodities, Crypto
Forex, Commodities, Indices, Crypto
Brokers

Liquidity Providers

No data
Refund
Yes

Full refund after 4th payout

Yes

Not the classic free refund. It is the paid "Challenge Fee Refund" add-on (+10% of price).

  • On passing the challenge, the fee is credited as profit balance on the funded account
  • Not a refund to the card
  • Available across all modes
Platforms
MatchTrader, cTrader, TradeLocker, Volumetrica, MetaTrader5
cTrader
Payout Methods
Transfer, Rise, Crypto
Crypto, Rise
Payment Methods
ApplePay, Korapay, Card, GooglePay, PayPal, Crypto, Skrill, IMPS
Card, Crypto, PayPal, Skrill
Payout Frequency
  • Biweekly
  • Evaluation accounts can be purchased with an add-on to get the first payout On Demand with 40% profit split
  • Standard Instant Funding have 'Triple payday' rewards, allowing traders to withdraw profits every 10 days.
  • Instant Premium: every 10 days
  • Instant HERO: every 14 days
  • Instant Daily: first request 24 hours after purchase, then daily.

One Step Light

  • Weekly payouts by default

Instant accounts

  • Payouts every 7 calendar days

First Payout on Demand (add-on +10%)

  • Request the first payout as soon as all eligibility requirements are met
  • The selected payout interval applies after the first payout

Frequency (default and with add-on)

  • Monthly: every 30 days (standard)
  • Bi-weekly: every 14 days (add-on from +15%)
  • Weekly: every 7 days (add-on from +30%)
  • On Demand: no waiting interval between eligible payouts (add-on +50%)

Personal limit

  • Only one payout every 7 days per trader, even across multiple accounts, except where an applicable on-demand benefit overrides the interval
Payout Guarantee

If the payout takes longer than promised (2 business days), the trader automatically receives an extra $500 reward, guarantee.

  • Manual review within 2 business days
  • Sent within 2 business days after approval
  • Total: paid within 7 days of request
Alternative Currency
No data
EUR, GBP
Crypto Weekend Trading
Yes
Yes
Maximum Withdrawal

Other models: for the first two requests, up to 6% of the initial balance. Instant Daily: up to 3% of the initial balance per request.

Accounts purchased from 1 November 2026

  • First payout cap: 3% of balance
  • The cap rises by 1 percentage point with every payout, with no maximum
  • No $5,000 hard cap

Accounts purchased from 27 August to 31 October 2026

  • Same cap on every account type: Classic, Consistency, Endurance, Instant, One Step Light and Pay with Profits
  • First payout cap: 3% of balance, rising by 1 percentage point with every payout, up to 6%
  • Hard cap: $5,000 per payout, even if the percentage allows more

Classic, Consistency and Endurance purchased before 27 August 2026

  • 6%, 8% and 10% on the first three payouts, then 12% from the fourth
  • Hard cap: $5,000 per payout

The caps apply to gross profit, before the profit split. Profit above the cap stays in the account for the next payout.

Minimum Withdrawal

Other models: $100. Instant Daily: 1% of the initial balance per request.

Minimum by mode (% of balance)

  • One Step Light: 1%
  • Instant: 1%
  • Consistency: 1%
  • Endurance: 2%
  • Classic: 3%

Minimum by method

  • Rise / Skrill / USDT: $50
Payout Fee
No data

Rise

  • Payouts under $500: $25
  • Payouts of $500 or more: free

USDT / USDC

  • $2.50 per payout

Skrill

  • Subject to Skrill exchange rates
Demo Account
No data
cTrader
ID-PasswordP@55W0RD!ServercTrader (solo para ver condiciones, no operable)
Forex
  • Evaluation phases: 100:1
  • Funded phase: 50:1

Standard

  • Up to $5M exposure: 1:30
  • $5M to $10M: 1:15
  • Over $10M: 1:10

With Extra Leverage add-on

  • Up to $5M exposure: 1:50
  • $5M to $10M: 1:20
  • Over $10M: 1:10
Metals
  • Evaluation phases: 20:1
  • Funded phase: 10:1
  • Up to $250K exposure: 1:20
  • $250K to $500K: 1:10
  • Over $500K: 1:5
Energies
  • Evaluation phases: 20:1
  • Funded phase: 10:1
  • Up to $100K exposure: 1:20 (1:25 with add-on)
  • Over $100K: 1:5
Indices
  • Evaluation phases: 20:1
  • Funded phase: 10:1
  • Up to $500K exposure: 1:20 (1:25 with add-on)
  • $500K to $1M: 1:10
  • Over $1M: 1:5
Stocks
  • Evaluation phases: 5:1
  • Funded phase: 5:1
No data
Crypto
  • Evaluation phases: 2:1
  • Funded phase: 2:1
  • Up to $100K exposure: 1:2 (1:3 with add-on)
  • Over $100K: 1:1
Forex
5 / lot
0
Metals
5 / lot
0
Energies
0
0 / lot
Indices
0
0 / lot
Stocks
0
No data
Crypto
0
0 / lot
Commission-Free Option
No
Limited

Indices, crypto and energies are commission-free at all ranks. Forex and metals start at $6/lot and drop to $0 at Rank 6.

Swap Free
No
Yes

Paid add-on (10% of challenge price).

  • Replaces swaps with a fixed daily admin fee
  • 3-day grace period before the first charge
  • Must be selected at checkout (cannot be added later)
Account Reset

If you don’t complete a challenge, you can restart it at any time with a 12% discount. You’ll also get a single-use coupon that gives you 10% off any program.

Reset: buy a Reset to continue from the phase where you breached instead of starting over — it issues a new account at that phase (Funded reset gives a new Funded account, no re-evaluation). Available any time, or within 14 days of a breach. Each phase can be reset once. Price is a % of the original Challenge: Phase 1 −7%; Phase 2 +45–50%; Phase 3 +80%; Funded +50–175% (Instant: −7%).

No data
Add-ons
Yes
  • Payout On Demand (+15%)
  • 100% Profit Split (+20%)
  • Both add-ons (+30%)
Yes

Instant accounts from 19 August 2026

  • Extra Max Risk: +1%, raising the limit from 1% to 2% (20% of base price)
  • Extra Max Loss: +1% to the selected drawdown type (20% of base price)
  • Extra Profit Share: +10 percentage points (20% of base price)

Standard challenges: benefits and rules

  • Extra Profit Share: +10 percentage points across all ranks (20% of base price)
  • Extra Max Loss: +1% to max loss (20% of base price)
  • Extra Daily Loss: +1% to daily limit (10% of base price)
  • Skip Minimum Trading Days: removes the minimum-day requirement (10% of base price)

Standard challenges: time and money

  • Swap-Free: replaces swaps with fixed administration fees (10% of base price)
  • Challenge Fee Refund: credits the paid challenge fee as funded-account profit after passing (10% of base price)
  • Extended Time Limit: 180 days (+5%) or 360 days (+10%)

Standard challenges: payouts

  • First Payout on Demand: removes the wait for the first eligible payout (10% of base price)
  • Bi-weekly payouts: 14-day interval (from 15% of base price)
  • Weekly payouts: 7-day interval (from 30% of base price)
  • On Demand payouts: removes the waiting interval for every eligible payout (50% of base price)

Bundle discount

  • Buying three or more qualifying add-ons applies a 20% discount to every qualifying add-on
  • Extended Time Limit and payout interval add-ons (Bi-weekly, Weekly and On Demand) are excluded and do not count towards the three
  • The bundle discount can be combined with a promotion code applied to the base account
Instant
Yes
Yes
One Step
Yes
Yes
Account scaling
Yes
Yes

Simple Scaling (all funded accounts since 9 April 2026).

  • Level up after 4 payouts or upon reaching the 12% scaling target
  • Scaling increment by rank: 10% to 40% of initial balance
  • Instant accounts do not scale
Two Steps
Yes
Yes
Max Drawdown
  • 1-Step, 2-Step: Static
  • Instant Funding: Trailing
  • Instant Premium: EOD high-watermark; not recalculated intraday or downward
  • Instant Daily: intraday trailing on peak balance/equity. Locks at the initial balance when reached or at the first payout, whichever comes first; never resets. Withdrawing down to the initial balance breaches the account.

Instant accounts from 19 August 2026

  • Equity Trailing: 6% at Rank 1, 7% from Rank 2
  • EOD Trailing: 5% at Rank 1, 6% from Rank 2
  • Payout Trailing: 4% at Rank 1, 5% from Rank 2

One Step Light

  • Challenge: 4% End-of-Day trailing Max Loss on $5K to $50K; 3% on $100K and $150K
  • Simulated Funded Account: 4% End-of-Day trailing Max Loss on every size
  • Based on the End-of-Day high-water mark
  • Experience Program rank benefits do not increase it

Standard 1-stage trailing

  • 8% Balance Trailing Max Loss
  • Rank 2+: 9%

Standard 1-stage static

  • 6% Static Max Loss
  • Rank 2+: 7%

Standard 2-stage static

  • Classic: 9% (10% from Rank 2)
  • Endurance: 8% (9% from Rank 2)
  • Consistency: 8% (9% from Rank 2)

Add-on

  • Extra Max Loss: +1% to the selected max loss type
Profit Split

Profit split varies by product; see challenges. Add-ons may offer a higher split.

  • Instant Daily: base split in the catalogue; 70% on payouts 3 and 4, 80% from payout 5.

By rank (Experience Program)

  • Rank 0: 70%
  • Rank 1: 75%
  • Rank 2: 80%
  • Rank 3: 85%
  • Rank 4: 90%
  • Rank 5: 95%
  • Rank 6: 99%

Extras

  • Extra Profit Share add-on: +10% across all ranks
  • Loyalty program: up to 109% total
Free Trial
No
No
Daily Drawdown

Most models: highest balance or equity recorded at end of day (EOD high-watermark).

  • Instant HERO: daily starting balance at 5 PM EST.
  • Instant Daily: none.

One Step Light

  • No Daily Loss limit

Other Standard challenges

  • 3%, calculated from the previous End-of-Day reference using the higher of balance or equity
  • Rank 4+: 4%
  • Extra Daily Loss add-on: +1 percentage point
Three Steps
Yes
No
Max Allocation

$400,000 on every country except Pakistan, where the maximum is $50,000

Funded accounts (from challenges)

  • Up to 5 accounts
  • Max $300,000 combined

Instant accounts

  • Up to 3 accounts
  • Max $300,000 combined

Challenges

  • No limit

Capital earned through scaling is exempt from these limits.

Merge Accounts
Limited

Merging available on eligible accounts. Instant Daily cannot merge with any account.

Yes

Allowed to merge two funded accounts, provided all of these conditions are met.

  • Same mode (Classic with Classic, Endurance with Endurance, Consistency with Consistency)
  • Same currency
  • Identical add-ons
  • No open positions
  • Instant accounts cannot be merged
Maximum Trading Days

Other models: unlimited. Instant Daily: account closes automatically after 30 days.

Accounts from 9 April 2026 (per stage)

  • 90 days (standard)
  • 180 days (add-on +5%)
  • 360 days (add-on +10%)

Earlier accounts

  • 365 days per stage
Minimum Trading Days

Instant HERO: 6 non-consecutive valid trading days before payout, with at least 0.5% profit each.

  • Instant Daily: none.

One Step Light

  • No minimum trading days during the challenge; it can be passed in one trading day

Classic

  • 3 trading days per stage (a day = at least one close)
  • Removable with the Skip Minimum Trading Days add-on

Endurance / Consistency

  • No minimum days: each uses its own sustainability standard
Points Reward Program

The GOAT Points Program rewards traders for both purchases and trading activities:

  • You earn 1 point for every $1 spent and can gain additional points by completing trading tasks.
  • Points are credited instantly and can be tracked in your Trader Dashboard. You can redeem them for valuable perks such as free accounts, extra leverage, increased drawdown, and account size boosts.
  • There's no limit to how many points you can earn, and all GFT traders are automatically enrolled.

Experience Program: earn XP through milestones and climb ranks (0 to 6).

  • Pass challenges, receive payouts, scale accounts, complete quests
  • Rank raises profit split, lowers commissions, grants more drawdown and leverage
  • Consistency Mode earns double XP on most milestones
Monthly Competition
No
No data
Minimum Profitable Days
  • 3 days with 0.5% profit on all phases of evaluation accounts
  • 5 days with 0.5% profit on Instant Funding accounts other than Instant Daily
  • Instant Premium: 5 days with 0.5% profit (not necessarily consecutive)
  • Instant Daily: no minimum profitable days.

One Step Light

  • No Profitable Days requirement during the challenge
  • 4 Profitable Days are required for each payout
  • Each Profitable Day requires the End-of-Day balance to increase by at least 0.25% of the initial balance compared with the previous End-of-Day reference

Endurance

  • One-stage: 4 Profitable Days
  • Two-stage: 3 Profitable Days per stage
  • The applicable requirement must also be completed for each payout
  • Each Profitable Day requires the End-of-Day balance to increase by at least 0.5% of the initial balance compared with the previous End-of-Day reference

Instant accounts from 19 August 2026

  • 5 Winning Days before a payout
  • Winning Day = close with ≥0.5% from the start-of-day balance and above the initial account balance

Earlier Instant accounts

  • 5 Winning Days before a payout
  • Winning Day = close with ≥0.25% and above the initial account balance
Expert Advisor (EA)
Yes
Yes

Allowed on all accounts, with your own strategy.

  • cTrader Automate (cBots), plugins, Open API
  • Trade copiers between your own accounts (TradersConnect, Duplikium, Heron, Tradesyncer)
  • Forbidden: bots purchased from marketplaces (MQL5, cBot market)
  • Forbidden: HFT and latency scalping
VPN
No
No
Hedging
No
Yes

Allowed

  • Same instrument within one account
  • Correlated instruments within one account

Forbidden (toxic trading)

  • Same instrument across two or more accounts
  • Correlated instruments across accounts
  • Hedging with another PipFarm user
Requires Stop Loss
No
No
Scalping
Yes

Funded accounts only: minimum holding time of 1 minute for purchases from 6 October 2026 at 00:00 UTC; 2 minutes for earlier purchases, including their resets. Funded accounts follow the original challenge purchase date. Profits from shorter trades are excluded from payouts; losses still count. This is not an account breach. Evaluation accounts are exempt.

Yes
Stacking / Layering (DCA)
Yes
Yes
Maximum Risk Limit
Yes
  • Instant HERO: 1% maximum floating loss; breach closes the account.
  • The firm may impose a 1% risk-per-trade-idea limit after excessive risk-taking.
  • Instant Daily: combined floating loss across all open positions must stay below 1% of the initial balance; touching the limit closes the account.
Yes

One Step Light

  • Challenge Max Risk: 2%
  • Simulated Funded Max Risk: 2%
  • Absolute at both stages: reaching the limit closes open positions and breaches the account immediately
  • No strikes, escalation or Pip Protector

Standard Simulated Funded Accounts

  • Max Risk: 2%
  • Pip Protector closes open positions and records a Strike when the limit is reached
  • Strike 1 halves the limit; Strike 2 halves it again and permanently reduces the profit share by 50%; Strike 3 breaches the account
  • Pip Protector does not apply during the challenge stages

Instant accounts from 19 August 2026

  • Max Risk: 1% of starting balance
  • Extra Max Risk add-on: raises it to 2%

Earlier Instant accounts

  • Keep the Max Risk limit assigned when purchased
Copy Trading
Limited

Allowed between your own GFT accounts only through Goat Copier, GFT's own trade copier: funded to funded, challenge to challenge, and challenge to funded in either direction. Applies to existing and new accounts. Any other trade copier or third-party tool is prohibited, as is copying other traders, or copying between GFT and personal broker accounts or accounts at another prop firm.

Yes
  • Between your own accounts: allowed (even to/from external brokers or prop firms)
  • Copying another trader: forbidden
  • Following signals or external services: forbidden
News Trading
Limited

Trades opened or closed (manually or by stop loss, take profit or pending orders) within 5 minutes before or after a high-impact news release (red folder on ForexFactory.com or Myfxbook.com) have a maximum profit per trade: 3% of the initial balance on accounts purchased from 10 November 2026, and 1% on accounts purchased earlier. Funded accounts and resets follow the original challenge purchase date. Applies to challenge and funded accounts; only profit above the cap is removed and it is not a breach.

Yes
Inactivity Rule

30 Days

  • You must close at least one trade every 28 days
  • Trade size and duration are irrelevant
  • Email warning 3 days before the deadline
Consistency Rule
Limited
  • Instant Goat: A single day cannot represent more than 15% of your total earnings when requesting a withdrawal.
  • Instant Premium: no consistency rule.
  • Instant HERO: no single day can represent 15% or more of total profits during a payout period.
  • Instant Daily: no daily profit consistency requirement. For payouts, the largest winning trade must be at least the largest losing trade, net of commission/swap; checked since purchase or the last payout. Partial closes count separately.
Yes

One Step Light

  • Challenge: no Consistency Score requirement
  • Simulated Funded Account: Consistency Score ≤40% to qualify for each payout

Consistency Mode: new checkout

  • Consistency Score ≤40% across all formats
  • Required to pass the challenge and qualify for payouts

Instant accounts from 19 August 2026

  • Equity Trailing: ≤30%
  • EOD Trailing: ≤25%
  • Payout Trailing: ≤20%

Earlier Instant accounts

  • Consistency Score ≤25%

Classic / Endurance Simulated Funded Accounts

  • Consistency Score ≤50% to qualify for payouts
  • Does not apply during challenge stages
Hold Weekend
Yes
Yes
Prohibited Strategies
  • All or nothing
  • Exploit broker/platform errors
  • Use insider/non-public info
  • Front-run other trades
  • Excessively risky strategies
  • Hedging across accounts
  • Third-party EAs/strategies
  • Switch strategies post-assessment
  • Martingale/grid strategies banned
  • High-frequency trading (HFT)
  • Latency tick scalping
  • Copying another trader or following signals
  • Group trading / coordinated orders
  • Account passing services (third parties trading for you)
  • Cross-account hedging (same or correlated instruments)
  • Account churning (buying many challenges to force a random pass)
  • Artificial trades to manipulate rules without genuine intent
Martingale
No data
Yes
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