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Comparison · Forex

Long-term growth path: Goat Funded Trader vs Velotrade

Choosing between a veteran firm and a newcomer defines your trajectory as a trader. Goat Funded Trader (GFT), established in 2023, offers a complex ecosystem of multiple accounts and aggressive scaling. Velotrade, appearing in 2025, presents a more streamlined, boutique approach centered on a single platform and clear-cut risk limits.

Updated on

Day one

The entry experience differs significantly in variety and cost. Goat Funded Trader offers an extensive catalog including 1-Step, 2-Step, and Instant Funding accounts. A standard $100,000 2-Step "Goat" challenge costs $497. Traders have massive platform flexibility, choosing between MetaTrader 5, cTrader, MatchTrader, TradeLocker, or Volumetrica.

Velotrade focuses its entire operation on DXtrade. Their $100,000 2-Step "Classic" challenge is priced higher at $769. While GFT allows a wider range of entry points, Velotrade provides a more specialized environment. On your first day, GFT offers 100:1 leverage on forex evaluation, while Velotrade limits majors to 50:1. GFT prohibits VPNs, whereas Velotrade allows them as long as the verified owner is the one trading.

The first months

Once you move past the evaluation, the focus shifts to payout consistency and risk management.

  • Goat Funded Trader: Payouts are biweekly by default. If you purchased the "On Demand" add-on, you can withdraw earlier. You must respect a minimum holding time of 1 to 2 minutes for trades on funded accounts. Risk is managed via static drawdown on evaluation accounts (6% to 10% depending on the plan), but some "Instant" models use trailing drawdown.
  • Velotrade: The first payout arrives 14 days after the first funded trade, provided you meet the minimum profitable days (5 days with at least 0.8% profit). Afterward, payouts become weekly. They use a static drawdown (up to 10% on Classic 2-Step) which does not trail profits. A key factor here is their daily drawdown, which is recalculated at 00:30 UTC based on the higher of balance or equity.

The first year

For a trader looking to stay for a year, the difference in infrastructure becomes the deciding factor. Goat Funded Trader is designed for career progression, while Velotrade lacks a formal scaling plan.

Goat Funded Trader's scaling program is structured in levels:

  • Level 1 (2 months + 4 payouts): 15% capital boost, 90% profit split, and +1% to drawdown limits.
  • Level 2 (4 months + 6 payouts): 30% capital boost, 90% split, +2% to drawdown limits, and weekly payouts.
  • Level 3 (5 months + 10 payouts): 40% capital boost, 92% split, +3% drawdown limits, weekly payouts, and a monthly salary ($300-$500).
  • Level 4 (6 months + 15 payouts): 50% capital boost, 95% profit split, +4% drawdown limits, and a monthly salary.

Velotrade does not offer a scaling plan. To increase capital over the first year, you must manually purchase additional accounts until you reach their maximum allocation limit.

The ceiling

The absolute limit of your operation is defined by the allocation and merging rules.

  • Goat Funded Trader: The maximum allocation is $400,000. They allow merging eligible accounts, which makes managing large capital much simpler. The "ceiling" is dynamic because the scaling program can push the initial capital even further, and the profit split can reach a top tier of 95%.
  • Velotrade: The maximum allocation is strictly capped at $200,000. They do not allow merging accounts; every account under your profile is assessed and traded separately. The profit split is generally capped at 80%, although you can pay for a 90% split upgrade at the time of purchase.

Room to grow

Goat Funded Trader offers a professional runway. With the ability to merge accounts up to $400k, a scaling plan that adds a monthly salary, and increases in drawdown limits, it is built for traders who want to treat prop trading as a long-term job.

Velotrade is better suited for traders who prefer a modern, API-friendly environment (offering REST and WebSocket access) and who are comfortable with a hard cap of $200k. While it lacks the "career" features of GFT, its weekly payout frequency after the first withdrawal and static drawdown on funded accounts provide a stable, if limited, environment for growth.

Frequently asked questions

Which firm is more affordable for a $100,000 2-step challenge, Goat Funded Trader or Velotrade?

Goat Funded Trader is significantly more affordable for this specific size. Their $100,000 "2 Step Goat" account costs $497, whereas Velotrade's $100,000 "Classic 2-Step" is priced at $769. This represents a price difference of $272 in favor of Goat Funded Trader for the entry fee.

Between Goat Funded Trader and Velotrade, which one allows for higher total capital allocation?

Goat Funded Trader offers a higher ceiling with a maximum allocation of $400,000 per trader. Velotrade limits the total allocation to $200,000. Furthermore, Goat Funded Trader allows account merging and capital increases through its scaling plan, whereas Velotrade requires trading multiple separate accounts up to its lower limit.

Which firm offers more frequent payouts, Goat Funded Trader or Velotrade?

Velotrade offers more frequent payouts in the long run. After the first withdrawal (which takes 14 days), Velotrade allows for weekly payouts. Goat Funded Trader typically operates on a biweekly (every 14 days) schedule, although they offer an "Instant Daily" account and "On Demand" add-ons that can modify this frequency for an extra cost.

Can I use Expert Advisors (EAs) on both Goat Funded Trader and Velotrade?

Yes, both firms allow the use of EAs, but with different restrictions. Goat Funded Trader allows them generally but prohibits third-party EAs or "copying" other traders. Velotrade allows self-built or publicly available commercial EAs and even provides free API access (REST/WebSocket), but prohibits private or bespoke signal services and requires bridges for MT4/MT5 EAs since they only use the DXtrade platform.

Field by field

Goat Funded Trader and Velotrade, side by side

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

Head to head

63 differences

25%off · Exclusive
Headquarters

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

Hong Kong

Country

St. Lucia

Hong Kong

Foundation

2023

2025

Banned Countries
Russia, Cuba, Sudan, Somalia, Iran, Lebanon, Syria, North Korea, Libya, Vietnam
North Korea, Iran, Syria, Cuba, Crimea, Donetsk, Luhansk
CEO
No data

Gianluca Pizzituti

Assets
Forex, Indices, Commodities, Crypto
Crypto, Forex, Stocks, Indices, Commodities, ETFs
Brokers

Liquidity Providers

No data
Refund
Yes

Full refund after 4th payout

No

No standard fee refund after passing. The terms exclude refunds once the platform is accessed or the first trade is placed, except where required by law.

Platforms
MatchTrader, cTrader, TradeLocker, Volumetrica, MetaTrader5
DXtrade
Payout Methods
Transfer, Rise, Crypto
Crypto
Payment Methods
ApplePay, Korapay, Card, GooglePay, PayPal, Crypto, Skrill, IMPS
Card, Crypto
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.

First, after 14 calendar days from the first funded trade and completion of the required profitable days. Then weekly on request. Paid in USDC or USDT on Arbitrum; each payout is publicly verifiable on Arbiscan.

Payout Guarantee

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

Processing within 24 hours of approval. Trading is halted during the preceding review, which may take longer during busy periods.

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.

First and second withdrawals: capped at 20 times the challenge fee actually paid. The excess is forfeited. No cap from the third withdrawal. Full withdrawals only; the starting balance is restored afterwards without moving the drawdown floor.

Minimum Withdrawal

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

USD 100

Payout Fee
No data

Variable network fee, deducted from the withdrawal and shown when requesting it.

Demo Account
No data
DXtrade
ID-Password
Forex
  • Evaluation phases: 100:1
  • Funded phase: 50:1

Evaluation / funded: majors 50:1 / 30:1; minors 30:1 / 20:1; exotics 20:1 / 10:1.

Metals
  • Evaluation phases: 20:1
  • Funded phase: 10:1

Evaluation 6:1; funded 5:1.

Energies
  • Evaluation phases: 20:1
  • Funded phase: 10:1

Evaluation 6:1; funded 5:1.

Indices
  • Evaluation phases: 20:1
  • Funded phase: 10:1

Evaluation 6:1; funded 5:1.

Stocks
  • Evaluation phases: 5:1
  • Funded phase: 5:1

Evaluation 5:1; funded 3:1.

Crypto
  • Evaluation phases: 2:1
  • Funded phase: 2:1

Evaluation / funded: BTC 10:1 / 5:1; ETH and SOL 6:1 / 5:1; XRP, HYPE, DOGE, BNB, BCH, SUI, XAUT and ADA 3:1 / 2:1; remaining crypto 2:1 / 2:1.

ETFs
No data

Evaluation 6:1; funded 5:1.

Forex
5 / lot
0.004%
Metals
5 / lot
0.01%
Energies
0
0.01%
Indices
0
0.03%
Stocks
0
0.03%
Crypto
0
0.03%
Commission-Free Option
No
No
ETFs
No data
0.03%
Swap Free
No
No

Overnight funding is 0.05% of notional, the same for longs and shorts. Crypto, stocks, indices and commodities: 00:30 UTC, including weekends. Forex: 21:00 UTC, triple on Wednesday and no separate Saturday or Sunday charge.

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 resets or standard free retakes. A failed challenge requires a new purchase.

Add-ons
Yes
  • Payout On Demand (+15%)
  • 100% Profit Split (+20%)
  • Both add-ons (+30%)
Yes

Profit-share upgrade available at purchase. Variants and their prices are shown in the challenges.

Instant
Yes
No
One Step
Yes
Yes
Account scaling
Yes
No

No published scaling plan. Increasing capital requires additional accounts within the maximum allocation.

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.

Static against each phase's starting balance, including funded accounts. It does not trail profits or move with payouts. Balance and floor reset at the start of the second phase. Equity reaching or falling below the floor, including floating losses, closes the account.

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.
No data
Free Trial
No
No

Free read-only DXtrade guest access to view instruments and prices, without trading. Sprint offers challenge prizes, with award-specific profit splits and payout caps.

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.

Recalculated at 00:30 UTC from the higher of balance or equity at that moment. Floating profit can raise the reference; the resulting floor is monitored against real-time equity. Reaching or falling below it breaches the account.

Three Steps
Yes
No data
Max Allocation

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

200,000
Merge Accounts
Limited

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

No
Maximum Trading Days

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

No completion deadline; the inactivity rule still applies.

Minimum Trading Days

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

  • Instant Daily: none.

Five qualifying days, not necessarily consecutive, per evaluation phase. The count resets on funding and must be met again before the first payout, but not subsequent payouts.

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.
No data
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.

A qualifying day requires net realised profit of at least 0.8% of the starting balance. Days run from 00:30 to 00:30 UTC. Holding a position open does not add days.

Maximum Accounts
No data

One registered profile and verified identity. Multiple challenges and funded accounts may sit under that profile; each is assessed separately and results cannot offset one another.

Expert Advisor (EA)
Yes
Limited

Self-built or publicly available commercial EAs, bots and AI are allowed in evaluation and funded accounts. REST and WebSocket API included without fee or approval; no FIX or L2/L3 depth through the API. MT4/MT5 EAs need a bridge or adaptation. Private, exclusive or bespoke signals are prohibited.

VPN
No
Yes

VPNs, VPSs and IP changes are allowed. Only the verified owner may trade; access sharing remains prohibited.

Hedging
No
Limited

Only within the same account. Cross-account, cross-platform and cross-firm hedging is prohibited, including via copiers. First offence involving one trade: trades closed and a one-time warning per user; multiple trades or repetition: permanent closure.

Requires Stop Loss
No
No

Optional. A triggered Stop Loss exits at market and may slip. Stop Limit orders are disabled.

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.

Limited

Ordinary scalping is allowed; tick scalping, HFT and pricing or latency exploitation are prohibited.

Stacking / Layering (DCA)
Yes
No data
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.
Limited

No general numeric per-trade cap. Leverage, equity limits and the ban on abusive risk still apply. Single stocks have per-company and total exposure limits published on the platform, with possible short restrictions.

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.

Limited

Only between accounts owned by the same trader. Public signal services and commercial EAs are allowed without subscriber coordination. Copying other people's accounts, third-party management and private, exclusive or bespoke signals are prohibited.

News Trading
Limited

El beneficio máximo por cualquier operación que se abra o cierre dos minutos antes o después de un evento noticioso de alto impacto (según la designación de ForexFactory.com) está restringido al 1% del saldo de apertura de la cuenta.

Limited

Macro news trading is allowed. For single stocks, close from 24 hours before to 24 hours after earnings and ex-dividend events. Close before other corporate actions announced at least one day in advance; reopen when normal trading resumes.

Inactivity Rule

30 Days

Deactivated after 30 calendar days without valid activity, counted from assignment or the latest trade close. A trade held at least 60 seconds qualifies; open positions pause the timer and pending orders do not count. One support-requested reactivation is available within six months; afterwards it may be treated as a hard breach.

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.
No

No cap on a winning day's share of profit; qualifying-day requirements and prohibited strategies still apply.

Hold Weekend
Yes
Limited

Allowed, including forex. Single stocks may have size limits, weekend bans or mandatory out-of-hours closure by instrument. Equity limits and overnight costs continue to apply.

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

Martingale, grid, arbitrage, tick scalping, HFT, latency or error exploitation, private or bespoke signals, account sharing, insider information, coordinated risk elimination and account rolling. Abusive overleveraging, correlated overexposure and repeatedly adding to losing positions are also prohibited. Profits may be removed, payouts withheld or accounts closed.

Martingale
No data
No
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