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Today I got some but not all answers to my question from goatfundingfx per telegram. This is what they said to me :
Goat Funding, [23.07.2022 02:33]
Hello, we’re so sorry but we’ve had problems with telegram today and we were away for the whole day, we did reply to your email really fast, but here we’ve really had lot’s of trouble. Many people got upset. We are very sorry.
Goat Funding, [23.07.2022 02:34]
[In reply to me]
Okay, we’ve checked it and it seems that there’s nothing wrong from our end. Couple of customers have paid through that PayPal today with 0 trouble. However we do have a backup PayPal account which we use.
Goat Funding, [23.07.2022 02:34]
[email protected]
Goat Funding, [23.07.2022 02:35]
You can send the funds directly to this email address and let us know the exact account that you were looking for, after payment verification you will be emailed by us on your email with the logins! Thanks! Sorry for inconvenience once again!
Goat Funding, [23.07.2022 02:41]
We promise to look after you for anything in the future because of this mistake and because you’ve waited this much. It really wasn’t our fault. Sorry again.
Me, [23.07.2022 10:06]
How long are you in business ? Any statistics ? How many or much payouts have you done so far ? It is at the moment difficult to me to have trust in your firm with the many problems you have. Last what is your broker or what do your spreads looks like ? How about commissions ?

Run, as fast as you can
You can smell the scam from a mile.

Looks to me also like scam. I even cannot see an office address on their website. They admitted also problems, that is not a good start. If I do not see payout proofs....

Yes, definitely many red flags. Thanks for sharing.

Now GoatFundingFX looks more credible than before. I got some more answers now in telegram. I am posting it here. There are brand new, so not to be too strict.

How long are you in business ? Any statistics ? How many or much payouts have you done so far ? It is at the moment difficult to me to have trust in your firm with the many problems you have. Last what is your broker or what do your spreads looks like ? How about commissions ?

Just over a month. Payouts in terms of cash, 70,000$. Were in good relationship with one of the famous brokers so we use it to deposit the funds there and fund traders it is the best possible choice that we’ve made.

Where is your office located ? I do not see any address on website ?

Switzerland.

Which broker please, so I can check spreads ?

ICM

IC Markets you mean ? With $7 commission per roundturnlot ?

Yes .

Do you have a financier in background, or where does the funding comes from please ?

Yes we do have 4 huge investors, older people that were willing to invest in this type of business, they weren’t related to something like this before.

Do you make payouts per paypal or bank wire or ?

PayPal, bank & crypto payouts.

Do you have any marketing plans so can grow faster ? Just good to know if you have plans to grow fast ?

Yes.

Where I can watch your marketing activities please ? Which channel or website or something else please ?

Instagram.com/goatfundingfx

Anywhere else because I am not an instagrammer, please ?

For now we will keep our business there.

How many persons are behind your firm as employees to deal with customers, just to know how much you can grow without problems ? I mean large props get hundreds of new accounts every day at least.

You can’t know this stuff. There’s a couple of people working as support and couple of them for the marketing purposes will work soon.

Ok, thanks for the info.

We do not have anymore time to answer any questions to you non account related we have to reply to other people as well that have significantly more important questions . You can get your account by paying through the backup PayPal account that we’ve sended out to you previously or cryptocurrency. More information can be brought to you in some time today.

Comment: The answers from my unexpected questions came within seconds, so I assume they are telling me the truth. I think I will give GFF a try but not now, because their offer is too good not to find out if they really payout. Also Autroproptrader(.com) is only 6 months in business now, I consider too a try but not so soon.
There just one thing that disturbs me at this moment, it is that overall Drawdown rule, which is based on equity too, so kind of trailing. Need to ask more about this.

4 "huge" investors.........they are "older people"

Sorry I gotta go now you're a non account person.......other people are significantly more important than you.

Just send your money to my personal, I mean back up PayPal account then we can chat some more.

Where do I sign up?

Another way to get some extra cash from trading here. https://www.financemagnates.com/fore...ers-in-the-uk/

Does anyone have experience with this?

https://fidelcrest.com/programs/prot...rading-program

numbers looks good

Here I am posting more from Telegram with GoatFundingFX. So you can make your own opinion on all the information I got from them.

Me, [23.07.2022 16:15]
When you have some time left, some more questions I have. 1.) Do you offer MT5 too or even better cTrader too because you offer ICM ? 2.) What kind of instruments can be traded, everything on ICM, which also includes 1700 stock cfds ? 3.) Is overnight trading allowed too, also over weekend ? 4.) If I reach profit target in 1 or 2 days then I can do microlot trades on the other minimum days to reach 5 days, or is this not allowed ? 5.) Your daily drawdown rule is based on balance or equity or both ? Thank you for your time.
Me, [23.07.2022 16:16]
6.) Is there a minimum day on funded account too ? 7.) Is the payout cycle bi-weekly or monthly ? 8.) Does your payout starts with 80% or what percentage and how and when does it increase ?
Me, [23.07.2022 16:21]
9.) Your overall 14% DD is that trailing, or how do you measure based on equity ? Does it can go above the initial balance ? Please make examples here because it is not clear to me what is meant here. Thanks.
Me, [23.07.2022 16:58]
10.) Do you have a kind of algorithm for copy trading or how do assure that trades are copied from you from live funded accounts of your traders then ? Just to be sure that all payouts are not from challenge fees only. Thank you for any further information here.
Me, [23.07.2022 17:01]
Copy trading is important on live accounts for you because the highest payout on biggest prop firm FTMO so far has been over $1 million in one month from one trader alone. So question is valid.
Goat Funding, [23.07.2022 17:07]
Hello, we will reply to all of your questions soon.
Me, [23.07.2022 17:07]
And the overall DD rule ? How is that meant ? Examples please ?
Goat Funding, [23.07.2022 17:42]
Yes, mt5 is available .
Everything on ICM.
Overnight trading is allowed.
Yes you can microlot trades.
It’s based in both.
Goat Funding, [23.07.2022 17:44]
10 minimum trading days on a funded account only before first payout, after theres no minimum trading days.
First payout is after 30 days, after which it becomes bi-weekly
They start with 80% and it’s increasing based on your profitability & consistency
Goat Funding, [23.07.2022 17:46]
It’s not your business on how we can pay our traders, that’s our thing, only thing you need to know is that you will get paid if you follow and respect all the rules.
Me, [23.07.2022 17:48]
I do not understand the overall DD rule, is that intraday trailing or EOD or what ?
Me, [23.07.2022 17:49]
That is very important to me. I need to understand that.
Goat Funding, [23.07.2022 17:50]
Simply, you can’t loose more than 14% of your account in total, or if you have lost let’s say 10% today and one of your live trades goes into 5% drawdown before it goes back to profit or breakeven it still counts as 15% DD and it will be violated.
Goat Funding, [23.07.2022 17:50]
So make sure to use 1-2% risk MAX and you wont be facing any problems.
Me, [23.07.2022 17:51]
Of course but I must know the limits, in case I get bad days. So on 100k challenge, when I am up 105k intraday and 103k end-of-day, where is max DD then ?
Me, [23.07.2022 17:52]
Can the max DD go over initial balance in case I am up 115k on funded account then ? It is then 101k the max DD allowed or ?
Me, [23.07.2022 17:54]
So when balance is 103k and equity was 105k intraday, the max DD is at 91k or 89k ?
Goat Funding, [23.07.2022 17:54]
Id youre up 15k and you loose more than 5k in a day on 100k account its more than 5% in a day and youre acc is violated
Goat Funding, [23.07.2022 17:54]
Man you cant loose that much in a day
Goat Funding, [23.07.2022 17:54]
If you get 100k account
Me, [23.07.2022 17:54]
I am not asking about the daily DD. Only the overall DD, because this rule is different from other prop firms.
Goat Funding, [23.07.2022 17:54]
[In reply to Goat Funding]
Balance cant go bellow 86k/
Goat Funding, [23.07.2022 17:55]
Period
Me, [23.07.2022 17:55]
But when I made some gains say 10% on a funded account. Where is max overall DD, for the following days, in case I get bad days ?
Me, [23.07.2022 17:56]
Does it increase to 96k in your example ?
Goat Funding, [23.07.2022 17:56]
It does not
Me, [23.07.2022 17:57]
And when you say also based on equity, it can be intraday od end-of-day. That is kind of trailing definition. I do not know what is meant here.
Me, [23.07.2022 17:57]
So why do you say overall DD is based on equity too ?
What does it means ?
Me, [23.07.2022 17:58]
Other prop firms say overall DD is based on initial balance only. So you say the same but written it is different on website, why ?
Goat Funding, [23.07.2022 17:59]
We gave you a example
Me, [23.07.2022 17:59]
You have a different formula on website, than what you say, could you make examples please ?
Goat Funding, [23.07.2022 17:59]
If youre account is down 10%
Goat Funding, [23.07.2022 17:59]
And you have live trade that goes -5% in loss before going back up
Goat Funding, [23.07.2022 17:59]
It still violates the rules
Me, [23.07.2022 17:59]
I know but what are about floating gains, when I am in profit ?
Goat Funding, [23.07.2022 18:00]
Its not the same thing
Me, [23.07.2022 18:00]
and how it is then calculated ?
Goat Funding, [23.07.2022 18:00]
Look/
Me, [23.07.2022 18:01]
Drawdown % = [1 - (lowest equity or balance for the day) / (starting equity or balance for the day) ] X 100
Goat Funding, [23.07.2022 18:01]
If you have 100k account.
Your balance cant go bellow 86k.
And it cant go bellow 95k in a day
Me, [23.07.2022 18:01]
Could you explain that little bit ? I do not get it.
Goat Funding, [23.07.2022 18:01]
Simple as that
Me, [23.07.2022 18:02]
When I made 5k profits already, does it change or not ?
Goat Funding, [23.07.2022 18:02]
No
Me, [23.07.2022 18:02]
Ok, I understand, then it is only based on initial balance.
Me, [23.07.2022 18:03]
It is not that clear on website, because the terminology is much different from other prop firms.
Goat Funding, [23.07.2022 18:03]
Thanks for that we might make some changes soon then.
Me, [23.07.2022 18:03]
Ok, thank you. That's it for me now.
Goat Funding, [23.07.2022 18:05]
Just so you know, we’re currently running a promotion this weekend buy 1 get 1 free. So any account that you get you get 1 free. Just so you’re informed cayse you’ve told us you’re not instagrammer
It lasts until the end of the weekend. If you decide to go with us let us know!

To summarize: English isn't my first language. I don't use google translate but more importantly, we're having a BOGO sale. Hurry it ends soon!!

-Thanks for sharing. Personally, I feel like those responses do not help their case. Hopefully, any traders that give this firm any serious consideration would be wise to use a payment gateway that has a charge-back option. Appreciate your efforts with this, nonetheless.

I also do not expect that autoprop will turn out to be legit. As much as I would hope that it would be, the offer is just too good. They have an investor option that is supposedly forthcoming, which has me curious. But, it could all be part of the scam.

I believe that it is important to remain objective, to do our due diligence and to not let all of the shiny offerings blind us from using common sense. At the same time, it is also better to not dismiss things as illegitimate too early on just because an offer looks too good to be true. FTMO was like that for me, initially, but they have shown that their models are sustainable, thus far.

Not all of these firms started out in a professional way, with an obvious team behind them, either. I remember when E8 started, the founder, Dylan, was posting about his personal life here as a struggling trader before starting the firm. It is difficult for me to take a firm seriously in such cases. But E8 has shown that they are credible, thus far.

Not to say that these brand new firms are legit. In fact, they likely are not legit. But, to definitively say that at this point might be premature. So, better to wait and see; continue to gather information and reassess. Just my opinion.

-When I looked at their offering, I think it was something like flipping an account 4 times before getting funded. I could be wrong, but although the numbers look good on the surface, it may not be so easy to acquire.

Two things are bit strange to me. No other prop firm is allowing their traders to trade all shares, in that case 1700 different stocks on IC Markets. Second, their overall DD rule looks like a hidden rule. But then he told me that it is just based on initial balance. Just in case when there is a conflict. It counts what is written, on website and in terms and conditions and not what is bespoken on telegram. So I have some doubts here, that is not 100% honest and a kind of hidden rule, meaning trailing DD. Also the selling pressure at the end, that I need to hurry to get the best offer is just a marketing trick. It does not look them good, if they are just after the fees. He also said nothing about copy trading and a kind of required algorithm there. So it could be they are just relying on failed challenges to collect enough fees (PONZI). Not good.

-Thanks for sharing. More information is a good thing. I still think that it is better to wait things out.

Yes, I would admit that. I am changing my mind again. I would not take this offer right now. If I see they grow and have bigger payouts, maybe. But he was also that pissed off and harsh in his words when I asked some uncomfortable questions for him about the overall max. Drawdown, that I can get only the conclusion that is meant to be a kind of hidden rule as a surprise to let the traders fail, when they come up with a different expected interpretation of that. It does not make sense to me why they cannot just write the overall max. DD is just based on initial balance, as he said to me in telegram. On website it looks totally different. This is just confusion.

-Maybe they will revise it, as stated, per your suggestion. By the way, Milica Boskovic is a female name, likely Serbian and definitely not Swiss.

Just to inform you. I got the double confirmation that really all symbols can be traded on those IC Markets accounts. You can explicitly trade all 1700 stock cfds on those challenges. This is the only prop firm which has that kind of offer. No one allows you that. And you can also hold the stocks for overnight and over the weekend. Hm...

-I would not consider this as a good thing.

I was looking at their new offer. Looks very good I think. Aggresive option give much larger drawdown limits. Also if you fail you can get another chance if you choose that option. That is good. No other prop firm give you another chance for free if you fail.

Yes, I thought the same. But there are immigrants in Switzerland of course. So many go to that tax heaven country with their lump sum tax rates and overall low taxes.

I think it is bivalent. On one side I think the same. I think how would they handle that ? But on the other side, if they can provide this, that makes them a (USP) unique selling point. No other prop firm is offering that. And the only prop firms offering equities only offer equities and nothing else. Here you get that much leverage too.