Goat Funded Trader might be the new scam in the prop trading space.
Edoardo Dalla Torre is the mastermind of this suspected scam which has received numerous complaints from consumers.
Many complaints even allege that Edoardo spends a lot on fake reviews to bury actual criticism. This post will help you determine if you can trust Goat Funded Trader or not.
Edoardo Dalla Torre, often known by his social media handle “Edward XL” is the entrepreneurial force behind Goat Funded Trader (GFT), a rising proprietary trading firm. With a unique background, bold global expansion, and a flair for both growth and technology, his journey from aspiring athlete to prop-firm CEO highlights not only ambition but a keen sense for evolving market needs.
A Determined Pivot: From Basketball to Trading
Born and raised in a small Italian town, Dalla Torre showed early promise in basketball. By age 14, he had moved to the US on a sports opportunity, only to return at 18 due to financial hurdles an experience that reshaped his goals. Back in Italy, he found a new passion in financial markets and poured himself into trading, determined to turn his setbacks into success.
Founding Goat Funded Trader
Drawing on his newfound expertise, Edoardo partnered with a colleague to launch Goat Funded Trader in Spain in 2022. Their ambition? To build a prop firm that truly catered to traders: offering fair fee structures, high-profit splits, and a modern trading experience. The firm’s early success included securing over $1 million in funding capital and forging a reputation through social media and community engagement.
Expansion to Hong Kong & Over $7 Million in Payouts
In late 2024 into early 2025, GFT embarked on a major geographical shift, transitioning operations from Spain to Hong Kong. Edoardo later confirmed the migration was 99 % complete, attributing temporary payout delays to enhanced security and fund transfer logistics. Despite this, the firm maintained payouts throughout and crossed a combined $7 million threshold—a noteworthy milestone for a young firm.
Technology-Driven Trading: TradeLocker & Multi-Platform Support
True to his innovative outlook, Edoardo steered GFT toward developing its tech stack. In mid-2024, the firm introduced TradeLocker and MatchTrader, moving away from reliance on MetaTrader platforms due to performance and licensing issues. By April 2025, GFT had even licensed MT5 directly and launched its brokerage, offering a fresh approach to platform flexibility, including TradingView integrations.
Account Models & Payout Mechanics
GFT offers multiple funding pathways—from the quick “Instant/GOAT” model to standard two- or three-step challenges, accommodating account sizes from $5K to $200K. Profit targets typically range from 6–10%, with profit splits starting at 65–80% and rising to 95–100% for high-performance traders. Their “72‑hour payout guarantee” plus a bonus for delays highlights a transparent and trader-centric system.
Community, Rewards & Engagement
Edoardo preaches community building and engagement. In early 2025, he launched a gamified rewards system, offering points for positive actions, such as sharing wins or tagging GFT, and saw a 25 % revenue boost in just one month. His LinkedIn post emphasized the importance of scalable risk systems to support growth safely.
Benefits That Resonate
Under Edoardo’s leadership, GFT has stood out in several ways:
- Global presence, with Spain HQ and Hong Kong operations.
- Trader-first policies, including flexible payouts and profit splits up to 100 %.
- Multi-platform support, now including MT5, TradeLocker, and TradingView-enabled MatchTrader.
- Transparent rules, wide range of account sizes, and structured growth plans.
- Engaged community, backed by a rewards system and active social outreach.
Challenges and Considerations
Despite its strengths, GFT is relatively new (established 2022), meaning long-term resilience is still being tested. Some users reported delays on larger payouts during the migration period, indicating room for improvement in handling spikes in withdrawal volume. Platform transitions, while innovative, require careful management to avoid disruptions—something GFT appears aware of as it continuously adapts and upgrades.
What’s Next for Edoardo & GFT?
Looking ahead, GFT plans to roll out further enhancements: upgraded dashboards, new funding styles like “Instant Goat”, and refined risk-management features. Edoardo’s vision goes beyond being another prop firm—he’s aiming to build a holistic ecosystem that blends advanced infrastructure, community engagement, and global accessibility.
Edoardo Dalla Torre’s transformation from a young Italian athlete to a trend-setting prop-firm founder underscores his resilience and vision. Goat Funded Trader reflects his values—rapid growth, transparent payout systems, diverse platform choices, and a strong community core. Though still in its early stages, GFT’s $7 million payout milestone and agile platform strategy suggest a bright future. For traders seeking an adaptive, trader-centric prop experience, GFT under Edoardo’s guidance presents a compelling case worth watching.
Complaints Against Edoardo Dalla Torre and His Firm, Goat Funded Trader
#1. This con firm is a complete and utter bust. That Mt5 of theirs is terrible. Something else is going on with the price fluctuation. This does not correspond to the actual movement of the price. A complete and utter manipulation.
#2. Scammers are these individuals. I was able to pass a challenge, and my trade had been open for more than twelve or possibly even more hours. I hit the transfer price when a news came in. The news wasn’t even in the red folder, but they said that I had traded news. I asked them to reset the phase, and they said that I would pass it again. They said that they were scammers and that you should not purchase challenges from them. They typically show a lower price to attract people, and then they deny payouts and accounts.
#3. I have high hopes that anyone who reads this will reconsider their decision to work with this company.
During the time that I was checking to see if I had finally pushed the Take profit button, I saw that my account had been disabled. Additionally, I received an email stating that I had breached my account. My question is, how did this happen?
I was unable to access my trade history on MT5 due to the fact that my account was deactivated. I was particularly interested in viewing it. Because I am a swing trader, my stop loss was extremely high, and the trades had already given results of 1:2RR and 1:3RR, there is no possibility that the spread game could have been played here. Therefore, we cannot conclude that the spread caused me to lose money.
I tried to access my trading history by heading to my trading dashboard; however, I was unable to see the two trades in which I was making a significant profit; there appears to be something suspicious going on.
In no uncertain terms, I do not suggest this company!
#4. It would be great if there was a system that allowed for criticism… Although they had not yet begun working with this company, they had already advertised that all 5k accounts cost only $17. The price, on the other hand, is different when you place an order for either their GOAT instant account or their 5k instant account. I went back and forth with a number of different people in the customer care department, only to receive an email from their support workers that circled the two step programmes that I had already acknowledged. They got extremely aggressive in their emails, and it became abundantly evident that the corporation had no intention of honouring the advertising for any reason. Given that a corporation is dishonest with their marketing, it is difficult to have faith that they will be honest with their payouts.
#5. I was able to pass after purchasing an account with them. In the email that they sent me to congratulate me, they requested that I give them seventy-two hours to verify the information. It has been 114 hours, and there has been no account provided. I must write to their support they continue to request further hours. If you are unable to verify my activities within ninety-two hours. How are they going to fulfil their commitment to pay out every 48 hours?
Red Flags in Edoardo Dalla Torre’s Goat Funded Trader Prop Firm
Goat Funded Trader (GFT), launched by Edoardo Dalla Torre, has gained considerable attention in the proprietary trading world for its innovative features, crypto-friendly structure, fast payouts, and community-focused approach. With promises of up to 100% profit splits and a variety of funding models, the firm presents itself as a modern alternative to traditional prop firms. However, despite the hype, several red flags have surfaced, ranging from operational inconsistencies to platform instability, that raise legitimate concerns about transparency, reliability, and long-term sustainability. Below is a breakdown of the most notable red flags traders should consider before committing to GFT.
1. Recent Operational Migration and Payout Delays
One of the major concerns arose during GFT’s transition from Spain to Hong Kong in early 2025. During this move, the firm experienced significant payout delays, leaving traders waiting for weeks to receive earned profits. While the firm claimed the delay was due to “banking migration” and promised a 72-hour payout window, numerous traders reported waiting far longer with little communication. For a firm that promotes daily or rapid payouts as a core value, this inconsistency undermines trader trust and suggests logistical instability during operational changes.
2. Unregulated Structure and Limited Legal Oversight
GFT operates in a largely unregulated environment. While many prop firms are not directly regulated as brokers, the lack of third-party auditing, financial oversight, or membership in self-regulatory organizations means traders have no legal safety net. If disputes arise—such as payment conflicts or disqualification debates—users must rely on the firm’s internal processes. This absence of accountability presents a risk, especially in a space where trust and transparency are paramount.
3. Platform Instability and Frequent Changes
Another red flag is GFT’s frequent transition between trading platforms. Initially relying on TradeLocker, the firm later added MatchTrader and reintroduced MetaTrader 5 (MT5) after licensing it independently. While flexibility can be beneficial, the constant switching raises concerns about backend stability and execution reliability. Traders require consistent platform performance for strategic planning. Multiple transitions in under two years hint at unresolved technical or legal hurdles behind the scenes, potentially affecting trade accuracy and record-keeping.
4. Payout Marketing vs. Reality
GFT heavily markets its “zero payout denials” and “72-hour guaranteed withdrawals.” While this has created buzz, user feedback reveals a different picture. Some traders report rejected payouts based on ambiguous rule violations, while others say they were disqualified from funding due to unclear infractions. The reality that even a small percentage of withdrawals are delayed or denied stands in stark contrast to the aggressive marketing claims. Over-promising and under-delivering, particularly with payouts, is a common red flag in high-risk financial operations.
5. Rule Ambiguity and Policy Gaps
While GFT positions itself as a trader-friendly firm with minimal restrictions, its rulebook has had gaps in enforcement clarity. For instance, traders have mentioned unclear definitions around maximum drawdowns, account resets, and holding trades over the weekend. Some challenge rules appear to be enforced inconsistently—allowing certain users leniency while disqualifying others under the same criteria. The absence of transparent, fixed rules across the board raises concerns about fairness and internal consistency.
6. Lack of Verified Performance Statistics
Despite boasting over $7 million in payouts, GFT has not published verified data to support its claims. There is no third-party proof of payouts, no independent audit of success rates, and no transparency in the proportion of traders funded versus those failing. While the firm frequently highlights top earners and influencer endorsements, this kind of cherry-picked marketing avoids disclosing the broader performance reality—which is crucial for trader expectations and risk assessment.
7. Community Incentives vs. Sustainable Trading Models
Edoardo has promoted a gamified trader rewards system that grants points and perks for social engagement—such as sharing profits on Instagram or tagging GFT online. While this fosters community buzz, it also incentivizes marketing over trading discipline. Critics argue that the focus on social visibility distracts from building consistent, well-trained traders. A prop firm should prioritize skill development, not just visibility and affiliate-driven growth.
8. Rapid Scaling and Risk Exposure
GFT offers aggressive scaling opportunities, allowing traders to grow accounts quickly and earn up to 100% of profits. However, such fast scaling with minimal controls raises the risk of overleveraged accounts and unmanaged losses. Without transparent insight into how the firm hedges trader risk or what risk-management protocols are in place, questions remain about long-term sustainability—especially in volatile markets like crypto futures.
9. Dependency on Crypto Infrastructure
While GFT markets its crypto-native design as a strength, it also brings unique vulnerabilities. Crypto markets are prone to regulatory disruption, network fees, exchange outages, and sudden platform delistings. Since GFT’s operations and payouts are largely USDT-based, any significant crypto market turbulence could delay payments, trigger service outages, or introduce slippage in order execution. Traders relying on fiat withdrawals or stable earnings may find this structure risky and unpredictable.
10. Founder-Centric Branding and Influence
Edoardo Dalla Torre plays a highly visible role in GFT’s branding—using his own persona, story, and social channels to promote the firm. While charismatic leadership can inspire trust, it also means that the company’s identity is closely tied to one individual. If Edoardo ever steps away, the firm could struggle with continuity or credibility. Founder-centric businesses often lack internal checks and balances, and their success or failure hinges on a single person’s presence and decisions.
Conclusion
Goat Funded Trader has introduced several creative features to the prop trading space, but under Edoardo Dalla Torre’s leadership, it also exhibits some red flags that traders must consider seriously. Delayed payouts, platform volatility, unverified metrics, and a lack of legal oversight all signal potential risks hidden behind a polished brand.
While GFT may indeed provide a useful launchpad for some traders, its operational instability, lack of transparency, and inconsistent rule enforcement make it a risky choice for those seeking long-term, professional trading careers. Traders should approach with caution, conduct thorough due diligence, and consider starting small—only scaling up after verifying consistent performance, support, and policy reliability over time.
