Pay Later

PAY LATER MODEL

This is a 1-phase evaluation challenge with a $5 entry fee. Once you pass the evaluation, you pay the remaining activation fee to unlock your live funded account. No second phase required.

Values by phase: Step 1 (Evaluation) / Step 2 (Funded)

ObjectiveStep 1 (Evaluation)Step 2 (Funded)
Profit Target4%
3% for accounts purchased from 5th September, 2026.		None
Daily DrawdownNone3%
Max Total Loss8% (Trailing)6% (Trailing)
Min. Profitable DaysNone3 Days (per payout)
5 Days (per payout) for accounts purchased from 5th September, 2026.
Max Loss Per Trade-2%
Consistency RuleNo20%
30% for accounts purchased from 5th September, 2026.

Note: the Max Total Loss gets tighter once you are funded.
During the evaluation your trailing Max Total Loss is 8%; on the funded account it is 6%. This is intentional and unique to Pay Later (every other model keeps or loosens its limit after funding). Plan your funded-stage risk around the 6% figure from your first funded trade.

How much does it cost to join?

The initial cost is only $5, which covers server and infrastructure expenses.

You will only be required to pay the full challenge fee after passing the evaluation, just before receiving your funded account

How much will I pay after passing?

Is there a time limit to pay the activation fee?

Yes! Once the activation link has been sent, you have 30 days to complete your payment. If the activation fee is not paid within this period, your Pay Later account will automatically expire.

NOTE: Once the account expires, the payment deadline cannot be extended and a new payment link cannot be requested for the same Pay Later account.

Can I Pay The Remaining Amount Using My Profits?

No, profits generated during the evaluation phase cannot be used to cover the remaining challenge fee. Once you successfully pass the evaluation, the outstanding balance must be paid in full before your funded account can be issued.

Step 1 (Evaluation)

To pass Step 1, you must:

After passing Step 1, your entire evaluation is reviewed. If successful, you become a Funded GOAT Trader (Simulated Funded Account).

Step 2 (Funded)

What Is A Minimum Profitable Day?

Account Violations (Hard Breach)

1. Maximum Drawdown (Both Phase 1 And Funded)

The Maximum Drawdown is trailing and is a trailing drawdown set at (8% phase 1 / 6% funded phase) of the equity value. This means that your maximum loss limit adjusts based on your account’s performance. If your equity increases, your maximum drawdown limit also moves up. However, it does not decrease if your equity drops, ensuring a dynamic but protective risk management system..

How Does It Work?

Worked example
If you start with a $100,000 account:
Initial maximum drawdown level: $92,000 during the evaluation (8%) and $94,000 on the funded account (6%)
If your account equity increases with profits, the trailing drawdown also moves up until it reaches the initial account balance of $100,000, once it does it then becomes locked.

2. Daily Drawdown Limit 3% (Funded Phase Only)

How is it calculated?

Worked example
Account Balance$105,000
Account Equity$107,000 (Higher)
Threshold($100,000 × 3%) = $3,000
$107,000 - $3000$104,000
Your balance/equity must stay above $104,000 for that day.

Understanding the Maximum Loss Per Trade Rule

Worked example
For a $50,000 account:
2% of the account balance$1,000
If the floating loss on a trade reaches -$1,000 (-2%), the account will be immediately closed.

What is the consistency rule?

Rewards & Profit Split

Once you are a Funded GOAT Trader, the following rules apply:

Profit Split: 80% (Traders keep 80% of their profit).

Payout Cycle: Bi-weekly (Every 14 days).

Trading

Leverage Settings

To maintain a professional risk environment, leverage is adjusted between phases:

Updated 5 October 2026

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