Bespoke Funding Review (10% discount code: FOREXPROPREVIEWS)

Bespoke Funding is a proprietary trading firm that has a passion for identifying hidden talent in the prop trading industry. They strive to create unique funding opportunities for traders worldwide by creating approachable ways to become a professional, funded trader who can remotely manage their capital. They allow traders to work with up to $4,000,000 in funding and take home up to 80% profit splits. Traders can achieve this by trading forex pairs, commodities, indices, and cryptocurrencies.

Who are Bespoke Funding?

Bespoke Funding is a proprietary firm incorporated on the 26th of September, 2022. They offer traders a chance to choose between three different funding programs: two two-step evaluation programs and a one-step evaluation program. They have offices located in London while offering traders account sizes up to $500,000 in balance and up to 80% profit splits. Bespoke Funding is partnered with Eightcap as their broker.

Their headquarters are located at Gemma House, Lilestone Street, London, England, NW8 8SS.

Who is the CEO of Bespoke Funding?

Zak Wilding and Lewis Kaler are co-founders of Bespoke Funding. Note that we will be adding more information about their co-founders in the future. Stay tuned!

Video Review

Funding program options

Bespoke Funding offers its traders three different programs to choose from:

• Classic challenge accounts
• Rapid challenge accounts
• One-step challenge accounts

Classic challenge account

Bespoke Funding classic challenge account aims to identify serious and talented traders who are rewarded for their consistency in the two-phase evaluation period. The classic challenge account allows you to trade with 1:60 leverage.

Evaluation phase one requires a trader to reach a profit target of 8% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. You are allowed to take your time to complete phase one since there are no maximum trading day limitations. However, you are required to trade a minimum of 3 trading days in order to proceed to phase two.

Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. You are allowed to take your time to complete phase one since there are no maximum trading day limitations. However, you are required to trade a minimum of 3 trading days in order to proceed to a funded account.

By completing both evaluation phases, you are awarded a funded account where you have no profit targets. You are only required to respect the 5% maximum daily loss and 10% maximum loss rules. Your first payout is 30 calendar days from the day you place your first position on your funded account, while all other withdrawals can be submitted on a bi-weekly basis. Your profit split will be 80% based on the profit you make on your funded account.

Classic challenge account scaling plan

Classic challenge accounts also have a scaling plan. You are required to receive a payout of 8% or more within a four-month period where three out of the four months were profitable. You will receive an account increase of 40% of the original account balance.

Example:

After 4 months: If you have a $200,000 account, your account balance will increase to $280,000.

After next 4 months: Balance of $280,000 increases to $360,000.

After next 4 months: Balance of $360,000 increases to $440,000.

And so on…

Trading instruments for the classic challenge accounts are forex pairs, commodities, indices, and cryptocurrencies.

Classic challenge account rules

• Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 8% while phase 2 has a profit target of 5%. Funded accounts have no profit targets.
• Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%.
• Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 10%.
• Minimum trading days is the minimum period which you are required to trade for before you can complete an evaluation phase, or request a withdrawal. Both phases have a 3 minimum trading day requirement.
• Lot size limit requires traders to follow specified lot sizes for specific trading instruments. These are most usually set based on the initial account balance of the prop firm account. You can see the maximum lots available a trader can open across all pairs at any given time depending on their account size:
  • $10,000 – 3 lots
  • $25,000 – 7.5 lots
  • $50,000 – 15 lots
  • $100,000 – 30 lots
  • $200,000 – 60 lots
  • $300,000 – 90 lots
  • $400,000 – 120 lots
• No martingale allowed means that traders are not allowed to use any type of martingale strategy while trading.
• Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
• Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

Rapid challenge account

Bespoke Funding rapid challenge account aims to identify serious and talented traders who are rewarded for their consistency in the two-phase evaluation period. The rapid challenge account allows you to trade with 1:100 leverage.

Evaluation phase one requires a trader to reach a profit target of 8% while not surpassing their 5% maximum daily loss or 8% maximum loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase one. In order to proceed to phase two, you are only required to reach the 8% profit target without breaching the maximum daily or maximum loss limit rules.

Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 8% maximum loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase two. In order to proceed to funded status, you are only required to reach the 5% profit target without breaching the maximum daily or maximum loss limit rules.

By completing both evaluation phases, you are awarded a funded account where you have no profit targets. You are only required to respect the 5% maximum daily loss and 10% maximum loss rules. Your first payout is 30 calendar days from the day you place your first position on your funded account, while all other withdrawals can be submitted on a bi-weekly basis. Your profit split will be 80% based on the profit you make on your funded account.

Rapid challenge account scaling plan

Rapid challenge accounts also have a scaling plan. You are required to receive a payout of 8% or more within a four-month period where three out of the four months were profitable. You will receive an account increase of 40% of the original account balance.

Example:

After 4 months: If you have a $200,000 account, your account balance will increase to $280,000.

After next 4 months: Balance of $280,000 increases to $360,000.

After next 4 months: Balance of $360,000 increases to $440,000.

And so on…

Trading instruments for the rapid challenge accounts are forex pairs, commodities, indices, and cryptocurrencies.

Rapid challenge account rules

• Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 8% while phase 2 has a profit target of 5%. Funded accounts have no profit targets.
• Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%.
• Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 8%.
• Lot size limit requires traders to follow specified lot sizes for specific trading instruments. These are most usually set based on the initial account balance of the prop firm account. You can see the maximum lots available a trader can open across all pairs at any given time depending on their account size:
  • $10,000 – 3 lots
  • $25,000 – 7.5 lots
  • $50,000 – 15 lots
  • $100,000 – 30 lots
  • $200,000 – 60 lots
  • $300,000 – 90 lots
  • $400,000 – 120 lots
• No martingale allowed means that traders are not allowed to use any type of martingale strategy while trading.
• Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
• Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

One-step challenge account

Bespoke Funding’s one-step challenge account aims to identify serious and talented traders who are rewarded for their consistency in the one-phase evaluation period. The one-step challenge account allows you to trade with 1:10 leverage.

The evaluation phase requires a trader to reach a profit target of 10% while not surpassing their 4% maximum daily loss or 5% maximum loss rules. Your evaluation account has no minimum or maximum trading day requirements. The only requirement to become funded is hitting the profit target.

By completing the evaluation phase, you are awarded a funded account where you have no profit targets. You are only required to respect the 4% maximum daily loss or 5% maximum loss rules. Your first payout can be requested anytime, while all of the following withdrawals can be submitted on a 30-calendar-day basis. Your profit split will be 75% based on the profit you make on your funded account.

One-step challenge scaling plan

One-step challenge accounts also have a scaling plan. You are required to receive a payout of 8% or more within a four-month period where three out of the four months were profitable. You will receive an account increase of 40% of the original account balance.

Example:

After 4 months: If you have a $200,000 account, your account balance will increase to $280,000.

After next 4 months: Balance of $280,000 increases to $360,000.

After next 4 months: Balance of $360,000 increases to $440,000.

And so on…

Trading instruments for the one-step challenge accounts are forex pairs, commodities, indices, and cryptocurrencies.

One-step challenge account rules

• Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. The one-step challenge has a profit target of 10%. Funded accounts have no profit targets.
• Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 4%.
• Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 5%.
• Lot size limit requires traders to follow specified lot sizes for specific trading instruments. These are most usually set based on the initial account balance of the prop firm account. You can see the maximum lots available a trader can open across all pairs at any given time depending on their account size:
  • $10,000 – 3 lots
  • $25,000 – 7.5 lots
  • $50,000 – 15 lots
  • $100,000 – 30 lots
  • $200,000 – 60 lots
  • $300,000 – 90 lots
  • $400,000 – 120 lots
• No martingale allowed means that traders are not allowed to use any type of martingale strategy while trading.
• Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
• Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

Bespoke Funding’s special features

While working with Bespoke Funding, traders can also enjoy the following features:

• Balance-based drawdown, which is very beneficial for profitable traders, as well as swing traders, compared to the industry standard equity-based drawdown,
• When hitting your profit targets during your evaluation periods, an auto close feature will take place, meaning that it will automatically close all of your trades as you have successfully qualified for phase two or funded account,
• Challenge credentials are instant with all funding programs and challenge phases,
• Payouts and the account reset are both processed within 24 hours, meaning that you can start trading again within the 24-hour period.

What makes Bespoke Funding different from other prop firms?

Bespoke Funding is different from most industry-leading prop firms due to offering three different funding programs: Classic challenge, Rapid challenge, and One-step challenge accounts. They also have almost no restrictions on your trading style. You can trade during news, hold trades overnight, and during the weekends. You should only keep in mind that they have a lot size limit and that martingale is prohibited.

Bespoke Funding classic challenge accounts have a two-phase evaluation that requires traders to complete two phases before being eligible for payouts. The profit target is 8% in phase one and 5% in phase two, with a 5% maximum daily and 10% maximum loss rules. You also have a 3 minimum trading days requirement in both phases before becoming funded. Classic challenge accounts also have a scaling plan. Compared to other industry-leading prop firms, they have relatively low profit targets and no maximum trading day requirements.

Example of comparison between Bespoke Funding & Finotive Funding

Example of comparison between Bespoke Funding & Funded Trading Plus

Example of comparison between Bespoke Funding & FundedNext

Bespoke Funding rapid challenge accounts also have a two-phase evaluation that requires traders to complete two phases before being eligible for payouts. The profit target is 8% in phase one and 5% in phase two, with a 5% maximum daily and 8% maximum loss rules. You also have no minimum trading days requirement in both phases before becoming funded. Rapid challenge accounts also have a scaling plan. Compared to other industry-leading prop firms, they have relatively low profit targets with no minimum or maximum trading day requirements.

Example of comparison between Bespoke Funding & My Forex Funds

Example of comparison between Bespoke Funding & True Forex Funds

Example of comparison between Bespoke Funding & Blue Guardian

Bespoke Funding’s last funding program is the one-step challenge account, where traders are required to complete one phase before being eligible for payouts. The profit target for the evaluation phase is 10%, with a 4% maximum daily and 5% maximum loss rules. Note that you have no minimum or maximum trading day requirements during the evaluation stage. One-step challenge accounts also have a scaling plan. Compared to other industry-leading prop firms, they have average maximum loss rules with minimum or maximum trading day requirements.

In conclusion, Bespoke Funding is different from other industry-leading prop firms by offering three different funding programs: Classic challenge, Rapid challenge, and One-step challenge. In addition, they also offer traders relaxed trading rules with almost no restrictions. You should only keep in mind that they have a lot size limit and that martingale is prohibited.

Is getting Bespoke Funding capital realistic?

It’s essential to see how realistic the trading requirements are when looking at prop firms that best suit your forex trading style. For example, a company offering a high % profit split on a highly funded account sounds great, but if they expect high % gains per month with low % maximum drawdowns, your chances of success become close to zero.

Receiving capital from the classic challenge accounts is realistic mostly since they have relatively low profit targets (8% in phase one and 5% in phase two) with average maximum loss rules (5% maximum daily and 10% maximum loss).

Receiving capital from the rapid challenge accounts is realistic mostly since they have relatively low profit targets (8% in phase one and 5% in phase two) with slightly below average maximum loss rules (5% maximum daily and 8% maximum loss).

Receiving capital from the one-step challenge accounts is realistic mostly since they have an average profit target of 10% with average maximum loss rules (4% maximum daily and 5% maximum loss).

After considering all of that, Bespoke Funding is an excellent choice to get funded since you have three different funding programs you can choose from that have realistic trading objectives to follow and conditions to receive payouts.

Payment proof

Bespoke Funding was incorporated on the 26th of September, 2022. Traders can receive their first withdrawal after 30 calendar days on Classic and Rapid accounts, while the next payouts are based on a bi-weekly basis. However, when it comes to one-step challenge accounts, traders can request their first withdrawal whenever, while the next payouts will be based on a 30 calendar days period. Note that once funded, none of the three funding programs have any profit targets in order to be eligible to request a payout.

You can mostly find examples of payout proof on Bespoke Funding’s Discord channel under the ”Payout Proof” section. Below you can see some examples of payment proof.

Which brokers does Bespoke Funding use?

Bespoke Funding has integrated its technology with a broker Eightcap, an ASIC-regulated broker in Melbourne, Australia. They were founded in 2009 with a simple, straightforward mission to provide exceptional financial services to its clients. They have five offices around the globe and regulations in multiple locations providing clients worldwide with the ability to trade on markets across FX, indices, commodities, and shares.

Eightcap is considered average-risk, with an overall Trust Score of 73 out of 99. They have the following features:

1. Forex Trading
2. CFD Trading
3. Cryptocurrency Trading
4. Social Trading/Copy-Trading
5. A total of 326 Tradeable Symbols
6. A total of 45 Forex Pairs

They offer two account types, one being Raw and the other Standard. The commissions and fees will depend on which of the two you choose. Fees for Standard accounts are built into a spread and for Raw accounts into a commission. Another fee you should always consider is the overnight fee, which is an interest for holding an open position overnight in trading.

Being a MetaTrader only broker, their offers are MetaTrader 4 and the newer MetaTrader 5 platforms from MetaQuotes Software Corporation.

They deliver a personalized trading experience and create an ultra-efficient technology infrastructure for you to trade on and have been awarded the Best Global Forex MT4 Broker 2020 at the Global Forex Awards for doing so.

As for trading platforms, you can use MetaTrader 4 or MetaTrader 5.

Trading instruments

Bespoke Funding allows you to trade forex pairs, commodities, indices, and cryptocurrencies with 1:10 up to 1:100 leverage, depending on the funding program that you are trading on.

Trading fees

Trading commission:

Spread:

In order to check the live spreads login to the trading account below:

Education & Support for traders

Bespoke Funding does not provide any educational content on its website. They only have a blog on their website, where traders can gain some general information regarding planning and strategizing, fundamental analysis, risk management, and trading psychology.

In addition, a thread can be found on ForexFactory named ‘’PROP FIRM HUB’’ made by MasterrMind, where Bespoke Funding also gets mentioned numerous times. 

To see the mentioned thread click here.

In addition, Bespoke Funding also provides a well-structured dashboard that all of their clients can access, making it easier to manage risk with all the objectives of their statistics.

Traders’ Comments about Bespoke Funding

Bespoke Funding has excellent feedback from reviews.

On Trustpilot, they have a large variety of their community commenting and giving positive feedback with an excellent score of 4.7/5 out of 91 reviews. They have a reliable support team that will provide you with all the necessary information in a prompt manner whenever you are in need through their live chat.

Their community praises their support team for their fast response time. However, despite that, a member of their community also mentioned that they offer excellent trading conditions with their Eightcap broker.

Someone also stated that after having some personal issues and their support team was happy to help. He mentioned that Bespoke Funding shows that they actually care about their clients, which is always a very positive statement to hear about a proprietary trading firm.

Social media statistics

Bespoke Funding can also be found on social media.

They have a:

• Twitter account with 15,6k followers,
• Instagram account with 53,7k followers, and
• Facebook page with 172 followers.

In addition, Bespoke Funding also has a Discord channel with 7,564 members, where you can communicate with other traders from their community.

Support

Bespoke Funding has a FAQ page where you might find the missing information.

The support team is available on their social media, or you can directly contact them on their email support@bespokefundingprogram.com.

In addition, they also have an active live chat support team on their website that will offer you the necessary support whenever you are in need.

Conclusion

In conclusion, Bespoke Funding is a legitimate proprietary trading firm that offers traders a chance to choose between three different funding programs: Classic, Rapid, and One-step challenge accounts.

Classic challenge accounts are industry-standard two-phase evaluation challenges that require the completion of two phases before becoming funded and being eligible to earn profit splits. Bespoke Funding requires traders to reach profit targets of 8% in phase one and 5% in phase two before becoming funded which are realistic trading objectives considering you have a 5% maximum daily and 10% maximum loss rules to follow. With classic challenge accounts, you can earn 80% profit splits while also being able to scale your accounts.

Rapid challenge accounts are industry-standard two-phase evaluation challenges that require the completion of two phases before becoming funded and being eligible to earn profit splits. Bespoke Funding requires traders to reach profit targets of 8% in phase one and 5% in phase two before becoming funded which are realistic trading objectives considering you have a 5% maximum daily and 8% maximum loss rules to follow. With rapid challenge accounts, you can earn 80% profit splits while also being able to scale your accounts.

One-step challenge accounts are a one-phase evaluation challenge that requires the completion of a single evaluation phase before becoming funded and being eligible to earn profit splits. Bespoke Funding requires traders to reach a profit target of 10% in the evaluation phase before becoming funded, which are realistic trading objectives considering you have a 4% maximum daily and 5% maximum loss rules to follow. With one-step challenge accounts, you can earn 75% profit splits while also being able to scale your accounts.

I would recommend Bespoke Funding to anyone who is looking for a prop firm with straightforward trading rules. You should only keep in mind that they have lot size limitations and that the martingale trading strategy is prohibited. After considering everything Bespoke Funding has to offer, they are for sure one of the industry-leading prop firms.

This review about Bespoke Funding was lastly updated on 25.05.2023 at 07:57 (CE(S)T).

So, what do you think about the layout of the Proprietary Trading firm? Does Bespoke Funding have the instruments that you want to trade?

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