Bespoke Funding Review

What is Bespoke Funding?

Bespoke Funding, founded on September 26, 2022, is a proprietary firm that offers traders a selection of two unique funding programs: the Classic & the Rapid two-step review procedures. 

The company, headquartered in London, provides account options with balances that can go as high as $400,000, along with profit-sharing ratios of up to 80%. Bespoke Funding operates as a broker for ThinkMarkets, with its offices located at Gemma House, Limestone Street, London, England, NW8 8SS.

Bespoke Funding, a proprietary trading organization, is committed to discovering latent talent within the prop trading market. Their objective is to establish exceptional funding prospects for traders globally, providing accessible routes for individuals to become proficient, financed traders with the ability to remotely oversee their cash. 

The company offers traders the opportunity to trade with a maximum capital of $4,000,000, and the possibility to make profit splits of up to 80%. One can accomplish this by engaging in trading activities involving diverse financial products such as FX pairings, commodities, indices, & cryptocurrencies.

Visit Bespoke Funding today!

CEO (Chief Executive Officer) of Bespoke Funding

Zak Wilding & Lewis Kaler are the individuals who established Bespoke Funding. It should be noted that we will be providing additional details regarding their co-founders at a later time. Remain attentive!

Bespoke Funding Funding Programs and Challenges: Rules and Requirements 

• Classic Challenge Accounts
• Rapid Challenge Accounts

• Classic Challenge Accounts

The primary objective of the Bespoke Funding classic challenge account is to discover skilled and dedicated traders who are recognized and rewarded for their consistent performance during the two-phase evaluation period. The traditional challenge account offers a trading opportunity with a leverage ratio of 1:60.

During the initial evaluation period, traders are required to reach a profit goal of 8%, while making sure they do not surpass the maximum daily loss of 5% or breach the maximum loss limit of 10%. 

Phase one does not have a rigid time limit, providing traders with flexibility, and there are no restrictions on the number of trading days. Nevertheless, it is necessary to finish at least three trading days to progress to phase two.

In the second phase of evaluation, traders are required to achieve a profit target of 5%, while following the same conditions of a maximum daily loss of 5% and a maximum loss of 10%. Like phase one, there are no limitations on the maximum number of trading days, but a minimum of 3 trading days is necessary to advance to a funded account.

After completing both evaluation processes, traders are granted a funded account without any specified profit goals. The sole prerequisites entail adhering to the 5% threshold for daily losses and the 10% threshold for overall losses. 

The first payout is made 14 days after the first position is placed on the funded account, and subsequent withdrawals are allowed every two weeks. Traders are entitled to an 80% profit allocation, which is determined by the profits produced in their funded account.

Classic Challenge Account Scaling Plan

The classic challenge accounts use a strategic approach where traders strive to achieve a minimum return of 8% or more over four months, ensuring that at least three of those months result in a profit. Upon successful completion, the original account balance experiences a 40% increment. 

For example, if an account starts with $200,000, it can increase to $280,000 after four months. This pattern of growth continues with more increases every four months. The accessible trading instruments for conventional challenge accounts encompass currency pairs, commodities, indices, & cryptocurrencies.

Classic Challenge Account Rules

• Profit Targets: During the assessment rounds, traders must meet particular profit targets to advance. Phase 1 necessitates achieving a profit target of 8%, Phase 2 has a target of 5%. Funded accounts, on the other hand, do not have any specific goals for generating profit.

• Maximum Daily Loss: It refers to the amount of money a trader can lose in a single day without violating their account. Every account, regardless of its size, is subject to a maximum daily loss of 5%.

• Maximum Loss: This refers to the maximum allowable loss that can occur before an account is considered to be in violation. The highest allowable loss limit for all account sizes is 10%.

• Minimum Trading Days: Traders are required to meet a minimum number of trading days before they can finish an evaluation phase or make a withdrawal request. Both Phase 1 and Phase 2 require a minimum of 3 trading days.

• Lot Size Limit: Traders are required to follow specific lot sizes for different trading instruments, usually determined by the initial account balance of the proprietary firm account.

• $10,000 – 4 lots
• $25,000 – 10 lots
• $50,000 – 20 lots
• $100,000 – 40 lots
• $200,000 – 80 lots
• $300,000 – 120 lots
• $400,000 – 160 lots

• No Martingale Allowed: Martingale strategies are strictly prohibited for traders.

• Risk of Third-Party Copy Trading: Engaging in third-party copy trading services entails the risk of adopting identical trading strategies as other traders, which may result in the denial of a funded account or withdrawal if it surpasses the maximum capital allocation regulation.

• Risk of Third-Party EA Usage: Using third-party EAs carries the risk of adopting the same trading tactics as other traders, which could lead to the rejection of a funded account or withdrawal if the maximum capital allocation regulation is exceeded.

Rapid Challenge Account

The primary objective of the Bespoke Funding quick challenge account is to discover proficient and skilled traders who demonstrate consistent performance during the two-phase evaluation period, and thereafter reward them accordingly. The quick challenge account offers the opportunity to engage in trading with a leverage ratio of 1:100.

During Evaluation Phase One, traders strive to achieve a profit target of 8% while ensuring that they do not exceed the maximum daily loss of 5% or the maximum loss of 8%. 

There are no specific standards for the minimum or maximum number of trading days during this phase. The single condition to go to Phase Two is to achieve the 8% profit target while strictly sticking to loss limits.

During Evaluation Phase Two, the profit objective is set at 5%, along with the same 5% limit on daily losses and an 8% limit on overall losses. There are no specific limits on the minimum or maximum duration for trade days, allowing for flexibility in managing time. The sole condition for achieving funded status is to meet the 5% profit target while staying under the specified loss limits.

Upon completing both evaluation processes, the account will be financed without any specified profit targets. Traders alone need to adhere to the 5% limit on daily losses and the 10% limit on overall losses. 

The first payment is made 14 days after the first position is placed on the funded account, and future withdrawals are allowed every two weeks. Traders are entitled to an 80% profit division, which is determined by the profits produced in their funded account.

Rapid Challenge Account Scaling Plan

Rapid challenge accounts employ a scaling strategy in which traders strive to achieve a payment of 8% or higher during a profitable period of three out of four months. Upon successful completion, the original account balance will be augmented by 40%. 

For example, an initial investment of $200,000 can be appreciated to $280,000 during four months, followed by additional increments every four months. The trading instruments available for quick challenge accounts encompass forex pairs, commodities, indices, & cryptocurrencies.

Bespoke Funding’s Special Features

• Advantage of Balance-Based Drawdown: Bespoke Funding provides a balance-based drawdown, which is advantageous for traders who are profitable and engage in swing trading. This technique deviates from the conventional practice of using equity-based drawdown in the industry.

• Automatic Close Feature: Once profit targets are achieved during evaluation periods, an automatic closure mechanism is triggered. The automatic closing of all deals indicates eligibility for phase two or a funded account.

• Instant Challenge Credentials: Traders are provided with immediate challenge credentials for all financing programs and challenge stages, which simplifies the onboarding procedure.

• Swift Payouts: Payouts and account resets are completed within a 24-hour timeframe. Traders can quickly resume trading within 24 hours due to this prompt turnaround time.

Bespoke Funding Brokers: Do They Use a Reliable Platform? 

It is crucial to thoroughly assess the trading requirements provided by proprietary (prop) trading firms to choose one that is compatible with your forex trading approach. The primary objective is to evaluate the authenticity of the trading conditions offered by these companies.

The author advises that when considering a prop firm that offers a lucrative profit split on a well-capitalized trading account, it is essential to carefully evaluate the trading requirements set by the organization. 

For example, a profit split that appears to be generous may come with strict monthly profit targets and stringent maximum drawdown limitations, posing a challenge for traders to satisfy these criteria effectively.

The feasibility of obtaining funding from various challenge accounts provided by proprietary trading firms. The statement highlights that conventional challenge accounts, characterized by lower profit targets (8% in phase one and 5% in phase two) and more forgiving maximum loss criteria (5% maximum daily and 10% maximum loss), are a more practical option for traders. 

Similarly, rapid challenge accounts are deemed realistic since they have achievable profit targets and slightly below-average maximum loss regulations.

In conclusion, Bespoke Funding is highly recommended for traders in search of capital. The endorsement is predicated on the presence of two funding programs that have attainable trading goals and payout terms. 

Bespoke Funding offers a well-balanced and attainable set of criteria, making it a viable choice for traders seeking finance for their forex trading endeavors.

Bespoke Funding Fees: How Much Do They Charge? 

The fee structure for trading various assets with the company is outlined as follows:

• FOREX: 4 USD per LOT
• COMMODITIES: 0 USD per LOT
• INDICES: 0 USD per LOT
• CRYPTO: 0 USD per LOT

Support and Education for Traders:

It is crucial to thoroughly assess the trading requirements provided by proprietary (prop) trading firms to choose one that is compatible with the forex trading approach. The emphasis lies in evaluating the authenticity of the trading circumstances offered by these companies.

The author advises that when considering a prop firm, it is important to carefully evaluate the trading requirements set by the firm, notwithstanding the appealing high % profit split offered on a well-capitalized trading account. 

For example, a profit split that appears to be generous may come with stringent monthly profit targets & strict maximum drawdown limits, which might make it difficult for traders to properly fulfill these requirements.

The feasibility of obtaining funding from various challenge accounts provided by proprietary trading firms. The statement highlights that conventional challenge accounts, characterized by lower profit targets (8% in phase one and 5% in phase two) and more forgiving maximum loss criteria (5% maximum daily and 10% maximum loss), are a more practical option for traders. 

Similarly, rapid challenge accounts are deemed realistic since they have profit targets that are reasonable and maximum loss rules that are slightly below average.

In conclusion, Bespoke Funding is highly recommended as an exceptional option for traders in search of finance. The endorsement is predicated on the presence of two funding programs that have attainable trading goals and payout terms. 

Bespoke Funding offers a well-balanced and attainable set of criteria, making it a viable choice for traders seeking finance for their forex trading endeavors.

Furthermore, Bespoke Funding offers a meticulously designed dashboard that grants access to all clients, facilitating the management of risk in alignment with their statistical objectives.

Bespoke Funding Proof of Payment:

Bespoke Funding was formally established on September 26, 2022.

Withdrawal Timelines: Traders who have Classic & Rapid challenge accounts are eligible to request their first withdrawal after 14 days. Payouts are made every two weeks. 

Profit targets are not required for requesting a payout in either the Classic or Rapid challenge accounts once they have been financed.

Payout Proof Examples: Demonstrations of successful payouts are mostly available on Bespoke Funding’s Discord channel in the dedicated “Payout Proof” area.

The Discord channel functions as a platform for traders to exchange and authenticate payment evidence.

Bespoke Funding Customer Support: 

Bespoke Funding is also present on other social media platforms.

1. Twitter: 

Bespoke Funding has cultivated a community of 43.7k followers on Twitter. This platform functions as a dynamic environment for instantaneous updates, news, and engagements with the trading community. Traders can remain updated on the latest developments and participate in discussions with individuals who share similar interests by subscribing to their Twitter accounts.

2. Instagram: 

Bespoke Funding has a flourishing Instagram presence, boasting a follower count of 62.2k. This platform delivers a visually immersive experience into the realm of trade, offering a distinctive viewpoint on the company’s endeavors and accomplishments. It serves as a catalyst for traders’ creativity and a means of maintaining connectivity with the community.

3. Facebook: 

The Facebook Page, Bespoke Funding, has cultivated a community of 1.6k followers. This platform functions as a dynamic environment for immediate updates, news, and interactions with the trading community. Traders can acquire up-to-date information and participate in conversations with individuals who share similar interests by simply subscribing to their Facebook Page.

IV. FAQ Page and Support:

Bespoke Funding offers a Frequently Asked Questions (FAQ) page on its website to specifically address typical inquiries and offer supplementary details.

Reach out through various social media platforms:

Contact via Social Media: The support team at Bespoke Funding is possible via their social media platforms.

Email Address:

To establish direct communication, please reach out to the support staff by sending an email to [email protected].

Online assistance provided through real-time text-based communication:

Bespoke Funding provides a dynamic live chat support function on its website.

This is a live chat support service.

What Makes Bespoke Funding Unique? 

Bespoke Funding differentiates itself from other prominent proprietary organizations by providing two unique funding programs: the Classic Challenge & the Rapid Challenge accounts. 

Significantly, they enforce little constraints on trading techniques, permitting actions such as trading during news events, and retaining holdings overnight, and throughout the weekends. Traders must exercise caution about lot size restrictions and the banning of martingale tactics.

To qualify for rewards, applicants for Bespoke Funding’s Classic Challenge accounts must undergo a two-phase screening procedure. In phase one, the profit target is established at 8%, while in phase two, it is set at 5%. These targets are accompanied by restrictions that limit daily losses to a maximum of 5% and maximum losses overall to 10%. 

Furthermore, both stages require a minimum of 3 trading days before progressing to a funded state. Classic Challenge accounts come with a scaling plan that has lower profit targets and no maximum trading day limits, which sets them apart from other top proprietary firms.

FOR INSTANCE: Comparison between Bespoke Funding and Finotive Funding

Bespoke Funding Reviews: What Do Their Customers Say?

Trustpilot: 

Trustpilot boasts a diverse range of community members who provide favorable feedback, resulting in an impressive score of 4.4/5 based on 891 reviews. Their support crew is dependable and will promptly supply their traders with all the relevant information through their live chat whenever they require assistance.

Their community commends their support personnel for their prompt response time. In addition, a community member encountered a problem when Bespoke Funding transitioned from Eightcap to ThinkMarkets. 

However, the issue was successfully rectified once he reached out to them. The client also indicated that their trading circumstances are among the most favorable in the prop trading firm industry.

#1. Dwayne Alexander affirmed his status as a longstanding patron of Bespoke Funding, having maintained a customer relationship for a duration beyond 8 months, and expressed his satisfaction with their exceptional service. The process of issuing credentials is expedited, payouts are prompt, and the trading regulations and conditions are highly favorable. 

He encountered a problem in obtaining my credentials due to an error in entering the incorrect email address while purchasing a challenge. Consequently, he reached out to the help desk, and a proficient operator named Charlie promptly and effectively resolved my issue. 

This expedited and effortless resolution made the entire process smooth and trouble-free. He is unquestionably utilizing this corporation to its maximum funding capacity.

#2. Lawrence Dyer is leaving a second review for BFP, as stated by him. He has encountered a problem with my account being transferred to the new ThinkMarkets server, resulting in the closure of all his hedged positions and putting me in a state of financial loss. He initiated contact with the company over a live chat platform and succinctly described his predicament. 

In summary, they restored his balance before the migration. The sole reason for the 4-star rating is due to the impertinent reaction received when questioning the closure of my trades. Although this has not occurred in previous interactions, it will be regarded as an isolated incident. In addition to that, he has an abundance of time available for BFP.

#3. Sajjad Ahmed stated in his reply that he completed his phase 2 account and has been awaiting the login data for his live account since October 2nd. The account number for phase 2 is 2145819523. He stated that he would like to receive the live account credentials. Expressing gratitude!

#4. According to Danish, he stated that Bespoke is a fraudulent company of significant magnitude. Following the completion of phase two, it took them 15 days to activate the live account despite several email reminders and live chat conversations. However, they have now sent an email stating that they are dissatisfied with his trading strategy and will be refunding the initial cost. 

This is highly frustrating considering the three months of dedicated effort he put into completing the first and second phases. The establishment is entirely controlled and operated by individuals engaging in fraudulent activities and deceptive practices. 

Conclusion

To summarize, Bespoke Funding is a well-regarded and authentic proprietary trading organization that offers traders the option to choose between two separate financing programs: the Classic Challenge & the Rapid Challenge accounts.

The Classic challenge accounts adhere to the widely accepted two-phase evaluation process, which requires traders to achieve attainable profit targets of 8% in phase one along with 5% in phase two. These aims are by practical trading factors, which are reinforced by restrictions that limit the maximum daily loss to 5% and the maximum overall loss to 10%. The allure of traditional challenge accounts resides in the potential to achieve 80% profit sharing and the capacity to expand account size.

In the same manner, Rapid Challenge accounts also follow the industry-standard two-phase evaluation approach, with profit targets of 8% in the first phase and 5% in the second phase. 

The trading objectives are still attainable, with the inclusion of limitations that limit the maximum daily loss to 5% and the maximum overall loss to 8%. Rapid challenge accounts offer traders the opportunity to achieve 80% profit splits and the ability to adjust the size of their accounts.

a person who is looking for a private company with straightforward and easy-to-understand trading regulations then proposes Bespoke Funding. It is crucial to acknowledge the presence of restrictions on lot sizes and the banning of the martingale trading method. 

After thoroughly evaluating all of its characteristics, Bespoke Funding stands out as one of the top prop organizations in the industry, providing an attractive package for traders in search of a trustworthy platform.