13. Bespoke Funding Program

Bespoke Funding is a trading firm that specializes in discovering untapped potential within the proprietary trading sector. Their primary goal is to generate distinctive funding prospects for traders across the globe.

Bespoke Funding, a proprietary trading firm, is dedicated to discovering hidden talent in the prop trading industry. Their main goal is to create distinctive funding opportunities for traders providing accessible paths for them to become professional, funded traders who can manage their capital remotely. They allow traders to operate with up to $4,000,000 in funding and offer profit splits of up to 80%. Trading options available include forex pairs, commodities, indices, and cryptocurrencies.

Who are Bespoke Funding?

Bespoke Funding was founded on September 26, 2022 and is a proprietary firm. It offers traders the choice of three funding programs, including two two-step evaluation programs and a one-step evaluation program. With their headquarters located in London they provide traders with account sizes of up to $500,000 in balance and profit splits of up to 80%. Bespoke Funding has partnered with Eightcap as their broker. The firm's main office is 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.

Program Options for Funding:

Bespoke Funding presents traders with a selection of three distinct programs to consider:

Classic challenge accounts Rapid challenge accounts *One-step challenge accounts

Classic challenge accounts

Bespoke Funding's Classic Challenge Account aims to identify dedicated and skilled traders who are rewarded for their consistency during a two-phase evaluation period. This account allows you to trade with leverage of 1:60.

In Phase One of the evaluation, traders must achieve a profit target of 8% while staying within the maximum daily loss of 5% and maximum loss of 10% limits. There is no time restriction for completing Phase One, but a minimum of 3 trading days is required to progress to Phase Two.

In Phase Two of the evaluation, traders must reach a profit target of 5% while adhering to the maximum daily loss of 5% and maximum loss of 10% rules. Similar to Phase One, there are no specific time constraints, but a minimum of 3 trading days is necessary to advance to a funded account.

Upon successfully completing both evaluation phases, traders are awarded a funded account with no profit targets. The only requirements are to abide by the maximum daily loss of 5% and maximum loss of 10% rules. The first payout occurs 14 calendar days from the day the first position is placed on the funded account, while subsequent withdrawals can be requested on a bi-weekly basis. The profit split is 80% based on the profits generated in the funded account.

Account Size - Price

$10,000 - $129

$25,000 - $239

$50,000 - $329

$100,000 - $529

$200,000 - $949

$300,000 - $1,409

$400,000 - $1,879

Scaling Plan for Classic Challenge Account:

The Classic Challenge Account also offers a scaling plan. Traders must achieve a payout of 8% or more within a four-month period, with at least three out of the four months being profitable. Upon meeting this criterion, the account balance will increase by 40% of the original account balance.

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

After the next 4 months: The balance of $280,000 will increase to $360,000.

After the subsequent 4 months: The balance of $360,000 will increase to $440,000.

And so on...

The Classic Challenge Account allows trading of various instruments, including forex pairs, commodities, indices, and cryptocurrencies.

Rules for the Classic Challenge Account:

• Profit target: It is a specific percentage of profit that traders need to achieve to complete an evaluation phase, withdraw profits, or scale their account. The profit target for Phase 1 is 8%, and for Phase 2, it is 5%. Funded accounts do not have profit targets.

• Maximum daily loss: This refers to the maximum allowable loss a trader can incur in a single day before violating the account rules. For all account sizes, the maximum daily loss is set at 5%.

• Maximum loss: It is the maximum allowable overall loss a trader can reach before violating the account rules. For all account sizes, the maximum loss is capped at 10%.

• Minimum trading days: This denotes the minimum number of trading days required to complete an evaluation phase or request a withdrawal. Both Phase 1 and Phase 2 have a minimum trading day requirement of 3 days.

• Lot size limit: Traders must adhere to specified lot sizes for different trading instruments. These lot sizes are typically determined based on the initial account balance of the proprietary firm account. The maximum lots a trader can open across all pairs at any given time depends on their account size, as follows:

• $10,000 account: 4 lots

• $25,000 account: 10 lots

• $50,000 account: 20 lots

• $100,000 account: 40 lots

• $200,000 account: 80 lots

• $300,000 account: 120 lots

• $400,000 account: 160 lots

• No martingale allowed: Traders are prohibited from using any type of martingale strategy while trading.

• Third-party copy trading risk: If traders intend to use copy trading services, they should be aware that using a third-party copy trading service may involve other traders employing the exact same trading strategy. By using such services, there is a potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.

• Third-party EA risk: If traders plan to use an Expert Advisor (EA) from a third-party, they should consider that other traders might be using the same EA with the identical trading strategy. By utilizing a third-party EA, there is a potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is surpassed.

Rapid challenge account

The Rapid Challenge Account offered by Bespoke Funding is designed to identify committed and skilled traders who demonstrate consistency throughout a two-phase evaluation period. With the Rapid Challenge Account, traders have the opportunity to trade with leverage of 1:100.

In Phase One of the evaluation, traders are required to achieve a profit target of 8% while staying within the maximum daily loss of 5% and maximum loss of 8% limits. During Phase One, there are no specific requirements regarding the minimum or maximum number of trading days. To advance to Phase Two, traders only need to reach the 8% profit target without violating the maximum daily loss or maximum loss rules.

In Phase Two of the evaluation, traders must reach a profit target of 5% while adhering to the maximum daily loss of 5% and maximum loss of 8% rules. Similar to Phase One, there are no specific restrictions on the minimum or maximum number of trading days. To progress to the funded status, traders need to achieve the 5% profit target without violating the maximum daily loss or maximum loss limits.

Upon successful completion of both evaluation phases, traders are granted a funded account without any profit targets. The only requirements are to adhere to the 5% maximum daily loss and 10% maximum loss rules. The first payout is scheduled 14 calendar days from the day the first position is placed on the funded account, and subsequent withdrawals can also be submitted on a bi-weekly basis. The profit split is 80%, based on the profits generated in the funded account.

Account Size - Price

$10,000 - $99

$25,000 - $195

$50,000 - $304

$100,000 - $499

$200,000 - $919

$300,000 - $1,369

$400,000 - $1,849

Rapid Challenge Account Scaling Plan:

The Rapid Challenge Account also includes a scaling plan. To qualify for scaling, traders must achieve a payout of 8% or more within a four-month period, with at least three out of the four months being profitable. Upon meeting this requirement, the trader's account balance will increase by 40% of the original account balance.

For example:

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

After the next 4 months: The balance of $280,000 will increase to $360,000.

After the subsequent 4 months: The balance of $360,000 will increase to $440,000.

And so on...

Trading instruments for the Rapid Challenge Account include forex pairs, commodities, indices, and cryptocurrencies.

Rapid Challenge Account Rules:

• Profit target: It represents a specific percentage of profit that traders must achieve before completing an evaluation phase, withdrawing profits, or scaling their account. The profit target for Phase 1 is 8%, while Phase 2 has a profit target of 5%. Funded accounts do not have profit targets.

• Maximum daily loss: This refers to the maximum allowable loss a trader can incur in a single day before violating the account rules. For all account sizes, the maximum daily loss is set at 5%.

• Maximum loss: It represents the maximum allowable overall loss a trader can reach before violating the account rules. For all account sizes, the maximum loss is capped at 8%.

• Lot size limit: Traders are required to adhere to specified lot sizes for different trading instruments. These lot sizes are typically determined based on the initial account balance of the proprietary firm account. The maximum lots a trader can open across all pairs at any given time depend on their account size, as follows:

• $10,000 account: 4 lots

• $25,000 account: 10 lots

• $50,000 account: 20 lots

• $100,000 account: 40 lots

• $200,000 account: 80 lots

• $300,000 account: 120 lots

• $400,000 account: 160 lots

• No martingale allowed: Traders are prohibited from using any type of martingale strategy while trading.

• Third-party copy trading risk: If traders plan to use copy trading services, they should be aware that using a third-party copy trading service may involve other traders employing the exact same trading strategy. By utilizing a third-party copy trading service, there is a potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.

• Third-party EA risk: If traders intend to use a third-party Expert Advisor (EA), they should consider that other traders might be using the same EA with an identical trading strategy. By using a third-party EA, there is a potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is surpassed.

Bespoke Funding's One-Step Challenge Account:

The One-Step Challenge Account offered by Bespoke Funding aims to identify dedicated and skilled traders who demonstrate consistent performance in a single-phase evaluation period. This account allows you to trade with leverage of 1:10.

Account Size - Price

$50,000 - $315

$100,000 - $629

$200,000 - $1,249

$400,000 - $2,449

$500,000 - $2,979

During the evaluation phase, traders are required to achieve a profit target of 10% while staying within the limits of a maximum daily loss of 4% and a maximum loss of 5%. There are no specific requirements for the number of trading days in this phase. The sole condition to qualify for a funded account is reaching the profit target.

Upon successfully completing the evaluation phase, traders are granted a funded account without profit targets. The only rules to adhere to are the maximum daily loss of 4% and the maximum loss of 5%. Traders can request their first payout at any time, and subsequent withdrawals can be made on a 30-calendar-day basis. The profit split for the funded account is 75% based on the trader's earned profit.

One-Step Challenge Scaling Plan:

• Profit target: This represents the specific percentage of profit traders must achieve before completing the evaluation phase, withdrawing profits, or scaling their account. The profit target for the One-Step Challenge Account is 10%. Funded accounts do not have profit targets.

• Maximum daily loss: This refers to the maximum allowable loss a trader can incur in a single day before violating the account rules. For all account sizes, the maximum daily loss is set at 4%.

• Maximum loss: It represents the maximum allowable overall loss a trader can reach before violating the account rules. For all account sizes, the maximum loss is capped at 5%.

• Lot size limit: Traders must adhere to specified lot sizes for different trading instruments. These lot sizes are usually determined based on the initial account balance of the proprietary firm account. The maximum lots a trader can open across all pairs at any given time depend on their account size, as follows:

• $10,000 account: 4 lots

• $25,000 account: 10 lots

• $50,000 account: 20 lots

• $100,000 account: 40 lots

• $200,000 account: 80 lots

• $300,000 account: 120 lots

• $400,000 account: 160 lots

• No martingale allowed: Traders are prohibited from using any type of martingale strategy while trading.

• Third-party copy trading risk: If traders intend to use copy trading services, they should be aware that employing a third-party copy trading service may involve other traders using the exact same trading strategy. By using a third-party copy trading service, there is a potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.

• Third-party EA risk: If traders plan to use a third-party Expert Advisor (EA), they should consider

Bespoke Funding's Unique Features:

When working with Bespoke Funding, traders can take advantage of the following exclusive features:

• Balance-based drawdown: Unlike the industry standard equity-based drawdown, Bespoke Funding offers balance-based drawdown. This is particularly advantageous for profitable traders and swing traders.

• Automatic closure on hitting profit targets: During evaluation periods, when traders achieve their profit targets, an auto close feature comes into play. This feature automatically closes all trades, signifying qualification for phase two or a funded account.

• Instant challenge credentials: All funding programs and challenge phases provided by Bespoke Funding offer instant challenge credentials.

• Quick payouts and account reset: Payouts and account resets are processed within 24 hours, enabling traders to resume trading within a 24-hour timeframe.

What Sets Bespoke Funding Apart:

Bespoke Funding differentiates itself from other prominent prop firms through several key aspects:

Variety of funding programs: Bespoke Funding offers three distinct funding programs: Classic challenge, Rapid challenge, and One-step challenge accounts. This range of options caters to different trading preferences and goals.

Flexible trading style: Unlike many prop firms, Bespoke Funding imposes minimal restrictions on trading styles. Traders can engage in trading activities during news events, hold trades overnight, and even trade during weekends. However, it is important to note the lot size limit and the prohibition of martingale strategies.

Classic challenge account specifics: Bespoke Funding's Classic challenge accounts consist of a two-phase evaluation process. Traders must complete both phases to become eligible for payouts. Phase one has a profit target of 8%, while phase two has a profit target of 5%. The maximum daily loss is set at 5%, and the maximum overall loss is 10%. Additionally, there is a minimum requirement of 3 trading days in each phase before becoming funded.

Scaling plan for classic challenge accounts: Unlike other prominent prop firms, Bespoke Funding incorporates a scaling plan within its Classic challenge accounts. This plan allows traders to gradually increase their account balance based on their performance.

Example Comparison: Bespoke Funding & Funded Trading Funding Plus...

Bespoke Funding's Rapid Challenge Accounts:

Rapid challenge accounts offered by Bespoke Funding follow a two-phase evaluation process, ensuring traders complete both phases before becoming eligible for payouts. In phase one, the profit target is set at 8%, while in phase two, it decreases to 5%. Traders must adhere to a 5% maximum daily loss and an 8% maximum loss rule. Interestingly, there is no minimum trading days requirement in either phase before qualifying for funding. Additionally, rapid challenge accounts incorporate a scaling plan. It's worth noting that Bespoke Funding's profit targets are relatively lower compared to other leading prop firms, and there are no specific limitations on minimum or maximum trading days.

Comparison Example: Bespoke Funding & My Forex Funds

Bespoke Funding's One-Step Challenge Account:

Bespoke Funding's final funding program is the One-Step Challenge Account, which requires traders to complete a single phase before becoming eligible for payouts. The evaluation phase has a profit target of 10%, accompanied by a maximum daily loss of 4% and a maximum loss of 5%. Importantly, there are no specific requirements regarding minimum or maximum trading days during the evaluation stage. One-Step Challenge Accounts also offer a scaling plan. When compared to other leading prop firms, the maximum loss rules are average, and there are no limitations on minimum or maximum trading days.

In summary, Bespoke Funding stands out from other industry-leading prop firms by providing three distinct funding programs: Classic Challenge, Rapid Challenge, and One-Step Challenge. Additionally, they offer traders a more flexible trading environment with fewer restrictions. However, it's important to keep in mind that there are lot size limits in place, and the use of martingale strategies is prohibited.

Is it realistic to receive capital from Bespoke Funding?

When considering prop firms that align with your forex trading style, it's crucial to assess the feasibility of their trading requirements. While a company may offer a high percentage profit split on a well-funded account, if they expect substantial monthly gains with minimal maximum drawdown percentages, the likelihood of success becomes almost nonexistent.

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

Receiving capital from the Rapid Challenge Accounts is mostly realistic 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 mostly realistic since they have an average profit target of 10% with average maximum loss rules (4% maximum daily and 5% maximum loss).

Considering these factors, Bespoke Funding is an excellent choice to secure funding, as they offer three distinct funding programs with realistic trading objectives and conditions to qualify for payouts.

Payment Proof:

Bespoke Funding was established on September 26, 2022. Traders can make their first withdrawal after 14 calendar days for Classic and Rapid accounts, with subsequent payouts occurring on a bi-weekly basis. For One-Step Challenge Accounts, traders can request their first withdrawal at any time, with subsequent payouts scheduled every 30 calendar days. It's important to note that once funded, none of the three funding programs require specific profit targets to be eligible for withdrawal.

Examples of payment proof can typically be found on Bespoke Funding's Discord channel under the "Payout Proof" section.

Which brokers does Bespoke Funding utilize?

Bespoke Funding has integrated its technology with a broker called Eightcap, an ASIC-regulated broker based in Melbourne, Australia. Founded in 2009, Eightcap's mission is to provide exceptional financial services to its clients. With five offices worldwide and regulations in multiple locations, they offer clients the ability to trade in various markets, including FX, indices, commodities, and shares.

Eightcap is classified as an average-risk broker, with an overall Trust Score of 73 out of 99. They offer the following features:

• Forex Trading

• CFD Trading

• Cryptocurrency Trading

• Social Trading/Copy-Trading

• A total of 326 Tradable Symbols

• A total of 45 Forex Pairs

They provide two types of accounts: Raw and Standard, each with its own commission and fee structure. Standard accounts have fees built into the spread, while Raw accounts have fees incorporated into a commission. In additional charge that should be taken into account is the overnight fee, which represents the interest incurred when keeping a position open overnight in trading.

As an exclusive MetaTrader broker, Eightcap provides access to both MetaTrader 4 and the newer MetaTrader 5 platforms developed by 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.

Trading instruments

Bespoke Funding offers a range of trading instruments including forex pairs, commodities, indices, and cryptocurrencies. The leverage available for trading varies from 1:10 up to 1:100, depending on the specific funding program you are participating in.

Trading fees

Trading commission:

Education & Support for traders

When it comes to educational content, Bespoke Funding does not offer any on its website. However, they do have a blog section where traders can find general information on topics such as planning and strategizing, fundamental analysis, risk management, and trading psychology.

Furthermore, there is a thread on ForexFactory called "PROP FIRM HUB" initiated by MasterrMind, where Bespoke Funding is frequently discussed and mentioned.

Traders' Feedback on Bespoke Funding

Bespoke Funding has garnered outstanding reviews from traders. According to Trustpilot, they have received a wide range of positive feedback and comments from their community, achieving an excellent score of 4.7/5 based on 91 reviews.

One notable aspect is their dependable support team, which promptly provides all the necessary information whenever traders require assistance through their live chat feature.

Furthermore, a user shared their positive experience, mentioning that Bespoke Funding demonstrated genuine concern for their clients by assisting them during a personal issue. Such feedback reflects positively on the proprietary trading firm.

Social Media Presence

Bespoke Funding maintains an active presence on various social media platforms:

They have a Twitter account with a following of 15.6k. Their Instagram account has gathered 53.7k followers. On Facebook, they have a page with 172 followers. Additionally, Bespoke Funding operates a Discord channel with a community of 7,564 members, providing a platform for traders to connect and communicate.

Support

For any queries or missing information, you can refer to the FAQ page on the Bespoke Funding website.

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

Furthermore, their website features an active live chat support team that promptly assists traders whenever they require support.

Summary

In summary, Bespoke Funding is a reputable proprietary trading firm that offers traders the opportunity to choose from three distinct funding programs: Classic, Rapid, and One-step challenge accounts.

Classic challenge accounts involve a two-phase evaluation process, requiring completion of both phases to become funded and eligible for profit splits. Traders must achieve profit targets of 8% in phase one and 5% in phase two, while adhering to realistic trading objectives with a maximum daily loss of 5% and maximum loss of 10%. By participating in classic challenge accounts, traders can earn 80% profit splits and have the option to scale their accounts.

Similarly, Rapid challenge accounts follow a two-phase evaluation structure, where traders must achieve profit targets of 8% in phase one and 5% in phase two. The trading objectives include a maximum daily loss of 5% and maximum loss of 8%. Successful participants can earn 80% profit splits and have the ability to scale their accounts.

For One-step challenge accounts, traders undergo a single-phase evaluation, aiming to reach a profit target of 10% before becoming funded. With maximum daily loss and maximum loss rules set at 4% and 5% respectively, these accounts offer a realistic trading opportunity. Traders can earn 75% profit splits and have the potential to scale their accounts.

Bespoke Funding is highly recommended for those seeking a prop firm with transparent trading rules. However, it is important to note the lot size limitations and the prohibition of the martingale trading strategy. Considering their offerings and reputation, Bespoke Funding stands as one of the leading prop firms in the industry.