Bespoke Funding Program Review: Are They Legit?

Hi, welcome to my Bespoke Funding Program review.

This review will cover their fees, funding program, highlights, payout and more.

There are many aspects to keep in mind when checking the reliability of a prop firm. I have done my best to cover all of them to prepare the following Bespoke Funding review.

Let’s begin.

Bespoke Funding Program Pros and Cons

Pros

• Longer evaluations for unrestricted trading
• High 4.4/5 Trustpilot rating
• Maximum $4,000,000 capital allocation
• Rich profit-sharing ratio of 80%
• Biweekly payouts
• Allowed overnight and weekend holdings
• Authorization for news trading
• Trading account scaling
• Trade Overnight – News Trading
• Up to 1:100 leverage
• Forex, commodities, indices, and cryptocurrency are traded.
• No daily trading minimum (Rapid Challenge) 

Cons

• No free trial
• Lot size restrictions 

What is Bespoke Funding Program?

Bespoke Funding is a proprietary company that was established on September 26, 2022. It provides traders with two distinct funding programs: the Classic and the Rapid two-step approval processes.

With a base value of up to $400,000 and profit-sharing rates as high as 80%, the London-based company offers account alternatives. Bespoke Funding, whose headquarters are at Gemma House, Limestone Street, London, England, NW8 8SS, acts as a broker for ThinkMarkets. 

The goal of Bespoke Funding, a private trading company, is to identify untapped potential in the prop trading industry. Their goal is to create outstanding funding opportunities for traders all over the world, offering easily accessible paths for people to become skilled, financed traders with the capacity to manage their money from a distance.

The company gives traders the chance to trade with a $4,000,000 maximum capital and up to 80% profit split potential. Trading a variety of financial assets, including FX pairings, commodities, indexes, and cryptocurrencies, can help achieve this. 

CEO (Chief Executive Officer) of Bespoke Funding

The people who founded Bespoke Funding are Lewis Kaler and Zak Wilding. Please take note that we will be offering more information on their co-founders later on. Stay focused! 

Bespoke Funding Funding Programs and Challenges: Rules and Requirements 

• Classic Challenge Accounts
• Rapid Challenge Accounts
• Classic Challenge Accounts

The principal aim of the Bespoke Funding classic challenge account is to identify proficient and committed traders who receive acknowledgment and incentives for their steady performance during the two-stage assessment phase. With a leverage ratio of 1:60, trading is possible with the conventional challenge account.

• Account Size:
  • $10,000
    • Price: $129
  • $25,000
    • Price: $239
  • $50,000
    • Price: $329
  • $100,000
    • Price: $529
  • $200,000
    • Price: $949
  • $300,000
    • Price: $1,409
  • $400,000
    • Price: $1,879

In my experience I noticed that in the first assessment phase, traders must make a profit target of 8% while ensuring that they do not exceed the daily maximum loss of 5% or the maximum loss cap of 10%.

There are no hard deadlines for phase one, giving traders freedom, and there are no limitations on the total number of trading days. However, to move on to phase two, at least three trading days must pass.

Similarly, in the second assessment phase, traders must meet a profit target of 5% while adhering to the same guidelines regarding a 5% daily maximum loss and a 10% maximum loss. Similar to phase one, there are no restrictions on the total number of trading days; however, to proceed to a funded account, three trading days must pass.

Upon completion of both assessment procedures, traders are awarded a funded account with no predetermined profit targets. The only requirements are to follow the 5% daily loss barrier and the 10% total loss level.

Following the placement of the first position on the funded account, withdrawals are permitted every two weeks, with the first payout occurring 14 days later. Traders’ allocation of profits, which is based on the profits generated in their funded account, is 80%. 

Classic Challenge Account Scaling Plan

Traders in the traditional challenge accounts employ a calculated strategy in which they aim to generate a minimum return of eight percent or more over four months, with the understanding that at least three of those months will be profitable. After the transaction is completed successfully, the initial account amount is increased by 40%.

For instance, an account with $200,000 upon opening may rise to $280,000 after four months. Every four months, this growth pattern is maintained with additional increases. The trading instruments available for traditional challenge accounts include indexes, cryptocurrencies, commodities, and currency pairs. 

Classic Challenge Account Rules

• Profit Targets: To move on throughout the assessment rounds, traders must fulfill specific profit targets. Phase 1 has an 8% profit target that must be met, and Phase 2 has a 5% profit target. Conversely, funded accounts don’t have any set objectives for making money.
• The term “maximum daily loss” describes how much a trader can lose in a single day without going over their account limit. Every account, no matter how big or little, can lose up to 5% a day.
• Maximum Loss: The maximum amount of money that can be lost before an account is deemed to be in violation is indicated by this term. For all account sizes, the maximum permissible loss limit is 10%.
• Minimum Trading Days: To complete an assessment phase or seek a withdrawal, traders must fulfill a minimum number of trading days. Phases 1 and 2 both call for a minimum of three trading days.
• Lot Size Limit: For certain trading products, traders must adhere to specified lot sizes, which are often based on the starting balance of the proprietary company 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: Traders are expressly forbidden from using Martingale techniques.
• Risk of Third-Party Copy Trading: By using third-party copy trading services, you run the risk of using the same trading tactics as other traders. If your strategy exceeds the maximum capital allocation rule, you could be denied access to a funded account or have your withdrawal request denied.
• Risk of Using Third-Party EAs: When using third-party EAs, traders run the risk of using the same trading strategies as other traders. If this happens, the maximum capital allocation rule may be broken, which could result in the withdrawal or rejection of a paid account. 

Rapid Challenge Account

The main goal of the Bespoke Funding fast challenge account is to identify knowledgeable and experienced traders who do well throughout the two-phase assessment period and then award them appropriately. Trading with a leverage ratio of 1:100 is possible with the fast challenge account. 

• Account Size:
  • $10,000
    • Price: $99
  • $25,000
    • Price: $195
  • $50,000
    • Price: $304
  • $100,000
    • Price: $499
  • $200,000
    • Price: $919
  • $300,000
    • Price: $1,369
  • $400,000
    • Price: $1,849

In Phase One of the evaluation process, traders aim to make 8% profit targets while making sure they don’t go over the 5% daily loss cap or the 8% maximum loss cap.

During this phase, there are no set guidelines for the minimum or maximum number of trading days. The 8% profit target must be met while closely adhering to loss caps to advance to Phase Two.

The profit target is set at 5% during Evaluation Phase Two, with a corresponding 5% limit on daily losses and an 8% limit on total losses. Trade days can be of any length, with no set minimum or maximum, giving time management freedom. Reaching the funded status requires only meeting the 5% profit target and staying under the designated loss restrictions.

After both review procedures are finished, the account will be funded without any predetermined profit goals. The 5% daily loss cap and the 10% overall loss cap must only be followed by traders.

After the initial position is established on the funded account, the first payment is made 14 days later, and withdrawals are then permitted every two weeks. The earnings generated in a trader’s funded account determine how much of an 80% profit division they are entitled to.

Rapid Challenge Account Scaling Plan

With rapid challenge accounts, traders use a scaling approach whereby they aim to pay out at least 8% of their total during three of the four months that they are profitable. 40% more will be added to the initial account amount after everything is finished successfully.

For instance, a $200,000 initial investment can increase to $280,000 over four months, with further increases occurring every four months after that. For rapid challenge accounts, trading instruments include indices, cryptocurrencies, commodities, and FX pairings. 

Bespoke Funding’s Special Features

• Benefit of Balance-Based Drawdown: Successful traders who participate in swing trading can benefit from Bespoke Funding’s balance-based drawdown. This method departs from the industry standard of employing equity-based drawdown.
• automated Close Feature: An automated closure mechanism is activated during evaluation periods if profit targets are met. All deals automatically close, indicating that the account is financed or eligible for phase two.
• Instant Challenge Credentials: This streamlines the onboarding process by giving traders instant challenge credentials for all funding programs and challenging stages.
• Quick Payouts: Account resets and payouts are finished in less than a day. This fast turnaround time allows traders to immediately resume trading within 24 hours. 

Bespoke Funding Brokers: Do They Use a Reliable Platform? 

It is imperative that you carefully evaluate the trading requirements offered by proprietary (prop) trading companies to select one that will work well with your FX trading strategy. The principal aim is to assess the legitimacy of the trading terms provided by these firms.

The author suggests that it is crucial to carefully study the trading standards set by the organization when thinking about a prop firm that offers a profitable profit split on a well-capitalized trading account.

For instance, traders may find it difficult to efficiently meet strict monthly profit targets and maximum drawdown constraints when faced with an attractive-looking profit split.

The viability of receiving capital from different challenge accounts offered by exclusive trading companies. The statement emphasizes that traditional challenge accounts are a more sensible choice for traders since they have more lenient maximum loss criteria (5% maximum daily and 10% maximum loss), as well as smaller profit targets (8% in phase one and 5% in phase two).

In a similar vein, quick challenge accounts are considered realistic due to their somewhat below-average maximum loss restrictions and reachable profit targets.

To sum up, I recommend Bespoke Funding to traders looking for funding. My recommendation is based on the availability of two funding programs with reachable payout conditions and trading targets. Bespoke Funding is a good option for those of us seeking support for our forex trading ventures because it offers a reasonable and well-rounded set of requirements.

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 imperative to carefully evaluate the trading specifications offered by proprietary (prop) trading companies to select one that is in line with the FX trading methodology. The focus is on assessing the legitimacy of the trading conditions that these firms provide.

The author suggests that, despite the alluring high percentage profit split provided on a well-capitalized trading account, it is crucial to carefully study the trading requirements specified by the firm when thinking about a prop firm.

For instance, traders may find it challenging to appropriately meet the conditions of a seemingly large profit split if it has tight monthly profit targets and maximum drawdown limits.

The viability of receiving capital from different challenge accounts offered by exclusive trading companies. The statement emphasizes that traditional challenge accounts are a more sensible choice for traders since they have more lenient maximum loss criteria (5% maximum daily and 10% maximum loss), as well as smaller profit targets (8% in phase one and 5% in phase two).

Similarly, rapid challenge accounts are considered realistic because their maximum loss rules are marginally below average and their profit targets are appropriate.

Finally, for traders like me seeking funding, I highly recommend Bespoke Funding as an excellent choice. This recommendation is based on the existence of two funding programs with payout conditions and trading targets that are within reach. 

Bespoke Funding offers a reasonable and well-rounded set of requirements for my forex trading ventures. Additionally, they provide all clients, including myself, with access to a well-crafted dashboard, making it easier for me to manage risk under their statistical goals.

Bespoke Funding Program Payout:

On September 26, 2022, Bespoke Funding was formally founded.

Withdrawal Schedules: After 14 days, traders with Classic & Rapid challenge accounts can request their first withdrawal. There are payouts every two weeks.

Once financed, there is no need to meet profit targets to receive a payout in the Classic or Rapid challenge accounts.

Payout Proof Examples: The majority of the successful payout demonstrations can be seen in the “Payout Proof” section of Bespoke Funding’s Discord channel.

A platform for traders to exchange and verify payment evidence is the Discord channel. 

Bespoke Funding Customer Support: 

Bespoke Funding is also present on other social media platforms.

1. Twitter: 

With 43.7k followers, Bespoke Funding has built a community on Twitter. This platform serves as a dynamic setting for real-time news, updates, and interactions with traders. By following their Twitter accounts, traders can stay up to date on the latest developments and take part in conversations with people who have similar interests. 

2. Instagram: 

With 62.2k followers on Instagram, Bespoke Funding is a growing account. This platform offers a unique perspective on the company’s efforts and successes while providing a visually engaging experience within the trading world. It keeps traders connected to the community and acts as a spur for their innovation. 

3. Facebook: 

Bespoke Funding is a Facebook page that has amassed 1.6k followers. This platform serves as a dynamic setting for real-time news, updates, and interactions with other traders. By merely subscribing to their Facebook Page, traders can obtain current information and engage in discussions with those who have interests in common.

4. FAQ Page and Support:

On its website, Bespoke Funding provides a FAQ section aimed at answering common questions and providing further information.

Make contact via a range of social media channels:

Contact through Social Media: Bespoke Funding’s support staff can be reached through their social media accounts.

Email Address: Please send an email to [email protected] to get in direct contact with the support team.

Online support delivered via text-based real-time communication:

On its website, Bespoke Funding offers a dynamic live chat support feature.

This is a help desk with live chat. 

What Makes Bespoke Funding Unique? 

Bespoke Funding sets itself apart from other well-known proprietary firms with two exclusive funding programs: the accounts for the Classic Challenge and the Rapid Challenge.

Most notably, they impose little restrictions on trading strategies, allowing for activities like trading amid news events and holding onto positions over the weekend and into the next day.

Regarding lot size limitations and the prohibition on martingale strategies, traders need to proceed with prudence.

Applicants for Bespoke Funding’s Classic Challenge accounts must go through a two-phase screening process to be eligible for incentives. Phase one defined a profit target of 8%, and phase two set a profit target of 5%. These goals are backed by limitations that cap losses at 5% every day and 10% maximum overall.

In addition, it takes three trading days at the very least for both stages to advance to a funded condition. Unlike other top proprietary firms, Classic Challenge accounts have a scaling plan with lower profit targets and no maximum trading day constraints. 

FOR INSTANCE: Comparison between Bespoke Funding and Finotive Funding

• Trading Objectives:
  • Bespoke Funding
    • Phase 1 Profit Target: 8%
    • Phase 2 Profit Target: 5%
    • Maximum Daily Loss: 5%
    • Maximum Loss: 10%
    • Minimum Trading Days: 3 Calendar Days
    • Maximum Trading Period:
      • Phase 1: Unlimited
      • Phase 2: Unlimited
    • Profit Split: 80%
  • Finotive Funding
    • Phase 1 Profit Target: 7.5%
    • Phase 2 Profit Target: 5%
    • Maximum Daily Loss: 5%
    • Maximum Loss: 10%
    • Minimum Trading Days: No Minimum Trading Days
    • Maximum Trading Period:
      • Phase 1: Unlimited
      • Phase 2: Unlimited
    • Profit Split: 75% up to 95%

Bespoke Funding Reviews: What Do Their Customers Say?

Trustpilot has an amazing 3.9/5 rating based on 1,182 reviews, thanks to the positive feedback provided by a varied spectrum of community members. When traders need help, their support staff is trustworthy and will provide them with all the information they need right away via live chat. 

#1. Had some difficulties using Bespoke. handled my payouts and provided excellent customer service consistently. has had a few little setbacks along the route, but has always succeeded in the end! People only need to read the regulations and occasionally exercise a little patience if they are honest traders who don’t try to game the system.

#2. Excellent community and customer support; I heartily endorse it.

The industry can be concerning, but it is much easier if you have a sincere and encouraging support network, which Bespoke offers.

#3. Though the only issue with Bespoke is the payout delay, he paid me anyhow, so hopefully, he fixed the payout delay issue. Other than that, everything is fine.

Conclusion

In conclusion, traders can select between two distinct funding programs offered by Bespoke Funding, an established and legitimate proprietary trading company, which are the Classic Challenge & the Rapid Challenge accounts.

The Classic challenge accounts follow the commonly used two-stage assessment procedure, where traders must meet realistic profit targets of 8% in phase one and 5% in phase two. These objectives are determined by realistic trading conditions, which are further supported by limitations that set a 5% daily loss cap and a 10% overall loss cap. The possibility of achieving an 80% profit share and the ability to increase account size are what make classic challenge accounts so appealing.

The industry-standard two-phase evaluation method is likewise followed by Rapid Challenge accounts, with profit targets of 8% in the first phase and 5% in the second.

With restrictions that cap the maximum daily loss at 5% and the maximum overall loss at 8%, the trading goals are still reachable. Quick challenge accounts give traders the chance to split profits up to 80% and customize the size of their accounts.

Bespoke Funding is then suggested to someone searching for a private corporation with simple and easy-to-understand trading regulations. It is vital to recognize that lot sizes are restricted and the martingale trading strategy is prohibited.

If you want to begin your trading journey, I recommend going with CTI’s Scaling Plan. Not only will you get instant funding with them but also get access to their vast selection of tools & resources.

Upon careful consideration of every feature, Bespoke Funding emerges as one of the leading prop firms in the market, offering a compelling bundle for traders looking for a reliable platform.