Review
Bespoke Funding
“Bespoke Funding Review: Unlocking Tailored Financial Solutions”
“Bespoke Funding: Unlocking Unique Funding Opportunities for Traders Globally with Remote Capital Management and Cutting-Edge Technology”
Bespoke Funding endeavors to establish distinctive funding prospects for global traders by providing accessible pathways for individuals to become professional, funded traders capable of remotely managing their capital. The company has developed a user-friendly interface incorporating cutting-edge technology from the industry’s leading providers.
Bespoke Funding operates as a proprietary trading firm, driven by a fervent commitment to uncovering latent potential within the proprietary trading sector. Their primary objective is to generate exclusive funding avenues for traders across the globe.
Bespoke Funding is a privately-owned proprietary trading firm dedicated to discovering latent potential within the proprietary trading industry. Our primary objective is to establish distinctive funding prospects for traders across the globe, fostering accessible pathways for individuals to become proficient and funded traders capable of remotely managing their capital. We offer traders the opportunity to operate with funding amounts of up to $4,000,000 and retain up to 80% of the profits generated. This can be accomplished through the trading of forex pairs, commodities, indices, and cryptocurrencies.
Who are Bespoke Funding
Bespoke Funding is a privately-owned company established on September 26, 2022, providing tailored financial solutions. Their range of funding programs allows traders to select from two two-step evaluation programs and a one-step evaluation program. The company operates from its headquarters in London, offering traders the opportunity to access account sizes of up to $500,000 in balance and profit splits of up to 80%. Bespoke Funding has formed a strategic partnership with Eightcap, serving as its affiliated broker.
Their headquarters are located at Gemma House, Lilestone Street, London, England, NW8 8SS.
Zak Wilding and Lewis Kaler are co-founders of Bespoke Funding.
Funding 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.
Phase one of the evaluation process necessitates traders to achieve an 8% profit target without exceeding a maximum daily loss of 5% or a maximum loss of 10%. There is no time constraint for completing phase one, allowing traders to take as long as needed. However, they must engage in a minimum of three trading days to advance to phase two.
Phase two of the evaluation process requires traders to achieve a 5% profit target without surpassing the 5% maximum daily loss or 10% maximum loss thresholds. Similar to phase one, there is no time limit for completing phase two, but traders must engage in a minimum of three trading days to progress to a funded account.
Upon successful completion of both evaluation phases, traders are granted a funded account with no profit targets. The only requirement is to adhere to the maximum daily loss of 5% and maximum loss of 10% rules. The initial payout from the funded account occurs 14 calendar days after the first position is taken, and subsequent withdrawals can be made every two weeks. Traders will receive 80% of the profits made on their funded account as their profit split.
Classic challenge accounts also include a scaling plan. Traders must achieve a payout of 8% or more within a four-month period, with at least three of the four months being profitable. Upon meeting these criteria, the trader’s account balance will be increased by 40% of the original amount.
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
- The profit target represents a predetermined percentage of profit that traders must achieve before they can successfully complete an evaluation phase, withdraw profits, or expand their trading account. During Phase 1, the profit target is set at 8%, while Phase 2 requires a profit target of 5%. However, funded accounts are not subject to profit targets.
- The maximum daily loss refers to the maximum amount of loss a trader can experience within a single day before their account is considered in violation. Regardless of the size of the trading account, the maximum daily loss is capped at 5%.
- Similarly, the maximum loss refers to the maximum cumulative loss a trader can incur overall before their account is considered in violation. All account sizes adhere to a maximum loss limit of 10%.
- The minimum trading days represent the minimum duration during which traders must actively trade before they can successfully complete an evaluation phase or request a withdrawal. Both evaluation phases require a minimum trading period of three days.
- The lot size limit imposes specific lot size requirements for various trading instruments. These requirements are typically based on the initial account balance of the proprietary firm account. Depending on the trader’s account size, there are predetermined maximum lot sizes for different currency pairs, as follows:
- $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
The restriction on martingale strategies entails that traders are prohibited from utilizing any form of martingale strategy in their trading activities.
Third-party copy-trading risk highlights the potential consequences associated with utilizing copy-trading services from external providers. It is important to note that these services may already be used by other traders employing identical trading strategies. Consequently, utilizing such third-party copy trading services may jeopardize the approval of a funded account or withdrawal if it exceeds the maximum capital allocation rule.
Third-party EA risk emphasizes the potential risks of using a third-party EA (Expert Advisor). When using a third-party EA, other traders may be already utilizing the same trading strategy. As a result, employing a third-party EA may result in the denial of a funded account or withdrawal if it exceeds the maximum capital allocation rule.
Rapid challenge account
Bespoke Funding’s Rapid Challenge account is designed to identify and reward talented traders for their consistency. It consists of two evaluation phases and offers a 1:100 leverage. In the first phase, traders must achieve an 8% profit target without exceeding a maximum daily loss of 5% or a maximum loss of 8%. There are no specific requirements for the number of trading days in this phase. To move on to the second phase, traders only need to reach the 8% profit target while adhering to the daily and maximum loss limits. In the second phase, traders need to attain a 5% profit target while staying within the 5% maximum daily loss and 8% maximum loss boundaries. Similar to the first phase, there are no constraints on the number of trading days. Successful completion of both evaluation phases grants traders a funded account with no specific profit targets. The only requirements are to adhere to the 5% maximum daily loss and 10% maximum loss limits. The initial payout occurs 14 calendar days after placing the first position in the funded account, and subsequent withdrawals can be submitted bi-weekly. The profit split for the funded account is set at 80%, based on the profits generated. Rapid Challenge accounts also follow a scaling plan, where traders can increase their account balance based on their performance within a four-month period.
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
- The profit target is a predetermined percentage of profit that traders must achieve before they can successfully complete an evaluation phase, withdraw profits, or increase the size of their trading account. Phase 1 requires reaching a profit target of 8%, while Phase 2 has a profit target of 5%. Funded accounts do not have specific profit targets.
- The maximum daily loss refers to the maximum amount of loss a trader can incur in a single day before violating the account’s rules. For all account sizes, the maximum daily loss is set at 5%.
- The maximum loss represents the maximum cumulative loss a trader can experience before violating the account’s rules. Regardless of account size, the maximum loss allowed is 8%.
- The lot size limit dictates that traders must adhere to specified lot sizes for specific trading instruments. These limits are typically determined based on the initial account balance of the proprietary firm account. The maximum number of lots a trader can open across all pairs at any given time depends on their account size, as follows:
- $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
The prohibition of martingale strategies means that traders are not permitted to employ any form of martingale strategy during their trading activities.
The risk associated with third-party copy trading arises from the possibility that other traders are already utilizing the same trading strategy through the third-party copy trading service. Consequently, by using such a service, there is a potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.
The risk associated with third-party EA usage stems from the fact that other traders may also be utilizing the same trading strategy through the third-party EA. Therefore, utilizing a third-party EA carries the risk of being denied a funded account or withdrawal if the maximum capital allocation rule is surpassed.
One-step challenge account
Bespoke Funding’s One-Step Challenge account is aimed at identifying consistent traders through a one-phase evaluation period with a 1:10 leverage. Traders are required to achieve a 10% profit target without exceeding a maximum daily loss limit of 4% or a maximum loss limit of 5%. There are no specific requirements for the number of trading days in this phase. Upon successful completion of the evaluation phase, traders are granted a funded account with no specific profit targets. They must, however, adhere to the maximum daily loss limit of 4% or the maximum loss limit of 5%. The initial payout can be requested at any time, and subsequent withdrawals can be made every 30 calendar days. The profit split for the funded account is set at 75%, based on the trader’s earned profit. One-Step Challenge accounts also include a scaling plan.
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
- The profit target refers to a specific percentage of profit that traders must achieve before completing an evaluation phase, withdrawing profits, or expanding their accounts. In the one-step challenge, the profit target is set at 10%. However, funded accounts do not have any profit targets.
- Maximum daily loss signifies the maximum amount of loss a trader can incur in a single day without violating the account terms. Regardless of the account size, the maximum daily loss allowed is 4%.
- The maximum loss represents the maximum cumulative loss a trader can experience before violating the account terms. For all account sizes, the maximum loss limit is set at 5%.
- Lot size limit dictates the specific lot sizes traders must adhere to when trading various instruments. These lot sizes are typically determined based on the initial account balance of the proprietary firm account. The maximum number of lots a trader can open across all currency pairs depends on their account size, as follows:
- $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
The prohibition of martingale strategies implies that traders are not allowed to employ any form of martingale strategy while engaging in trading activities.
Third-party copy trading risk refers to the potential risks associated with utilizing copy trading services provided by external parties. It is important to consider that other traders might already be using the same trading strategy through the third-party service. By using such a 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 denotes the risks associated with using a third-party Expert Advisor (EA) for trading purposes. It is essential to be aware that other traders might already be employing the same trading strategy through the third-party EA. Using such an EA carries the potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is surpassed.
What makes Bespoke different
Bespoke Funding distinguishes itself by offering three unique funding programs: Classic Challenge, Rapid Challenge, and One-Step Challenge accounts. These programs cater to different trader needs and offer flexibility in trading styles, including trading during news events, overnight positions, and weekends. However, they do have specific restrictions like lot size limits and a prohibition on martingale strategies.
Classic Challenge accounts follow a two-phase evaluation process with relatively modest profit targets and no specific trading day requirements.
Rapid Challenge accounts also involve a two-phase evaluation process with low-profit targets and no minimum or maximum trading day restrictions. They also feature a scaling plan.
One-Step Challenge accounts require only one evaluation phase with a reasonable profit target and no specific trading day requirements. They also include a scaling plan.
In summary, Bespoke Funding stands out by offering three distinct funding programs with practical trading objectives and conditions for payouts.
Is getting capital realistic
Bespoke Funding offers realistic capital opportunities through its funding programs. Classic Challenge accounts have attainable profit targets and reasonable maximum loss limits. Rapid Challenge accounts feature realistic profit targets and slightly below-average maximum loss limits. One-Step Challenge accounts present an average profit target and standard maximum loss rules. These factors make Bespoke Funding an excellent choice for securing funding with practical trading objectives.
Payment Proof: Bespoke Funding allows traders to request payouts after specific timeframes, and there are examples of payment proof available on their Discord channel under the “Payout Proof” section. Traders can find evidence of successful withdrawals to build trust in the platform.
Which brokers does MyFundedFX use
Bespoke Funding has integrated its technology with Eightcap, an ASIC-regulated broker based in Melbourne, Australia. Eightcap offers various financial instruments, including forex, indices, commodities, and cryptocurrencies, with a global presence and regulatory oversight in multiple jurisdictions. They provide two account types, Raw and Standard, with different fee structures and support the MetaTrader 4 and MetaTrader 5 trading platforms.
Trading Instruments and Fees: Bespoke Funding allows trading in forex pairs, commodities, indices, and cryptocurrencies with leverage ranging from 1:10 to 1:100, depending on the funding program. Trading fees may include commissions and spreads, and traders should be aware of overnight fees for holding positions.
Education and Support
Bespoke Funding’s website features a blog with general trading information, and they provide a well-organized dashboard for risk management. They offer a comprehensive FAQ page and can be reached through social media channels, email, and live chat for support.
For further assistance, their dedicated support team can be reached through their official social media channels. Alternatively, direct communication can be initiated by contacting them via email at support@bespokefundingprogram.com.
Additionally, to ensure timely and efficient support, Bespoke Funding offers an active live chat feature on their website, enabling users to promptly obtain the necessary assistance whenever required.
Clients review
Bespoke Funding has received positive feedback in reviews, with a Trustpilot score of 4.7/5 based on 91 reviews. Clients appreciate the responsive support team and the trading conditions offered by Eightcap, the associated broker. The company’s commitment to caring for its clients is also highlighted in testimonials.
Social media stats
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.
Conclusion
In summary, Bespoke Funding is a legitimate proprietary trading company that offers traders the option to choose from three distinct funding programs: Classic, Rapid, and One-step challenge accounts.
The Classic challenge accounts involve a standard two-phase evaluation process, where traders must successfully complete both phases to become funded and eligible for profit sharing. Bespoke Funding sets realistic trading goals, requiring traders to reach profit targets of 8% in the first phase and 5% in the second phase, while adhering to maximum daily loss limits of 5% and maximum loss limits of 10%. By opting for Classic challenge accounts, traders can earn 80% profit splits and have the opportunity to grow their accounts.
Similarly, the Rapid challenge accounts follow the same two-phase evaluation structure as the Classic accounts. Traders must achieve profit targets of 8% in the first phase and 5% in the second phase, with regulations specifying a maximum daily loss of 5% and a maximum loss of 8%. By choosing Rapid challenge accounts, traders can earn 80% profit splits and retain the flexibility to expand their accounts.
On the other hand, the One-step challenge accounts require traders to complete a single evaluation phase to secure funding and become eligible for profit sharing. Bespoke Funding sets a realistic trading goal of reaching a 10% profit target during this evaluation phase. Traders must adhere to a maximum daily loss limit of 4% and a maximum loss limit of 5%. By selecting One-step challenge accounts, traders can earn 75% profit splits and also have the opportunity to grow their accounts.
I strongly recommend Bespoke Funding to individuals in search of a proprietary trading company with transparent and well-defined trading rules. It’s important to note that the firm has restrictions on lot sizes and does not permit the use of the martingale trading strategy. After thoroughly assessing all aspects of what Bespoke Funding has to offer, it’s clear that they distinguish themselves as one of the prominent proprietary trading firms in the industry.
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