“Bespoke Funding Review: Unlocking Tailored Financial Solutions”

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.

Classic challenge account:

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:

• • In the first evaluation phase, traders must achieve a profit target of 8% without exceeding a maximum daily loss of 5% or a maximum loss of 8%. There are no specific requirements for trading days in this phase. To advance to phase two, traders only need to reach the 8% profit target while adhering to the maximum daily and maximum loss limits.

    In the second evaluation phase, traders need to attain a profit target of 5% while staying within the 5% maximum daily loss and 8% maximum loss boundaries. Similar to phase one, there are no constraints on the number of trading days in this phase. To qualify for funded status, traders are only required to meet the 5% profit target while maintaining compliance with the maximum daily and maximum loss limits.

    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. Traders must achieve a payout of 8% or higher within a four-month period, with at least three out of the four months being profitable. Upon meeting these criteria, the 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 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.

The founding program options:

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

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

One-step challenge account:

During the evaluation phase, traders are expected to achieve a profit target of 10% without exceeding the maximum daily loss limit of 4% or the maximum loss limit of 5%. There are no specific requirements regarding the number of trading days. The sole condition for gaining access to a funded account is the successful attainment of the profit target.

Upon completion of the evaluation phase, traders are granted a funded account that does not entail profit targets. However, they must 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, while 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.

Additionally, one-step challenge accounts incorporate a scaling plan. Traders must achieve a payout of 8% or higher within a four-month period, with at least three of the four months being profitable. Upon meeting this requirement, the 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 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 funding different from other prop firms?

Bespoke Funding sets itself apart from most top-tier proprietary firms by providing three distinct funding programs: Classic Challenge, Rapid Challenge, and One-Step Challenge accounts. This unique offering allows traders to select the program that best suits their needs. Notably, Bespoke Funding offers considerable flexibility in trading styles, permitting trading during news events, overnight positions, and even on weekends. It is important to note, however, that there are specific restrictions in place, such as a lot size limit and the prohibition of martingale strategies.
Classic Challenge accounts at Bespoke Funding follow a two-phase evaluation process, necessitating completion of both phases to qualify for payouts. Phase one requires achieving an 8% profit target, followed by a 5% profit target in phase two. The accounts have specific risk management parameters, including a maximum daily loss of 5% and a maximum loss of 10%. Additionally, traders must engage in a minimum of three trading days in each phase before becoming funded. Unlike some of its industry counterparts, Bespoke Funding’s Classic Challenge accounts feature relatively modest profit targets and do not impose any maximum trading day requirements.

Similarly, Rapid Challenge accounts at Bespoke Funding undergo a two-phase evaluation process before traders become eligible for payouts. Phase one entails reaching an 8% profit target, followed by a 5% profit target in phase two. Risk management guidelines include a maximum daily loss limit of 5% and a maximum loss limit of 8%. Unlike Classic Challenge accounts, Rapid Challenge accounts have no minimum trading day requirements in either phase. Furthermore, these accounts also have a scaling plan in place. Comparatively, Bespoke Funding’s Rapid Challenge accounts maintain relatively low-profit targets and do not impose minimum or maximum trading day restrictions, differentiating them from other prominent proprietary firms.

Is getting Bespoke funding capital realistic?

Payment proof

Bespoke Funding was established on September 26, 2022. For Classic and Rapid accounts, traders are eligible to receive their initial withdrawal after 14 calendar days, with subsequent payouts occurring on a bi-weekly basis. In the case of one-step challenge accounts, traders may request their first withdrawal at any time, and subsequent payouts are scheduled on a 30-calendar day cycle. It is important to note that none of the three funding programs require traders to meet specific profit targets to be eligible for payout requests.

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 do Bespoke funding use?

Bespoke Funding has successfully integrated its technology with Eightcap, an ASIC-regulated broker based in Melbourne, Australia. Established in 2009, Eightcap has consistently strived to provide exceptional financial services to its clientele. With a global presence encompassing five offices and regulatory oversight in multiple jurisdictions, Eightcap offers clients worldwide the opportunity to trade various financial instruments, including FX, indices, commodities, and shares. 

Eightcap is categorized as an average-risk broker, with an overall Trust Score of 73 out of 99. Its range of offerings include:

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

The broker provides two account types, namely Raw and Standard, with commission and fee structures differing between the two. Standard accounts feature built-in spreads, while Raw accounts involve commission-based fees. Additionally, traders should consider overnight fees, which represent the interest charged for holding open positions overnight.

As an exclusive MetaTrader broker, Eightcap supports the widely recognized MetaTrader 4 and the newer MetaTrader 5 platforms developed by MetaQuotes Software Corporation.

Eightcap prides itself on delivering personalized trading experiences and maintaining an ultra-efficient technological infrastructure. This commitment has been recognized by the industry, as the broker received the prestigious Best Global Forex MT4 Broker 2020 award at the Global Forex Awards.
For trading platforms, clients can choose between MetaTrader 4 and MetaTrader 5, both of which are available at Eightcap.

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

Education and support for traders

Bespoke Funding’s website does not offer educational content. Instead, it features a blog that provides traders with general information on topics such as planning and strategizing, fundamental analysis, risk management, and trading psychology. Furthermore, on ForexFactory, there is a thread titled “PROP FIRM HUB” created by MasterrMind, where Bespoke Funding is frequently mentioned.

Moreover, Bespoke Funding offers its clients a well-organized dashboard, accessible to all, which facilitates the management of risk by incorporating statistical objectives.

Bespoke Funding provides a comprehensive FAQ page where users can access relevant information that may not be readily available elsewhere.
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.

Traders’ Comments about Bespoke Funding

Bespoke Funding has excellent feedback from reviews.

Trustpilot features a diverse range of community members who provide positive feedback, resulting in an impressive score of 4.7/5 based on 91 reviews. The company maintains a dependable support team that promptly delivers essential information through their live chat service whenever assistance is required.

The support team receives commendation from the community for their swift response times. Additionally, a community member highlights the excellent trading conditions offered by the Eightcap broker associated with the company.

Furthermore, an individual shares their positive experience with the support team, stating that despite facing personal issues, the team was more than willing to assist. This testimonial emphasizes Bespoke Funding’s commitment to caring for their clients, which reflects positively on the 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.

Conclusion 

In conclusion, Bespoke Funding is a legitimate proprietary trading firm that provides traders with the opportunity to select from three distinct funding programs: Classic, Rapid, and One-step challenge accounts.

The Classic challenge accounts are standard two-phase evaluation challenges, requiring traders to complete two phases successfully to become funded and eligible for profit splits. To obtain funding, Bespoke Funding sets realistic trading objectives, requiring traders to achieve profit targets of 8% in phase one and 5% in phase two, while adhering to a maximum daily loss of 5% and maximum loss of 10% rules. By opting for classic challenge accounts, traders can earn 80% profit splits and also can scale 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 phase one and 5% in phase two, with a maximum daily loss of 5% and maximum loss of 8% regulations. By selecting rapid challenge accounts, traders can earn 80% profit splits and retain the flexibility to scale their accounts.

On the other hand, the One-step challenge accounts involve a single evaluation phase, requiring traders to complete it to secure funding and become eligible for profit splits. To obtain funding, Bespoke Funding sets a realistic trading objective of reaching a profit target of 10% during the evaluation phase. Traders must adhere to a maximum daily loss of 4% and maximum loss of 5% rules. By choosing one-step challenge accounts, traders can earn 75% profit splits and also have the opportunity to scale their accounts.

I highly recommend Bespoke Funding to individuals seeking a proprietary trading firm with clear and transparent trading rules. However, it is important to note that the firm imposes lot size limitations and prohibits the use of the martingale trading strategy. After carefully considering all aspects of what Bespoke Funding has to offer, it is evident that they stand out as one of the leading proprietary trading firms in the industry.