What is Bespoke Funding Program?
The Bespoke Funding Program is a unique opportunity offered by Bespoke Funding, a proprietary trading firm based in London, England.
Through a partnership with Eightcap, their sole broker, Bespoke Funding facilitates trading in forex pairs, commodities, indices, and cryptocurrencies, providing traders with account sizes of up to $500,000.
Their program is highly attractive due to the profit splits, allowing successful traders to take home up to 80% of their earnings.
By paving the way for traders to manage substantial amounts of capital remotely, up to a maximum allocation of $4,000,000, the company broadens the horizon for traders worldwide, highlighting its commitment to discovering untapped potential in the prop trading industry.
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How Bespoke Funding Works
Bespoke Funding offers a Classic Challenge account designed to evaluate the skills and performance of traders over two phases while providing attractive conditions and rewards. This account allows traders to leverage their positions up to 60 times, potentially amplifying their profits.
Once a trader has a funded account, there are no profit targets. However, they must continue to respect the 5% daily drawdown and 10% maximum loss rules. Traders must also place at least one trade every 30 days to maintain their accounts. Failing to do so could lead to the loss of the funded account.
You can request their first payout 14 days after placing the first trade on your funded account. Subsequent payouts can be requested on a bi-weekly basis. The payout is calculated based on an 80% profit split.
Bespoke Funding is committed to honoring the agreed-upon profit split, even if traders breach the account rules, provided they have generated profits.
Who is Bespoke Funding Best For?
Bespoke Funding is best suited for a wide range of traders, given its unique balance-based drawdown and flexible challenge structures.
The Beginner Trader
With no minimum trading days requirement and manageable profit targets during evaluation periods, Bespoke Funding can be an excellent choice for those new to trading and looking for growth opportunities.
The structure of the two-phase evaluation period provides an ideal learning and growth opportunity. Using balance-based drawdown also gives beginners a more forgiving environment than equity-based drawdown.
The Day Trade
Day traders might find the trading conditions under Bespoke Funding favorable. The maximum loss and balance-based drawdown flexibility can be particularly useful for day traders with higher volatility strategies.
The Swing Trader
Serious traders can appreciate Bespoke Funding’s unique feature that automatically scales the trading account once the profit targets are hit. Traders looking for a good scaling period will find this feature particularly advantageous.
The Bespoke Funding Program provides three distinct challenges, namely:
- The Classic Challenge
- Rapid Challenge
- 1-Step Challenge
Bespoke Funding Classic Challenge
The Classic Challenge, a favorite among traders, employs a two-phase evaluation period to identify and reward traders based on consistency.
Here, traders must trade for at least three days during each phase, with no maximum trading day requirements, reducing stress and promoting calm decision-making.
Phase 1 necessitates reaching an 8% profit target while adhering to a 5% daily drawdown and a 10% maximum loss limit.
Phase 2, in contrast, sets a lower profit target of 5% while maintaining the same drawdown and loss limits.
Once the challenge credentials are met, traders earn a funded account and the freedom to trade without a profit target, subject to the basic rules of a 5% daily drawdown and a 10% maximum loss. This creates immense opportunities for traders to earn and grow.
All profits are payouts following an 80% split and are available bi-weekly after the first payout, which is processed 14 days post the first trade.
- Careful adherence to lot size limits
- Rules against using Martingale strategies
- Caution against third-party copy trading
- EA risk is paramount to maintaining the account.
Bespoke Funding Rapid Challenge
The Rapid Challenge offered by Bespoke Funding is another unique avenue designed to nurture and reward dedicated and skillful traders. Unlike the Classic Challenge, the Rapid Challenge has the advantage of relaxed trading rules without any minimum trading days requirement.
This promotes a faster, more dynamic forex trading style, suiting those traders who prefer a brisk pace. Traders undergo a two-phase evaluation, each featuring distinct objectives.
In the first phase, traders aim to achieve an 8% profit target without exceeding a 5% daily drawdown or an 8% maximum loss.
The second phase lowers the profit target to 5% but maintains the same daily drawdown and maximum loss rules. Completing these phases leads to a funded account where realistic trading objectives apply – maintaining a 5% daily drawdown and an 8% maximum loss.
To ensure account activity, at least one trade on a 30-calendar-day basis is mandatory, and the absence of such can lead to the loss of the funded account. The payout structure here is also rewarding, with 80% profit shares, starting 14 days after the first trade on the funded account and proceeding bi-weekly.
- Traders are prohibited from using the Martingale trading strategy.
- Additionally, third-party copy trading and EA risks are highlighted, as they can lead to traders adopting identical strategies and potentially breaching the maximum capital allocation rule.
Bespoke Funding 1-Step Challenge Account
The Bespoke Funding 1-Step Challenge Account is an innovative addition to the Prop Trading industry. It is designed for adept and dedicated traders who can demonstrate their trading acumen in a single-phase challenge.
Unlike the industry-standard two-phase evaluation process seen in the Classic Challenge Accounts and Rapid Challenge Accounts, the 1-Step Challenge demands a profit target of 10%, with the tolerance of not exceeding a 4% maximum daily loss and a 5% overall maximum loss.
Notably, this one-phase evaluation challenge does away with the maximum trading day limitations, providing traders the flexibility they need to perform at their best.
Upon completing this challenge, the Bespoke Funding program rewards traders with a funded account. After that, no profit targets are imposed, and traders need only comply with the 4% maximum daily loss and the 5% maximum loss rules.
The opportunity for the first payout is available immediately, with subsequent payouts being eligible for request every 30 calendar days. The trader benefits from a 75% profit split, reinforcing the lucrative funding opportunities offered by Bespoke Funding.
- The rules for the 1-Step Challenge Account are straightforward.
- No martingale strategies are permitted, and lot size limits are set according to the original account balance.
- Depending on their account size, traders can open maximum lots ranging from 4 (for a $10,000 balance) up to 160 (for a $400,000 balance).
What Makes Bespoke Funding Different from Other Prop Firms?
In addition to the unique challenges Bespoke Funding offers, it is worth noting that traders are also provided with a host of beneficial features designed to enhance their trading experience:
This feature is a standout advantage for profitable and swing traders. Unlike the industry-standard equity-based drawdown, a balance-based drawdown system is less volatile and provides a more stable reference for risk management.
Auto Close Feature
Another standout feature is the auto-close function that kicks in when traders hit their profit targets during the evaluation period. All trades automatically close when a trader qualifies for Phase-2 or a Funded Account, providing a hassle-free transition between phases.
Instant Challenge Credentials
Traders will appreciate that challenge credentials are instantly available with all funding programs and challenge phases, removing any potential waiting period and allowing traders to start their challenges promptly.
Fast Payouts and Account Reset
Payouts and account resets are processed within a 24-hour, reducing downtime and allowing traders to resume trading swiftly.
These features testify to Bespoke Funding’s commitment to providing its clients with seamless and advantageous trading conditions.
These features and their unique challenge structure make Bespoke Funding an attractive option for talented traders seeking funding opportunities.
Bespoke Funding: Customer Support and User Experience
Bespoke Funding takes customer support and user experience very seriously, understanding that quality service is paramount to a trader’s overall experience and success.
From the initial onboarding process to ongoing communication and assistance, Bespoke Funding’s support team is dedicated to ensuring every trader’s smooth and hassle-free experience.
Highly Responsive Customer Care
The customer support team at Bespoke Funding is knowledgeable, professional, and highly responsive, readily available to answer any questions and address concerns.
Whether it’s an inquiry about the trading challenge, understanding maximum loss rules, or technical issues with the trading platform, the support team is well-equipped to provide prompt and clear answers.
Beyond customer support, Bespoke Funding is committed to providing an intuitive and user-friendly trading environment. The trading platform is designed with user experience in mind, ensuring it’s easy to navigate even for novice traders.
Clear instructions, informative materials, and practical trading tools are all part of the platform, designed to assist traders in meeting their objectives.
The instant credentials feature is part of Bespoke Funding’s commitment to a superior user experience. With immediate access to the trading platform after purchase, traders can start their journey without delay. Also, traders can count on quick processing for payouts and account resets within 24 hours, minimizing downtime and keeping the trading activity fluid.
Bespoke Funding Program Review Final Thought
Bespoke Funding paves the way for traders to tap into lucrative opportunities in the market swiftly and effectively. Their rapid funding process and the 14-Day Payout feature present a compelling proposition for traders seeking trust, reliability, and speed in their trading journey.
The company’s commitment to transparency and its relaxed trading rules help foster a stress-free environment, making it an optimal choice for those just starting their trading journey and seasoned veterans.
To make the beginning of your trading venture even more attractive, we’re pleased to offer you an exclusive discount.
Apply the coupon code modestmoney at checkout to receive a 10% discount on your first challenge account. Dive into the thrilling world of prop trading with Bespoke Funding today, and embark on a path of potential financial growth and success.
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