Hello there; today, I’ll guide you through the Bespoke Funding Program Review.
This platform offers proprietary traders an avenue to achieve their financial aspirations within the forex market.
Through its funding initiative, the program asserts the capability to furnish each participating trader with the means to engage in forex trading using their provided capital.
This endeavor is aimed at helping you unlock your trading potential and optimize your trades by utilizing their financial resources.
Subsequently, you’ll accrue profits by the predetermined sharing arrangement, potentially paving the way for eligibility in their scaling plan, a tool that facilitates the growth of your account balance.
With their payout system, you can promptly access your earnings, swiftly transferring them to your wallet as you begin trading with your funded account.
Nevertheless, the decision to join the program should not solely be based on these assertions, particularly if you seek to explore your online trading potential.
Within this assessment, I will furnish you with comprehensive insights into the program, encompassing its essence, operational mechanics, and associated costs.
Furthermore, I will candidly present my perspective on the program’s legitimacy, determining whether it merits your investment of money and time or is a venture best avoided.
With that clarified, let’s embark on our review…
Bespoke Funding Program Review Summary
Product Name: Bespoke Funding Program.
Product Type: Proprietary Firm.
Evaluation Fee: $99.
Founders: Zak Wilding and Lewis Kaler
Official Site: https://www.bespokefundingprogram.com
Overall Rating: 7/10
My Recommendation: Not for everyone; kindly read and learn more from this review.
Also Read: Blue Guardian Capital Review
Bespoke Funding Program Review – Overview
Bespoke Funding Program is one company that claims to offer traders financial opportunities to trade in the forex market.
The program claims to enable all traders with skills to explore their trading potentials online and achieve their best profits in the forex market.
By passing their assessment test, the program promises to offer you a funded account which you will use to trade in the forex market.
With the varieties of tradable instruments, the program allows you to choose the best asset and trade using capital.
You will then earn up to 80% of the profit share and qualify for a payout of your profit every fourteen calendar days.
This enables traders to enjoy their profit share every fourteen days, especially if you are in demand of your generated income.
On the other hand, if you want to maximize your trade and achieve more, you can also look forward to qualifying for their scaling plan.
This enables you to grow your account by 40% of the initial balance and trade with a higher account balance of up to $4,000,000.
This strategy enables highly experienced traders to get the best out of their trade and maximize their total outcome.
Pros Of the Bespoke Funding Program
- Offers a profit share of up to 80%.
- Provides funding of up to $4,000,000.
- Has a user-friendly dashboard
- No time limits
- Provides the best available spreads in the market.
- An automated process that makes it easy to run your trading accounts.
Cons Of the Bespoke Funding Program
- Does not offer free trials
- Do not refund traders who fail to reach a funded account.
- Some account challenges are too expensive to purchase.
Who Should Join The Bespoke Funding Program?
Bespoke Funding Program targets to partner with traders who are 18+ and want to make trading their career.
Apart from age, you must also be a talented trader who can showcase trading ability when put to the test.
The program uses its evaluation process to test the trader’s ability to trade to analyze your trading potential.
You must be able to reach the set profit target in the evaluation process in the platform for you to get the opportunity to trade with a funded account.
If you are not good at trading or lack the skills to trade in the forex market, you will not succeed in the program.
You may fail in their evaluation which will deny you the opportunity to trade with their funded account and make money.
What Is Bespoke Funding Program?
Bespoke Funding Program is a prop firm that allows traders to trade in the forex market using their funds.
The program asserts its fervent dedication to discovering skilled traders from across the globe and allowing them to actualize their trading potential within the forex market.
Through its funding program, the company aims to make all talented traders achieve their financial goals by trading with the company’s capital.
For this reason, you’ll not have to invest your capital in trading when you become a member of their funding program.
The prop firm has a variety of funding programs providing you with multiple options of accounts to choose from and get started.
In their funding programs, you’ll only have to choose the account that suits your desires and get started with your reading journey.
If you are highly profitable, you can aim higher by qualifying for their scaling plans that rapidly grow your account.
How Does The Bespoke Funding Program Work?
Bespoke Funding Program allows traders to trade in the forex market using the company capital.
The company offers traders up to seven different account sizes in its funding program at different prices.
The account sizes include:
- $10,000 account.
- $25,000 account.
- $50,000 account.
- $100,000 account.
- $200,000 account.
- $300,000 account.
- $400,000 account.
These account sizes apply to both classic challenges and rapid challenges.
In the case of one step challenge, here are the available account sizes:
- $50,000 account.
- $10,0000 account.
- $20,0000 account.
- $40,0000 account.
- $500,000 account.
To get started, you must choose one of these account sizes that best suits you and make your payment.
Every challenge has its rules, which you must go through before selecting.
Please visit the trading rules section to learn more about the challenges in the program.
After choosing your account challenge, you will begin your evaluation process, where you will have to complete phases one and two.
As for the one-step challenge, you will only have to pass the one-phase challenge to get a funded account.
To complete a phase, you must reach the set profit target while respecting the other trading rules in the challenge.
After completing the challenge’s second phase, you can trade with the funded account.
After getting a funded account, you will trade and receive a profit share of up to 80% of your total profits earned in the program.
In addition, the program allows trade with an account balance of up to $2,000,000 and also stands a chance to increase your account size to $4,000,000.
Visit Bespoke Funding’s Official Website For More Info
Who Are The Founders Of Bespoke Funding Program?
Bespoke Funding was founded by Zak Wilding and Lewis Kaler.
These two entrepreneurs have developed an innovative business framework that enables traders worldwide to leverage captivating funding prospects.
Having established Bespoke Funding in September 2022, the venture swiftly garnered recognition within the proprietary trading sphere, primarily attributed to its unwavering dedication to fostering latent potential within the prop trading arena.
Bespoke Funding Program Trading Rules
The trading rules in the program depend on the trading challenge you choose in the platform, which can either be a classic or a rapid challenge.
Classic challenge trading rules
After you choose the classic challenge, here are the trading rules you will have to observe:
Trading leverage
The program allows you to trade with a leverage of up to 1:60.
Minimum Trading days
Three days are the least number of days you can trade in the classic challenge.
On the other hand, the program does not set the maximum number of trading days on the platform.
Profit Target
The classic challenge has two stages in its evaluation process; the profit target is 8% in the first stage.
In the second stage, which finalizes the evaluation process, the profit target is set at 5%.
Maximum loss
The Bespoke Funding Program has a maximum daily loss of 10% of the total account balance.
For instance, if your account balance is $100,000, the maximum loss you should avoid is $10,000.
For this reason, your account size should not exceed $90,000 if you want to maintain positivity in your trading process.
Maximum daily loss of 5%
The maximum daily loss for a single day in the platform is 5% based on your initial account balance.
For instance, if your initial account balance is $100,000, your maximum daily loss will be $5,000.
This means you must not go below $95,000 in your trading account to prevent your account from violating the maximum daily loss.
Profit Share
The profit share in the program is set at 80%.
This means you will get up to 80% of your total profits while the company remains with only 20%.
The higher profit target is a strategy that enables traders to aim higher and maximize their earnings to achieve their financial goals.
Rapid Challenge trading rules
When you choose the rapid challenge, here are the trading rules you will have to observe;
Trading leverage
The program allows you to trade with a leverage of up to 1:100.
Minimum Trading days
There are no minimum trading days set in the program.
This allows you to trade at your own speed and maximize your earnings in the program.
Profit Target
There are two stages in their evaluation process in this challenge; in the first stage, the profit target is 8%.
In the second stage, which finalizes the evaluation process, the profit target is set at 5%.
Maximum loss
The bespoke Funding program has a maximum daily loss of 8% of the total account balance.
For instance, if your account balance is $100,000, the maximum loss you should avoid is $10,000.
For this reason, your account size should not exceed $90,000 if you want to maintain positivity in your trading process.
Maximum daily loss of 5%
The maximum daily loss for a single day in the platform is 5% based on your initial account balance.
For instance, if your initial account balance is $100,000, your maximum daily loss will be $5,000.
This means you must not go below $95,000 in your trading account to prevent your account from violating the maximum daily loss.
Profit Share
The profit share in the program is set at 80%.
This means you will get up to 80% of your total profits while the company remains with only 20%.
The higher profit target is a strategy that enables traders to aim higher and maximize their earnings to achieve their financial goals.
One Step Challenge
Apart from the classic and the rapid challenge, the program offers traders another opportunity to get to a funded account via a one-step challenge.
In this challenge, you will only go through a one-step verification stage to get to a funded account.
In the one-step evaluation, you must reach a profit target of 10% to move to a funded account.
When you enroll in the account, there are four different account sizes i$50,000, $100,000, $200,000, $400,000 and $500,000.
The other trading rules used in the one-step challenge include the following:
- Trading leverage of up to 1:10
- The maximum daily loss set at 4% is calculated on the total balance.
- Minimum trading day set at 0 days.
- The maximum loss is set at 5%.
- The profit share for one step challenge is set at 75%.
Visit Bespoke Funding’s Official Website For More Info
Bespoke Funding Program Scaling Plan
In the Bespoke Funding Program scaling plan, you will stand a chance to have your account size increased by 40% of the initial balance.
For instance, when your initial account size was $100,000, your new balance will be $140,000 after scaling.
To qualify for the scaling plan, you must have received a payout of 8%.
Related Prop Firm: The Talented Trader
Bespoke Funding Program Trading Instruments
The Bespoke Funding program allows you to trade a variety of instruments, including:
- Forex Pairs
- CFD indices
- Metals
- Cryptocurrencies
All these tradable assets are offered by their trusted broker in the forex market call, the EightCap broker.
In addition, the Bespoke Funding program allows you to trade on MT4 and MT5 platforms with excellent risk management technology.
All these trading platforms, besides their execution and pricing, are provided by the Eightcap broker.
What Are The Benefits Of Joining The Bespoke Funding Program?
Instant credentials
All traders who join the Bespoke Funding Program will receive their account credentials once they purchase their program package.
Upon finishing stage one, you will receive your stage two credentials to grant you immediate access to stage two.
In addition, you will receive your logins to the funded account instantly after completing stage two of the assessment stage.
Fast payouts
The program offers traders a fast payout of their profits after receiving a funded account on the platform.
According to the program, you will only have to trade for fourteen days to receive your payout, enabling you to have your profits after two weeks.
In addition, the payouts are processed within 24 hours to enable you to receive your funds from the program.
Does not set a time limit for traders
In the two challenge accounts available in the program, there is no time limit for traders allowing you to trade at your own limit.
Auto close
The program has an auto close feature which also helps minimize the platform’s stress, especially in the challenge phrases.
Keeping track made it easy
The program has an automated process that makes it easy for traders to keep track of their trading process.
Their industry-leading system enables traders instant access to their accounts, enabling a seamless trading journey.
Easy to use Dashboard
The bespoke Funding program has a user-friendly dashboard that enables traders to access their trading accounts quickly.
Up to $4,000,000 Funding
The bespoke Funding program allows traders to trade with a capital of up to $4,000,000.
The funding program is for stage one and stage two of the challenges, with each stage having a maximum of $2,000,000.
What Is The Cost Of Joining The Bespoke Funding Program?
The Bespoke Funding Program does not charge for traders joining the program.
However, to choose your trading account package, you must pay a one-time fee, which depends on your account size.
In addition, the prices of the packages depend on the trading challenge you choose on the platform.
Here are the trading challenges account sizes and their corresponding prices:
The Classic Challenge Accounts & Prices
Here are the classic challenge account sizes and their corresponding prices;
- $10,000 account size costs $129.
- $25,000 account size costs $239.
- $50,000 account size costs $329.
- $100,000 account sizes cost $529.
- $200,000 account sizes cost $949.
- $300,000 account sizes cost $1,409.
- $400,000 account sizes cost $1,879.
The Rapid Challenge Accounts & Prices
Here are the Rapid Challenge account sizes and their corresponding prices:
- $10,000 account size costs $99.
- $25,000 account size costs $195.
- $50,000 account size costs $304.
- $100,000 account sizes cost $499.
- $200,000 account sizes cost $919.
- $300,000 account sizes cost $1,369.
- $400,000 account sizes cost $1,849.
In the case of one step challenge, here are the available amount sizes and their prices:
- $50,000 account size costs $319.
- $100,000 account that costs $629.
- $200,000 account that costs $1,249.
- $400,000 account that costs $2,449.
- $500,000 accounts that cost $2,979.
Upon receiving your payment, the program automatically provides you with your account credentials to enable you to start your evaluation process.
What Is The Bespoke Funding Program Payouts?
The program allows traders to withdraw profits when trading with a funded account.
To qualify for withdrawal, your total account balance must be higher than the initial balance in the funded account.
This means you must maintain profitability to have a continuous payout in the program.
To make your payout in the program, you must only visit their dashboard and request your withdrawal.
The program allows you to request a payout every 14 days.
Processing your request and transferring your money to your wallet will take less than 72 hours.
The program partners with Deel, where all the withdrawals are processed before sending them to your wallet.
The platform accepts various payment methods, including bank transfer, PayPal, credit cards, etc.
Refundable Fee
Bespoke Funding Program offers traders a 100% refund of their evaluation fee when they receive their first payout.
However, you must reach the funded account to receive your registration fee back in your account.
For this reason, you must be able to get a funded account for you to reclaim your registration fee.
The program has no extra or hidden fee in the platform and only charges a one-time fee.
Is The Bespoke Funding Program A Scam?
The Bespoke Funding Program is not a scam; you can access their funding program and trade using their capital in the forex market.
However, you must pass through their evaluation process to qualify for their funding program.
In the evaluation process, the program expects you to showcase your trading talent and skills that can help you get the best of your trades.
Therefore, you must be able to trade in the forex market with an outstanding trading experience in the available trading instruments.
In addition, you must be more than eighteen years of age for you to be accepted to join the program.
There is also a one-time evaluation fee that you must be able to pay in the program for you to choose your preferred account and start your trading.
The program provides you with multiple accounts, depending on the account size and price.
If you can trade while respecting their trading rules, you will stand a chance to succeed in their funding program.
On the other hand, you must be a good risk manager and consistently make high profits in your trading process.
My Assessment Of the Bespoke Funding Program
Profit Splits: 8/10
The Bespoke Funding program has one of the best profit shares, offering you up to 80% of your trade profits.
This strategy enables traders to maximize their trades and earn their level best while increasing their trading potential.
In addition, the higher profit share makes growing the account size much easier as traders can increase their earnings.
Scaling Opportunities: 6/10
In their scaling opportunity, the program allows you to grow your account with up to 40% of its initial balance.
This enables traders to increase their trading account balance to a maximum of $4,000,000 and get the best out of their trade.
The scaling opportunity also enables the platform to provide highly profitable traders to earn more from their trade.
Profit Targets: 7/10
Bespoke Funding Program has a realistic profit target in their challenges to accommodate more players.
For instance, phase one and phase two of the challenges in the program only require traders to reach a target of 8% and 5%, respectively.
This strategy enables a higher number of traders to get the opportunity to reach the funded account and start generating passive income.
Affordability: 6/10
Bespoke Funding Program is fairly affordable and enables traders to get the opportunity to trade using their capital at an affordable cost.
You only need at least $99 to purchase an account and start trading on the platform.
This makes the platform one of the cheapest proprietary firms in the forex market.
Trader Supports: 6/10
Trader support in the program is also good, enabling you to ask questions and get answered by their support team.
In their support program, traders get the opportunity to ask questions about their trading process through the official contacts of the company.
The expert support team in the program is experienced in answering your questions and ensuring you get the best feedback you need for your business.
Tradable Assets: 7/10
Several tradable assets are available in the program, including cryptocurrencies, forex pairs, metals, and indices.
The higher number of tradable assets gives traders multiple options of trading instruments in the platform.
By trading with your preferred assets, you will stand a chance to get the best out of your trades.
Trustworthiness
Bespoke Funding Program has an excellent online reputation from its loyal customers who express their satisfaction with its services.
In addition, the program has an excellent review on trust pilots, with many reviews feeling happy with their services.
My overall Rating
The Bespoke Funding program, from my perspective, garners a rating of 7/10 compared to other proprietary firms within the forex market.
The program boasts a commendable online standing and empowers traders to use the provided capital to succeed in the forex market.
Furthermore, the program has garnered numerous positive reviews from reviewers who have shared favorable feedback regarding their services.
What Are People Saying
Here is what people are saying about the Bespoke Funding program online:
Trustpilot
Bespoke Funding Program has an excellent rating on Trustpilot, attracting a 4.7/5 rating on the platform (as of August 10, 2023).
The program has more than 460 reviews, with up to 90% of the reviewers awarding the company five stars, as shown below:
From there, allow me to guide you through a selection of particular reviews and comments:
One trader felt pride in affiliating with the proprietary firm due to its transparency and integrity.
Another individual praised the prop firm for its exceptional customer support, emphasizing its excellence.
Similarly, another trader took immense pride in assigning a 5-star rating, attributing it to the prop firm’s swift and effective resolution of their concern.
On the other hand, while going through the negative feedback, I encountered a few instances worth noting.
One review raised concerns about an account breach, where the trader indicated the simultaneous execution of two trades.
The veracity of these claims rests with the trader’s perspective.
Another reviewer highlighted what they deemed an unreasonable spread offered by the prop firm.
The prop firm maintains a genuine and forthright approach, substantiated by its noteworthy Trustpilot rating.
The company has over 600 likes on its FB page and over 800 followers.
Overall
In general, the Bespoke Funding program is one of the platforms that accommodates a higher number of forex traders online.
The platform is one of the trusted proprietary firms that serve a higher number of traders across the world.
Also Read: RebelsFunding Review
FAQs About Bespoke Funding Program
How Many Lots Can I Trade On The Bespoke Funding Program?
Bespoke Funding Program allows traders to place lots ranging from four to four hundred, depending on your account size.
For instance, if your account size is $10,000, you have a maximum of four lots with risk, while a $1,000,000 account size provides you with 400 lots.
For this reason, if you want torn lots, you will have to go for accounts with higher balances.
How Long Does It Take To Receive My Funded Account On The Bespoke Funding Program?
Once you complete your assessment in the program, you will receive an email from the company that contains your account information.
You will also receive an email from the company partner Deel, which also carries details to help you access the complete treader agreement.
The eSettingour funded account will take an average of 72 hours after receiving the company’s emails.
Can I Use An Expert Advisor When Trading On The Bespoke Funding Program?
The bespoke Funding program allows traders to use expert advisors on the platform.
However, the program restricts traders from using malicious expert advisors that include Martingale/grid, arbitrage, HFT, and tick scalping.
On the other hand, the program allows you to copy trades from any of your other accounts in your trading process.
How Are The Taxes Handled In The Bespoke Funding Program?
If you start trading in the prop firm with a funded account, the company treats you as an independent contractor.
This makes you responsible for all the available taxes in the trading process based on your profit share.
The company, therefore, does not offer any advice on the taxes available in the market.
When Can I Withdraw My Profits On The Bespoke Funding Program?
When you begin trading with your funded account, you qualify for a payout, provided you are profitable.
To ensure your trading account has a higher balance than the initial balance, the program sets the time for withdrawals for everyone.
For this reason, the program sets the withdrawal time to be every 14 days, provided your final account balance is higher than your initial balance.
Is There A Breaching Of Accounts Due To Inactivity In The Bespoke Funding Program?
Yes, your account can be breached if you are inactive longer before placing a trade in the program.
For instance, if you stay more than thirty days without placing a single trade in your account, you may risk your account being breached.
This means the platform will consider your account inactive and may breach it and use the funds to finance other traders.
You can also watch this video review of the Bespoke Funding Program:
Thank you for reading my Bespoke Funding Program Review.