A Comprehensive Review of Bespoke Funding

A Comprehensive Review of Bespoke Funding

Features/BenefitsDescription
Variety of Account SizesOffers four different account sizes for the challenge: Basic, Starter, Pro, and Advance.
Profit ShareTraders can earn a profit share of 70% with weekly payouts.
Two-Stage ChallengeThe challenge consists of two stages, each with its own profit targets and loss limits.
Educational ResourcesOffers a wealth of educational resources, including video tutorials, webinars, and e-books.
Trading RulesImposes daily and maximum drawdown limits and a consistency rule to promote disciplined trading and effective risk management.
News TradingAllows news trading, enabling traders to take advantage of market-moving news.
Trading PlatformUses the reliable and user-friendly MetaTrader 4 (MT4) platform.
Time LimitsThe duration for Stage 1 of the challenge is 30 days, while Stage 2 lasts for 60 days.
LeverageOffers a leverage of up to 1:500, allowing traders to potentially make larger profits from smaller investments.
Payout StructureOperates on a pure STP (Straight Through Processing) model, with competitive spreads and commissions.
Supportive CommunityProvides a supportive community for traders to learn and grow.

Table of Contents

A Comprehensive Review of Bespoke Funding Program

Today, we’re going to specifically focus on the Bespoke Funding Program. If you’re in the market for a prop firm challenge, you’re in the right place. We’ll be breaking down the firm’s basic rules, what you can trade, the costs involved, and their Trustpilot rating.

Bespoke Funding Program is a unique prop firm that prides itself on having no time limit for its traders. This means you can take your time to strategize and make your moves without feeling rushed by a ticking clock. They also offer other benefits such as auto-closing trades when the profit target is reached and balance-based daily drawdowns.

As a fellow trader, I understand the importance of finding a prop firm that aligns with your trading style and goals. So, let’s dive in and see if Bespoke Funding Program could be the right fit for you. Remember, the key to passing any trading challenge is discipline, patience, and a solid strategy. So, let’s get started!

About Bespoke Funding Program:

Bespoke Funding Program is a prop firm created by traders, for traders. They are passionate about uncovering hidden talent within the trading community and have designed unique funding opportunities to help traders become professionals. They offer a user-friendly experience backed by top-tier technology and provide access to tier-1 liquidity for their traders. Their goal is to be the top proprietary trading firm in the world.

One of the standout features of Bespoke Funding Program is their challenges. In your funded account, you can withdraw your first profit after 4 trading weeks, and from the second payout onwards, you’re eligible for a withdrawal every 2 trading weeks. They offer traders the potential to trade up to a maximum of $4,000,000 funding via their 1 and 2 stage challenges (Maximum $2,000,000 each stage).

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Read: Why Trade with Someone Else’s capital?

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Their Bespoke Dashboard is a simple and easy way to track your progress through your trading journey. And one of the most trader-friendly rules they have is no time limit on their challenges. This relieves pressure during the challenge, enabling traders to reach their maximum potential. Their process is fully automated, allowing traders to access their accounts instantly, providing a seamless journey.

As a fellow trader, I can’t stress enough the importance of a no time limit rule. It allows you to trade at your own pace, without the pressure of a ticking clock. This can be a game-changer, especially for those who prefer a more measured approach to trading.

What is the Bespoke Funding Program Challenge?

Bespoke Funding Program offers a variety of challenges to suit different trading styles and preferences. The challenges are divided into Classic Challenge, Rapid Challenge, and 1-Step Challenge, each with different account sizes ranging from $10,000 to $500,000.

bespoke ad

Let’s focus on the Classic Challenge as an example. For a 100K Challenge Account, the price is $529. The leverage provided is 1:60. You need to trade for a minimum of 3 days, but there’s no maximum trading days limit – a feature that sets Bespoke apart from many other prop firms. The profit target for Phase 1 is 8% and for Phase 2, it’s 5%. The maximum loss allowed is 10%, and the maximum daily loss is 5% (based on balance). The profit split is 80%, and you can hold positions over the weekend. The fee for the challenge is 100% refundable with the first payout.

As a fellow trader, I can tell you that the no time limit rule is a significant advantage. It allows you to trade without the pressure of a deadline, which can be crucial when the markets are volatile. Also, the balance-based daily drawdown is a great feature as it adjusts with your account balance, providing more flexibility.

Remember, the key to passing the challenge is to stay disciplined, manage your risk effectively, and stick to your trading plan. Don’t rush to hit the profit target; take your time to make well-thought-out trades.

In the next section, we’ll discuss the rules of trading with Bespoke Funding Program.

Want to Know Which Prop Firms Have the Easiest Rules? Head over to our Reviews Page to Find the Best Prop Firms for Beginners. 

Rules of Bespoke Funding Program:

Bespoke Funding Program has a comprehensive set of rules designed to maintain a fair and transparent trading environment. As a trader, it’s crucial to understand these rules to ensure a smooth trading journey.

  • Prohibited Trading Strategies: Bespoke Funding Program prohibits certain trading strategies, including exploiting errors or latency in the pricing and/or platform(s) provided by the broker, utilizing non-public and/or insider information, front-running of trades placed elsewhere, and consistent use of Dollar-cost averaging (DCA). Also, the use of the martingale trading strategy, which involves opening multiple positions while your original trade is in drawdown, is strictly prohibited.
  • Trading Restrictions: New trading is allowed, however, placing a buy/sell limit or a buy/sell stop at the same time is prohibited during red folder news. Also, trading in any way that jeopardizes the relationship that the Company has with a broker or may result in the canceling of trades is not allowed.
  • Account Creation: To register as a Trader, you may be asked to provide personal information, including your name, email address, mailing address, phone number, date of birth, and a unique username and password. Traders are limited to one active account per assessment level, absent prior written approval.
  • Refund Policy: There are no refunds on any Services purchased from the Company.
  • Competition Rules: Any accounts given away for free through a competition are eligible for a 50% withdrawal of profits made on the funded stage on the account.
  • Disclosure Statement: Before deciding to participate in financial markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.

I can’t stress enough the importance of understanding and adhering to these rules. They are designed to maintain a fair and transparent trading environment and to protect both the trader and the firm. Remember, successful trading is not just about making profitable trades; it’s also about understanding and following the rules of the game.

In the next section, we’ll discuss the trading options available at Bespoke Funding Program. 

photo of man at computer with the word risk

What Can I Trade at Bespoke Funding?:

Bespoke Funding Program offers a wide range of trading options to cater to the diverse needs of traders. The firm provides different types of challenges, each with its unique set of rules and benefits.

  • Classic Challenge: This challenge offers account sizes ranging from $10,000 to $400,000. The leverage is 1:60, and there’s no time limit for the challenge. The profit split is 80%, and the fee is 100% refundable with the first payout. The maximum daily loss is set at 5% based on the balance.
  • Traders Choice Challenge: This challenge also offers account sizes ranging from $10,000 to $400,000. However, the leverage is higher at 1:100. Similar to the Classic Challenge, there’s no time limit, and the profit split is 80%. The maximum daily loss is also set at 5% based on the balance.
  • 1-Phase Program: This program offers account sizes ranging from $50,000 to $500,000. The leverage is lower at 1:10, and the profit split is 75%. The maximum daily loss is set at 4% based on the balance.

As a fellow trader, I’d suggest you choose the challenge that best aligns with your trading style and risk tolerance. Remember, the goal is not just to pass the challenge but also to trade in a manner that you can sustain in the long run.

In the next section, we’ll discuss the costs involved with Bespoke Funding Program.

Want to Know Which Prop Firms Have the Best Training Programs Included? Head over to our Reviews Page to Find the Best Prop Firms for Beginners. 

Costs Involved with Bespoke Funding Program:

A 100K Challenge Account, the price is $529. This fee is 100% refundable with the first payout.

Please note that the costs may vary depending on the type of challenge and the account size you choose. It’s always a good idea to check the official website for the most accurate and up-to-date information.

Trustpilot Rating of Bespoke Funding Program:

Bespoke Funding Program has an excellent reputation on Trustpilot, with a rating of 4.7 out of 5 based on 91 reviews. This high rating indicates that many traders have had positive experiences with the firm.

Trustpilot is a well-known platform for customer reviews, and a high rating on Trustpilot is a strong indicator of a company’s reliability and customer satisfaction.

However, as with any prop firm, it’s important to do your own research and consider multiple sources of information before making a decision.

In the next section, we’ll discuss the additional benefits of Bespoke Funding Program.

Additional Benefits of Bespoke Funding Program:

Bespoke Funding Program offers several unique benefits that set it apart from other prop firms. These benefits are designed to provide a more flexible and trader-friendly photo of people at computer learning to trade futures and forex

 environment.

  • No Time Limit: One of the standout features of Bespoke Funding Program is the absence of a time limit on their challenges. This allows traders to trade at their own pace without the pressure of a ticking clock.
  • Auto-Close Trades: Bespoke Funding Program automatically closes trades when the profit target is reached. This feature can be a great advantage, especially in volatile markets, as it ensures that you lock in your profits.
  • Balance-Based Daily Drawdown: The maximum daily loss is set based on the balance. This means that as your balance grows, so does your daily drawdown limit, providing more flexibility in your trading.
  • Instant Credentials: Bespoke Funding Program provides instant credentials, allowing traders to access their accounts instantly and start trading without delay.
  • Still Payout: At Bespoke Funding Program, they honor their commitment to traders and still pay out the agreed-upon profit split even if traders breach the account’s rules, as long as they’ve generated profits.

I appreciate these features as they provide more flexibility and control over your trading. The no time limit rule, in particular, is a game-changer as it allows you to trade in a more relaxed and thoughtful manner.

Ready to Give a Prop Firm Challenge a Try? Head over to our Reviews Page to Find the Best Prop Firm for You. 

I hope it has given you a comprehensive understanding of what Bespoke Funding Program has to offer. From their unique no time limit rule to their balance-based daily drawdown and auto-close trades feature, Bespoke Funding Program provides a flexible and trader-friendly environment that sets it apart from many other prop firms.

The key to success in trading is not just about making profitable trades; it’s also about finding a trading environment that aligns with your trading style and goals. And from what we’ve seen, Bespoke Funding Program could be a great fit for many traders.

Now, the ball is in your court. I challenge you to take up the Bespoke Funding Program challenge. Test your trading skills, prove your discipline and experience, and get the chance to manage a funded account. Remember, the journey of a thousand miles begins with a single step. And this could be your first step towards becoming a professional trader.

And to help you on your journey, I’m offering free access to my spreadsheet outlining details of over 40 prop firms, including current coupon codes. This spreadsheet will provide you with a wealth of information to help you choose the right prop firm for you.

Subscribe to our Free newsletter to access this exclusive benefit. 

So, are you ready to take up the challenge? Click [here](insert link here) to get your free spreadsheet and start your journey toward becoming a professional trader. Happy trading!

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