Bespoke Funding - Honest Review (10% discount code: NOMADTRADING) - Nomad Trading (2024)

What is Bespoke Funding Program?

Bespoke Funding was established in September, 2022. Their headquarters are located in London, England. They are currently offering 3 types of challenges: 1-step challenge, Classic 2-step challenge and Rapid 2-step challenge. Bespoke Fundingis partnered withEightcapas their only broker to date and are offering account sizes up to $500,000, 80% profit splits and maximum allocation up to $4,000,000. If that sounds good to you, than continue reading further.

Funding options

At time of writing this review Bespoke Funding offers it’s customers 3 types of challenges:

• Classic Challenge
• Rapid Challenge
• 1-Step Challenge

Classic Challenge

The Bespoke Funding classic challenge account is designed to identify and reward serious and talented traders based on their consistency during a two-phase evaluation period. This account offers the opportunity to trade with a leverage of 1:60, allowing traders to potentially maximize their profits.

Phase 1 from the challenge requires from you to have minimum of 3 trading days. You don’t have to worry about the maximum trading days rule here since people from Bespoke believe in unlimited time challenges. This is exactly why their all 3 types of challenges are specially crafted with no maximum trading days ensuring that their traders are going through their challenges stress free. Pretty cool, huh?
Evaluation Phase 1 requires a trader to reach a profit target of 8% while not breaching their 5% daily drawdown or 10% maximum loss rules.

Evaluation Phase 2 requires a trader to reach a profit target of 5% while not breaching their 5% maximum daily loss or 10% maximum loss rules.

Upon successfully completion of the challenge you will be awarded with a funded account. After that you will not have any profit targets and you will just need to respect the basic rules (5% daily drawdown and 10% maximum loss rules). You also need to place at least 1 trade every 30 days in order to keep the account, if you fail to do so you will lose your funded account. You will be eligible for your first payout after 14 days from the first trade that you place on your funded account. After that you will be able to request payouts on bi-weekly basis. Your payouts will be calculated based on 80% profit split.

Classic Challenge Rules

• Profit targetis a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 8% while Phase 2 has a profit target of 5%. Funded accounts have no profit targets as we stated that above already.
• Maximum daily lossis the maximum loss a trader can reach on a daily basis before the account is breached. All account sizes have a maximum daily loss of 5%.
• Maximum lossis the maximum loss a trader can reach overall before the account is breached. All account sizes have a maximum loss of 10%.
• Minimum trading daysis the minimum period which you are required to trade for before you can complete an evaluation phase, or request a withdrawal. Both phases have a 3 minimum trading day requirement.
• Lot size limitrequires traders to follow specified lot sizes for specific trading instruments. These are most usually set based on the initial account balance of the prop firm account. You can see the maximum lots available a trader can open across all pairs at any given time depending on their account size:
  • $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
• No martingale allowedmeans that traders are not allowed to use any type of martingale strategy while trading.
• Third-party copy trading riskmeans that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
• Third-party EA riskmeans that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

Rapid Challenge

The Bespoke Funding rapid challenge account is designed to identify and reward serious and talented traders based on their consistency during a two-phase evaluation period. This account offers the opportunity to trade with a leverage of 1:60, allowing traders to potentially maximize their profits.

The main difference here is that you don’t have minimum trading days required here. You don’t have to worry about the maximum trading days rule here also. Evaluation Phase 1 requires a trader to reach a profit target of 8% while not breaching their 5% daily drawdown or 8% maximum loss rules.

Evaluation Phase 2 requires a trader to reach a profit target of 5% while not breaching their 5% maximum daily loss or 8% maximum loss rules.

Upon successfully completion of the challenge you will be awarded with a funded account. After that you will not have any profit targets and you will just need to respect the basic rules (5% daily drawdown and 8% maximum loss rules). You also need to place at least 1 trade every 30 days in order to keep the account, if you fail to do so you will lose your funded account. You will be eligible for your first payout after 14 days from the first trade that you place on your funded account. After that you will be able to request payouts on bi-weekly basis. Your payouts will be calculated based on 80% profit split.
Rapid Challenge Rules

• Profit targetis a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 8% while Phase 2 has a profit target of 5%. Funded accounts have no profit targets as we stated that above already.
• Maximum daily lossis the maximum loss a trader can reach on a daily basis before the account is breached. All account sizes have a maximum daily loss of 5%.
• Maximum lossis the maximum loss a trader can reach overall before the account is breached. All account sizes have a maximum loss of 8%.
• No Minimum trading days
• Lot size limitrequires traders to follow specified lot sizes for specific trading instruments. These are most usually set based on the initial account balance of the prop firm account. You can see the maximum lots available a trader can open across all pairs at any given time depending on their account size:
  • $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
• No martingale allowedmeans that traders are not allowed to use any type of martingale strategy while trading.
• Third-party copy trading riskmeans that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
• Third-party EA riskmeans that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

1-step Challenge

The Bespoke Funding 1-step challenge account is designed to identify and reward serious and talented traders based on their consistency during a 1-step challenge. This account offers the opportunity to trade with a leverage of 1:10.

The evaluation phase requires a trader to reach a profit target of 10% while not surpassing their 4% maximum daily loss or 5% maximum loss rules. Your evaluation account has no minimum or maximum trading day requirements. The only requirement to become funded is hitting the profit target.

By completing the evaluation phase, you are awarded a funded account where you have no profit targets. You are only required to respect the 4% maximum daily loss or 5% maximum loss rules. Your first payout can be requested anytime, while all of the following withdrawals can be submitted on a 30-calendar-day basis. Your profit split will be 75% based on the profit you make on your funded account.

1- step Challenge Rules

• Profit targetis a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. 1 – Step Challenge got 10% profit target. Funded accounts have no profit targets as we stated that above already.
• Maximum daily lossis the maximum loss a trader can reach on a daily basis before the account is breached. All account sizes have a maximum daily loss of 4%.
• Maximum lossis the maximum loss a trader can reach overall before the account is breached. All account sizes have a maximum loss of 5%.
• No Minimum trading days
• Lot size limitrequires traders to follow specified lot sizes for specific trading instruments. These are most usually set based on the initial account balance of the prop firm account. You can see the maximum lots available a trader can open across all pairs at any given time depending on their account size:
  • $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
• No martingale allowedmeans that traders are not allowed to use any type of martingale strategy while trading.
• Third-party copy trading riskmeans that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
• Third-party EA riskmeans that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

Bespoke 1-Step alternative

Overall if you don’t really care about news trading there are better alternatives on Bespoke 1-step challenge at the moment. The Funded Trader Currently you can have up to 15% discount with Discount Code: TFTHONOR. Knights Challenge account offers up to 6% maximum drawdown and comes at a cheaper price. You got 1:30 leverage rather than 1:10 offered by Bespoke and also your profit split is 80% compared to the 75% offered from Bespoke. If that is something that interests you make sure you check our The Funded Trader Review.

Scaling Plan

Bespoke also providing it’s traders with a possibility to further scale their assets under management as their offer a scaling plan. In order to do so you are required to receive a payout of 8% or more within a four-month period where three out of the four months were profitable. You will then receive an account increase of 40% of the original account balance.

Simple Example:

After 4 months: If you have a $100,000 account, your account balance will increase to $140,000.

After next 4 months: Balance of $140,000 increases to $196,000.

After next 4 months: Balance of $196,000 increases to $274,400.

And so on..

This provides the traders with unique opportunity to boost their trading career and the only main thing here is to be consistently profitable.

What makes Bespoke Funding different from other prop firms?

Bespoke Funding’s special features

While working withBespoke Funding, traders can also enjoy the following features:

• Balance-based drawdown, which is very beneficial for profitable traders, as well as swing traders, compared to the industry standard equity-based drawdown,
• When hitting your profit targets during your evaluation periods, an auto close feature will take place, meaning that it will automatically close all of your trades as you have successfully qualified for Phase-2 or Funded Account.
• Challenge credentials are instant with all funding programs and challenge phases.
• Payouts and the account reset are both processed within 24 hours, meaning that you can start trading again within the 24-hour period.

If you want to start small using unlimited days challenges MyFundedFX is great place to check on since they have similar to Bespoke rules and offers but also their smallest challenges start from just 5000$ and fees from less then 50$.

UI and UX

Bespoke site and dashboard are well organized. The process of purchasing a challenge is quick and easy. The only real small problem we occurred during our Bespoke experience is that the whole website and dashboard were loading kind of slow.

Trading Instruments and Fees

Bespoke Funding is partnered with Eightcap as their main broker. Eightcap is an ASIC-regulated broker in Melbourne, Australia which was founded in 2009.
Eightcapis considered average-risk, with an overall Trust Score of 73 out of 99. They have the following features:

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

They offer two account types, one being Raw and the other Standard. The commissions and fees will depend on which of the two you choose. Fees for Standard accounts are built into a spread and for Raw accounts into a commission. Another fee you should always consider is the overnight fee, which is an interest for holding an open position overnight in trading.

Being a MetaTrader only broker, their offers areMetaTrader 4and the newerMetaTrader 5platforms from MetaQuotes Software Corporation.

Bespoke Fundingallows 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.
Bespoke fees are honestly really competitive as they currently on charge on FOREX 4$ per lot. Anything else like metals, indices, commodities, crypto is with 0$ per lot.

Social Presence & Web traffic

Social presence

• Twitter
• Instagram
• Facebook

Bespoke Funding can be found on almost every major social network. Their accounts are not so small. Here are some of their key metric:
– Twitter: 27.5k followers;
– Instagram: 56.3k followers;
– Facebook: 586 followers;
– Discord: 14k followers

Web Traffic

In this screenshot from similarweb you can clearly see that interest to Bespoke skyrocket last month. This is definitely a good sign that goes to show the company is growing which can point that they most probably don’t have liquidity issues and they are having a lot of sales on monthly basis.

Community Feedback

Their community is really active and their discord server is definitely a nice place to be.

There you can also find tons of payout proofs.

Their Trust Pilot rating is excellent. A lot of people are leaving positive reviews which is one more point which can only make us feel happy about this company growth.

Support

Bespoke have well developed FAQ section on there website. Additionally they got live chat on their website, discord support and you can also contact them via email on: support@bespokefundingprogram.com Personally we have tried their support on multiple occasions and we can honestly say that their support is fast while their answers are on place.

Conclusion

In conclusion we have to say Bespoke Funding is relatively new company in the industry but it is growing at a rapid pace. They are definitely legit and if you are looking for a company to diversify your prop firm trading exposure they are definitely a good choice to consider.