Bespoke Funding Program Review 🚩

Bespoke Funding Program is a proprietary trading firm that was launched in 2022. The firm offers four funded account types and requires two phases for evaluation. In the realm of prop trading, 2-step evaluations are the most popular funded account types, but some firms also offer 1-step and instant evaluations, which is the case for the Bespoke Funding Program’s 1-Phase accounts.

The Bespoke Funding Program offers a range of assets of trading and up to 2 million dollars in funding through the scaling plan. In their review, we are going to assess the firm’s important features of safety, funded options, rules, assets, platforms, education, support, and more.

🏛️Safety & Security of Bespoke Funding Program

One of the most important metrics when evaluating the firm’s safety is to check trader feedback and reviews on FPA and Trustpilot platforms. Bespoke Funding Program lacks reviews on the FPA, which is typically a red flag. Another critical aspect of safety is whether the firm provides trading services through regulated brokers. This is critical to avoid price manipulation and trade in a safe environment.

Bespoke Funding Program prop trading company is part of EightCap, which is an ASIC-regulated Forex and CFDs broker offering low spreads. Overall, Bespoke Funding Programs offers a mediocre safety level as it lacks the most crucial metric, trader reviews, and feedback.

📊 Available Assets on Bespoke Funding Program

The Bespoke Funding Program prop firm allows access to numerous asset classes such as Forex pairs, indices, commodities, and cryptos. There are no stocks or other assets offered and spreads for standard accounts are high from 1.2 pips. However, the EightCap broker also offers low spreads accounts at 0 pips spreads and 6 USD round turn commission.

🗂️ Bespoke Funding Program Account Types

When it comes to founded account diversity, the Bespoke Funding Program provides traders with several choices, Traders Choice, Classic Challenge, 12% challenge, and 1-Phase options.

📌 Bespoke Funding Program Traders Choice offers funding options including 10k, 25k, 50k, 100k, 200k, 300k, and 400k USD options. This account consists of 3 stages, where traders are required to achieve profit targets in the first two phases to get funded. There are no minimum trading days, and the daily loss limit is capped at 5%. The maximum drawdown is 8% for both the challenge phases and also funded phases. The profit target starts at 8% for phase 1, is reduced to 5% for the 2nd phase, and is not required for the funded phase. The leverage is 1:100 for all three phases of the Traders Choice account.

📌 Bespoke Funding Program Classic Challenge also offers access to diverse funding options including 10k, 25k, 50k, 100k, 200k, 300k, and 400k accounts. Traders can complete this challenge at their own pace, but minimum trading days are 3. There are 3 phases, 2 evaluation phases, and a funded phase. Maximum daily loss is capped at 5% for all phases, and maximum loss is 10% for all three phases as well. The profit target starts at 8%, is reduced to 5% for the 2nd phase, and is not required for the funded stage. The leverage is also 1:100 for this account. So, there is absolutely no difference between the classic and trader choice accounts, except classic accounts have higher starting fees. This account diversity is just a marketing gimmick and is not really useful as traders are receiving exactly the same specs and conditions except they have to pay higher fees for the classic accounts.

📌 Bespoke Funding Program 12% Challenge is also similar to the first two accounts as it is also a 2-step account requiring traders to go through 2 phases of evaluation before becoming eligible for the funded phase. The minimum number of trading days is 3, but simulated trading days are unlimited, meaning traders can achieve profit targets at their own pace. The daily risk limit is 5% for all three phases, and the maximum drawdown is set at 12%. The only reason this account is called 12% challenge is that it has a 12% drawdown, while other specs are similar to the first two accounts we described. The profit target starts at 9% for phase 1, then is reduced to 6% for phase 2, and is none for the 3rd stage where traders are trading for profits. The leverage is also 1:100 for all three phases.

📌 Bespoke Funding Program 1-Phase challenge is the only funded account option offered by the firm, which differs considerably from the other three accounts. It offers funded options including 10k, 25k, 50k, 100k, and 200k USD amounts. There are no minimum trading days limits for the 1-phase account, and traders have to hit a 6% profit target to get funded without breaching the risk rule. The daily risk limit rule is 4% and the maximum loss limit is 6%. The profit target is high at 10% and there is no profit target requirement when the trader becomes funded. However, daily risk limit and maximum loss rules remain the same during the funded phase.

💸 Bespoke Funding Program trading fees

When it comes to trading and funded challenge fees, the Bespoke Funding Program prop firm offers competitive specs. Let’s list all the fees for all funded accounts to see why this is true.

📌 Bespoke Funding Program Traders Choice fees are as follows:

• Funded amount: 10,000 USD – one-time fee: 99 USD
• 25,000 USD – 195 USD
• 50,000 USD – 304 USD
• 100,000 USD – 499 USD
• 200,000 USD – 919 USD
• 300,000 USD – 1,369 USD
• 400,000 USD – 1,849 USD

This is the cheapest account that offers 99 USD for the smallest 10k funded accounts. However, there are no accounts with lower initial funding for beginners which is a downside for the Bespoke Funding Program prop firm.

📌 Bespoke Funding Program Classic Challenge fees are similar but more expensive:

• Funded amount: 10,000 USD – one-time fee:129 USD
• 25,000 USD – 239 USD
• 50,000 USD – 329 USD
• 100,000 USD – 529 USD
• 200,000 USD – 949 USD
• 300,000 USD – 1,409 USD
• 400,000 USD – 1,879 USD

📌 Bespoke Funding Program 12% Challenge fees:

• Funded amount: 10,000 USD – one-time fee: 109 USD
• 25,000 USD – 214 USD
• 50,000 USD – 392 USD
• 100,000 USD – 519 USD
• 200,000 USD – 939 USD
• 300,000 USD – 1,399 USD
• 400,000 USD – 1,899 USD

📌 Bespoke Funding Program 1-Phase challenge fees are highest among four accounts:

• Funded amount: 10,000 USD – one-time fee: 129 USD
• 25,000 USD – 239 USD
• 50,000 USD – 329 USD
• 100,000 USD – 529 USD
• 200,000 USD – 949 USD

All three accounts except the 1-Phase challenge look very similar as there are no key differences except for fees and minimum trading days. The firm is not innovative or creative with these accounts and in fact, it just only offers two different funded account types which is not flexible at all.

Bespoke Funding Program does not offer a free trial or free repeat and traders have to be very careful not to breach any rules as they will have to pay fees to start over. There is currently a discount going on with a discount code and traders can get cheaper fees. However, this won’t cut the issues with safety we have discovered.

📱 Platforms and Mobile Trading at Bespoke Funding Program

As a partner of a regulated Forex and CFDs broker, EightCap, the Bespoke Funding Program offers two advanced trading platforms, MetaTrader 4 (MT4), and MetaTrader 5 (MT5). Despite offering advanced platforms, the firm prohibits traders from using EAs or Expert Advisors, limiting the automated trading capabilities of these advanced trading platforms. These platforms provide plenty of technical indicators, both built-in and custom.

Mobile trading is also possible with these platforms as they are offered in mobile app stores. Traders can download both MT4 and MT5 mobile trading apps on both Android and iOS devices, including tablets.

📚 Education and research tools offered by Bespoke Funding Program

Bespoke Funding Program, prop firms severely lack Educational resources. There are no trading courses, webinars, or video guides to help beginner traders learn about prop trading. This is a huge downside for the firm as well. There is a trading blog offered with posts about ongoing market dynamics and ads about the firm. However, the blog can not be used as a replacement for proper educational materials.

🤝 Customer Support of Bespoke Funding Program

Customer support is one of the most important features of any prop trading firm. Bespoke Funding Program prop firm only offers hotline and email support options. While hotline support is usually good, the fact the firm lacks live chat is a huge disadvantage for traders. The website is only available in the English language including the support which is another huge drawback of this firm. Overall, the Bespoke Funding Program lacks responsive and quick support options and support for several languages.

Frequently Asked Questions