(Last Updated On: January 4, 2024)
In the world of trading and investments, individuals often seek opportunities that allow them to grow their capital and explore their potential as traders. Proprietary trading firms have emerged as a popular avenue for traders to access capital and trade with increased leverage. One such firm is the Bespoke Funding Program Prop Firm, which offers a unique and enticing trading program. In this article, we will provide an overview of the Bespoke Funding Program Prop Firm and its various features and offerings.
Table of Contents
Introduction
The Bespoke Funding Program Prop Firm is a trading firm that provides traders with access to capital and favorable trading conditions. With its unique program, traders can benefit from the firm’s resources and support to enhance their trading strategies and potentially generate profits. Let’s delve deeper into the details of this program and explore the advantages it offers.
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Overview of The Funded FX
Background and Company Information
The Bespoke Funding Program Prop Firm was formed on September 1, 2022, and is registered in the United Kingdom under the company registration ID 14377446 (BESPOKE FUNDING PROGRAM LTD) and also (Bespoke Tech LLC –
Hamilton Lodge Hamilton Estate, Charlestown Nevis, PO Box 917). The CEO of the firm is Lewis Kaler. The firm’s website is www.bespokefundingprogram.com, and it can also be reached through its social media channels such as Twitter, Discord , and Telegram
Benefits of the Bespoke Funding Program Forex Prop Firm
The Bespoke Funding Program Prop Firm offers several benefits to traders, making it an attractive option for those looking to trade with increased leverage and access to substantial funding. Here are some key advantages of the Bespoke Funding program:
No Time Limit at Bespoke Funding:
Traders participating in the Bespoke Funding Program do not face any time restrictions, allowing them to trade at their own pace and implement their strategies effectively. But note, there is a 30 days inactivity rule, where if a trader does not place any trades for 30 days, the account will be breached.
Profit Split even if Breached at Bespoke Funding:
Even if a trader breaches the funded account at Bespoke Funding but the account is still in profit, they still receive a payout of their profit split. There are very few prop firms, that provide profit split even if the account is breached and is in profit.
Auto-Close Trades on Profit Target:
The Bespoke Funding program includes a feature that automatically closes trades when a trader achieves their profit target, ensuring that profitable positions are secured and reducing the risk of potential reversals.
Balance-Based Daily Drawdown:
The Bespoke Funding Program utilizes a balance-based daily drawdown, which helps manage risk by limiting losses based on the trader’s account balance. Balance Based Drawdown is very useful for traders, who are Long term and Swing traders.
Max Funding of $4,000,000:
Traders have access to a substantial amount of funding, with a maximum allocation of $4,000,000, enabling them to execute larger trades and potentially increase their profits.
Instant Credentials:
Bespoke Funding Program provides traders with instant credentials, allowing them to quickly start trading and take advantage of the firm’s resources and opportunities. Mostly traders have to wait for 48-72 hours before they can start trading for phase 2. With Bespoke Funding, phase 2 credentials are instantly provided.
Funding Options and Trading Platforms
The Bespoke Funding Program Prop Firm offers various funding options and challenges to cater to traders with different levels of experience and risk tolerance. Here are some of the funding options available:
– Classic Challenge:
The Classic Challenge is divided into two phases and offers traders the opportunity to trade with leverage of 1:60. Traders can choose from different account sizes, ranging from $10,000 to $400,000. It is suitable for traders who prefer a phased approach to trading and want to benefit from increased leverage.
– 2Step Rapid Challenge:
The 2Step Rapid Challenge allows traders to progress rapidly, with no minimum trading days and leverage of 1:100. Similar to the Classic Challenge, traders can select their desired account size from $10,000 to $400,000. The 2Step Rapid Challenge allows traders to progress quickly without minimum trading days.
– 1Phase Challenge:
The 1Phase Challenge of Bespoke Funding focuses on a single phase and provides traders with leverage of 1:10. Traders can choose from various account types, including $50,000, $100,000, $200,000, $400,000, and $500,000.
The Bespoke Funding Program Prop Firm provides traders with the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These platforms offer a wide range of features and tools to assist traders in analyzing markets, executing trades, and managing their positions effectively.
Risk Management and Leverage
Risk management is a crucial aspect of trading, and the Bespoke Funding Program Prop Firm implements several measures to help traders manage their risks effectively. The program offers leverage ratios that vary depending on the challenge and asset class. Here are the leverage ratios for different challenges:
– 1-Phase Challenge Leverage:
– Indices, Gold & Forex: 1:10
– Classic Challenge Leverage:
– Indices: 1:10
– Metals: 1:30
– Forex: 1:60
– Traders Choice Challenge Leverage:
– Indices: 1:10
– Metals: 1:30
– Forex: 1:100
The leverage ratios provided by the Bespoke Funding Program Prop Firm allow traders to amplify their trading positions and potentially increase their profits. However, it’s important for traders to carefully consider and manage the associated risks.
Maximum Lots and Trading Conditions
The Bespoke Funding Program Prop Firm has specific limits on the maximum lots traders can have open across all pairs at any given time. The maximum lots available depend on the account size. Here are the maximum lots available for different account sizes:
– $10,000: 3 lots with risk
– $25,000: 7.5 lots with risk
– $50,000: 15 lots with risk
– $100,000: 30 lots with risk
– $250,000: 75 lots with risk
– $500,000:150 lots with risk
– $1,000,000: 300 lots with risk
Traders should note that if too many trades are placed with risk, the system may liquidate all trades that currently have risk. Margin and leverage requirements apply, meaning traders may not be able to trade up to the maximum lot sizes.
Inactivity Rule For Bespoke Funding Program
To ensure active participation and engagement, the Bespoke Funding Program Prop Firm has an inactivity rule. Traders are required to place at least one trade every 30 days to maintain an active account. Failure to meet this requirement may result in the account being considered inactive and may lead to a breach of the account.
Support and Customer Service
The Bespoke Funding Program Prop Firm prioritizes customer support and provides multiple channels for traders to seek assistance. Traders can reach out to the support team via email at support@bespokefundingprogram.com for any queries, concerns, or technical assistance.
Additionally, the firm maintains an active presence on social media platforms such as Twitter (https://twitter.com/Bespoke_Funding), Discord (https://discord.gg/bespokefundingprogram), and Telegram (https://t.me/+wEq24lq_9YM4YzI8). Traders can engage with the community, access real-time updates, and connect with fellow traders through these platforms.
Conclusion
The Bespoke Funding Program Prop Firm offers traders a unique opportunity to access capital, leverage, and favorable trading conditions. With its range of funding options, challenges, and account types, traders can tailor their trading journey to their preferences and goals. The firm’s commitment to risk management, quick payouts, and reliable customer support further enhances the overall trading experience.
To learn more about the Bespoke Funding Program Prop Firm and explore the potential it holds for your trading endeavors, visit their website www.bespokefundingprogram.com
FAQs
Q1. What is the maximum funding available through the Bespoke Funding Program Prop Firm?
The Bespoke Funding Program offers a maximum funding allocation of $4,000,000, allowing traders to access substantial capital for their trading activities.
Q2. Can I participate in the Bespoke Funding Program if I breach certain trading parameters?
Yes, even if you breach certain trading parameters, you will still receive a payout of your profit split, providing you with the opportunity to recover and continue trading.
Q3. Which trading platforms are available for traders in the Bespoke Funding Program?
Traders in the Bespoke Funding Program have access to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, offering a comprehensive set of tools and features for effective trading.
Q4. Are there different types of challenges available in the Bespoke Funding Program?
Yes, the Bespoke Funding Program offers different challenges, such as the Classic Challenge, 2Step Rapid Challenge, and 1Phase Challenge, each with its own characteristics and account sizes to cater to traders’ diverse needs.
Q5. What are the leverage requirements in the Bespoke Funding Program?
The leverage requirements vary depending on the challenge and asset class. For example, in the Classic Challenge, the leverage for indices is 1:10, for metals is 1:30, and for forex is 1:60.
