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Info
Popularity & Trust
Trust Pilot Reviews: 1174
Trust Pilot Rating: 4.2
Last Update: June 4, 2024
Exist: 2 Years
Trust Score: 7.6 / 10*
TRUST NOTE
The Trustpilot ranking for this firm has been disabled due to fake review detections. Before that Bespoke Funding had a ranking of 4.2 Keep this trust issue in mind when deciding to trade with this firm. Because of this issue we have dropped the Trust Ranking by 1 Tier
The more reviews and the longer the firm existed will increase its Trust Score
Challenge Value
PRICE RATING
10K Fee: $129
25K Fee: $239
50K Fee: $329
100K Fee: $529
Price Score: 116*
The Price Score is calculated comparing 10K, 25K, 50K and 100K challenge costs. The average challenge Price Score is around 100. A lower number is better and means cheaper challenges.
DIFFICULTY RATING
P1 Target: 8%
P2 Target: 5%
Max Drawdown: 10%
Max Daily DD: 5%
Difficulty Score: 1.3*
Difficulty Rating is calculated on your total drawdown % compared with your total target %. Lower is better
VALUE RATING
Value Rating: 5.5 / 10*
The Value Rating is a combination of the cost of the challenges and the difficulty of passing the challenge. The best Value Rating has a score of 10 and the lowest a score of 1
CHALLENGE NOTES
The Classic Challenge offers the best value and is the one we reviewed.
Rules & Restrictions
Leverage: 60:1
Daily Drawdown Type: 😀 Balance Based
Challenge Time Limit: 😀 No Time Limit
News Trading: 💀 No (Disqualify)
Hold Weekends: ❌ No (Auto Close)
EA's : ✅ Some Allowed
Other: ❌ Lot Size Restrictions,❌ Long wait for Funded Account,❌ Bad Fills
NEWS TRADING
There are no restrictions during the challenge phase. However, on funded phase, you cannot open or close a trade 2 minutes before or after news. This will result in any profits being lost and account being breached.
NEWS TRADING
Holding over the weekend is not allowed and all trades are automatically closed at 3:45PM on Fridays.
EXPERT ADVISORS
EA’s are allowed, but not the following: HFT, Martingale, Arbitrage, Tick Scalping
OTHER NOTES
4 Lots limit for every $10k account size. (On $100k account you will have a 40Lots limit).
It is also worth mentioning that the waiting period with this firm between accounts are incredibly long. Once you pass your phase 2 there is a 5 day waiting period for verification. Then you sign a contract there there is another 5 day waiting period before you get your account. So that is 2 weeks of unnecessary waiting for a live account. This can be incredibly frustrating and cost you lots of opportunities.
*Please visit the firms website for updated terms & conditions
Trade Cost
FOREX SPREAD
FX Commission: $5
EU Spread: 2
UJ Spread: 1
UF Spread: 7
FX Spread Score: 8.3
INDEX SPREAD
Index Commission: $5
NAS Spread: 40
S&P Spread: 30
DOW Spread: 100
Index Spread Score: 10.7
SWAP FEES
Swap Score 9
NOTES
At the time of review there were no Swap Fees on Nasdaq and Dow Jones for some strange reason. (There is a swap fee on S&P)
Payouts & Scaling
Fee Refund: None
Simulated Share: None
Profit Share: 80%
Scaling: ✅ Yes*
Merging: 😃 Yes
Max Combined Accounts: $400000
REFUNDS & BONUSSES
Refund on first payout
SCALING
Be profitable for 2 out of 3 months, with 3 withdrawals for a 10% increase.
MERGING
Accounts need to be at initial balance. Up to $400K
Please visit the firms website for updated terms & conditions
Pro’s & Con’s
✅ PRO’S
✅ MetaTrader Support ✅ Good Index Spread ⭐ Great Swap Fees ⭐ Easiest 2-Step Challenge ✅ Daily DD Balance Based ✅ No Challenge Time Limit ✅ Some EA’s Allowed* ✅ Auto Close Pass Challenges,✅ Big Challenge Discounts ✅ Merging Allowed* ✅ Bi-Weekly Payouts ✅ Crypto Payouts
❌ CON’S
❌ Low Trust Rating ❌ High Challenge Fees 💀 News Trading Not Allowed (Disqualify) ❌ Hold Weekends Not Allowed ❌ Lot Size Restrictions,❌ Long wait for Funded Account,❌ Bad Fills ❌ No Fee Refunds
Summary & Rating
THE UPSIDE
There are very few trade restrictions and an easier 2-phase challenge. The auto-close feature during the challenge is something few firms offer. The challenge fee refund, good index spreads and swap fees, bi-weekly payouts, and merging are all positives. Additionally, there are plenty of discount promotions that greatly increase the firm's challenge value.
THE DOWNSIDE
The biggest downside is the Trust issue. The challenge fees seem high, but significant discounts can negate this, which might also be a red flag for trust. You can also lose your account if you execute any orders during a news window. I have personally had some very bad fills with this firm and the waiting period for the funded account is incredibly unnecessary and frustrating. Almost like they don’t want traders to be active on live accounts.
IN SUMMARY
This firm has a relatively low Trust Ranking, and I can't personally vouch for them yet. Considering the low challenge fees though and excellent value, it might be worth having one account with them if you trade with multiple firms, but I wouldn't put all my eggs in this basket. For now, I rank this as a Tier 3 option.
* Please let us know about your experience with this firm if you have used them. The feedback form is below
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