Get a quick but detailed guide to Lucrative Bespoke Funding Payout System!
P.S. Stay with us to get a discount code!
Bespoke Funding is a UK-based prop trading firm founded in September 2022 that offers funded trading accounts up to $4 million to aspiring traders globally.
The company has quickly gained popularity in the prop trading industry for its high-profit splits and flexible bi-weekly payout system.
Traders retain 80% of net profits generated, one of the highest baseline splits offered in the prop trading industry.
This article provides a comprehensive overview of how Bespoke Funding's payout process works.
Bespoke Funding Program
The Bespoke Funding Program offers a unique payout structure for traders participating in their proprietary trading firm. The payout is primarily based on a profit split arrangement, where traders receive a significant portion of the profits generated from their trading activities.
| Key Information | Details |
|---|---|
| BFP CEO | Offers funding for traders through various challenge account types like Classic, Rapid, and 1Phase.Allows access to platforms like MT4 and MT5 for trading forex, commodities, indices, and cryptocurrencies. Grants instant account credentials and platform access to traders once challenges are purchased. A key focus area is providing good customer support and user experience throughout the trading journey. |
| Available Account Types | BFP CLASSIC CHALLENGE BFP TRADER'S CHOICE |
| Key features | You can contact the Bespoke Funding Program through support@bespokefundingprogram.com.They aim to answer all emails within 24 hours on business days. Their customer support is also available through Discord, Live Chat, and Twitter. |
| Partner | Bespoke Funding Program has partnered with ThinkMarkets as their broker. |
| Support | You can contact the Bespoke Funding Program through support@bespokefundingprogram.com.They aim to answer all emails within 24 hours on business days. Their customer support is also available through Discord, Live Chat, and Twitter, Contact us. |
What are Payouts?
Umm…Wait a minute…What even are these Payouts🥴
In the context of forex trading, payouts refer to the financial returns or profits a trader receives from their trading activities. Forex trading involves the simultaneous buying and selling of currencies. The profit or loss results from the difference in the price at which the trader bought and sold a currency pair.
For example, if a trader buys a currency at a low price and sells it at a higher price, they make a profit. Conversely, if they sell at a lower price than they bought, they incur a loss.
The actual calculation of profit and loss in a position is quite straightforward. To calculate the profit or loss of a position, what you need is the position size and the number of pips the price has moved.
The profit or loss is usually expressed in the quote currency, and if it's not in the trader's account currency, it will have to be converted. All brokerage accounts automatically calculate the profit and loss for all your trades.
What is the Bespoke Funding Payout System?
The Bespoke Funding payout system allows successful funded traders on its platform to withdraw their share of profits generated from trading the company's capital.
Traders can request payouts every 14 days after an initial 14-day waiting period from opening their funded account.
As per Bespoke's terms, traders need to email their payout requests to support@bespokefundingprogram.com after meeting the eligibility criteria. The firm verifies account performance and trading conditions before releasing funds via bank transfer, crypto wallets, or other payment methods within hours
Key Benefits of Bespoke Funding's Payout Process
Bespoke Funding provides several advantages with its payout structure:
- 14-day payouts: After the initial 14-day waiting period, traders can access bi-weekly payouts without needing to send requests repeatedly. This allows regular income flow.
- 80% profit split: Traders retain 80% of net profits generated, one of the highest baseline splits offered in the prop trading industry.
- No withdrawal fees: Bespoke Funding does not charge any commissions or fees on profit payouts to traders.
- Payment flexibility: Traders get payout flexibility with options for bank transfers, crypto, and other payment methods.
Step-by-Step Bespoke Funding Payout Procedures
The standard payout process on Bespoke Funding involves these key steps:
- 14-day waiting period: Traders must wait 14 days after funding their account before requesting the first payout. This is a one-time requirement.
- Payout request: Eligible traders email their request every 14 days or longer intervals if desired. Requests are processed within hours.
- Verification: Bespoke verifies account metrics like drawdowns, trading activity, etc. before approving payouts.
- Fund disbursal: Within hours of approval, funds get credited to the trader's chosen payment method.
Account Scaling Incentivizes Profitability
Bespoke Funding aims to incentivize consistent profitability by offering account size increases together with improved profit splits:
- Traders who achieve over 8% net profit for 3 out of 4 months get a 40% account balance increase.
- Balance increases also boost profit splits up to 90% permanently, allowing traders to earn even higher payouts long-term.
Can I still get Payouts if I breach trading rules?
Yes, you little rule-breaker (not cool), you can still receive payouts if you breach trading rules in the Bespoke Funding Program, provided your account is still in profit.
Bespoke Funding has introduced a policy that allows traders to receive their profit split even if they breach their account rules. This approach is somewhat unique in the proprietary trading firm industry, where breaches of account rules typically result in the termination of the trader's account and forfeiture of profits.
However, it's important to note that while you may still receive payouts after breaching certain rules, there are specific prohibited trading activities that could lead to the termination of your participation in the program and forfeiture of any fees paid.
These prohibited activities include exploiting pricing or platform errors, using non-public or insider information, front-running trades, trading in ways that jeopardize the broker's relationship or create regulatory issues, and using third-party or off-the-shelf strategies designed to pass assessment accounts.
Therefore, while Bespoke Funding offers a more lenient approach towards rule breaches by still allowing profit payouts, traders must be cautious not to engage in prohibited trading activities that could result in more severe consequences.
Bespoke Funding Ratings and Reviews
It has a whopping 4.4/5.0 on Trustpilot!
A rating of 4.4 out of 5.0 on Trustpilot indicates a very high level of customer satisfaction. It suggests that the majority of customers who have reviewed the product or service have had positive experiences and are likely to recommend it to others. This rating reflects a strong reputation for reliability, quality, and customer service.
Let’s take a look at some real reviews by real people!
Bespoke Funding Review 1
Bespoke Funding Review 2
FAQs Regarding Bespoke Funding
What is the maximum funding available at Bespoke Funding?
The maximum funding allocation is $4,000,000.
What trading platforms are available?
Traders have access to MetaTrader 4 (MT4) and MetaTrader 5.
What types of challenges are offered?
Bespoke offers the Classic Challenge, 2Step Rapid Challenge, and 1Phase Challenge with different account sizes.
What is the leverage available?
Leverage options are 1:100, 1:200, or 1:500 depending on the account type.
How is the daily loss limit calculated?
It is balance-based, initially set at 8% of the opening account balance.
What is the minimum age to join?
18 years is the minimum age requirement.
What payment methods are available?
Payout methods include bank transfers, crypto wallets, and other options.
Wrapping Up on Bespoke Funding Payout
Well, well, as promised… Here’s your Bespoke Funding discount code! <3
Bespoke Funding provides a well-structured, convenient, and lucrative payout system for funded traders. The bi-weekly payment frequency, high-profit splits, and responsiveness in processing withdrawals make their system stand out in the prop trading industry.
As Bespoke expands its global trader base, its payout process will likely keep evolving to set higher standards.
