Yet another retail prop trading firm seems to be finding itself in a spot of trouble, with Harpenden, UK based prop firm Bespoke Funding P
Yet another retail prop trading firm seems to be finding itself in a spot of trouble, with Harpenden, UK based prop firm Bespoke Funding Program (at website bespokefundingprogram.com) finding itself delisted from popular prop trading comparison site Propfirmmatch.com.
In a fairly harshly worded statement issued on X (formerly Twitter), Propfirmmatch stated that its decision to delist Bespoke Funding was due to multiple reports of payout delays and denials, and widespread user dissatisfaction across social media and Trustpilot over time, and recently through its own newly launched Propfirmmatch Reviews.
Reflecting on this, Propfirmmatch called its delisting of Bespoke Funding as “overdue”.
Last October UK financial regulator The FCA issued a warning about Bespoke Funding, stating:
This firm may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams… This firm is not authorised by us and may be targeting people in the UK.
Bespoke Funding is run by 23-year-old CEO Lewis Kaler, who periodically posts on Instagram showing himself and some of his colleagues in private planes, luxury sports cars, or interesting locales. The company Bespoke Funding Program Ltd is controlled by Lewis Kaler and co-founder Zak Wilding.
Belgium’s FSMA recently became the first major EU regulator to warn against the prop trading firms, warning retail traders that prop firms are there to make money by selling Challenges to retail traders, with the possible ‘reward’ of a profit-share from a funded trading account not always materializing.
fxnewsgroup.com
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