Lark Funding is a new proprietary trading firm, established in summer 2022, with simple and straightforward rules offering two different funding options with multiple account sizes. The first is a 1-Step evaluation (accelerated funding) and the second, a 2-Step evaluation stage both with no time limits. Working with Lark Funding, traders can leverage their trading potential, improve their risk management skills, and capitalise on lucrative opportunities in the dynamic forex market. The company makes everything as clear as possible, without any complex regulations and constraints, and provides top quality customer support. They are growing quickly and aspiring to become a leader in the prop trading industry.
One-Step Challenge
With Lark Funding, traders can take all the time they need to achieve the very reasonable profit target of 10%. They have removed all the pressure that comes with needing to succeed in a two-stage evaluation or trading on an instant funded account. You have a choice of a variety of funded accounts and trades up to $1,000,000, without any minimum or maximum trading day requirements, enabling you to pass on the same day or alternatively take your time.
Account Size | $25,000 | $50,000 | $100,000 | $250,000 | $500,000 | $1,000,000 |
Profit Target | 1-Step Evaluation = 10% | |||||
Min./Max. Trading Days | None | |||||
Daily Max Loss | 5% | 5% | 5% | 5% | 5% | 5% |
Max Trailing Drawdown | 6% | 6% | 6% | 6% | 6% | 6% |
Leverage | 1:10 (upgrades available to 1:20 upon checkout) | |||||
Live Account Profit Split | 75% profit split | Up to 90% | |||||
Cost | $225 | $400 | $700 | $1,750 | $3,500 | $7,000 |
1-Step Lark Funding Evaluation
Two-Step Challenge
Account Size | $25,000 | $50,000 | $100,000 | $200,000 |
Profit Target | Phase 1 Profit Target = 8% Phase 2 Profit Target = 5% | |||
Min./Max. Trading Days | None | |||
Daily Max Drawdown | 5% | 5% | 5% | 5% |
Max Trailing Drawdown | 10% | 10% | 10% | 10% |
Leverage | 1:25 (upgrades available to 1:50 upon checkout) | |||
Live Account Profit Split | 75% profit split | Up to 90% | |||
Cost | $225 | $325 | $525 | $1000 |
2-Step Lark Funding Evaluation
Throughout all phases of your partnership with Lark Funding, trading takes place through a demo account to best assist you with your needs.
Traders should be aware that a Funded Account is a fully simulated account with real market quotes from liquidity sources, meaning mistakes are prevented. Another prop trading firm partners with Lark Funding to receive the trading data and copy each deal of their own accord, using aggregated orders and proprietary risk management procedures.
Process
Getting underway with Lark Funding is simple – there are three steps to becoming a funded trader, as follows:
Signup
To begin with, you need to sign up for a Lark Evaluation in order to become funded. Select the account size that suits you, choose your add-on selections during the checkout process, and the firm sends you an email immediately with your trade credentials. The support team is on hand to help if after half an hour you haven’t received these – just send them an email.
Lark Evaluation
Your evaluation begins when you have completed your purchase. You must make a minimum of one trade every 30 days in order to keep your account active. At present, the challenge fee is not refundable.
As the firm likes to keep proceedings simple, the Lark Evaluation is the sole phase in the evaluation process. To successfully pass this, you need to demonstrate your trading skills and discipline.
Lark Funded Trader
Once you have successfully passed your assessment, you will receive an email from Deel about how to access and complete your Trader Agreement. Once this is completed and you have submitted all the necessary documentation, it generally takes 24 to 48 hours for your funded account to be created, funded and delivered to you.
At this point, you are a Lark Funded Trader, meaning that if you sustain regular trading, you can enjoy a profit share of up to 90%. Funded Traders can request a profit withdrawal once a month.
Maximum capital | $1,000,000 |
Profit split | 90% |
News trading | Yes |
Weekend trading | Yes |
Automated trading | Yes |
Maximum leverage | 1:50 |
Lark Funding Features
Trading Rules
Rules-wise, Lark Funding keeps nothing hidden; all rules are made explicit. However, there are a few essential guidelines to follow and objectives to meet in order to keep your funded account. Any trades that break these rules will be closed in the event of a soft breach, but you can continue to trade using your Assessment or Funded Account.
A hard breach is when you break either the maximum trailing drawdown or the daily loss cap; committing a hard breach means that you will either fail the Assessment or lose your funded account. You will still have access to your share of the profits in your Funded account at the time of a hard breach.
For example, if you had a $100,000 that you had grown by $10,000 to $110,000 and then committed a hard breach you would still receive your 75% cut of the earnings, i.e., $7,500.
Both the Assessment and Funded Accounts share identical regulations, but there is no limit on the profits you can make with a Funded Account.
Daily Loss Limit
Lark Funding has a fairly low daily loss limit of 5%, though this does encourage disciplined money management. The daily loss limit is determined by the end-of-day balance (17.00 EST) from the day before. For example, if your equity fell to $94,000 from $100,000 the previous day, you would have exceeded the 5% daily loss limit.
Maximum Drawdown
The Maximum Trailing Drawdown is the highest amount that can be taken from your account without you committing a hard breach. This is set at 6% of your opening amount to begin with, and as soon as you reach 6% profits in your account, the 6% will catch up to your closed trading amount. The maximum trailing locks in at your initial amount and once you have accrued 6% in your account, it stops trailing your account, thereby protecting the company while at the same time allowing you to grow your account and buffer indefinitely, making trading less stressful.
For example, a trader starting out with $100,000 can withdraw as much as $94,000 before breaking the Maximum Trailing Drawdown rule. If you then grow your account to $102,000 in closed balance, the Maximum Trailing Drawdown becomes $96,000. Your Maximum Trailing Drawdown is fixed at your original beginning balance – in this case $100,000 – even if later your account grows to $115,000, indicating that a 15% drawdown is possible before you hit your Maximum Drawdown. Do note that the 5% Daily Drawdown is always in effect. If you increase the balance of your account by 5%, or make a withdrawal request, the 6% trailing drawdown is disregarded and your maximum drawdown locks in at your beginning balance, depending on which happens first.
Stop Loss
Lark Funding requires traders to place a stop loss on all trades, considering this to be good money management and therefore helping you to succeed in the long-term. Doing so prevents unnecessary drawdowns and big losses.
If you fail to set a stop loss when placing an order or executing a trade, the system automatically closes the trade. However, this is only considered to be a “soft” breach of the regulations and you can still continue to trade your account.
Weekend Trading
Traders have the option of holding trades over the weekend during checkout; this would cost an extra 10% of their challenge fee. Lark Funding requires traders who don’t take this option to close all trades on Friday by 15.45 EST, as unforeseen events may take place over the weekend. Open trades are automatically closed after this time. However, this is only a soft breach of regulations and traders can take up trading again once the markets reopen.
Trading Strategies
You are allowed to trade the news, and Lark Funding also allows automated trading with proprietary firm expert advisors (EAs) as long as they don’t use arbitrage strategies or high-frequency trading (HFT).
Lot Sizes
The maximum open lots across all pairs that a trader can have at any time with 1:10 leverage are as follows:
- $50K – 5 lots with risk
- $100K – 10 lots with risk
- $250K – 25 lots with risk
- $500K – 50 lots with risk
- $1,000,000 – 100 lots with risk
With 1:20 leverage, the maximum allowed lot with risk is as follows:
- $50K – 10 lots with risk
- $100K – 20 lots with risk
- $250K – 50 lots with risk
- $500K – 100lots with risk
- $1,000,000 – 200 lots with risk
Once a transaction is profitable and you have adjusted your stop loss to breakeven or to be in profit, it is no longer considered to be running with “open risk”. This means you can open new trades with bigger lots.
For example, if you have a $500,000 account and your stop loss is either at breakeven or in profit, you can enter another trade with an extra 50 lots, bringing you to a total of 100 lots. If you perform more trades than the maximum allowed lots, all open positions will be instantly liquidated.
Traders should bear in mind that restrictions for leverage and margin continue to apply, so you may not be able to trade up to the maximum allowed lots, subject to the particular trade and the account’s leverage.
Inactivity
You are required to trade at least once every 30 days; otherwise, your account will be breached due to inactivity.
Leverage
Leverage of 1:10 is offered on Forex, Metals, and Indices for all regular accounts. Traders have the chance to double their leverage to 1:20 by paying an additional 25% of the challenge cost at checkout. Typical leverage is 1:5 for equities and 1:2 for cryptocurrencies. Trades on an $100,000 account can be opened with a 1:10 leverage up to a maximum of 10 lots, and when leverage is doubled to 1:20 then you are allowed to open 20 lots with risk.
Commission
Lark Funding uses Eightcap raw account, which has commission charges for Forex and Equity Share CFD, but not for other products like indices and commodities.
Brokers
Lark Funding partners with the well-regarded brokerage firm Eightcap, who work with many other prop trading firms, such as The Funded Trader. They enable you to trade without commission fees, with low spreads, fast trade execution and very competitive prices. Traders can be reassured that Eightcap are regulated and therefore trustworthy.
Trading Platforms
Lark Funding offers a choice between two of the industry’s most popular trading platforms: MetaTrader 4 (MT4) or MetaTrader 5 (MT5). MetaTrader platforms are held in high regard by millions of retail traders globally and are fully equipped with a range of robust trading tools to help you build your strategies and make informed trade decisions.
The interface is accessible and can be adapted to meet your trading needs. A vast number of add-ons, both complimentary and paid, further expand the possibilities offered by the platforms. MT4 and MT5 work for manual trading and for those who want to run automated systems and are offered by several other prop firms too.
If you are using MT5, you can trade using TradingView via Eightcap integration as soon as you have a funded account – to do so, you need to choose MT5 when registering.
Instruments
Eightcap offers a great range of instruments across a variety of asset classes, including forex currency pairs, indices, commodities, precious metals, cryptocurrencies, and equity shares. Whatever your interests, you’ll find something to trade!
Once you start live trading with Lark Funding, you become part of the team and are legally contracted to their business. The prop firm works with Deel, who act as their remote workforce management tool, contracting you to Lark Funding and paying out your earnings.
Deel supports a wide range of payment methods, including Bank Wire (ACH), SEPA, PAD, Brex, BACS, and credit and debit card payments. Traders also have the option of paying with a manual transfer through their bank, Mercury or Wise account. A further option is to send a cryptocurrency transfer through Coinbase.
You have to withdraw a minimum of $100, and it generally takes between one and four business days to process the withdrawal.
You can request your first payout once you have had your funded account for 30 days. The prop firm withdraws their share of the profit when you make each withdrawal request.
To request a withdrawal, you email Lark Funding’s support team, specifying how much you want to withdraw. Your share of the profit is then sent to your Deel account, from where you withdraw it using any of the options detailed above.
- No time limits
- 90% profit share
- Trade up to $1,000,000
- Trade with zero commission fees and tight spreads
- Reliable trade execution speeds
- A good range of trading instruments
- Fair, straightforward rules
- Weekend trading, news trading, overnight holding and expert advisors allowed
- No scaling plan
- Relatively new prop firm
- No free trial offered
- The fee is non-refundable
In conclusion, Lark Funding offers a strong package for those seeking to challenge their trading skills and get funded. Their straightforward one-stage evaluation process qualifies you for a funded account once you have passed. Trading conditions are excellent, featuring a variety of trading instruments on the MetaTrader platforms through their partnership with the reputable Eightcap brokerage firm.
At 90%, the profit share is substantial, and trading conditions are undemanding, including no time limits, no minimum trading days, and no consistency rules in place. Thanks to a user-friendly application process and accessibility to traders with diverse credit scores, Lark Funding presents a convenient, effective funding opportunity for traders in the dynamic forex market.
