Lark Funding Review
Lark Funding have a one-stage challenge with no time limits. Trade with flexible conditions on a funded account up to $1,000,000 and get a profit share of 90%.
Founded in summer 2022, Lark Funding is a prop trading firm with a simple 1-stage evaluation process that has no time limits. There are no complicated rules or constraints to try and deliberately trip traders up. Everything is transparent and backed with excellent customer support. They are rapidly growing and becoming a household name in the prop trading industry.
One-Step Challenge
There is no need to stress trying to beat a 2-phase evaluation or handle the pressure of trading on an instant funding account. Instead, you can take your time with Lark Funding to try and make the very achievable 10% profit target. You can choose from a good range of funded accounts and trades up to $1,000,000 with no minimum or maximum trading days requires. This means you can pass on the same day or take as long as you need.
| Account Size | $50,000 | $100,000 | $250,000 | $500,000 | $1,000,000 |
|---|---|---|---|---|---|
| Target | 1-Step Evaluation = 10% | 10% | 10% | 10% | 10% |
| Min./Max. Trading Days | None | None | None | None | None |
| Daily Max Loss | $2,000 | $4,000 | $10,000 | $20,000 | $40,000 |
| Overall Drawdown | $2,500 | $5,000 | $12,500 | $25,000 | $50,000 |
| Leverage | 1 : 10 (upgrades available upon checkout) | 1:10 | 1:10 | 1:10 | 1:10 |
| Live Account Profit Split | 75% profit split | Up to 90% | 75-90% | 75-90% | 75-90% | 75-90% |
| One Time Fee | $400 | $700 | $1,750 | $3,500 | $7,000 |
Trading occurs through a demo account during all phases of the partnership between Lark Funding and the customer in order to best serve clients.
Please remember that a Funded Account is a fully simulated account with real market quotes from liquidity sources in order to avoid any mistake. A partnered proprietary trading firm receives the trading data and copies the deals at their discretion using aggregated orders and proprietary risk management methods.
Process
The process to get started with Lark Funding is pretty straightforward. You just need to follow the 3 steps to becoming a funded trader which are as follows:
Signup
To become a funded trader, you must first sign up for a Lark Evaluation. Choose the account size that you want, make your add-on selections during the checkout process, and they will email you your trade credentials right away. If for whatever reason you haven’t received them after 30 minutes, please email support team and they will follow it up for you.
Lark Evaluation
Following the completion of your purchase, your evaluation gets started. In order to keep your account active, please remember the 30-day rule of inactivity and make sure you execute at least one trade each 30 days. The challenge fee is not currently refundable.
Lark Funding prefers to make things straightforward. The Lark Evaluation is the only phase in the evaluation process as a result. You must now demonstrate to them your trading abilities and discipline in order to successfully pass the evaluation phase.
Lark Funded Trader
After passing your Assessment, Deel will send you an email with details on how to access and finish your Trader Agreement. Your funded account will be created, funded, and delivered to you typically within 24-48 hours after the completion of the Agreement and submission of all required papers.
If you make it this far, you are a Lark Funded Trader. This means that up to 90% of your gains could be yours if you keep up your regular trading. Funded Traders can request a profit withdrawal every 30 days.
Trading Rules
With Lark Funding, there are absolutely no secret rules. A rule that isn’t visible is one that doesn’t exist. That being said, there are some basic guidelines you must follows and objectives you need to achieve in order to not breach any of the rules and keep your funded account.
All trades that broke the rule will be closed in the event of a soft breach. You can still trade using your Assessment or Funded account, though.
A hard breach occurs when you violate either the maximum trailing drawdown or the daily loss cap. If you commit a hard breach, you will either fail the Assessment or lose your funded account. If you have profits in your Funded account at the time of a hard breach, you will still receive your portion of those profits.
Assume that you start with a $100,000 account and grow it to $110,000. They would close the account if you experienced a hard breach after that. You would receive your 75% share ($7,500) of the earnings ($10,000).
The Funded Account follows the exact same regulations as your Assessment Account. However, there is no cap or restriction on the amount of profits you can make with a Funded Account.
Daily Loss Limit
The daily loss limit is 4% which is quite low but does encourage sensible money management. The end-of-day balance (5 pm EST) from the previous day is used to determine the Daily Loss Limit.
Example: If your equity dropped to $96,000 the following day from $100,000 the day before, you would have exceeded the Daily Loss Limit of 4%.
Maximum Drawdown
The Maximum Trailing Drawdown is the highest amount that can be deducted from your account without causing a hard account breach. Your Max Trailing Drawdown is initially set to 5% of your opening amount when you open the account. As soon as you hit 5% profits in your account, this 5% will catch up to your closed trading amount. The maximum trailing locks in at your initial amount and stops trailing your account once you have accumulated 5% in your account.
This serves to safeguard the prop firm while also enabling you to expand your account and buffer indefinitely, reducing stress while trading.
For instance, if you start with $100,000, you can withdraw up to $95,000 before breaking the Maximum Trailing Drawdown regulation. If your account grows to $102,000 in closed balance, for instance, your new Maximum Trailing Drawdown would be $97,000. Your Maximum Trailing Drawdown is fixed at your initial beginning balance ($100,000) even if your account grows to $115,000 later. This indicates that a 15% drawdown is possible before you reach your Maximum Drawdown. Please be aware that the 4% Daily Drawdown will always be in effect.
When you increase the balance in your account by 5% or make a withdrawal request, the 5% trailing drawdown is eliminated and your maximum drawdown locks in at your beginning balance. Whichever occurs first.
Stop Loss
You have to place a stop loss on all trades because they consider this to be smart money management which is the key to long term trading success. It helps to avoid unnecessary drawdowns and prevent large losses.
The system will automatically close the trade if you don’t set a stop loss while placing an order or executing a trade. You can continue trading your account because this is simply a soft infringement of the regulation.
Weekend Trading
Traders can choose the option to hold trades over the weekend during checkout for an extra 10% of their challenge fee.
Due to unforeseen occurrences that may occur over the weekend if this option is not chosen, they require all trades to be closed by 3:45 pm EST on Friday.
After this time, all open trades will be automatically closed. Keep in mind that this is simply a soft breach, and once the markets reopen, you can resume trading.
Trading Strategies
Lark Funding allow news trading and automated trading with prop firm expert advisors (EAs) provided they do not use high-frequency trading (HFT) or arbitrage strategies.
Lot Sizes
Below are the maximum open lots across all pairs that a trader can have at any given time with 1:10 leverage:
- $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 lots 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
The transaction is no longer regarded as running with “open risk” after it is profitable and you have adjusted your stop loss to either breakeven or in profit. As a result, you are free to open new trades with bigger lots.
On a $500,000 account, for instance, if you enter a trade with 50 lots, you can enter a second trade with an extra 50 lots to make a total of 100 lots after your stop loss is at breakeven or in profit. The system will immediately liquidate all open positions if you perform more trades than the maximum allowed lots.
Remember that the restrictions for leverage and margin still apply. Hence, even though these are the most lots that can be traded, depending on the particular trade and the account’s leverage, it’s conceivable that you won’t be able to trade up to the maximum.
Inactivity
All traders must complete at least one trade on their account once every 30 days in order to avoid having their account breached because it would be deemed inactive.
Leverage
Leverage of 1:10 is available on Forex, Metals, and Indices for all regular accounts. Upon checkout, all traders have the opportunity to pay an extra 25% of the challenge cost to double their leverage to 1:20. Standard leverage for equities is 1:5, and for cryptocurrencies it is 1:2.
Trades can be opened on a $100,000 account with a 1:10 leverage up to a limit of 10 lots. The trader is permitted to open 20 lots with risk when their leverage is doubled to 1:20.
Commission
The prop firm use Eightcap raw account which do have commission charges for Forex and Equity Share CFDs. The other products, such as commodities and indices do not carry a commission.
Withdrawals
After receiving your funded account for 30 days, you can request your first profit withdrawal. The prop firm will also withdraw their portion of the profits at the time of any withdrawal request.
To make a withdrawal, you need to send an email to the support team with the amount you wish to withdraw when you are ready to take your well-earned winnings. Your profit split will then be posted to your Deel account, where you can withdraw it using any of their many and varied withdrawal options.
Your drawdown does not restart following a withdrawal; it is instead permanently locked down at the initial value of your funded account, in this example $100,000. If you withdraw $15,000 from a $100,000 account after it grows to $115,000, you will have violated the maximum Trailing Drawdown Regulation (please refer to above).
Your drawdown will be limited to the initial balance of the starting account upon your first withdrawal or when you reach 5% profit.
This implies that if you have $115,000 and remove $10,000, you will receive your money and your funded account will still be open and tradeable. Your “max” drawdown is now $5000 due to the drawdown being capped at the initial $100,000. Also, if you compound $100,000 to $400,000, you will have a $50,000 cushion for your drawdown and be able to seek a withdrawal of $250,000 right away.
Brokers
Lark Funding have partnered with the reputable Eightcap brokerage firm. This broker works with lots of other prop firms including FTUK and The Funded Trader. You can trade with low spreads, zero commission fees and excellent trade execution speeds at the best available prices. Eightcap are regulated which gives traders the peace of mind that they can be trusted and will operate in an open and honest manner.
Platforms
Lark Funding provide you with a choice of the 2 most popular trading platforms in the industry. You can trade either on MetaTrader 4 (MT4) or MetaTrader 5 (MT5). The MetaTrader platforms are widely regarded by millions of retail traders across the globe. They come fully loaded with a plethora of robust trading tools to build your strategies and make informed trade decisions.
There is a user-friendly interface that can be fully customised according to you own trading preferences. You can also expand the possibilities of the platforms with thousands of free and paid add-ons. Whether you want to trade manually or run automated systems, MetaTrader has you covered. FTMO and SurgeTrader are a couple of other prop firms that have both the MT4/5 platforms.
Once you get a funded account, you can trade using TradingView via Eightcap integration, but only if you are using MT5. If this is something you want to do, please make sure to select MT5 when registering.
Instruments
If Eightcap offers it, you can trade it! This includes forex currency pairs, indices, commodities, precious metals, equity shares and cryptocurrencies. There is a great variety of financial instruments across different asset classes with something for everyone to trade, regardless of your interests.
| Maximum capital | $1,000,000 |
| Profit split | 90% |
| Scaling | No |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:20 |
Overall, Lark Trading has a solid offering for anyone who is looking to put their trading skills to the test with a simple 1-stage evaluation process that will qualify you for a funded account should you pass with flying colours. The trading conditions are very good, with a great choice of trading instruments available on the MetaTrader platforms in partnership with the reregulated Eightcap brokerage firm. The profit targets are achievable and drawdowns reasonable. There is a generous 90% profit share and very lenient trading conditions, including no time limits.
On the other hand, there isn’t much information currently available regarding this prop firm and the people behind it. Perhaps this is due to them being relatively new to the industry but that may deter some aspiring traders compared to more well-known prop firms such as FTMO. There is no scaling plan and leverage is capped at just 1:20. If you can see pass these limitations and are looking for a hassle-free prop trading service with simple terms, they are certainly worth giving consideration.
