Lark Funding is a well-known proprietary trading firm that offers traders the chance to access significant capital without risking their own money. The firm’s 3-Stage Evaluation is designed to test your trading skills before granting you a funded account. This evaluation process is essential for ensuring that only the most disciplined and capable traders receive funding. In this article, we’ll break down Lark Funding’s 3-Stage Evaluation, explaining what you need to do at each stage, including profit targets, drawdowns, and more. Whether you’re an experienced trader or just starting out, understanding these details will help you pass the evaluation and get funded.

Profit Target :-

Phase 1:

In Phase 1, your profit target is set at 5%. This means you need to grow your account by 5% before moving on to the next phase. It’s a manageable target, but you’ll need to be careful and strategic with your trades.

Phase 2:

Phase 2 is where things get a bit easier. The profit target is slightly lower at 4%, but it’s still a tough phase because you need to maintain consistency in your trading.

Phase 3:

In this final phase, the profit target is set at 3%, the lowest of all three phases. While the target might seem easier, the pressure to finish can make it challenging. Passing the Phase 3 will lead you to get funded.

Daily Drawdown :-

One of the unique features of Lark Funding’s evaluation is that there’s no daily drawdown rule. This gives you more freedom to manage your trades without the pressure of daily limits. However, this freedom means you need to be extra responsible with your trading decisions. Without a daily drawdown to worry about, it’s easy to become complacent, so always manage your risk carefully.

Max Drawdown :-

The Max Drawdown for each phase is set at 5%, and this is a static drawdown, meaning it’s based on your initial account balance. This limit doesn’t change as your account grows, so you need to be consistent in managing your risk throughout the evaluation. If your account balance drops by more than 5% at any stage, you’ll fail the evaluation and need to start over. This rule is in place to ensure that traders can handle larger accounts responsibly.

Trading Days :-

Lark Funding offers a lot of flexibility when it comes to trading days. There’s no minimum number of trading days required to pass each phase, so you don’t have to worry about making trades just to meet a time requirement. Similarly, there’s no limit on the maximum number of trading days, so you can take as much time as you need to hit your profit targets. This setup allows you to focus on making smart, well-timed trades without feeling pressured by a deadline.

Profit Share :-

Once you pass the 3-Stage Evaluation, you’ll get a funded account and start earning a profit share. Lark Funding offers an 80% profit share, meaning you get to keep 80% of the profits you make, and this can go up to 90% if you consistently perform well. This profit-sharing model is one of the most attractive aspects of trading with Lark Funding, as it provides a substantial reward for your hard work.

Payout Frequency :-

After you get funded, your first payout is available after 14 days of trading. After that, you can request a payout every 7 days. This regular payment schedule allows you to enjoy the benefits of your trading efforts without having to wait too long for your money.

Leverage Options :-

Leverage allows you to control larger positions with a smaller amount of capital, and Lark Funding offers different leverage options depending on what you’re trading. The standard leverage is 15:1 for Forex and Metals, 10:1 for Indices, and 2:1 for Cryptos. If you want more leverage, you can double it to 30:1 by paying an extra 25% of the challenge fee. This can help you maximize your potential returns, but it’s important to remember that higher leverage also increases your risk.

News Trading :-

Lark Funding allows news trading, which isn’t something all proprietary trading firms offer. This means you can trade during major news events, which often cause significant market movements. While trading news can be very profitable, it’s also risky because of the increased volatility. It’s important to have a solid strategy in place if you plan to trade during news events.

Holding Trades Overnight and Over the Weekend :-

Lark Funding gives you the option to hold trades overnight, which is great for traders who prefer longer-term positions. However, holding trades over the weekend is generally not allowed unless you purchase an add-on. This add-on lets you keep your trades open over the weekend for an extra fee. This flexibility can be beneficial if your strategy involves holding positions over a longer period.

Add-Ons: Customizing Your Trading Experience

Lark Funding offers a couple of add-ons to enhance your trading experience.

If you want more leverage, you can double it to 30:1 for an additional fee. This can increase your trading power, especially for Forex and Metals, but it also comes with higher risk. Another add-on allows you to hold trades over the weekend. This is useful if you don’t want to close your positions on Friday and prefer to keep them open until the market reopens on Monday.

Account Sizes :-

Lark Funding offers various account sizes for the 3-Stage Evaluation. You can start with an account as small as $5,000 or go for a larger one up to $200,000. The account sizes available are $5,000, $10,000, $25,000, $50,000, $100,000, and $200,000. The choice of account size depends on your trading experience and comfort level with risk. If you’re new to trading, you might want to start with a smaller account, while more experienced traders might prefer a larger account.

Conclusion

Lark Funding’s 3-Stage Evaluation is a well-structured process that gives traders a fair chance to prove their skills and earn a funded account. The profit targets are realistic, the drawdown limits are manageable, and the ability to customize your account with add-ons makes it a flexible option for different trading styles. Whether you’re trading Forex, Metals, Indices, or Cryptos, Lark Funding provides a solid platform for growth. If you’re serious about trading and ready to put in the effort, Lark Funding could be the right fit for you.