Lark Funding is a prop firm which has been around for over 3 years now and well known for their straightforward approach. Lark Funding was founded by Matt L in 2021. The prop firm offer 3 distinct trading challenges each with 1-Step, 2-Step and 3-Step evaluations. Lark Funding is also one of those prop firms who provide Static Drardown in their 1-Step challenge and also capital up to $600,000.

Company Information

Legal Name and Number: Lark Funding Inc.
Operating Since: 2021

Challenge Details

Lark Funding offers 3 types of challenge accounts, 1-Step Challenge, 2-Step Challenge and 3-Step Challenge.

1-Step Challenge

Pricing:

• $5,000: $75
• $10,000: $125
• $25,000: $225
• $50,000: $325
• $100,000: $525
• $200,000: $1000

Rules:

• Profit Target: 10%
• Total Loss: 6%
• Daily Loss: 5%
• Profit Share: 80%, Up to 90%
• Drawdown Type: Static
• Time Limit: Unlimited
• Leverage:  Forex and Metals (15:1), Indices (10:1) Cryptocurrencies (2:1)
• Max Lot Size: 40 Lots
• Payout Frequency: 14 days
• Allows Copy Trading: Yes
• Min Trading Days: No limit

2-Step Challenge

Pricing:

• $5,000: $75
• $10,000: $125
• $25,000: $225
• $50,000: $325
• $100,000: $525
• $200,000: $1000

Rules:

• Profit Target (Phase 1): 10%
• Profit Target (Phase 2): 5%
• Total Loss: 10%
• Daily Loss: 5%
• Profit Share: 80%
• Drawdown Type: Static
• Time Limit: Unlimited
• Leverage: Forex and Metals (25:1), Indices (10:1) Cryptocurrencies (2:1)
• Max Lot Size: 40 Lots
• Payout Frequency: 14 days
• Allows Copy Trading: Yes
• Evaluation Min Trading Days: 0 Days

3-Step Challenge

Pricing:

• $5,000: $60
• $10,000: $105
• $25,000: $175
• $50,000: $240
• $100,000: $370
• $200,000: $700

Rules:

• Profit Target (Phase 1): 5%
• Profit Target (Phase 2): 4%
• Profit Target (Phase 2): 3%
• Total Loss: 5%
• Daily Loss: 0%
• Profit Share: 80%
• Drawdown Type: Static
• Time Limit: Unlimited
• Leverage: Forex and Metals (15:1), Indices (10:1) Cryptocurrencies (2:1)
• Max Lot Size: 40 Lots
• Payout Frequency: 14 days
• Allows Copy Trading: Yes
• Evaluation Min Trading Days: 0 Days

Scaling Plan

There is no Scaling Plan provided by Lark Funding. Although traders can buy max capital of $600,000.

News Trading Rules

News trading is fully allowed by Lark Funding, Traders are free to execute or hold trades during the news events.

Other Important Rules:-

Daily Drawdown Calculation

For 1-Step and 2-Step Challenges, Daily Drawdown is calculated based on how much balance a trader has in their account at the end of day. 

As for the 3-Step Challenge, There is no Daily Drawdown and the Max Drawdown is Static Drawdown.

Countries Banned from Purchasing

Due to regulatory reasons, Lark Funding  does not provide services in the following countries: Afghanistan, Burundi, Central African Republic, Congo Republic, Cuba, Crimea, Democratic Republic of Congo, Eritrea, Guinea, Guinea-Bissau, Iran, Iraq, Liberia, Libya, Myanmar, North Korea, Papua New Guinea, Somalia, Sudan, South Sudan, Syria, Vanuatu, Yemen, Zimbabwe.

Gambling Rules

Certain trading practices are deemed as gambling and are strictly forbidden:

• Martingale Trading
• All-in Trades
• All or Nothing
• Grid Trading

Forbidden Strategies

Several strategies are not allowed during both the Evaluation and Funded Phases, including:

• High-Frequency Trading Bots
• Latency Arbitrage
• News Scalping
• Hedging Between Different Accounts

Payout Methods

Traders can choose between two payout methods:

• Wire/Bank Transfer
• Cryptocurrencies

VPN/VPS Rules

Traders are not allowed to use VPN/VPS when trading with Lark Funding, Lark Funding also does not allow multiple traders to trade in the same account, During the KYC/AML process, traders can not use VPN/VPS of any sort. If Lark Funding detects this kind of activities then the account will be breached and terminated.