Details About Lark Funding
Legal Name: Lark Funding Inc.
Company Number: Not disclosed
Country of Registeration: CA
CEO: Matt L.
Support Mail: [email protected]
Phone: Not available
Payment Modes: Credit/Debit Card, Crypto
Withdrawal Methods: Wire Transfer/ Bank Transfer, Crypto
Website: https://larkfunding.com
Banned Countries:
Challenge Details at Lark Funding
Types of Challenges: One Phase Challenge, Two Phase Challenge, Three Phase Challenge
Trading Platforms: Metatrader, cTrader, DXTrade
Trading Instruments: Forex, Crypto, Commodities, Indices
Broker: ThinkMarketsEightcap
Max Allocation: $600,000
Scaling: $Not available
Trading Competitions: Organizes Trading Competitions
Free Trials: Does not offer free Trials
About Lark Funding
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.
Operating Since: 2021