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 Drawdown in their 1-Step challenge and also capital up to $600,000.

Company Information of Lark Funding

Company Name : Lark Funding

Legal Name: Lark Funding Inc.

Operating Since: 2021

CEO Name: Matt L.

Challenge Details of Lark Funding

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

1-Step Challenge of Lark Funding

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)
• Payout Frequency: 14 days
• Allows Copy Trading: Yes
• Min Trading Days: No limit

2-Step Challenge of Lark Funding

Pricing:

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

Rules:

• Profit Target (Phase 1): 8%
• Profit Target (Phase 2): 5%
• Total Loss: 10%
• Daily Loss: 5%
• Profit Share: 80%
• Drawdown Type: Static
• Time Limit: Unlimited
• Leverage: Forex and Metals (15:1), Indices (10:1) Cryptocurrencies (2:1)
• Payout Frequency: 14 days
• Allows Copy Trading: Yes
• Evaluation Min Trading Days: 0 Days

3-Step Challenge of Lark Funding

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)
• Payout Frequency: 14 days
• Allows Copy Trading: Yes
• Evaluation Min Trading Days: 0 Days

Instant Funding of Lark Funding

Pricing:

• $5,000: $200
• $10,000: $400
• $25,000: $1125
• $50,000: $2250
• $100,000: $4500

Rules:

• Profit Target: None
• Total Loss: 5%
• Daily Loss: 5%
• Profit Share: 80%, Up to 90%
• Drawdown Type: Trailing Drawdown
• Time Limit: Unlimited
• Leverage:  Forex and Metals (15:1), Indices (15:1) Cryptocurrencies (2:1)
• Payout Frequency: 14 days
• Allows Copy Trading: Yes
• Min Trading Days: No limit

Max Lot Size

the following max lot sizes apply to all accounts on all programs:

• $5,000 Evaluation Account = 1 lot with open risk
• $10,000 Evaluation Account =  2 lots with open risk
• $25,000 Evaluation Account =  5 lots with open risk
• $50,000 Evaluation Account =  10 lots with open risk
• $100,000 Evaluation Account =  20 lots with open risk
• $200,000 Evaluation Account =  40 lots with open risk

Scaling Plan of Lark Funding

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

News Trading Rules of Lark Funding

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

Other Important Rules of Lark Funding:-

Daily Drawdown Calculation of Lark Funding

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 in Lark Funding

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 of Lark Funding

Certain trading practices are deemed as gambling and are strictly forbidden in Lark Funding:

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

Prohibited Trading Strategies in Lark Funding

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 of Lark Funding

Lark Funding offers two payout methods, 

• Wise
• Riseworks

VPN/VPS Rules of Lark Funding

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.