Lark Funding (founded in 2022) is a rising proprietary trading firm offering traders unique opportunities to access significant capital (up to $200,000) through a flexible evaluation process and trader-friendly policies.
This Lark Funding review covers the firm’s innovative approach, evaluation programs (1-step, 2-step, 3-step), and key features that distinguish it in the competitive prop trading landscape.
Company Overview
Lark Funding is a Canada-based proprietary trading firm that has been making waves in the industry since its inception in June 2022. The company has quickly established itself as a forward-thinking player in the prop trading space, offering a range of innovative features suitable for traders of all experience levels. Key aspects of Lark Funding's company profile include:
- Partnership with EightCap: Lark Funding operates in collaboration with EightCap, a reputable broker, providing traders access to MT4 and MT5 platforms;
- Diverse Account Sizes: The firm offers account sizes ranging from $5,000 to an impressive $1 million, accommodating traders with varying capital requirements and risk appetites;
- Tiered Evaluation Process: Lark Funding's evaluation system is structured into 1-step, 2-step, and 3-step programs, each with unique profit targets and drawdown limits.
Lark Funding’s specifications summary
Lark Funding stands out in the prop trading industry with its innovative and flexible approach to trader evaluation and funding. Here's a concise summary of the firm's key specifications:
Account currency | USD |
Minimum price | $60 |
maximum leverage | 1:30 |
maximum profit split | 90% |
Instruments | Forex, Crypto, Commodities, Indices |
Assets | N/A |
evaluation steps | 1-step, 2-step, 3-step |
Trading platform | DXTrade, cTrader |
Withdrawal methods | Riseworks, Wise |
maximum fund size | $200K |
first profit target | 8% |
Max. daily loss | 5% |
Challenge time limit | No limits |
news trading | YES |
Maximum total drawdown | 10% |
commission per round lot | N/A |
trust pilot score | 4.3 out of 5 |
payout frequency | Monthly |
established country | Canada |
established year | 2022 |
The firm's "Gain Protector" feature allows traders to receive payouts even if they breach the daily drawdown limit, demonstrating a commitment to trader success.
Lark Funding’s pros & cons
When considering Lark Funding as a potential prop trading partner, it's essential to weigh the advantages and disadvantages. Here's a balanced look at the pros and cons of the firm:
Pros | Cons |
No Time Limits | Limited Track Record |
Flexible Profit Targets | Limited Educational Resources |
High Profit Split | Additional fees for holding positions over weekends |
Gain Protector Feature (Allows payouts even if daily drawdown is breached) | - |
While the firm offers numerous attractive features, potential traders should carefully consider these factors in the context of their trading goals and experience.
Funding & price Structure on Lark Funding
The firm offers a wide range of funding options to accommodate traders of various experience levels and capital requirements.
Here's a breakdown of their funding structure and associated costs:
Funding Amount | Price (1-step,2-step,3-step) | Profit Split up to |
$5K | $75, $75, $60 | 90% |
$10K | $125, $125, $175 | 90% |
$25K | $225, $225, $175 | 90% |
$50K | $325, $325, $240 | 90% |
$100K | $525, $252, $370 | 90% |
$200K | $1000, $1000, $700 | 90% |
Lark Funding's pricing and funding structure is designed to provide flexibility and opportunities for traders at different stages of their careers, with a focus on reasonable profit targets and generous performance splits.
Registration & Verification Process
Registering with Lark Funding prop firm and completing the verification process is straightforward, allowing traders to quickly begin their journey towards funded trading:
- Visit the official website;
- Click on the "Get Started Now" button;
- Select your challenge type, account balance, regular/swap-free type, and trading platform;
- Fill in basic personal information (name, country of residence, etc.);
- Choose your desired account size (ranging from $5,000 to $200,000);
- Review and accept the terms and conditions of the Lark Funding program;
- Click on the “Create Order” button and proceed with the payment.
Lark Funding’s Evaluation steps
Here's a detailed look at each evaluation stage:
Evaluation Type | Profit Target | Maximum Drawdown | Daily Drawdown Limit | Duration | Profit Split |
1-Stage Evaluation | 10% of account balance | 6% | 5% | No time limit | 80% (upgradeable to 90%) |
2-Stage Evaluation | Phase 1: 8% of account balance | 10% (both phases) | 5% (both phases) | No time limit for each phase | 80% (upgradeable to 90%) |
3-Stage Evaluation | Phase 1: 5% of account balance | 5% (all phases) | No daily drawdown limit for all phases | Unlimited trading period for all phases | 80% (upgradeable to 90%) |
Lark Funding's evaluation steps are designed to provide a balance between challenge and achievability, allowing traders to demonstrate their skills without undue pressure from time constraints or overly stringent targets.
Bonuses and discount offerings
While Lark Funding doesn't explicitly advertise a comprehensive bonus or discount program, the firm does offer several features that can be considered advantageous for traders:
- Pass-Assist Feature: The automatic recognition of profit targets eliminates the need for manual trade closures, which can be considered a bonus feature for traders;
- Free Withdrawals: The firm doesn't charge fees for withdrawals, which can be seen as a cost-saving benefit for traders;
- Gain Protector: This unique feature allows traders to still receive payouts even if they breach the daily drawdown limit, provided they maintain overall gains;
- Reset Discount: Pay off 75% less than your previous attempt.
While these features aren't traditional "bonuses" or "discounts," they represent the added value that Lark Funding provides to its traders.
What instruments & symbols can I trade on Lark Funding?
Lark Funding prop firm offers a diverse range of tradable instruments, catering to various trading preferences and strategies. Here's a comprehensive list of the instruments and symbols available:
- Forex (FX) Currencies;
- Cryptocurrencies;
- Commodities;
Lark Funding’s Payment Methods
When it comes to getting paid for your trading success, Lark Funding offers two primary payment methods:
- Wise (formerly TransferWise): A popular online money transfer service known for its competitive exchange rates and low fees;
- Riseworks: A payment platform that specializes in global payouts for businesses.
Lark Funding's choice of these payment methods demonstrates its commitment to providing efficient and cost-effective payout solutions for its traders.
Commission & Cost Structure
Understanding the fee structure is crucial when choosing a prop firm. Lark Funding's commission and cost structure includes:
- Challenge fees: Vary based on account size and evaluation type;
- Extra charge: An additional 10% of the challenge fee for holding trades over the weekends.
It's important to note that while the extra 10% charge might seem steep, it's offset by the potential for higher profit splits.
Lark Funding’s Trust Scores on Trustpilot
Trust is paramount in the prop trading industry, and Lark Funding's Trustpilot score provides valuable insights into trader satisfaction. With a score of 4.3 out of 5 (November 2024), Lark Funding demonstrates a strong positive reputation among its users.
Key points from the reviews include:
Positives | Negatives |
Excellent customer service | Some reports on support team response delay |
Well-structured challenges | Some complains about strict rules |
Fast payout | - |
The Trustpilot score and the overall positive reviews suggest that Lark Funding is a reputable firm with a strong focus on customer satisfaction. However, as with any financial service, it's essential to approach with due diligence and carefully review the terms and conditions.
Lark Funding Prop Firm Customer Support
Effective customer support is crucial for any prop firm, and Lark Funding offers multiple channels for traders to seek assistance:
- Email support: support@larkfunding.com;
- Live chat;
- Contact form.
Lark Funding's customer support team aims to respond to all queries within 24 hours, ensuring prompt assistance for traders.
Social Media Channels
In today's digital age, social media presence is crucial for brand visibility and customer engagement. Lark Funding maintains active profiles on several platforms:
- YouTube;
- Instagram;
- X (formerly Twitter).
While Lark Funding's social media presence is growing, it may not be as extensive as some larger, more established prop firms. However, the content provided is generally informative and relevant to their trader community.
Expert Suggestions
In conclusion, Lark Funding (founded in 2022) presents itself as a competitive option in the prop trading space, offering attractive profit splits (up to 90%) and flexible trading conditions. While Lark Funding prop firm’s educational resources may be limited compared to some competitors, their focus on providing a robust trading environment and generous offerings like a 75% reset discount make it a worthy consideration for both new and experienced traders alike. Comment your thoughts on this Lark Funding review.
