Lark Funding stands out in the trading sector by offering flexible evaluation programs with no time limits and low-profit targets.
Unique features include the Pass Assist Feature, weekly payouts, and the Gain Protector.
Lark Funding also provides 24/7 customer support with real people and boasts industry-leading transparency and quick payout processing.
Legal Company Name
Lark Funding Inc.
Company Address
3 Place Ville-Marie, Montréal, QC H3B 4W8
Year of Establishment
June 1, 2022
Place of Company Registration
Canada
Company Owners
CEO: Matt L
Trading Platforms Offered
DXtrade, cTrader
Trading Instruments Available
- Forex: Over 40 major and minor pairs
- Commodities: Gold, Silver, Oil
- Indices: Major global indices
- Cryptocurrencies: Major crypto assets
Payment Methods Available
Wise, Riseworks
Range of Account Sizes Offered
- $5,000
- $10,000
- $25,000
- $50,000
- $100,000
- $200,000
Profit Split Structure
- Standard: 80:20
- Optional Upgrade: 90:10
Profit Targets for Each Challenge Phase
1-Stage Evaluation
- Profit Target: 10%
- Max Drawdown: 6%
- Daily Drawdown: 5%
2-Stage Evaluation
- Profit Target: 8% (first phase), 5% (second phase)
- Max Static Drawdown: 10%
- Daily Drawdown: 5%
3-Stage Evaluation
- Profit Target: 5% (first phase), 4% (second phase), 3% (third phase)
- Max Static Drawdown: 5%
Maximum Daily and Total Loss Limits
1-Stage Evaluation
- Daily Drawdown: 5%
- Max Drawdown: 6%
2-Stage Evaluation
- Daily Drawdown: 5%
- Max Static Drawdown: 10%
3-Stage Evaluation
- No Daily Drawdown
- Max Static Drawdown: 5%
Minimum and Maximum Trading Day Requirements
No time limit for any evaluation stage
Overview of Challenges and General Rules
Lark Funding offers 1-stage, 2-stage, and 3-stage evaluation programs with various account sizes. The main rules include profit targets, drawdown limits, and leverage options. The evaluations are designed to be flexible with no time limits.
Challenge Steps
- 1-Stage Evaluation: Meet the profit target and drawdown rules.
- 2-Stage Evaluation: Two phases with different profit targets and drawdown limits.
- 3-Stage Evaluation: Three phases with progressively lower profit targets.
Pricing/Costs to Start Challenges
- 1-Stage & 2-Stage Evaluations:
- $75 for $5k
- $125 for $10k
- $225 for $25k
- $325 for $50k
- $525 for $100k
- $1,000 for $200k
- 3-Stage Evaluation:
- $60 for $5k
- $105 for $10k
- $175 for $25k
- $240 for $50k
- $370 for $100k
- $700 for $200k
Fees & Commissions
- Forex: $7 roundtrip per standard lot
- Commodities, Indices, Crypto: Zero commissions
Refundable Fees Details
The challenge fee is not refundable.
Free Trial Availability and Details
No free trials, but free monthly competitions are available.
Payout Frequency
- Weekly payouts: 3-Stage Program
- 14-day payouts: 1-Stage and 2-Stage Programs
Leverage
Simulated leverage: 1:15 (upgrade available)
Consistency Rule
No specific consistency rule mentioned.
Commission Per Lot
$7 roundtrip per standard lot for Forex
Customer Support Options and Details
24/7 support with real people available via email at support@larkfunding.com
Trustpilot Reviews
Positive
- CEO's Engagement: The CEO, Matt, is highly praised for his involvement and understanding of traders' needs. His active presence on Discord and transparency are appreciated by the trading community.
- Excellent Customer Support: The customer support is considered the best in the industry, with quick, efficient, and helpful responses. The support team's dedication sets Lark Funding apart from other prop firms.
- User-Friendly Platform: The new platform, Gooey Trade, is well-regarded, especially with its TradingView integration, making it a preferred choice over MT5. Low spreads and no commissions on most instruments further enhance the trading experience.
- No Time Limit Feature: The absence of a time limit for passing challenges is highly valued, providing flexibility for traders who may take longer to meet the requirements.
- Smooth Funding Process: The process from the initial phase to getting funded is described as smooth and efficient, with excellent support throughout, making it a recommended choice for new and experienced traders alike.
Negative
- Martingale Strategy Concerns: Some users are dissatisfied with the automatic application of the Martingale strategy on open trades, as it can easily breach accounts. They suggest it should only apply to closed trades.
- Lack of Scaling Plan and Account Merging: The absence of a scaling plan and the inability to merge accounts are noted as significant drawbacks, limiting growth opportunities for traders.
- Need for More Support Staff: There are calls for recruiting more support staff to better handle traders' doubts and issues more efficiently.
- Limited Account Sizes: Users have requested smaller account sizes to be made available, indicating a need for more flexible trading options.
- Unmet Expectations and Poor Communication: Some traders reported being reimbursed for challenges they passed due to not meeting the company's "expectations," with little explanation provided. This lack of clarity and follow-through on promised support has led to frustration and disappointment.
Frequently Asked Questions
- EAs and Trade Copiers: Allowed
- Free Trials: Not available, but free monthly competitions are offered.
- One-Time Fee: Yes, no recurrent charges.
- Tradable Assets: FX, Commodities, Indices, Crypto
- Weekend Positions: Can hold for an extra 10% of the challenge fee.