Lark Funding
About Lark Funding
Lark Funding (Lark Funding LLC) is a proprietary trading firm founded in June 2022 in Montréal, Quebec, Canada, led by CEO Matt L. They offer traders the opportunity to trade CFDs with company capital through their evaluation challenges. Lark Funding partners with brokers ThinkMarkets and Eightcap, providing trading on platforms including cTrader, DXtrade, and Match Trader. They offer multiple account types including Instant Funding, 1-Step Evaluation, 2-Step Evaluation, and 3-Step Evaluation programs, with account sizes ranging from $5,000 to $400,000 (some sources mention up to $1 million). Lark Funding is known for transparency, competitive pricing (challenge fees start from $50), consistent payouts, easy accessibility, fast execution, raw spreads, and trader-friendly rules. They maintain a Trust Pilot rating of 4.1-4.5 based on 14-500+ reviews and a PropFirmMatch rating of 4.2.
Markets
Platforms
Payment Methods
Payout Methods
Rules
Time Limit
There is unlimited time to complete challenges. This flexible approach allows traders to trade at their own pace without pressure.
Copy Trading
Copy trading rules vary by account type:
- Copy Trading Between Funded Accounts: Allowed
- Copy Trading Between Evaluation Accounts: Prohibited
- Copy Trading from Funded Account to Single Evaluation Account: Permitted
Copy trading is allowed only between Funded Accounts or from a Funded Account to a single Evaluation Account.
News Trading
News trading is allowed on all Lark Funding accounts:
- No restrictions on news trading
- Traders can trade during major news events
- This applies to all account types including Instant Funding
Account Types
Lark Funding offers multiple account types:
Instant Funding:
- No evaluation required - start trading immediately
- Steps: 0 (instant access)
- Daily drawdown: 5% of initial balance (calculated based on Equity or Balance, whichever is higher, resetting daily at 5:00 pm EST)
- Max drawdown: 5% trailing (growth lifts the limit, but the limit sticks to the initial balance if no growth occurs)
- No minimum trading days
- No consistency rule
- Weekend holding: Allowed
- News trading: No restriction
- Lot size: No specific limit (only limited by leverage and total equity)
1-Step Evaluation:
- Single evaluation phase
- Profit target: 10%
- Maximum drawdown: 6% static
- Daily drawdown: 5%
- No time limit
2-Step Evaluation:
- Phase 1: 8% profit target
- Phase 2: 5% profit target
- Maximum drawdown: 10% static
- Daily drawdown: 5%
- No time limit
3-Step Evaluation:
- Phase 1: 5% profit target
- Phase 2: 4% profit target
- Phase 3: 3% profit target
- Maximum drawdown: 5% static
- No daily drawdown limit (unique feature)
- No time limit
Gain Protector
Lark Funding features a "Gain Protector" that may allow payouts even if the daily drawdown limit is breached:
- This provides additional flexibility for traders
- Check your specific account for Gain Protector details
Profit Targets
Profit targets vary by challenge type:
Instant Funding:
- No profit target required (instant access)
1-Step Evaluation:
- Profit target: 10%
2-Step Evaluation:
- Phase 1: 8% profit target
- Phase 2: 5% profit target
3-Step Evaluation:
- Phase 1: 5% profit target
- Phase 2: 4% profit target
- Phase 3: 3% profit target
Expert Advisors
The use of Expert Advisors (EAs) and automated trading systems is permitted on all Lark Funding accounts:
- EAs are allowed
- Automated trading is permitted
- Must comply with trading conditions
Inactivity Rule
Lark Funding has an inactivity rule:
- Traders must execute at least one trade every 30 days
- Inactivity (no trade for 30 days) results in a breach
- This applies to all account types
Consistency Rule
Lark Funding generally does not have explicit consistency rules:
- Instant Funding: No consistency rule
- Evaluation Challenges: Generally no consistency rule mentioned
- However, maintaining stable profit performance is encouraged
Device Limitations
Lark Funding has device limitations:
- 2 devices limit applies
- Traders must comply with device restrictions
Maximum Daily Loss
Maximum daily loss limits vary by account type:
- Instant Funding: 5% of initial balance (calculated based on Equity or Balance, whichever is higher, resetting daily at 5:00 pm EST)
- 1-Step Evaluation: 5%
- 2-Step Evaluation: 5%
- 3-Step Evaluation: No daily drawdown limit (unique feature)
Daily loss limits are calculated based on the balance/equity - highest at EOD.
Maximum Total Loss
The maximum total loss (drawdown) varies by account type:
- Instant Funding: 5% trailing drawdown (growth lifts the limit, but the limit sticks to the initial balance if no growth occurs)
- 1-Step Evaluation: 6% static drawdown
- 2-Step Evaluation: 10% static drawdown
- 3-Step Evaluation: 5% static drawdown
Drawdown type varies by account (trailing or static).
Minimum Trading Days
No minimum trading days required for all Lark Funding account types:
- Instant Funding: No minimum
- 1-Step Evaluation: No minimum
- 2-Step Evaluation: No minimum
- 3-Step Evaluation: No minimum
All challenges have unlimited trading periods with 0 minimum trading days.
Stop Loss Requirements
Stop losses ARE REQUIRED on Lark Funding accounts:
- Traders must place a stop loss on all trades
- Missing stop loss results in a soft breach (violating trades are closed, but account remains active)
- This is a risk management requirement
Weekend and Overnight Holding
Weekend and overnight holding rules vary by account type:
- Instant Funding: Weekend holding is allowed
- Evaluation Challenges: Weekend holding is NOT permitted
- Overnight holding: Permitted on all account types
Weekend holding rules differ between Instant Funding and Evaluation accounts.
Leverage
Lark Funding offers leverage that varies by account type and instrument:
Leverage by Account Type:
- Regular Accounts: 1:10 leverage (Forex, Metals, Indices), can be increased to 1:20 for an extra 25% of the challenge cost
- 2-Stage Evaluation: 1:25 leverage
- Instant Funding: 1:15 leverage (Forex, Metals, Indices), can be doubled to 1:30 via Add-Ons
- 1-Step Evaluation: 1:30 leverage
- 2-Step Evaluation: 1:50 leverage
- 3-Step Evaluation: 1:50 leverage
Leverage by Instrument:
- Forex, Metals, Indices: 1:10 (standard), up to 1:50 (varies by account type)
- Equities: 5:1 (1:5)
- Cryptos: 2:1 (1:2)
- Instant Funding: Forex, Metals, Indices: 1:15 (can be doubled to 1:30), Crypto: 1:2
Lots and Leverage:
- Maximum lots allowed depend on account size and leverage
- Example: $100K account gets 10 lots at 10:1, 20 lots at 20:1
- Lots are counted against "open risk" until the stop loss is moved to breakeven or profit
Commissions:
- FX and Metals: $7 per lot
- Crypto: No commission
- Stocks: $0.02 per share
Important Considerations:
- Leverage increases both potential profits and risks
- Leverage is applied automatically based on instrument
- Higher leverage requires careful risk management
- Leverage can be upgraded for additional fees
Payout Policy
Fee Refund
The evaluation fee is NOT refundable with Lark Funding:
- Fees are non-refundable
- This applies to all challenge types
- Instant Funding fees are also non-refundable
Profit Split
Lark Funding offers competitive profit splits:
- Challenges (1-Step, 2-Step, 3-Step): 80% profit split (standard)
- Instant Funding: 90% profit split (standard)
- Upgrade Option: Can increase to 90% during checkout for challenges (paid upgrade)
Profit split starts at 75-80% for challenges, with options up to 90% through paid upgrades.
Payout Methods
Lark Funding offers multiple payout methods:
- Wise - Digital payment platform
- Riseworks - Payment platform
- Bank Wire Transfer - Direct bank transfer
- PayPal - Digital wallet
- Skrill - Digital wallet
- Neteller - Digital wallet
- Crypto - Cryptocurrency payments
Multiple payment options provide flexibility for traders worldwide.
Payout Frequency
Lark Funding offers flexible payout options:
- Challenges (1-Step, 2-Step): Bi-weekly (every 14 days)
- 3-Step Program: Weekly
- Instant Funding: On-demand initially, then every 30 days thereafter
- First Payout: Can be requested "as soon as possible" for Instant Funding
- Processing Time: Very fast, usually within 6 hours
Payout frequency varies by account type, with 3-Step offering the fastest (weekly).
Payout Requirements
Payout requirements vary by account type:
- Instant Funding: First payout can be requested "as soon as possible"
- Challenges: Standard payout requirements apply
- Minimum Balance: May need to maintain minimum balance requirements
Check your specific account for payout requirements.
Restricted Countries
- Afghanistan
- Belarus
- Burundi
- Central African Republic
- Crimea (Region of Ukraine)
- Cuba
- Guam
- Guinea
- Haiti
- Iran
- Iraq
- Libya
- Mali
- Myanmar (Burma)
- North Korea
- Puerto Rico
- Quebec (Canada)
- Republic of the Congo (Congo Brazzaville)
- Russia
- Somalia
- South Sudan
- Sudan
- Syria
- Ukraine
- Venezuela
- Yemen