In the world of trading, aspiring traders often face the challenge of needing significant capital to get started. Lark Funding, a proprietary trading firm, aims to break down these barriers by offering a unique opportunity to trade up to $1,000,000 in demo accounts with no time limits. In this comprehensive review, we will delve deep into the offerings of Lark Funding, including its 1-stage, 2-stage, and 3-stage evaluation programs, providing you with a detailed insight into what this prop trading firm has to offer.
Introduction to Lark Funding
Lark Funding presents itself as a no-time-limit proprietary trading firm, offering traders the chance to demonstrate their skills and earn virtual profits before diving into real trading. With a variety of account sizes and evaluation stages, Lark Funding caters to traders of different experience levels and capital requirements.
Lark Funding 1-Stage Evaluation Program
PHASE-1
Account Sizes and Parameters
Lark Funding’s 1-stage evaluation program offers a wide range of account sizes, ranging from $5,000 to a substantial $1,000,000. Traders in this phase have a profit target of 10%, a max static drawdown of 6%, and a daily drawdown limit of 5%. Importantly, there is no time limit in this phase, allowing traders to hone their skills at their own pace.
Funded Phase
Once you pass PHASE-1, you move to the funded phase. Here, the account sizes remain the same as in PHASE-1. However, the profit target becomes 0%, and traders are entitled to a profit split ranging from 75% to potentially as high as 90%. Furthermore, there are no minimum trading days, and you have the option to upgrade your leverage from 1:10 upon checkout.
The 1-stage evaluation program’s strengths lie in its flexibility, allowing traders to choose their desired account size and offering a generous profit split for successful traders. The absence of a time limit is also a significant advantage, providing traders with ample time to adapt and learn.
Lark Funding 2-Stage Evaluation Program
PHASE-1
Account Sizes and Parameters
In the 2-stage evaluation program, account sizes range from $5,000 to $200,000. The profit target for PHASE-1 is set at 8%, with a maximum trailing drawdown of 10%. Traders have no minimum trading days requirement and a daily drawdown limit of 5%.
PHASE-2
Account Sizes and Parameters
PHASE-2 maintains the same account sizes as PHASE-1, but with a lower profit target of 5%. The maximum trailing drawdown and daily drawdown limits remain at 10% and 5%, respectively.
Funded Phase
Upon successfully completing both phases, traders enter the funded phase. Similar to the 1-stage program, the account sizes remain unchanged. However, the profit target becomes 0%, and the profit split ranges from 75% to potentially as high as 90%. In addition, traders can enjoy leverage of up to 1:25, with the possibility to upgrade to 1:50.
The 2-stage evaluation program offers a balanced progression for traders, with manageable profit targets and drawdown limits. It’s suitable for those looking to gradually build their skills and trading capital.
Lark Funding 3-Stage Evaluation Program
PHASE-1
Account Sizes and Parameters
In the 3-stage evaluation program, account sizes range from $5,000 to $200,000. The profit target for PHASE-1 is 5%, with a maximum static drawdown of 5%. There is no maximum daily drawdown, giving traders more flexibility.
PHASE-2
Account Sizes and Parameters
PHASE-2 retains the same account sizes and parameters as PHASE-1 but with a slightly lower profit target of 4%.
PHASE-3
Account Sizes and Parameters
PHASE-3 also maintains the same account sizes, with a profit target of 3%. The drawdown limits and trading conditions are identical to PHASE-1.
Funded Phase
Upon completing all three phases, traders enter the funded phase, which offers account sizes ranging from $5,000 to $200,000. Here, the profit target becomes 0%, and traders can enjoy a profit split ranging from 80% to potentially as high as 90%. Leverage is offered at 1:15, with the option to upgrade to 1:30. Additionally, traders can instantly upgrade their accounts.
The 3-stage evaluation program caters to traders who prefer a gradual and risk-averse approach to prop trading. The progressive reduction in profit targets allows traders to fine-tune their skills at each stage.
Pros of Lark Funding
- No Time Limit: Lark Funding’s most significant advantage is its absence of time limits in all evaluation phases. This allows traders to focus on learning and improving their strategies without the pressure of meeting a deadline.
- Wide Range of Account Sizes: Lark Funding offers a diverse selection of account sizes, accommodating both novice and experienced traders. This flexibility ensures that traders can choose an account size that aligns with their risk tolerance and financial capabilities.
- Generous Profit Split: The profit split offered by Lark Funding is quite competitive, ranging from 75% to potentially as high as 90%. This provides traders with a substantial share of their trading profits.
- Leverage Options: Lark Funding provides leverage options in its funded phases, allowing traders to potentially amplify their capital and trading capacity.
- Incremental Evaluation Programs: The 1-stage, 2-stage, and 3-stage evaluation programs cater to traders with varying levels of experience and risk tolerance. This incremental approach ensures that traders can progress at their own pace.
Cons of Lark Funding
- Profit Targets: Some traders may find the profit targets for each evaluation phase challenging, especially in the early stages. Achieving these targets requires skill and discipline.
- Drawdown Limits: While drawdown limits are essential for risk management, they may restrict more aggressive trading strategies.
- Lack of Educational Resources: Lark Funding’s website does not appear to provide extensive educational resources for traders. This could be a drawback for beginners looking for guidance.
Lark Funding Coupon Codes & Discount
If you are interested in becoming a funded trader with Lark Funding, you might want to know how to get discounts on their evaluation fees by using coupon codes. Here are some tips on how to do that:
- Check their website for any ongoing promotions or special offers. Sometimes they might have seasonal or limited-time discounts that you can take advantage of.
- Follow their social media accounts, such as Facebook, Twitter, Instagram, and YouTube. They may often post coupon codes and giveaways on their posts and stories. You can also interact with them and other traders to get more insights and tips on trading with Lark Funding.
- Join their Discord community, where you can chat with other traders, mentors, and staff members. You can also get access to exclusive coupon codes and contests that are only available for Discord members. You can find the link to their Discord server on their website.
- You can sign up for their newsletter on their website. Subscribe to their newsletter, where you will receive updates on their latest news, features, and offers.
- Refer your friends to Lark Funding and earn rewards. For every friend that signs up for an evaluation account using your referral link, you will get a commission on their evaluation fee. You can also share your coupon codes with your friends to help them save money on their evaluation fees. You can find your referral link on your dashboard after logging in to your account.
These are some of the ways you can get discounts on Lark Funding by using coupon codes. If you have any questions or feedback, you can contact their support team via email or live chat. They are available 24/7 to assist you with any issues or inquiries. Happy trading!
Conclusion
Lark Funding offers a unique proposition in the world of proprietary trading firms. Its no-time-limit evaluation programs, diverse account sizes, and competitive profit splits make it an attractive option for traders looking to break into the world of professional trading. However, the firm’s profit targets and drawdown limits require traders to demonstrate a high level of skill and discipline. Additionally, Lark Funding could enhance its offering by providing more educational resources to support traders in their journey. Overall, Lark Funding presents a compelling opportunity for traders seeking to turn their passion for trading into a profession.
FAQ
What is Lark Funding’s maximum drawdown?
Lark Funding offers a maximum trailing drawdown of 10% in the 2-step evaluation program.
What is Lark Funding’s profit target?
Lark Funding has a profit target of 10% in phase 1 of the 1-step evaluation program.
What are Lark Funding’s minimum and maximum trading days?
According to the web search results, lark Funding has no minimum or maximum trading days.
What are Lark Funding’s challenge fees?
Lark Funding challenge fees range from $50 to $7,000 depending on the evaluation type and account balance.
Does Lark Funding offer a retry?
According to the web search results, it is unclear whether Lark Funding offers a retry.
Does Lark Funding offer a fee refund?
According to the web search results, it seems like Lark Funding does not offer a fee refund.
What is Lark Funding’s profit split?
Lark Funding offers up to a 90% profit split.
Does Lark Funding offer a scaling plan?
According to the web search results, it seems like Lark Funding offers a scaling plan.
Does Lark Funding allow expert advisors?
According to the web search results, it seems like Lark Funding allows expert advisors except those that are designed for HFT trading or arbitrage trading.
Does Lark Funding offer a free trial?
According to the web search results, it seems like Lark Funding offers a free trial.
What is Lark Funding’s minimum deposit?
According to the web search results, it seems like Lark Funding does not have a minimum deposit.
What are Lark Funding’s brokers?
Lark Funding uses Eightcap broker.
What are Lark Funding’s platforms?
According to the web search results, it seems like Lark Funding uses MT4 & MT5 platforms.
What is Lark Funding’s leverage?
Lark Funding’s leverages are as follows:
- For 1-Stage Evaluation, 1:10 (upgrade available upon checkout)
- For 2-Step Evaluation, 1:25 (up to 1:50)
- For 3-Step Evaluation, 1:15 (up to 1:30)
Is Lark Funding legit?
Based on web search results, it seems that Lark Funding is a legit company that has many positive reviews from its customers. However, there are also some negative reviews that point out some of the drawbacks of their service, such as their profit split, withdrawal rules, and non-refundable fees. Therefore, before you decide to join Lark Funding, you should do your own research and read their terms and conditions carefully. You can also contact their support team or join their Discord community to get more information and feedback from other traders.
Lark Funding’s alternatives
Some alternative prop firms to Lark Funding include FTMO, The Funded Trader, FundedNext, BluFX, Lux Trading Firm, and so on.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
