Lark Funding Reviews

What is Lark Funding?

A new prop trading company called Lark Funding debuted in June 2022, headed by well-known trader and YouTube star Matt L. This project deviates from standard industry procedures to help traders get beyond obstacles like stringent deadlines and intricate laws that impede their advancement.

With a focus on performance-driven payouts, Lark Funding offers demo accounts to traders with up to $600,000 in holdings. Customer success and happiness are the team’s top priorities, and they are led by Matt L. and other seasoned pros. The company distinguishes itself from rivals with its creative assessment procedure that has no time constraints and is enhanced by first-rate customer service.

Lark Funding was immediately recognized as a trendsetter in the prop trading industry thanks to this innovative strategy. The company is distinguished by its dedication to openness, persistent assistance for traders, and an array of cutting-edge tools intended to improve the trading experience. Consequently, Lark Funding signifies a paradigm change in the workings of prop trading companies.

Lark Funding Funding Programs and Challenges: Rules and Requirements 

Phase 1

Traders enter a realm without bounds as they begin their trip. Phase 1 removes traders from daily loss restrictions, time constraints, and following drawdowns.

Phase 1 establishes a strong base for traders to enhance their skills by aiming for a 10% account gain and allowing account resets if needed.

Phase 2

Transitioning to Phase 2, traders use the same concepts as Phase 1, but with a slightly modified account gain target of 4%.

This phase serves as a transitional period for traders to refine their methods and enhance their trading methodologies.

Traders can say goodbye to the pressure of completing a strict two-phase evaluation or handling the pressure of trading on an instant funding account. Lark Funding allows individuals to pursue achievement at their own pace. 

Strive to achieve a feasible 10% profit goal without experiencing pressure. Choose from a variety of funded accounts & trade up to $1,000,000 without any specific minimum or maximum trading day restrictions. If they pass on the same day or take their time, the decision is completely up to them.

Account Size	$50,000	$100,000	$250,000	$500,000	$1,000,000
Target	1-Step Evaluation = 10%	10%	10%	10%	10%
Min./Max. Trading Days	None	None	None	None	None
Daily Max Loss	$2,000	$4,000	$10,000	$20,000	$40,000
Overall Drawdown	$2,500	$5,000	$12,500	$25,000	$50,000
Leverage	1 : 10 (upgrades available upon checkout)	1:10	1:10	1:10	1:10
Live Account Profit Split	75% profit split | Up to 90%	75-90%	75-90%	75-90%	75-90%
One Time Fee	$400	$700	$1,750	$3,500	$7,000

Phase 3

Phase 3, the ultimate step, represents the highest point of achievement. Traders work within known limits but with a lower goal of achieving a 3% increase in their account.

Finishing this phase indicates preparedness to become a funded trader with Lark Funding. This accomplishment signifies a major milestone in someone’s trading journey.

What are Forex Prop Challenges?

Forex prop challenges are a form of evaluation procedure put up by proprietary trading businesses (prop firms) to find exceptional traders and provide them with the opportunity to trade with the firm’s funds. These challenges are intended to put a trader’s capacity to earn profits while properly managing risk to the test, with a set of trading rules and objectives to adhere to over a specific time.

A forex prop challenge normally has two primary stages:

1. The challenge phase: During this initial phase, traders are given a demo account with a fixed balance and are asked to meet a certain profit objective within a set timeframe, often a month or two, while adhering to maximum drawdown restrictions and other trading guidelines. This phase evaluates the trader’s capacity to earn profits within specified risk constraints.

2. The Verification Phase: Traders who successfully met their profit objectives and followed the regulations during the challenge phase advance to the verification phase. This stage is similar to the challenge phase, although it often lasts longer and may include somewhat different profit objectives or criteria. The goal of this phase is to confirm the trader’s consistency and expertise across a longer time frame.

After completing both steps, traders are often awarded a funded account. This implies that the prop business sets aside a portion of its funds for the trader to handle. The profit gained by trading this capital is split between the trader and the prop business according to a predetermined split.

Forex prop challenges need a cost, which varies for each prop business. This charge covers the expense of the review procedure and guarantees that traders are committed to the offer.

The particular criteria aims, and structure of prop challenges might differ significantly between businesses. Traders are expected to match the following common parameters:

– Profit targets: A predetermined proportion of the account balance that traders must meet.

– Drawdown limits: The maximum permissible percentage loss from the account’s peak amount, both daily and cumulatively.

– Minimum trading days: The number of active trading days required throughout the challenge period.

– Trade style restrictions: Some companies may have regulations about trading strategies, such as forbidding high-frequency scalping or overnight positions.

Aside from the initial challenge fee, forex prop challenges provide traders with access to considerable trading capital without putting their cash at risk. However, participants must carefully evaluate the terms and circumstances of these challenges, since the criteria established by prop businesses are stringent and intended to test traders’ discipline, risk management, and trading acumen.

Lark Funding Broker: Do They Use a Reliable Platform? 

Traders can choose between two well-known trading platforms: MetaTrader 4 (MT4) & MetaTrader 5 (MT5) at Lark Funding. Both platforms are flexible and offer a variety of features to cater to a wide range of trading requirements.

MetaTrader 4 (MT4) is a renowned platform recognized for its intuitive design and wide range of features. MT4 allows traders to implement strategies accurately and efficiently through its strong charting features, analytical tools, and automated trading functions.

MetaTrader 5 (MT5) is an upgraded platform with improved features and extended functionalities. MT5 has more trading assets like stocks and futures compared to MT4, as well as an enhanced scripting language for custom indicators and expert advisers.

Both systems accommodate a diverse variety of traders, from novices to experienced professionals, and provide exceptional flexibility and adaptability. Traders can customize their trading experience by using different indicators, charting tools, and expert advisers provided on these platforms.

Lark Funding Fees: How Much Do They Charge? 

Once traders finish the 30 days with a funded account, they can request their initial profit withdrawal. The proprietary trading firm will also take their portion of the earnings if they request a withdrawal.

In Lark Funding, to start a withdrawal, email the support team with the requested amount. Once traders prepare to receive their gains, a portion of the profit will be paid to their Deel account. traders can choose to withdraw utilizing any of their various options.

Traders’ drawdown will stay constant at the original amount of their funded account, usually $100,000. If they remove $15,000 from an account that increased from $100,000 to $115,000, they will exceed the maximum Trailing Drawdown Regulation.

Upon the first withdrawal or when achieving a 5% profit, the drawdown will be restricted to the original balance of the starting account. If traders remove $10,000 from a $115,000 account, the account will remain active, and the new maximum drawdown will be $5,000 calculated from the original $100,000 value.

If the trader’s account increases from $100,000 to $400,000, they will have a drawdown cushion of $50,000, allowing for an immediate withdrawal of $250,000.

Therefore, Forex prop trading fees refer to the costs associated with participating in a proprietary (prop) trading firm’s program, particularly those that offer traders the opportunity to trade the firm’s capital. These fees are a critical aspect of the business model for many forex prop firms, especially those that run challenge or evaluation programs to vet potential traders. Here’s a breakdown of the types of fees that traders might encounter:

1. Challenge Fees

These are upfront fees paid by traders to enter into a trading challenge or evaluation program. The challenge is essentially a test that evaluates a trader’s ability to generate profits while adhering to specific risk management rules. If successful, the trader is usually offered the opportunity to trade with the firm’s money. Challenge fees can vary significantly depending on the firm, the size of the demo account provided for the challenge, and the complexity of the challenge itself.

2. Account Setup or Administration Fees

Some prop firms may charge a one-time setup fee for creating and managing a trader’s account. This fee might cover the administrative costs associated with setting up the trading infrastructure, account monitoring, and other backend services necessary for the trader to begin trading.

3. Monthly Desk Fees

Desk fees are akin to rental fees for the physical or virtual space and resources (like software, data feeds, and trading tools) provided by the prop firm. While more common in traditional prop firms that offer physical trading desks, some online forex prop firms might also charge a monthly fee for access to premium trading platforms or tools.

4. Profit Split

While not a fee per se, the profit split arrangement is a significant financial consideration in prop trading. After successfully passing a challenge, traders are allowed to trade with the firm’s capital, and any profits generated are split between the trader and the firm according to a predetermined ratio. Common splits might be 70/30 or 80/20, favoring the trader. It’s essential to understand the profit split terms as they directly affect the trader’s potential earnings.

5. Software or Data Fees

In some cases, traders might need to pay additional fees for access to specialized trading software, real-time data feeds, or analytical tools that are not included in the basic package offered by the prop firm.

6. Education or Training Fees

Some prop firms also offer educational courses, mentoring programs, or trading workshops. These might be optional or required parts of the trading program, with fees varying widely based on the content’s depth and duration.

Key Considerations

– Value for Money: Traders must assess whether the fees charged by a prop firm offer good value for the services provided, especially in terms of the trading capital access, technology, and support offered.

– Transparency: Reputable prop firms are transparent about their fee structure, with no hidden charges. Traders should thoroughly review all terms and conditions before committing.

– Risk: While paying fees for a chance to trade with significantly more capital can be appealing, traders should consider the risk of not passing the challenge and the potential loss of the fee paid.

Forex prop trading offers a unique opportunity for traders to leverage more substantial capital than they might otherwise access. However, understanding the fee structure is crucial to making an informed decision about which prop firm to engage with.

Lark Funding Proof of Payment:

Traders that receive rewards from Lark Funding are assisted by Deel, which provides various payment alternatives including bank transfers & cryptocurrency payments.

Once traders have maintained their funded account for 30 days, they can request their initial profit withdrawal. Just email the support team with the withdrawal amount. They can share the revenues and that will be deposited to their Deel account.

Lark Funding Customer Support: 

Lark Funding provides customer service by email and a contact form. Customers can contact the support staff by sending an email to [email protected]. This email address allows individuals to communicate directly to express their inquiries, worries, or pleas for help.

The email address [email protected] acts as a primary point for rapidly and efficiently addressing a variety of consumer needs. Users can utilize this email avenue to interact with the support team for an explanation of program information, technical concerns, or help with account administration.

Furthermore, the implementation of an inquiry form on the Lark Funding website offers an extra channel for visitors to interact with the support team. 

What Makes Lark Funding Unique? 

Lark Funding offers a variety of products tailored to meet the various tastes and objectives of traders. The platform is appropriate for a variety of dealers.

• Lark Funding provides a supportive environment and unique funding for aspiring prop traders looking to begin or progress in their prop trading careers.

• Strategic Traders that value long-term planning would be attracted to Lark Funding due to its lack of time restrictions. This allows them the liberty to carry out their trading methods with accuracy and composure.

• Lark Funding offers sophisticated services that attract tech-savvy individuals interested in technical improvements. The features consist of automatic trade identification and customizable challenge settings, which improve the trading process by increasing efficiency and allowing for personalization.

Lark Funding Reviews: What Do Their Customers Say?

Lark Funding has received 281 reviews on this reliable website and a rating of 4.7 stars out of 5 on Trustpilot.  

#1. Caitlyn stated that the reason she was drawn to Lark as a swing trader was because it offered the flexibility to maintain positions through the weekend and at night, as well as no time constraints for the task. Her passion for YouTube, along with Matt’s common sense, impressed me. She enjoys the trading statistics on the dashboard as well.

#2. Kevin Lesage says he bought the 10k challenge to give it a try, and while everything went well, he doesn’t think it’s for him. As a scalper on sex, he has far too little leverage (1:15). Everything else is fine; the website is easy to navigate, and the challenge prices are pretty reasonable.

#3. According to Chahine, he likes the 3-step challenge because it doesn’t have a daily requirement. They are genuine, as evidenced by the 7621.58 he received from them. The only significant problem he has is that they lock traders to the starting balance, meaning that any trade would result in a breach if they ask for the entire amount he made once funded. 

His account was compromised after he took out the entire amount and made a trade. The first business that I’ve seen with this policy. Thus, they must set aside a few thousand for drawdown if they wish to take out the money but are unable to do so in full.

#4. Giveaway accounts are not in the same state as what traders purchase, Michael cries. Moreover, there is a serious spread problem with EightCap, the broker they utilize, during rollover. It is insufficient to set a stop loss point at even 20 pip. This is a low-frequency swing trading company exclusively for traders. Because of the extremely low maximum lot size limit, traders are unable to use significant leverage to take on greater risk. If this corporation engages in day trading, he would steer clear of them.

#5. As per Dung TVT, he stated that it is quite insane. It’s his first time having to give a one-star rating. The Max Drawdown calculation method is ludicrous. It was the foolish Max Drawdown calculation that cost him his account. 9.29k left in a 10k account meant that Max Drawdown was still in violation. Avoid setting the Max Drawdown at 10% as this would mislead traders and result in losses for them while benefiting the fund exclusively. incredibly let down.

Conclusion

Lark Funding offers a valuable chance for traders seeking to push their limits. The review process is one-stage and leads to a funded account upon successful completion. Lark Trading has collaborated with the registered brokerage business Eightcap to offer advantageous trading conditions & a diverse range of instruments on MetaTrader platforms.

Lark Funding sets achievable profit targets & ensures that drawdowns are controlled within acceptable boundaries. Lark Trading offers a substantial profit share of 90% and flexible trading conditions, with no time restrictions, making it a standout choice in proprietary trading.

Lark Funding prioritizes the success of its traders by providing unique programs, openness, and assistance. The company caters to the changing requirements of the contemporary trading market, making it a great option for traders seeking a favorable setting for development. Initiating an exploration into Lark Trading is the initial stage in beginning a fulfilling trading venture.