Lark Funding Forex prop firm review – a Promising young prop firm with simpler rules

Launched in 2022, Lark Funding is an FX-proprietary firm offering funded trading challenges without hidden rules and obscure limits and rules. At least, that’s what the firm plans to achieve. With profit targets as low as 3-5% on different phases and no time limits or daily limit rules the firm’s proposal of value can not be underestimated at one glance.

In our Lark Funding review of the prop firm, we will delve into the firm’s crucial metrics, including safety, funding options, assets, fees, profit share, withdrawals, and many more.

Pros & cons of Lark Funding prop firm

Pros

• Ability to withdraw with $0 fees
• Offers access to MetaTrader 4, MetaTrader 5
• Fast and digital account opening/verification
• Offers access to Forex, indices, cryptos, and commodities
• Wide range of funding amounts, from $5,000 to $1 million USD
• The firm offers a flexible profit-sharing model, starting at 75% and going up to 90% through paid add-ons
• Most payment options are free and instant

Cons

• Limited Track Record as it was established in 2022
• Lark Funding does not provide educational resources
• No Phone Support

Lark Funding Quick Overview

Safety of Lark Funding – 1.5

The firm has been around since 2022 making it a very young company which increases risks for traders as there is not enough track record to ensure the firm is truly safe and reliable.

There are no Lark Funding reviews or evaluations on the FPA which is natural for prop firms this young. On the Trustpilot, the firm has a 4.6 good rank. However, Trustpilot’s views are unreliable and do not directly indicate that the Lark Funding scam is impossible. As for Lark Funding’s partner broker, it is the regulated broker EightCap. This is a very important component for measuring the safety of the firm and adds a point to its safety.

The firm gets a 1.5 score in this section.

Lark Funding maximum capital allocation – 4

Lark Funding funding challenges consist of three min account types called 1-stage evaluation, 2-stage evaluation, and 3-stage evaluation. 1-stage evaluation offers funding up to 1 million USD. The exact funding options for the 1-stage evaluation are as follows :

5,000 USD, 10,000 USD, 25,000 USD, 50,000 USD, 100,000 USD, 250,000 USD, 500,000 USD, and 1,000,000 USD.

The 2-stage evaluation accounts range from 5,000 to 200,000 USD. Similarly to the 2-stage, the 3-stage evaluation Lark Funding challenge also has the same range of funded amounts.

Lark Funding funded programs offer greater flexibility as traders can comfortably choose their preferred funded amount between 5,000 and 1 million USD funded accounts.

There is no Lark Funding scaling plan as of now which is understandable as the broker offers a higher upper range for its funded accounts.

As a result of diversity and greater flexibility, we give the firm a 4 score in this section. The firm lost 1 point because of lacking a 1,000 USD funded account option.

Lark Funding Assets – 4

Lark Funding prop firm offers Forex pairs, indices, cryptos, and commodities for trading. The firm also has maximum lot sizes for each asset class:

• 5 Lot Max for Forex Pairs
• 3 Lot Max for Indices
• 3 Lot for Crypto, Commodities

There can be 5 positions max open at any given time to ensure the trader can control risk limits reasonably. The partner of the firm is regulated broker EightCap which offers diverse trading assets, meaning the prop firm traders can also enjoy asset diversity.

For not having stocks and other assets such as futures or bonds, and still offering popular asset classes, we give the firm a 4 score in this section.

Lark Funding Trading rules and limitations – 4.6

Lark Funding rules are transparent and given on the website. Since there are three funded account types let’s explain the rules for each of these accounts.

For the 1-stage evaluation accounts, there are several must-follow rules for the traders to get funded and withdraw profits:

• Time limits – None
• Trailing drawdown – None
• Profit split – 75% (up to 90% with paid addon)
• EAs and News trading – Allowed
• Daily drawdown – 5%
• Maximum drawdown – 6%
• Leverage – 1:10
• Profit target – 10%

2-stage evaluation accounts come with slightly different rules:

• Time limits – None
• Trailing drawdown – 10%
• Profit split – 75% (up to 90% with paid addon)
• EAs and News trading – Allowed
• Daily drawdown – 5%
• Maximum drawdown – 10%
• Leverage – 1:25
• Profit target – 8-10%

The 3-stage evaluation account comes with three phases and the following rules and limitations:

• Maximum static drawdown – 5%
• Daily drawdown – None
• Phase-1 profit target – 5%
• Phase-2 profit target – 4%
• Phase-3 profit target – 3%
• Time limits – None
• Profit split – 80%(up to 90%)
• Leverage – 1:15

It is very important to closely follow these rules to ensure the trader completes the challenge without breaking the rules. If they break any of the rules outlined by the firm on their website, then the account will be blocked and traders will have to start from the beginning.

For having less restrictive rules and reasonable limitations Lark Funding gets a 4.6 score in this metric.

Lark Funding Fees – 5

The three funded account types offered by Lark Funding come with different fee structures for each funded amount.

Here is the exact list of the funded amount and corresponding fees for 1-stage evaluation accounts:

• Funding: 5,000 USD – One-time fee: 95 USD
• 10,000 USD – 150 USD
• 25,000 USD – 225 USD
• 50,000 USD – 400 USD
• 100,000 USD – 700 USD
• 250,000 USD – 1750 USD
• 500,000 USD – 3500 USD
• 1,000,000 USD – 7000 USD

The fees are slightly different for 2-stage evaluation accounts:

• Funding: 5,000 USD – One-time fee: 95 USD
• 10,000 USD – 150 USD
• 25,000 USD – 225 USD
• 50,000 USD – 325 USD
• 100,000 USD – 525 USD
• 200,000 USD – 1000 USD

The funding with corresponding fees for 3-stage evaluation accounts:

• Funding: 5,000 USD – One-time fee: 50 USD
• 10,000 USD – 50 USD
• 25,000 USD – 70 USD
• 50,000 USD – 175 USD
• 100,000 USD – 370 USD
• 200,000 USD – 700 USD

As we can see, the 3-stage evaluation account has the lowest fees for each funded amount. This is because traders have to go through three stages before they can get funded accounts which is a lengthier process than the other two accounts.

Lark Funding free trial is not available at the moment, meaning traders have to pay a one-time fee to start any challenge program.

Lark Funding free repeat is also not possible as traders will have to pay the fees again if their account gets blocked due to breaching the rules. However, there is a discount for resetting up to 75%.

As a result, we give the firm a 5 score in this section.

Lark Funding Platforms – 5

Lark Funding prop trading is done through the advanced platforms of MT4 and MT5 offered by the partner broker EightCap. The broker is regulated and is a partner of many of the prop firms. EightCap MT4 and MT5 come with full functionality and have a multitude of built-in tools for analyzing charts. They offer EAs which are automated trading robots and come with support for all devices including mobile and Desktop.

Overall, all our metrics are met by Lark Funding when it comes to platforms and we give it a 5 score in this section which is well-deserved.

Lark Funding Profit-Sharing – 5

Lark Funding’s profit split is flexible and starts from 75% on 1-stage and 2-stage evaluation accounts and at 80% on 3-stage evaluation accounts. Profit share can be raised up to 90% through paid add-ons.

Withdrawals can be made after 14 days of getting a simulated funded account and after the first payment is given it can be done every 7 days. In case trader break the daily drawdown rules but has profits on their account they still can withdraw profits before it is blocked.

We give the firm a 5 score in this metric for offering flexible and attractive withdrawals and profit split policies.

Education and trading tools at Lark Funding – 0

There are no educational materials at Lark Funding. This is disadvantageous for beginner traders who want to learn and become funded traders. The tools for market research are also absent.

Because of the reasons mentioned above, we give the firm a 0 score in this metric.

Customer Support at Lark Funding – 2.4

Support is provided using advanced live chat with an in-built virtual assistant. The live chat has a menu and search bar making it super easy to navigate in the interface and find any information. If the issue is not present in the help files traders can request a live chat with the customer representative. Another support form is email support. The support and website are both only in the English language. The firm is well-represented in social media platforms but lacks phone support.

As a result, we give the firm a 2.4 score in this section.

Frequently Asked Questions