TRADE UP TO $500,000
With no minimum or maximum trading days, freedom is yours.
Pass Same-Day or Take Your Time.
|Target||1-Step Evaluation = 10%|
|The profit target in the Lark Funding challenge is 10% from the initial account balance. With no time limit, the trader has no deadline to achieve the 10% and once completed, without breaching any of the drawdown rules, will qualify for a live trading account.|
|Min./Max. Trading Days||None|
|There are no minimum or maximum trading days during the Lark Funding challenge. In other words, you can pass in one trading day or take as much time as you need!|
|Daily Max Loss||$2,000||$4,000||$10,000||$20,000|
The daily max loss on all accounts is 4%, meaning at no point can a trader lose more than 4% of the previous day account balance. All account balances reset at 5pm EST. At Lark Funding we DO NOT calculate your daily max loss based on your previous day equity. This allows the trader to compound their account and not stress with normal, swing trading fluctuations.
Example: If the previous day’s account end balance (5pm EST) was $100,000, the 4% daily loss limit will be breached if your equity reaches $96,000 during the day.
If your floating equity is +$8,000 on our $100,000 account, your new-day (5pm EST) max loss will still be $96,000 as it was floating equity, and your account balance had not changed.
The maximum drawdown is the maximum your account can be in drawdown before you would hard breach your account. This is initially set as a 5% trailing drawdown from your starting balance. This 5% trails your closed trading balance until you reach 5% profits in your account. Once you have achieved 5% in your account, it is no longer a trailing drawdown and it locks in at your starting balance.
Example: If your starting balance is $100,000, the maximum drawdown your account can drop to is $95,000 before you would violate the Maximum Drawdown rule. If you then grow your account to $103,000 in closed balance, this would be your new high-water mark, and your maximum drawdown would now be $98,000. If you then grew your account to $110,000 in closed balance, your Maximum Drawdown would be locked in at $100,000, your starting balance. At this point, no matter how much you grow your account, your Maximum Drawdown would be locked in at $100,000. Note that you can still violate the 4% Daily Loss Limit, but if you grow your account, to say, $175,000, your Maximum Drawdown will remain at $100,000.
|Leverage||1 : 10 (upgrades available upon checkout)|
|10:1 is the standard leverage on all accounts. Upon checkout, you have the option to double the leverage to 20:1.|
|Live Account Profit Split||Keep 75% of your profits or compound your account|
|Once funded, you’re entitled to receive 75% of all profits generated on the account, with no restriction on when you can request a withdrawal.|
One Time Fee
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