FAQs

TRADING RULES

All the rules and guidelines you need to successfully pass the evaluation and become a Funded Lark Trader.

There are absolutely ZERO hidden rules with Lark Funding. If you don't see a rule, that's because it doesn't exist.

All account credentials are emailed immediately upon purchase so you can get going right away. If for whatever reason you haven't received them after 30 minutes, please email our support team at info@larkfunding.com and we'll sort it out for you.

Once you pass your Assessment, you will receive an email from from Gabriella from Deel (gabriella@deel.support), providing you with instructions on how to access and complete your Trader Agreement. Once you complete the Agreement and all documents are provided, your funded account will be created, funded and issued to you usually within 24-48 hours.

Upon passing your Assessment, you will receive an email from Gabriella from Deel (gabriella@deel.support) with instructions on how to access and complete your Trader Agreement. Once the agreement is completed and supporting Know Your Customer documents provided, your funded account will be created, funded and issued to you typically within 24-48 business hours.

A soft breach means that all trades that violated the rule will be closed. However, you can continue trading your Assessment or Funded account.

A hard breach means that you violated either the Daily Loss Limit or the Max Trailing Drawdown rule. In the event you have a hard breach, you will fail the Assessment or have your Funded account taken away.

The Daily Loss Limit is calculated based on the previous day’s end of day (5 pm EST) balance. 


Example:  If your prior day’s end-of-day balance was $100,000 you would breach the Daily Loss Limit of 4% should your equity the next day fall to $96,000. 

The Maximum Trailing drawdown is the maximum your account can drawdown before you would hard breach your account.  When you open the account, your Max Trailing Drawdown is set at 5% of 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 the max trailing locks in at your starting balance, and no longer trails your account.

This is both to protect our capital and allow you to infinitely grow your account along with your buffer, to make your trading more and more stress free.

Example: If your starting balance is $100,000, you can drawdown to $95,000 before you would violate the Maximum Trailing Drawdown rule. Then for example, if you grow your account to $102,000 in closed balance, your new Maximum Trailing Drawdown would be $97,000. If you then grow your account to $115,000, your Maximum Trailing Drawdown is locked in at your initial starting balance ($100,000). This means you can experience a 15% drawdown before you would hit your Maximum Drawdown. Do note that the 4% Daily Drawdown will continue to be in play at all times.

Because it's smart and prudent risk management! Which of course, is the key to longevity in trading. If you fail to place a stop loss at the time of placing an order or executing a trade, our system will automatically close the trade.

This is only considered a soft breach rule, so you will be able to continue trading your account.

For an additional 10% of their challenge fee, traders can select the option upon checkout to hold trades over the weekend.

If this option is not selected, because of unexpected events that may take place over weekends, we require all trades to be closed by 3:45 pm EST on Friday.

Any trades left open after this time will automatically be closed.  Note, this is only a soft breach and you will be able to continue trading once the markets reopen.

Below are the maximum open lots across all pairs that a trader can have at any given time with 10:1 leverage.

$50K - 5 lots with risk
$100K - 10 lots with risk
$250K - 25 lots with risk
$500K - 50 lots with risk

With 20:1 leverage the maximum allowed lots with risk is as follows:

$50K - 10 lots with risk
$100K - 20 lots with risk
$250K - 50 lots with risk
$500K - 100lots with risk

Once your trade is in profit and you've moved your stop loss to either breakeven or in profit, the trade is no longer considered to be running with "open risk" and you can therefore open additional trades with additional lots.

For example, on a $500,000 account, if you take a trade with 50 lots, once your stop loss is at breakeven or in profit, you can execute a second trade with an additional 50 lots, for a total of 100 lots. So on and so forth.

If you execute trades that exceed that maximum allotted lots, our system will automatically liquidate all trades that currently carry risk.

Do note, margin and leverage requirements still apply. So, even though these are the maximum lots that can be traded, it is possible based on the leverage of the account that you may not be able to trade up to the maximum depending on the specific trade.

We require all traders to execute at least one trade every 30 days on their account or it will be considered inactive and your account will be breached.

FUNDED ACCOUNTS

You've passed! Here's everything you need to know to maintain the bag and keep the payouts rolling.

We work with a company called Deel to issue all trader agreements and process profit withdrawals. Once you pass your Assessment, you will receive an email from Gabriella from Deel (gabriella@deel.support) with instructions on how to access and complete your Trader Agreement. 

Once the agreement is completed and all documents provided, your Funded account will be created, funded and issued to you typically within 24-48 business hours.

And then you're off to the races!

Upon passing the Assessment, all traders receive LIVE, funded accounts.

Many companies in the industry provide demo accounts and are very ambiguous when asked if trades are actually being matched. At Lark Funding we believe in 100% transparency and ensuring that under all conditions we'll be able to meet trader payouts.

So you can rest easy knowing that you'll be trading a live account.

The rules for the Funded Account are exactly the same as your Assessment account.  However, with a Funded Account, there is no cap or limitation on the profits you can generate. The sky's the limit!

The short answer is no! We will still provide you with the profits you've earned.

If you have profits in your Funded account at the time of a hard breach, you will still receive your portion of those profits.

For example, if you have a $100,000 account and you grow that account to $110,000.  Should you then have a hard breach we would close the account.  Of the $10,000 in profits, you would be paid your 75% portion ($7,500).

When you are ready to withdraw your hard earned profits, please send an email to our support team (info@larkfunding.com) with the amount you would like to withdraw. We will then post your profit share into your Deel account, which you can withdraw via any of the available and variety of methods they offer.

You are free to withdraw your profits at any time, once per calendar month. At the time of any withdrawal request, we will also withdraw our share of the profits as well.

Important: Your drawdown is permanently locked in at your funded account's original value (in this case $100,000), the drawdown does NOT reset after withdrawal. If you were to grow your $100,000 account to $115,000 and you withdrew $15,000, you will have breached the maximum Trailing Drawdown Rule (please refer to above).

Your first withdrawal or being 5% in profit will lock in your drawdown to the original balance of the starting account.

This means if you are at $115,000 and you withdraw $10,000, you will be paid out and your funded account will be active and can still be traded. $5000 becomes your "max" drawdown since the drawdown is locked at the original $100,000. This also means that if you compound $100,000 to $400,00, you may request a withdrawal of $250,000 instantly and will now have a $50,000 buffer for your drawdown.

Upon receiving a payout on your funded account, you'll qualify to receive a free challenge account upon any breach/violation of your live account.

For example: If you signup for a $100,000 challenge account, pass the Assessment and receive a payout from your live account, you'll qualify to receive a free $100,000 challenge account.

When a rule in your live account is breached, contact us at info@larkfunding.com and we will provide you with your new challenge account.

This makes your funded account 100% risk-free, it reduces the stress on traders, knowing that if there is any violation, a free account will be provided to them and lastly, for traders that want a quick payout, the 5% trailing drawdown is now easier to workaround.

GENERAL QUESTIONS

Haven't covered your question yet? We probably will here.

Lark Funding's technology management is currently integrated with the MT4 and MT5 platforms. These platforms, along with pricing and execution are provided by our broker, EightCap.

Yes, we're hoping to provide cTrader as soon as possible!

As you grow your account in 5% increments, we will manually increase your maximum allowed lots by 5% as well. This will allow you to compound your account at the same pace.

This is done manually, so please email us at info@larkfunding.com when you would like us to do this for you.

If EightCap offers it, you can trade it! This includes FX pairs and CFD Indices, Metals, Equity Shares, and Cryptocurrencies.

You can learn more about their platform here: https://www.eightcap.com/en/

All standard accounts come with 10:1 leverage on Forex, Metals and Indices. . All traders have the option to double their leverage to 20:1 upon checkout for an additional 25% of the challenge fee.

The standard leverage on Equities is 5:1 and Cryptos are 2:1

On a $100,000 account with 10:1 leverage, traders will be able to open a maximum of 10 lots. When doubling their leverage to 20:1, 20 lots with risk will be allowed to be opened by the trader.

Yes! There are no restrictions regarding any news events.

Yes, there are no restrictions on Expert Advisors.

All countries, excluding OFAC listed countries, can take the Lark Funding Challenge.

You must be at least 18 years of age to purchase an assessment. Sorry ambitious teens!

Upon purchasing an Assessment, you will receive access to a trader dashboard where you can monitor your Assessment and Funded accounts.  The dashboard is updated every time we calculate metrics, which occurs roughly every 60 seconds. It is your responsibility to monitor your breach levels accordingly.

With great power comes great responsibility! 

Our trading hours are set by EightCap.  We do not have any control over the trading hours. You can see the trading hours for each product by right-clicking on any product in the Market Watch window of the MT4 or MT5 platform and selecting Specifications from the dropdown menu.

Please note that holidays can have an impact on available trading hours.

Additionally, pursuant to the no-holding trades over the weekend rule, we close all open trades at 3:45pm EST on Fridays.

We use the RAW accounts from EightCap and these accounts have commission charges for Forex and Equity Share CFDs. 

The other products, such as commodities and indices do not carry a commission.

Charges come across in the name of Dashboardanalytix.com. 

When trading a Funded account for Lark Funding, you are treated as an independent contractor.  As a result, you are responsible for any and all taxes on your profit share.