Is Lark Funding The Prop Firm For You? An Overview

Lark Funding is a Canada-based proprietary trading firm that provides traders with access to capital through various account types and evaluation processes. Operating in partnership with broker EightCap, the firm offers trading opportunities on MT4 and MT5 platforms. Their account sizes range from $5,000 to $1 million, catering to traders with different levels of experience and capital requirements.

Is Lark Funding The Prop Firm For You? An Overview

 

Evaluation Processes

Lark Funding employs a tiered evaluation system to assess traders’ skills before granting access to funded accounts. The evaluation stages are designed to ensure that traders meet specific performance criteria:

  1. 1-Step Evaluation: A single-phase assessment where traders must achieve predefined profit targets and adhere to risk management rules.
  2. 2-Step Evaluation: A more comprehensive process requiring traders to pass two consecutive phases, each with its own set of objectives and guidelines.
  3. 3-Step Evaluation: The most rigorous evaluation, involving three phases that progressively test a trader’s consistency, discipline, and profitability.

These structured evaluations aim to identify proficient traders capable of managing substantial capital responsibly.

 

Leverage Options

Lark Funding offers varying leverage options based on the chosen account type and evaluation stage:

  • Regular Accounts: Standard leverage of 1:10 for Forex, Metals, and Indices. Traders can opt to increase this to 1:20 by paying an additional 25% of the challenge fee during checkout.
  • 2-Stage Evaluation Accounts: Initial leverage of 1:25 for Forex, Metals, and Indices, with an option to elevate to 1:50 upon paying an extra 25% of the challenge fee.

These options provide flexibility for traders to choose leverage levels that align with their trading strategies and risk tolerance.

 

Trading Platforms and Instruments

Lark Funding supports trading on the cTrader and DXTrade platforms, the latter integrating with TradingView—a renowned charting and analysis tool. Traders have access to a diverse range of financial instruments, including currency pairs, indices, metals, equity shares, and cryptocurrencies, allowing for diversified trading strategies.

 

Comparison with Funded Elite

While Lark Funding offers a structured approach to funding traders, it’s beneficial to compare its offerings with other firms in the industry, such as Funded Elite.

  1. Profit Split: Funded Elite provides traders with a dynamic scaling system, starting with an 80% profit split that can evolve to 90% as traders successfully complete payouts. This structure rewards consistent performance with a higher share of profits.
  2. Second Chance Feature: Funded Elite is notable for offering an automated second chance on all challenges. If a trader breaches their account during the evaluation phases, they can restart from the first phase without incurring additional fees. This feature is not available during the live trading phase.
  3. Leverage and Trading Conditions: Funded Elite offers a leverage of 1:50 across its account types, providing traders with substantial buying power. Additionally, the firm allows trading during news events and supports trading from multiple IP addresses, offering flexibility in trading operations.

 

Conclusion

Lark Funding presents a variety of account types and evaluation processes tailored to accommodate traders with different experience levels and capital needs. However, when compared to firms like Funded Elite, traders may find that the latter’s higher profit splits, supportive features like the second chance option, and flexible trading conditions offer a more advantageous environment for developing and scaling their trading careers.

 

Join Funded Elite Today

Funded Elite offers one of the highest profit splits in the industry, a Second Chance Program, and flexible payment structures, making it an attractive choice for traders who want more capital and a transparent path to success. Traders can stay up to date with market developments by subscribing to our newsletters on either Facebook, X or Instagram.

What are you waiting for? Empower Your Trading Journey, Maximize and Realize Your Full Potential! Become a Funded Trader Today!

 

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  • for 35% off on 1/2 step challenges.
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  • for 10% off for LITE challenges.