Lark Funding Account Types and Differences

Following lark funding account types and differences traders can select an account type that matches their skills and trading types. Since its founding in 2022, the proprietary trading firm Lark Funding has grown in popularity. Through a number of evaluation initiatives, it provides traders with a methodical way to become funded traders. With the help of these programs, traders with different levels of experience can showcase their trading abilities while following predetermined profit goals and risk management guidelines. The characteristics, advantages, and salient distinctions of Lark Funding account types and differences will be examined in this article.

Lark Funding Overview

The idea of Lark Funding is to give traders the chance to trade with capital without having to risk their own money. The firm provides one-stage, two-stage, and three-stage programs as part of its tiered evaluation approach. Every program is designed to evaluate traders’ capacity to control risk and meet profit goals in various scenarios.

Lark Funding Account Types

Three main evaluation programs are offered by Lark Funding, they include:

• One-Step Evaluation Program
• Two-Step Evaluation Program
• Three-Step Evaluation Program

Regarding profit goals, drawdown restrictions, leverage options, and performance splits, every program is unique.

1. One-Step Evaluation Program

For traders that are certain they can reach certain profit goals without going through several stages, the 1-Stage Evaluation Program is ideal. The salient features are as follows:

• Profit Goal: Traders need to increase their accounts by 10%.
• Maximum Drawdown: There is a daily drawdown cap of 5% and a maximum drawdown of 6%.
• Performance Split: Traders get an 80% profit split at first, with the possibility of a 90% split depending on performance.
• Options for Leverage: The program provides a 1:15 simulated leverage, which can be upgraded at checkout.
• Account Sizes: $5,000 to $200,000 are the available account sizes.
• Time Limit: Reaching the profit goal has no time constraint, either minimum or maximum.

For traders who want a simple assessment without the hassles of several stages, this program is perfect.

2. Two-Step Evaluation Program

Through two separate stages, the 2-Step Evaluation Program enables traders to exhibit consistency over time:

• Phase 1 Profit Goal: Increase the account by 8%.
• Phase 2 Profit Goal: Following a successful completion of Phase 1, a lower objective of 5% must be reached. 
• Maximum Drawdown: During both periods, there is a 10% maximum static drawdown and a 5% daily drawdown cap.
• Performance Split: Traders begin with an 80% profit split, which can rise to 90%, as much as the one-stage scheme.
• Options for Leverage: The leverage is set at 25:1 for this evaluation, but it can be doubled to 50:1 for an extra charge.
• Account Sizes: The $5,000 to $200,000 account sizes offer versatility for a variety of trading tactics.
• Time Limit: Neither phase has a time limit for completion.

With the possibility of substantial profits, this program is appropriate for traders who would rather have their trading abilities evaluated more gradually.

3. Three-Step Evaluation Program

The most extensive choice provided by Lark Funding is the 3-Stage Evaluation Program, which is intended for disciplined traders who exhibit steady performance over time:

• Phase 1 Profit Objective: Reach a 5% increase.
• Phase 2 Profit Goal: The goal drops to 4%.
• Phase 3 Profit Target: Traders must ultimately hit a 3% target, which adds up to a 12% cumulative gain target for all stages.
• Maximum Drawdown: With no daily drawdown cap and a maximum static drawdown of just 5%, this program gives traders more freedom to manage their trades.
• Performance Split: As with previous programs, traders start with an initial split of 80%, which can rise to 90%. 
• Leverage Options: The leverage offered is initially set at a regular rate of 15:1, however during checkout, there is an upgrade option that raises it to 30:1.
• Account Sizes: Additionally, account sizes fall between $5,000 and $200,000.
• Time Limit: Since neither phase has a time limit, traders have plenty of time to reach their goals at their own speed.

For people who want to show their abilities over a longer period of time and want controlled growth through several levels, this program is perfect.

Comparing Different Account Types

Here is a comparison analysis to help you better grasp the differences between these three evaluation programs: 

Profit Target

• 1-Stage Evaluation: 10%
• 2-Stage Evaluation: Phase 1: 8%, Phase 2: 5%
• 3-Stage Evaluation: Phase 1: 5%, Phase 2: 4%, Phase 3: 3%

Maximum Drawdown:

• 1-Stage Evaluation: 6%
• 2-Stage Evaluation: 10%
• 3-Stage Evaluation: 5%

Daily Drawdown:

• 1-Stage Evaluation: 5%
• 2-Stage Evaluation: 5%
• 3-Stage Evaluation: No daily drawdown

Performance Split

• 1-Stage Evaluation: Up to 90%
• 2-Stage Evaluation: Up to 90%
• 3-Stage Evaluation: Up to 90%

Leverage

• 1-Stage Evaluation: Up to 15:1
• 2-Stage Evaluation: Up to 50:1
• 3-Stage Evaluation: Up to 30:1

Account Sizes

• 1-Stage Evaluation: $5k – $200k
• 2-Stage Evaluation: $5k – $200k
• 3-Stage Evaluation: $5k – $200k

Time Limit

• 1-Stage Evaluation: No Limit
• 2-Stage Evaluation: No Limit
• 3-Stage Evaluation: No Limit

Benefits of Choosing Lark Funding

Lark Funding appeals to traders since it provides a number of benefits:

Adaptable Assessment Procedure

• Traders with varying skill levels and risk tolerances can select the best course of action thanks to the tiered evaluation framework. Because of this flexibility, traders can move forward at their own speed without feeling hurried or under pressure.

High Splits of Profits

• At Lark Funding, the profit-sharing plan is competitive. For profitable traders, starting at an initial split of 80% and working your way up to 90% offers significant earning potential.

No Time Restrictions

• Lark Funding gives traders unlimited time to reach their profit goals, in contrast to many proprietary trading firms that place stringent time limitations on evaluations. This feature promotes deliberate trading decisions and lessens stress.

Leverage 

• Leverage levels can be chosen by traders to fit their trading strategy, improving capital efficiency and possible returns while skillfully controlling risk.

Frequency of Payments

• Depending on the assessment program chosen, payment requests can be made weekly or bi-weekly after funding with Lark Funding. Compared to many other firms in the business, this frequency enables traders to receive their winnings more quickly.

Things to Think About Before Using Lark Funding

Even if Lark Funding has many benefits, prospective traders should be aware of the following:

Initial Fees

• Depending on the account size and evaluation stage selected, traders must pay an upfront fee. Even though these costs are common in the sector, some new traders may view them as a deterrent.

Guidelines for Risk Management

• Throughout their assessments, traders are required to closely follow the maximum drawdown limitations. If these limitations are exceeded, you may be barred from trading going forward while the firm reviews it.

In conclusion

For both novice and seasoned forex traders searching for funded accounts, Lark Funding offers an alluring platform. Traders can choose an account type that suits their trading style and skill set with its structured evaluation programs (one, two, and three stages), which also offer flexible leverage options and competitive profit-sharing plans.

Prospective traders can choose the strategy that best fits their trading objectives by being aware of the distinctions between different account kinds. All things considered, Lark Funding is a unique proprietary trading firm that equips its traders with the necessary instruments and assets for success in the fast-paced financial markets of today. 

Frequently Asked Questions

What Are The Profit Targets For Each Program On Lark Funding?

• 1-Stage Evaluation: The profit target is set at 10% of the account size.
• 2-Stage Evaluation: The profit targets are 8% for Phase 1 and 5% for Phase 2.
• 3-Stage Evaluation: The cumulative profit targets are 5% for Phase 1, 4% for Phase 2, and 3% for Phase 3, totaling a target of 12%.

How Does The Performance Split In Lark Funding Works?

• All programs start with an initial performance split of 80%, meaning traders keep 80% of their profits. This can increase up to 90% based on performance metrics achieved during the evaluation process.

Is There Any Time Limits For Achieving Profit Targets On Lark Funding?

• No, Lark Funding does not impose any minimum or maximum time limits for achieving profit targets across any of its evaluation programs. This allows traders to progress at their own pace without feeling rushed.

What Will Happen If I Exceed My Drawdown Limits?

• Exceeding drawdown limits can lead to disqualification from further trading until a review occurs. It’s crucial for traders to manage their risk carefully within the prescribed limits set by Lark Funding.