This program offers direct access to a simulated Master account. It's, therefore, crucial that you have a refined trading and risk management system.
Please read all of the following rules closely to understand the program.
The Maximum Daily Loss & Trailing Loss Limit
5% Daily Loss Limit
The Maximum Daily Loss is the amount a trader is allowed to lose in a single day. For this rule, the higher value between equity and balance is used, and it is set at 5% of the starting equity or balance each day. The rule states that the account’s daily equity—which is the sum of all closed positions plus the currently floating PnL—must not reach the Maximum Daily Loss limit. This limit resets every day at 5:00 pm EST.
5% Max Trailing Drawdown Limit
The Maximum Loss Limit is a threshold preventing an account’s equity or balance from falling below a certain point. It is calculated as 5% of the account’s highest recorded equity or balance. The drawdown will lock in at the initial balance once the account achieves a 5% profit. This rule has a trailing feature based on equity, meaning it will continue to adjust to the highest equity level reached until the 5% gain threshold is met. For example, if an account’s equity peaks at $103,000, the equity or balance must never drop below $97,850.
The Maximum Trailing Loss Limit does not reset after a reward.
News Trading & Lot Size Limits
We currently don't have any restrictions surrounding news events. However, please refer to our All-or-Nothing prohibited trading strategy and ensure that you're remaining risk-managed at all times.
There is no hard set lot size limit. A trader is restricted solely based on their available leverage.
Instruments, Simulated Leverage & Commissions
We offer simulated trading on Forex, Metals, Crypto, Indices & Energies with RAW spreads. There is a 7$ round trip commission per standard lot.
Crypto, Indices and Oil are commission-free.
The standard simulated leverage that will be applied on all accounts in the Lark Funding Instant model is:
Forex: 1:15
Metals: 1:15
Indices: 1:15
Crypto: 1:2
There is an option during checkout to double your leverage to 30:1. This will only apply to FX and Metals.
Payouts Requests
The standard reward is 80% of the simulated gains on your Master account. This can be upgraded to 90% during checkout.
We offer the first payout on-demand. This means that you can request your first reward whenever you would like. All subsequent rewards can be requested every 30 days, with a $100 minimum.
Rewards can be processed via Wise or Riseworks. Your preferred method can be selected in your Trader Dashboard when requesting a payout.
Note that your 5% maximum trailing drawdown does not reset upon requesting a payout.