Lark Funding review
Lark Funding is a Montreal, Canada-based prop trading firm founded in 2022 by Matt Letourneau, a former independent trader. It sells 1-step and 3-step evaluation challenges plus an instant-funding option on simulated accounts from $10,000 to $200,000, with static (not trailing) drawdown limits, no minimum trading days or consistency rule, and an unlimited evaluation window. Profit splits start at 80% and can rise to 90%, and independent reviewers consistently cite fast payouts and responsive support, reflected in a Trustpilot score above 4.4 from 500+ reviews. The usual caveats apply: accounts are simulated rather than live, the firm is unregulated, it stopped taking new US clients in 2024 amid a MetaQuotes-driven platform shakeup, and it discontinued its 2-step program in early 2026.
Lark Funding key facts
- Website: larkfunding.com
- Category: Prop trading firm
- Founded: 2022
- Headquarters: Montreal, Canada
- Model: 1-Step, 3-Step Challenge, or Instant Funding
- Account sizes: $10K–$200K
- Profit split: 80%, up to 90%
- Payouts: Bi-weekly, hours-fast processing
- Platforms: cTrader, DXtrade, Match-Trader
- CEO: Matt Letourneau
- FYI Score: 78.6/100 (ranked #190 of the prop trading firms we track)
Rules and risk
- The 1-Step evaluation uses a static (non-trailing) 7% max drawdown and 5% daily loss limit, with no minimum trading days and an unlimited time window; the 3-Step track tightens the max drawdown to 5% static but drops the daily limit entirely.
- No consistency rule applies on any track, and Lark's 'Smart Reset' feature gives 1-Step traders a free retry if the account nears breach — more forgiving than most challenge-fee firms.
- Weekend position holding and trading without a stop loss are restricted by default; both can be unlocked with a paid add-on. Martingale, grid trading and cross-account hedging are prohibited.
Payouts and platforms
- Profit splits start at 80% on the 1-Step and 3-Step tracks (raisable to 90% via a paid add-on) and are a flat 90% on Instant Funding; payouts run bi-weekly, with independent reviewers reporting processing as fast as a few hours.
- MetaTrader is not supported. Lark moved execution to cTrader, DXtrade and Match-Trader in 2024 after MetaQuotes restricted MT4/5 licensing for a number of prop firms, and it stopped accepting new US client registrations around the same time.
- Lark discontinued its 2-Step evaluation program in early 2026, closing existing funded accounts after a four-month wind-down period during which it says it honored outstanding payout requests.
Lark Funding evaluation challenges
| Challenge | Steps | Profit target | Max drawdown | Profit split | Price |
|---|
| 1-Step Challenge | 1-step | 10% | 7% | 80% | from $200 · $10K–$200K |
| 3-Step Challenge | 3-step | 5% | 5% | 80% | from $105 · $10K–$200K |
| Instant Funding | — | — | 8% | 90% | from $200 · $10K–$100K |
Markets
Forex, Metals, Indices, Commodities, Crypto, Stocks
Platforms
cTrader, DXtrade, Match-Trader
Who Lark Funding is for
A reasonable fit for a trader who wants a static (not trailing) drawdown, no consistency rule, and flexible evaluation timing, and who is comfortable trading on cTrader, DXtrade or Match-Trader rather than MetaTrader. Less suitable for US-based traders (new signups currently closed) or anyone who needs a regulated, live-market counterparty.
Pros
- Static (not trailing) drawdown on its evaluation accounts, no consistency rule, and a free-retry Smart Reset feature on the 1-Step track.
- Strong independent reputation for a firm this young — a 4.4/5 Trustpilot score from 580+ reviews, with recurring praise for payout speed and support responsiveness.
- Three funding routes (1-Step, 3-Step, Instant) with profit splits reaching 90%, running on modern platforms (cTrader, DXtrade, Match-Trader) rather than a single proprietary app.
Cons
- Not regulated — Lark describes its offering as demo trading education, and all accounts trade on simulated capital rather than live markets.
- No MetaTrader support since 2024, and new US client registrations have been closed since February 2024 amid industry-wide regulatory pressure on prop firms.
- A young firm (founded 2022) that discontinued its 2-Step program in early 2026, moving existing funded traders onto a four-month wind-down — a reminder that evaluation terms can change.
- 1-Step fees are comparatively high on smaller account sizes, and several rules (weekend holding, stop-loss waiver) carry extra add-on fees rather than being included.
Lark Funding FAQ
Is Lark Funding legit?
Lark Funding is a real, operating prop firm founded in 2022 by Matt Letourneau and based in Montreal, Canada, with a Trustpilot score around 4.4 out of 5 from more than 580 reviews. It is not a financially regulated company — it describes its offering as demo trading education — and both its evaluation and funded accounts trade on simulated capital rather than live markets.
What challenge types does Lark Funding offer?
Three current routes: a 1-Step Challenge (10% target, 7% static max drawdown, 5% daily), a 3-Step Challenge (5%/4%/3% targets across three phases, 5% static max drawdown, no daily limit), and an Instant Funding account that skips the evaluation for an 8% trailing drawdown and a flat 90% split. A previous 2-Step program was discontinued in early 2026.
How does the profit split and payout work?
The 1-Step and 3-Step tracks pay an 80% split by default, raisable to 90% via a paid add-on; Instant Funding pays a flat 90%. Payouts run on a bi-weekly cycle (on-demand then monthly for Instant accounts), with a $100 minimum payout and independent reviewers reporting turnaround as fast as a few hours.
What platforms and markets does Lark Funding support?
Lark Funding runs on cTrader, DXtrade and Match-Trader. It dropped MetaTrader 4/5 support in 2024 after MetaQuotes restricted MT4/5 licensing across the prop-firm industry. Tradable markets include forex, metals, indices, other commodities, crypto and stock CFDs.
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