Lark Funding has announced a new feature called the Lark Gain Protector. This feature allows traders to request a payout from their Simulated Funded Account even if they have breached the daily drawdown limit.
Details of the Lark Gain Protector
The Lark Gain Protector ensures that traders receive their earned gains despite breaching the daily loss limit, provided certain conditions are met. Here are the key details:
- Qualification Criteria:
- Traders must not have incurred a loss greater than 1% of their account balance.
- A minimum of 5 trading days is required.
- Example Scenario:
- A trader grows their $100,000 Funded Account to $110,000.
- If the daily loss limit (5%) is breached, and the account drops to $105,000, the trader has technically breached the account.
- Despite this, there is still $5000 in gains.
- On the withdrawal date, Lark Funding will pay out these gains.
Traders who meet these criteria can email the support team to request their payout.
