Complaint Review: LarkFunding - Toronto Ontario

This is for Suckers, Very Misleading, Hiding Facts

This is for Suckers, Very Misleading, Hiding Facts

I Want to post my experience with LarkFunding and with this called "Trade Funding Firms" and their programs, this is the reality about it, read it carefully so you can understand how this really works and what they don't tell you before you decide to waste your money, this is worse than a casino.

What I'm posting is my answers to the email I received from Matt after sending him my first email.

Matt, Thanks for your email

However, this for me is nothing more than an elaborated SCAM, I have been trading since 2004 and have made as much as 700% in 3 hours like when Brexit happen and brought a $1000 account to a $7,000 profit all positions closed, another example I started back in September of last year with a $200.00 account, I had to deposit another $300.00 to prevent a margin call throughout the process "Extremely convenient" but end it up with $1.200 at the end clean and clear in a 3 month period. and proceed to withdraw the money, it was in my account in 2 days, so you are talking to no Newby.

"You will see down below why I mention these 2 examples to him and why you are better off trading on your own with a reputable broker."

Your explanations are very diplomatic I must say but they can be enough for stupid people that do not have common sense or have no clue on how this really works, not me, I thought you were out of all of the ones out there the transparent one but I was wrong.

1) Regarding your first comment in your first email, you have confused the daily and maximum drawdown. Yes, you breached the daily loss limit (5%), but if you hadn't done so within a 24-hour period, you would have had the opportunity to work towards bringing the account back up.

My Response to #1 Response

I have not confused anything I breach the daily loss limit of 5% by $12.62 cents when the system closed my trades automatically. How come?..... "Ridiculous but very convenient for you" right?

This happens because you set it up to be this way, so you can take the client's money and get paid, this way clients not only do not have what they really paid for which is 5% daily and 10% max but also they will have to do it again and again and again, this is where the business comes profitable right? so, it is a "SCAM" and this is my reason for disputing the charge.

Nice.! email you send right away offering 10% "Big Deal" like a fricking casino.

You should be transparent and the same way you set up your system to close client's accounts the same way you can set it up so their accounts don't go over their daily 5% by ridiculous amounts of $12.62 cents and they get what they pay for.

Also, I saw a tremendous difference in the price between my XM account and your demo accounts with 8cap, 10 pips difference, and sometimes even more, this is huge and you know it, I wonder why that is? You do know why, right?

Also, about your comment #2

2) If you think that trading with a $2500 account is more profitable than a $50,000 one where you keep up to 90% of the profits, that's okay.

Of course, it is more profitable if you trade your own account with $2500 and a 1:100 leverage and no trading rules, which is called common sense, the 50.000 number with your rules is what I called a "mental J**k-off" and I can keep 100% of the profits.

What good is it to have a 50k - 100k account if you can't really use the margin available? "Common Sense"

Open a $2.500 account with 1:100 leverage and you will have the same as opening a 50k account with this SCAM, the difference is "No Ridiculous Rules.!

Answer to your #3

3) Lastly, as you will see here, unlike our 1-Stage Program, it's a trailing drawdown, which explains why your drawdown didn't increase. Once you make 8%, it then locks in, and you can begin increasing your drawdown room.

This is another catch, you are not allowed to use the money you have already made to increase your daily margin available, WTH.!..Is actually funny to see how ridiculous these rules are.

As I said very convenient for you, but this is not what you make people understand on your trading rules, quite impressive "Legal" but a deceiving way to rip people off and make money I must say.

I have already disputed the charge with my bank and will show them proof so they can make a decision, I hope they do see what I see, I will also be posting this so people can understand how this really works and the catch to it before they waste their money on "Mental J**k-Offs" when they are better off opening their own account and have a fear chance till the end.

At least with your own account, everything is on you and you have the chance on adding funds as I mention in my example at the beginning of my email if you need to for margin and to protect your capital and transactions.

Never again!

I should have gone with my instinct, Oh Well.! Lesson Learned.

I hope my bank understands and honors my dispute.