Breakout Prop is a prop trading firm with a focus on crypto trading. This company offers more than 100 crypto assets for trading in a "centralized exchange trading environment".
Also, this firm provides a platform titled "Breakout Terminal" as a mobile and web app.
However, there are drawbacks to Breakout Prop, too. In this review, we are going to investigate everything about this company in detail.
Breakout Prop Prop Firm Company Overview
Breakout Prop is revolutionizing the crypto prop trading space with its unique approach and cutting-edge technology. Here's a breakdown of what sets Breakout apart:
- Crypto-Centric Focus: Unlike many prop firms that offer a broad range of assets, Breakout specializes exclusively in cryptocurrency trading.
- Direct Liquidity Access: Breakout sources liquidity directly from Tier 1 centralized exchanges, ensuring traders have access to the best available market conditions.
- Advanced Trading Platform: Traders benefit from Breakout's custom-built trading platform, featuring advanced order types, one-click trading, and built-in risk management tools.
However, based on our investigations, there is not much information available about the parenting company of this firm, which is a negative point.
Breakout Prop Prop Firm Specifications Summary
Here's a concise overview of the firm's key specifications:
Account Currency | Crypto |
Minimum Price | $50 |
Maximum Leverage | 1:5 |
Maximum Profit Split | 90% |
Instruments | Crypto |
Assets | +100 |
Evaluation Steps | 1-Step, 2-Step |
Withdrawal Methods | Crypto (ERC-20 Only) |
Maximum Fund Size | Up to $2M |
First Profit Target | 5% |
Max. Daily Loss | From 4% |
Challenge Time Limit | None |
News Trading | Yes |
Maximum Total Drawdown | From 5% |
Trading Platforms | Proprietary |
Commission Per Round Lot | $35 |
Trust Pilot Score | 4.9/5 |
Payout Frequency | Daily |
Established Country | United States |
Established Year | 2023 |
Advantages & Disadvantages
Every prop firm has its unique flaws. Let's examine the pros and cons of trading with Breakout Prop:
Cons | Advantages |
Crypto-Only Focus May limit traders interested in diversifying across other asset classes. | Crypto-Focused Expertise |
Strict Risk Management | Direct Exchange Liquidity |
Advanced Trading Platform | |
Competitive Profit Splits | |
Flexible Evaluation Options |
Funding & Price Overview
Breakout Prop offers a range of funding options to suit different trader preferences and skill levels. Here's a breakdown of their funding structure and associated costs:
- Account Sizes: Traders can choose from account sizes ranging from $5,000 to $100,000 (Scalable up to $2M)
- Evaluation Costs: For one-step challenges, Prices start at $55 for a $5,000 account, scaling up to $800 for a $100,000 account (Max. $2M); For the two-Step Challenges, there are Slightly lower entry costs.
How to Open an Account and Verify on Breakout Prop
Opening an account with Breakout Prop is a short and quick process. Here's a step-by-step guide:
- Visit the Breakout Prop Website, then click on "Log in";
- Click on "Create One";
Breakout Prop registration form's details and specifics- Fill in the form with details such as name, country, email address, and create a username & password.
Now, your account is created. You can complete the registration with submitting more info including your residence address, and passing the KYC process with uploading the images of the required documents.
Breakout Prop Evaluation Steps and Levels
Breakout prop firm offers a structured evaluation process designed to identify skilled traders capable of managing significant capital. Evaluation steps and levels for 1-step Challenges:
Account Size | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 |
Profit Split | Up to 90% | ||||
Target | $500 | $1,000 | $2,500 | $5,000 | $10,000 |
Max. Daily Loss | $200 | $400 | $1,000 | $2,000 | $4,000 |
Max. Total Drawdown | $300 | $600 | $1,500 | $3,000 | $6,000 |
Leverage | Up to 1:5 | ||||
Evaulation Price | $55 | $110 | $275 | $495 | $800 |
2-step Challenges:
Account Size | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 |
Profit Split | Up to 90% | ||||
Step-1 Target | $250 | $500 | $1,250 | $2,500 | $5,000 |
Step-2 Target | $500 | $1,000 | $2,500 | $5,000 | $10,000 |
Max. Daily Loss | $250 | $500 | $1,250 | $2,500 | $5,000 |
Max. Total Drawdown | $400 | $800 | $2,000 | $4,000 | $8,000 |
Leverage | Up to 1:5 | ||||
Evaulation Price | $50 | $100 | $250 | $450 | $725 |
Breakout Prop Bonuses And Discount Codes
Currently, Breakout Prop does not offer any bonuses and promotions to users. However, there are discount codes available for challenge fees. Here's a promo code:
- Use "MATCH" at checkout for a 5% discount on any challenge.
Always check the official and third-party resources for updates on promo codes and bonuses.
Does Breakout Prop Have A Custom Trading Platform?
Breakout prop firm provides traders with a robust and user-friendly trading environment, which is built in a custom way for the firm's clients. Here's an overview of their platform offerings:
- Advanced order types
- One-click trading functionality
- Integrated risk management tools
- Multi-chart layouts
- Real-time market data and analytics
- Accessible from iOS and Android devices, and any device with an internet connection via the web app
You can download the app for your mobile device via these links:
Tradable Instruments and Symbols
Breakout Prop provides trading only for cryptocurrencies, but offers a wide range of digital assets. Here's an overview of the tradable instruments available:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- Cardano (ADA)
- Polkadot (DOT)
- Chainlink (LINK)
- Uniswap (UNI)
- Aave (AAVE)
- Compound (COMP)
- And many more
Breakout Prop provides access to over 100 cryptocurrency pairs, allowing traders to capitalize on a wide range of market opportunities.
However, the absence of other tradable markets could be an issue to many traders.
Payment Options Overview
Based on our examinations on the website and the conversation we had with the support team, the firm offers payouts and payments only in cryptocurrencies. Also, they only accept payments via tokens on the ERC-20 network, which is another limit.
Commission & Costs Structure on Breakout Prop
Breakout Prop maintains a transparent trading fee structure, designed to align the interests of traders with the firm. Here's a breakdown of their commission and cost structure:
- Competitive spreads sourced directly from Tier 1 exchanges;
- A $35 per side per lot commission for trading in Breakout Evaluation and Breakout Account;
- 09% swap fee per each open position per day;
- No monthly fees or subscriptions required;
- No hidden charges or data fees.
Educational Resources and Materials
Breakout Prop is committed to trader success and offers a decent suite of educational resources. Here's an overview of their educational offerings:
- Webinars and Workshops
- Prop Trading 101
- Trading Blog
- Video Library
- Trading Community
- Newsletter
Breakout Prop Trust Score
Trust scores and user reviews play a crucial role in assessing the reliability of prop trading firms. Here's an overview of the mentioned firm's scores on the "Trustpilot":
- Rated 4.9 out of 5
- Based on more than 170 reviews
- Over 95% of 5-star ratings
Customer Support Department
There are several ways of contacting the company's support team. Choose any one that suits you best. The firm's support contact methods:
- Email: support@breakoutprop.com
- Live Chat: Available on the official website
- FAQ: With a search function for answering your questions
There is no information about the working hours of this firm, and the team was too slow to answer in our experience.
Breakout Prop Social Media Channels
Users can learn about the updates and other information related to a firm through its social pages. In the list below, we will mention the firm's channels:
- Instagram: https://www.instagram.com/breakoutprop/
- X (Formerly Twitter): https://twitter.com/breakoutprop
- Youtube: https://youtube.com/@Breakout_prop
- Discord: https://discord.gg/breakout
Expert Suggestions
Breakout Prop is a crypto-focused prop trading firm with no trading services for other markets. Therefore, it's not for you if you want to trade any asset other than crypto.
And if you are interested in digital assets, this prop firm might still not be the best option, since it lacks some features such as fiat payments. However, it offers daily payouts and profit split up to 90%.
