Breakout Prop is a crypto-focused prop trading firm offering over 100 coins/tokens and a proprietary trading platform. The company has set a maximum drawdown of 6% for its 1-step accounts and 8% for its 2-step models.
The account sizes range from $5K to $100K, scalable up to $2,000,000.
Breakout 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.
Operated under the legal entity “Breakout Trading Group, LLC” (Registration No. 7403672), the firm positions itself as a crypto-native prop provider. The company is headquartered in the United States and is led by CEO Alex Miningham.
However, based on our investigations, there is limited information available about the parent company of this firm, which is a negative aspect.
Breakout 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 | 5% |
Challenge Time Limit | None |
News Trading | Yes |
Maximum Total Drawdown | 8% |
Trading Platforms | Proprietary |
Commission Per Round Lot | $35 |
Trustpilot Score | 4.9/5 |
Payout Frequency | Bi-weekly |
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 $50 for a $5,000 account, scaling up to $999 for a $100,000 account.
How to Open an Account and Verify on Breakout Prop
The Breakout registration process is fast, secure, and requires no documents. The entire process, from entering your details to email verification, takes just a few minutes.
#1 Open the Breakout Registration Page
Visit Breakout’s homepage and begin the process by clicking “Login”, then select “Create an Account.”
Alternatively, use the “Open an Account” button located further down the page.
#2 Complete the Registration Form
Fill in the required details:
- Full name (first and last)
- Username (matches name)
- Email address
- Date of birth
- Country of residence
- Secure password + confirmation
Agree to the platform’s terms and proceed by clicking Register.
#3 Confirm Your Email
Check your inbox for a message from Breakout and click on the verification link. This instantly activates your account and completes the signup.
#4 Verify Your Account
You can pass the Breakout verification process by uploading clear 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 | 4% | 4% | 4% | 4% | 4% |
Max. Total Drawdown | $300 | $600 | $1,500 | $3,000 | $6,000 |
Leverage | Up to 1:5 | ||||
Evaluation Price | $60 | $110 | $275 | $495 | $999 |
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 | 5% | 5% | 5% | 5% | 5% |
Max. Total Drawdown | $400 | $800 | $2,000 | $4,000 | $8,000 |
Leverage | Up to 1:5 | ||||
Evaluation 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. Use "TRUST" at checkout for a 5% discount on any challenge.
Always check the official and third-party resources for updates on promo codes and bonuses.
Breakout Prop Rules
The notes in this section demonstrate the Breakout Prop rules that must be adhered to by the traders:
- VPN Usage: Breakout allows VPN usage as long as it's not used to hide or misrepresent your operating jurisdiction or evade applicable laws and regulations;
- Hedging: Hedging within the same account is allowed, and the hedge mode is enabled by default;
- Martingale and Arbitrage Strategy: Arbitrage between accounts with Breakout or any third-party companies is strictly prohibited;
- News Trading: Breakout allows trading during all news events.
VPN Usage
The use of VPNs is allowed for trading with Breakout, provided that they are not employed to conceal your trading jurisdiction or bypass applicable laws and regulations.
Any attempt to misrepresent your operating location using a VPN will require you to provide substantial proof of the change, such as travel documentation or location verification.
Hedging
Hedging within the same account is permitted, and the hedge mode is activated by default. However, traders are prohibited from engaging in more than one Breakout Evaluation at the same time. Doing so will be considered a violation of Breakout’s policies.
Expert Advisor (EA)
Currently, no specific information has been provided regarding the use of Expert Advisors (EAs).
Martingale and Arbitrage Strategy
Attempting arbitrage between Breakout accounts or with third-party platforms is strictly forbidden. The company holds the discretion to decide and enforce this rule. No information has been shared about the use of the Martingale strategy.
News Trading
There are no restrictions on news trading with Breakout. Traders are allowed to execute trades during any news event, assuming that liquidity and data accessibility from third-party liquidity providers are intact.
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, along with valuable trading tools. 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 for many traders.
Payment Options Overview
Based on our examinations of 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 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. Breakout Trustpilot Scores Overview:
- 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:
- Breakout Discord
- X (Formerly Twitter)
- Youtube
Breakout Compared to Other Prop Firms
This table exhibits a comparison between the discussed prop firm and other competitors:
Parameters | Breakout Prop Firm | E8 Markets Prop Firm | Maven Trading Prop Firm | The5ers Prop Firm |
Minimum Challenge Price | $50 | $33 | $15 | $39 |
Maximum Fund Size | $2,000,000 | $400,000 | $100,000 | $250,000 |
Evaluation steps | 1-Step, 2-Step | 1-Step, 2-Step, 3-Step, Instant Funding | 1-Step, 2-Step | 1-Step, 2-Step, 3-Step |
Profit Share | 90% | 100% | 85% | 100% |
Max Daily Drawdown | 4% | 7% | 4% | 5% |
Max Drawdown | 6% | 14% | 8% | 10% |
First Profit Target | 5% | 6% | 8% | 5% |
Challenge Time Limit | Unlimited | Unlimited | Unlimited | Unlimited |
Maximum Leverage | 1:5 | 1:100 | 1:75 | 1:100 |
Payout Frequency | Bi-weekly | Weekly | 10 Days | Bi-weekly |
Number of Trading Assets | 100+ | 40+ | 400+ | 3000+ |
Trading Platforms | Proprietary platform | MetaTrader 5, Match Trader | Match-Trader, cTrader | Metatrader 5 |
Expert Suggestions
Breakout Prop is a proprietary trading company with a trust score of 4.9/5 on the Trustpilot website; this rating is based on more than 170 submitted reviews.
The profit split goes up to 90% on all accounts. The profit target on 1-step challenges is 10%.