Breakout is a crypto-native proprietary trading firm, focused on direct market access and a simplified evaluation process.
The company was recently acquired by Kraken, one of the world’s largest crypto exchanges, further solidifying its place as one of the premiere platforms for crypto prop traders.
Trade with up to $200,000 in account balance.
Fortunly Rating
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
- No minimum or maximum trading day requirements
- Zero commissions on most pairs
- Daily on-demand payouts
- Backed by Kraken for superior liquidity
- Low starting price
- Somewhat clunky mobile experience
Breakout Overview
Breakout is a Dubai-based trading firm created for recruiting skilled cryptocurrency traders who want to trade with the firm’s capital.
The company wants to attract users who value technical precision and speed, and provides a no-commission environment in the digital currency market.
Pricing & Plans
There are two different paths to a funded account with Breakout. These are called Classic and Elite, and both of the paths also allow you to go with a 1-Step or a 2-Step evaluation program.
The Classic 2-Step evaluation plan is the most similar to what other firms in this space usually offer. The account sizes go from $5,000 to $100,000, and the one-time fee cost for entering the program goes from $50 to $999.
The profit targets are 5% in the first step, and 10% in the second step, while the maximum daily loss is set at 5%.
With the Classic 1-Step program, profit target is at 10%, while the maximum daily drawdown is at 3%.
The Elite path also offers two options, but both are 1-Step programs called Pro and Turbo, going from $5,000 to $200,000 in account sizes. The prices range from $45 to $1,399, with profit targets set at 12% for Pro and 9% for Turbo accounts.
Maximum daily loss is set at 3% on all of these accounts, while max drawdown is at 5% for Pro accounts, and 3% on Turbo accounts.
The profit share on all accounts is also set at 80%, and you always have an option to purchase an add-on to increase it to 90%.
Trading Instruments & Platforms
Breakout is focused solely on crypto prop trading, and through its partnership with Kraken now provides direct access to liquidity from Tier 1 centralized exchanges.
There are currently more than a hundred cryptocurrencies you can trade on, including Majors like Bitcoin and Ethereum, and a wide variety of altcoins.
Breakout offers trading on majors with up to 5x leverage, while altcoin trading has a lower, 2x leverage.
The firm has also built its own trading dashboard, called the Breakout Terminal, which uses TradingView’s tech stack to provide traders with a professional-grade environment that is both easy to use and will feel familiar to anyone with at least some experience in trading this way.
Deposits and Withdrawals
The company allows for deposits through crypto wallets, Stripe or PayPal, and issues payouts 24/7 via USDC, directly to your wallet.
This is what sets Breakout apart from other prop firms, as it offers true daily payouts, allowing you as a funded trader to request profits every single day.
Many traders have reported that they’ve been able to request withdrawals as frequently as every 30 minutes, and if your payouts are confirmed, they are usually processed within 24 hours.
Customer Experience & User Sentiment
The trading experience with Breakout stands out from the competition in terms of professional-grade execution and transparency.
The desktop dashboard has clearly been the focus here, and is easily the preferred way to trade here, built for traders who need advanced order types and one-click trading. The mobile app has been somewhat clunky, with stability issues and a lower-grade UI/UX when compared to the desktop version.
Recent updates have addressed at least the stability issues, but power traders still overwhelmingly prefer the terminal.
Users are, however, overwhelmingly satisfied with Breakout’s services, as the firm currently holds an impressive 4.8/5 rating on Trustpilot, with the majority of comments praising the withdrawal process.
Breakout offers customer support via email, help center or through its Discord community where the company’s staff and moderators resolve most of the user’s issues within minutes.
Our Verdict
Breakout is clearly a great choice for traders who are focused on crypto, especially now that Kraken has backed it, further cementing the firm as a leader in this space. While the mobile experience can still be improved, the lightning-fast, on-demand daily payouts and a great variety of evaluation plans with fair goals make it at least worth considering as a platform of your choice.
FAQ
Does Breakout have a consistency rule?
No. Breakout is one of the few firms that does not enforce a consistency rule or an anti-gambling policy.
What is the minimum withdrawal amount?
The minimum withdrawal threshold at Breakout is $100.
How fast are the payouts processed?
Breakout offerS on-demand daily payouts, allowing you to request profits each day.
Are there any prohibited trading styles?
While Breakout allows news trading and swing trading, they do prohibit latency arbitrage, high-frequency trading and the use of grid trading or martingale bots.