Breakout Review

Breakout Prop Firm positions itself as a crypto-native proprietary trading firm offering a high level of transparency and a robust trading environment on centralized exchanges.

With an uncompromising execution model and a modern, user-friendly interface, Breakout Prop Firm aims to provide traders with the tools and environment they need to succeed.

Whether you’re trading Bitcoin or a variety of altcoins, Breakout Prop Firm promises tight spreads, advanced trading tools, and an impressive liquidity pool.

Ready to start your trading journey with Breakout Prop Firm? Create an account today and begin one of the challenges to test your trading skills!

Coupon Code?

Currently, there are no promotional or coupon codes available for Breakout Prop Firm.

Introduction to Breakout Prop Firm

Official Company Name

Breakout Trading Group, LLC, operating as Breakout Prop Firm.

Prop Firm’s Address

Breakout Prop Firm does not disclose its address on their website.

Establishment Date

The firm was founded in November 2023.

Business Registration

Breakout Prop Firm is registered in the United Arab Emirates.

Ownership status

The firm is owned by Alex Miningham.

Platforms for Trading at Breakout Prop Firm

Breakout Prop Firm features a custom-built web and mobile application called the Breakout Terminal.

This state-of-the-art platform offers advanced order types, one-click trading, and integrated risk management features, providing traders with a comprehensive and user-friendly trading experience.

The platform supports over 100 crypto assets, enabling traders to execute their strategies efficiently and accurately.

Assets Available at Breakout

Traders at Breakout Prop Firm have access to over 100 crypto assets, providing a broad spectrum of trading opportunities. The centralized exchange setup ensures great liquidity, tight spreads, and clear order book depth, allowing for efficient and effective trading.

Payment Methods at Breakout Prop Firm

Details about payment methods at Breakout Prop Firm are not provided on their website.

Account Options

Breakout Prop Firm offers various account sizes to cater to different trading needs and capital levels. The available account sizes include:

• $5,000
• $10,000
• $25,000
• $50,000
• $100,000

Profit Sharing at Breakout Prop Firm

Traders at Breakout Prop Firm can keep up to 90% of their profits, which is a very competitive profit-sharing structure in the industry. This high retention rate aims to motivate and reward successful traders.

Profit Goals at Breakout Prop Firm

The profit targets for each challenge phase at Breakout Prop Firm are as follows:

Step 1 Goal:

• $5,000 account: $500
• $10,000 account: $1,000
• $25,000 account: $2,500
• $50,000 account: $5,000
• $100,000 account: $10,000

Risk Management Rules at Breakout Prop Firm

Breakout Prop Firm enforces strict risk management rules to ensure trader discipline and account longevity. The maximum daily loss and maximum drawdown limits are as follows:

Maximum Daily Loss:

• $5,000 account: $200
• $10,000 account: $400
• $25,000 account: $1,000
• $50,000 account: $2,000
• $100,000 account: $4,000

Maximum Drawdown:

• $5,000 account: $300
• $10,000 account: $600
• $25,000 account: $1,500
• $50,000 account: $3,000
• $100,000 account: $6,000

Trading Days Requirement at Breakout Prop Firm

Breakout Prop Firm does not impose any time limits on the evaluation process. Traders can take as much time as needed to meet the evaluation criteria, allowing for a stress-free and flexible trading environment.

Challenge Steps at Breakout Prop Firm

Breakout Prop Firm offers a structured evaluation process to assess and reward trader performance. The challenge steps are as follows:

1. Pass the Breakout Evaluation: Traders can choose between a one-phase or two-phase evaluation process with no time constraints.
2. Trade Your Funded Account: Upon passing the evaluation, traders can trade a live account and retain up to 90% of the profits.

Cost of the Breakout Prop Firm Challenge

The cost of participating in the Breakout Prop Firm Challenge varies based on the selected account size. Here are the fees for each challenge:

• $5,000 account: $55
• $10,000 account: $110
• $25,000 account: $275
• $50,000 account: $495
• $100,000 account: $800

These fees cover the evaluation and setup of the trading accounts, ensuring traders have the necessary resources and support.

Fees and Commissions at Breakout Prop Firm

Breakout Prop Firm offers competitive trading fees for crypto assets, making trading cost-effective for its users. The fees are:

• $3.50 per side per $10,000 traded

This clear and straightforward fee structure allows traders to easily calculate their trading costs and plan their strategies accordingly.

Refund Policy at Breakout Prop Firm

Breakout Prop Firm has a no-refund policy. This is clearly communicated to ensure transparency and set trader expectations from the beginning.

Trial Availability at Breakout Prop Firm

Currently, Breakout Prop Firm does not offer any free trials. This information is not listed on their website.

Payout Schedule at Breakout Prop Firm

Breakout Prop Firm ensures timely payouts with a structured schedule, allowing traders to receive their profits promptly. The payout schedule is:

• First payout: After 14 days
• Second payout: Within 10 days of the new trading period
• Subsequent payouts: Weekly, processed within 24 hours

This consistent and reliable payout system helps traders with financial planning and rewards their trading activities efficiently.

Pros and Cons

Useful information

Breakout Evaluation

• Two Trading Stages: Evaluation and live trading.
• Demo Account Goal: Based on demo account equity, including unrealized gains/losses.
• Progression: Login credentials for a new demo account after passing a stage, with the balance reset.
• Maximum Drawdown:
• One-step account: Fixed, does not trail.
• Two-step account: Trailing, based on the highest account balance.
• Maximum Daily Loss: Calculated based on demo account equity and reset daily at 1700 EST.
• Leverage: Up to 5:1 for BTC and ETH, 2:1 for altcoins.
• Cost of Trading: $3.50/side per $10,000, with fees, slippage, and swaps applying.
• Inactivity Rule: Accounts disabled after 30 days of inactivity.
• Refund Policy: No refunds offered.
• Live Environment: Trading during the Breakout Evaluation takes place in a demo environment with added latency to prevent prohibited trading practices.

Additional Information

• Modern Trading Terminals: Custom web and mobile apps for fast and seamless trade execution.
• Transparency: Data on evaluation success rates, breaches, and payouts are openly shared.
• Trader Bonus: Monetary bonuses provided to traders upon meeting certain conditions.
• Prohibited Uses: Includes violating any laws, scraping, hacking, unauthorized trading strategies, and account sharing.
• No Advice/Education: The Company does not provide investment advice or trader education.
• Account Opening: Personal information required; one active account per assessment without prior approval.
• Terms and Conditions: This Agreement is legally binding and subject to change at the Company’s discretion.
• Trademarks: Use of the Company’s trademarks without permission is prohibited.
• Disclosure Statement: Trading and investing involve high risk, and past performance is not indicative of future results.
• Term and Termination: The Company reserves the right to terminate services at its discretion.
• Disclaimer of Warranties and Limitation of Liability: Services are provided “as-is” with limited liability.
• Indemnification: Traders must indemnify the Company against claims arising from their use of the services.
• Arbitration: Any disputes will be settled by arbitration in Miami, Florida.