Breakout Prop Review
Breakout Prop is a crypto-native proprietary trading firm founded in November 2023, offering traders access to over 100 crypto assets and perpetual futures contracts. The firm stands out with its custom-built Breakout Terminal platform, available on web and mobile, which integrates with tier 1 exchange liquidity for tight spreads and deep order book visibility.
Breakout Prop Review
Summary
Breakout Prop has emerged as an exciting player in the world of proprietary trading firms, having been established in November 2023. As a crypto-native proprietary trading firm, Breakout Prop stands out for its specialized focus on cryptocurrency trading. The firm is registered in the United Arab Emirates and is owned by Alex Miningham, operating under the legal entity Breakout Trading Group, LLC.
At the heart of Breakout Prop’s offering is their custom-built Breakout Terminal, available as both a web and mobile application. This platform provides traders with access to over 100 crypto assets, leveraging liquidity from tier 1 centralized exchanges. The result is a trading environment that boasts tight spreads and deep order book visibility, essential features for serious crypto traders.
One of the standout aspects of Breakout Prop is its flexible approach to trading. Unlike many other prop firms, it doesn’t impose time limits on its evaluation process, allowing traders to progress at their own pace. This flexibility extends to its trading strategies as well, with traders free to employ a wide range of methods as long as they adhere to the firm’s risk management rules.
The firm offers a range of account sizes, from $5,000 to $100,000, catering to traders at various stages of their careers. Their profit-sharing structure is particularly attractive, with traders able to keep up to 90% of their profits. This generous split, combined with the potential for high leverage (up to 5:1), creates significant earning potential for successful traders.
While Breakout Prop offers many attractive features, potential traders should be aware that the firm does not offer refunds on evaluation fees, and there is currently no free trial option available. Overall, Breakout Prop Firm presents an intriguing option for traders looking to enter the world of crypto prop trading, offering a modern platform, flexible conditions, and a trader-friendly profit-sharing structure.
Let’s examine the specific features and conditions that make Breakout Prop a unique player in the prop trading industry.
Breakout Prop Review
Programs
Breakout Prop offers a range of evaluation programs designed to suit different trading styles and experience levels. We’ll explore the various account sizes and evaluation options available to traders below:
1-Step Breakout Evaluation
The 1-Step Breakout Evaluation offers traders a direct path to funding with account sizes ranging from $5,000 to $100,000. Traders must achieve a 10% profit target while adhering to a 6% maximum drawdown limit and a 4% daily loss limit. This program is ideal for confident traders who prefer a straightforward challenge, as there’s no time limit to reach the profit target. The streamlined approach allows skilled traders to potentially access funded accounts more quickly, making it an attractive option for those with a proven track record. Key features include up to 5:1 leverage, no time constraints, and evaluation fees ranging from $55 to $800, depending on the account size.
2-Step Breakout Evaluation
The 2-Step Breakout Evaluation provides a more gradual approach to funding, also offering account sizes from $5,000 to $100,000. This program is divided into two stages, with profit targets of 5% for Step 1 and 10% for Step 2. The maximum drawdown limit is set at 8% of the initial account balance, with a 5% daily loss limit. This two-stage process allows traders to demonstrate consistent performance over a longer period, potentially reducing the pressure associated with a single-stage evaluation. Like the 1-Step program, there’s no time limit, giving traders the flexibility to progress at their own pace. Key features include up to 5:1 leverage, no time constraints, and evaluation fees ranging from $50 to $725, depending on the account size. Both programs offer access to over 100 crypto assets and perpetual futures through the custom-built Breakout Terminal, with a profit split of up to 90% for funded traders.
Breakout Prop Review
Conditions
Breakout Prop offers a unique set of trading conditions tailored for crypto traders. Below we will look into the key aspects of Breakout Prop’s trading environment:
Drawdowns
Breakout Prop employs a static drawdown model for both its 1-Step and 2-Step Breakout Evaluation programs, providing traders with clear and consistent risk management guidelines. In the 1-Step Evaluation, the maximum drawdown is set at 6% of the initial account balance, while the 2-Step Evaluation offers a slightly higher limit of 8%. This static drawdown means that the drawdown limit remains fixed based on the starting balance and does not adjust with any profits made during the evaluation. For example, a $100,000 account in the 1-Step Evaluation has a maximum drawdown of $6,000, meaning the account balance cannot drop below $94,000. Similarly, in the 2-Step Evaluation, the same account would have an $8,000 drawdown limit, setting the minimum balance at $92,000. This approach ensures that traders have a stable framework for managing risk, allowing them to focus on reaching their profit targets without the added complexity of a trailing drawdown.
Payouts
Breakout Prop offers an attractive and competitive payout structure, allowing traders to earn up to 90% of the profits they generate. This high profit split is designed to incentivize traders to perform at their best and maximize their earnings. The payout process is straightforward and follows a structured schedule: the first payout occurs after 14 days, the second payout within 10 days of the new trading period, and subsequent payouts are processed weekly within 24 hours. This consistent and timely payout system not only supports traders’ financial planning but also rewards their trading activities efficiently. Traders can request withdrawals once they have met the necessary conditions, making this payout structure one of the key benefits of trading with Breakout Prop, as it allows traders to retain and access a significant portion of their earnings in a timely manner.
Trading Days
A unique aspect of Breakout Prop is the flexibility it offers in terms of trading days. Unlike some other prop firms that impose strict time limits on completing evaluation phases, Breakout Prop does not enforce such constraints. This means traders can take as much time as they need to meet their profit targets, allowing them to trade at their own pace and adapt their strategies to changing market conditions. This flexibility can be particularly advantageous for traders who prefer a more relaxed trading schedule or who need to accommodate other commitments.
Trading Strategies
Breakout Prop provides traders with the freedom to use a wide range of trading strategies, but there are specific prohibited practices to be aware of. Traders are not allowed to exploit errors or latency in pricing, hedge trades across separate accounts, or engage in high-frequency algorithmic trading that relies on latency advantages. Additionally, using third-party strategies specifically marketed to pass evaluations or sharing account details for others to trade on behalf of the trader is prohibited. Despite these restrictions, Breakout Prop allows the use of expert advisors and algorithmic trading strategies that comply with their rules, enabling traders to apply their unique strategies within the firm’s guidelines.
Refund Policy
Breakout Prop does not offer refunds. This policy is clearly stated and suggests that traders should carefully consider their decision before enrolling in an evaluation program. The non-refundable nature of the evaluation fees likely covers the costs associated with account setup and risk management. As such, traders should ensure they are fully committed and understand the terms before proceeding with any evaluation.
Breakout Prop Review
Features
| Maximum capital | $100,000 |
| Profit split | Up to 90% |
| Scaling | No |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:5 |
Breakout Prop distinguishes itself with a suite of features tailored for crypto traders. In this section, we’ll explore the unique aspects of the Breakout prop:
Platforms Offered
The Breakout Terminal is a custom-built trading platform offered by Breakout Prop, available as both a web and mobile application. This platform is specifically designed for crypto trading, providing traders with a comprehensive suite of tools and features to execute their strategies effectively. It supports advanced order types, one-click trading, and built-in risk management features, allowing traders to automate their strategies and manage risk efficiently.
The platform also integrates with liquidity from tier 1 centralized exchanges, ensuring deep liquidity, tight spreads, and transparent order book depth. With access to over 100 crypto assets, a modern and user-friendly interface, and advanced analysis tools, the Breakout Terminal is designed to give traders the edge they need to succeed in the competitive world of prop trading.
Dashboard
The Breakout Prop dashboard is a user-friendly interface that provides traders with a comprehensive overview of their trading activities and account status. It serves as a central hub where traders can track performance metrics, such as profit and loss and drawdowns, helping them monitor progress towards evaluation targets. The dashboard also facilitates efficient account management by displaying account balances, open positions, and transaction histories. Integrated trading tools, including advanced order types and risk management features, enable seamless trade execution. Additionally, real-time notifications and alerts keep traders informed about important events, while easy access to educational resources and support services ensures that traders have the assistance they need to succeed. Overall, the dashboard is designed to enhance the trading experience by equipping traders with essential tools and information.
Crypto-Native Focus
Breakout Prop specializes exclusively in cryptocurrency trading, offering access to over 100 crypto assets and perpetual futures contracts. This specialized focus allows them to provide tools and conditions tailored specifically to the unique characteristics of the crypto market, making it an ideal choice for traders who want to focus on this dynamic asset class.
Support Offered
Breakout Prop is committed to providing excellent customer support. They have an experienced support team ready to assist traders with any inquiries or issues they may encounter. The firm emphasizes transparency and fairness, and their support team plays a key role in maintaining these values by helping traders understand the rules and navigate the trading environment effectively.
AI Integration
The firm incorporates AI-powered machine learning algorithms to analyze chart movements, providing traders with refined predictions and enhancing their trading capabilities. This cutting-edge technology gives traders an additional edge in their decision-making process.
Leverage Options
Breakout Prop offers up to 5:1 leverage on major cryptocurrencies like Bitcoin and Ethereum, and up to 2:1 on altcoins, allowing traders to maximize their potential returns while managing risk.
Tier 1 Exchange Liquidity
Breakout Prop sources its liquidity directly from tier 1 centralized exchanges, ensuring that traders have access to deep liquidity, tight spreads, and transparent order book depth. This integration creates a trading environment that closely mirrors genuine market conditions, allowing traders to execute their strategies effectively.
Knowledge Base
The knowledge base at Breakout Prop is designed to equip traders with the information they need to succeed. This includes a comprehensive FAQ section that covers the firm’s rules, evaluation processes, and trading conditions in detail. Additionally, Breakout Prop offers a blog section featuring articles on various trading topics, market analysis, and insights into the world of crypto prop trading. The knowledge base and blog serve as valuable resources for both new and experienced traders, providing them with the tools and information needed to navigate the proprietary trading environment effectively. By offering clear, accessible, and informative content, Breakout Prop ensures that traders have the support they need to thrive in the competitive world of crypto prop trading.
Breakout Prop Review
Conclusion
Breakout Prop offers a robust platform for traders looking to dive into the world of crypto trading with a prop firm. Its strengths lie in its flexible trading conditions, generous profit splits, and a user-friendly dashboard that makes managing trades and monitoring performance a breeze. The absence of time limits for evaluations and the freedom to use various trading strategies, as long as they don’t breach the rules, are definite pluses. However, traders should be mindful of the strict drawdown limits and the non-refundable evaluation fees, which require a firm commitment from the outset. Overall, Breakout Prop provides a solid environment for traders to grow and succeed, but it’s essential to understand the rules and conditions thoroughly before jumping in.
Breakout Prop Review
