Breakout prop firm provides virtual funded accounts for crypto trading and promises up to 90% payouts. The firm has two challenge types, including 1-step and 2-step. The rules seem pretty average, and funding options range from 5k to 100k USD. Breakout is a unique prop firm as it only provides virtual funded accounts for simulated crypto trading.
In this Breakout review, we will assess the firm’s most important features like safety, assets, rules, pricing, platforms, education, support, and more. After reading this review, you will define whether Breakout can be trusted.
Pros & cons of Breakout prop firm
Pros
- Competitive audition fees start from $50 for 2-step accounts
- Up to 90% profit sharing and 0 USD on withdrawal fees
- Allows both news trading and holding positions over weekends
- 7 basis points commission on crypto trades with high spreads
- Lacks comprehensive educational content
- Does not provide advanced trading platforms
Cons
- No regulations, simulated accounts only, and no trader reviews
- Only offers cryptocurrency trading, lacks all other assets
- Does not provide account scaling options
Safety of Breakout – 0
Breakout reviews are lacking on the FPA as the firm was recently established, which reduces its safety. This deducts several points from its safety, as we put a strong emphasis on prop firms’ experience and trader reviews, which are severely lacking in the case of Breakout. The firm only offers simulated trading accounts, which means traders can only trade on demo accounts, even on funded accounts. Funded trading at Breakout is not backed by regulated brokers, which is another important safety metric that this firm lacks.
The firm gets a 0 score in this section for lacking crucial features, including experience and trader reviews.
Breakout Funding and maximum capital allocation – 3
Breakout funded programs include 2 different challenger types: 1-step and 2-step accounts. The 1-step account requires traders to hit the profit target once, and they get funded, while the Breakout 2-step accounts require additional evaluation challenges. Breakout funding options are the same for both accounts and include funding amounts of 5k, 10k, 25k, 50k, and 100k USD.
Breakout challenges require different rules for each account, which we will list below.
Breakout scaling plan is not offered at the moment, which is another serious downside as traders are not able to grow their funded accounts.
Overall, the firm gets a 3 score in the funding department for offering slightly above-average experience.
Breakout Assets – 1
Breakout prop trading assets are limited to only cryptos, where traders can speculate on more than 100 different digital currencies, including coins and tokens. The firm does not offer or allow access to Forex pairs, indices, and commodities. This is a big downside of Breakout prop trading firm. The leverage is 1:5, which is standard for cryptos, as these instruments are well-known for large price swings.
Overall, Breakout gets a 1 score in the assets section for lacking all other assets except cryptos.
Breakout Trading rules and limitations – 1.1
Breakout rules require traders to maintain strict control over their trading risks. The firm has a 5% profit target on phase 1 and a 10% profit target on the phase for 2-step accounts. The daily risk limit is 5%, and the maximum drawdown is 8%. Rules are slightly different for 1-step challenges, including a 10% profit target, a 4% daily risk limit, and a 6% maximum drawdown.
The firm allows news trading, and holding trades over weekends is also allowed.
Overall, Breakout gets a 1.1 score in the rules.
Breakout Fees – 3
When it comes to fees, the pricing is competitive, but trading costs are high, including commissions for crypto trading. These commissions are 7 basis points per lot round turn (3.5 per side), which makes it expensive to trade any scalping strategies, as spreads are also typically high on cryptos.
As for the pricing, here is the list for comparison. The 1-step Breakout accounts have the following one-time fees:
- Funded option: 5,000 USD – 55 USD
- 10,000 USD – 110 USD
- 25,000 USD – 275 USD
- 50,000 USD – 495 USD
- 100,000 USD – 800 USD
The 2-step Breakout funded challenges come with the following fees:
- Funded option: 5,000 USD – 50 USD
- 10,000 USD – 100 USD
- 25,000 USD – 250 USD
- 50,000 USD – 450 USD
- 100,000 USD – 725 USD
As we can see, this pricing is competitive. The leverage is 1:5 and with a minimum funding of 5k USD, traders can control 25k position sizes.
Breakout free trial is not available, and the Breakout free repeat is not yet offered either. This is a downside as traders can not test trading conditions before signing up for a challenge.
Overall, the firm gets a 3 score in this selection.
Breakout Platforms – 2.4
Breakout provides traders with its own custom mobile trading apps. The firm claims that its platforms support TradingView charts. However, the platform is still inferior to popular advanced trading software and does not offer custom indicators and automated trading capabilities, which might be a dealbreaker for many traders who employ diverse technical analysis tools.
Because of these issues, the firm gets a 2.4 score in this section as a result of a lack of important trading features.
Breakout Profit-Sharing – 3
Breakout profit split is up to 90%, which should allow traders to withdraw a significant portion of their profits. There are no fees for withdrawals, and payments are processed through crypto networks.
The firm gets a 3 score in this section for offering a mediocre withdrawal experience.
Education and trading tools at Breakout – 1.5
The firm offers a Prop Trading 101 page where there is an educational article about prop trading. It is a very compact guide with only general information and can not be used to actually develop a profitable trading strategy. The firm explains its rules in this article. There are no other educational resources other than this article, and traders can not start without knowledge and become prop traders. There are no webinars, video guides, or trading courses offered.
Overall, Breakout gets a 1.5 score in this section.
Customer Support at Breakout – 2.4
Customer support at Breakout is provided via live chat and email options. There is also a FAQ database and the firm also has a Discord channel. However, the Breakout lacks phone support, which is typically a red flag in prop trading. Both the website and support are only available in the English language, which is another downside of the firm.
In the end, Breakout gets a 2.4 score in the support experience section, which is slightly below the average.
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