Breakout Trader Review 2024: Comprehensive Insights
Last Updated: January 9, 2025
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Key Takeaway:
- Account Sizes: $5k, $10k, $25k, $50k, $100k
- Leverage: Up to 5:1 for BTC and ETH, up to 2:1 for altcoins
- Profit Share: Up to 90% of profits
- Minimum Withdrawal Amount: $50
- Maximum Withdrawal Limit: None (payouts available daily after the first withdrawal)
- Trading Platforms Supported: Breakout Edge (Web and Mobile) with integrated TradingView charts
- Profit Goal (Evaluation Phase): 1-step: 10% profit target; 2-step: Stage 1: 5%, Stage 2: 10%
- Daily Drawdown: 1-step: 4% of account balance; 2-step: 5% of account balance
- Trailing Threshold (Drawdown): 1-step: Static 6%; 2-step: Trailing 8%
The phrase “cryptocurrency futures trading” would have seemed out of place ten years ago. Today, many experienced traders see crypto futures as an important source of liquidity. Two factors are behind this transformation: one, digital assets have matured as a trading vehicle, and two, crypto-first proprietary trading companies have stepped up to fund traders in this space.
Breakout is one of these specialized prop firms that seeks to help traders take advantage of opportunities in the crypto markets. However, anyone interested in this opportunity might have many questions. And questions at this point won’t be abnormal because crypto futures are still a novelty. Trader funding opportunities in this space are also not commonplace. Perhaps as part of your due diligence, you want to read as many Breakout reviews as possible to ensure your decision is correct.
This review has one important goal: to examine Breakout and its position in the crypto prop trading space. It explores the company’s evaluation criteria, account options, platform integrations, and profit-sharing models. Most importantly, it will help you know if this funding opportunity aligns with your trading goals.
What is Breakout Trader?
Breakout (the trade name for Breakout Trading Group, LLC) launched in November 2023 as a crypto-specialized proprietary trading firm. The company is the brainchild of four veterans of the cryptocurrency trading industry: Dylan Loomer (widely known as TraderMayne), CryptoCred, Alex Miningham, and Abetrade. The four have created a platform that is blazing a trail for crypto trader funding and development.
When you hear about futures prop trading, the most likely markets are typically Forex, indices, stocks, and cryptocurrencies. Note that the crypto market is often a junior member of the available asset class. But Breakout has taken a different path. The company specifically funds traders to invest in cryptocurrency futures markets, a focus that did not come about randomly. Instead, according to the company, the founders recognized that crypto traders face unique challenges that traditional prop firms aren’t equipped to address.
The most obvious of these challenges is the trading hours of crypto markets. Unlike traditional markets that follow strict trading hours, such as Forex and commodities, digital assets can be traded around the clock. Breakout’s infrastructure is built around this reality. This firm’s funding program doesn’t force traders to close positions at the end of a trading day, a common requirement at traditional prop firms. Instead, traders can hold positions as long as their strategy demands, provided they stay within the account’s risk parameters.
But beyond the technical aspects, what truly sets Breakout apart is their deep understanding of crypto market dynamics. The company’s risk management systems are specifically calibrated for crypto volatility. Traditional drawdown limits that work well for equity futures might be too restrictive for crypto markets, where 10% daily moves are not uncommon. Breakout’s systems account for this higher volatility while still protecting capital.
The company operates with a straightforward mission: to provide serious crypto traders with institutional-grade capital and tools. This mission shapes everything from its evaluation process to its profit-sharing model. Rather than trying to retrofit traditional futures trading rules to crypto markets, it’s built its entire infrastructure around the unique characteristics of digital asset trading.
What are Breakout Trader’s Account Sizes?
Getting started with Breakout begins with the evaluation phase. Here, potential funded traders must prove their abilities before proceeding to the stage where they are eligible for payouts (otherwise called a Breakout Account). The company offers two paths to funding – a 1-step and a 2-step evaluation – but the available account sizes remain consistent across both approaches:
- $5,000
- $10,000
- $25,000
- $50,000
- $100,000
This thoughtfully structured range of account sizes caters to different experience levels and risk appetites. One might start with a $5,000 account to test their strategies, while more experienced traders can take on the challenge of managing larger portfolios up to $100,000.
After successfully completing either evaluation path and fulfilling the necessary requirements, traders receive a Breakout Account with the same starting balance as the Breakout Evaluation account.
Pros and Cons
When considering the firm, it's essential to weigh its advantages and limitations to assess if it aligns with your trading approach and goals.
Pros
- Crypto-first infrastructure: Rather than retrofitting traditional trading systems, this firm has built its entire infrastructure specifically for crypto futures. The platform accommodates the unique aspects of crypto markets, including 24/7 trading and higher volatility.
- Direct exchange liquidity: Breakout sources liquidity from tier-1 centralized exchanges. This provides trading conditions that closely mirror actual market dynamics. It also addresses a significant pain point in crypto futures prop trading, where many firms rely on subpar liquidity providers.
- Flexible trading hours: Funded traders can set up strategies and execute them around the clock. Traders can also hold positions overnight and on weekends.
- Transparent operations: The company publishes monthly statistics about evaluation pass rates, payouts, and other key metrics. This level of transparency is uncommon in the prop trading industry and helps traders make informed decisions.
Cons
- Limited platform options: Traders are restricted to using only Breakout Edge. While the platform is well-designed, those accustomed to other trading platforms will need to adapt to a new environment.
- Single asset class: The exclusive focus on crypto futures means traders cannot diversify into other markets like Forex or commodities within the same funded account.
What Can You Trade With Breakout Trader?
As a crypto-specialized prop firm, this prop trading firm provides traders access to a wide range of cryptocurrency futures markets. The company sources liquidity directly from Bybit, one of the leading cryptocurrency exchanges.
Available trading instruments
Traders can construct their portfolios with the following cryptocurrency pairs:
Major cryptocurrencies:
- Bitcoin (BTCUSD) – Up to 100 contracts
- Ethereum (ETHUSD) – Up to 1,500 contracts
- BNB (BNBUSD) – Up to 1,300 contracts
- Solana (SOLUSD) – Up to 31,875 contracts
- XRP (XRPUSD) – Up to 1,800,000 contracts
DeFi tokens:
- Uniswap (UNIUSD) – Up to 17,400 contracts
- Aave (AAVEUSD) – Up to 1,100 contracts
- Compound (COMPUSD) – Up to 960 contracts
- Chainlink (LINKUSD) – Up to 36,750 contracts
- SushiSwap (SUSHIUSD) – Up to 38,600 contracts
Layer-1 alternatives:
- Cardano (ADAUSD) – Up to 800,000 contracts
- Avalanche (AVAXUSD) – Up to 13,100 contracts
- Polkadot (DOTUSD) – Up to 32,900 contracts
- Polygon (MATICUSD) – Up to 660,000 contracts
Trading conditions
Trading conditions are standardized across all instruments:
- Variable spreads based on Bybit’s liquidity
- Commission: $3.50 per side per $10,000 traded
- No swap fees on positions
- All trading conducted through Breakout Terminal
Breakout Terminal’s direct integration with Bybit’s liquidity means traders experience market conditions that closely mirror live trading. The position limits are also calibrated to maintain orderly markets while providing sufficient room for various trading strategies. This setup particularly benefits traders who understand crypto markets and can capitalize on the volatility these instruments often present.
What are Breakout Trading's Trading Platforms?
The company provides a proprietary trading terminal for its funded traders – Breakout Edge. This isn’t just another trading platform – it’s a specialized terminal built from the ground up for crypto futures trading.
Breakout Edge is available in two formats:
- Web-based terminal for desktop trading
- Mobile applications (available on both Google Play Store and Apple App Store)
This platform is directly integrated with tier-1 centralized crypto exchanges. This is significant because many crypto-focused prop firms rely on legacy FX brokers for liquidity, resulting in wide spreads and subpar execution. Breakout Edge, however, sources liquidity directly from major crypto exchanges, providing traders with conditions that closely mirror live market trading.
The platform also comes with integrated TradingView charts, combining the familiar technical analysis tools that many crypto traders rely on with Breakout’s execution capabilities. This integration means traders don’t have to switch between different applications for analysis and trade execution.
Worth noting is how Breakout Edge handles market dynamics. The platform’s spreads and order book depth are dynamic, adjusting in real-time to reflect actual market conditions. This approach ensures that strategies that work in evaluation will translate effectively to live trading, addressing a common frustration among prop traders who often find their strategies don’t perform the same way in live conditions as they did during evaluation.
Breakout Trader Reviews: Who Is It For?
The primary goal of this Breakout review is to help you determine if this crypto-focused prop firm aligns with your trading approach and goals. So, how might you assess whether this company fits your trading journey? Well, one must begin with the fundamentals: understanding their specialized crypto infrastructure, their evaluation process, and their unique approach to providing trader funding.
This prop trading firm’s foundation rests on a streamlined but comprehensive evaluation process. When a trader first joins, they enter an evaluation phase using a demo account that sources liquidity directly from tier 1 centralized exchanges. This is a significant departure from other crypto prop firms that typically rely on legacy FX brokers for liquidity. The evaluation environment replicates actual market conditions, including spreads and order book depth, ensuring that successful strategies will translate effectively to funded trading. Traders can demonstrate their abilities in an environment that mirrors real crypto market movements, complete with 24/7 trading capabilities and proper volatility handling.
We’ve seen that this firm takes a focused approach with its proprietary Breakout Edge trading platform. Rather than offering multiple third-party platforms, they’ve built a specialized system integrated with TradingView charts. This unified approach means traders can operate in an environment specifically optimized for crypto futures trading. Moreover, the company maintains a transparent approach to operations, including publishing monthly statistics about evaluation pass rates and payouts. The message is clear: “We are committed to building long-term relationships with successful traders.” This sounds like a funding partner most traders would want to be associated with.
What Is The Breakout Trader's Leverage?
The company takes a measured approach to leverage, reflecting the volatile nature of cryptocurrency markets. Its system implements different leverage caps depending on the digital asset being traded:
- For major assets (BTC and ETH): Up to 5x leverage
- For altcoins: Maximum 2x leverage
This two-tier leverage structure applies consistently across both the evaluation phase and funded accounts, ensuring traders develop strategies that remain viable when managing real capital. The more conservative leverage limit on altcoins acknowledges their typically higher volatility compared to Bitcoin and Ethereum.
The consistency of leverage limits between evaluation and funded accounts suggests that traders can develop and refine their strategies without having to make significant adjustments when transitioning to live trading. This alignment between testing and live environments is crucial for sustainable trading performance.
Breakout Trader's Payout System
Just like any other prop firm that values transparency and trader success, this company implements a straightforward but comprehensive payout system. Here is how it works:
Profit split and payout structure
The company offers a competitive profit-sharing model where traders can earn up to 90% of their trading profits. This split applies consistently across all account sizes, from $5,000 to $100,000, creating a level playing field regardless of the account tier chosen.
Payout timeline and requirements
The payout structure is designed to be trader-friendly:
- First payout eligibility: 1 day after receiving funded status
- Subsequent payouts: Available daily after the first withdrawal
- Minimum withdrawal amount: $50
- Position requirements: All positions must be closed before requesting payouts
- Processing time: 24-48 hours (typically faster)
Trading during payouts
Breakout implements a practical approach to trading around payouts:
- Trading pauses briefly during initial payout processing
- Trading resumes once the payout is approved
- Traders can continue trading during the 24-48 hour payment processing period
Payout options
Adding flexibility to their system, the firm supports both:
- Traditional fiat currency payouts
- Direct cryptocurrency payouts
Tax considerations
Traders should note that they bear sole responsibility for:
- Tax obligations in their jurisdiction
- Fee management
- Required reporting requirements
Note: Payouts are only available through funded Breakout Accounts. While the evaluation phase is crucial for accessing funding, it does not offer withdrawal opportunities as it serves purely assessment purposes.
Breakout Trading's Pricing Information
The prop trading firm’s pricing structure is applied consistently across both evaluation and funded accounts.
Trading fees and commissions
The company’s primary trading fees are:
- $3.50 per side for every $10,000 traded
- Equivalent to 3.5 basis points per side, or 7 basis points round trip
- Daily swap fee of 0.09% for positions held overnight (charged at 00:00 UTC)
Impact on risk management
An important consideration is how these fees interact with risk parameters:
- All fees, including trading commissions and swap charges, count toward daily loss limits
- Slippage can affect stop orders and risk limits
- Traders must account for these costs when planning positions near their risk thresholds
For instance, if you’re operating with a 4% daily loss limit and place a stop order at 3.90%, additional costs from fees and potential slippage could push you over the limit. This emphasizes the importance of building a cushion into your risk calculations.
What are Breakout’s Evaluation Rules and Goals?
This firm structures its evaluation process with two distinct paths to funding: a 1-step and a 2-step evaluation approach. Each path has its own set of requirements and trading parameters designed to identify traders who can consistently generate profits while managing risk in crypto markets.
Evaluation stages
The company maintains two primary trading stages:
- Breakout Evaluation – The testing phase where traders demonstrate their abilities
- Breakout Account – The funded stage where successful traders can receive payouts
Account goals and profit targets
The profit requirements vary by evaluation path:
1-step evaluation:
- Single trading stage
- 10% profit target
- 4% maximum daily loss limit
- 6% static maximum drawdown
- Simpler structure but tighter risk parameters
2-step evaluation:
- Two distinct trading stages
- Stage 1: 5% profit target
- Stage 2: 10% profit target
- 5% maximum daily loss limit
- 8% trailing maximum drawdown
- More complex but offers wider risk parameters
Key evaluation features
- No time limits on evaluation completion
- Progress measured based on demo account equity
- Unrealized gains/losses included in calculations
- Automatic position closure when targets are met
- Manual take-profit orders are recommended during volatile periods
Progression process
For 2-step evaluations:
- New demo account provided for Step 2
- Previous trades don’t carry forward
- Fresh starting balance for the second phase
For 1-step evaluations:
- Direct progression to the funded account upon successful evaluation
- KYC verification required
- Trader Agreement must be signed
- Trading enabled after documentation approval
Once selected, the choice between 1-step and 2-step evaluation is permanent. The company notes that aggressive traders often prefer the 1-step route due to its straightforward nature, while swing traders typically choose the 2-step path for its more accommodating risk parameters.
What are the Maximum Daily Loss and Maximum Drawdown?
Breakout implements a sophisticated two-tier risk management system that protects both trader and firm capital. This is necessary considering the volatile nature of crypto markets. Here is how the system works:
Daily loss parameters
The daily loss calculation refreshes at 17:00 ET (UTC -5) each day and varies by evaluation type:
- 1-step evaluation: 4% of account balance
- 2-step evaluation: 5% of account balance
How it works:
- At 17:00 ET, the system records your demo account balance
- This becomes your baseline for the next 24 hours
- Equity (including open positions) must not breach the daily loss threshold
- All fees, commissions, and slippage count toward the limit
For instance, with a $100,000 account at 17:00 ET showing a balance of $105,000:
- 1-step traders must keep equity above $100,800 (4% loss limit)
- 2-step traders must maintain equity above $99,750 (5% loss limit)
Maximum drawdown structure
The maximum drawdown mechanics differ between evaluation paths:
1-step evaluation:
- Static 6% maximum drawdown
- Doesn’t change with account growth
- Provides clear, unchanging boundaries
2-step evaluation:
- Trailing 8% maximum drawdown
- Follows account high-water marks
- Adjusts downward only through payouts, not losses
- More flexible for swing trading strategies
Important considerations
Both risk limits operate simultaneously and include:
- All trading costs and fees
- Slippage from market execution
- Unrealized losses from open positions
- No reset until the next trading day for daily limits
Breaching either threshold results in:
- Immediate position closure
- Account suspension
- Loss of payout eligibility
Is Breakout Trader a Scam or Legit?
A quick search across online trading communities and review platforms reveals a consistent theme: Breakout is establishing itself as a legitimate player in the crypto futures prop trading space. While being a relatively new entrant, the company has already garnered attention for the right reasons. Our assessment aligns with the general consensus. Sure, you’ll find some negative reviews on forums, but a closer look reveals these are often from traders who struggled with the evaluation process rather than identifying any structural issues with the platform.
What’s particularly telling about this firm’s legitimacy is its founding team. When established crypto traders put their reputations on the line to launch a prop firm, it speaks volumes. These aren’t anonymous figures hiding behind corporate structures – they’re known entities in the crypto trading community with track records to protect.
The company’s rigorous evaluation process further reinforces its legitimacy. The requirements aren’t just challenging; they’re specifically calibrated for crypto market dynamics. With metrics like 4-5% daily drawdown limits and 6-8% maximum drawdown thresholds, the prop trading firm demonstrates a serious approach to risk management. An unscrupulous operation would likely implement loose rules to attract more traders, knowing they never intend to pay out. Instead, Breakout maintains strict standards that, while demanding, ensure funded traders understand proper risk management.
What’s particularly noteworthy is their direct integration with Bybit’s liquidity feeds. This infrastructure investment isn’t characteristic of questionable operations, which typically rely on market makers or poorly executed trades. When a prop firm goes to the lengths of establishing institutional-grade trading conditions, it signals long-term commitment rather than short-term profit-seeking.
The availability of Breakout discount codes might seem trivial, but it actually reinforces the company’s legitimacy. This suggests a company interested in building genuine relationships with traders rather than maximizing immediate revenue. Combined with their transparent reporting of evaluation statistics and clear documentation of trading rules, the picture that emerges is of a professionally run operation focused on sustainable growth.
Breakout Reviews and Social Media Presence
Reviewers on Trustpilot give the company an average rating of 4.9 stars. Out of the 295 reviews, 97% give the firm a perfect 5-star rating. Interestingly, there is a near absence of middle-ground feedback. You’ll find 2% giving 4 stars, and a combined 1% leaving 1- and 2-star reviews, but practically no 3-star “it was okay” feedback. This kind of diverged distribution usually means one thing: when the platform works for traders, it works exceptionally well.
The company’s presence on
X (formerly Twitter) tells another part of the story. Since April 2023, @breakoutprop has gathered over 25.5K followers – impressive for a new entrant in the prop trading space. But it’s not just about follower count. Their 1.1K+ posts focus heavily on substantive content, particularly around their unique approach to sourcing liquidity directly from tier-1 crypto exchanges. This isn’t the typical “look how great we are” prop firm marketing – they’re consistently engaging in real discussions about crypto market dynamics.
On
Instagram, you’ll find them as @breakoutprop, with over 4.6K followers. Their 158+ posts might seem modest compared to some competitors, but there’s a clear quality-over-quantity approach. The content mix – from detailed trader profiles to specific platform features – suggests a focus on building credibility rather than just growing numbers.
Breakout Trader Review: Final Thoughts
This company represents a much-needed evolution in the cryptocurrency futures prop trading space. The firm has effectively addressed a crucial gap in the market: providing professional crypto traders access to institutional-grade capital and trading conditions without compromising on the unique aspects of digital asset markets. Their infrastructure is also on point. They built a specialized trading platform for crypto futures and integrated it with tier-1 exchanges for liquidity. This sets a new standard for what traders should expect from crypto-focused prop firms.
What truly sets Breakout apart is their thoughtful approach to trader evaluation and development. Rather than simply retrofitting traditional prop trading metrics to crypto markets, they’ve built an assessment framework that acknowledges the round-the-clock nature of cryptocurrency trading and its inherent volatility. The combination of 1-step and 2-step evaluation paths, along with carefully calibrated risk parameters, ensures that successful traders genuinely understand both opportunity capture and capital preservation in crypto markets.
The prop firm could prove particularly valuable for experienced crypto traders looking to scale their operations with institutional backing. Those who have developed strategies on major exchanges will find the company’s trading environment familiar yet enhanced, with the added benefit of proper capital support. The integration with Bybit’s liquidity feeds means strategies that work in evaluation will translate effectively to funded trading.
However, potential members should carefully consider certain aspects. For instance, the company’s specialized nature means traders must be comfortable with crypto market dynamics. Also, the evaluation targets are reasonable given market volatility, but the risk parameters require disciplined execution. Nonetheless, Breakout is a one-of-a-kind prop firm that may see even greater days in the future.
FAQs
Trading Disclaimer: The information provided is for informational purposes only and is subject to change. We strive to keep it up-to-date and accurate. However, there may be instances where actual data differs from what's published on our website. Daytradinginsights.com operates as an independent platform, which may receive compensation for advertisements, sponsored content, or when you click on links on our site. Please note that the authors and contributors are not licensed financial advisors. Before making any financial decisions, it is recommended that you seek the advice of a professional.
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