Breakout – Prop Firm Review
- Elite scalping techniques for traders
- Innovative strategies with proven results
- Exclusive member community of professionals
- Targeted guidance for consistent profits
- Accelerated learning through expert instruction
- Backed by Kraken, a world leader in Cryptocurrency
Firm Overview
Breakout (breakoutprop.com) was founded in 2023 by Alex Miningham and Dylan Loomer, Tampa, Florida. Raised $4.5M seed round July 2024. Acquired by Kraken September 1, 2025 — first major crypto exchange to own a prop firm. Crypto-only: 50+ pairs including BTC, ETH, and altcoins. 1-Step or 2-Step evaluations, $5K-$200K accounts. No minimum trading days. POL Trading Ltd executes all funded-account trades at its own discretion.
Evaluation Rules
Choose 1-Step or 2-Step evaluation. Hit profit target while staying within daily loss and maximum drawdown equity limits. No minimum trading days. After passing, funded account up to $200K. Up to 90% profit split. On-demand USDC payouts 24/7. Evaluation fees are non-refundable once trading begins.
Kraken Integration
As of September 2025, Breakout operates as a Kraken subsidiary. Deeper integrations with Kraken Pro planned including unified login. Kraken acquired NinjaTrader ($1.5B) and Capitalise.ai in 2025, building a full trading ecosystem across crypto, futures, and equities.
Company Information
- Founded: 2023 | Founders: Alex Miningham, Dylan Loomer | Tampa, Florida
- Acquired by Kraken: September 1, 2025
- Accounts: $5K-$200K | Crypto only | 50+ pairs | Up to 5x leverage
- Payout: On-demand 24/7 in USDC | Split: up to 90%
Key Features at a Glance
- Account Sizes: $5,000 to $200,000 in funded capital
- Evaluation Types: 1-Step and 2-Step challenges available
- Markets: 50+ cryptocurrency pairs (BTC, ETH, and altcoins)
- Platform: Proprietary Breakout Terminal (web, iOS, Android)
- Leverage: Up to 5x on BTC/ETH, up to 2x on altcoins
- Minimum Trading Days: None — pass in as few as one trade
- Time Limit: No time limit on challenges
- Profit Split: 80% standard, up to 90% with upgrade
- Payout Speed: On-demand 24/7, processed within 24 hours
- Payout Currency: USDC (ERC-20) only
- Backed By: Kraken — acquired September 2025
Challenge Specifications
1-Step Challenge
The 1-Step evaluation is the fastest path to a funded account at Breakout. Reach the 10% profit target while keeping your maximum drawdown below 6%, and you are funded. No minimum trading days, no expiry date — just hit the target.
- Profit Target: 10%
- Max Drawdown: 6% trailing
- Minimum Trading Days: None
- Time Limit: None
- Account Sizes: $5K, $10K, $25K, $50K, $100K, $200K
- Leverage: Up to 5x (BTC/ETH), up to 2x (altcoins)
2-Step Challenge
The 2-Step evaluation uses a two-phase approach with a more relaxed drawdown limit. Phase 1 requires a 5% profit target; Phase 2 requires 10%. Both phases share an 8% maximum trailing drawdown. Best for traders who prefer a measured, lower-pressure path to funding.
- Phase 1 Profit Target: 5%
- Phase 2 Profit Target: 10%
- Max Drawdown (both phases): 8% trailing
- Minimum Trading Days: None
- Time Limit: None
- Account Sizes: $5K, $10K, $25K, $50K, $100K, $200K
- Leverage: Up to 5x (BTC/ETH), up to 2x (altcoins)
Breakout Funding Plans
| Account Size | Evaluation Type | Asset Class | Profit Split |
|---|---|---|---|
| $5,000 | 1-Step / 2-Step | Crypto (50+ pairs) | Up to 90% |
| $10,000 | 1-Step / 2-Step | Crypto (50+ pairs) | Up to 90% |
| $25,000 | 1-Step / 2-Step | Crypto (50+ pairs) | Up to 90% |
| $50,000 | 1-Step / 2-Step | Crypto (50+ pairs) | Up to 90% |
| $100,000 | 1-Step / 2-Step | Crypto (50+ pairs) | Up to 90% |
| $200,000 | 1-Step / 2-Step | Crypto (50+ pairs) | Up to 90% |
Powered by Kraken. No minimum trading days. On-demand payouts in USDC. Up to 5x leverage on crypto pairs.
Trading Platform
Breakout operates a proprietary platform called the Breakout Terminal. Unlike most prop firms that rely on MetaTrader 4 or MetaTrader 5, Breakout built its own purpose-built crypto trading environment available on web browsers, iOS, and Android. The terminal integrates directly with Kraken’s institutional liquidity infrastructure for tight spreads and deep order books.
The platform includes real-time account metrics, drawdown tracking, live P&L dashboards, and advanced charting. All traders also receive access to Breakout’s free trading course — a structured education resource covering technical analysis and crypto market fundamentals.
- Platform Name: Breakout Terminal
- Web Access: Full browser-based dashboard
- Mobile Apps: iOS and Android
- MT4 / MT5 Support: Not supported
- Advanced Charts: Built-in
- Real-Time Drawdown Tracking: Yes
- Free Trading Course: Included for all users
- Liquidity Provider: Kraken institutional infrastructure
Financial Markets
Breakout is crypto-only — traders access 50+ cryptocurrency perpetual contracts across Bitcoin, Ethereum, and a wide selection of altcoins. All instruments are perpetuals, meaning there are no contract expiry dates and positions can be held as long as drawdown limits allow. Breakout does not offer forex, indices, commodities, or equities.
- Bitcoin (BTC): Multiple BTC pairs — up to 5x leverage
- Ethereum (ETH): Multiple ETH pairs — up to 5x leverage
- Altcoins: SOL, ADA, AVAX, DOGE, XRP, LINK, and more — up to 2x leverage
- Total Instruments: 50+
- Instrument Type: Perpetual contracts (no expiry)
- Forex / Indices / Stocks: Not available
Payout Methods
Breakout offers on-demand payouts around the clock — funded traders can withdraw profits at any time of day, including multiple times per day. Payments are processed within 24 hours of request. There is no minimum payout amount and no waiting calendar. The default profit split is 80%, with an upgrade available to 90%.
All payouts are made in USDC (ERC-20) to the trader’s chosen crypto wallet. Bank wire transfers and PayPal are not available. Traders need a compatible USDC wallet (such as MetaMask or a Kraken account) to receive funds.
- Payout Frequency: On-demand, available 24/7
- Processing Time: Within 24 hours
- Payout Currency: USDC (ERC-20)
- Minimum Payout Amount: None
- Default Profit Split: 80%
- Upgraded Profit Split: Up to 90%
- Bank Wire / PayPal: Not supported
Why Choose Breakout?
- Kraken-Backed: Breakout is the only prop firm owned by a major crypto exchange — Kraken acquired it in September 2025, bringing institutional liquidity, deep order books, and exchange-grade security.
- On-Demand Payouts 24/7: Withdraw your profits anytime, including multiple times per day. No payout calendar, no waiting periods, and no minimum withdrawal amount.
- No Minimum Trading Days: No time pressure of any kind — pass the challenge in as few as one trade, and keep your funded account with no forced activity requirements.
- Crypto-Native Platform: Trade on the proprietary Breakout Terminal (web, iOS, Android) — built specifically for crypto prop trading with real-time drawdown tracking and advanced charts.
- 50+ Crypto Pairs: Access Bitcoin, Ethereum, and a full range of altcoins as perpetual contracts with up to 5x leverage — all powered by Kraken infrastructure.
- Up to 90% Profit Split: Earn 80% of your profits by default, with the option to upgrade to a 90% split — one of the highest rates available in crypto prop trading.
- Simple, Transparent Rules: Clear profit targets and drawdown limits — no hidden restrictions, scaling locks, or complex rule sets designed to trip traders up.
- Free Trading Course: Every account includes access to Breakout’s structured trading course — real educational content, not a marketing feature.
Frequently Asked Questions
What is Breakout and who backs it?
Breakout is a crypto-only proprietary trading firm founded in 2023 by Alex Miningham and Dylan Loomer in Tampa, Florida. In September 2025, Breakout was acquired by Kraken — making it the first major cryptocurrency exchange to own a prop trading firm. Traders pass a challenge evaluation to receive funded accounts of up to $200,000. Profits are shared up to 90%, with on-demand USDC payouts available 24/7.
What is the difference between the 1-Step and 2-Step challenge?
The 1-Step challenge requires a single 10% profit target with a 6% maximum trailing drawdown. It is faster but has a tighter drawdown limit. The 2-Step challenge spreads the evaluation across two phases: 5% profit in Phase 1 and 10% in Phase 2, with an 8% max trailing drawdown for both phases. The 2-Step suits traders who prefer a gradual, lower-pressure evaluation with slightly more room for drawdown.
Are there minimum trading days or time limits?
No. Breakout has zero minimum trading days and no time limits on any challenge. You can pass the evaluation in a single trade if your performance meets the requirements. There is no deadline pressure, making this one of the more flexible prop evaluation structures available for crypto traders.
How do payouts work at Breakout?
Funded traders can request payouts at any time — including multiple times per day — and payments are processed within 24 hours. All payouts are made in USDC (ERC-20) to a wallet of your choice. The default profit split is 80%, upgradeable to 90%. There are no minimum payout amounts and no payout calendar. Bank wire and PayPal are not supported.
What trading platform does Breakout use?
Breakout uses its own proprietary platform — the Breakout Terminal — available on web, iOS, and Android. It features advanced charting, real-time drawdown tracking, and live P&L dashboards. MetaTrader 4 and MetaTrader 5 are not supported. The platform is powered by Kraken’s institutional liquidity infrastructure. A free trading course is included for all users.
What markets can I trade at Breakout?
Breakout is crypto-only with 50+ cryptocurrency perpetual contracts. You can trade Bitcoin and Ethereum with up to 5x leverage, and a range of altcoins including SOL, ADA, AVAX, DOGE, XRP, and LINK with up to 2x leverage. All instruments are perpetual contracts with no expiry dates. Forex, indices, commodities, and stocks are not available.
Is Breakout available worldwide?
Breakout is generally available to traders globally, with access facilitated through its web-based Breakout Terminal and mobile apps. However, availability may vary by country due to local regulatory requirements. As a Kraken subsidiary, Breakout operates within the regulatory framework of its parent company. Check the Breakout website for the most current list of supported regions.
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