Breakout Prop Firm, legally known as Breakout Trading Group, LLC, is a proprietary trading firm based in the United States and led by CEO Alex Miningham. Specializing in cryptocurrency trading, Breakout Prop Firm offers its traders the ability to manage up to $600,000 in capital. They provide two types of evaluation challenges: a One Phase Challenge and a Two Phase Challenge, both designed to assess and refine traders' skills in a simulated environment.
Traders can pay and withdraw funds exclusively via cryptocurrency, supporting most major cryptocurrencies and stablecoins. The firm operates globally, but has restrictions on traders from certain countries, including Afghanistan, Belarus, and North Korea, among others.
The evaluation process at Breakout Prop Firm involves meeting specific demo account goals. Traders must achieve these goals without violating the firm's risk rules or engaging in prohibited trading practices. Once a trader successfully completes the stages of the evaluation, they gain access to a Breakout Account. During the evaluation period, payouts are not available, but the firm offers a 7-day payout period for funded accounts.
Breakout Prop Firm supports 24/7 crypto trading with leverage up to 5x for major cryptocurrencies like BTC and ETH, and 2x for altcoins. Traders are allowed to hold positions over weekends, though they are advised of the risks associated with lower liquidity during these times. The firm sources its trading data and liquidity from Bybit, ensuring a reliable trading environment.
For more information, traders can join Breakout Prop Firm’s active community on Discord, follow their updates on Twitter, or visit their website. Any inquiries can be directed to [email protected].
