Breakout Prop

Breakout Prop is a crypto-native prop trading firm backed by Kraken, one of the world's largest and most trusted cryptocurrency exchanges. Founded in 2023 and acquired by Kraken in 2025, Breakout allows traders to prove their skills through a straightforward evaluation process and then trade with up to $200,000 in funded capital — without depositing any of their own money.

What sets Breakout apart in the crowded prop firm landscape is its uncompromising focus on simplicity and fairness. There are no consistency rules, no minimum trading days, no time limits, and no news trading restrictions. Traders can hold positions overnight, over weekends, and through holidays. The firm has issued over 20,000 funded accounts since launch and paid out more than $50 million to traders, with zero payout delays in all market conditions.

Breakout's trading environment is powered by tier-1 centralized exchange liquidity from Kraken, ensuring tight spreads and deep order book depth across 63 tradeable markets. The platform supports 5:1 leverage on Bitcoin, Ethereum, the Nasdaq 100, and the S&P 500, and 2:1 leverage on altcoins. Payouts are available 24/7 on-demand in USDC on the Ethereum network, with most requests processed within hours.

The firm serves traders in 160+ countries and maintains a 4.7/5 rating on Trustpilot with 950+ reviews. Breakout has been featured in major financial media including Finance Magnates, Blockworks, Decrypt, The Block, Nasdaq, and Yahoo Finance, cementing its reputation as one of the most trusted names in crypto prop trading.

Evaluation Process

Breakout offers three evaluation tiers — Turbo, Pro, and Classic — all in a single-step format. Traders choose an account size ($5K, $10K, $25K, $50K, $100K, or $200K), pay a one-time fee, and trade to hit a profit target while staying within daily and total loss limits. The account upgrades to "funded" automatically the moment the profit target is hit — even with positions still open. There are no minimum trading days, so funding can happen in a single trade.

Account Types & Pricing

• 1-Step Turbo — From $20. 9% profit target, 3% daily loss, 3% static max drawdown. Lowest fee, tightest buffer.
• 1-Step Pro — From $33. 12% profit target, 3% daily loss, 5% static max drawdown. Balanced target and risk. Most popular.
• 1-Step Classic — From $45. 10% profit target, 3% daily loss, 6% static max drawdown. Easiest to pass, widest drawdown buffer.

All evaluations include an 80/20 profit split by default. Traders can upgrade to a 90/10 split at checkout for a small additional fee. What you see is what you pay — there are no hidden costs that show up when you take a payout.

Leverage & Markets

Breakout offers 5:1 leverage on Bitcoin (BTC), Ethereum (ETH), the Nasdaq 100 (XYZ100), and the S&P 500 (S&P500), and 2:1 leverage on all other altcoins. The S&P 500 and Nasdaq 100 trade 24/7 with a $1,000,000 position cap and no forced closes. Oil and Silver are also available at 5x leverage. In total, 63 markets are available for trading, all powered by Kraken's tier-1 exchange liquidity.

Payouts

Payouts are on-demand, 24/7. There are no payout cycles, no approval queues, and no waiting periods. The minimum payout is $50 (after profit split), and funds are sent in USDC on the Ethereum network (ERC-20) directly to the trader's wallet. Most requests are processed within hours, and the first payout can come the same day a trader gets funded.

Trading Rules

Breakout's rule set is deliberately minimal — just two loss limits to manage:

• Max Daily Loss — 3% across all products (resets daily at 00:30 UTC).
• Max Drawdown — 3% to 6% static, set at account start. This is an equity floor that never trails.

There are no consistency rules (your best day can be 10x your average day), no minimum trading days, no time limits, and no news restrictions. Traders can trade through NFP, FOMC, CPI, earnings, and crypto-specific catalysts without any limitations.

Mobile App

Breakout offers a full-featured mobile app for iOS and Android, allowing traders to track evaluations, monitor drawdown limits in real time, and request payouts from anywhere.

Transparency & Community

Breakout maintains a public payout leaderboard ranked by lifetime earnings, updated monthly. The firm also shares real-time payout confirmations in its Discord community, where traders can see #payouts posted daily. This level of transparency is rare in the prop trading industry.

Kraken Backing

Breakout was acquired by Kraken in September 2025, bringing institutional-grade infrastructure, regulatory compliance, and deep liquidity to the platform. Founded in 2023 by Alex Miningham and Dylan Loomer, Breakout raised a $4.5M seed round in July 2024 led by RockawayX. Kraken is one of the oldest and most regulated crypto exchanges in the world, operating since 2011 with licenses in multiple jurisdictions. This backing gives Breakout traders confidence that their funded capital and payouts are secure.