Prop trading firm founded in 2015 offering simulated accounts up to $200,000 and 90% reward ratios
KYC required1-step · 2-step +1Crypto · Forex +3Up to $200,000
Breakout
Kraken-owned crypto prop firm offering single-phase evaluations and on-demand USDC payouts
4.2/ 5
Our score
Very good
Evaluation
1-step
Challenge fee
$20 to $1,090
Profit split
80% to 90%
Maximum drawdown
3% to 6% (static)
Payout frequency
On-demand, 24/7
Markets
CryptoIndicesCommodities
What is Breakout?
Breakout is a retail proprietary trading firm offering single-step evaluation accounts for trading crypto, equities, and commodities. Backed by Kraken, the platform lets traders manage up to $200,000 in simulated funded capital, offering 80% to 90% payout shares with on-demand payouts in USDC.
Ownership and background
Founded in 2023, Breakout operates under Payward Oceanic Ltd. Kraken acquired the firm in September 2025, bringing it under the Kraken corporate group. Breakout discontinued its earlier multi-step paths in May 2026 to focus on a simplified evaluation catalog that runs entirely through its proprietary platform.
Evaluation mechanics and trading
Traders choose from three one-step evaluation plans: Classic, Pro, and Turbo. Classic accounts require a 10% gain target alongside a 6% static drawdown floor, Pro requires a 12% target with a 5% static drawdown, and Turbo pairs a 9% target with a 3% static drawdown. All tiers enforce a 3% maximum daily loss limit that recalculates daily at 00:30 UTC. Drawdown limits are static from starting balances rather than trailing equity highs. Traders access over 60 markets, including BTC, ETH, SOL, stock indices, and commodities, with market-specific leverage up to 10x. Trading takes place on the Breakout Terminal with integrated TradingView charting or via dedicated iOS and Android mobile apps. There are no minimum trading days or time limits.
Costs and payout structure
Evaluation fees start at $20 for Turbo, $33 for Pro, and $45 for Classic accounts, scaling up to $1,090 depending on account size. Fees are non-refundable once trading begins. Standard accounts include an 80% profit split, with a permanent 90% split available for a roughly 20% surcharge at checkout. Positions incur a 0.04% commission per side and financing fees of 0.033% per day, billed in four-hour intervals. Funded accounts allow on-demand payouts 24/7 in USDC on Ethereum once profits reach the $50 minimum.
Availability and track record
Breakout serves clients in more than 160 countries, including the United States, while excluding 23 sanctioned territories. Identity verification (KYC) is required before receiving funded-account payouts. Since its launch in November 2023, the platform has issued more than 20,000 funded accounts and disbursed over $80M in cumulative trader payouts.
Risks and limitations
Traders operate on simulated accounts where market exposure is handled at the firm's discretion, and evaluation fees are lost if loss limits are breached. The 3% daily loss limit can trigger quickly on higher-volatility crypto pairs, resulting in immediate account forfeiture without a free reset option.
Best for:Crypto swing and news tradersTraders wanting static drawdownsUS residents seeking crypto evaluationsTraders demanding fast crypto payouts
Pros and cons
Pros
- Owned by Kraken and operated under Payward Oceanic Ltd
- Static drawdown never trails unrealized equity gains
- No minimum trading days or mandatory evaluation time limits
- On-demand USDC withdrawals on Ethereum with a $50 minimum
- No restrictions on overnight holding or trading during news events
Cons
- Evaluation fees are non-refundable and forfeited accounts offer no free resets
- Enforces a strict 3% daily loss limit across all account tiers
- Mandatory KYC verification before receiving funded account payouts
- Every trade incurs a 0.04% per-side commission and overnight swap costs
- Capital allocation is capped at $200,000 across all active accounts
Our review
4.2/5
Very good
Breakout provides rapid on-demand USDC payouts with static drawdown rules under Kraken ownership, though evaluation fees are strictly non-refundable and trading commissions apply to every order.
Breakout operates as a retail proprietary trading firm under Payward Oceanic Ltd, an entity acquired by Kraken in September 2025. Founded in 2023, the platform offers simulated funded-account evaluations spanning crypto pairs like BTC, ETH, and SOL alongside select equity indices and commodities. Traders can scale up to $200,000 in combined funded capital, receiving between 80% and 90% of trading profits.
The evaluation structure uses single-phase challenges categorized into Classic, Pro, and Turbo tiers. Unlike competitors that enforce trailing drawdown watermarks, Breakout applies a static maximum drawdown between 3% and 6% of the starting balance, alongside a 3% daily loss limit that recalculates at 00:30 UTC. There are no minimum trading days, time limits, or consistency rules. A trader advances to funded status immediately upon hitting the 9% to 12% target.
Payout mechanics represent a notable operational strength. Traders can request earnings 24/7 on demand once funded, with payouts processed in USDC on Ethereum. The minimum withdrawal threshold is $50 after the profit split. The company reports more than $80 million in cumulative payouts across over 160 countries, and US residents remain eligible to purchase evaluations.
Trade-offs center on operational fees and risk structure. Challenge fees begin at $20 and are non-refundable once an evaluation begins. Every trade incurs a 0.04% commission per side, paired with a financing swap fee of 0.033% daily on open positions divided into four-hour windows. Breaching a daily or total drawdown limit closes all open trades and forfeits the account without free retries or resets.
Breakout suits disciplined crypto and macro day traders who want transparent static loss boundaries and immediate crypto withdrawals. Those seeking free account resets, higher leverage above 10x, or traditional multi-step evaluations with fee refunds upon passing should look elsewhere.
Specs
| Evaluation | 1-step · unverified |
|---|---|
| Account sizes | $5,000 to $200,000 · unverified |
| Challenge fee | $20 to $1,090 · unverified |
| Profit split | 80% to 90% · unverified |
| Daily drawdown limit | 3% · unverified |
| Maximum drawdown | 3% to 6% (static) · unverified |
| Payout frequency | On-demand, 24/7 · unverified |
| Payout methods | USDC (ERC-20) · unverified |
| Crypto leverage | Up to 10x · unverified |
| Trading platforms | Breakout Terminal, iOS, Android · unverified |
| Markets | Crypto, Indices, Commodities · unverified |
| KYC required ⓘ | Yes · unverified |
| Restricted countries | Crimea, Donetsk, Luhansk · unverified |
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
Single-phase evaluation
Accounts pass automatically upon reaching a 9% to 12% profit target with no minimum trading days or deadlines.
Static drawdown limits
Maximum drawdown floors are fixed at 3% to 6% of the initial account balance and never trail unrealized profits.
On-demand USDC payouts
Funded traders can withdraw an 80% to 90% profit share 24/7 in ERC-20 USDC with a $50 minimum.
Cross-market leverage
Provides up to 10x automatic leverage across 63 crypto pairs, indices, and commodity instruments.
Breakout Terminal trading
Executes orders directly through a proprietary platform equipped with TradingView charting and mobile apps for iOS and Android.
Unrestricted trade styles
Permits weekend holding, overnight positions, and news trading through catalysts such as CPI and FOMC meetings.
Inside Breakout
Classic Evaluation
A single-phase challenge with a 10% profit target, a 6% static maximum drawdown, and a 3% daily loss limit for account sizes up to $100,000.
Pro Evaluation
A single-phase evaluation featuring a 12% profit target, a 5% static drawdown floor, and account tiers scaling up to $200,000.
Turbo Evaluation
A single-phase tier with a 9% profit target and a narrow 3% static maximum drawdown, available on account sizes up to $200,000.
Breakout Funded Account
The simulated live trading environment unlocked after passing an evaluation and completing KYC, offering standard 80% to 90% profit splits with on-demand withdrawals.
Breakout Terminal
The platform's proprietary trading software featuring TradingView charts, real-time loss limit tracking, and mobile apps for iOS and Android.
What users say about Breakout
User sentiment is mixed, with praise centered on the sleek design of the updated trading terminal and app interface. However, negative feedback highlights significant functional issues, particularly the inability to edit or add stop losses after order entry.
In their own words
“HUGE upgrade from Breakout The new Breakout app is night and day versus the old version. It’s sleek, intuitive UI and so much easier to manage trades on the fly. Well done team!”
“Huge! The new terminal is AMAZING! Good job, Breakout!”
“somehow even worse than the first terminal cant even add a stoploss after entering a trade”
“UI improved but lacking basic features Did an eval using the new platform, which is similar to Kraken. It looks great and feels much better than the old one.”
Based on 10 App Store reviews, 10 Reddit posts and comments from the last 12 months, checked Oct 23, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
User reviews
No user reviews yet. Have you used Breakout? Share your experience below.
FAQ
Who owns Breakout?
Breakout is owned by cryptocurrency exchange Kraken, which acquired the firm in September 2025. It operates under Payward Oceanic Ltd.
What fees does Breakout charge?
One-time evaluation challenge fees start at $20 for Turbo, $33 for Pro, and $45 for Classic accounts. Active trades incur a 0.04% commission per side, plus an ongoing 0.033% daily financing fee on open positions.
How do payouts work on Breakout?
Funded traders can request profit withdrawals on demand 24/7 with a $50 minimum after the profit split. Payouts are delivered in USDC on the Ethereum network.
Is KYC verification required to trade with Breakout?
Yes, traders must complete identity verification to activate a funded account and receive profit distributions. The platform serves over 160 countries, including the United States, while restricting sanctioned regions.
Does Breakout use a trailing or static drawdown?
Breakout uses a static maximum drawdown across all its evaluation plans, fixed at 3% to 6% of the initial account balance. The drawdown floor does not rise as the account accumulates profits.
What trading platforms does Breakout support?
Breakout offers its proprietary Breakout Terminal with integrated TradingView charting. It is accessible through web browsers as well as native mobile apps for iOS and Android.
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