Breakout Review 2027 Fees, Features and Safety

This Breakout review for 2027 looks at the United States-based prop firm, founded in 2023, and covers the profit split of up to 90%, funding of up to $200,000, evaluation rules and payouts, so you can decide whether it fits the way you trade.

Breakout overview (2027)

Breakout is a proprietary trading firm dedicated entirely to cryptocurrency. It launched in 2023, founded by TJ Kawamura and Alex Miningham, and quickly became the best-known name in crypto prop trading. In 2025 it was acquired by Kraken, one of the oldest and most respected crypto exchanges in the world. That acquisition gave Breakout a parent with deep liquidity, long experience in digital asset markets and a strong reputation for security.

Why a crypto-only prop firm?

Most prop firms treat crypto as an afterthought, offering a handful of coins as CFDs with wide spreads and low leverage. Breakout was designed around crypto from the start. It offers a broad list of perpetual-style contracts on Bitcoin, Ethereum and dozens of altcoins, with pricing and conditions modelled on real crypto derivatives markets. Markets are open 24 hours a day, seven days a week, and traders are not forced to close positions at a daily cut-off or before the weekend.

Evaluation options

One-step evaluation: a single phase with a profit target of around 10% and a daily loss limit and maximum drawdown.

Two-step evaluation: two phases with lower targets, such as 5% and 10% or similar, and a slightly more generous drawdown.

Account sizes range from $5,000 to $200,000. There is no time limit and no minimum number of trading days, so a trader can pass as quickly or as slowly as their strategy allows.

Risk rules

Daily loss limits are typically 4% to 5%, and the maximum drawdown is in the region of 6% to 8% depending on the evaluation chosen. On some accounts the drawdown is static, and on others it trails until a threshold is reached. Leverage is capped at modest levels, commonly up to 5x on Bitcoin and Ethereum and lower on smaller coins, reflecting the volatility of crypto.

There are few restrictions on trading style. News trading is allowed, and positions can be held indefinitely. The firm prohibits market manipulation in illiquid contracts, exploitation of pricing errors and coordinated trading between accounts.

Profit split and payouts

Funded traders receive 80% of profits by default, and a paid add-on at checkout raises this to 90%. Payouts can be requested on demand once the account is in profit, without a fixed waiting cycle, and are typically paid in stablecoins. The evaluation fee is refunded with an early payout on eligible accounts.

Scaling

Traders who demonstrate consistent performance can receive larger allocations over time through the firm's scaling arrangements. The standard maximum initial account is $200,000, and traders can hold more than one account subject to limits.

Platform

Breakout uses its own trading terminal, built specifically for the firm. It includes TradingView charts, real-time order book data, and a clear display of account metrics such as distance to the daily and overall loss limits. Since joining Kraken, the platform has drawn on the exchange's infrastructure. MetaTrader and cTrader are not offered, which is appropriate for a crypto-native product.

Fees

Evaluation fees are in line with the wider prop market. A $100,000 one-step evaluation costs in the region of $600 to $650, with two-step accounts priced somewhat differently and smaller accounts starting from around $50. Trading fees and funding rates are simulated to mirror real perpetual futures markets, so holding leveraged positions over time carries a cost.

The Kraken connection

Ownership by Kraken is a significant mark of credibility. Kraken has operated since 2011 and holds licences in multiple jurisdictions. While a prop evaluation is not a regulated financial product and accounts are simulated, traders are dealing with a firm backed by a major, well-capitalised exchange. Breakout accounts are also accessible to Kraken's user base in eligible regions.

What to keep in mind

Crypto is extremely volatile, and the drawdown limits at Breakout are tighter than those on typical forex challenges. A single sharp move can breach the daily limit. Low leverage means position sizes are constrained. The maximum profit share of 90% requires an add-on. Availability depends on your country of residence.

Who is Breakout best for?

Breakout is the natural choice for traders who specialise in crypto and want conditions that reflect the real market: round-the-clock trading, many coins and no forced closures. The backing of Kraken adds confidence.

Traders who focus on forex, indices or futures, or who want high leverage, should choose a different firm.

Pros and cons

• Pros: crypto-only with a wide coin list, owned by Kraken, 24/7 trading with no forced closures, no time limit or minimum trading days, on-demand payouts, purpose-built platform with TradingView charts.
• Cons: tight drawdown limits for a volatile asset class, low leverage, 90% split only with add-on, no forex or other assets, proprietary platform only.

Breakout review: verdict for 2027

Breakout is the leading prop firm for crypto traders, and its acquisition by Kraken has strengthened that position. Its rules are simple and its market access is authentic. For anyone who trades digital assets seriously, it is the obvious place to look.

Compare this Breakout review with all 35 prop firms in our 2027 list, and confirm the latest terms on the official Breakout website before you open an account.