The startup operates a trading platform that facilitates proprietary trading in cryptocurrencies by leveraging centralized exchange liquidity and a user-friendly execution model. This platform provides traders with essential tools to efficiently navigate a diverse range of crypto assets, enhancing their trading effectiveness.
Funding
$4.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many cryptocurrency traders lack sufficient capital to generate substantial profits, while also facing risks associated with holding funds on centralized exchanges. Traditional proprietary trading firms are relatively new to the cryptocurrency sector, often providing sub-optimal trading conditions compared to direct exchange trading.
Solution
Breakout offers a crypto-native prop trading platform that provides traders with access to funded accounts, enabling them to trade with increased capital without risking their own funds. Traders can access deep liquidity sourced from tier 1 centralized exchanges, ensuring tight spreads and optimal execution. The platform offers a custom-built web and mobile app trading terminal with advanced order types and TradingView chart integrations. Breakout's evaluation process assesses traders' risk management skills, and successful traders can earn payouts based on their net gains, with profit splits up to 90%.
Target Audience
The primary audience includes cryptocurrency traders with proven trading skills and robust risk management looking to leverage larger capital bases without risking personal funds.
Features
- Access to demo trading accounts ranging from $5,000 to $100,000 for evaluation purposes
- Opportunity to manage funded Breakout Accounts and receive payouts based on a profit-sharing model
- Trading on 100+ crypto assets with perpetual futures liquidity sourced from tier 1 centralized exchanges
- Custom web and mobile trading terminal with advanced order types and one-click trading
- Integration with TradingView charts for advanced technical analysis
- Clear and consistent risk management rules, including maximum daily loss and maximum drawdown limits
- Transparent statistics on evaluation success rates, breaches, and payouts
- Fast payouts, available one day after getting funded and every seven days thereafter