Breakout Supported and Restricted Countries

It is important to take note of breakout supported and restricted countries, especially for traders looking to join the prop firm. Breakout Prop, legally named Breakout Trading Group, LLC, is a relatively new prop trading firm specializing in cryptocurrency trading. Established in November 2023 and led by CEO Alex Miningham. It is a US-registered firm that offers traders the opportunity to trade over 100 crypto assets with liquidity from centralized exchanges. This article explores the global accessibility of Breakout Prop, detailing breakout supported and restricted countries, trading instruments, platform specifics, and other essential information for prospective traders.

Overview of Breakout Prop

Breakout Prop sets itself apart by focusing solely on cryptocurrency trading, providing access to over 100 crypto assets and perpetual futures liquidity sourced from tier-one centralized exchanges. The firm emphasizes transparency and offers high-performance platforms for crypto trading.

Characteristics Of Breakout Prop

• Instruments: Traders at Breakout Prop can trade over 100 crypto assets.
• Trading Platform: Breakout Prop supports trading on undisclosed platforms. However, they offer a custom-built web and mobile app with advanced order types, one-click trading, and built-in risk management.
• Challenge Types: Breakout Prop offers One Phase and Two Phase Challenges.
• Payouts: Payouts are processed daily in USDC (ERC20), provided the trader meets the withdrawal requirements.
• Commissions: Trading incurs a fee of $3.50 per side per $10,000 traded, totaling $7 per round trip. Additionally, there’s a swap fee of 0.09% per open position per day, deducted at 00:00 UTC.
• Leverage: Up to 5:1

Breakout Supported Countries

While Breakout Prop aims to provide broad access to its services, specific information on all supported countries is not readily available. However, it can be inferred that they support numerous countries given their US registration.

Breakout Restricted Countries

Breakout restricted countries explicitly restricts access to its services from the following countries:

• Afghanistan
• Belarus
• Burma (Myanmar)
• Central African Republic
• Cuba
• Democratic Republic of the Congo
• Ethiopia
• Iran
• Iraq
• Lebanon
• Libya
• Mali
• Nicaragua
• North Korea
• Russia
• Somalia
• Sudan
• Syria
• Venezuela
• Vietnam
• Yemen
• Zimbabwe
• Parts of Ukraine (Crimea, Donetsk, Luhansk)

These restrictions are likely due to a combination of factors, including international sanctions, regulatory concerns, and risk management policies.

Challenge Details

Breakout Prop offers two main evaluation challenges for traders who want to prove their skills and start trading a funded account.

1-Step Evaluation

• Pricing:

  • $5,000 Account: $55
  • $10,000 Account: $110
  • $25,000 Account: $275
  • $50,000 Account: $495
  • $100,000 Account: $800

• Rules:

  • Profit Target: 10%
  • Daily Drawdown: 4%
  • Max Drawdown: 6%
  • Drawdown Type: Static Based Drawdown
  • Profit Share: 80%, with add-ons to 90% and scaling up to 95%
  • Time Limit: Unlimited
  • Leverage: Up to 5:1
  • Payout Period: Daily Payouts
  • Copy Trading: Allowed
  • Minimum Trading Days: 0

2-Step Evaluation

• Pricing:

  • $5,000 Account: $50
  • $10,000 Account: $100
  • $25,000 Account: $250
  • $50,000 Account: $450
  • $100,000 Account: $725

• Rules:

  • Profit Target (Phase 1): 5%
  • Profit Target (Phase 2): 10%
  • Daily Drawdown: 5%
  • Max Drawdown: 8%
  • Drawdown Type: Static Based Drawdown
  • Profit Share: 80%, with add-ons to 90% and scaling up to 95%
  • Time Limit: Unlimited
  • Leverage: Up to 5:1
  • Copy Trading: Allowed
  • Payout Period: Daily Payouts
  • Minimum Trading Days: 0

Trading Conditions

Breakout Prop provides access to tight spreads and a visible order book depth, giving traders an edge in competitive markets. Their trading platform sources liquidity from top-tier centralized exchanges, ensuring minimal slippage and maximum efficiency. News trading is allowed, but traders should be aware that spreads tend to widen during high-volatility events.

Prohibited Strategies

Breakout Prop prohibits the following trading strategies:

• Exploiting platform errors or latency
• Utilizing insider or non-public information
• Front-running trades or market manipulations
• Copying trading signals or ideas from third-party sources
• Sharing accounts or trading multiple accounts from the same IP

Trading strategies that exploit pricing errors, latency, or use non-public information are strictly prohibited. Strategies that involve high-risk maneuvers that would be difficult to replicate in a live market setting, like arbitrage or front-running, are banned.

Company Information

• Legal Name: Breakout Trading Group, LLC
• CEO: Alex Miningham
• Country of Registration: USA
• Support Email: [email protected]
• Address: 2810 N Church St Pmb 544583 Wilmington Delaware 19802-4447 United States

Breakout Trading App

Breakout Prop offers a mobile app that allows users to manage demo trades, manage risk, and view positioning. The app is integrated with Breakout Evaluations and funded Breakout Accounts. However, user reviews suggest that the app needs improvements.

Conclusion

Breakout Prop offers a focused environment for crypto traders, with access to a range of crypto assets and transparency in its operations. While the platform supports traders from many countries, certain regions are restricted due to regulatory and legal constraints. Breakout Prop provides traders with tight spreads, a range of crypto assets, and a one or two-phase challenge program. For traders in eligible countries with a passion for crypto trading, Breakout Prop offers a platform to showcase their skills.

Frequently Asked Questions

Why Does Breakout Restrict Certain Countries?

• Restrictions are primarily due to regulatory compliance issues and legal standards that prevent foreign financial services firms from operating within certain jurisdictions.

How Can I Verify If My Country Is Supported By Breakout Prop?

• You can check your eligibility by visiting Breakout prop official website or reviewing their terms of service for the most current list of supported and restricted countries.

What Should I Do If My Country Is Restricted?

• If your country is on the restricted list, consider exploring other proprietary trading firms that may offer similar opportunities without geographical limitations.