About Breakout Prop
Breakout Prop is one of the first proprietary trading firms that focus on cryptocurrency markets. Rather, it defines itself as a “crypto-native” company — indicating that the activity of trading on this platform is centered around crypto assets such as Bitcoin and Ethereum crossbacked with many altcoins. In total, over 100 cryptocurrencies are being made available to the traders on Breakout Terminal, which is built specifically for trading in customized future contracts. Built directly into leading centralized exchanges, this platform executes automatically with the tightest spread and best liquidity. At Breakout Prop, traders can participate in multiple challenge evaluations to assess their trading intelligence. Top traders are presented with funded accounts and will be able to trade with significant amounts of capital for retaining a profit share in the scope from 70% up to as high as 90%. The company aims to build a well-developed ecosystem that promotes trader development yet maintains strong risk management principles. Breakout Prop can be powerful choices for novices both newbie and seasoned traders with its no-touch evaluation policy, articulated rules of drawdowns and targets, as straightforward payout structures.
Established | Country | CEO |
November 2023 | British Virgin Islands | Alex Miningham |
Broker | Platform | Trust Pilot Score |
Bybit | Proprietary trading terminal | 4.9 |
About the CEO of Breakout Prop
Alex Miningham is the co-founder and CEO of Breakout Prop, a new proprietary trading firm specializing in cryptocurrency markets. With rich experience in technology and finance, Alex has been a fundamental part of the trading and investment business for over 10 years. Before Breakout Prop, he founded and operated several data-driven technology startups, guiding them through acquisitions. He became an active angel investor a few years later with a new pivot to venture capital, primarily focusing on web3 and blockchain technologies.
Miningham aims for Breakout Prop Trading to stand out for its transparency, giving traders a better way to trade and offering clear evaluations. By integrating liquidity from top-tier centralized exchanges like Bybit, the firm ensures realistic and efficient trading for users. As CEO, Miningham’s goal is to reform prop trading by providing advanced tools, best-in-class service, and transparent risk management.
Through Breakout Prop, Alex and his team aim to create a fair and competitive environment for traders worldwide, giving them the opportunity to thrive in the fast-growing crypto market.
How to Use the Breakout Prop Discount Code
Step 1 – Sign Up & Select Your Challenge:
- Desktop or Laptop: Highlight the promo code and use
CTRL + Con a Windows computer orCMD + Con a Mac to copy the code. - Mobile: Press and hold the promo code to highlight it. Tap “Copy” from the pop-up menu. The discount code will be copied to your clipboard. Click the “Claim Now” button to proceed.
Use code “STT101” for 5% OFF all accounts!
Step 2: Choose Your Breakout Prop
Breakout Prop: Trading Challenges Breakout Prop offers a variety of trading challenges to identify whether you can handle market environments, manage risks and make money! Challenges are available in two variations, namely a one-phase evaluation and two-phases evaluations so that traders can pick the option most suitable with their goals or experience.
$5,000 Account Challenge: A solid starting point for those new to paper trading is the $55 challenge with easy profit targets and risk limits. This is for new traders to understand their system better and get the feel of how trading works.
$10,000–$25,000 Account Challenges: Designed for intermediates these challenges range from -$110 to + $275 and you must be consistently net profitable while demonstrating solid risk management. The analysis evaluates the discretion of activities from trader to market conditions.
Account Challenges: $50,000–$100,000 (Advanced): for the more seasoned players. These evaluations are more inpratice and they have much higher fees of $495 or $800 depending upon your style, what also makes them vary, but something that remains common is their high risk parameters. Passing these challenges can receive the right to possibly trade substantial capital.
In order to successfully make it through the evaluations and eventually get a funded trading account, traders will need to hit certain profit targets as well as follow some stringent risk management protocols — which include daily loss limits, daily stop-outs & max-drawdowns.
Use code “STT101” for 5% OFF all accounts!
Step 3: Choose Your Payment Method
Breakout Prop offers several payment methods to cater to traders worldwide. The firm aims to provide a seamless payment experience with a variety of secure options:
- Credit/Debit Cards: Most users opt for traditional credit or debit cards, which include Visa, MasterCard, and American Express. These payments are processed instantly, ensuring traders can begin their challenges immediately.
- PayPal: For those who prefer digital wallets, PayPal is a convenient option that offers added security and ease of use.
- Cryptocurrency: As a crypto-native firm, Breakout Prop allows users to pay with popular cryptocurrencies such as Bitcoin and Ethereum, offering a fast and decentralized payment method.
- Bank Transfers: Some traders prefer the reliability of direct bank transfers. While these can take longer to process, they provide an additional layer of security.
These diverse payment options make it easy for traders from different regions to access Breakout Prop’s services.
Step 4: Apply the Discount Code
Choose a challenge → Select the payment method you’d like to use, and apply your discount code at checkout. Here’s a quick overview of how it is done:
- Coupon Code: In some cases, during the checkout process, you may be asked to enter a coupon code (usually something like “DISCOUNT CODE” or “PROMO CODE”). Use it as written to get the discount.
- Confirm the Reduction: Once you put in the code, validate your new subtotal to see if it has been successfully applied.
- Make The Payment: Finally, proceed to complete the transaction with your payment option.
Discount codes usually have expiration dates or use limits, so it is required to apply them before the due date.
Your prop firm discount code will be applied immediately.
Use code “STT101” for 5% OFF all accounts!
What Payment Methods are Available?
Breakout Prop supports several payment methods to provide flexibility and convenience, including:
- Credit/Debit Cards: Major cards such as Visa, MasterCard, and American Express.
- PayPal: A secure online payment option.
- Bank Transfers: Direct transfers from your bank account.
How to Claim Your Breakout Prop Discount (Video)?
Use code “STT101” for 5% OFF all accounts!
Breakout Prop Support and Help
Contact Ment Funding
Email: support@breakoutprop.com
Social Media Profiles
Breakout Prop Discount Code FAQ's
Breakout Prop is a proprietary trading firm that specializes in cryptocurrency trading, offering traders the opportunity to manage funded accounts. The firm provides evaluation challenges where traders can prove their skills by passing specific profit and risk management criteria to access substantial capital. Breakout Prop integrates directly with crypto exchanges, offering deep liquidity and tight spreads, making it ideal for crypto traders.
Breakout Prop was co-founded by Alex Miningham and Dylan Loomer (also known as TraderMayne), along with two other experienced traders, CryptoCred and Abetrade. The team brings a wealth of experience in trading, technology, and investment, particularly in the cryptocurrency space.
Breakout Prop offers two types of trading challenges: a one-step and a two-step evaluation. These challenges have varying account sizes (ranging from $5,000 to $100,000) and come with specific profit targets and loss limits. Traders must meet these criteria to pass the evaluations and receive a funded account, allowing them to keep up to 90% of their profits.
The entry fees for Breakout Prop’s challenges depend on the account size. Fees range from $55 for a $5,000 account to $800 for a $100,000 account. These fees cover the cost of evaluation and access to the firm’s trading platform.
Breakout Prop offers a competitive payout structure, with traders able to keep up to 90% of their profits. The first payout is processed 14 days after the funded account becomes active, with subsequent payouts occurring weekly.
Terms and Conditions
Understanding the terms and conditions associated with Breakout Prop discount codes is essential for their proper use. Common terms include:
- Validity Period: Discount codes usually have an expiration date after which they cannot be used.
- Eligibility: Some codes may be restricted to new users or specific challenges.
- Usage Limit: There may be limits on how many times a code can be used or combined with other offers.
- Minimum Purchase Requirement: Certain codes may require a minimum spend to be valid.
Always read and understand these terms to avoid any issues when applying your discount code on the Breakout Prop website.
