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About Breakout
Breakout is a crypto-focused prop trading firm offering simulated capital challenges. Traders pay a fee, pass an evaluation with profit targets and drawdown limits, then trade a funded account and keep 80-90% of profits. Payouts are in USDC, on-demand, 24/7, with no minimum trading days or consistency rules.
Its core appeal is simplicity: only two loss limits (daily and max), no time constraints, and no payout caps. The platform is proprietary (web and mobile), supports 50+ crypto pairs, and recently added indices and commodities like S&P 500 and oil. The backing of Kraken provides credibility in an industry often plagued by unreliable operators.
The main pain point it addresses is the rigidity of traditional prop firms—many impose consistency rules, minimum trading days, or delayed payouts. Breakout removes these frictions, offering same-day withdrawals and a straightforward rulebook. However, it has notable limitations: no third-party platform support (MT5/TradingView), no algo trading, and USDC-only payouts (ERC-20, gas fees borne by the trader).
In the past six months (Feb-Aug 2026), Breakout expanded beyond crypto into traditional markets, introduced tiered leverage by instrument (up to 10x on BTC and indices), and refined its payout process via Riseworks. Trustpilot ratings reportedly dipped from ~5.0 to ~4.5 in a 30-day window, though the firm remains operational. A key disclosure: funded trades are executed at POL Trading Ltd's discretion, meaning some orders may be internal book entries rather than routed to external venues—a standard but notable caveat. The firm is also only ~2.5 years old, so it hasn't weathered a major market crisis yet.
Breakout is a cryptocurrency-focused proprietary trading firm launched in 2023, having paid over $60 million in profits to traders across 160+ countries. The company uses an evaluation-based model where traders can access up to $200,000 in capital after passing an assessment, retaining 80-90% of profits.
In its development, Breakout completed a $4.5 million seed round led by RockawayX, with participation from Mechanism Capital, Round13 Capital, C² Ventures, and IOBC, laying the foundation for future expansion.
The most significant long-term milestone was the acquisition by Kraken in 2025. This enabled Breakout to leverage Kraken's global infrastructure and brand trust to expand its proprietary trading business, with plans to enter the Asia-Pacific and Latin American markets. Post-acquisition, Breakout maintains its evaluation-based model while deepening integration with Kraken Pro, offering traders a smoother experience and broader asset access.
Alex Miningham (Co-founder & CEO): Serial entrepreneur and long-horizon investor with 20+ years in crypto and venture capital. Previously Managing Partner at The Miningham Group and General Partner at Ascensive Assets, a seed-stage Web3 fund. Leads Breakout's strategy and operations.
Dylan Loomer (Co-founder): Former Partner at Metrics Recruitment, specializing in crypto-native talent. Holds a Bachelor of Management in Accounting and Finance from UBC. Oversees partnerships and business development at Breakout.
John Gregory "Trader Mayne" (Founder): Veteran crypto trader and educator, known for his trading insights on X. Provides trading expertise and market strategy for Breakout's prop firm model.
Matthew Howells (Chief Growth Officer): Former VP of Growth at Kraken, where he led a 60+ person team and $250M+ budget. Previously VP Marketing at HubSpot and co-founded Traffic Think Tank (sold to Semrush). Drives Breakout's user acquisition and growth systems.