Breakout

Breakout, backed by Kraken and operating since November 2023, sells crypto-first evaluations on contracts that behave like perps, but its own documents rarely use the word. The evaluation agreement refers to open swap positions, the symbols page lists tickers such as AAVEUSD on the Breakout Terminal, and the only reference to perpetuals in the program rules suggests OKX and Bybit USDT perpetual pairs as the closest charting proxies on TradingView. Whatever the contract is called, Breakout does not pass venue funding through. It charges a fixed swap fee of 0.033% per open position per day on notional value, with the program rules and symbols page splitting that into six deductions, one every four hours, whereas the evaluation agreement describes a single daily charge at 00:00 UTC. Those fixed charges are taken from the demo balance, so a long hold pays the same whichever way a real funding rate would have run.

Execution is simulated, and the agreement is blunt about it: the capital in a demo account has no economic value and filled orders have no counterparty. Balances consist entirely of simulated capital, the spread is variable and based on centralized exchange liquidity, and the firm reserves the right to add latency to orders to stop latency arbitrage. Trading fees are 0.04% per side, or 0.02% on real world assets such as the XYZ100, S&P 500, silver and CL. Leverage is applied automatically and cannot be changed: BTC, copper, the S&P 500 and XYZ100 at 10x, ETH, SOL, gold, oil and a long list of majors at 5x, a third group at 3x, and all other instruments at 2x. Breakout advertises 63 markets.

Every Breakout evaluation is now a 1-step challenge from $20. Classic asks for a 10% profit target with a 6% static max drawdown, Pro 12% with 5%, and Turbo 9% with 3%, each with a 3% daily loss limit, on accounts from $5,000 to $100,000 on Classic and up to $200,000 on the others, with active account sizes capped at $200,000 combined. The daily limit is recalculated at 00:30 UTC from the balance, which excludes open positions, while breaches are measured on equity including open positions. Touching either limit for any amount of time closes the account and disables it permanently. There are no time limits, no minimum trading days and no consistency rule, and the fee is not refunded except for active evaluations if KYC is rejected.

Funded accounts keep the same limits and drop the target. The profit split is 80%, or 90% through a permanent upgrade at checkout, and a payout can be requested on demand, 24/7, as long as no positions are open and the account is unbreached, with a $50 minimum after the split, paid in USDC on Ethereum. Weekend holding and news trading are allowed, though news trading depends on data and liquidity from liquidity providers. Breakout bans copy trading of other traders' ideas, off-the-shelf strategies and switching strategy after passing, and it permits hedging within one account only in limited circumstances, with cross-account hedging treated as a breach. Traders in jurisdictions including Afghanistan, Belarus, Cuba, Iran, North Korea, Russia and Syria are ineligible.