Embark on a journey with The Breakout Edge, where precision meets opportunity in the realm of cryptocurrency trading. With a unique evaluation process, live trading environment, and the promise of crypto payouts, The Breakout Edge is designed for traders who aim to excel in the fast-paced crypto market. Explore how this platform can be your edge in mastering risk management and achieving trading excellence.
Embark on a journey with The Breakout Edge, where precision meets opportunity in the realm of cryptocurrency trading. With a unique evaluation process, live trading environment, and the promise of crypto payouts, The Breakout Edge is designed for traders who aim to excel in the fast-paced crypto market. Explore how this platform can be your edge in mastering risk management and achieving trading excellence.
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Pros
- Structured Evaluation Process.
- Live Trading Environment.
- Flexible Crypto Payouts.
- Strict Adherence to KYC and Global Regulations.
- Proprietary Trading Terminal.
Cons
- No Refund Policy.
- Exclusion of Certain Jurisdictions.
- Required KYC for Payouts.
- Additional Latency for Orders.
- Limited to Crypto Trading.
Introducing The Breakout Edge, a groundbreaking prop firm that is setting new standards in the world of cryptocurrency trading. With a commitment to uncompromising execution, The Breakout Edge offers traders access to over 70 crypto assets through perpetual futures liquidity sourced exclusively from Bybit. This platform is not just about trading; it’s about trading smarter and more efficiently.
The Breakout Edge provides a centralized exchange trading environment featuring tight spreads, comprehensive order book visibility, and advanced trading tools to enhance your trading experience. The proprietary Breakout Terminal elevates trading with its modern UI, facilitating seamless trade execution on both web and mobile platforms. It features advanced order types, one-click trading, and integrated risk management, ensuring traders have all the necessary tools at their fingertips.
At the core of The Breakout Edge’s philosophy are clear, fair, and accessible rules, along with radical transparency, offering detailed insights into evaluation success rates, breaches, payouts, and more. Embark on your trading journey with The Breakout Edge in just two simple steps: pass the Breakout Evaluation and trade your funded account, retaining up to 95% of the profits. With rules optimized for fairness and an extensive support system, The Breakout Edge stands as the first crypto prop firm providing direct global access to centralized exchange liquidity, truly making it a pioneer in the space.
The Two-Phase Journey to Trading Success
The journey to trading with The Breakout Edge is structured around two critical stages: the Breakout Evaluation and the Breakout Account. Initially, traders are put through the Breakout Evaluation, a demo phase designed to simulate real-market conditions without financial risk. Successfully navigating this phase allows traders to advance to the Breakout Account stage, where they can trade with real funds and earn payouts.
Demystifying the Demo Account Goal
At the heart of the Breakout Evaluation is the demo account goal, a benchmark set to evaluate a trader’s ability to generate profits. This goal is measured as a percentage gain on the equity of the evaluation demo account, considering both unrealized gains and losses. For instance, if a trader’s open positions in a $10,000 demo account achieve the preset goal, their positions are automatically closed, marking their success in the evaluation stage.
Progressing Through the Stages
Passing one stage of the Breakout Evaluation is a significant milestone, leading traders to the subsequent phase of their journey. Achieving this feat grants access to a new demo account for the next stage, with a reset balance and no carryover from previous trades or positions. It’s imperative to pass all stages without violating any rules or terms to qualify for a Breakout Account.
Time Frame for the Breakout Evaluation
Flexibility is a key feature of the Breakout Evaluation, which imposes no minimum or maximum time constraints. Traders are at liberty to progress at their own pace, with the potential to pass the evaluation as soon as they meet the demo account goal while complying with all risk rules and terms. This approach emphasizes skill and strategy over speed, aligning with The Breakout Edge’s commitment to fair and transparent trading conditions.
The Breakout Edge offers an intricate trading framework designed to evaluate and empower traders in the volatile world of cryptocurrency. Here’s a detailed exploration of the key aspects of trading with The Breakout Edge, including payouts, crypto payments, drawdowns, daily loss limits, breaches, and more.
Payouts and Evaluation Stages
During the Breakout Evaluation, traders engage in simulated trading to demonstrate their skills and understanding of the platform’s rules. It’s important to note that payouts are not available at this stage. The opportunity to earn payouts becomes available only when traders successfully transition to the Breakout Account stage, emphasizing the evaluation’s role in preparing traders for real-market conditions.
Crypto Payments Flexibility
The Breakout Edge embraces the digital age by accepting payments in a wide array of major cryptocurrencies and stablecoins. This flexibility ensures that traders around the globe can easily access and participate in the Breakout Edge’s trading programs.
Understanding Drawdowns and Daily Loss Limits
Drawdowns and daily loss limits are pivotal in managing risk on The Breakout Edge platform. The platform distinguishes between demo account balance and demo account equity, incorporating both into its risk management strategy. Maximum drawdowns are calculated based on the starting balance minus a fixed drawdown amount, while maximum daily losses are determined by the end-of-day balance and any intra-day equity decline. Breaching these limits constitutes a violation of the risk rules, underscoring their significance in the evaluation and trading processes.
Prohibited Trading Practices
To maintain fairness and integrity, The Breakout Edge prohibits certain trading practices, including exploiting price errors, hedging across accounts, and using high-frequency trading strategies that exploit latency. The platform allows the use of expert advisors and algorithmic trading, provided they comply with the established trading practices rules.
Trading Leverage, Positions, and Fees
Traders have access to up to 5x leverage for cryptocurrency trading, both during the Breakout Evaluation and within the Breakout Account. Position size limits and restrictions are clearly outlined in the Breakout Terminal, ensuring traders are aware of the maximum allowable sizes per instrument. The platform’s fee structure is transparent, with trading fees set at $3.50 per side per $10,000 traded, highlighting the costs associated with trading activities.
Inactivity Rule and Payout Impact on Drawdown
An inactivity period of 30 days leads to account disabling, though this can be resolved by contacting support. Interestingly, payouts have the unique effect of reducing the High Water Mark (HWM), thereby adjusting the maximum drawdown level. This policy is designed to offer flexibility to traders and ensure that receiving payouts does not unnecessarily tighten risk constraints.
The Breakout Edge establishes clear guidelines and conditions to ensure a transparent and secure trading environment. Below is an overview of crucial policies regarding user funds, KYC requirements, VPN usage, refunds, news event trading, KYC failure, and the trading environment.
User Funds and Financial Integrity
The Breakout Edge maintains a strict policy of not holding or trading with user funds. The platform’s commercial interactions with users are limited to the purchase of Breakout Evaluations and the issuance of payouts for successful Breakout Accounts, ensuring a high degree of financial integrity and trust.
KYC Requirements
KYC verification is not required for participating in the Breakout Evaluation. However, successful completion of an evaluation necessitates a KYC process to access a Breakout Account and receive payouts, aligning with regulatory standards and ensuring the security of the trading platform.
VPN Usage Policy
While the use of VPNs is permitted, The Breakout Edge cautions against their use to conceal or misrepresent your actual jurisdiction or to bypass laws and regulations. Adherence to KYC requirements remains mandatory for those who pass the Breakout Evaluation.
Refund Policy
Consistent with its Terms and Conditions, The Breakout Edge does not offer refunds, emphasizing the importance of understanding the platform’s rules and policies before engaging in the evaluation process.
Trading During News Events
Trading during news events is allowed, recognizing the inherent volatility and potential spread widening by market makers during these periods. Traders are advised to be cautious, as liquidity and simulated fill prices may be affected.
KYC Failure and Refunds
Should a trader fail the KYC check after passing the Breakout Evaluation, The Breakout Edge offers a full refund for the specific evaluation passed. This refund policy underscores the platform’s commitment to compliance and fair trading practices.
Trading Environment and Platform
All trading within the Breakout Evaluation occurs in a demo environment, designed to replicate live trading conditions as closely as possible, including the application of a minimal latency to all orders. This approach is aimed at preventing latency arbitrage and ensuring a level playing field for all participants.
Brokerage and Trading Platform
Liquidity for crypto trading is sourced from Bybit, with trading facilitated through The Breakout Edge’s proprietary trading terminal, available on web, desktop, and mobile applications. This integration offers traders a seamless and efficient trading experience.
Trading Hours and Order Execution
Crypto trading is available 24/7, accommodating the continuous nature of the cryptocurrency market. The Breakout Edge also clarifies conditions under which limit orders may not fill, such as issues related to spread and market liquidity, providing guidance on order management for traders.
Gaining a Breakout Account with The Breakout Edge involves a structured evaluation process designed to assess traders’ skills and adherence to risk management practices. Here’s an overview of the trading stages, account acquisition, risk rules, prohibited practices, and more, to help traders navigate the platform’s policies.
Trading Stages at The Breakout Edge
The journey at The Breakout Edge is divided into two critical phases: the Breakout Evaluation stage, which assesses a trader’s proficiency and risk management, and the Breakout Account stage, where successful traders manage real funds and are eligible for payouts. Traders must navigate through the evaluation successfully, adhering to all rules and achieving the specified account gains, before they can qualify for a Breakout Account.
Acquiring a Breakout Account
To secure a Breakout Account, traders must select an evaluation of their choice, achieve the required gains on their demo account without breaching any platform rules, and complete the KYC process. Upon satisfying these conditions, traders are granted access to a Breakout Account, which mirrors the initial balance of the evaluation account.
Risk Management Rules
Understanding and adhering to risk management rules is paramount. The platform differentiates between demo account balance and equity to enforce maximum daily loss and drawdown limits. Breaching these limits results in a violation of the risk rules, emphasizing the importance of real-time monitoring of account balances and equity.
Prohibited Trading Practices
The Breakout Edge strictly prohibits practices that can undermine the fairness of trading, including exploitation of pricing errors, hedging across multiple accounts, and reliance on latency advantages through high-frequency trading. The platform supports the use of expert advisors and algorithmic strategies that comply with its trading rules.
Account Limitations and Breaches
Traders are allowed one active demo account during the Breakout Evaluation stage. Breaching any risk rule or engaging in prohibited trading practices during either the evaluation or the trading stage necessitates starting over with a new Breakout Evaluation to regain access to a Breakout Account.
Weekend Trading and Leverage Use
Positions can be held over the weekend, acknowledging the reduced liquidity and potential for wider spreads during these periods. Crypto trading leverage is capped at 5x for Bitcoin and Ethereum, and 2x for other altcoins, both during the evaluation and in the Breakout Account.
Trading Costs and Position Limits
Trading fees are set at $3.50 per side for every $10,000 traded, applicable to both the evaluation and the Breakout Account. Position size limits are enforced to align with liquidity provisions by Bybit, the platform’s crypto broker, ensuring traders are aware of the maximum allowable positions per instrument.
Inactivity Rule and Payout Impact
An inactivity period of 30 days results in account disablement, which can be reversed upon contacting support. Payouts reduce the High Water Mark, affecting the maximum drawdown level and providing traders with flexibility in managing their accounts without tightening risk constraints unnecessarily.
At The Breakout Edge, understanding the policies surrounding payouts, KYC requirements, trading conditions, and platform functionalities is crucial for traders aiming to maximize their trading success. This guide provides insights into how and when you can request payouts, along with key policies that govern trading on the platform.
Payout Eligibility and Process
Traders can request their first payout 14 days after receiving a Breakout Account, with subsequent payouts available every 14 days. To ensure a smooth payout process, all positions must be closed, and trading is paused until the payout is completed. The minimum payout amount is set at $50, catering to traders’ flexibility and convenience.
Crypto Payouts and Fund Management
Embracing the digital age, The Breakout Edge supports payouts in cryptocurrency, enhancing accessibility for traders globally. Importantly, the platform maintains a strict policy of not holding or trading with user funds, ensuring a transparent and trustworthy trading environment.
KYC and Country Eligibility
KYC verification is a mandatory step for traders who successfully complete a Breakout Evaluation, ensuring compliance with global financial regulations. However, certain jurisdictions are excluded from the platform’s services, reflecting the dynamic landscape of global regulatory and compliance requirements.
VPN Usage and Refund Policy
While VPNs are permitted, their use must not contravene legal jurisdictions or regulatory compliance, including the platform’s KYC procedures. Consistent with its commitment to transparency and fairness, The Breakout Edge does not offer refunds, as detailed in the Terms and Conditions.
Trading Conditions and Taxes
Traders are allowed to engage in trading during news events, acknowledging the potential for increased volatility and spread widening. It’s also crucial for traders to be aware of their tax obligations regarding payouts, as these are subject to the regulations of their respective jurisdictions.
Live Trading Environment
The Breakout Account stage offers a live trading environment with notional funds, incorporating measures to prevent latency arbitrage and ensure fair trading practices. This approach is complemented by sourcing liquidity from Bybit and providing a proprietary trading terminal for an enhanced trading experience.
Trading Platform, Hours, and Order Execution
Available 24/7 for crypto trading, The Breakout Edge’s trading platform facilitates trading through a modern, in-house terminal accessible via web, desktop, and mobile applications. Traders are advised to manage their expectations around limit orders, considering factors such as spread and market liquidity to optimize order execution.
The Breakout Edge presents a compelling proposition for traders looking to navigate the volatile world of cryptocurrency trading. With its structured evaluation process, the platform sets a high standard for entry, ensuring that only those with proficient trading skills and a solid understanding of risk management can access a Breakout Account.
The provision for crypto payouts not only aligns with the modern trader’s preferences but also enhances the flexibility and accessibility of the platform. Adherence to KYC procedures and compliance with global financial regulations underscores The Breakout Edge’s commitment to operating within the legal framework, ensuring a secure and transparent trading environment. While the exclusion of certain jurisdictions might limit access for some potential traders, it reflects the platform’s responsiveness to the evolving regulatory landscape.
The policy of not offering refunds is balanced by clear communication of terms and the establishment of a fair and transparent trading environment. The allowance for trading during news events, coupled with support for VPN use under specific conditions, demonstrates an understanding of traders’ needs and challenges. Operating in a live trading environment with notional funds, The Breakout Edge offers an authentic trading experience. This is further enhanced by the implementation of a slight delay to prevent latency arbitrage, ensuring fairness among all traders.
The sourcing of liquidity from Bybit and the availability of a proprietary trading terminal across multiple devices cater to the technical and practical needs of today’s traders. In conclusion, The Breakout Edge is a platform that balances the demands of high-stakes cryptocurrency trading with the need for rigorous risk management, transparency, and compliance. Its policies, from KYC to payouts, are designed with the trader’s success and security in mind, making it a noteworthy choice for those looking to elevate their trading journey in the cryptocurrency markets.
