Crypto Trading Veterans Launch Breakout, an Innovative Prop Trading Firm

11/29/2023, 5:00 PM (Source: Newsfile Corp)

Dubai, United Arab Emirates--(Newsfile Corp. - November 29, 2023) - Breakout Trading Group ("Breakout"), an evaluation-based prop trading firm founded by four crypto industry veterans, has announced its launch.

Outlining a commitment to transparency, the company offers traders a novel crypto trading experience defined by deep liquidity, tight spreads and robust risk management.

The firm offers a prop trading experience across global markets, including forex, commodities and indices. In addition to directly sourcing crypto liquidity from centralized exchange Bybit to ensure trades are executed in a realistic, centralized exchange-like manner, Breakout works with ThinkMarkets, a leading FCA and ASIC-regulated FX broker.

While many other evaluation-based prop firms source crypto liquidity via FX brokers, Breakout leverages its proprietary technology stack, replicating a leading cryptocurrency exchange’s liquidity in a simulated environment for evaluations and live trading environment for funded traders.

"Our goal is to launch the most competitive crypto prop trading experience across the entire industry," says Breakout co-founder Alex Miningham. Beginning in 2008, Alex founded and ultimately led several data-focused technology startups through acquisition before shifting his focus to crypto where he's been an active angel investor and venture capitalist since 2017.

"In addition to our differentiated product and execution environment for crypto, we're committed to becoming the most transparent and user-friendly prop trading firm in the market."

At launch, Breakout will provide users with clear rules and trader-focused customer service, pledging to share comprehensive statistics on an ongoing basis. Monthly data points will include essential prop trading metrics, such as challenge pass and failure rates, total number of challenges taken, payout totals, and more.

"With Breakout, we want to empower traders with the best trading environment, offering superior liquidity, a modern in-house trading terminal, and speedy execution," says co-founder Dylan Loomer, also known as TraderMayne, a successful trader across crypto and other global markets since 2013.

In addition to offering trusted solutions like MT4/MT5, Breakout is launching with its own custom application available on desktop as well as the Apple App Store and Google Play.

The company's founders are trading and investment veterans with extensive experience and a deep understanding of the trading landscape. In addition to Miningham and Loomer, the founding team includes CryptoCred and Abetrade, both of whom bring a wealth of trading experience and risk management expertise to the business.

With its commitment to a best-in-class trading environment, Breakout Prop aims to empower successful traders and set a new standard for the industry.

About Breakout Prop

Breakout is a pioneering prop trading firm that offers a welcoming environment for traders of cryptocurrency, FX and indices. With a focus on tight spreads, strong risk management and superior liquidity thanks to direct tier-1 crypto exchange integration, Breakout seeks to completely redefine standards across the prop trading industry.

Website: breakoutprop.com

Twitter: @breakoutprop

Contact: Alex Miningham, admin@breakoutprop.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/189043