Breakout Prop Firm and PaidPex are two proprietary trading firms offering traders access to funded accounts, but they differ significantly in their evaluation processes, trading platforms, and overall trader support. While Breakout Prop Firm focuses exclusively on cryptocurrency trading, PaidPex provides a more comprehensive and versatile approach, making it the better choice for most traders. Below is an in-depth comparison of the two firms, highlighting why PaidPex stands out as the superior option.
1. Evaluation Process
Breakout Prop Firm
- Structure:
- Offers a one-step and two-step evaluation process.
- Traders must achieve a 10% profit target in the initial phase.
- No time limits for completing the evaluation, allowing traders to proceed at their own pace.
- Risk Management Rules:
- Daily Loss Limit: Capped at 4% of the prior day’s balance, which includes unrealized losses.
- Maximum Drawdown: Fixed at 10%, limiting flexibility during volatile market conditions.
- Account Sizes:
- Offers accounts ranging from $5,000 to $100,000.
- Leverage:
- Cryptocurrency leverage is limited to:
- 5:1 for Bitcoin (BTC) and Ethereum (ETH).
- 2:1 for altcoins.
- Cryptocurrency leverage is limited to:
PaidPex
- Structure:
- Simplifies the process with a single-phase evaluation requiring an 8% profit target.
- No minimum trading days, enabling traders to request funding as soon as the target is met.
- Risk Management Rules:
- Daily Loss Limit: 4% of the starting balance, without including unrealized losses, offering more breathing room.
- Maximum Drawdown: 8%—less restrictive than Breakout’s 10%.
- Account Sizes:
- Provides funding for accounts up to $250,000, with opportunities to scale further.
- Leverage:
- Offers leverage of 1:100, accommodating traders who employ larger positions or advanced strategies.
Why PaidPex is Better:
- PaidPex’s single-phase evaluation process reduces complexity and allows traders to achieve funding more quickly.
- Higher leverage (1:100) and less restrictive risk rules provide greater flexibility and room for strategic trading.
2. Profit Sharing and Payouts
Breakout Prop Firm
- Profit Split:
- Starts at 80% for funded traders.
- Can increase to 90% with add-ons or up to 95% through a scaling plan.
- Payout Frequency:
- Bi-weekly payouts with a processing time of 3-5 business days.
- Profit Deductions:
- Some traders report unclear deductions from payouts, reducing net earnings.
PaidPex
- Profit Split:
- Starts at 85%, increasing to 90% for consistent and high-performing traders.
- Higher splits are available from the outset without requiring additional purchases or scaling plans.
- Payout Frequency:
- Processes payouts within 18 hours, one of the fastest in the industry.
- Profit Deductions:
- Transparent fee structure with no hidden charges.
Why PaidPex is Better:
- PaidPex offers higher starting profit splits and a transparent structure.
- Faster payout processing ensures traders can access their earnings quickly, enhancing trust and reliability.
3. Trading Platforms and Instruments
Breakout Prop Firm
- Platform:
- Utilizes a proprietary trading platform called the Breakout Terminal.
- Includes basic features like advanced order types and TradingView charts.
- Lacks support for widely used platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
- Instruments:
- Focuses exclusively on cryptocurrencies, offering over 100 assets, including major coins, altcoins, and perpetual futures contracts.
PaidPex
- Platform:
- Supports industry-standard platforms such as MT4, MT5, and its own proprietary tools.
- Includes advanced analytics and AI-driven trading assistants to help traders optimize their strategies.
- Instruments:
- Offers a wide range of tradable instruments, including:
- Forex
- Indices
- Commodities
- Cryptocurrencies
- Stocks
- Offers a wide range of tradable instruments, including:
Why PaidPex is Better:
- PaidPex provides access to industry-standard platforms that cater to experienced traders and allow for custom indicators and expert advisors.
- The broader range of instruments gives traders more opportunities to diversify their strategies and maximize profitability.
4. Customer Support and Transparency
Breakout Prop Firm
- Customer Support:
- Limited availability through email and live chat.
- Slower response times during high-traffic periods.
- Transparency:
- Reports of vague policies, particularly regarding payout deductions and scaling plans.
PaidPex
- Customer Support:
- Offers 24/7 support through multiple channels, including live chat, email, and phone.
- Known for prompt and personalized assistance.
- Transparency:
- Provides clear and detailed documentation for all rules, profit-sharing structures, and risk parameters.
Why PaidPex is Better:
- PaidPex’s 24/7 customer support ensures that traders can resolve issues quickly.
- Transparent policies foster trust and provide clarity on all aspects of the trading process.
5. Reputation and Community Feedback
Breakout Prop Firm
- Reputation:
- Established in late 2023, Breakout is a relatively new firm with limited operational history.
- Community Feedback:
- Mixed reviews, with traders praising the cryptocurrency focus but criticizing the platform and transparency.
PaidPex
- Reputation:
- A well-established firm with a strong track record in the proprietary trading space.
- Community Feedback:
- Positive reviews emphasize fast payouts, advanced tools, and a supportive trader environment.
Why PaidPex is Better:
- PaidPex’s proven track record and consistent positive feedback make it a safer and more reliable choice for traders.
Conclusion
While both Breakout Prop Firm and PaidPex provide opportunities for funded trading accounts, PaidPex clearly outshines Breakout in almost every category:
- Simpler Evaluation Process: PaidPex’s single-phase evaluation reduces complexity and allows traders to secure funding faster.
- Higher Leverage: With 1:100 leverage, PaidPex supports a wider range of trading strategies compared to Breakout’s restrictive leverage limits.
- Diverse Market Offerings: PaidPex’s inclusion of forex, indices, commodities, and stocks provides more opportunities for traders to diversify.
- Transparent Profit Splits and Fast Payouts: PaidPex’s higher splits and payouts within 18 hours offer unparalleled convenience and reliability.
- Proven Track Record: PaidPex’s established reputation and strong community feedback make it a more trustworthy option.
For traders looking for a comprehensive, transparent, and trader-friendly proprietary trading firm, PaidPex is the superior choice. Breakout Prop Firm may appeal to those exclusively focused on cryptocurrency trading, but its limitations and lack of flexibility make it less competitive overall.