Alex Miningham has received numerous allegations of being a scammer. He and his prop firm are gaining notoriety for scamming unsuspecting traders.
When I did some digging, I found a large number of legit complaints against Alex and BreakOut.
I hope my post will generate awareness against Alex Miningham and help people avoid BreakOut:
What Alex Miningham Claims:
In a world where most proprietary trading firms impose strict rules, payout delays, and complex evaluation systems, Breakout is carving a new path one built entirely around crypto and speed. Designed by crypto-native traders, Breakout positions itself as the go-to firm for digital asset traders seeking full transparency, daily payouts, and fewer limitations on trading strategies. Whether you’re an experienced futures trader or a crypto enthusiast looking to scale your capital, Breakout promises a frictionless, highly flexible trading experience. Here’s an overview of what makes this firm stand out and why it’s generating serious buzz among the trading community.
Instant Access to Your Profits: Daily, On-Demand Payouts
Breakout sets itself apart as the only prop firm offering true daily payouts. Traders can request their profits whenever they want, multiple times a day if needed, and receive funds directly in USDC via an ERC-20 wallet. This means no delays, no intermediaries, and most importantly, no extended KYC procedures to slow things down.
The minimum payout amount is just $50, making it accessible for traders of all account sizes. This fluid, crypto-native approach means your profits are always within reach, on your schedule, not the firm’s.
Perhaps most impressively, Breakout boasts zero lifetime payout denials. Every trader who’s earned a payout has received it, a track record unmatched in the industry. Add to that the fact that there is no profit cap, and traders are empowered to scale earnings without fear of arbitrary limits.
Crypto at the Core: Built by and for Crypto Traders
Unlike traditional prop firms that bolted on crypto support as an afterthought, Breakout was built entirely around it. The platform was designed from the ground up by traders immersed in the digital asset space. This results in a trading environment that reflects deep market understanding, rapid token support, and seamless integration with major centralized exchanges.
Breakout supports USDT perpetual futures with top-tier liquidity sourced from Binance, OKX, and Bybit. The result? Low spreads, excellent execution speed, and institutional-grade infrastructure—everything a professional crypto trader expects from a premium trading venue.
A Simplified, Trader-First Evaluation Process
Breakout offers a refreshingly simple evaluation process. Traders can qualify for a funded account in just one step, with no minimum trading days required. In fact, it’s possible to pass the evaluation with just a single well-executed trade.
Even more compelling is the absence of restrictive rules that limit creativity or strategy. Breakout removes common prop firm constraints, offering a more liberated trading experience:
- No anti-gambling rules
- No profit caps
- No consistency requirements
- No reverse trading restrictions
- No news trading bans
- No one-sided betting penalties
- No negative margin or equity rules
This approach gives traders the freedom to follow their edge—whatever that edge may be. Whether you’re trading reversals, news events, scalping, or swing setups, Breakout lets you execute without micromanagement or interference.
Superior Market Environment and Execution
When it comes to trading conditions, Breakout delivers a premium experience. Traders get access to deep liquidity, tight spreads, and real-time execution through partnerships with top centralized exchanges. Unlike platforms that rely on simulated environments or third-party order routing, Breakout ensures that every trade benefits from real-world market transparency.
Another advantage is Breakout’s fast token onboarding. As new crypto assets gain traction, they’re quickly integrated into the platform, giving traders first-mover access to trending pairs. This agility gives Breakout a competitive edge for traders looking to capitalize on volatility and market narratives.
Conclusion
Breakout isn’t just another prop firm—it’s a reimagined trading platform built around speed, flexibility, and crypto-native values. With daily on-demand payouts, no payout denials, a one-step evaluation, and minimal trading restrictions, it empowers traders to focus on performance without bureaucratic friction.
By combining the transparency of centralized exchanges with the convenience of crypto payments, Breakout offers a modern trading experience that reflects where the industry is heading. For traders who are tired of outdated rules, long waits, and corporate red tape, Breakout offers a welcome alternative—and one that puts the trader first.
Complaints on Alex Miningham’s BreakOut Prop Firm
#1. DO NOT BUY THIS PROP FIRM, AS THEY ARE A SCAM in your eyes! ALL OF THE REVIEWS ARE A FRAUD! Their terminal is designed in such a way that it will not allow you to make any money, even if you are a successful trader. Every single minute, the screens lock up. The failure to display profit and loss. Changes in the numbers occur on their own. THE PROP FIRM MUST BE QUIETED DOWN!
#2. Trading conditions that are the worst ever!
A business that is meant to make you feel like you can’t compete? What I say is not a product of my imagination because I have four years of experience. It will come as a complete surprise to you to witness how approximately twenty percent of your gains will vanish out of thin air from your winning transactions, while the opposite will occur in your loss deals! The amount of money you lose will go up miraculously! I don’t know what else to say.
Red Flags in Alex Miningham’s BreakOut Prop Firm
BreakOut, founded by Alex Miningham, markets itself as a cutting-edge proprietary trading firm centered on cryptocurrency futures. With enticing features like daily payouts, a low minimum withdrawal, and a streamlined evaluation process, it’s been grabbing attention. But beneath its shiny veneer, there are significant concerns—from potential payout issues to execution problems and rule ambiguity. Here’s a detailed look at the red flags that should make every trader pause before committing capital.
1. Too-Good-To-Be-True Payout Guarantees
BreakOut prides itself on offering daily, on-demand payouts directly to a trader’s USDC ERC-20 wallet, boasting no denials and no delays. While this promise is compelling, history warns us that payout guarantees can be misleading. Many firms latch onto early success stories and then quickly scale back when real capital begins flowing. There is no guarantee long-term liquidity will remain consistent, and sophisticated traders know that once payout volume increases, platforms often introduce delays, introduce fees, or quietly impose hurdles like freeze periods or manual approval cycles.
2. No-Questions-Asked Withdrawal Policy—But With Hidden T&Cs
Promising unlimited, hassle-free withdrawals is catchy marketing, but can also be a mask for subtle terms and conditions. What’s not broadcast: how many withdrawals are truly permitted, whether there’s a minimum withdrawal interval, or if wallet changes require fresh KYC checks. Traders have reported other firms limiting withdrawals per month or imposing withdrawal maximums to hedge institutional risk. Without transparent documentation of withdrawal mechanics, the door remains open for unexpected restrictions at the worst possible moment.
3. Over-Simplified Evaluation Sounds Risky
BreakOut offers a one-step evaluation that takes just one trade—no minimum trading days or complicated objectives. On paper, this is revolutionary. But it also raises questions: How robust is their risk filter? With no minimum duration, one trade could satisfy the requirement, allowing quick access to capital. The firm may then monitor live accounts closely and revoke funded status if it judges a strategy risky or untested—effectively trapping traders who looked successful but didn’t display enough real-world behavior to earn trust.
4. Trading Freedom Can Invite Rule Ambiguity
BreakOut advertises zero restrictions—no anti-gambling rules, no news trading bans, no consistency checks. While freedom is appealing, it can create gray areas ripe for selective enforcement. Prop firms that position no-limits policies often keep discretionary authority to decide what’s allowed. Traders may find their favorite strategies unexpectedly penalized, or be accused of over-leveraging styles they thought were encouraged. With ambiguous policy, traders lose bargaining power, and any denial or de-scaling can be justified retroactively
5. Platform and Execution Concerns
BreakOut uses centralized exchange (CEX) liquidity from Binance, Bybit, OKX and claims low-latency execution. Yet the CEX space is notorious for issues—latency spikes during major events, sudden liquidity drops, or variable operational quality. Traders have reported delayed fills, slippage during volatility, and even order de-synchronization between the platform UI and the exchange account. These glitches may appear minor in a demo, but during live trading, could mean the difference between passing or failing.
6. Crypto-Only Model Raises Asset Risk
While the crypto-only model is BreakOut’s unique selling point, it also brings elevated risk. Crypto markets are volatile, less regulated, and susceptible to counterparty and exchange risk. Funds held in USDC on an ERC-20 wallet are not FDIC-insured. The platform’s reliance on CEXs means that a major black swan event—exchange hack, regulatory freeze, or liquidity shock—could severely impact traders’ access to profits or the firm’s ability to payout. Prop firms built on traditional assets generally have more reliable infrastructure and established safeguards.
7. Profit Split Advertised—but What About Fees?
BreakOut promotes uncapped profit potential and direct withdrawals. However, traders should ask: are there platform fees, index tracking fees, or audit charges? Many firms across asset classes lure users with headline profit splits while quietly deducting recurring fees. These deductions can quietly erode profitability over time, especially in a volatile environment like crypto, where profits may be offset by unexpected charges. In short, an 80/20 split looks great on the surface—but without clarity, it may be much less.
8. Limited Transparency on Scaling and Oversight
BreakOut’s ethos centers on freedom, but that can translate to discretionary scaling decisions. Without an explicit scaling framework, traders may see their accounts capped or downgraded without warning. Historically, some firms limit or withdraw funding when profits exceed their own risk appetite—even if the trader is well within risk parameters. With no published audit, no third-party oversight, and a self-regulated internal environment, the firm can prioritize capital preservation over fairness.
9. What Happens During Stress Tests or Market Corrections?
Crypto is unpredictable, and proprietary trading requires stress-tested backends. Under extreme market conditions, systems can fail, margin calls may glitch, and support often drops off. Trading firms that lean on aggressive ROIs may buckle precisely when traders need consistent execution. Evidence from past crypto-walled firms shows that some collapse or freeze accounts during spikes, lock withdrawals citing liquidity concerns, or develop new rule clauses on the fly. BreakOut’s resilience in those scenarios remains unproven.
10. No Path for Dispute or Refund
Finally, the lack of a formal dispute or refund structure is a clear warning. Big firms offer documented escalation paths—ombudsmen, verified arbitrators, or third-party audits. BreakOut lacks all that. If your account is flagged, payout denied, or withdrawal delayed indefinitely, you’re dealing with a private system that enforces decisions unilaterally. That asymmetry heavily favors the platform, leaving traders vulnerable and without recourse.
Conclusion
BreakOut, under Alex Miningham, packages a seductive proposition: earn fast with full crypto freedom, daily payouts, and no rule book. While appealing, the model carries significant risks. The alluring “no policy” feel conceals ambiguity and discretionary control. High volatility, internal opacity, and lack of trader protection pose real danger to capital and trust. Anyone considering BreakOut should proceed with extreme caution—fully vet the fine print, understand withdrawal mechanics, probe every policy limit or exception, and start small. Because once you begin funding live positions, you may be locked into a system that values profit above trader success.
