PerpsOnlyBreakout / Kraken Prop vs HyroTrader: Simulated Perps Prop Firm Comparison
Simulated capital
Based on the firm's published rules, terms and public evidence, checked on 2026-11-03.
1. Overview
Breakout and Kraken Prop are two storefronts on one rules engine, owned by Payward (Kraken). HyroTrader is a separate firm with an exchange-demo API model. Both sell crypto perps evaluations on simulated capital, and neither firm's public terms describe real-capital trading.
| Area | Breakout / Kraken Prop | HyroTrader |
|---|---|---|
| Venue type | Simulated (perps-data sim) | Simulated (exchange-demo via API, plus in-house sim terminal) |
| Evaluation models | 1-Step (Classic, Pro, Turbo); Kraken Prop names them Starter, Intermediate, Advanced | Zero-Step, One-Step, Two-Step |
| Profit split | 80% standard; 90% for +20% on the fee | 80% standard; up to 90% at the firm's discretion |
| Payout rails | USDC (ERC-20) for Breakout; USD or USDG for Kraken Prop | USDT or USDC |
| Payout cap per request | None stated | 5% of starting balance per request |
| Trustpilot | 4.7 from 1,253 reviews | 4.0 from 229 reviews |
2. Venue Type
- Breakout / Kraken Prop: Breakout Terminal (Breakout) or Kraken Pro (Kraken Prop). Kraken Prop's page describes a "simulated trading environment" and "60+ crypto pairs" plus commodities (Kraken Prop).
- HyroTrader: Bybit demo (700+ USDT perpetuals, up to 150x on BTC/ETH) and BloFin demo (80+ USDT-M pairs, up to 150x on BTC/ETH) via API. The Hyro platform (700+ pairs, "up to 100x+, depending on the pair") runs on Bybit market data. Tealstreet and Tiger.com run on Bybit market data (HyroTrader homepage).
- Why it matters: HyroTrader's API route puts the trader's orders into an exchange's demo matching engine. Breakout's fills are modelled on third-party data. Both are simulated, and neither is live exchange execution.
3. Pricing
Evaluation Fees (USD)
| Account size | Breakout / Kraken Prop: Classic / Starter | Breakout / Kraken Prop: Pro / Intermediate | Breakout / Kraken Prop: Turbo / Advanced | HyroTrader: One-Step (refundable deposit) | HyroTrader: Two-Step (refundable deposit) | HyroTrader: Zero-Step (non-refundable) |
|---|---|---|---|---|---|---|
| $5,000 | $45 | $33 | $20 | $69 | $59 | $89 |
| $10,000 | $85 | $65 | $40 | $129 | $119 | $169 |
| $25,000 | $215 | $150 | $95 | $299 | $249 | $379 |
| $50,000 | $400 | $280 | $180 | $499 | $379 | $629 |
| $100,000 | $800 | $545 | $330 | $749 | $579 | $949 |
| $200,000 | Not listed on the page checked | $1,090 | $660 | $1,299 | $969 | Not offered |
Sources: Kraken Prop fee schedule (checked 2026-11-04) for Breakout / Kraken Prop; HyroTrader pricing blog (checked 2026-11-04) for HyroTrader. Breakout's own checkout prices were not verified from its site. The 90% split upgrade on Kraken Prop adds 20% to the fee.
- Cost per $1k at $100K: Breakout / Kraken Prop Classic $8.00, Pro $5.45, Turbo $3.30. HyroTrader One-Step $7.49, Two-Step $5.79, Zero-Step $9.49. Each row compares different evaluation types, so read the table with care.
- Refunds: HyroTrader's One-Step and Two-Step deposits are returned with the first payout. Breakout / Kraken Prop fee refundability is not stated in the sources checked; Kraken points to the refund policy shown at checkout.
- Account size conflict: HyroTrader's relaunch post says sizes run "from $5,000 to $100,000", but its pricing post and homepage include $200K, which we treat as current (checked 2026-11-04) (HyroTrader relaunch post).
4. Drawdown and Trading Rules
| Item | Breakout / Kraken Prop | HyroTrader |
|---|---|---|
| Daily loss limit | 3%, balance-based. Open positions are excluded. Resets at 00:30 UTC (Breakout help 11644066). | Zero-Step 3%, One-Step 4%, Two-Step 5%. Measured from equity at 00:00 UTC (HyroTrader relaunch post). |
| Max drawdown | Static from the initial balance, in both evaluation and funded stages: Classic 6%, Pro 5%, Turbo 3% (Breakout help 11644076; 11643732). | Static from the initial balance: Zero-Step 5%, One-Step 6%, Two-Step 10%. Trailing was removed in the October 2026 relaunch (relaunch post). |
| Profit target | Classic 10%, Pro 12%, Turbo 9% (plan mapping on Kraken Prop) | Zero-Step 10%, One-Step 10%, Two-Step 10% then 5% (HyroTrader homepage) |
| Minimum trading days | None stated | Zero-Step 1, One-Step 5, Two-Step 5 + 5 (HyroTrader homepage) |
| Consistency rule | None stated (Kraken Prop FAQ) | Zero-Step only: no single trade may count for more than 50% of the target |
| Time limit | None stated | No time limit, but the account closes after 30 days without a trade (HyroTrader homepage) |
| Other limits | Prohibited practices include latency or price-error exploitation, front-running, copying third-party signals, cross-account hedging, and high-risk ADL-prone strategies (Breakout help 11647201) | Low-cap altcoins (market cap under $100M) are limited to under 5% of the starting balance, including leverage (HyroTrader homepage) |
| Leverage | BTC 10x; ETH, SOL and others 5x; mid-caps 3x; small-caps 2x. Kraken Prop advertises "Up to 5x" on its prop page (checked 2026-11-04); the Breakout help page does not mention Kraken Prop (Breakout help 11647198) | Up to 150x on BTC and ETH (Bybit and BloFin demo); up to 100x+ on the Hyro platform, per pair (HyroTrader homepage) |
| Weekend holding | Allowed on funded accounts (Breakout help 11647205) | Allowed on funded accounts per HyroTrader's own blog (marketing copy; no terms page found) (HyroTrader blog, via search 2026-11-04) |
5. Payout Rails, Speed and Caps
| Item | Breakout / Kraken Prop | HyroTrader |
|---|---|---|
| Speed claim | Breakout: approval takes 12–24 hours, "usually much quicker" (Breakout help 11647224). Kraken Prop: review "typically under 12h" and "guaranteed within 24h" (Kraken Prop FAQ). | "Within 24 hours, with no fees" (HyroTrader homepage). |
| Rail | Breakout: USDC (ERC-20) to an external wallet (Breakout help 11647229). Kraken Prop: USD or USDG by internal transfer to the Kraken Pro wallet (Kraken Prop FAQ). | USDT or USDC (HyroTrader homepage) |
| Minimum | Breakout: $50 after split (Breakout help 11647230). Kraken Prop: none stated. | Net profit of at least $100 after split (HyroTrader homepage) |
| Frequency | On demand, including weekends, with no open positions | On demand, any day including weekends, processed within 24 hours of request; minimum $100, cap 5% of initial balance per payout (fetched 2026-11-04) (HyroTrader payout page) |
| Per-request cap | None stated | 5% of the starting balance per request. Profit above the cap is "cleared from the account unpaid" when the payout goes out (HyroTrader pricing blog) |
| Track record | Trustpilot complaints concern fees and slippage, not payout denials (Trustpilot) | Self-reported: over $8.9M paid since 2023 and 98.7% of payouts sent within a day. Not verified (HyroTrader relaunch post) |
HyroTrader payout cap: The 5% cap per request is the main payout caveat. A trader with a $100,000 account can withdraw at most $5,000 per request. Profit above that is cleared unpaid. Withdrawing more often is the only way the cap leaves less profit behind (HyroTrader pricing blog).
6. Platform and User Experience
- Breakout / Kraken Prop: Breakout Terminal, or Kraken Pro for Kraken Prop. Our sources did not describe the charting, order types or mobile apps for either storefront.
- HyroTrader: Choice of Bybit demo, BloFin demo, the in-house Hyro platform, Tealstreet or Tiger.com. Tealstreet and Tiger.com are not available in the US (HyroTrader FAQ).
- Automation: HyroTrader lets AI agents (Claude or MCP-compatible) connect, and prohibits copy trading and purchased or third-party systems (relaunch post). Breakout's published rules prohibit copying third-party signals (Breakout help 11647201).
- Not assessed: Fill quality, slippage and latency for either firm, because we have no public data for them.
7. Trust, Ownership and Track Record
| Item | Breakout / Kraken Prop | HyroTrader |
|---|---|---|
| Owner / entities | Payward (Kraken) acquired Breakout effective 2025-09-01 (Payward press release). Evaluation: Breakout Trading Group, LLC. Funded: Payward Oceanic, Ltd (Breakout help 11647295). | Platform provider: HYRO TECHNOLOGIES FZ-LLC (UAE). Funded contracting entity: HYROTRADER TECHNOLOGIES LTD (BVI) (HyroTrader terms). |
| Trustpilot | 4.7 from 1,253 reviews (checked 2026-11-04). The page carries a Trustpilot label that the business "may be associated with high-risk investments" (Trustpilot). | 4.0 from 229 reviews. 1-star reviews cite back-office delays, spread fees and drawdown closures (Trustpilot). |
| Payout-denial evidence | No verified payout-denial reports found (TheTrustedProp, secondary) | One anonymous "payout denied" account, cited by a secondary source (PropScorer, secondary). Another tracker reports none (TheTrustedProp, secondary). |
| Regulators | No warnings found in a web search run 2026-11-04 (regulator databases could not be queried directly). Yahoo reports that Kraken Prop is described as unregulated (Yahoo Finance, secondary). | No warnings found in a web search run 2026-11-04. The regulator databases could not be queried directly; an FCA alert for a different firm, HYBITRADER, is not HyroTrader. |
| Track record | Kraken acquired Breakout effective 2025-09-01. Kraken Prop launched 2026-05-27 (Kraken Prop). | Relaunched in October 2026 with new challenge models (relaunch post). CLEO is closed to new purchases. |
8. HyroTrader Caveats
- October 2026 relaunch: Challenge models, platforms and drawdown rules changed in the relaunch. Pre-relaunch third-party prices and rules are out of date (relaunch post).
- 5% payout cap per request: Profit above 5% of the starting balance is cleared unpaid when a payout goes out (pricing blog).
- Affiliate terms (for partners, not traders): HyroTrader's affiliate terms say the programme does not confer "lifetime, recurring, residual or perpetual commission" (§5.5). Commission is 10–15% as standard, with up to 40% by agreement (affiliate terms). This page has no affiliate links.
9. Scorecard
Both firms are scored on the PerpsOnly rubric. Weights: Cost 20%, Rules 25%, Payouts 25%, Platform 15%, Trust 15%. Method: /methodology.
| Pillar | Weight | Breakout / Kraken Prop raw | Weighted | HyroTrader raw | Weighted |
|---|---|---|---|---|---|
| Cost & Fees | 20% | 7.0 |
1.400 |
8.0 |
1.600 |
| Trading Rules & Drawdown | 25% | 8.5 |
2.125 |
7.5 |
1.875 |
| Payouts | 25% | 8.0 |
2.000 |
6.0 |
1.500 |
| Platform & Execution | 15% | 6.0 |
0.900 |
7.5 |
1.125 |
| Trust & Track Record | 15% | 8.5 |
1.275 |
6.5 |
0.975 |
| Overall | 100% | — | 7.70/10 |
— | 7.08/10 (7.075, rounded) |
| Tier | Recommended (7.5–8.9) | Average (6.0–7.4) |
Scoring notes:
- Cost: Breakout / Kraken Prop has a lower Turbo cost per $1k ($3.30 at $100K), but its Classic cost ($8.00) is above HyroTrader's One-Step ($7.49) and Two-Step ($5.79), and its fee refundability is not stated. HyroTrader's refundable deposits on One-Step and Two-Step earn credit.
- Rules: Breakout's static drawdown, no consistency rule and no time limit score higher. Its restrictions on latency, hedging and signal copying lower it slightly. HyroTrader's static drawdown is offset by the 30-day inactivity closure, the 5% altcoin cap and the Zero-Step 50% trade rule.
- Payouts: Breakout has an 80% split (90% upgrade) and a $50 minimum. Speed claims (Breakout's 12–24 hours, Kraken Prop's under 12 hours and 24-hour guarantee, HyroTrader's 24 hours) are each firm's own and are not independently verified. HyroTrader's 5% per-request cap is the main reason for its lower payout score.
- Platform: HyroTrader's exchange-demo API route scores higher on platform. Both are simulated, so neither gets a full score.
- Trust: Breakout's Kraken ownership and Trustpilot count score higher. HyroTrader's 4.0 rating and October 2026 relaunch lower its trust score.
What the scores do and do not show
- The scores rank the two firms on the PerpsOnly rubric only. They do not measure profit, trader success or how your own trading would go.
- The highest scorecard score on this page is Breakout / Kraken Prop, at 7.70 against HyroTrader's 7.08.
- Both firms are simulated. A higher score does not mean either account trades real capital.
Based on each firm's published rules, terms and public evidence, checked on 2026-11-03, with items re-checked on 2026-11-04 as dated above. PerpsOnly is an independent review site. This page has no affiliate links; any we add later will be disclosed.
Corrections: send a correction via our contact form (/contact).