Breakaway Information
Breakaway is an online financial trading platform that provides 400+ instruments CFDs on stocks/indices/metal/commodities/currency pairs/cryptocurrency. It also provides 24/7 support in multiple languages and free tools such as trading calculator, and economic calendar. It also provides high leverage up to 1:1000 and three account types. The minimum deposit is $10
Pros and Cons
Is Breakaway Legit?
Breakaway is regulated by ASIC in Australia, with the license number 001311740.
What Can I Trade on Breakaway?
Traders will trade CFD stocks and ETF products on Breakaway.
Account Type
Breakaway offers real accounts and free demo accounts. Generally, demo accounts are more friendly to novices. Traders only need to enter their name, contact information, and password to register a real account for trading.
Breakaway Fees
Breakaway offers competitive spreads according to the account type.
Specifically, the Micro account initiates spreads from 1.5 pips, while the Standard account presents reduced spreads starting from 1.2 pips.
The ECN account goes further to offer as low as 0 pips. The Customize account, on the other hand, provides scalable spreads which start from a minimum of 0 pips.
Leverage
Breakaway leverage is as high as 1:1000. For traders, it has relatively high trading leverage and requires more risks.
Trading Platform
Breakaway allows traders to trade via the MT5 trading platform.
Traders can download different versions of MT5, including the desktop, iOS, and Android versions, to implement online trading.
Deposit & Withdrawal
The minimum initial deposit requirement at Breakaway is reportedly only $10. However, the broker has not explicitly mentioned the acceptable methods for deposit and withdrawal.
Nevertheless, based on the banks and electronic wallets displayed as partners on their official website, we can deduce that the deposit and withdrawal methods are probably associated with them. These partners include entities like Maybank, PermataBank, bKash, and others.
Customer Support Options
Breakaway provides two contact methods, phone, and email, and provides 24/7 customer support.
The Bottom Line
Breakaway provides free trading tools for traders, including demo accounts, to facilitate user trading. However, users need to be aware that the high-leverage products it provides carry relatively high risks.
FAQs
Is Breakaway legit?
Yes, Breakaway operates legally.
Is demo trading available at Breakaway?
Yes. It offers risk-free demo accounts.
Does CentFX offer MT4/5?
Yes. It offers MT5 for desktop, mobile and web.
What's the minimum deposit required by Breakaway?
$10.
Australia
FX1598391252
Japan
It's been three days and the withdrawal hasn't been processed. The customer service just keeps saying 'wait', it's the same response every day.
Exposure
FX6845073
Singapore
I deposited money to trade international futures with them. On December 24, 2024, I submitted a withdrawal of $10,000, but it said the withdrawal failed. The customer service dragged on and did not process it. All the account managers I contacted lost contact.
Exposure
asdaaaaaaa
France
Approved, but funds not received and customer service is unresponsive.
Exposure
FX3379005274
Taiwan
There is an auto-copy trading feature, and the strategy with code 506, which combines Martin with FVG, has been quite stable in actual tests so far. However, the data from the copy trading system seems a bit off. Withdrawals are normal, and if only counting working days (Monday to Friday), the funds arrive in the account within 1 day. The first drawback is that the spread for gold is around 0.6, which is relatively large compared to others. The second drawback is that there is a 1% fee for withdrawals, which is quite high. But overall, there are no issues with using it, at least for now. Below are the withdrawal records and the performance of the auto-copy EA from 9/6 to 9/18. I had already deposited funds, but after seeing rumors that withdrawals might be blocked, I got scared and immediately tried to withdraw, and it went through normally. Since I have two trading accounts, I initially wanted to withdraw from the second one as well, but they said the funds were under review and couldn’t be withdrawn, which made me even more nervous. Thankfully, everything turned out fine. I joined this broker with the intention of copy trading, and so far, there have been no issues.
Neutral
FX2548607172
Taiwan
Quick deposits and withdrawals, been using it for a long time, operates in a trustworthy manner~ Stable trading environment, very friendly.
Positive
FX1580730699
Hong Kong
MT5 software does not lag, very smooth
Positive
FX1506298051
Hong Kong
The trading software MT5 is smooth to use, and the experience is also good.
Positive
FX2115348976
Taiwan
Deposits and withdrawals are super convenient and fast, especially withdrawals, which are basically received within a day. Thank you for such efficient service on the platform.
Positive
FX2115348976
Taiwan
Withdrawal speed is super fast, if you submit in the morning, you will basically receive it in the afternoon at the fastest. Even if it's a bit slower, you will receive the funds within 1-2 days.
Positive
FX9955428222
Taiwan
Peace of mind without slippage, customer service responds super quickly, have been using it for several years~ successfully withdrawn funds~ thank you platform!
Positive
FX1451047606
Taiwan
Great platform, fast withdrawal, very convenient for copy trading.
Positive
FX1589154637
Hong Kong
Easy to use
Positive
韓利
Taiwan
Fast withdrawal, I have withdrawn several times and the funds arrived in one or two days. The fastest time was on the same day.
Positive
FX1576455741
Taiwan
Deposits and withdrawals are fast and convenient, with high-quality and prompt customer service! Rest assured and guaranteed!
Positive
FX5535340852
Hong Kong
Customer service is patient, deposits and withdrawals are all credited normally.
Positive
6655818
Taiwan
Their copy trading is super convenient, but they still charge an annual fee of 6000 for the EA.
Neutral