Global Broker Regulation Inquiry App
WikiFX
Regulated
Score
0
1
2
3
4
5
6
7
8
9
.
0
1
2
3
4
5
6
7
8
9
0
1
2
3
4
5
6
7
8
9
/10
Breakaway
Australia
|
1-2 years
|
Regulated in Australia
|
Appointed Representative(AR)
|
MT5 Full License
|
Regional Brokers
https://breakaway-fx.com
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
Breakaway-Live
Hong Kong
2
Influence
C
Influence index NO.1
Taiwan 3.75MT4/5 Identification
MT4/5 Identification
Full License
2
Server Name
Breakaway-Live MT5
Server Location Hong Kong
Hong KongInfluence
Influence
C
Influence index NO.1
Taiwan 3.75Surpassed 50.10% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+44 2080 40 4141
support@breakaway-fx.com
https://breakaway-fx.com
Fortgate Offshore Investment and Legal Services Ltd. Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
Licenses
Licensed Entity：BREAKAWAY (AUST) PTY LTD
License No. 001311740
VPS Standard
No restriction on the broker account
Basic Information
Registered Region Australia
AustraliaOperating Period
1-2 years
Company Name
Breakaway Ltd.
Abbreviation
Breakaway
Company employee
--
Customer Service Email Address
support@breakaway-fx.com
Contact Number
+442080404141
Company Website
Company Address
Fortgate Offshore Investment and Legal Services Ltd. Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
WhatsApp
447537131483
Keywords 5
1-2 years
Regulated in Australia
Appointed Representative(AR)
MT5 Full License
Regional Brokers
16
Related Software
Biz Area
Website
Genealogy
Company Summary
Wiki Q&A
Comment
MT4/5
Full License MT5
0
MT4 Servers
1
MT5 Servers
37.50
Average execution speed/ms
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
Meta Trader 5
Perfect
Users who viewed Breakaway also viewed..
fpmarkets
8.88
Score
ECN Account Above 20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
fpmarkets
Score
8.88
ECN Account Above 20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
CPT Markets
8.51
Score
ECN Account 10-15 yearsRegulated in United KingdomMarket Maker (MM)MT4 Full License
CPT Markets
Score
8.51
ECN Account 10-15 yearsRegulated in United KingdomMarket Maker (MM)MT4 Full License
Official website
STARTRADER
8.57
Score
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
STARTRADER
Score
8.57
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
FXCM
9.34
Score
Above 20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
FXCM
Score
9.34
Above 20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
Website
bkaway-market.com172.67.152.215
breakaway-bullion.com172.67.132.132
breakaway-fx.com35.213.135.98
Genealogy
VIP is not activated.Open Now
Company Summary
| BreakawayReview Summary | |
| Founded | 2024-03-22 |
| Registered Country/Region | Australia |
| Regulation | ASIC AR |
| Market Instruments | 400+ instruments CFDs on stocks/indices/metal/commodities/currency pairs/cryptocurrency |
| Account Type | Micro, Standard, ECN, Customize |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | As low as 0 |
| Trading Platform | MT5 for desktop/mobile/web |
| Min Deposit | $10 |
| Customer Support | 24/7 - Phone:+91 11 46605233 |
| Email: support@breakaway-fx.com | |
| Live Chat | |
| Tools | Trading Calculator, Economic Calendar |
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
| Pros | Cons |
| Regulated by ASIC AR | High leverage causing risks |
| 400+ trading instruments | |
| Demo account available | |
| Spreads as low as 0 | |
| Multiple types of accounts | |
| Live chat available |
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.
| Tradable Instruments | Supported |
| ETFs | ✔ |
| Forex | ✔ |
| Commodities | ✔ |
| Cryptocurrencies | ✔ |
| Shares | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
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.
| Account Type | Feature |
| Dome account | Newbie friendly |
| Live account | Realize transactions |
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.
| Trading Platform | Supported | Available Devices |
| MT5 | ✔ | Desktop, iOS, Android |
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.
| Contact Options | Details |
| Phone | +91 11 46605233 |
| support@breakaway-fx.com | |
| Supported Language | English, Japanese, Traditional Chinese, etc |
| Website Language | English |
| Physical Address | B-46, Jhilmil Industrial Area, Delhi-110095 |
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.
Keywords
- 1-2 years
- Regulated in Australia
- Appointed Representative(AR)
- MT5 Full License
- Regional Brokers
Wiki Q&A
Sam35 
1-2 years
What trading instruments are available on Breakaway?
Breakaway offers a wide range of trading instruments, including forex, commodities, metals, indices, cryptocurrencies, and CFDs on stocks. However, it does not offer stocks, bonds, or mutual funds directly.
Broker Issues
Platform
Instruments
Account
Leverage
08-02
United States
QM Trader
1-2 years
Is Breakaway safe and legit?
Breakaway is regulated by ASIC, which ensures it follows certain financial regulations. However, the broker's high leverage (up to 1:1000) may present additional risks, and it’s important for traders to consider these before investing.
Broker Issues
Regulation
07-13
United States
Hhduy
1-2 years
What payment methods does Breakaway support for deposits?
Breakaway likely supports various payment methods, including bank transfers and e-wallets like Maybank, PermataBank, bKash, and others, as seen on the partners listed on their website.
Broker Issues
Deposit
Withdrawal
07-08
United States
TradeTimeAllWasted
1-2 years
Is Breakaway regulated?
Yes, Breakaway is regulated by the Australian Securities and Investments Commission (ASIC) under license number 001311740. However, it holds an ASIC AR (Australian Registered) status, meaning it's regulated but might not have the same stringent oversight as full ASIC license holders.
Broker Issues
Regulation
06-10
United States
View More
User Reviews 16
Scroll down to view more
Write a review
Exposure
Neutral
Positive
Content you want to comment
Please enter...
Submit now
Comment 16
Write a comment
16
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
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
05-21
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
05-11
asdaaaaaaa
France
Approved, but funds not received and customer service is unresponsive.
Exposure
04-14
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
09-22
FX2548607172
Taiwan
Quick deposits and withdrawals, been using it for a long time, operates in a trustworthy manner~ Stable trading environment, very friendly.
Positive
05-23
FX1580730699
Hong Kong
MT5 software does not lag, very smooth
Positive
05-16
FX1506298051
Hong Kong
The trading software MT5 is smooth to use, and the experience is also good.
Positive
05-16
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
05-14
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
05-12
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
05-12
FX1451047606
Taiwan
Great platform, fast withdrawal, very convenient for copy trading.
Positive
05-10
FX1589154637
Hong Kong
Easy to use
Positive
05-05
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
05-05
FX1576455741
Taiwan
Deposits and withdrawals are fast and convenient, with high-quality and prompt customer service! Rest assured and guaranteed!
Positive
05-04
FX5535340852
Hong Kong
Customer service is patient, deposits and withdrawals are all credited normally.
Positive
04-28
6655818
Taiwan
Their copy trading is super convenient, but they still charge an annual fee of 6000 for the EA.
Neutral
02-15