Breakaway Forex Broker

BreakawayReview SummaryFounded2024-03-22Registered Country/RegionAustraliaRegulationASIC ARMarket Instruments400+ instruments CFDs on stocks/indices/metal/commodities/currency pairs/cryptocurrencyAccount TypeMicro, Standard, ECN, CustomizeDemo Account✅LeverageUp to 1:1000SpreadAs low as 0Trading PlatformMT5 for desktop/mobile/webMin Deposit$10Customer Support24/7 - Phone:+91 11 46605233Email: support@breakaway-fx.comLive ChatToolsTrading Calculator, Economic CalendarBreakaway 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 $10Pros and ConsPros Cons Regulated by ASIC ARHigh leverage causing risks400+ trading instrumentsDemo account availableSpreads as low as 0Multiple types of accountsLive chat availableIs 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 FeatureDome accountNewbie friendlyLive accountRealize transactionsBreakaway 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 PlatformSupported Available Devices MT5✔Desktop, iOS, AndroidDeposit & 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 DetailsPhone +91 11 46605233Email support@breakaway-fx.comSupported Language English, Japanese, Traditional Chinese, etcWebsite Language EnglishPhysical Address B-46, Jhilmil Industrial Area, Delhi-110095The 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.