The short answer
Breakout is the choice for traders seeking institutional-grade security and higher drawdown limits, as it is owned by Kraken and offers up to 6% static drawdown. Iceberg is the go-to for those prioritizing privacy and speed, offering a no-KYC environment and instant funding options.
Where they actually differ
- Identity verification (Rules): This is the biggest divider. Breakout requires full SumSub KYC (ID, selfie, residency) before receiving a funded account. Iceberg requires no KYC at all.
- Ownership and Trust (Business): Breakout is owned by the exchange Kraken, providing a level of corporate backing rare in the industry. Iceberg is a crypto-native entity where payouts depend on a public liquidity pool on Arbitrum.
- Evaluation vs. Instant (Plans): Breakout only offers 1-step evaluations (Classic, Pro, and Turbo). Iceberg offers both 1-step evaluations and "Instant Funding" where you skip the test but face a 90-day account expiry and a 5% payout cap.
- Payout Limits and Networks (Payouts): Breakout has no profit caps and pays via USDC (ERC-20). Iceberg's Instant accounts limit payouts to 5% of initial capital per request and use the Arbitrum network.
- Asset Selection (Tech): Iceberg has a broader range, including Forex and Stocks. Breakout focuses exclusively on Crypto, Indices, and Commodities.
- Copy Trading (Styles): Iceberg allows you to copy trades between your own accounts. Breakout prohibits all forms of copy trading, even between your own accounts.
- Price: For a $100,000 account, Breakout’s Classic is cheaper ($800) compared to Iceberg’s Unlimited ($857).
Where they are basically the same
- Risk rules: Both firms use static drawdowns that do not trail profits and are measured against equity.
- Platforms: Both use proprietary web terminals; neither supports MetaTrader 4 or 5.
- Trading styles: Both allow news trading and holding positions over the weekend.
- Payout frequency: Both offer on-demand payouts (subject to a 120-hour cooldown on Iceberg’s Instant accounts).
Pick this one if
Breakout
- You value the peace of mind of a firm owned by Kraken.
- You want a $200,000 allocation with a 5% or 6% static drawdown.
- You prefer trading on Ethereum mainnet (ERC-20).
Iceberg
- You want to trade immediately without passing an evaluation.
- You refuse to perform KYC or share identity documents.
- You prefer the low fees of the Arbitrum network.
Frequently asked questions
Which firm is cheaper for a $100,000 evaluation, Breakout or Iceberg?
Breakout is the more affordable option. Its 1-Step Classic $100,000 evaluation costs $800, whereas the equivalent 1-Step Unlimited account at Iceberg is priced at $857. Breakout also offers a "Turbo" version of this size for as low as $330, though it comes with a much tighter 3% drawdown limit.
Which firm offers more privacy, Breakout or Iceberg?
Iceberg offers significantly more privacy because it does not require KYC (Know Your Customer) verification at any stage. In contrast, Breakout requires a full identity verification process through SumSub, including a selfie and proof of residence, before a trader can access a funded account.
Can I use automated strategies or copy trading on Breakout or Iceberg?
Neither firm is friendly to third-party EAs or "pass-your-challenge" services. However, Iceberg is more flexible regarding copy trading, as it allows you to copy signals between your own internal accounts. Breakout prohibits all forms of copy trading, and since both use proprietary terminals instead of MetaTrader, using standard EAs is not possible on either platform.
Who has fewer restrictions on withdrawals, Breakout or Iceberg?
Breakout has fewer restrictions. It imposes no maximum profit caps or withdrawal limits. Iceberg, while offering on-demand payouts for its evaluation accounts, imposes a 5% gross profit cap per withdrawal on its "Instant Funding" accounts, and all Iceberg payouts are subject to the available liquidity in their public Arbitrum pool.




















