A Hard Breach is a breach or event that results in immediate account termination upon confirmation or upon the relevant review outcome.
The principal Hard Breach events under the trading rules include Daily Drawdown breach, Maximum Drawdown breach, and accumulation of five cumulative Strikes. Additional conduct may result in a Hard Breach where stated in the Terms or determined following Risk or Compliance review.
Related Terms: Sections 2, 7.4, 7.5, and 7.22
