The severity of a breach falls into one of two categories:
Hard Breach
Accounts with these breaches are terminated automatically, and trading is ceased.
Soft Breach
Accounts with these breaches won't be closed immediately but It's important to remember that soft breaches are not permitted and the FTUK team reserve the right to assess account breaches on an individual basis which can take place periodically and when targets are reached.
The following shows different examples of trading activity and the breaches that may or may not occur:
These include but are not limited to:
Soft Breaches | Hard Breaches |
Trading within 5 minutes of a major news release on the one-step program | Reaching the maximum absolute drawdown |
Closing a trade within 30 seconds of opening | High Frequency Trading (HFT) |
Triggering the account protector after falling below -2% floating PnL | Being inactive for longer than 30 days without informing us |
You will receive an email if you trigger a breach explaining why the breach has occured.
You can see all of our trading rules in detail, here.
This list is not conclusive. The FTUK team reserve the right to assess account breaches on an individual basis, especially when the same breach occurs multiple times.