Yesterday, one of my positions was liquidated by the broker, I was surprised because the position was closed at a small loss, and I got charged a liquidation fee. I contacted the broker and found out that they have different margin requirements than those listed on a PDF statement that the broker/clearing firm emails you daily,
On this statement they list a maintenance and initial margin, but they list the exchange margins and not the broker margins, meaning that the broker has different margin requirements. Now unless there is something I missing here, how can they list and initial and maintenance margin that are not the broker's on this statement? Shouldn't I get then a statement from the broker and not from the clearing firm?
I'm at a loss here, have anyone experienced a similar situation before? I mean I get an email daily with wrong statement? Or there is something I'm missing here?