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Issues with broker
Started:November 20th, 2015 (05:11 PM) by space238 Views / Replies:220 / 2
Last Reply:November 21st, 2015 (03:41 AM) Attachments:0

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Issues with broker

Old November 20th, 2015, 05:11 PM   #1 (permalink)
Elite Member
Los Angeles
Futures Experience: Advanced
Platform: Sierra
Favorite Futures: Bonds
Posts: 2 since Sep 2015
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Issues with broker


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?


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Old November 20th, 2015, 05:11 PM   #2 (permalink)
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Old November 21st, 2015, 03:41 AM   #3 (permalink)
Elite Member
Omer עומר / Israel י
Futures Experience: Master
Platform: NinjaTrader, Proprietary,
Broker/Data: Ninjabrokerage/IQfeed + Synthetic datafeed
Favorite Futures: 6A, 6B, 6C, 6E, 6J, 6N, 6S, ES, CL, ZB
rleplae's Avatar
Posts: 1,463 since Sep 2013
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Just out of curiosity, what is the type of gearing you were using on your account ?
you can reduce it to one contract...
capital in the account per contract traded ?

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