Questrade Closing position. Is this LEGAL?

L

litrader888

I have been trading FX using questrade for a few months now. Have about 200K in there. I had 16 lots longing USD through many pairs. One day I get a call from questrade saying that I have to close $50,000 worth of USD position or else they will close it for me

I was told this is nothing to do with my margin as my positions are not good for the company. I went down to their office and I was told the same thing. Later that day, they close some of my USD long positions. My margin was still good.

Is this normal?? Can they close a position for me even thought my margin was good and just because it's not good for Questtrade?
 
Thanks Wallace, I shall.

Just don't understand why Questrade would care how many positions of USD I have. They didn't have any problems with other positions, just my USD position.
I don't know how FX brokers work,but do they have a margin call to take care of too as a company?
 
In a situation like this it's best to just move to a different broker.

Questrade obviously doesn't have your best interest in mind.

I know it's a hassle moving brokers, but it's more of a hassle having to deal with a "bad" broker.
 
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