How is a Performance Fee calculated?
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How is a Performance Fee calculated?
Performance Fees are calculated weekly. A Performance Fee is deducted in arrears based on the extent to which total aggregate profit has been achieved considering all closed and open positions, subject to a High Watermark (HWM). If you are copying multiple Signals at the same time, the copy trades of different Signals are considered “in […]
When is a Subscription Fee charged?
At the beginning of each calendar month. Important: Irrespective of how long you have been copying for the month, you’ll be charged the full Subscription Fee.
How is a Subscription Fee charged?
If you choose to copy a Signal that charges a Subscription Fee, this fee is charged to your trading account monthly and deducted at the beginning of each calendar month. Important: Irrespective of how long you have been copying for the month, you’ll be charged the full Subscription Fee.
How do I set a Subscription Fee?
Most Signals prefer to set a Performance Fee, but you have the option to charge a Subscription Fee instead. Tap the “Account” tab at the bottom right Choose “Set Fee” and then “Subscription”. The maximum Subscription you can set is $100.
How is max drawdown calculated?
Max drawdown is determined by calculating the client’s running profit, minus the running profit of open trades, and subtracting this from the High Watermark (HWM). Running profit is the net profit of each trade collated including swap and commission charges. The drawdown will not take into account trades placed by the client themselves nor deposits […]
Can I charge a percentage of profits to investors who copy me?
Tap the “Account” tab at the bottom right Select “I want to charge my Copiers”
How can I set a Performance Fee?
Tap the “Account” tab at the bottom right Choose “Set Fee” and then “Performance”. You can set the Performance Fee up to 50%.
How can I become a Signal?
You can be a Signal by choosing that Signal option when you link your account and having an opening account balance of at least $500. Most Signals have at least 6 months of trading experience and positive results.
I stopped copying a Signal but my account still opens copy trades.
Please double-check that you have indeed stopped copying the Signal. For more information on how to stop copying a Signal check our FAQ “How do I stop copying a Signal?”.
How do I stop copying a Signal?
Tap profile of the Signal you are copying. Tap the “Edit Copy” button. Tap the red “Stop copying” button. Confirm by tapping “Yes” in pop-up message.
