To understand about commissions, we need to know how the Copy trading works
As a copier, you might be charged a commission by a master trader, if the master set those charges in his/her strategy.
As a master, you will receive commission from all your copiers who made profits.
When is the commission/profit share paid?
If the copier makes withdrawal or unsubscribe, the commission paid on the same or next day. The system will withheld specified amount before the withdrawal and unsusbcription.
The master can set all three commissions to be charged, or only one, or even none. The Performance fee, Volume fee, Trade fee are paid on a weekly or monthly basis as the master traders set on their strategy page when publishing the strategy, and paid out on Sunday for the previous week to the payment account/wallet of the master.
The payment account is the very first account that you have created after your registration.
Copiers can find the information on masters commissions in the master strategy overview page.
There are three types of commission:
💠 Performance fees
💠 Volume Commission
💠 Management fees
Master set the commission charges in the stage of publishing their strategy
Below, explained in more details:
- Performance fee (max 40%):
It is calculated as a percentage of the result at the end of the selected period (week, month) or when the investor deposits / withdraws funds.
Calculation formula: (end of period - beginning of period - loss) * Fee / 100
The commission can be charged only if your copier made profits from copying deals.
The amount will be automatically debited from the investor's account to the master’s wallet on Sunday in the selected period.
How does the platform calculate the performance fee? Suppose you set the performance fee as 40%
The platform will add all the deals for the period, if the total is profit, as in the example $42.46 is the profit, then 40% will be charged off the profit.
If there is a loss, then no performance fee is charged
- Volume Commission (max $1 or 1 Cent per week):
Calculated in US dollars for the traded volume when a position is closed, but charged not more than $1 or 1 Cent for the M.Cent accounts
- Management fees (max 1%):
Calculated as a percentage of the current invested balance at the end of each period (month) or when depositing/withdrawing funds.
Calculation formula: Balance * Fee / 100 * Days passed / 365
The amount will be automatically debited from the investor's account to the master’s wallet monthly.