What is agent fee?

Agent Fee, paid by Providers to the third-parties such as Introducing Brokers or social media influencers who attract Followers to the broker’s social trading platform. Agent Fee are paid as percentages of the Performance Fee deducted from a Follower trading account. The person paying the Agent Fees is the Provider, but technically, the Provider does not issue these transactions. Provider only set how much will be allocate and system will be automated calculate the fees

Agent fee formula:

Agent Fee = Performance Fee * Agent Fee

Example

Agent fee: 10%

Performance fee: 20%

Fee type: Positive profit

Follower closes a trade with $100 profit

Follower pays = $100 * 20% = $20 Performance fee withdrawn

Agent Fee = $Performance fee withdrawn * Agent fee % = $20 * 10% = $2

Provider receives = Performance fee withdrawn - Agent fee = $20 - $2 = $18