What is performance fee?

Performance Fee is the way for Followers to pay Providers for their work. This is a portion (in percent) of a profitable Trading result of a Subscription paid to the Provider. In case of a negative Trading result, Performance Fee calculation is skipped. Performance Fee calculation is controlled by Follower configurations (Trading Result’s calculation Mode and Trading profits) and Offers (Performance Fee Percentage and Trading Interval).

The fee is processed as a pair of withdrawal and deposit balance operations with custom comments. The calculated fee amount is withdrawn from the Follower as a Withdrawal PerformanceFee transaction type and deposited to the Provider as a Deposit PerformanceFee transaction type. By default, the receiver of the Fee is the Provider’s Trading account itself, but if a Provider has a Fee Receiver Account specified in the Provider’s Settings, Performance Fee transactions will be routed there.

Performance fee formula:

Performance Fee = Subscription’s Raw Profit * Fee %

Example:

Performance fee = 20%;

Interval: Per Trade

Mode: Positive Profit

Commission = -$10/lot

Trading volume = 0.5 lot

Raw Profit (based on the open-close price difference) = $20

• Performance Fee if MetaTrader fees are included:

Performance Fee = $20 * 20% = $4