The performance fees will be calculated automatically at the start of each month for the month prior. If the follower account has made net profits, the applicable performance fee will be calculated and deposited directly into the Leads trading account.
If a follower trade incurs profit on a trade all profits will be held in the followers account, when the performance fees are calculated, they will be removed from the follower account as a whole and from there deposited into the Lead account.
Performance fee % charged on the net profits of their account. So that is starting equity - negative equity - any charges (commission + swaps)
if their account does not make a net profit in the month they will not be charged any performance fees
Note:
we only offer 30% as standard but one of our largest partners is allowed to have 50%
What the client needs to do if they want to open the same sized trade on the follower than on the lead
is to set the risk setting to "Lot multiplier" and the multiplier to 1. This means the master opens a trade and the volume that is being traded will be multiplied by 1 which will always give you the same volume on the lead.
Fusion+ Platform:
The platform is called Tradesync which facilitates our copy trading (Please don't share name to clients), instead we call it the copy trading platform, or Fusion+ platform.
The client must be hosted on Tradesync, basically have an account there, in order to begin copy trading.
Previously clients were charged for having connections with followers, 1 connection = 1 charge on the follower account. However, we are charged by Tradesync for every account we host there, meaning 1 Lead account = 1 charge and 1 follower = one charge. So, we now charge the lead and follower for being hosted on the copy trading platform irrelevant of the connections in place. Similarly, to our VPN where the client is charged for being hosted there, there is just an added step that connections can be made.
Is it ethically allowed for a client/follower to use the strategy of his Master in his other active accounts NOT registered on the copy trading system? Why or why not?
>> Not recommended