1. A trader needs to create a new strategy in the R StocksTrader app using the integrated CopyFX.
2. Choose the "Performance fee" commission scheme (the calculation of the commission according to the "Performance Fee" scheme is here).
3. Set up a commission value and an investment period.
A commission value can be set from 5% to 50% in increments of 5%.
An investment period is the frequency of commission payments to a trader's account. The commission is charged every Monday. Additionally, investors are charged commissions at the same moment they unsubscribe from a trader's strategy. The available options are: 1 week, 2 weeks, or 4 weeks.
4. Launch the strategy and attract investors.
Investors can view the performance of the strategy and the commission conditions before subscribing to a trader's strategy.
The main principles for the commission amount to be paid are:
- The estimate is made for all copied trades since the beginning of the Investor's subscription
- All copied trades are taken into account regardless of their open or closed state
- The calculation is made periodically at the end of each investment period and also at the end of the entire subscription
- Only the profit that exceeds the highest previously obtained watermark (the "new" profit is called the "delta") is subject to commission charges