Performance Fee calculation
Created at 03 May 2021, 03:02
AN
Performance Fee calculation
03 May 2021, 03:02
hello, I have 2 question.
1. I copied a strategy account with a capital of $10000 but last month lost 20% of the capital so I withdraw $4000 (50% of the money left in the account). After withdrawing capital, I am currently making 30% of the profit. So will I be charged a performance fee?
2. If last month I lost 30% of the capital after copying and I continue to add fun 30% at the beginning of the current month. If I reach 10% of my profit this month, how will I be charged?
Please answers me. thank you
PanagiotisCharalampous
04 May 2021, 09:06
Hi anhnguyenbp,
You are only charged if the absolute profit surpasses the previous absolute loss e.g. in the first case, if you lost $2000 and then made $1200, you won't be charged performance fees. Same logic applies for the second case as well.
Best Regards,
Panagiotis
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