Withdrawals fees

PanagiotisCharalampous
11 Feb 2022, 10:00

Hi Florent,

The two fees are independent and charged separately. You can check here on how fees are calculated.

Best Regards,

Panagiotis 

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florent.herb
11 Feb 2022, 10:04

RE:

PanagiotisCharalampous said:

Hi Florent,

The two fees are independent and charged separately. You can check here on how fees are calculated.

Best Regards,

Panagiotis 

Join us on Telegram and Facebook

Hi,

So if let's say 1000 euros of withdrawals happened the total fees would be of 150 euros? (50 euros for he MF and 100 for the PF)? 

Regards

PanagiotisCharalampous
11 Feb 2022, 10:22

Hi Florent,

Performance fee is charged on profits and Management fee on an annual basis. Withdrawals are not related to this. Please read the link I posted above.

Best Regards,

Panagiotis 

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florent.herb
11 Feb 2022, 10:25

RE:

PanagiotisCharalampous said:

Hi Florent,

Performance fee is charged on profits and Management fee on an annual basis. Withdrawals are not related to this. Please read the link I posted above.

Best Regards,

Panagiotis 

Join us on Telegram and Facebook

Thank you yes it is true sorry. 

florent.herb
11 Feb 2022, 10:58

RE:

PanagiotisCharalampous said:

Hi Florent,

Performance fee is charged on profits and Management fee on an annual basis. Withdrawals are not related to this. Please read the link I posted above.

Best Regards,

Panagiotis 

Join us on Telegram and Facebook

Hi PanagiotisCharalampous,

I have still one question. If a withdrawal occurs when the equity is not superior to its last high. The performance fee still apply? And if so to the amount of the withdrawal made? 

As for the management fees the equity and the period of the equation to take into consideration when a withdrawal occurs are:

- the equity at the moment of the withdrawal and

- the number of days since the last withdrawal?

thank you for your help.

best Regards

PanagiotisCharalampous
11 Feb 2022, 11:04

Hi Florent,

1)

I have still one question. If a withdrawal occurs when the equity is not superior to its last high. The performance fee still apply? And if so to the amount of the withdrawal made? 

No, we use a High Watermark model. Quoting from the link I posted

It is subject to a High-Water Mark and is paid at the end of each month of copying, so a follower never pays twice for the same performance. 

2) 

- the equity at the moment of the withdrawal and

- the number of days since the last withdrawal?

Quoting from the link I posted above

 It is accrued daily and charged at the end of the calculation period (30 days since start copying). It is also charged when a follower removes funds or stops copying the strategy. 

You really need to read the link I provided :) All answers are there.

Best Regards,

Panagiotis 

Join us on Telegram and Facebook 

florent.herb
11 Feb 2022, 11:24

RE:

PanagiotisCharalampous said:

Hi Florent,

1)

I have still one question. If a withdrawal occurs when the equity is not superior to its last high. The performance fee still apply? And if so to the amount of the withdrawal made? 

No, we use a High Watermark model. Quoting from the link I posted

It is subject to a High-Water Mark and is paid at the end of each month of copying, so a follower never pays twice for the same performance. 

2) 

- the equity at the moment of the withdrawal and

- the number of days since the last withdrawal?

Quoting from the link I posted above

 It is accrued daily and charged at the end of the calculation period (30 days since start copying). It is also charged when a follower removes funds or stops copying the strategy. 

You really need to read the link I provided :) All answers are there.

Best Regards,

Panagiotis 

Join us on Telegram and Facebook 

Hi,

I have read everything but still some things are not clear:

"It is accrued daily and charged at the end of the calculation period (30 days since start copying). It is also charged when a follower removes funds or stops copying the strategy." So the fees are charged only once per month? From the equity's last high? Also when a withdrawal occurs I don't understand how the management fee is calculated. Is it from the equity's last high also? Please enlighten me on these few points if you can...Thank you.

Best Regards

florent.herb
11 Feb 2022, 11:29

RE: RE:

florent.herb said:

PanagiotisCharalampous said:

Hi Florent,

1)

I have still one question. If a withdrawal occurs when the equity is not superior to its last high. The performance fee still apply? And if so to the amount of the withdrawal made? 

No, we use a High Watermark model. Quoting from the link I posted

It is subject to a High-Water Mark and is paid at the end of each month of copying, so a follower never pays twice for the same performance. 

2) 

- the equity at the moment of the withdrawal and

- the number of days since the last withdrawal?

Quoting from the link I posted above

 It is accrued daily and charged at the end of the calculation period (30 days since start copying). It is also charged when a follower removes funds or stops copying the strategy. 

You really need to read the link I provided :) All answers are there.

Best Regards,

Panagiotis 

Join us on Telegram and Facebook 

Hi,

I have read everything but still some things are not clear:

"It is accrued daily and charged at the end of the calculation period (30 days since start copying). It is also charged when a follower removes funds or stops copying the strategy." So the fees are charged only once per month? From the equity's last high? Also when a withdrawal occurs I don't understand how the management fee is calculated. Is it from the equity's last high also? Please enlighten me on these few points if you can...Thank you.

Best Regards

For the management fee: when a withdrawal occurs the next day is calculated from the equity after withdrawal?

florent.herb
11 Feb 2022, 13:43

RE: RE: RE:

florent.herb said:

florent.herb said:

PanagiotisCharalampous said:

Hi Florent,

1)

I have still one question. If a withdrawal occurs when the equity is not superior to its last high. The performance fee still apply? And if so to the amount of the withdrawal made? 

No, we use a High Watermark model. Quoting from the link I posted

It is subject to a High-Water Mark and is paid at the end of each month of copying, so a follower never pays twice for the same performance. 

2) 

- the equity at the moment of the withdrawal and

- the number of days since the last withdrawal?

Quoting from the link I posted above

 It is accrued daily and charged at the end of the calculation period (30 days since start copying). It is also charged when a follower removes funds or stops copying the strategy. 

You really need to read the link I provided :) All answers are there.

Best Regards,

Panagiotis 

Join us on Telegram and Facebook 

Hi,

I have read everything but still some things are not clear:

"It is accrued daily and charged at the end of the calculation period (30 days since start copying). It is also charged when a follower removes funds or stops copying the strategy." So the fees are charged only once per month? From the equity's last high? Also when a withdrawal occurs I don't understand how the management fee is calculated. Is it from the equity's last high also? Please enlighten me on these few points if you can...Thank you.

Best Regards

For the management fee: when a withdrawal occurs the next day is calculated from the equity after withdrawal?

When said "It is also charged when a follower removes funds or stops copying the strategy" I am let to believe that fees also apply for withdrawals but I don't understand how.

Am I correct with these examples:

- Performance Fees (PF): 10%

if initial equity at Month 0 is at 10000

M1 = 15000

M1 Performance Fees of 500 (10% of 5000), so M1 after PF is at 14500

Out of the 14500 the follower withdraws 4500 during M2. Equity at the end of M2= 12000. There won't be any performance fees for M2 am I correct? If I am not correct what would occur?

- Management Fees (MF): 10%  with the example above with MF only starting from M2 ==> MF of M2 would be calculated each day from the equity of the day if I am correct. But when the withdraws of 4500 occurs let's say on Day 10. then MF of D10 = (14500 x 10%) / 365 = 3,97

MF of D11 = (10000 x 10%) / 365 = 2,73

M2 Management Fees = Sum of the MF of each day. Am I correct with this example?

Regards,

Florent

PanagiotisCharalampous
11 Feb 2022, 14:21

Hi Florent,

1)

So the fees are charged only once per month?

Fees are charged

1. 1st of each month
2. When the follower makes a withdrawal
3. When the follower stops following a strategy
4. When the strategy provider stops providing a strategy 

 From the equity's last high?

1. Management fees are calculated using each day's EOD equity
2. Performance fees are calculated using the period's EOD equity 

  I am let to believe that fees also apply for withdrawals but I don't understand how.

Fees are not applied for withdrawals but are charged on withdrawals. It means that if you make a withdrawal, fees for the elapsed period will be charged.

Out of the 14500 the follower withdraws 4500 during M2. Equity at the end of M2= 12000. There won't be any performance fees for M2 am I correct? If I am not correct what would occur?

There will a performance fee be on the 2000 profit made in M2

M2 Management Fees = Sum of the MF of each day. Am I correct with this example?

Correct.

Best Regards,

Panagiotis 

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