I do not charge any advance fee. However, the Alpari and IB are compensated for their services through the spread between the bid/ask prices.
I charge 20% account management fee from profit per month.
The 20% performance fee automatically deduct from client's trading account on a monthly basis.
If I failed to generate any profit after 30 days trading period then client will not pay me 20% account management fee.
Monthly Account Management Fee is 20% of net new profits.
Monthly 20% Account Management Fee Example Number 1:
=> Trader "A" opens a US$ 10,000/- Trading Account.
=> Next allow the account manager to do trades on behalf of him under limited power of attorney signed contract. => After 30 days of trading the client's trading account gains 5% new net profit which in this case is US$ 500/-
=> The broker will automatically deduct the 20% account management fee from client's trading account which in this case is US$ 100
Monthly 20% Account Management Fee Example Number 2:
=> Trader "A" opens a US$ 10,000/- Trading Account.
=> Next allow the account manager to do trades on behalf of him under limited power of attorney signed contract.
=> After 30 days of trading the client's trading account losses 5% new net loss which in this case is US$ 500/-
=> The broker will not deduct 20% account management fee from client's trading account because the trading account is not showing the new net profit.
Monthly 20% Account Management Fee Example Number 3:
=> Trader "A" opens a US$ 10,000/- Trading Account.
=> Next allow the account manager to do trades on behalf of him under limited power of attorney signed contract.
=> After 30 days of trading the account manager losses 5% money and then gains 5% money at client's trading account.
=> The broker will not deduct 20% account management fee from client's trading account because the trading account is not showing new net profit.
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