Social Trading performance fee is a fee that an investor pays to a strategy provider for profitable investments. With Social Trading, strategy providers pre-define a performance fee rate at which investors are to share their profits for the copied strategies.
Important: Social Standard and Social Pro accounts will be switching to the new advanced copying platform, similar to Standard and Pro accounts. This only applies to new investments and future fees. For strategy providers, performance fees will be split between two different accounts. These will display as "ST commission" for older investments and "PIM commission" for new investments.
For example:If an investor makes a profit of 1,000 USD on an investment and the performance fee rate is 10%, he will be charged 100 USD to be paid as performance fee to the strategy provider.
Social Trading performance fee is credited to a Standard trading account automatically created in the strategy provider’s Personal Area for this purpose. It is called the Commission account (ST Commission for Social accounts and PIM Commission for Standard and Pro accounts) and these funds once credited can be used for trading, withdrawals, or for transferring to other accounts.
The performance fee rate set by a strategy provider can be adjusted later. However, the new performance fee rate will only be applied to newly opened investments; existing investments will remain unaffected.