The billing period is a timing cycle used to measure performance of a strategy within a specified period of time in order to accurately record performance fee. The billing period covers a calendar month, and ends on the last Friday of the month (23:50 UTC+0 to 23:59:59 UTC +0) with a new billing period opening immediately after.
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.
What happens at the end of a billing period?
For Social Pro and Social Standard accounts:
- Investor orders are closed.
- If an investment(s) experiences an overall profit, and the profit exceeds the profit threshold, then a performance fee is deducted from the Investor’s investment and copy ratio is recalculated. Otherwise, no performance fee is deducted but the copy ratio may still be recalculated.
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All orders closed in step 1 are reopened with zero spread and the recalculated copy ratio.
Reopened orders can be found in the Copying orders area of the Social Trading app with a note providing context for the order’s reopening.
For Standard and Pro accounts:
- Orders are not closed.
- If an investment(s) experiences an overall profit, and the profit exceeds the profit threshold, then a performance fee is deducted from the Investor’s investment.