Each Strategist can combine both
The copying fee is an annual fee that is charged in small proportions daily (annual fee/365) to users who copy Crypto Strategies (users added funds - meaning they copy selected Crypto Strategy with their funds). It is collected every night and distributed in the first week of the following month according to the affiliate program.
Strategists profit from the copying fee for their services in managing the Crypto Strategy. Strategists get paid monthly in the first week of the following month.
Each Strategist can set up the copying fee up to 10%. You find information on how to change the fee at the bottom of this article. You can check specific Crypto Strategy copying fees by clicking on a specific Crypto Strategy.
How is the copying fee calculated?
If the Crypto Strategy copying fee is 3%, a portion of the copying fee is charged daily from the sum value of all assets copying the strategy (ACS). To help understand this here is a very simplified formula for the copying fee: 3%/365 = daily charge (3%/365 = 0.00821% per day).
How is the fee collected?
The copying fee is an annual fee that is charged in small proportions daily to users who copy Crypto Strategy with their funds.
How are Strategists and Affiliates paid?
Please check the article "How do I get paid?".
What does the fee mean for a Crypto Strategy copier?
The copying fee is an annual fee that is charged in small proportions daily to users who copy Crypto Strategy.
Changing the fee
Copying fee can be changed twice a year.
When do changes take effect?
In case a Strategist reduces a copying fee, such a reduction takes immediate effect.
If, however, a Strategist decides to increase a copying fee, existing copiers will receive an email notification of such a planned increase. However, the new copying fee will only apply after ten days, giving the copiers a chance to reconsider their investment options. Copiers will receive another email on the day the new copying fee takes effect. If copiers don’t agree with the change of fees for the Crypto Strategy they are copying with their funds, they can remove funds from copying the strategy any time they want.
How do you as a Strategist change the fee?
To change the fee of your Strategy, follow these steps:
- Log into your ICONOMI account
- go to My Strategy
- select your Crypto Strategy
- go to the Settings tab
- go to the Fees section
- click on Change
You can check individual Crypto Strategy fees by clicking on the selected Crypto Strategy.
Note: The Strategist sets Crypto Strategy fees for an individual Crypto Strategy. Anytime Crypto Strategy fees are collected they are split between ICONOMI, the Strategist, and the affiliate according to the Affiliate program (after VAT).
Fees are collected over the course of each month in crypto. As such, the collected value is subject to market fluctuations, and the paid-out EUR/GBP value at the end of each month may be lower or higher than initially collected.
Note: if a Strategist wants to invite copiers to a Private Strategy or make their Strategy Public, it is mandatory to set at least one of the above-mentioned fees to at least 1%. For more information, please take a look at the Strategy Visibility settings.
Note: For more information, please read our article on ICONOMI fees.