Updated Performance Fee Policies
Following recent evaluations, a financial platform has recalibrated performance fees after liquidation events and refunded any excess to traders. This change aims to align fees more closely with traders' actual financial outcomes, especially after losses due to liquidation.
Enhanced Transparency in Fee Calculation
Moving forward, the platform has revised its policy to prevent charging performance fees on positions that have been liquidated. This adjustment is designed to avoid further financial strain on traders who experience losses, ensuring that the fee structure is both fair and transparent.
Responsibilities in Copy-Trading
While the platform maintains that funding responsibilities lie with those engaged in copy-trading, it recognizes the significant impact of liquidation. The updated policy reflects a commitment to supporting traders by not exacerbating losses with additional fees during such critical events.
Advice for Traders on Risk Mitigation
Traders are advised to adhere to strategy providers' recommendations and manage their capital allocation wisely. By ensuring that their margin amount safely exceeds the maximum investment margin of their subscription, traders can enhance account safety and reduce the risk of liquidation.
Ongoing Adjustments and Support
The recalculation process of performance fees, particularly following the recent liquidation events last Friday, is expected to complete within 24 hours. The platform appreciates the patience of its users during this period and hopes that these recalibrations will mitigate some of the financial impacts of liquidation. Users are encouraged to stay informed and safe as these changes take effect.