How and when will performance fees be calculated?
Fees are calculated and applied on the fourth day of every month, based on the previous month’s performance. When you open your account, the first fee calculation will take place on the fourth day of the following month. The fee calculation will be based on the performance of YOUR account from the date it was opened to the end of that month. Fees are only deducted when you earn a profit. For example: A client invests 20,000 USD during the month of April. The client earns a 10% profit (2,000 USD) by the end of April. The client now has 22,000 USD in their account. 30% of the profit (600 USD) will be transferred to Growth Finance SA for a performance fee on the fourth of May. 70% of the profit (1,400 USD) will accrue to the client’s account. As of May 4th, there will be 21,400 USD in the client’s account available for trading. This now becomes the new ‘base’, from which profits will be determined the next month and in the future. Only if further profits bring the account balance above 21
