TL;DR - Leaders can charge between 0.1% and 3% in AUM fees, between 1% and 30% in performance fees, and between $1 and $1,000 per month in Flat fees.
Leaders can use both of these fee structures to charge their followers. Leaders are not limited to using just one or the other of these methods. They can charge based on both at the same time.
The above screenshot illustrates how leaders can input their fees when they become a leader. If you are already a leader, use the "Edit Profile" button on your leader profile to change your leader fees. This button can be found right below the "Stop being a leader" button.
AUM fees are restricted between 0.1% to 3% per month. Our team recommends charges closer to 0.1% for those leaders that are more passive and rely on indexing to manage their portfolio. Leaders that remain more active, day trade, or maintain strategies of higher risk should charge closer to 3%.
Performance charges are restricted on Shrimpy to be between 1% and 30%. Generally, we have found that the optimal performance fee will be somewhere between 15% to 25% for most leaders.
Flat Dollar Fee
A flat dollar fee can range from $1 to $1,000 per month. These fees are prorated to the amount of time that a trader follows a leader.
Have questions, comments or concerns? Feel free to reach out to us via the blue "Support" button found in the bottom left corner of your Dashboard, or send an email to Support@Shrimpy.io.