Money Managers need to set up offers for their fund in order to get compensated by their Investors for carrying out their trades. In the initial stage of creating a fund, no offer will be set and the Money Manager will therefore need to set up their fees accordingly.
Step by Step:
Click on "My Accounts"
Click on your "Money Manager Account"
Click on your "Fund"
Click on the "Offers" tab
Click on "Create"
Choose the "Name" of the fund and add a "Description" if needed
Choose if you would like your fund to be "Public" or "Private"
Decide on the frequency of the payout needed to be done by your Investors. This can be done "Daily", "Weekly", "Monthly" or by the "Next Rollover". In the example below, you can see that the Money Manager has decided to set their offer to be charged every 2 weeks.
Choose the "Minimum Deposit" - This is the lowest amount of funds that can be deposited into a PAMM Account.
Choose the "Minimum Withdrawal" - This is the lowest amount of funds that can be withdrawn from a PAMM Account. This does not include Investor Account liquidation.
Choose the "Minimum Initial Investment" - This is the lowest amount of funds that have to be initially deposited by the Investor to join the fund.
Select the Performance fee -
Select the Money Management Fee - This fee type can allow you to charge this fee for handling an Investor's funds and trading them. This fee type is dependent on the equity provided by the Investor.
You can charge this fee type either in currency form or as a percentage.