Fees

A straight-forward, performance-based fee structure.

Getting started with Forex trading has never been easier. SpyTech has no hidden fees or hefty subscriptions to buy. We have a modest 1% monthly account maintenance fee and a 20% performance based fee. What we agree upon at the onset is what we charge you. Simple.

If there is no growth, there is no performance fee.

We measure performance according to the account's high water mark.  The high water mark on any investment account is simply the highest value that the account has ever reached.  New high water marks are set by growth in the account.

Foreign currency trading naturally fluctuates.  The goal and success of our system relies upon consistent long-term results and anticipates  natural ebb and flow of the markets. With this in mind our accounts are only eligible for the performance fees once the high water mark has been achieved.

Advantage to the investor.

By basing our performance fee on the high water mark, we ensure that you only pay the performance fee when the account is in positive historical growth.  

Monthly 1% Account Maintenance Fee -  This is the broker's fee for managing the account. For your convenience, the broker automatically deducts the 1% operating fee on a monthly basis. The monthly fee is 1% of the account balance after the performance fee.   

The spreadsheet below illustrates the calculations of the performance fees and high watermark. The results are not typical and the numbers in the account below are offered only to demonstrate the calculation of fees, profit and high water marks.

 5-Month Performance Fee Calculation Sample

fee structure

 

A Simple Narrative:

Month 1 

  • A profit is achieved.
  • The account is eligible for the 20% performance fee. 
  • The high water mark is set for the account.

Month 2 

  • A profit is not achieved.
  • No performance fee is taken. 
  • The high water mark is unchanged.

Month 3 

  • A profit is achieved, but the account balance remains below the high water mark.
  • No performance fee is taken.
  • The high water mark is unchanged.

Month 4

  • A profit is achieved  and the high water mark is surpassed. 
  • The gross profit is eligible for the 20% performance fee.
  • A new high water mark is set.

Month 5

  •  A profit is achieved  and the high water mark is surpassed. 
  • The gross profit is eligible for the 20% performance fee.
  • A new high water mark is set.