High Watermark Policy (HWM)

The High Watermark (HWM) represents the highest net profit level previously achieved on your account. It is used to determine when performance fees may be charged, ensuring fees are applied only on new net gains.

• The HWM is defined as the highest recorded account value after all applicable fees have been deducted.
• Performance fees are charged only on profits that exceed the existing HWM.

⚙️How it works:

• When your account generates new profits above the current HWM:
  • The HWM is reset to the new, higher account value after performance fees are applied.
• If your account incurs losses:
  • The HWM remains unchanged.
  • No performance fees will be charged until losses are fully recovered and the account exceeds the previous HWM.

This fee structure is designed to ensure transparency and align performance fees with net account growth. However, trading and investment activities involve risk, including the potential loss of capital. Past performance is not indicative of future results, and you should make independent decisions based on your financial circumstances and risk tolerance.

For further assistance, please contact the support team. Support is available 24/7.