Mudrex charges fees on the basis of the amount you invest and the fee set by the creator.
When a user goes live on their private strategy, we calculate fees as below
- Sum of USD amount of their current investment in the bundle (A)
- USD value for which they have already paid fees (B)
- Commission Rate charged by the creator (C)
- Min Fee to be charged (D)
Fees to be paid = Max(D,C*(A-B))
These fees are then pro-rated and charged for the rest of the month.
At the first of the next month, we do the exact same calculation and charge your card accordingly.