Trader commission


Maroun asked 4 months ago

Hello guys,
I’m starting a small trading business (cryptocurrencies and commodities) (between 5k and 15k total capital) and some of my friends want to join in the capital.
What would be a fair commission for me as a trader on the profit (please try to give a minimum and a maximum) Appreciate your reply.
Thanks,
Maroun

1 Answers
Steven Hay answered 4 months ago

Hey Maroun,
 
Well… that’s a tough one. I’d say you should charge them a percentage of whatever profit you make. If you make losses, then charge them nothing. I think it’s very important that you let them know upfront that trading is a risky business and you can’t guarantee they’ll make any money…
 
Honestly, managing other people’s money is kind of a burden, especially if they’re friends – it’s a pretty terrible feeling to let them down. So I think charging 10% for the responsibility is reasonable. 20% would be too much and 5% too little. That’s just my opinion though, I have no idea of the going rates for this sort of thing.

Bitcoin Video Crash Course 

Join over 94,000 students and know all you need to know about Bitcoin. One email a day for 7 days, short and educational, guaranteed.

We hate spam as much as you do. You can unsubscribe with one click.