Setting an Offer is key for Money Managers seeing that the offer would be their charge for trading for investors. When first creating a fund, you will have a default offer that is set without any fees. Therefore, you would need to create your own offer to apply your charges.
Let's go through the process:
> Go to the Money Managers section on your PAMM Portal.
> Click on your fund.
> Select the Offers section.
> Click on Create.
> The first field will require you to add a name to your offer.
> You can also select if you would like to make your fund Public or Private by clicking on the box.
> You can set the Offer to be charged every day, week, month, or roll over. For example, if you would like your offer to be charged every week, select 1 as your Trading Interval and Weeks.
> Select the Min Deposit - The minimum amount of money that can be topped into a PAMM account at a time.
> Select the Min Withdrawal - The minimum amount of money that can be withdrawn from a PAMM account at a time. Does not apply to investor account liquidation.
> Select the Min Initial Investment - The minimum amount of initial investment to join the PAMM account.
> The Performance Fees section will allow you to generate a charge depending on the percentage of profit generated. This section may also be tiered.
> In the example below, a 0-20% profit return will cost the investor $40. If the profit return is 20% or greater, the investor will need to pay $100.
> On the other hand, a Management Fee is a fee for handling funds and is not based on any performance. This fee depends on the equity the investor has added to the fund. This section can also be tiered.
> You are able to select between charging a percentage or a monetary amount.
> In the example below, when the investor would deposit $0-300, a $50 fee is required. When the investor would deposit $300 or more, a $20 fee is required.
> It is ideal to lower the fee by tier to encourage investors to deposit large amounts.
> Deposit Fees are fees generated from "top-up" deposits. One should not confuse this with the Management fee, as that fee would be based on the initial deposit, whereas this fee would be based on the following deposits into the fund. This section can also be tiered.
> In the example below, $0-500 would require a 15% fee, whereas deposits from $500 would require a 5% fee.
> Click on Create once done.
