CRYPTO INVESTING
ICONOMI Fees
It is important for you to know the actual costs behind your investments. Thus, we have prepared detailed information on the applicable fees on the ICONOMI platform.
Creating your ICONOMI account and storing your digital assets, be it cryptocurrencies or Crypto Strategies, is free of charge.
Cryptocurrencies
There is a 0% fee for cryptocurrency conversions, but a spread is charged.
Spread
BTC-EUR: 0.75%
ETH-EUR: 0.75%
BTC-ETH: 0.75%
USDT-BTC: 0.75%
USDT-ETH: 0.75%
All other pairs: 1.5%
The actual spread may be higher due to market fluctuations in the price of cryptocurrencies. An exact quote is provided at the time of conversion. You can find detailed information here.
If you are looking for information on deposit and withdrawal fees, you can find them here.
Crypto Strategies
Anytime a fee is collected, it is split between ICONOMI, the Crypto Strategy strategist and the referrer according to the Referral Program (after VAT).
Entry fee
Range: 0 - 2%
If you look at the platform, you will see that most of the Crypto Strategies have 0%. Anything above 0% - are fees collected and distributed according to the referral program.
But in case you are adding funds and NOT using either ETH or BTC as a payment method, ICONOMI must first execute trades on the exchanges for you and also a spread fee applies.
You can find detailed information here.
Exit fee
Range: 0 - 2%
The 0.50% exit cost is a cost that is returned into the Crypto Strategy to cover the trading costs (entry and exit of an investor) and is not profit for either ICONOMI or its strategists.
Anything above 0.50% exit cost - are fees collected and distributed according to the referral program. Exit costs can vary depending on the liquidity of the strategy and currency chosen. An exact quote is provided during the selling process.
But in case you are NOT selling into either ETH or BTC, or if the Strategy does not have a sufficient amount of ETH or BTC in the structure, ICONOMI must first execute trades on the exchanges for you and also a spread fee applies.
You can find detailed information here.
Copy fee
Range: 0 - 10% (annual)
The copying fee is an annual fee that is charged in small proportions daily (annual fee/365) to users who copy Crypto Strategies. It is collected every night and distributed in the first week of the following month according to the referral program.
You can find detailed information here.
Performance fee
Range: 0% - 30%
The performance fee is a fee charged to users who copy Crypto Strategies. It is collected based on the period of the collection determined by a Crypto Strategy strategist – it can be weekly, monthly, or quarterly and distributed in the first week of the following month according to the referral program.
The main benefits are:
- fees are collected only when you make a profit from your initial investment
- strategists with better Crypto Strategy performances are better rewarded
- fees bring fairness and balance to the copier/strategist relationship
- copiers do not pay performance fees for strategies that do not perform
You can find detailed information here.
Rebalancing cost
(not included in the Referral program split of fees)
When a user rebalances his/hers Crypto Strategy, we execute several orders on different exchanges, resulting in multiple fees. Those charged fees are set flat at 0.2% and include all exchange fees, cost of liquidity, custody, wallet transfers and transfers between chains.
For example, if you have 1000EUR in your Crypto Strategy and you change 50% of the structure weight, the formula is: 1000EUR * 50% (weight change) * 0.2% (rebalance fee) = 1EUR. You can see a better overview of the rebalance fees paid in the Crypto Strategies reports tab.
You can find detailed information here.
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©ICONOMI is the trading name of ICONOMI Limited, a company registered in England and Wales. Registered address 10 Orange Street London, WC2H 7DQ. Company Registration number: 11087795. ICONOMI Limited is registered with the Financial Conduct Authority (Firm Reference No. 927859).