It is important for you to know the actual costs behind your investments. Thus, we’ve prepared detailed information on the applicable fees on the ICONOMI platform.
Creation of your ICONOMI account and the storage of your digital assets, be it cryptocurrencies or Crypto Funds, is free of charge.
There is a 0% fee for cryptocurrency conversions, but a spread is charged.
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.
If you are looking for information on deposit and withdrawal fees you can find them here.
Anytime a fee is collected it is split between ICONOMI, Crypto Fund Manager and the referrer according to the Referral Program (after VAT).
The 0.50% exit fee is a fee that is returned into the Crypto Fund to cover the costs of trading (entry and exit of an investor) and is not profit for either ICONOMI or its managers.
Anything above 0.50% is a fee collected by ICONOMI and its managers. Exit costs can vary depending on the liquidity of the fund and currency chosen. An exact quote is provided during the selling process.
If you look at the platform, you will see that most of the Crypto Funds have 0%. Anything above zero is a fee collected by the ICONOMI and managers.
The management fee is distributed between ICONOMI and its managers. It is collected every night and distributed in the first week of the next month to your account (as increased value of the Crypto Fund).
You can rebalance as often as you want as there are 0 fees charged for rebalancing. The only fees paid are trading fees which are lower than normally due to our volumes and advanced market making trading algorithms. Also, there are almost 0 fees for transferring assets between exchanges due to us pooling assets from a multitude of funds.
The performance fee is distributed between ICONOMI, its managers and investors. Each Crypto Fund manager will determine the period of collection of the performance fee – it can be weekly, monthly, or quarterly. The main benefits are:
You can find more information here.