A way to get performance fee with binary API

RockerOneRockerOne
in General

Hi,
I'm trading myself on Volatility indices. Many of my friend ask me to allow them to copy my trade. I want to ask them a performance fee (a 20% share on profit made from my trades). I see the Cashier endpoint on the docs but:

  • is this suit for doing some sort of automated transfert between account (from customer A account to customer B account) ?
  • If yes, How can i automated this through the binary API ?
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  • michael_muellermichael_mueller

    Hi @RockerOne when you sign up your Application you can set a markup fee there. It will add that percentage to the contract for each trade made using that app_id . The amount will be transferred to your account each month.

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  • TopanioTopanio

    @michael_mueller said:
    Hi @RockerOne when you sign up your Application you can set a markup fee there. It will add that percentage to the contract for each trade made using that app_id . The amount will be transferred to your account each month.

    I see that the maximum mark-up fee in derivatives is 3%.
    How do I get a 20% performance fee?

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