# Fees

Our platform charges fees in two scenarios: when a user **opens** a position and when a **profitable** position is **closed**.

### 1. Opening a Position

* A **1% fee** is applied on the notional value of the position at the time of creation.
* This fee is deducted immediately upon opening the position.

**Example:**\
If a user opens a position worth $1,000, a fee of $10 will be charged.

### 2. Closing a Position (Only if Profitable)

* When a user closes a position **with profit**, **30% of the profit** is charged as a performance fee.
* No performance fee is applied if the position is closed at a loss or break-even.

**Example:**\
If a user opens a position at $1,000 and closes it at $1,500 (a $500 profit), then a $150 fee (30% of $500) will be charged.

### Summary

| Action                        | Fee                     |
| ----------------------------- | ----------------------- |
| Opening a Position            | 1% of the position size |
| Closing a Profitable Position | 30% of the profit       |
| Closing at Loss / No Profit   | No fee                  |

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