AlphaNet charges a fee on each filled trade, calculated on trade notional. A dynamic model that factors in performance determines the fee rate, which may change over time. Its Points documentation describes a distribution pool funded from a portion of platform revenue.
A fee rate needs context
A useful fee description identifies what the charge applies to, when it is collected and whether other charges are additional. The rate applicable to one strategy, market or promotion should not be assumed to apply to every transaction.
A platform fee is also different from the broader cost of trading. Spreads, slippage, funding and applicable venue or network charges may affect the final result, whether or not they appear in the same fee line.
Revenue does not equal a user’s profit
Trading fees can be charged even when a trade loses money. That means a strategy’s results should be read after applicable costs, not only before them.
For example, a positive gross trading result and a negative net result can both be accurate if the difference is accounted for by costs.
Current pricing and transaction disclosures determine the applicable charges. Temporary promotions should be read separately from the standard fee model, and a fee waiver should not be assumed to remove funding, slippage or other trading costs.