What’s the management fee? - Tradesocio

Management fee is normally a percentage of the invested balance and written as annually but charged on a monthly basis as a deduction from the balance at the end of every month, example if at the end of the month the balance invested in the fund is 5,000 and the management fee is 2% annually, then the management fees will be 50,000 * (2% / 12) = 83.33 USD.