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Advisor Fee Cap Formulas

Available Fee Cap Limit (Period X) = (R* Average Equity (Period X)) - Amount Paid (Period X).
If Available Fee Cap Limit for any period is negative, no advisor fee will be charged.

Period X = 12 30-day cumulative periods over the last 360 days.
If an account has been opened less than 360 days, all the even 30-day periods up to the time the account has been opened will be included.  Or the Period X will be the exact number of days the account has been opened.

R (Period X) = ((0.252/360)*Number of Days)1/2

Available Equity = Average Equity over Period X

Amount Paid = Advisor Fees paid over Period X

For example, you have the client account open for one month* and the average equity for this account over a month is $10,000. You charged $50 as advisor fees for that month. Your available fee cap would be: ((0.252/360)*30)1/2*$10,000-$50 = $671.69

*30 days is used for this calculation.

The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed income can be substantial. Options are not suitable for all investors. For more information read the "Characteristics and Risks of Standardized Options". For a copy click here.

Your capital is at risk and your losses may exceed the value of your original investment.

Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Reference Number 208159.

Interactive Brokers LLC is regulated by the US SEC and CFTC and is a member of the SIPC (www.sipc.org) compensation scheme;
products are only covered by the UK FSCS in limited circumstances.

Before trading, customers must read the relevant risk disclosure statements on our Warnings and Disclaimers page.

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