PIs are paid according to a formula based on the aggregate level of funds placed with the platform by their copiers. The stars are paid up to 2.5 per cent of those assets — payments that can amount to hundreds of thousands of dollars per year.
This is on one of the “investment platforms”. Trade your own portfolio. Then, as people copy you – making you a PI – you get a slice of their money.
There’s no way at all the platform is making 2.5% of those funds invested. So where’s the money coming from?
Plus, obviously, how does one attract $100 million to copy ones’ trades?