Performance-based fee accounts are billed annually. This means that every year, on the anniversary of the account inception date, Cannabis Forex will look at the account value. If the market value exceeds the high-water mark, Cannabis Forex will bill for 10% of profits from the previous high-water mark (net of all bank and brokerage fees). If the market value is less than the high-water mark, a management fee bill will not be sent.
