What is a high-water mark?
The highest value your account has reached. We only earn 30% on profit above that peak, never twice for the same gains. If your account dips, we earn $0 until you are back above your high. Example: fund $10,000. Month 1 reaches $12,000 ($2,000 new profit): fee $600, new high $12,000. Month 2 falls to $11,000 (below high): fee $0. Month 3 reaches $12,500: only the $500 above your old high is charged, fee $150. Illustrative only, not a projection.