Yes, there is a fee. Due to VIAC’s intelligent calculation system, the fee for foreign currency exchange is ideally 0%. This happens when foreign currency purchases and sales are of equal size across all customers in our monthly rebalancing. If the purchase and sale volumes are not identical, the bank will charge a commercial fee of up to a maximum of 0.75% on the difference to be traded for foreign currency exchange. The resulting costs are then distributed to all customers and thus already massively reduced (see Academy for details). Historically, the average annual cost over all strategies is less than 0.05%. Usually these fees are hidden from other providers and are not disclosed to the customer.