Commissions

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Hello

I have been approached lately by friends and other investors if I would manage their privat trading accounts.

So far I only managed my own account, running my own MT4 software.

I'm completely unaware of what kind of remuneration a professional trader or institution would receive for their services.

I heard that institutions take arround 30% from the profit they generated.

I wonder if this is true and what kind of commissions are usualy paid for an initial investment up to 1'000'000 and for 1'000'000 + ?

Perhaps someone knows what kind of commissions are common in the market and is willing to give some tips ?

Thanks for your help.