The Swissquote administration fee is based on the value of your portfolio. It is calculated monthly and charged quarterly. The fee is automatically collected from the cash held on your account, in the same currency as your chosen portfolio.
If there is no cash on your account, the fee will result in your cash balance dropping below zero. No interest will be charged on negative balances resulting from fees.
Outstanding administration fees will automatically be deducted from additional funds transferred on to your account before being invested. If your cash balance remains negative one month after the Administration Fee is applied, the Bank may sell some of your holdings in order to cover the debt.
The ongoing charges for managing the portfolio are automatically deducted by BlackRock from the fund performance, and thus not invoiced to your account.