June 7, 2025

Today I encountered the 'inverse' of Binance's contract rules. I have experienced multiple contract liquidations before, and I have never fully understood the forced liquidation fees. Today, the EDU contract was liquidated, resulting in a loss of $250, but I was also notified of a deduction of $340. When I inquired with customer service, they said that $100 is the forced liquidation fee. My goodness, a forced liquidation of $250 incurs a $100 fee; that's a bit excessive. When I explained this to customer service, they said it's the rules and that I should understand. The rules are there, but it's hard for me to accept and understand; I think others would feel the same. The rules are set by your company!!! Speaking of rules, I’m speechless, but at the very least, it should be relatively fair. I have already suffered significant losses from the forced liquidation, and now you're hitting me with another fee; isn't this just adding insult to injury???!!!

I hope everyone learns from this; when trading contracts, be sure to set a stop-loss price.