How to check the transaction fees?

A friend of mine had a principal of 100u yesterday and opened a position with fifty times leverage, so his position value was 5000u. Let's calculate what his transaction fees are: assuming a market rate of 0.0015, then his transaction fee for opening a position is 2.5u, plus the closing fee, which brings it to 5u. Assuming he opens positions three times a day and trades 22 days a month, his transaction fees would be 330, which is more than three times his principal.

How are transaction fees calculated?

Position Value ✖️ Fee Rate = Transaction Fee

(100✖️50)✖️0.0005=2.5

A complete trade consists of opening and closing a position, so that's 5u.

If your profit status for this month is break-even, then by using the invitation ID to enable commission rebates, you will be in profit, and even if you accidentally incur a small loss, you will still be in profit after considering the rebates.

This is why many people, while trading, enable commission rebates and find it really beneficial after doing so.

The method for checking transaction fees is shown in the image, and you can check it yourself.