Newbie Pitfall Guide: Rebates Help You Save Unnecessary Expenses
Many friends who trade contracts are still unaware of the terrifying nature of trading fees, and they often overlook this small amount of fees, especially short-term traders. Sometimes, the transaction fees from market orders can take up a large portion of profits. Today, I will explain in detail how contract fees are calculated.
For example: Opening 1 contract at the current price of 107,000u: The fee for a limit order is 0.02%.
107000×0.02%=21.4u
Opening and closing one limit order results in a fee of 42.8u.
The fee for a market order is 0.05%.
107000×0.05%=53.5u
Opening and closing results in a fee of 107u.
Even if you enter with a limit order and exit with a market order, the total fees would be 42.8 + 107 = 149.8u.
For one transaction, the fee is at least 42.8u, and at most 107u.
If you open two trades in a day, calculating with 42.8u, it's 42.8×2=85.6u.
In a month, if you take weekends off and trade for 22 days, that's 22×85.6=1833.2u.
With rebates, you can save at least a few hundred u in a month.
Does this u have to be given to the platform for free? Therefore, I suggest everyone definitely opt for rebates, but make sure to choose one of the top platforms for this. If one day you accidentally face liquidation, having rebates gives you another chance to rise again.
Now, existing users can open accounts without changing their real name or phone number, and many people are still unaware of this, wasting a lot of unnecessary money.
I don't need to say much about transaction fees; you all know a lot about them. Open an account to save money and leave yourself an escape route. When facing losses, having the opportunity to make a comeback is crucial.
