This is an article about transaction fees. I believe many old users in the square have already activated rebates and saved a considerable amount on fees. This article mainly addresses beginners who have just started trading and old users who have not yet activated rebates.
I believe everyone should know that each transaction incurs a fee paid to the exchange. So what is this fee percentage?
Our orders can be divided into two types: market orders, such as stop-loss orders, take-profit orders, and market buy orders, which are executed at market price. The fee for this type of order is 0.05%. If we use 100x leverage to open a position, the fee will account for 5% of your principal. For example, if the principal is 1000 dollars, the fee will be 5 dollars. The other type is limit orders, which can be set in advance to open or close positions, and the fee for this type of order is 0.02%.
On average, for a normal contract trade (calculated at 100x leverage), the transaction fee is about 4%-10% of the principal.
If we break even, we only need to open 25 to 10 contracts, and we will lose everything due to the transaction fees.
So when trading contracts, it is essential to pay attention to the risk-reward ratio and avoid opening positions frequently.
To achieve good results, one must first have the right tools. Before trading, we can fully activate rebates to reduce our fee expenses. In the long run, this will amount to a significant sum.
So what are the benefits and advantages of opening a rebate with me?
1. Compared to others who receive rebates every Monday, our rebates are more timely; today's transaction fees will be credited by 9 PM tonight.
2. Compared to regular user links, the rebate lasts only one year, while KOL links have a permanent rebate duration.
3. Compared to most platforms that only offer a 20% rebate, we provide 25% rebate daily.
Wishing everyone successful trades.