Many people are unclear about how contract trading fees work, so today I will explain it in detail.

Fees are often the most overlooked cost during the trading process. Taking the trading fees on Binance as an example, we can calculate it as follows:

Assuming your principal is $1000:

1⃣️ If you use 10x leverage, your trading amount will be enlarged to $10,000. If we calculate with a rate of 0.05%, the fee for each trade would be $5.

Completing a contract trade, including opening and closing positions, the total fee would be $10.

In summary: If you use 10x leverage and conduct 5 contract trades daily,

The daily fee would be: 5 trades * $10 = $50;

The monthly fee would be: $50 * 30 days = $1500;

The yearly fee would be: $1500 * 12 months = $18,000.

2⃣️ If you use 20x leverage, the trading amount will be enlarged to $20,000, and the fee for each trade would be $10.

Completing a contract trade, the total fee would be $20.

In summary: If you use 20x leverage and conduct 5 contract trades daily,

The daily fee would be: 5 trades * $20 = $100;

The monthly fee would be: $100 * 30 days = $3000;

The yearly fee would be: $3000 * 12 months = $36,000.

This is just based on calculations with 10x and 20x leverage. If higher leverage is used, such as 100x, the fees will be even more astonishing.

From these calculations, we can see that over a year, fees could reach tens of thousands of dollars. Therefore, the fees saved translate into profit earned. Even in cases of mishandling that lead to liquidation, the refunded fees can provide you with capital to start over. Thus, reasonable planning and management of trading costs are crucial for long-term profitability.

So this is why I urge everyone to open a fee rebate. Click on the post below 👇👇👇 to follow the steps to activate it, and the system will automatically refund a portion of the fees. I personally transfer the fees directly to each individual's ID; regardless of the amount, it will be settled every Monday, safe, reliable, and trustworthy.