I have a lot to say about this; the contract fees are divided into two parts: opening and closing positions.
Each time is divided into limit orders and market orders.
The following examples are based on 100x contracts, as 1x is basically 0.002%/0.005%, which is very little.
Currently, on most platforms, the order fee is basically 2% of the principal. If you place an order with 10,000 U, a fee of 200 U will be deducted when opening a position, while if you buy directly, a fee of 500 U will be deducted at once.
The platform claims that limit orders increase liquidity, so the fees are lower, while direct purchases do not appear on the limit order list, resulting in higher fees.
Opening position + closing position, both using limit orders, will incur a fee of 4% of the principal, which is 400 U.
If you buy directly, the fee is 10% of the principal, which is 1,000 U.
If you want to save on fees, it's best to use limit orders.
The contract fees are still relatively high, but most platforms can return fees now. Here I can return 70% of the fees, so overall, the fees are not considered high.
The main thing is to be on the right track; those who really do high-leverage contracts often don't care about those small fees.
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