Recently, there have been many people in the square engaging in scam rebates.
They claim they can return 35%. So what is the actual situation? How coincidental, on May 5th, I asked the customer service manager about this. My customer service manager told me that the official regulations state that spot trading cannot exceed 35%, and contracts cannot exceed 25.
Exceeding the official regulations is considered a violation, and accounts can be frozen and funds recovered. So do you think they would choose to violate the rules to give you a rebate, or just scam you and keep the money for themselves?
From my trading data, the trading volume of contracts is 24 times less than that of spot trading. The difference in transaction fees generated over the past three days is as high as over 100 times.
All transaction fees generated show that contracts also incur more than 80 times the fees compared to spot trading.
So the 35% they tell you can only happen in two scenarios: either they are scamming you and not actually giving that much back. What they refer to as 35% is only for spot trading.
Or they are taking the risk of being penalized and having their account frozen to give you a rebate (which is unrealistic).
