Should we pay more attention to contract trading fee expenses?
Some new beginners encounter a group of scammers when they start in the market, who want to trick you into thinking that 'trading contracts with small amounts of money incurs minimal fees, so it doesn't matter at all.'
This is either bragging or a lack of understanding. For the simplest example, if you take 1000U to engage in contract trading with a leverage of only 20 times, trading 3 times a day. The fees are calculated based on the minimum expense of 0.02% per side, with an opening and closing counted as 0.04%.
1000U×20 times×0.04%×3=24U
From this calculation, the daily fee expense is 24U. The monthly fee is 720U.
This accounts for 72% of the principal, so how can one say that the fees are minimal?
If you have a fee rebate, even if the overall account balance is at a break-even point, you are actually in profit. If you only incur a small loss, with a fee rebate, you are still in a profitable position.
So those who incur losses without rebates are losing their own money. Everyone can also check the fee expenses in the fund details by following the steps in the image.
