Do you know how high your trading fees are?

You only need to trade for a month, and your fees will be higher than your principal. As a large trader, I need to transfer 9000u in fees to him every week, which is ridiculously high. So how exactly are these fees calculated? Let me show you a calculation, and you'll understand.

Contract Trading:

A fee of 0.05% (0.0005) per transaction

Buying and selling once incurs a charge of 0.1% (0.001)

For a contract with 100x leverage, the fee is 100 × 0.001 = 0.1 (10%)

If you trade three times a day, the fee would be 0.1 × 3 = 0.3 (30%)

The accumulated trading fee for a month would be 30 × 0.3 = 9 (900%)

The accumulated trading fee for a year would be 12 × 9 = 108 (10800%)

With a $1000 margin for 100x leverage, the accumulated trading fee for a year would be $108000

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