The contract fees are high, why is that? How can we save money?

According to the fee calculation formula: Fee = Position Value × Fee Rate
It can be deduced why the fees are high and ways to save money:
1. High value of position
The position value far exceeding the principal means that high leverage has been opened. For example, if you only have 100U and open 100 times leverage. After a complete trade, the fee expenditure ranges from 4U to 10U. A fee of 4% to 10% of the principal, who wouldn't find it expensive?
2. Issues with Limit and Market Order Fee Rates
Those who are attentive will notice that the first fee I calculated is 4U-10U, which is because I calculated it based on the fee rates of 0.02% for limit orders and 0.015% for market orders for ordinary users.
It is clear that the expenditure on limit order fees is far lower than that on market order fees.
So the second point is to make more use of limit orders in trading.
Of course, other cost-saving methods can also be derived based on the platform's policies.
3. VIP Level
This is a way to gradually reduce trading fees based on the user's VIP level. Of course, reaching the VIP level requires certain requirements and trading volume. For users without sufficient funds, this method is not useful.
4. Exchange Rebate Mechanism (which saves money and earns extra money)
This is also applicable to all users. The rebate is an incentive mechanism offered by the platform for new users, providing a certain percentage of transaction fees back to users who trade.
How to get a commission back?
Users can enjoy rebates by entering an invitation code when registering an account.
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