It's not every trading platform that will charge you the likes of commissions and the alike, and also asset being traded matters especially if you trade forex...but for the likes of commodities, indices, crypto these shouldn't attract unnecessary fees unless you take it up with your broker!!
Btw, lot size will also matter...so if you are over leveraging your account expect to pay more of these fees.
Otherwise, where I trade crypto is commission free and whatever profits you see, that's pretty much what you get.
Topic: Is Trading Costing Us More Than We Think? - page 2. (Read 1051 times)
We always have the option to switch, but from what I see, major exchanges generally have similar fees. Maybe we noticed that smaller exchanges might offer lower fees, but we need to be cautious because some of them could be scam sites. For me, fees don’t matter much as long as they are manageable; it is better than risking our money on untrustworthy platforms.
Yes, if OP or anyone takes the time to compare, it can be seen that the fees of reputable exchanges will not have too big and insignificant differences.
Besides, everything has its price and with the choice of low-fee exchanges. In addition to the possibility of being scammed, we may encounter problems such as low liquidity or poor customer service and especially information security, assets will not be more guaranteed than with reputable exchanges. So don't just because of a small fee and make decisions that get us into bigger unnecessary troubles.
These exchanges are out for business and they all will want to set competitive trading fees for users and that's what makes it's a choice for users to choose which platform with favourable fees for them but I'm doing so they ought to remember not choosing an exchange because it's with a very low fees without considering it's reputation and longtime standing in the industry to avoid losing our funds to scam exchanges.
Consideration of trading fees and any transaction fees on a particular exchange is the second option after knowing about the value and rating of the exchange. Because the level of security and also the level of good reputation on an exchange must be the main benchmark for every user and especially for all traders who often put a certain amount of money into the exchange in order to facilitate their work as traders. Moreover, after seeing the level of fees on an exchange and comparing it with other exchanges, the difference itself is not that big or not that striking. So this should not be a serious problem for every user because the most important thing here is the level of security and also the speed of an exchange in serving every transaction from its own users. 
From what I've learned the exchanges don't really care about what you experience, what they think is from their business side, not from your side, if you feel that the trading fees on the platform are high and you think it's not fair, then you can switch to another platform that offers lower fees compared to what they offer. It's as simple as that. And I think, some of the popular exchanges nowadays have reasonable fees and various programs and rewards that are very helpful for traders - and if you feel that it's not enough, then what you need is how you can get more profit from your trading, because if you profit hundreds of dollars, paying fees is not a big problem.
We always have the option to switch, but from what I see, major exchanges generally have similar fees. Maybe we noticed that smaller exchanges might offer lower fees, but we need to be cautious because some of them could be scam sites. For me, fees don’t matter much as long as they are manageable; it is better than risking our money on untrustworthy platforms.In my opinion, fees only become an issue if we’re constantly depositing and withdrawing our money. As many traders practice, they don’t completely empty their wallets. They leave some funds for future trades, which helps minimize transaction costs over time.
A while back, I took a hard look at how much I was spending on trading fees. Futures, spot, perpetuals, it didn’t matter. The total hit me like a punch to the gut. For every trade I carefully planned, a chunk of my profit was quietly eaten away. And the more I traded, the worse it got.
-cut-
I’ve heard rumors of platforms offering permanent rebates or incentives tied to certain apps, but I haven’t looked too deeply yet. What about you? Have you come across any tools or events that actually help with fees or rewards? I’d love to hear what’s working
I don't trade in futures or in margin trading but only in spot so fees are not that much in spot yeah if I would add fee from all of the trades they would be a big number but still If I am not wrong they won't be more than even a $1. As in Spot I don't make that much trades. Speaking of futures AFAIK they have to pay the commission fee every for every 8 hours (On Binance) and other exchanges can have their own parameter. -cut-
I’ve heard rumors of platforms offering permanent rebates or incentives tied to certain apps, but I haven’t looked too deeply yet. What about you? Have you come across any tools or events that actually help with fees or rewards? I’d love to hear what’s working
Can you give us an exact number of how much fee collectively they have deducted from you, I think you could only calculate the data of the past 6 months (max) as most of the exchanges don't provide historical data beyond this. Using the native token of the CEX can help reduce the fee like BNB for Binance, and BGB is I think native for Bitgetwallet and Gate has their own token.
From what I've learned the exchanges don't really care about what you experience, what they think is from their business side, not from your side, if you feel that the trading fees on the platform are high and you think it's not fair, then you can switch to another platform that offers lower fees compared to what they offer. It's as simple as that. And I think, some of the popular exchanges nowadays have reasonable fees and various programs and rewards that are very helpful for traders.
Switching exchanges isn't that easy because you don't know what the fate of that new exchange holds for you. You might've been receiving successful transaction on present exchange and when you switch, you start to decline. You'll also get introduced to new tokens that mightn't give you the victories that you use to get when trading in the other exchange. You also have to consider what the different exchanges offer in trading experience and that's why I do not switch between exchange that frequently when trading.
From what I've learned the exchanges don't really care about what you experience, what they think is from their business side, not from your side, if you feel that the trading fees on the platform are high and you think it's not fair, then you can switch to another platform that offers lower fees compared to what they offer. It's as simple as that. And I think, some of the popular exchanges nowadays have reasonable fees and various programs and rewards that are very helpful for traders.
Switching exchanges isn't that easy because you don't know what the fate of that new exchange holds for you. You might've been receiving successful transaction on present exchange and when you switch, you start to decline. You'll also get introduced to new tokens that mightn't give you the victories that you use to get when trading in the other exchange. You also have to consider what the different exchanges offer in trading experience and that's why I do not switch between exchange that frequently when trading.
The fees as you have said aren't that high or possible I haven't traded that large sum to get billed more so I can't relate but for my trading, I consider the fees I get charged as alright. But for the general assumption that trading is profitable, I think it's not and we have people losing more than they're being victorious.
From what I've learned the exchanges don't really care about what you experience, what they think is from their business side, not from your side, if you feel that the trading fees on the platform are high and you think it's not fair, then you can switch to another platform that offers lower fees compared to what they offer. It's as simple as that. And I think, some of the popular exchanges nowadays have reasonable fees and various programs and rewards that are very helpful for traders - and if you feel that it's not enough, then what you need is how you can get more profit from your trading, because if you profit hundreds of dollars, paying fees is not a big problem.
The exchanges we use for trading do use those fees in running their day to day services of the platform and also to the welfare of their employees and paying of taxes to the authority. With all of these considered I don't find it as anything to worry about. What should be of immense concern to a trader is how he can maximise his trading skills and strategies to making huge profits than losses because what those trading platforms take as fees is nothing compared to what most of us loss on a bad trade.
You may be right - it's only a concern if the depo is such a big pile of funds or a trader does trades very, veryyyy often.
Otherwise - it may not be such a big problem.
The exchanges we use for trading do use those fees in running their day to day services of the platform and also to the welfare of their employees and paying of taxes to the authority. With all of these considered I don't find it as anything to worry about. What should be of immense concern to a trader is how he can maximise his trading skills and strategies to making huge profits than losses because what those trading platforms take as fees is nothing compared to what most of us loss on a bad trade.
You may be right - it's only a concern if the depo is such a big pile of funds or a trader does trades very, veryyyy often.
Otherwise - it may not be such a big problem.
You can use the native token of the exchange to pay the fees, this will allow you to save a little on fees, but you can't get rid of fees because that's what the exchanges make money on...
Even now, it remains a mystery to me why an exchange like Bybit did not introduce discounts on payment with the MNT token, at a time when even new exchanges provide such a service. Such a discount when paying with an exchange token strengthens not only the coin itself, but also allows traders to slightly reduce costs.
Truly a mystery.
Didn't try it or any other token in fact, to grab the discounts for trades (they are not that big for me to consider the option), but still - I think it would be much appreciated by people who are interested more in such thing.
The exchanges we use for trading do use those fees in running their day to day services of the platform and also to the welfare of their employees and paying of taxes to the authority. With all of these considered I don't find it as anything to worry about. What should be of immense concern to a trader is how he can maximise his trading skills and strategies to making huge profits than losses because what those trading platforms take as fees is nothing compared to what most of us loss on a bad trade.
A while back, I took a hard look at how much I was spending on trading fees. Futures, spot, perpetuals, it didn’t matter. The total hit me like a punch to the gut. For every trade I carefully planned, a chunk of my profit was quietly eaten away. And the more I traded, the worse it got.
I never calculated how much it cost to trade and maybe each exchange has different fees.
Exchanges are also part of the business so it is impossible for them not to charge a fee for every trade we make because in essence they already provide a service so that fees will definitely be charged for everyone who uses the exchange.
But what needs to be thought about is not the issue of costs but the need to improve skills so that every trade made can be profitable.
If the issue of costs is the problem, should we stop trading or make transactions and I think the trading costs are not too big because the exchange have have adjusted.
You can use the native token of the exchange to pay the fees, this will allow you to save a little on fees, but you can't get rid of fees because that's what the exchanges make money on...
Even now, it remains a mystery to me why an exchange like Bybit did not introduce discounts on payment with the MNT token, at a time when even new exchanges provide such a service. Such a discount when paying with an exchange token strengthens not only the coin itself, but also allows traders to slightly reduce costs.
Trading is not for the weak or the lazy.
It's for the resourceful and determined people.
You either understand this or lose your depo trying.
Actually most things in life are, but crypto, gambling, trading, especially needs people to be determined to know everything, to inform themselves, and to realize they are at disadvantage as soon as they start.
Too many people waste time on gaining free things. Short roads have bad endings
You can use the native token of the exchange to pay the fees, this will allow you to save a little on fees,
Only if you high volume trader. You will end up losing money buying shit tokens going down in price over time.
You can use the native token of the exchange to pay the fees, this will allow you to save a little on fees, but you can't get rid of fees because that's what the exchanges make money on. If I trade, then mostly it's spot trading, I know how much I enter the deal with and I know how much I need to exit with so I don't worry about how much I spend on fees, I just take it for granted that I can't get rid of.
I always tell people one fact. You are at a loss as soon as you open your trade.
First because of the spread. As soon as you buy or sell, you already have to close at a better price.
Second the fee/commission. Small, but if you open 10 trades, the 0.05% becomes 0.5%. 100 trades and you are out 5%.
Then people forget about deposit and withdrawal costs
Trading is not for the weak or the lazy.
First because of the spread. As soon as you buy or sell, you already have to close at a better price.
Second the fee/commission. Small, but if you open 10 trades, the 0.05% becomes 0.5%. 100 trades and you are out 5%.
Then people forget about deposit and withdrawal costs
Trading is not for the weak or the lazy.
It's for the resourceful and determined people.
You either understand this or lose your depo trying.
A while back, I took a hard look at how much I was spending on trading fees. Futures, spot, perpetuals, it didn’t matter. The total hit me like a punch to the gut. For every trade I carefully planned, a chunk of my profit was quietly eaten away. And the more I traded, the worse it got.
Don’t get me wrong, I’ve had my wins. There’s nothing like the thrill of catching a perfect market move. But when I looked closer, I realized the fees were taking a bigger piece of the pie than I’d like to admit. It got me wondering, why don’t more platforms offer something meaningful to offset these costs?
Sure, I’ve heard about discounts and bonuses here and there, but they often feel temporary or hard to access. What if there was a way to consistently cut fees or even get rewarded for trading? Wouldn’t that make the whole game more sustainable, especially for smaller traders like me trying to scale up?
I’ve heard rumors of platforms offering permanent rebates or incentives tied to certain apps, but I haven’t looked too deeply yet. What about you? Have you come across any tools or events that actually help with fees or rewards? I’d love to hear what’s working
There are many things that you have to consider during trading. First of all, everything depends on which platform you choose for trading and how big trader you are. The bigger the trader you are (I mean capital), the better the fees are for you.Don’t get me wrong, I’ve had my wins. There’s nothing like the thrill of catching a perfect market move. But when I looked closer, I realized the fees were taking a bigger piece of the pie than I’d like to admit. It got me wondering, why don’t more platforms offer something meaningful to offset these costs?
Sure, I’ve heard about discounts and bonuses here and there, but they often feel temporary or hard to access. What if there was a way to consistently cut fees or even get rewarded for trading? Wouldn’t that make the whole game more sustainable, especially for smaller traders like me trying to scale up?
I’ve heard rumors of platforms offering permanent rebates or incentives tied to certain apps, but I haven’t looked too deeply yet. What about you? Have you come across any tools or events that actually help with fees or rewards? I’d love to hear what’s working
For example, Coinbase charges users high fees, which sometimes can go up to 0.6%, which is a huge fee to my mind but there are things that you can do to avoid paying such a high fee and there are some tricks written in this article: https://help.coinbase.com/en/exchange/trading-and-funding/exchange-fees
Binance trading fees for regular users are up to 0.1% but if you hold some BNB and your 30-day trade volume is more than 1 million USD, you can save yourself from paying a significant portion of fees, here is the table: https://www.binance.com/en/fee/schedule
Fees on Kraken can go up to 0.4%, check this: https://www.kraken.com/features/fee-schedule#spot-crypto
I won't include every trading platform but you can google fees of each of them. Overall, Binance is the best option for an average user but for advanced users, depends on their capital range, there is a competitive market.
I always tell people one fact. You are at a loss as soon as you open your trade.
First because of the spread. As soon as you buy or sell, you already have to close at a better price.
Second the fee/commission. Small, but if you open 10 trades, the 0.05% becomes 0.5%. 100 trades and you are out 5%.
Then people forget about deposit and withdrawal costs
Trading is not for the weak or the lazy.
First because of the spread. As soon as you buy or sell, you already have to close at a better price.
Second the fee/commission. Small, but if you open 10 trades, the 0.05% becomes 0.5%. 100 trades and you are out 5%.
Then people forget about deposit and withdrawal costs
Trading is not for the weak or the lazy.
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A while back, I took a hard look at how much I was spending on trading fees. Futures, spot, perpetuals, it didn’t matter. The total hit me like a punch to the gut. For every trade I carefully planned, a chunk of my profit was quietly eaten away. And the more I traded, the worse it got.
If done excessively and not supported by good skills, I can say that the trades made will never be successful and instead we will see continuous losses. This is why most beginners come into trading just because they are motivated to make money but they don’t understand how to do it properly so as not to lose money.Don’t get me wrong, I’ve had my wins. There’s nothing like the thrill of catching a perfect market move. But when I looked closer, I realized the fees were taking a bigger piece of the pie than I’d like to admit. It got me wondering, why don’t more platforms offer something meaningful to offset these costs?
If you enter into spot trading then any reward will be much more balanced, except when trading in futures because it will be very detrimental when you experience a loss based on one trade. In conclusion you understand better how to trade where forcing yourself to trade with poor skills will actually harm you. If you do not have the knowledge and experience then you should learn spot trading because there it will be much easier by taking a trading approach to more fundamental coins. Jump to: