The trading fee is required on the FameEX platform according to the fee rate level when making futures trading. The trading fee will only be charged after the order is completed, and will not be charged if the order is not completed.
Futures Trading Fees
Log in to your FameEX account, and click [Fees] at the footer of the official website homepage to enter the FameEX Fee interface. In this page, you can view the Futures fee rate and the corresponding trading fee rate.
● Futures trading fee rates are from VIP.0 to VIP.9. The higher the trading volume, the higher the level and the lower the fee rate.
● The fee rate level is related to the accumulated trading volume of the user in the past 30 days (in USDT). If the user's trading volume is less than 10,000,000 USDT, then the user's fee level is VIP.0, and the corresponding Maker is 0.02% and Taker is 0.04%; if the user's trading volume is greater than or equal to 10,000,000 USDT, but not more than 50,000,000 USDT, then the user’s fee level is VIP.1, and the corresponding Maker is 0.018% and Taker is 0.04%, and so on.
● The fee rate level will be changed according to the accumulated trading volume in the past 30 days, and it will be automatically updated at 00:00 (UTC+8) every day. After the update, the platform will charge the trading fee according to the preferential rate of the new level.
Futures Trading Fee = Quantity * Price * Fee Rate
For example, under the hedge-way position mode, a regular user (fee rate level is VIP.0) opened a Long BTCUSDT position with 0.5 BTC at the market price of 28,000 USDT as a Taker role; after that, the user closed this Long position at the limit price of 29,000 USDT, and the quantity was 0.5 BTC.
[Regular User’s Fee Rate: Maker：0.02%；Taker：0.04%]
Opening Fee: 0.5 * 28000 * 0.04% = 5.6 USDT
Closing Fee: 0.5 * 28000 * 0.02% = 2.8 USDT
1. Maker: A maker is a user who places an order that does not immediately match with existing orders in the market. Instead, the order is added to the order book and waits for other users to match with it. This action is referred to as being a Maker.
Taker: A taker is a user who places an order that immediately matches with existing orders in the order book. This action is referred to as being a Taker.
2. The trading fee is related to the position value of the user's actual transaction and the fee rate level. The higher the fee rate level, the lower the trading fee.