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What taker fees really cost
A 0.06% fee sounds trivial. But fees are charged on notional, not on your margin.
Take 20,000 dollars of exposure on 2,000 dollars of margin: in and out costs about 24 dollars — 1.2% of what you actually put up, before price moves at all.
Trade ten times a week and fees alone take over 60% of your margin a year. This is why frequency kills more accounts than direction.
Run it on your own numbers
Venues quote percentages, so the number looks small. Enter your monthly volume to see what it becomes in a year across 8 venues, ranked in money.
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