I'm sorry, I need to clarify that I'm not just referring to the high contract fees of BG, but rather that all exchange contract fees are high. The MT4 platform has no fees, only a spread of 0.03%, while the current market price for exchanges is 0.1% for both buy and sell. With the current price of BTC being over 110,000, you can't exit a position without at least 110+ points.

With such high fees, after returning 60% to KOLs, the actual fee for the exchange is only about 0.04%, which is similar to the MT4 platform. In the already mature cryptocurrency market, KOLs have no real function; they are just vampires (last year, the top rebate earner on OKX made as much as 50 million). This only leads to customers continuously canceling and transferring, competing for lines. My intention is to hope that BG dares to be the first in the world and directly lowers the fees to 0.04%.

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