Hey, so a bit of an update for you all. I got the binders today! And I have to say...for the price, and considering it's a product from Asia which means generally made for small bodies, this binder is pretty darn good. If you've listened to me talk about binders then you KNOW how picky I am. Basically, my heart has been set on the underworks 997 (the long one with double compression in the front). Now, the 997 does a fantastic job. It binds my chest, it sucks in my gut. I love the crap out of it.
When I saw a $10 binder, I was skeptical. I mean, $10 isn't much. I thought that it might not fit my body, it might not compress that well, blah blah blah. I was wrong. I was very very very wrong. This binder is great. This is coming from a "fat guy" with a fairly large chest (saggy too). I'm not sure if I would go as far as to say that I like this binder more than the 997, but it's pretty damn close.
I ordered two, one in an XL, one in XXL. I was concerned that with my belly and hips that it would be too tight or restricting. IT'S NOT! The fabric is similar to those on a-frame muscle shirts.

Seen above. You know the type (I don't like using the language most people say to describe those shirts).
It has that rippled sort of texture where it's able to stretch and conform easily and freely. The binder itself is probably a nylon. It's a strong synthetic that doesn't have give. The "stretch" that exists comes from the three straps on the side that are made of elastic. If you have an allergy to elastic material, you might need to avoid this.
Pros:
Gets my chest fairly flat
Can be worn without anything over it
Has some leeway for adjustments
Comes in a variety of colors
Non-chest fabric is breathable
Very inexpensive
Cons:
The closure can be difficult to close
The sizing is a bit off...I was in between a XL and XXL but the XXL was difficult to put on with the loosest setting
The armpit hole is a little high but it's not THAT bad
Neutral things:
no belly/hip binding
Made for short people. The length is just right for me, maybe a tiny bit too short. Would not recommend for anybody with a long torso or over maybe 5 foot 5?
I think that's about it. I only have one picture of me wearing it because that's all I took:

Gives you a pretty good idea of the fit.