WikiFX

Reply

Based on my experience exploring Derayah as a trading option, I have to clarify that Derayah is not a typical forex broker and does not offer ECN or raw spread accounts in the way many international forex brokers do. Their primary focus seems to be on providing access to regional and global stock and bond markets, offering instruments such as stocks, sukuk and conventional bonds, options, and futures, but not forex or commodities. When I examined their fee structure, I found clear information about commissions for stocks and bonds (for example, 0.155% of the traded value on the Saudi Stock Exchange and flat fees for options), yet there was no mention of lot-based commissions or spreads typical of ECN forex trading accounts. It's important to note that Derayah operates without any valid regulation from recognized financial authorities, and this inherently raises the level of risk for any trader. From a risk management standpoint, this alone is a concern, especially when dealing with a broker outside of commonly overseen regulatory environments. For those specifically looking for forex trading or raw spread, lot-commission accounts, Derayah simply does not provide this product offering. In my opinion, it’s necessary to consider more established, well-regulated brokers that cater directly to forex traders if that is your aim, especially to safeguard your capital and ensure transparent cost structures.