Derayah

Drawing from my experience as a trader, what’s immediately concerning with Derayah is that there’s no published information on whether they offer fixed or variable spreads. In my due diligence, I always look for clarity here, as it’s essential for risk planning—particularly during volatile events. Without transparency on spreads, it’s impossible for me to gauge how my trading costs might change when markets move quickly due to news or other catalysts. From what I can see, Derayah does not support forex trading at all—their product range is focused strictly on stocks, bonds (including sukuk), futures, and options. On equities like the Saudi Stock Exchange (TASI) or Nomu, the commission is a percentage of the traded value, rather than a traditional spread. This model means execution costs are largely determined by fixed commissions rather than bid/ask spreads that widen in volatility as with most forex or CFD brokers. If Derayah did offer forex or leveraged products, the lack of regulatory oversight and the absence of specifics about their fee structure would make me extremely cautious. Volatile conditions generally exacerbate hidden costs at unregulated brokers. For me, not knowing how my trading expenses could spike during fast-moving markets is a risk I’m unwilling to take. Ultimately, if tight spread control or clarity on order execution during news events is central to your strategy, Derayah—as it stands—doesn’t provide the transparency or regulatory safeguards I require for active trading.

From my own investigation and trading experience, I found that Derayah is not overseen by any recognized financial regulatory authority. According to the available background, there is no valid regulatory certificate for this broker, and this alone raises a substantial red flag in my trading process. When a broker operates without proper supervision from a reputable regulator, such as the FCA, ASIC, or CySEC, I personally see this as introducing a high level of risk to client funds and operational practices. For me, regulatory oversight is fundamental because it holds brokers accountable to a strict set of standards designed to protect clients—from segregation of funds to regular audits and fair dispute resolution channels. The absence of such oversight with Derayah means there’s no external body ensuring their compliance or providing a safety net if something goes wrong. As a risk-conscious trader, I take the lack of regulation seriously. In my view, even if their trading platforms and product variety seem to meet certain needs, the regulatory gap is too significant to ignore for anyone prioritizing account safety and transparency. This is why I always approach unregulated brokers with extreme caution and recommend careful due diligence before considering any engagement.

In my experience as a trader focused on due diligence and risk management, I approached Derayah with the expectation that a Saudi-based broker might prioritize Sharia-compliant options, such as swap-free (Islamic) accounts. However, after thoroughly examining all available information, I didn’t find any clear mention or confirmation of a swap-free or Islamic account feature at Derayah. What I did see was that the broker provides access to both conventional and Sukuk (Islamic) bonds, which reflects some awareness of regional preferences and Sharia compliance in their investment products. Still, Sukuk are investment instruments, not indicators of derivatives trading conditions or swap policies. Given that Derayah is unregulated by any well-known financial authority, I remain highly cautious about assuming the presence of such a critical account feature without direct, transparent disclosure. For me, the lack of explicit information about swap-free accounts, especially on a regional broker’s official offerings, is a point of concern. When considering any broker, particularly unregulated ones, I prioritize clarity around account types and all associated costs and practices. In summary, based on the evidence currently available, I cannot confirm that Derayah offers a swap-free account, and I would urge anyone with specific Islamic trading needs to seek unequivocal written confirmation from the broker before proceeding.

In my experience as a trader, Derayah offers some specific advantages worth mentioning, though caution is essential. First, Derayah gives access to both regional and international markets, which is valuable for diversifying exposure. I’ve found it helpful to be able to invest directly in the Saudi Stock Exchange, Nomu, and also in large international markets like NYSE and NASDAQ from a unified platform. This range could suit traders wanting to blend local and global equities and derivative products. Second, the broker's transparent fee structure appeals to me, especially for stock transactions in the Saudi market. The published rates for trading on TASI and Nomu are straightforward and competitive, making it easier to estimate costs and avoid unexpected charges. This cost clarity is something I look for to manage expenses strictly. Finally, the availability of both the Derayah Platform and Derayah Global Platform provides flexibility for different investment approaches. Although information about platform features is limited, the presence of multiple platforms typically supports varied trading styles. That said, it’s critical to note that Derayah is unregulated, which raises substantial risk concerns for me. While the benefits are tangible, anyone considering this broker should weigh them carefully against the potential downsides, especially regarding regulatory protections.