WikiFX

Reply

As an experienced trader, transparent and competitive fees are always central to my evaluation of any broker. With Derayah, I found it important to approach their fee structure with caution due to the company’s lack of regulatory oversight and low trust index. This means there’s typically less external scrutiny over pricing, so the full fee environment may not always be obvious up front. Looking at the explicit commission charges, Derayah specifies a 0.155% commission on trades made on the Saudi Stock Exchange (TASI) or Nomu, with a minimum of 0.01 SAR per transaction. For single stock options, there’s a flat 6.50 SAR charge per contract. Sukuk and bond transactions are charged at 0.08%, though with a minimum commission of 100 SAR. I have not found reference to spreads on their platforms, which makes it difficult to estimate the all-in trading cost for anything outside of listed shares or contracts. Additionally, there’s no public breakdown of fees for other international exchanges, nor for less common instrument types. In practice, I expose myself to potential hidden or unexpected costs when I use unregulated brokers, especially where spread transparency is lacking. I always compare such commission structures against regulated peers, looking for disclosures on all trading costs—because this can have a material impact on my net returns. Ultimately, Derayah's publicly posted commissions are clear for regional equity and bond trades, but as a prudent trader, I’m not fully convinced without full fee and spread transparency across asset classes.