What Account Types and Fees Does Derayah Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low costs, user-friendly interface |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Access to advanced trading tools, higher leverage |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Custom services, dedicated account management |
Requires corporate documentation |
| Islamic Account |
Traders seeking compliant options |
Swap-free trading |
Available upon request, subject to eligibility |
| Demo Account |
New traders |
Practice trading without risk |
Ideal for testing strategies |
Account Opening Process
To open an account with Derayah, prospective traders must follow a straightforward process. Initially, they will need to provide personal information, including their name, contact details, and date of birth. Following this, employment information, such as job title and employer details, is required. Financial information, including income sources and trading experience, must also be submitted. Identity verification is an essential step, necessitating the provision of identification documents and proof of address. Once the basic information is verified, traders can enjoy account flexibility, with the option to upgrade to a professional account as their trading needs evolve.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
[Not specified] |
[Not specified] |
Spreads and commissions vary |
| CFDs (Stocks) |
[Not specified] |
[Not specified] |
Fees apply to traded value |
| CFDs (Indices) |
[Not specified] |
[Not specified] |
Fees apply to traded value |
| CFDs (Commodities) |
[Not specified] |
[Not specified] |
Fees apply to traded value |
| Cryptocurrencies |
[Not specified] |
[Not specified] |
Variable fees based on market conditions |
Other Fees
In addition to trading fees, traders should be aware of various other costs associated with their accounts. These may include deposit and withdrawal fees, which can vary depending on the chosen payment method. An inactivity fee may apply if accounts remain dormant for extended periods. Platform usage fees are not specified but could be relevant for certain services. Traders should also consider the potential for overnight interest (swap rates) on positions held overnight, as well as any currency conversion fees that may apply when trading in different currencies.
