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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.