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Does Derayah charge any undisclosed fees for making deposits or withdrawals?

Broker Issues
Derayah
Fees and Spreads
05-24
United States
WikiFX
Reply

As an experienced trader with a cautious approach to broker selection, I always pay close attention to fee transparency, especially regarding deposits and withdrawals. When I evaluated Derayah, I noticed that while their fee structure for trading various instruments in local and some international markets is clearly stated, there isn’t any mention of charges specifically for deposits or withdrawals on the information available to me. For me, the absence of this detail is a point of concern. In my years of trading, I’ve learned that clear disclosure of all potential costs is a hallmark of trustworthy brokers, particularly those regulated by reputable authorities. Derayah, according to my research, operates without valid regulation. This immediately requires me to be more vigilant, as unregulated brokers do not have to follow the same transparency standards enforced by financial authorities. Based on the data I found, Derayah lists well-defined fees for trading activities, but without explicit information about deposit and withdrawal fees, I cannot confidently rule out the possibility of such charges. For my own trading, I would reach out directly to customer support before depositing any funds to get written confirmation about all costs involved. In summary, until I had clear, written communication from Derayah confirming their stance on deposit and withdrawal fees, I would assume there is a risk of undisclosed charges, and act with appropriate caution.

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