Derayah broker Accounts

derayah Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

derayah Account Types Explained

Derayah Financial offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types, their features, and the target user profiles.

1. Derayah Global Account

• Minimum Deposit Requirement: 1 SAR
• Spread/Commission Structure: 0% commission on U.S. stocks and ETFs; competitive fees for other markets.
• Leverage Options: Up to 1:100 for Forex trading.
• Key Features: Access to U.S. stocks, ETFs, and various international markets; real-time trading.
• Target User Profile: Suitable for both beginners and experienced traders.
• Trading Instruments Available: Stocks, ETFs, bonds, derivatives.

2. Derayah Local Account

• Minimum Deposit Requirement: 1 SAR
• Spread/Commission Structure: Low commissions starting from 0.01 SAR.
• Leverage Options: Varies by asset class.
• Key Features: Access to local Saudi markets; personal account manager.
• Target User Profile: Ideal for local investors looking to trade in the Saudi market.
• Trading Instruments Available: Local equities, mutual funds, and fixed income.

3. Derayah Margin Account

• Minimum Deposit Requirement: 5,000 SAR
• Spread/Commission Structure: Competitive margin fees.
• Leverage Options: Up to 1:50.
• Key Features: Increased buying power through margin trading.
• Target User Profile: Advanced traders looking to leverage their positions.
• Trading Instruments Available: Stocks, ETFs, and derivatives.

4. Derayah Islamic Account

• Minimum Deposit Requirement: 1 SAR
• Spread/Commission Structure: Similar to standard accounts but swap-free.
• Leverage Options: Up to 1:100.
• Key Features: Complies with Sharia law; no interest charges.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Stocks, ETFs, and mutual funds.

5. Derayah Demo Account

• Minimum Deposit Requirement: None (virtual funds).
• Spread/Commission Structure: Simulated trading environment.
• Leverage Options: Same as live accounts.
• Key Features: Practice trading strategies without financial risk.
• Target User Profile: Beginners wanting to learn trading before investing real money.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Derayah Demo Account, Derayah Global Account
• Intermediate: Derayah Local Account
• Advanced: Derayah Margin Account, Derayah Islamic Account

Detailed derayah Account Features

Feature Comparison Across Account Types

Advantages of Each Account Type

• Derayah Global Account:

• Access to international markets.

• No commission on U.S. stocks.

• User-friendly platform.

• Derayah Local Account:

• Low entry barrier with 1 SAR.

• Personalized account management.

• Focus on local investment opportunities.

• Derayah Margin Account:

• Increased purchasing power.

• Suitable for experienced traders.

• Access to a wide range of instruments.

• Derayah Islamic Account:

• Compliant with Sharia law.

• No interest charges.

• Flexible trading options.

• Derayah Demo Account:

• Risk-free trading experience.

• Ideal for practice and strategy testing.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Derayah Global Account:

• Higher fees for non-U.S. trades.

• Limited local market access.

• Derayah Local Account:

• Limited to local markets.

• May not suit international traders.

• Derayah Margin Account:

• Higher risk due to leverage.

• Requires significant initial deposit.

• Derayah Islamic Account:

• Limited to specific instruments.

• May have restrictions on certain trading strategies.

• Derayah Demo Account:

• No real financial gains.

• Limited to virtual funds.

derayah Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Open to residents of Saudi Arabia and Gulf nationals.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.

Identity Verification Documents Needed

• Proof of Identity: Valid government-issued ID (e.g., passport, national ID).
• Proof of Residence: Utility bill or bank statement showing current address.
• Additional Documentation: May be required for professional accounts.

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification of identity and residence is mandatory.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.

Step-by-Step derayah Account Opening Guide

Detailed Registration Process

1. Visit the Website: Go to the Derayah Financial website.
2. Click Registration: Select the registration option to start the process.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type based on trading needs.
5. Set Trading Preferences: Configure trading preferences including leverage and trading instruments.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for the verification process to be completed.
8. Fund Your Account: Deposit funds to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have simplified navigation.

Common Registration Issues and Solutions

• Issue: Document upload failure.

• Solution: Ensure documents are in the correct format and within size limits.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

• Users can request to change account types through the customer support portal or account management section on the website.

derayah Demo Account Guide

Demo Account Features and Benefits

• Features: Access to a simulated trading environment with virtual funds.
• Benefits: Ideal for practicing trading strategies without financial risk.

How to Open a Demo Account

• Users can register for a demo account through the Derayah website by selecting the demo option during the registration process.

Demo Account Limitations

• Limitations: Virtual funds only; no real financial gains can be made.

Virtual Balance Amount

• The demo account typically provides a virtual balance of 100,000 SAR for practice.

Demo vs Live Account Differences

• The demo account uses virtual funds, while the live account involves real money and trading conditions.

Duration/Expiry of Demo Accounts

• Demo accounts remain active for a limited period, usually 30 days, but can be extended upon request.

derayah Islamic Account Details

Swap-free/Islamic Account Availability

• Derayah offers Islamic accounts that comply with Sharia law, ensuring no interest charges.

Eligibility Requirements

• Applicants must declare their need for an Islamic account during registration.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees and may have different trading conditions.

How to Apply for Islamic Account

• Users can select the Islamic account option during the registration process or request it through customer support.

Restrictions or Special Conditions

• Islamic accounts may have limitations on certain trading strategies, such as those involving interest.

FAQs – derayah Account Types & Opening

1. What account types does derayah offer？

• Derayah offers Global, Local, Margin, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Minimum deposits are 1 SAR for Global, Local, and Islamic accounts, and 5,000 SAR for Margin accounts.

1. How long does derayah account verification take？

• Verification typically takes 1-3 business days.

1. Does derayah offer demo accounts？

• Yes, derayah offers demo accounts for practice trading.

1. Can I have multiple account types with derayah？

• Yes, users can have multiple account types.

1. Does derayah offer Islamic/swap-free accounts？

• Yes, derayah provides Islamic accounts that are swap-free.

1. What documents do I need to open a derayah account？

• Required documents include proof of identity and proof of residence.

1. Can I change my account type after registration？

• Yes, users can request to change their account type through customer support.