Roaya broker Accounts

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

Part 1: roaya Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Spreads from 1.5 pips, no commission
• Leverage Options: Up to 1:500
• Key Features: Basic trading tools, suitable for beginners
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Zero spread, $3 commission per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, suitable for high-frequency trading
• Target User Profile: Experienced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $5,000
• Spread/Commission Structure: Spreads from 0.1 pips, $2 commission per lot
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Swap-free, compliant with Shari‘ah law
• Target User Profile: Traders seeking Shari’ah-compliant options
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000)
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Risk-free trading environment, practice trading strategies
• Target User Profile: Beginners and experienced traders testing strategies
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Islamic Traders: Islamic Account
• Practice Traders: Demo Account

Part 2: Detailed roaya Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:
• Low minimum deposit
• User-friendly for beginners
• Access to a variety of trading instruments
• ECN Account:
• Direct market access
• Lower trading costs with zero spreads
• Ideal for high-frequency traders
• Pro Account:
• Advanced trading tools
• Lower commission fees
• Priority customer support
• Islamic Account:
• Compliant with Shariah law
• No swap fees
• Suitable for Muslim traders
• Demo Account:
• Risk-free environment
• Practice trading strategies
• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:
• Higher spreads compared to ECN
• Limited advanced features
• ECN Account:
• Higher minimum deposit
• Commission fees may add to trading costs
• Pro Account:
• Significant minimum deposit requirement
• Not suitable for beginners
• Islamic Account:
• Limited availability of advanced features
• May not suit all trading styles
• Demo Account:
• Virtual funds only
• Limited duration for practice

Part 3: roaya Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, but specific restrictions may apply.
• Prohibited Countries: Check the roaya website for a list of restricted countries.

Identity Verification Documents Needed

• Proof of Identity: Government-issued ID (passport, national ID).
• Proof of Residence: Utility bill or bank statement with your name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• All users must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks during the registration process.

Verification Time Frames

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

Part 4: Step-by-Step roaya Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit Website and Click Registration: Go to the roaya website and click on the "Register" button.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences and risk tolerance.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for the verification team to review your documents.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with the mobile app providing a more streamlined experience.

Common Registration Issues and Solutions

• Document Rejection: Ensure documents are clear and meet requirements.
• Email Verification Issues: Check spam/junk folders for verification emails.
• Technical Issues: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• Log into your account and navigate to the account settings to request an upgrade or downgrade.

Part 5: roaya Demo Account Guide

Demo Account Features and Benefits

• Risk-Free Trading: Practice trading strategies without financial risk.
• Access to All Instruments: Trade all available instruments with virtual funds.
• User-Friendly Interface: Familiarize yourself with the trading platform.

How to Open a Demo Account

• Visit the roaya website and select the option to open a demo account. Follow the registration steps similar to opening a live account.

Demo Account Limitations

• Limited duration (usually 30 days) and virtual funds only.

Virtual Balance Amount

• Typically set at $10,000 for practice trading.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

Part 6: roaya Islamic Account Details

Swap-Free/Islamic Account Availability

• Yes, roaya offers an Islamic account option that is swap-free.

Eligibility Requirements

• Must meet standard account opening requirements and request the Islamic account specifically.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them compliant with Shariah law.

How to Apply for Islamic Account

• During the account registration process, select the Islamic account option.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions; consult the roaya website for details.

FAQs – roaya Account Types & Opening

1. What account types does roaya offer？

• roaya offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: $100, ECN: $500, Pro: $5,000, Islamic: $100, Demo: Virtual balance.

1. How long does roaya account verification take？

• Verification typically takes 1-3 business days.

1. Does roaya offer demo accounts？

• Yes, roaya provides demo accounts for practice trading.

1. Can I have multiple account types with roaya？

• Yes, you can open multiple account types.

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

• Yes, roaya offers Islamic accounts that are swap-free.

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

• Proof of identity and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can upgrade or downgrade your account type through your account settings.