Brokerages

Roaya

1.5 (12 reviews)
🇪🇬 Egypt
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1.5
12 reviews
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About Roaya

Roaya has been flagged by Financial Regulatory Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Absolutely dreadful

T
Thomas K.
5 days ago

My card was charged twice by Roaya on the same day. I had to dispute it with my bank. Roaya then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.

Pros: Copy trading available|Regular platform improvements|Intuitive for beginners|Good mobile app

Cons: No live chat on mobile

Check regulatory status before investing

A
Amy K.
2 weeks ago

I looked into Roaya and found they appear in the regulatory warnings database. Financial Regulatory Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.

Pros: Information is publicly available for verification

Cons: Appears in regulatory warnings database|Uncertain regulatory status

Server in wrong region high latency

M
Miles Z.
1 months ago

The reporting at Roaya is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.

Pros: Comprehensive tools|Clear documentation|Fast execution|Professional team

Cons: Account statements could be more detailed

Requotes on every order

V
Vanessa G.
3 months ago

I have been trying to close my account with Roaya for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.

Pros: Social trading features|Multiple order types|Dedicated account manager|Transparent fees

Cons: Currency conversion fee exists

Would give negative stars if possible

E
Emily N.
3 months ago

Do not use Roaya for anything serious. I used them for just over a year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.

Pros: Dividend tracking|Real-time alerts

Cons: Alert system is basic|Wish they had more educational resources

Warning to all investors

J
John A.
4 months ago

Tried to withdraw my funds from Roaya and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.

Cons: Withdrawal fees demanded|Communication cut off|Not authorized

Statement errors every month

G
Gabrielle R.
5 months ago

Roaya advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.

Pros: Clear documentation|Stable platform

Cons: Onboarding videos are outdated|Minor UI glitches occasionally

No beneficiary designation

J
James H.
7 months ago

After using Roaya for about ten months, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.

Pros: Easy to use platform|Two-factor authentication|Segregated accounts|Social trading features

Cons: Website design could be more modern

The opposite of what they advertise

O
Owen W.
7 months ago

Do not be fooled by the professional-looking website. Behind the scenes, Roaya is disorganized and incompetent. I found them after a friend recommended them and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.

Pros: Market news feed|Reliable uptime

Cons: Slow to add new assets

Withdrawal blocked indefinitely

A
Anna D.
7 months ago

What really bothers me about Roaya is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after comparing multiple platforms and I fell for the polished exterior. Never again.

Pros: Tax reports included|Dividend tracking|Portfolio tracking tools

Cons: Spreads widen during volatile periods|Cannot customize dashboard fully