Headway offers 3 live account types [Cent, Standard, Pro], all providing access to over 430 tradable instruments, swap-free trading, an unlimited leverage, and order execution from 0.16 seconds.
The Pro account enables zero-spread trades with a minimum deposit of $100.
Headway Company Information & Regulation
Headway is a financial broker company founded in 2022. Here is a list of the company's key points:
- Company Legal Name: JAROCEL PTY LTD
- Registration Number: 2021/883863/07
- Address: 3 Flamingo Crescent, Beacon Bay, East London, 5241, South Africa
- Regulatory Body: Financial Sector Conduct Authority (FSCA) in the South Africa
- License Number: 52108
Headway Summary of Key Details
As it happens in reviewing every Forex broker on this website, we will break down the essential features that make Headway tick in this section:
Broker | Headway |
Account Types | Standard, Cent, Pro |
Regulating Authority | FSCA |
Based Currencies | USD, EUR, IDR, JPY, THB, NGN, ZAR, BRL, MYR |
Minimum Deposit | $1 |
Deposit Methods | Credit/Debit Cards, Crypto |
Withdrawal Methods | Credit/Debit Cards, Crypto |
Minimum Order | 0.01 |
Maximum Leverage | Unlimited |
Investment Options | Copy Trading |
Trading Platforms & Apps | MetaTrader 4, MetaTrader 5 |
Markets | Forex, Commodities, Indices, Stocks, Crypto |
Spread | From Zero on Pro Account |
Commission | From 0 on Cent and Standard Account |
Orders Execution | Market |
Margin Call / Stop Out | 30% / 0% |
Trading Features | Economic Calendar |
Affiliate Program | Yes |
Bonus & Promotions | $111 Welcome Bonus |
Islamic Account | Yes |
PAMM Account | No |
Customer Support Ways | Live Chat, Email, Phone Call |
Customer Support Hours | 24/7 |
Account Types Overview
Headway offers three main account types [Cent, Standard, Pro], each tailored to different trading styles and experience levels. Here is a detailed comparison between these accounts:
Account Type | Cent | Standard | Pro |
Min. Deposit | $1 | $10 | $100 |
Account Currency | USD | USD, EUR, IDR, JPY, THB, NGN, ZAR, BRL, MYR | USD, EUR, IDR, JPY, THB, NGN, ZAR, BRL, MYR |
Instruments | +430 | ||
Max. Lot Size | 1000 | 500 | Unlimited |
Max. Number of Positions | 300 | 1000 | Unlimited |
Min. Lot Size | 0.01 | 0.01 | 0.1 |
Max. Leverage | Unlimited | ||
Order Execution | From 0.16s | ||
Swap-Free | Yes | ||
Margin Call | 30% | ||
Stop Out | 0% | ||
How to Get Started with Headway: Step-by-Step Guide
It would take little time to register and verify your account on the mentioned broker. Follow these steps to get started:
- Visit the website and click on "Get Started";
- Click on "Register with email". Alternatively, select "Google" or "Facebook" for signing up with created accounts;
- Type in your email address and full name in the shown-up form;
- After clicking on "Register", set a strong password;
- Submit the 6-digit code sent to your email address.
Afterwards, your account will be created on the broker. For verification, you must complete your profile with personal details and upload the image of a "national ID" or "local passport".
Trading Terminals Offered by Headway
HW provides access to two of the most popular and robust trading platforms in the industry: MetaTrader 4 and MetaTrader 5.
These platforms offer a user-friendly interface, advanced charting tools, expert advisors, and an economic calendar.
To access these terminals, you can either download the applications, or install the broker's app, which enables access to the platforms:
MetaTrader 4:
MetaTrader 5:
Headway Application:
How Are The Spreads and Commissions?
Headway has designed different spread and commission structures for each account type. We will take a look at them in the table below:
Account Type | Cent | Standard | Pro |
Floating Spread | From 0.3 | From 0.3 | From 0 |
Commission | None | None | Up to $3 per Round Lot |
It's worth noting that spreads can vary depending on market conditions and the specific instrument being traded.
There are no costs for deposits or withdrawals. Also, no inactivity fee is charged by the broker.
Account Funding Options in Headway
Headway keeps the list of deposit/withdrawal methods short, by mainly offering 2 choices:
- Credit/Debit Cards: VISA and MasterCard
- Cryptocurrencies: Bitcoin, Ethereum, and Tether
Copy Trading and Other Investment Types Features in Headway Broker
One of the brokerage's interesting features is its proprietary copy trading platform. This tool allows investors to copy other users' trades and gain passive profit.
On the other hand, professional traders can create a strategy on the platform and set a commission starting from $1, then get followers without any limitations.
Active Bonuses and Promotional Offers
At the time of writing this article. Headway offers a $111 Welcome Bonus to new traders. Here are some of the terms:
- No deposit required
- Available instantly after registration
- 7 days to use the bonus
- No time limits for withdrawing profits
We recommend you to read the full terms and conditions on the website for getting the most out of this promotion.
Support Services: Contact Information and Schedule
Headway provides 3 contact options for the customer support department. Here are the relevant links and data:
- Email: care@hw.site
- Live Chat: Available on the website, LINE, WhatsApp, Facebook Messenger, and Telegram
- Phone: +27 10 2402 0603
The options mentioned above are available for everyone. The company claims that its support team is accessible 24/7.
Trust Scores and Evaluation Ratings
Headway has received generally positive reviews from traders on reputable sources such as "Trustpilot". We will review these scores at this section of the article:
- Trustpilot: 2/5 (with over 150 reviews)
- ForexPeaceArmy: 4.2/5 (only 5 ratings)
- ScamAdviser Trustscore: 34/100
Conclusion And Final Words
Headway provides a list of over 300 stock symbols and 70 Forex currency pairs. The maximum number of positions and lot size for the Pro account in this broker are unlimited; the margin call and stop out levels are 30% and 0%, respectively.
