Headway offers 3 live account types [Cent, Standard, Pro], all providing access to over 430 tradable instruments, swap-free trading, 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 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 the 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% | ||
Headway provides Islamic (swap-free) account options across all its account types, Cent, Standard, and Pro. These accounts are tailored to comply with Shariah principles by eliminating overnight interest (swap) charges. Muslim clients can request this feature during or after account registration.
Pros and Cons
Let's weigh the main advantages and disadvantages of trading with Headway:
Pros | Cons |
A Low Minimum Deposit of $1 | Relatively New Broker With a Short Track Record |
Decent Range of Trading Symbols | - |
Proprietary Copy Trading Facilities | - |
Unlimited Leverage | - |
How to Get Started with Headway: Step-by-Step Guide
It would take little time to sign up and verify your account on the mentioned broker. Follow the next sections for a tutorial on Headway registration.
#1 Visit the Official Headway Website
Head to the Headway Broker page via TradingFinder and click “Get Started” to initiate the sign-up.
#2 Select Your Sign-Up Method
Choose between registering with your Google or Facebook account for instant access, or opt to register with an email address.
#3 Enter Your Details and Set a Password
Provide your full name and email.
Then, create a strong password under these conditions:
- Min. 8 characters
- Including upper/lowercase letters
- Containing Numbers
- With symbols
#4 Confirm Your Email
Check your inbox for a verification code. Paste it into the form to complete registration and access your Headway Dashboard.
Afterwards, your account will be created on the broker.
#5 Verify Your Account
For Headway 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. MT4 is recommended for beginner traders, while MT5 caters to those seeking broader functionalities.
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
The list of Headway deposit/withdrawal methods is kept short, mainly offering 2 choices:
- Credit/Debit Cards: VISA and MasterCard
- Cryptocurrencies: Bitcoin, Ethereum, and Tether
The broker does not disclose processing times for any available methods.
Copy Trading and Other Investment Types Features in Headway Broker
One of the brokerage's interesting features is its proprietary copy trading platform. Headway copy trading 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.
Available Trading Symbols and Instruments
Headway provides access to a wide range of more than 430 trading pairs in 5 different categories:
- Forex Market: 70 currency symbols
- Indices: More than 30 pairs
- Commodities: Metals and energies
- Stocks: Over 300 tradable symbols
- Cryptocurrencies: Over 20 digital assets
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 that you read the full terms and conditions on the website to get 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.
Which Countries Are Restricted from Headway's Services?
While the broker aims to serve a global clientele, they cannot offer services to residents of countries blacklisted by the Financial Action Task Force (FATF), those under international sanctions, or with certain local laws. These countries include, but are not limited to:
- United States
- North Korea
- Iraq
- Iran
- Afghanistan
- Myanmar
- Syria
- Venezuela
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
Educational Resources Provided by Headway
This broker offers a dedicated section titled "learn" on its website for educational purposes. This webpage contains a large number of articles in addition to a course called "Forex for beginners". The course is consisting of 5 lessons with 5 quizzes, suitable for entry-level traders.
Comparison Between Headway and Competitors
The brokerage's performance and services are evaluated better when compared to its peers:
Parameter | Headway Broker | |||
Regulation | FSCA | FSA, CySEC, FCA, FSCA, CBCS, FSC, CMA | FCA, FSCA, CySEC, SCB | None |
Minimum Spread | 0.0 pips | From 0.0 pips | 0.0 Pips | 0.1 Pips |
Commission | From $0 | From $0.2 | From $0 | $0 |
Minimum Deposit | $1 | $10 | $100 | $10 |
Maximum Leverage | 1:5000 | Unlimited | 1:500 | 1:3000 |
Trading Platforms | MetaTrader 4, MetaTrader 5 | Exness Trade (mobile), Exness Terminal (web), MT4, MT5 | MT4, MT5, cTrader, Web Trader, Mobile App | MT4, MT5 |
Account Types | Standard, Cent, Pro | Standard, Standard Cent, pro, Raw Spread, Zero | Standard, Pro, Raw+, Elite | Standard, Premium, VIP, CIP |
Islamic Account | Yes | Yes | Yes | Yes |
Number of Tradable Assets | 430+ | 200+ | 2100+ | 50+ |
| Trade Execution | Market | Market, Instant | Market, Pending | Market, Instant |
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.