According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- MetaTrader4
- MetaTrader5
- FSCA
Our Evaluation of Headway
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Headway is a moderate-risk broker with the TU Overall Score of 6.9 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Headway clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Headway offers a variety of trading opportunities and conditions suitable for traders of different experience levels. The broker provides a wide range of trading instruments and educational resources, ensuring access to popular trading platforms like MT4 and MT5. While its regulatory framework is more limited compared to some other major international brokers, Headway focuses on providing reliable services and 24/7 client support, enhancing user comfort and convenience in trading.
Brief Look at Headway
Headway is a broker owned by JAROCEL PTY Ltd, a company registered in South Africa. The broker offers three account types: Cent, Standard, and Pro. With a minimum deposit of just $1, opening a Cent account is accessible to all. Headway supports the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, providing traders with various tools and indicators. The broker is regulated by South Africa's Financial Sector Conduct Authority (FSCA) under license number 52108.
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- The FSCA (The Financial Sector Conduct Authority) regulates the company in South Africa.
- A variety of trading instruments such as Forex, indices, energies, cryptocurrencies, and stocks are available.
- Competitive spreads start from 0 pips.
- High leverage up to 1:1000.
- MT4 and MT5 trading platforms are available in desktop, web, and mobile versions.
- Educational resources, including webinars, training videos, and guides.
- 24/7 client support.
- Limited regulation compared to larger brokers.
- High leverage may increase risks.
TU Expert Advice
Author, Financial Expert at Traders Union
Headway provides a broad range of trading services, including Forex, indices, cryptocurrencies, energies, and stocks, facilitated on the user-friendly MetaTrader 4 and 5 platforms. The broker offers three account types with a competitive minimum deposit starting at $1, making it accessible to beginners. Traders benefit from tight spreads starting from 0 pips and leverage up to 1:1000; the availability of educational resources and 24/7 client support further enhances the trading environment, benefiting traders of varying experience levels.
Despite its advantages, Headway’s regulatory oversight is limited to the FSCA of South Africa, which some may find less comprehensive compared to globally recognized agencies. The broker's high leverage also introduces increased risk, which requires traders to exercise caution. In summary, while Headway suits experienced traders looking for high leverage, it may not be suitable for those who prioritize robust global regulation and extensive asset diversification.
Headway Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
|---|---|
| 📊 Accounts: | Cent, Standard, Pro |
| 💰 Account currency: | USD, EUR, GBP and others |
| 💵 Deposit / Withdrawal: | Bank transfers, credit/debit cards, e-wallets |
| 🚀 Minimum deposit: | $1 for Cent account |
| ⚖️ Leverage: | Up to 1:1000 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 lots |
| 💱 EUR/USD spread: | 0,4-1,2 pips |
| 🔧 Instruments: | Forex, indices, cryptocurrencies, energies, stocks |
| 💹 Margin Call / Stop Out: | Margin call is at 80%, stop out is at 50% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes, via MT4 and MT5 mobile applications |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market |
| ⭐ Trading features: | Tight spreads, high leverage, training resources, several account types |
| 🎁 Contests and bonuses: | Regular promotions and bonuses |
Headway offers a flexible and reliable trading environment with a variety of instruments and competitive conditions. The MT4 and MT5 platforms are available on various devices, allowing traders to work from anywhere.
Headway Key Parameters Evaluation
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Trading Account Opening
To open a live trading account with Headway, you first need to create a user account on their website. This is a simple process that can be completed online by following these steps:
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Choose the account type that suits your investment goals and strategies, then click the button to open it.
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Provide your personal information in the account registration form and set a password for your first login. It is recommended to change your password every three months.
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Upload documents verifying your identity and residential address.
Regulation and safety
Headway has a safety score of 5.8/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
Headway Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 FSCA SA |
Financial Sector Conduct Authority of South Africa | South Africa | No specific fund | Tier-2 |
Headway Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Headway have been analyzed and rated as Medium with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, Eightcap and XM Group, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Headway with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Headway’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Headway Standard spreads
| Headway | Eightcap | XM Group | |
| EUR/USD min, pips | 0,4 | 0,4 | 0,7 |
| EUR/USD max, pips | 1,2 | 1,5 | 1,2 |
| GPB/USD min, pips | 0,3 | 0,8 | 0,6 |
| GPB/USD max, pips | 1,3 | 1,5 | 1,2 |
Does Headway support RAW/ECN accounts?
As we discovered, Headway does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Headway. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Headway Non-Trading Fees
Account types
Each type of Headway account is designed for trading various assets. Clients can open multiple account types.
Deposit and withdrawal
Headway received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Headway provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank card deposits and withdrawals
- Bank wire transfers available
- Minimum deposit below industry average
- No withdrawal fee
- USDT payments not accepted
- Only major base currencies available
- BTC payments not accepted
What are Headway deposit and withdrawal options?
Headway provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire.
Headway Deposit and Withdrawal Methods vs Competitors
| Headway | Eightcap | XM Group | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | No |
| Wise | No | No | No |
| BTC | No | Yes | Yes |
What are Headway base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Headway supports the following base account currencies:
What are Headway's minimum deposit and withdrawal amounts?
The minimum deposit on Headway is $1, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Headway’s support team.
Markets and tradable assets
Headway offers a limited selection of trading assets compared to the market average. The platform supports 245 assets in total, including 44 Forex pairs.
- Copy trading platform
- Indices trading
- 44 supported currency pairs
- Futures not available
- Limited asset selection
Supported markets vs top competitors
We have compared the range of assets and markets supported by Headway with its competitors, making it easier for you to find the perfect fit.
| Headway | Eightcap | XM Group | |
| Currency pairs | 44 | 40 | 57 |
| Total tradable assets | 245 | 800 | 1400 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | No | Yes | Yes |
| Crypto | Yes | Yes | No |
| Stock indices | Yes | Yes | Yes |
| Options | No | No | No |
Investment options
We also explored the trading assets and products Headway offers for beginner traders and investors who prefer not to engage in active trading.
Customer support
Headway provides client support 24/7. Support is not available on national holidays only.
Advantages
- Support is available in several languages
- The company offers a call center
Disadvantages
- Online support may be limited
- The company office can be visited by appointment only
You can use the following communication channels to get help from Headway managers:
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Hotline.
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Email.
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Feedback form.
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Office visit.
Headway assists both clients and investors without active accounts.
Contacts
| Regulation | FSCA |
|---|---|
| Official site | https://hw.site |
| Contacts |
+44 203 150 1111
|
Education
Clients can access information on trading conditions, explore various trading concepts, and keep up with market trends and current topics.
Comparison of Headway with other Brokers
| Headway | Bybit | Eightcap | XM Group | RoboForex | Kama Capital | |
| Trading platform |
MetaTrader4, MetaTrader5 | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MetaTrader5 |
| Min deposit | $1 | No | $100 | $5 | $10 | No |
| Leverage |
From 1:1 to 1:1000 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:400 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | 10.00% | No |
| Spread | From 0 points | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points |
| Level of margin call / stop out |
80% / 50% | No / 50% | 80% / 50% | 100% / 50% | 60% / 40% | 20% / No |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | Yes | Yes |
Detailed Review of Headway
Headway offers a wide range of tools and resources to facilitate market analysis and investment decision-making. By leveraging the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as analytical reports and newsfeeds, investors can develop optimal strategies aligned with their financial goals and risk tolerances. The broker provides access to over 100 financial instruments, including currency pairs, stocks, indices, and cryptocurrencies. Headway is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, ensuring investment security and client trust. The broker also offers 24/7 client support.
Headway’s trading platforms
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MetaTrader 4 (MT4). A popular platform for both beginner and professional traders, offering convenient analytical tools.
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MetaTrader 5 (MT5). Provides advanced features for more in-depth market analysis.
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Mobile App. Users can manage their accounts on the go through mobile apps for iOS and Android devices.
Headway by the numbers:
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100+ available financial instruments, including Forex, cryptocurrencies, and indices.
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5+ years of experience in the market as a financial intermediary.
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Multilingual client support is available 24/7.
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Three live accounts - Cent, Standard, and Pro to suit different trader needs.
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Minimum deposit starting from $1 for a Cent account.
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Spreads starting from 0 pips for the Pro account.
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Leverage up to 1:1000.
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Regulated by the Financial Sector Conduct Authority (FSCA) in South Africa.
Headway’s analytical services:
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Forex trading with over 50 currency pairs and competitive spreads.
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Cryptocurrency, stock, and index trading, offering opportunities to diversify portfolios.
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Reliable MT4 and MT5 trading platforms, available in desktop, browser, and mobile versions.
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Educational materials and analytical reports, including webinars, video tutorials, and trading guides.
Promotions and bonuses:
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Bonuses for new clients and partnership programs.
Account types:
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Cent Account. Minimum spreads and a deposit starting from $1.
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Standard Account. Spreads start from 1.2 pips.
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Pro Account. Spreads start from 0 pips and a $4 commission per round lot.
Advantages:
Passive income through partnership programs.
Trading on mobile devices via apps for Android and iOS.
Access to numerous analytical tools and market reports.
Free withdrawals via the Automatic Transfer System (ATS).
Favorable conditions for various account types, offering flexibility and convenience for clients.
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