Headway Commissions and Fees Overview
We, at Traders Union, conducted a thorough analysis of Headway's fees, resulting in a score We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria of 6 /10. This corresponds to a Medium level. Here are some of the most relevant indicators of Headway’s fee structure:
Headway fees overview:
| Standard account EUR/USD spread, min pips | 0.4 |
| Standard account EUR/USD spread, max pips | 1.2 |
| Withdrawal fee, % | 0 |
| Inactivity fee ($, per month) | 0 |
Headway Forex spreads and commissions
To assess the cost-effectiveness of Headway, we analyzed its spreads across the most popular account types. These were compared with the top two competitors that have high overall ratings and accept clients in your region.
Headway Standard account spread
Standard accounts at Headway offer floating spreads with a broker markup. They typically have higher spreads than ECN or RAW accounts but do not charge additional commissions per lot, ensuring a straightforward cost structure.
| Headway | Trading.com USA | Plus500 | |
|---|---|---|---|
| Floating spread EUR/USD, min pips The cost of 1 pip in USD for EUR/USD is $10. | 0.4 | 0.9 | 0.5 |
| Floating spread EUR/USD, max pips | 1.2 | 0.9 | |
| Floating spread GBP/USD, min pips | 0.3 | 0.5 | |
| Floating spread GBP/USD, max pips | 1.2 | 0.9 |
Looking for tight market spreads without broker markup?
After reviewing data from over 200 brokers, we found that ECN accounts typically cost around $5.10 per lot on EUR/USD (including both spread and commission), while Standard accounts average 0.8 pips, which equals approximately $8 per lot.
Since Headway doesn’t offer ECN accounts, we compared three brokers that do, to help you evaluate lower-cost alternatives for EUR/USD trading.
| OANDA | FOREX.com | Venom by Cobra Trading |
Industry average Based on the evaluation of over 200 forex brokers |
|
|---|---|---|---|---|
| ECN Commission per lot, $ |
3.5 | 5 | 1.5 | 3,5 |
| ECN Spread EUR/USD | 0.15 | 0.2 | 0.1 | 0,17 pips |
| ECN Spread GBP/USD | 0.2 | 0.4 | 0.1 | 0,21 pips |
What is Headway’s average EUR/USD spread?
The average spread on Headway can fluctuate depending on overall market volatility. For EUR/USD, the typical spread is around 0.8 pips under normal trading conditions, but it may widen during periods of high volatility.
Headway non-trading fees
We conducted an analysis of Headway’s non-trading fees to provide a detailed overview of the additional costs that may affect traders outside their regular trading activities.
Headway Non-Trading Fees
| Headway | Trading.com USA | Plus500 | |
|---|---|---|---|
| Deposit fee, % The indicated amount excludes potential fees charged by payment systems and banks. |
No
|
No
|
No
|
| Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. |
No
|
No
|
No
|
| Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. |
No
|
No
|
No
|
| Inactivity fee ($, per month) |
No
|
10 | 10 |
What is the cost of executing one Forex lot with Headway?
The cost of executing 1 standard lot (100,000 units) with Headway depends on market volatility, which can fluctuate significantly throughout the day. Since there are no additional commissions, all trading costs are included in the spread. We calculated the approximate execution cost for 1 lot during peak market hours for clarity.
| Spread cost in USD | Commission ($ per lot) | Total cost in USD | |
|---|---|---|---|
| Standard account | 8 | 0 | 8 |
Understanding Forex trading costs
When evaluating a Forex broker, it is essential to consider several factors that can directly impact the overall cost of executing trades, beyond just the average spread. Here are some key considerations:
Liquidity and daily turnover
Higher liquidity and larger daily turnover generally lead to tighter spreads and reduced slippage.
Top 3 Forex brokers by trading turnover
| Broker | Daily turnover ($, billion) |
|---|---|
| IUX Markets | 37 |
| IC Markets | 29 |
| DB Investing | 24 |
Order Execution Speed
Faster order execution can reduce slippage, helping to ensure that trades are completed at the expected prices. Execution speed is typically highest on ECN accounts.
Headway does not offer ECN or Raw Spread trading accounts. For traders looking for true ECN execution, OANDA and FOREX.com are solid alternatives, known for providing direct market access and low trading costs.
Free VPS
A free VPS provides a stable, high-speed connection, which can reduce latency and slippage, especially for automated trading systems and high-frequency trading. This helps ensure consistent performance and potentially lower execution costs.
Headway does not offer free VPS services. For traders seeking this feature, OANDA and FOREX.com are suitable alternatives, known for providing free VPS access to active traders and those with high trading volumes.
Headway extra services for active traders vs competitors
The table below compares the extra services offered by Headway for active traders with those of its competitors. These features can enhance trading efficiency and strategy implementation. The comparison showcases how Headway stands out in meeting the needs of active traders through its advanced tools, such as API and TradingView integration, and convenient options like one-click trading and support for scalping.
Headway services for active traders
| Headway | Trading.com USA | Plus500 | |
|---|---|---|---|
| API |
No
|
No
|
No
|
| Signals (alerts) |
Yes
|
Yes
|
Yes
|
| TradingView integration |
No
|
Yes
|
Yes
|
| Trading bots (EAs) |
Yes
|
Yes
|
No
|
| Scalping |
Yes
|
Yes
|
No
|
| One click trading |
Yes
|
Yes
|
No
|
Minimizing trading costs: Expert tips
Choosing the right Forex broker is crucial for minimizing costs and boosting profitability. Below are expert insights from our recent fee analysis to help you make informed choices and maximize your trading returns.
Some brokers may advertise tight spreads for high-volume pairs to attract traders but compensate with wider spreads on less commonly traded currencies.
For example, Headway's USD/JPY spread could be low. But what about more exotic pairs like USD/TRY (Turkish Lira) or USD/ZAR (South African Rand)? Those spreads could end up much wider.
Traders who trade a variety of currencies, not just major pairs, should be aware of these potential hidden costs. To fully understand Headway's fees, compare spreads across various currency pairs, including both major and minor pairs.
By conducting thorough research, you can determine if Headway's pricing aligns with your trading strategy. Don't assume that attractive offers on popular pairs extend to all currency combinations.
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