Headway broker Accounts

headway Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: headway Account Types Overview

headway Account Types Explained

Headway offers a variety of account types designed to cater to different trading needs and experience levels. Below is an overview of the available account types:

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: No commissions; trading with virtual funds.
• Leverage Options: N/A
• Key Features: Full access to trading features with virtual money; ideal for beginners.
• Target User Profile: Beginners and those testing the platform.
• Trading Instruments Available: All instruments available in real accounts.

1. Cent Account

• Minimum Deposit Requirement: $1
• Spread/Commission Structure: Variable spreads; no commissions.
• Leverage Options: Unlimited leverage.
• Key Features: Micro lots (100 times smaller than standard); suitable for new traders.
• Target User Profile: Beginners.
• Trading Instruments Available: 37 instruments including currencies, cryptocurrencies, metals, and energies.

1. Standard Account

• Minimum Deposit Requirement: $10
• Spread/Commission Structure: Variable spreads; no commissions.
• Leverage Options: Unlimited leverage.
• Key Features: Access to a broader range of instruments; suitable for amateur traders.
• Target User Profile: Confident amateurs.
• Trading Instruments Available: Up to 311 instruments.

1. Pro Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Tight spreads from 0.0 pips; no commissions.
• Leverage Options: Unlimited leverage.
• Key Features: Professional trading conditions; market execution from 0.16 seconds.
• Target User Profile: Experienced traders.
• Trading Instruments Available: Comprehensive range of instruments.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Demo Account, Cent Account
• Intermediate Traders: Standard Account
• Advanced Traders: Pro Account

Part 2: headway Account Features Comparison

Detailed headway Account Features

When comparing the features of different headway account types, the following aspects are considered:

• Minimum Deposit
• Maximum Leverage
• Spreads (Typical/Minimum)
• Commission Fees
• Lot Size (Micro/Mini/Standard)
• Available Trading Platforms (MT4/MT5/Proprietary)
• Execution Type (Market/Instant/ECN)
• Islamic Account Availability
• Swap-Free Options
• Demo Account Features

Features Comparison

Advantages of Each Account Type

• Demo Account:

• Risk-free trading experience.

• Ideal for practice and learning.

• Access to all trading features.

• Cent Account:

• Low minimum deposit.

• Micro lot trading for beginners.

• Access to multiple trading instruments.

• Standard Account:

• Broader range of instruments.

• Suitable for amateur traders.

• Low entry barrier.

• Pro Account:

• Tight spreads and professional conditions.

• Fast execution speeds.

• Unlimited leverage for experienced traders.

Disadvantages of Each Account Type

• Demo Account:

• No real money involved.

• Limited to virtual trading.

• Cent Account:

• Limited to fewer instruments compared to Standard and Pro.

• Not suitable for large-scale trading.

• Standard Account:

• Higher minimum deposit than Cent Account.

• May not offer the best spreads for advanced traders.

• Pro Account:

• Higher minimum deposit requirement.

• More suited for experienced traders, which may deter beginners.

Part 3: headway Account Opening Requirements

headway Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Not available in certain countries (specific countries not listed).
• Prohibited Countries: Specific countries may be restricted (not detailed in the sources).
• Identity Verification Documents Needed: Government-issued ID (passport or driver's license).
• Proof of Residence Requirements: Utility bill or bank statement showing the current address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• Headway adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring verification of identity and residence.

Verification Time Frames

• Account verification typically takes a few hours to a couple of days, depending on the completeness of submitted documents.

Part 4: headway Account Opening Process

Step-by-Step headway Account Opening Guide

1. Visit Website and Click Registration: Go to the Headway website and select the registration option.
2. Personal Information Entry: Fill in personal details such as name, email, and password.
3. Choose Account Type: Select the desired account type (Demo, Cent, Standard, Pro).
4. Set Trading Preferences: Specify trading preferences and risk tolerance.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit funds as per the minimum requirement of the chosen account type.
8. Start Trading: Once verified and funded, access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile, with mobile potentially offering quicker access through social media logins.

Common Registration Issues and Solutions

• Email Verification Issues: Check spam/junk folders if the verification email is not received.
• Document Rejection: Ensure documents are clear and meet the specified requirements.

Average Account Approval Time

• Typically ranges from a few hours to 48 hours, depending on the volume of applications.

How to Upgrade/Downgrade Account Types

• Users can contact customer support to request an upgrade or downgrade of their account type after registration.

Part 5: headway Demo Account Information

headway Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• Access to all trading instruments available in real accounts.
• Ideal for testing strategies without financial risk.

How to Open a Demo Account

• Select the demo account option during the registration process and follow the prompts to set it up.

Demo Account Limitations

• Limited to virtual funds; cannot withdraw or transfer to real accounts.

Virtual Balance Amount

• Users can set their virtual balance amount when creating the demo account.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.

Duration/Expiry of Demo Accounts

• Demo accounts typically do not expire but may have limitations on usage after a certain period of inactivity.

Part 6: headway Islamic Account (if available)

headway Islamic Account Details

Swap-Free/Islamic Account Availability

• Headway offers Islamic accounts that comply with Sharia law, allowing for trading without swap fees.

Eligibility Requirements

• Clients must request the Islamic account option during the registration process.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, aligning with Islamic financial principles.

How to Apply for Islamic Account

• Indicate the preference for an Islamic account during the account opening process.

Restrictions or Special Conditions

• Islamic accounts may have specific conditions regarding trading instruments and leverage.

FAQs – headway Account Types & Opening

1. What account types does headway offer？

• Headway offers Demo, Cent, Standard, and Pro accounts.

1. What is the minimum deposit for each account type？

• Demo: N/A, Cent: $1, Standard: $10, Pro: $100.

1. How long does headway account verification take？

• Verification typically takes a few hours to a couple of days.

1. Does headway offer demo accounts？

• Yes, headway offers demo accounts for practice trading.

1. Can I have multiple account types with headway？

• Yes, users can request to have multiple account types.

1. Does headway offer Islamic/swap-free accounts？

• Yes, headway offers Islamic accounts that do not incur swap fees.

1. What documents do I need to open a headway account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, account types can be upgraded or downgraded by contacting customer support.