Rating Index
Pros
Wide variety of tradable instruments including forex, cryptocurrencies, commodities, and stocks.
Competitive trading conditions with low minimum deposits and tight spreads.
User-friendly trading platforms (MT4 and MT5) that cater to both beginners and experienced traders.
Cons
Lack of regulation from major authorities, which may raise concerns about the safety of funds.
Absence of negative balance protection, exposing traders to potential losses beyond their account balance.
Limited withdrawal options, particularly the inability to withdraw via credit/debit cards, which may affect user experience.
HW broker Accounts
Headway Account Types
Headway offers three distinct account types tailored to different trading needs and experience levels:
- Cent Account:
- Minimum Deposit: $1
- Account Currency: USD
- Spread: Floating from 0.3 pips
- Instruments: More than 300 instruments including forex, cryptocurrencies, metals, energies, stocks, and indices.
- Maximum Lot Size: 1000
- Maximum Number of Positions: 300
- Commission: None
- Minimum Lot Size: 0.01
- Ideal For: Beginners and those using expert advisors, allowing trading with smaller nominal values.
- Standard Account:
- Minimum Deposit: $10
- Account Currency: USD, EUR, IDR, JPY, THB, NGN, ZAR, BRL, MYR
- Spread: Floating from 0.3 pips
- Instruments: More than 300 instruments available for trading.
- Maximum Lot Size: 500
- Maximum Number of Positions: 1000
- Commission: None
- Minimum Lot Size: 0.01
- Ideal For: Intermediate traders who are used to trading with regular volumes.
- Pro Account:
- Minimum Deposit: $100
- Account Currency: USD, EUR, IDR, JPY, THB, NGN, ZAR, BRL, MYR
- Spread: Floating from 0.0 pips
- Instruments: More than 350 instruments available for trading.
- Maximum Lot Size: Unlimited
- Maximum Number of Positions: Unlimited
- Commission: Up to $1.5 each side per lot
- Minimum Lot Size: 0.1
- Ideal For: Professional traders who require low spreads and no limits.
Choose Your Account Type: Select from Cent, Standard, or Pro accounts based on your trading experience and capital.
Fill Out the Application: You can complete the application online. You will need to provide personal information such as:
- Full name
- Physical and mailing addresses
- Social security number
- Tax filing status
- Driver's license information
- Income bracket
Submit Required Documentation: Prepare to provide identification and possibly additional documents to verify your identity.
Fund Your Account: Deposit funds into your account. You can typically do this via:
- Bank transfer
- Credit/debit card
- Cryptocurrency
- Start Trading: Once your account is funded, you can begin trading on popular platforms like MetaTrader 4 and MetaTrader 5.
Headway Broker Account Opening Process
Opening a brokerage account with Headway is a straightforward process that involves the following steps:
For more details, visit Headway's account types page.
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