Headway Forex Broker

Headway Review SummaryFounded2022-05-24Registered Country/RegionSouth AfricaRegulationSuspicious CloneMarket InstrumentsForex/Indices/Energies/Stock/CryptocurrencyDemo Account/LeverageUp to 1:UnlimitedSpreadFrom 0.0 pipsTrading PlatformMT4/MT5(iOS/Android)Min Deposit$1Customer SupportLive chat/Telegram/LineInstagram/Facebook/YouTube/LinkedIn/TikTokHeadway Information Headway is anECN/STP Broker specializing in investments, such as forex, indices, energies, stocks, and cryptocurrency. The broker also provides three accounts with unlimited leverage. The minimum spread is from 0.0 pips and the minimum deposit is $1. Headway is still risky due to its suspicious clone status and bad reviews about difficulty withdrawing money.Pros and ConsPros Cons MT4/MT5 availableSuspicious Clone24/7 customer supportHigh max leverageSwap freeNegative comments about difficulty in withdrawalSpread from 0.0 pipsVarious tradable instrumentsIs Headway Legit? Headway regulates FSCA with license number 52108 and License Type Financial Service Corporate. However, the 'suspicious clone' current status is not as safe as the regulated one.What Can I Trade on Headway? Headway offers 476+ market instruments, including forex, indices, energies, stock, and cryptocurrency.Tradable Instruments Supported Forex✔Indices✔Energies✔Stock✔Cryptocurrency✔Account Type Headway has three account types: cent, standard, and pro. Traders who want low spreads can choose a pro account, while those with a small budget can open a cent account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only. Everyone can also earn money by copying the success of top traders.Account Type CentStandardProMinimum Deposit$1$10$100SpreadFloating from 0.3Floating from 0.3Floating from 0.0CommissionNoNoUp to 1.5$ each side per lotSwap-free+++LeverageFrom 1:1 to 1:UnlimitedFrom 1:1 to 1:UnlimitedFrom 1:1 to 1:UnlimitedStop out0%0%0%Headway Fees The spread starts from 0.0 pips, the swap is zero, and commission-free. The lower the spread, the faster the liquidity.Leverage The maximum leverage is 1:Unlimited meaning that profits and losses are magnified unlimited times.Trading Platform Headway cooperates with the authoritative MT4 and MT5 trading platform, which is available in iOS and Android. Junior traders prefer MT4 over MT5. Traders with rich experience are more suitable for using MT5. Both MT4 and MT5 provide various trading strategies and implement EA systems.Trading PlatformSupported Available Devices Suitable for MT4✔iOS/AndroidJunior tradersMT5✔iOS/AndroidExperienced tradersDeposit and Withdrawal The first deposit amount must be $1 or above. Headway accepts Mastercard, and Visa for deposit and withdrawal. However, transfer processing times and associated fees are unknown.Promotions Headway claims opening the bonus account will be credited with $111 without initial deposits.