Headway Forex broker specializes in providing foreign exchange trading services, the company's official website https://hw.online/user/signup, the company's legitimate regulatory information South AfricaFSCAFinancial Service Corporate, to enhance the security of the company's address 3 Flamingo Crescent, Beacon Bay, East London, 5241, South Africa.
Headway Forex Broker
Basic information
South Africa
2-5 years Suspicious Regulatory License MT4 Full License MT5 Full License Global Business Suspicious Overrun High potential riskCompany profile
Headway 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 Cons
| Pros | Cons |
| MT4/MT5 available | Suspicious Clone |
| 24/7 customer support | High max leverage |
| Swap free | Negative comments about difficulty in withdrawal |
| Spread from 0.0 pips | |
| Various tradable instruments |
Is 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 | Cent | Standard | Pro |
| Minimum Deposit | $1 | $10 | $100 |
| Spread | Floating from 0.3 | Floating from 0.3 | Floating from 0.0 |
| Commission | No | No | Up to 1.5$ each side per lot |
| Swap-free | + | + | + |
| Leverage | From 1:1 to 1:Unlimited | From 1:1 to 1:Unlimited | From 1:1 to 1:Unlimited |
| Stop out | 0% | 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 Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | iOS/Android | Junior traders |
| MT5 | ✔ | iOS/Android | Experienced traders |
Deposit 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.
Rating Index
Pro
Standard
Similar Broker Info
Similar Broker Accounts
Similar Broker Safe
Similar Broker Review
Similar Broker Trade
Latest Reviews
FX1434269610
Kenya
A very nice broker nice spreads zero commission too And almost instant withdrawal and deposit
Positive
02-24
FX8401407202
Azerbaijan
Does anyone know how to withdraw the $111 bonus profit?
Exposure
01-08
FX4013450980
South Africa
This broker is good, you guys should read Terms & conditions.
Positive
8h