1. What is Headway?
  2. Headway Pros and Cons
  3. Is Headway Safe or a Scam?
  4. Leverage
  5. Accounts
  6. Instruments
  7. Fees
  8. Spreads
  9. Deposits and Withdrawals
  10. Trading Platform
  11. Customer Support
  12. Education
  13. Conclusion

Our Review Method

  • 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, regulations and licenses, fees, spreads, platforms, customer service, and placed traders to see trading conditions and give expert opinions about Headway.

What is Headway?

Headway is a Forex trading company that offers traders access to a variety of trading instruments, including Forex, Metals, Cryptocurrencies, Energies, Stocks, and Indices.

Based on our research, the broker is headquartered in South Africa and holds a license from the reputable FSCA authority. As a South African broker, the firm provides its services to clients across the African region overall.

In general, the firm offers competitive trading conditions and efficient execution of trades through the advanced MetaTrader trading platforms.

Headway Pros and Cons

Per our findings, the broker presents advantages and disadvantages that are important for traders to consider. On the positive side, Headway offers competitive trading conditions, low minimum deposit requirements, and access to the well-known MT4 and MT5 trading platforms.

For the cons, the firm lacks a top-tier license and operates under a single regulatory body, which could be a drawback for some traders seeking accounts with multiple regulatory authorities. However, trading under a South African entity is considered safe enough.

FSCA regulation and overseeNo additional and top-tier license
MT4 and MT5 trading platformsNo demo account
Low minimum deposits
Professional trading
24/7 customer support
NDD execution
NOVA investment service
Competitive fees
Learning materials
Good trading conditions

Headway Review Official Website

Headway Review Summary in 10 Points
🏢 HeadquartersSouth Africa
🗺️ RegulationFSCA
🖥 PlatformsMT4, MT5
📉 InstrumentsForex, Metals, Cryptocurrencies, Energies, Stocks, Indices
💰 EUR/USD Spread0.4 pips
🎮 Demo AccountNo
💳 Minimum deposit$1
💰 Base currenciesUSD, EUR, IDR, JPY, THB
📚 EducationProvided
☎ Customer Support24/7

Overall Headway Ranking

According to our analysis, the broker provides trustworthy trading conditions with competitive fees, making it an attractive option for traders of all levels. The broker offers access to advanced MT4 and MT5 trading platforms that allow users to trade well-known financial instruments.

  • Headway Overall Ranking is 8 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry-leading brokers.
RankingHeadwayTraders Trust WH SelfInvest
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvanatgesTrading PlatformsTrading FeesTrading Conditions

Headway Alternative Brokers

After considering multiple factors such as trading features, regulatory compliance, spreads, trading instruments, and user reviews, we have conducted an analysis and compiled a list of potential broker alternatives to Headway.

Is Headway Safe or Scam?

No, Headway is not a scam. It is a regulated Forex trading broker authorized by FSCA in South Africa, which suggests a level of credibility and adherence to certain industry standards.

Is Headway Legit?

Yes, Headway is a legit and regulated broker that holds the necessary license and follows regulations for offering Forex trading services. Compliance with the regulatory rules set by South African FSCA, enhances the safety and confidence of traders who choose to trade with the broker.

See our conclusion on Headway Reliability:

  • Our Ranked Headway Trust Score is 8 out of 10 for good reputation and services provided. However, we recommended conducting your research, reviewing customer feedback, and considering personal factors before deciding to engage with the broker.
Headway Strong PointsHeadway Weak Points
Professional trading environmentNo top-tier license
Client funds security
Account balance protection

Client Trading Protection

According to our findings, FSCA enforces regulatory compliance within the financial services industry. The regulatory body ensures the security of traders’ funds by requiring the segregation of funds from company accounts. This practice prevents the use of client funds for operational purposes, adding an extra layer of protection for clients.

However, we suggest conducting thorough research, including reading user reviews and considering other factors, to assess the broker’s reputation and legitimacy. 

Headway Review License

Headway Leverage

Leverage is a useful tool that enables traders to enter the market with limited capital. However, its use can lead to substantial profits or losses as well. Therefore, traders should have a good understanding of how leverage works and its possible consequences before engaging in any trading activities that involve leverage.

Headway leverage is offered according to the FSCA regulation:

  • Trades from South Africa are eligible to use low leverage up to 1:30 for major currency pairs.
  • However, the website states the potential for unlimited leverage, so understanding the risks associated with leverage is essential before making decisions about its use in trading.

Account Types

Per our research, the broker offers Cent, Standard, and Pro accounts that might suit the needs of different traders. Additionally, the broker provides swap-free trading options for religious purposes.

Variety of accountsNo Demo account
Low minimum deposits
Swap-free accounts

Opening Headway Trading Account

Opening an account with a broker is quite an easy process, as you can log in and register with Headway within minutes. Just follow the opening account or sign-in page and proceed with the guided steps:

  • Select and Click on the “Open Account” page
  • Enter the required personal data (Name, email, phone number, etc.)
  • Verify your data by uploading documentation (residential proof, ID, etc.)
  • Complete the electronic quiz confirming your trading experience
  • Once your account is activated and proven, follow with the money deposit.

Headway Review Accounts

Trading Instruments

Headway provides access to popular trading instruments, such as Forex, Metals, Cryptocurrencies, Energies, Stocks, and Indices. The broker enables traders to diversify their portfolios and participate in various markets according to their individual preferences and trading strategies.

  • Headway Markets Range Score is 8 out of 10 for a diverse selection of trading products overall.

Headway Review Trading Instruments

Headway Cost

After examining the broker’s fee offering, we found that Headway provides competitive fees for its trading services. The broker does not impose deposit and withdrawal fees, however, additional charges may be applicable during trading activities as well.

So, carefully review the broker’s fee structure and terms and conditions to gain a comprehensive understanding of the associated fees and their potential impact on trading operations.

  • Headway Fees are ranked average with an overall rating of 8 out of 10 based on our testing and compared to over 500 other brokers.

FeesHeadway FeesTraders Trust FeesWH SelfInvest Fees
Deposit feeNoYesYes
Withdrawal feeNoYesYes
Inactivity feeNoYesYes
Fee rankingLow/AverageLow/AverageAverage


Based on our test trade, the broker provides competitive spreads, with an average spread of 0.4 pips for the EUR/USD currency pair in the Forex market.

However, spreads can vary based on market conditions, volatility, and liquidity, so consult the broker’s website or contact customer support for detailed information on the spreads they offer for specific instruments and account types.

  • Headway Spreads are ranked average with an overall rating of 8 out of 10 based on our testing comparison to other brokers. We found Forex spread lower than the industry average of 1.2 pips and the spreads for other instruments are competitive too.
Asset/ PairHeadway SpreadTraders Trust SpreadWH SelfInvest Spread
EUR USD Spread0.4 pips0.1 pips1 pip
Crude Oil WTI Spread180.052.5
Gold Spread3.7 0.171

Headway Review Spreads

Deposits and Withdrawals

Per our research, the firm offers a variety of funding methods for traders to deposit funds into trading accounts including Wire Transfers, Credit/Debit cards, and E-wallets. However, some payment methods may have specific requirements or restrictions depending on the client’s bank or other financial institutions involved.

  • Headway Funding Methods we ranked good with an overall rating of 8 out of 10. Fees are low, and also you can benefit from various account-based currencies.

Here are some good and negative points for Headway funding methods:

Variety of funding methodsNone
No deposit and withdrawal fees
Fast digital deposits

Headway Minimum Deposit

Clients are required to deposit $1 to open a Cent account, $10 for a Standard account, and $100 for a Pro account when initiating a live trading account with the broker.

Headway minimum deposit vs other brokers

Headway Most Other Brokers
Minimum Deposit $1 $500

Headway Withdrawals

Based on our analysis, the withdrawal process is both efficient and prompt. Typically, the broker handles withdrawal requests within a day.

Withdraw Money from Headway Step by Step:

To initiate a withdrawal fund from your trading account, the brokerage firm provides a set of typical steps that can be followed:

  1. Login to your account
  2. Select Withdraw Funds’ in the menu tab
  3. Enter the withdrawn amount
  4. Choose the withdrawal method
  5. Complete the electronic request with the requirements
  6. Confirm withdrawal information and Submit
  7. Check the current status of withdrawal through your Dashboard

Trading Platforms

Traders have access to the popular MT4 and MT5 platforms, renowned for their advanced features and user-friendly interfaces. The platforms offer a wide range of features including technical indicators, user-friendly interfaces, and advanced charting tools.

Additionally, clients have access to the NOVA investment service, a proprietary platform developed by Headway. This innovative service provides traders with comprehensive tools and resources to enhance their investment strategies and optimize their trading experience.

  • Headway Platform is ranked good with an overall rating of 8.5 out of 10 compared to over 500 other brokers. We mark it as good since it offers advanced MT4 and MT5 trading platforms.
PlatformsHeadway PlatformsTraders Trust PlatformsWH SelfInvest Platforms
Own PlatformsYesNoYes
Mobile AppsYesYesYes

What is Headway App?

Based on the Headway app review we found that the broker offers a convenient mobile solution for traders with its dedicated app available on both Android and iOS platforms. This user-friendly app allows traders to stay connected to the markets, manage their accounts, execute trades, and access essential market data and analysis on the go.

Headway Review Trading Platforms

Customer Support

The broker offers 24/7 customer support via live chat, email, and phone lines. Additionally, the support team includes trading experts who can assist with technical support, analysis recommendations, general inquiries, and operational issues.

  • Customer Support in Headway is ranked good with an overall rating of 8 out of 10 based on our testing. The support team is responsive during working days and weekends, ensuring efficient assistance.

See our find and ranking on Customer Service Quality:

Supportive customer serviceNone
24/7 customer support

Headway Education

Lastly, the broker’s educational materials cover tutorials, Foex and company news, blogs, and an AI hub providing access to market research and leading analysis data to support traders’ investment strategies. However, it lacks in offering seminars and webinars.

  • Headway Education ranked with an overall rating of 7.9 out of 10 based on our research. We suggest considering alternative brokers that offer seminars and webinars too.

Headway Review Education

Headway Review Conclusion

In conclusion, Headway is a reliable Forex trading brokerage company that offers competitive trading solutions, efficient execution, and access to the popular MT4 and MT5 trading platforms.

The firm’s competitive trading conditions make it an attractive option for both beginners and advanced traders.

Overall, we found that the firm provides a good trading environment, however, we advise conducting your research and evaluating whether the broker’s offerings suit your specific trading requirements.

Based on Our findings and Financial Expert Opinions Headway is Good for:

  • Traders from South Africa and the African Region
  • Traders who prefer the MT4 and MT5 trading platforms
  • Currency trading
  • Beginners
  • Advanced traders
  • NDD execution
  • Proprietary investment service
  • Competitive fees
  • 24/7 customer support
  • Good trading tools
  • EA/Auto trading

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