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The WikiFX Score of this broker is reduced because of too many complaints!

Headway

South Africa | 2-5 years |
Regulated in South Africa | Financial Service Corporate | MT4 Full License | Regional Brokers | Suspicious Overrun | High potential risk

https://hw.online/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

Headway-Demo

United Kingdom
MT4
20

Influence

B

Influence index NO.1

South Africa 5.01
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

20
Server Name
Headway-Demo MT4
Server Location United Kingdom

Influence

Influence

B

Influence index NO.1

South Africa 5.01
Surpassed 42.80% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+27 10 2402 0603
https://hw.online/
3 Flamingo Crescent, Beacon Bay, East London, 5241, South Africa
https://www.facebook.com/global.headway/

Licenses

Licensed Entity:JAROCEL PTY LTD

License No. 52108

WikiFX Risk Alerts
2025-07-25
  • The number of the complaints received by WikiFX have reached 14 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
2

Basic Information

Registered Region
South Africa
Operating Period
2-5 years
Company Name
JAROCEL PTY LTD
Contact Number
+271024020603
Company Website
Company address
3 Flamingo Crescent, Beacon Bay, East London, 5241, South Africa

FX1723602292

Verified

India

The Headway broker is Actually a Scam The manipulate trades, block withdrawals, and close accounts without any tangible evidence on when especially when huge profits were made. Please investigate first before using them it’s either their license is Cloned or faked

Exposure

Three days ago

FX3637756138

Verified

India

This broker is a Scam I have been trying to withdraw my balance but the keep rejecting my withdrawal request I have made a withdrawal request for over 5 times now but it’s still the same it’s really Annoying and Frustrating why can’t i withdraw my own money i deposited please take note

Exposure

Three days ago

FX3088308939

Unverified

Nigeria

They scam people by un able to withdraw

Exposure

Three days ago

FX2308641679

Verified

Malaysia

I am an old fan of Headway. It is pretty good so far. There are some slippages, but I can accept it.

Neutral

Two days ago

FX2361161133

Verified

Malaysia

The platform is formal and the broker is also very good

Positive

Two days ago

FX5791395162

Verified

Malaysia

The threshold is low for beginners, but the customer service is not very professional

Neutral

Two days ago

FX2432160899

Verified

Malaysia

It’s my first time using this service and I feel the customer service responded very quickly. Although the problem was not solved very well, their attitude was very good.

Neutral

Three days ago

FX3376399815

Verified

Thailand

I have always felt that Headway allows for quick account opening, but its weak regulatory license is a significant weakness. Headway offers many plugin tools suitable for technical traders. However, Headway's web platform has simplified functionality, its chart analysis tools are laggy, and sometimes the mobile terminal has connectivity issues. Users who rely on terminals from other providers may face limitations. Lastly, the customer service team is not professional and cannot communicate directly in Thai.

Neutral

Three days ago

FX1530794864

Unverified

Nigeria

I am Musnad, a professional trader and the founder of the Hausa Forex Trading community, and it pains me deeply to announce that Headway Broker, which I once introduced to our community in good faith, has turned out to be a complete scam. Despite claiming to be regulated by the South African FSCA, thorough investigations have revealed that their license is either fake or cloned from another company. They lured many of us—myself and several of my students—into their platform with deceptive offers like trading competitions and a $111 welcome bonus, only to later manipulate trades, block withdrawals, and close accounts without explanation, especially when profits were made. Several of our students trusted this broker because I introduced it, and I take full responsibility for exposing the truth now. Headway is not a trustworthy broker; it is a well-structured trap designed to take your money and vanish without any accountability.

Exposure

In a week

FX3812902323

Verified

Nigeria

I Think it's a nice app for trading, the bonus they add to the equity helps take up more positions plus they offer a low deposit as low as $1.26

Positive

In a week

FX8854852692

Verified

Bangladesh

Reliable broker with good platform. Using Headway and everything runs well. Execution is clean. Got verified within 1 hour and was trading same day.

Positive

In a week

DE_JUDGE1

Verified

Nigeria

In summary, Headway Broker offers the following account types: Fast trading speed, stable and reliable -Pro account: Features raw pricing with tight spreads on major currency pairs. -Standard account: Competitive spreads around 0.3 pips. -Cent account:Also with competitive spreads around 0.3 pips, likely suited for smaller trading amounts or beginners. These account types cater to different trading needs and preferences.

Positive

In a week

FX3756911479

Verified

India

They offer tight spreads* on majors, especially with the Pro account. Fast withdrawals are a standout feature. Unlimited leverage* is available but comes with high risk They have responsive customer support

Positive

In a week

Sharkman

Verified

Nigeria

Headway Broker really shines when it comes to getting your money out – they're super fast and hassle-free! Most of the time, withdrawals are processed in just a few hours to a day max, and there aren't any sneaky delays hiding in the process. Traders love how transparent and efficient Headway's payment system is, and they've got lots of ways to get your funds like e-wallets, bank transfers, and even crypto. All in all, Headway's speedy withdrawals help build their rep for being reliable and making users happy.

Neutral

In a week

Chain_Meastro

Verified

Benin

"Headway's got some really tight spreads on the major currency pairs – especially if you're going with their Pro account that has raw pricing. Even their Standard and Cent accounts are holding their own with spreads around 0.3 pips. Sure, some of the minor pairs and commodities might have a bit wider spreads, but overall Headway's pricing is right up there with the brokers who are all about keeping costs low for traders."

Neutral

In a week

Omar_Khan

Verified

Pakistan

"Headway Broker really nails it when it comes to support – they're super efficient and you can count on them! Their customer service team is on deck 24/7, so no matter when you need help, you can chat with them live, shoot them an email, or give 'em a call. Folks who've used their service say the agents are really helpful, know their stuff, and handle things pro-style. Whether you're stuck on something techy or have a question about your account, Headway's got your back every step of the way. All in all, their support makes trading a lot smoother and way more user-friendly."

Positive

In a week

A10_FX

Verified

Nigeria

This is one of the best Brokers in terms of Efficiency and user Friendly it gives room for low Spreads and also allow a low minimum deposit for people without much capital

Neutral

In a week

FX2190400882

Unverified

Lebanon

On 8 July 2025, , my client Yvonne Koot (Account number 353753) experienced a series of irregularities on her trading account with Headway. Ms. Koot began trading in January 2024 using our bot, and over 17 months, she generated consistent profits exceeding $23,000 from an initial deposit of $6,000, without a single loss. On the aforementioned date, despite stable market conditions and no major news events, we observed unusual slippage applied to executed trades, which caused the margin level to drop abruptly and unjustifiably. Notably, the same algorithm operates simultaneously on other brokers without any slippage or execution issues. On that day, EUR/USD moved 40 pips, well within the bot's operating threshold yet the account at Headway was triggered into Margin Call. Also, Ms. Koot's attempted to deposit 20,000$ to save her account and Headway denied it all under AML policy excuse..When we requested a copy of the liquidity provider price feed, they refused to give it.. Scammers

Exposure

In a week

Rashey

Verified

India

Headway is a reliable and efficient broker offering tight spreads, fast execution, and a user-friendly platform. It supports traders with excellent customer service, secure transactions, and a wide range of trading instruments. The platform is stable, transparent, and well-suited for both beginners and professionals. With quick deposits and withdrawals and no hidden charges, Headway proves to be a trustworthy and high-performing choice for modern trading needs.

Positive

In a week

lameen

Verified

India

Headway offers a seamless trading experience with tight spreads, fast execution, and a user-friendly interface. The platform is secure, reliable, and ideal for traders at all levels. Their customer support is responsive and professional, while deposits and withdrawals are processed quickly. A solid choice for serious traders.

Positive

In a week

Tafeeso

Verified

India

Headway is an outstanding broker with fast execution, low spreads, and a clean, intuitive platform. It offers excellent support, secure transactions, and a wide range of assets for trading. Whether you’re a beginner or a pro, Headway delivers a smooth, reliable, and transparent trading experience that builds trader confidence.

Positive

In a week

Dan bappah

Verified

India

Headway is an excellent broker that offers a seamless trading experience with low spreads, fast execution, and a user-friendly platform. Their customer support is highly responsive and professional, ensuring traders get the help they need promptly. With a wide range of trading instruments and transparent conditions, Headway caters to both beginners and experienced traders. The platform is stable and secure, making trading smooth and reliable. Additionally, they offer flexible account types and convenient deposit/withdrawal methods. Overall, Headway stands out for its commitment to client satisfaction, making it a top choice for anyone serious about trading in today’s markets.

Positive

In a week

jalo001

Verified

India

Headway is a top-tier broker known for its reliability, transparency, and superior trading conditions. It provides tight spreads, lightning-fast trade execution, and a user-friendly interface suitable for all levels of traders. The platform is secure and efficient, with a wide selection of assets including forex, indices, and commodities. Headway’s customer service is outstanding—fast, knowledgeable, and always available. Educational resources and tools are also well-structured to support trader growth. With quick deposits and withdrawals, plus no hidden fees, Headway proves itself as a trustworthy and professional broker committed to delivering excellent value and performance in every aspect of trading.

Positive

In a week

80
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Website

headwaybrokers.com
77.37.37.123
hw.site
104.26.13.138
hw.online
104.21.75.147
hw.international
104.21.17.50

Company Summary

Headway Review Summary
Founded2022
Registered Country/RegionSouth Africa
RegulationNo regulation
Market InstrumentsForex, indices, stocks, energies, metals, cryptocurrencies
Demo Account
Leverage1:1 - 1:unlimited
SpreadFrom 0.3 pips (Standard account)
Trading PlatformHeadway Trading App, MetaTrader 4, MetaTrader 5
Copy Tradiing
Minimum Deposit$1
Customer Support24/7 support, email: care@hw.site
WhatsApp, Facebook, Messenger

Headway Information

Headway is a full-service trading broker. The goal of it is to create a trading environment that is easy to use and open to all traders, from beginners to experts. The broker lets you trade on MetaTrader 4 and MetaTrader 5 platforms. It has more than 476 instruments, such as forex, stocks, indices, energies, metals, and cryptocurrencies. You can open an account for just $1, and spreads can be as low as 0.0 pips for Pro accounts. After meeting certain conditions, you can get unlimited leverage.

Headway's homepage

Pros and Cons

ProsCons
Wide variety of tradable instrumentsNo regulation
Three account types with low minimum depositLimited payment options
Demo accountsNo direct contact channel
Flexible leverage ratios
Supports MetaTrader 4 and 5
24/7 multilingual support

Is Headway Legit?

No. Headway operates as an unregulated entity. Although it's experienced company, but users need to be aware of this risk.

What Can I Trade on Headway?

Tradable InstrumentsSupported
Forex
Cryptocurrencies
Metals
Energies
Stocks
Indices
Bonds
Options
ETFs
Mutual Funds

Account Type

Account TypeMinimum DepositAccount CurrencyTrading Instruments
Cent$1USDStocks, indices
Standard$10USD, EUR, IDR, JPY, THB, NGN, ZAR, BRL, MYRForex, cryptos, metals, energies, stocks, indices
Pro$100
Account comparison

Leverage

Headway offers flexible leverage of 1:1 - 1:unlimited (after 5 standard lots) for all account types. Please note that high leverage can amplify not only profits but also losses.

Fees

Account TypeSpreadCommissionSwap
CentFloating from 0.3 pips0Swap-free option
Standard
ProFloating from 0.0Up to $1.5 per side per lot

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
Headway Trading AppAndroid, iOS/
MetaTrader 4Windows, Mac, Android, iOSBeginners
MetaTrader 5Windows, Mac, Android, iOSExperienced traders
Headway Trading App
MT4 and MT5 platforms

Deposit and Withdrawal

Headway accepts payments via Mastercard, Visa, and cryptos. However, specific info like deposit and withdrawal processing time and associated fees is not revealed.

Deposit and Withdrawal

Keywords

  • 2-5 years
  • Regulated in South Africa
  • Financial Service Corporate
  • MT4 Full License
  • MT5 Full License
  • Regional Brokers
  • Suspicious Overrun
  • High potential risk

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