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HEADWAY -

Score

1.48 /10
Danger

HEADWAY

South Africa

2-5 years

Regulated in South Africa

Derivatives Trading License (EP)

MT4 Full License

Regional Brokers

High Potential Risk

https://hw.site

Influence

A

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Comparison

Quantity 101

Exposure

Time Machine
Website

Score

Regulatory Index7.83

Business Index7.56

Risk Management Index0.00

Software Index8.31

License Index4.82

The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.
Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

JAROCEL PTY LTD

Company Abbreviation

HEADWAY

Platform registered country and region

South Africa

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2026-08-11
  • The WikiFX cloud system has detected an excessive number of complaints against this broker, leading to its placement on the WikiFX Complaint Blacklist. Please be aware of the high risk.
  • WikiFX has recorded a total of 89 user complaints against this broker. Please be aware of the high risks and exercise extreme caution.

WikiFX Verification

HEADWAY · 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 App✔Android, iOS/
MetaTrader 4✔Windows, Mac, Android, iOSBeginners
MetaTrader 5✔Windows, 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

News

ExposureHEADWAY Review 2026: Regulated but Full of Complaints?

This comprehensive HEADWAY review provides an in depth look at the regulatory standing, WikiScore rating, account conditions, and user feedback for the HEADWAY broker based on data available on WikiFX.

WikiFX
2026-08-04 14:34
HEADWAY Review 2026: Regulated but Full of Complaints?

ExposureHEADWAY Review: Broker Complaints Point to Withdrawals, Zeroed Balances, and Login Blocks

HEADWAY carries an active South Africa FSCA record, but WikiFX has received 87 complaints in the past 3 months, including a 2026 report that a profit withdrawal failed before the balance suddenly became zero. Treat this broker as high-risk until withdrawal, execution, and account-access complaints are independently resolved.

WikiFX
2026-06-08 11:00
HEADWAY Review: Broker Complaints Point to Withdrawals, Zeroed Balances, and Login Blocks

ExposureHEADWAY Review 2026: Severe Complaints, Withdrawals, and Risk Signals

HEADWAY holds regulation from South Africa's FSCA, but an alarming volume of trader complaints regarding blocked withdrawals and manipulated platforms indicates a severe risk level. Indian traders should exercise extreme caution before opening an account or depositing funds.

WikiFX
2026-06-05 14:30
HEADWAY Review 2026: Severe Complaints, Withdrawals, and Risk Signals

ExposureHEADWAY Review 2026: Is This Forex Broker Safe?

HEADWAY is a South Africa-regulated forex broker with a WikiFX Score of 4.42. It offers MT4/MT5, a proprietary mobile app, three account types, low stated entry thresholds, and high leverage, but WikiFX records a large volume of user complaints involving withdrawals, slippage, platform freezes, account access, and bonus-related disputes. Overall, the broker shows regulated status under the South Africa FSCA, yet the complaint density and low WikiFX score indicate that traders should approach with caution.

WikiFX
2026-06-04 12:00
HEADWAY Review 2026: Is This Forex Broker Safe?
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FX2871491428
0-3months
Headway (Jarocel Pty Ltd, FSCA License 52108) has permanently blocked my account (1*****) and confiscated more than $3,200 USD of my legitimate trading profits on XAU/USD. This broker eagerly accepted $10,000 USD in cumulative losses across my first two accounts without any issues. The exact moment I made a profit on my third account, they locked my access and retroactively cancelled my profits under a fake compliance excuse. Avoid Headway, they only let you lose!”
Headway (Jarocel Pty Ltd, FSCA License 52108) has permanently blocked my account (1*****) and confiscated more than $3,200 USD of my legitimate trading profits on XAU/USD. This broker eagerly accepted $10,000 USD in cumulative losses across my first two accounts without any issues. The exact moment I made a profit on my third account, they locked my access and retroactively cancelled my profits under a fake compliance excuse. Avoid Headway, they only let you lose!”
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2026-08-10 09:24
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Che Ku Asbullah Che Ku Ahmad
0-3months
Reject my withdrawal
Reject my withdrawal
Translate to English
2026-07-28 21:55
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