Headway Review 2024 with Rankings by Dumb Little Man

By John V

May 27, 2024   •   Fact checked by Dumb Little Man

Overall Rating

Overall Ranking

Trading Terminals



Evaluation Criteria
The Dumb Little Man team, made up of financial specialists, seasoned traders, and personal investors, leverages advanced algorithms for in-depth reviews of brokerage firms. They focus on critical aspects like:

  • User Experience
  • Profit Potential
  • Reliability
  • Broker Expertise
  • Cost-effectiveness

By integrating feedback from actual users, they offer an impartial and thorough assessment. Their comprehensive research identifies Headway as a dependable choice for those seeking a robust financial ally. Nonetheless, Dumb Little Man advises prospective customers to meticulously examine their detailed analysis to grasp any potential drawbacks linked to the broker.

Headway Review

“Forex brokers” are essential for traders who want to access foreign exchange markets. Headway stands out from the competition because of its commitment to enhancing the trading experience. Headway is founded on the success and wisdom of its founders, who have vast experience in the financial industry.

To present an unbiased evaluation of Headway, this research makes use of the expertise of financial experts. Its goal is to provide potential clients a comprehensive understanding of everything Headway offers to offer those just starting out or progressing in their trading professions so they can make educated selections.

What is Headway?

Headway, a respectable Forex broker, is renowned for offering a meticulous and ethical trading environment. Experienced experts with a solid foundation in the financial industry formed the organization. Because of its history, Headway has become the market leader in Forex and has earned several accolades, such as Best ECN Broker, Best Forex Broker in Asia, and Best Forex Broker Africa 2023. Global recognition of their commitment to excellence attests to their dependability and superior caliber of service.

Headway’s assortment of products caters to a wide range of trade requirements and tastes. Traders can engage with a wide range of markets, including individual stocks, cryptocurrencies, energies, Forex, and indices. Thanks to this diversity, traders may trade popular currency pairs, significant indices like the NASDAQ, S&P 500, and Dow Jones, as well as volatile commodities like crude oil and gas. Cryptocurrency traders may also benefit from the volatility of 34 different cryptocurrencies, including Dogecoin, Ethereum, and Bitcoin, to raise their chances of generating a profit.

Headway prioritizes safeguarding the assets and confidential data of its clients, and it does this by using robust security protocols. They continuously evaluate execution quality, price improvement, and speed in order to optimize trading outcomes. With a $1 minimum stake, Headway makes financial trading accessible to a broad audience. The website supports all widely used payment methods, making purchases quick and simple. Furthermore, they provide round-the-clock, dedicated customer care to ensure that traders are successful and happy in their trading endeavors.

Safety and Security of Headway

The fact that Headway, which is run by JAROCEL PTY LTD, guarantees safety and security in its trading operations is an important factor for every trader searching for a Forex broker. The company is fully authorized and regulated by the Financial Sector Conduct Authority (FSCA), and it is registered in South Africa with license number 52108. This regulatory inspection is a major assurance of Headway’s commitment to maintaining the highest standards of operational integrity and client protection.

JAROCEL PTY LTD, located at 3 Flamingo Crescent, Beacon Bay, East London, keeps stringent security procedures to protect the interests of its clients. The registration and regulatory compliance are significant indicators of Headway’s dedication to transparency and ethical business practices. The information has been appropriately evaluated by Dumb Little Man’s study, which enhances the broker’s credibility in the competitive Forex market.

Traders may feel secure utilizing Headway as their broker since their funds and personal data are safeguarded by a robust structure. Headway upholds the utmost standards of safety and reliability by complying with both domestic and global financial regulations, a crucial aspect of fostering a secure trade atmosphere.

Pros and Cons of Headway


  • Variety of account types (Cent, Standard, Pro)
  • $111 no deposit bonus
  • Multichannel customer support (WhatsApp, Telegram, Facebook, Line)
  • Competitive spreads and no commission on some accounts
  • 24/7 customer support
  • User-friendly interface
  • Generous affiliate program (up to 42% of income)


  • Limited regulatory oversight
  • Limited advanced educational resources
  • Reliance on digital communication for support
  • Inconsistencies in support quality
  • Fewer trading instruments compared to competitors

Sign-Up Bonus of Headway

Instead of a standard sign-up bonus, Headway offers new customers a special $111 trading incentive to get them started in the world of trading. Traders may participate in live trading without needing to make an initial deposit because this bonus is granted instantly upon creating a bonus account. With this strategy, novice traders will have a significant advantage and be able to see the Headway trading environment firsthand.

Traders have a whole week to experiment with different markets and trading methods while the $111 incentive is available. This time is not only about turning a profit; it’s also a great chance to get hands-on experience using Headway’s platform. It is recommended that traders make the most of this opportunity to learn about the workings of the Forex market and hone their trading techniques.

In addition, partners can receive extra rewards through Headway’s Cash Booster program, which is dependent on their success. Depending on their clients’ net deposits and trading activity, partners might get sizeable incentives every month. For example, a partner can receive a $3000 incentive if they reach a monthly net deposit of $100,000 and 800 traded lots. Partners are encouraged to improve their performance by this tiered compensation structure, which is advantageous to both parties.

Minimum Deposit of Headway

With a variety of minimal deposit requirements, Headway provides traders of all skill levels with customizable alternatives. With only a $1 deposit required, the Cent Account is available to anybody just starting out in trading, which makes it a great option for novice traders looking to start small and reduce risk. For those looking to learn the fundamentals of Forex trading without making a sizable cash investment, this low entrance barrier is very advantageous.

Headway offers the Standard Account, with a $10 minimum deposit, for more seasoned traders. Traders who are ready to take on somewhat larger transactions and have a basic grasp of the market might consider this account type. Professional traders who want more sophisticated features and a higher level of capital participation can open a Pro Account with a $100 minimum deposit. Experienced traders looking for bigger bets and bigger rewards are catered to with this account.

Headway Account Types

Headway provides three different account kinds with simple, practical trading terms that are designed to satisfy the individual demands of various traders. These accounts offer infinite leverage and support 476 instruments on the MT4 and MT5 platforms. Market execution starts at only 0.16 seconds. This configuration is intended to give traders of all skill levels—from beginners to seasoned pros—the tools they need to succeed in the volatile Forex market.

Cent Account

  • Easy start with low risk, ideal for beginners and those using Expert Advisors.
  • Minimum Deposit: $1
  • Account Currency: USD
  • Spread: Floating from 0.3
  • Instruments Available: Stocks, indices, and FX indices (MT5)
  • Maximum Lot Size: 1000
  • Maximum Number of Positions: 300
  • Commission: None
  • Minimum Lot Size: 0.01
  • Basic Specs: Unlimited leverage after trading standard 5 lots, swap-free, no limit & stop levels, 30% margin call, 0% stop out.

Standard Account

  • Classic trading with the opportunity to trade bigger and smarter under favorable terms.
  • Minimum Deposit: $10
  • Account Currency: USD, EUR, IDR, JPY, THB
  • Spread: Floating from 0.3
  • Instruments Available: Over 300 options including Forex, cryptocurrencies, metals, energies, stocks, indices, FX indices
  • Maximum Lot Size: 500
  • Maximum Number of Positions: 1000
  • Commission: None
  • Minimum Lot Size: 0.01
  • Basic Specs: Leverage from 1:1 to unlimited, swap-free, no limit & stop levels, 30% margin call, 0% stop out.

Pro Account

  • Features the lowest spreads starting from 0 pips, with no limits on trading capacities.
  • Minimum Deposit: $100
  • Account Currency: USD, EUR, IDR, JPY, THB
  • Spread: Floating from 0.0
  • Instruments Available: More than 350 options including Forex, cryptocurrencies, metals, energies, stocks, indices, FX indices
  • Maximum Lot Size: Unlimited
  • Maximum Number of Positions: Unlimited
  • Commission: Up to $1.5 each side per lot
  • Minimum Lot Size: 0.1
  • Basic Specs: Leverage from 1:1 to unlimited, swap-free, no limit & stop levels, 30% margin call, 0% stop out.

Headway Customer Reviews

Customer feedback on Headway offers conflicting opinions about the reliability and caliber of the broker’s services. Some traders recommend Headway as a trading platform; for example, one trader made $2000 from a $111 trading bonus, and another made a profit of $40.

However, negative reviews with the withdrawal procedure and customer service have come up. A client who had trouble withdrawing his earnings called the broker deceptive, while another said that his interactions with assistance were inadequate. The aforementioned reviews underscore the significance of unambiguous communication and dependable customer support in upholding confidence and contentment within the Forex trading community.

Headway Fees, Spreads, and Commissions

Headway ensures transparency and low prices for all of its account types by structuring its fees, spreads, and charges to suit varying trading levels. With spreads that start at 0.3, both the Standard Account and the Cent Account have the advantage of no commission for individuals who are just getting started. This specific structure is very attractive to novice traders who want to learn the ropes without having to worry about extra expenses.

The Pro Account offers very narrow spreads that begin floating at 0.0 and a fee cost of up to $1.5 per lot for traders with more expertise. High-volume traders stand to gain from this arrangement as they may take advantage of almost nonexistent spreads to increase the efficiency and profitability of their trading. To guarantee the best trading circumstances, each account type is designed to offer particular financial benefits that correspond with the trader’s expertise level and trading tactics.

Deposit and Withdrawal

A trading expert at Dumb Little Man has carefully examined Headway’s deposit and withdrawal methods, guaranteeing a clear comprehension for prospective traders. For the majority of payment methods, there are no fees or commissions associated with deposits or withdrawals because the firm covers these expenses, resulting in financially advantageous transactions for customers.

However, depending on the rules of the payment system being used, transactions using cryptocurrency can result in a commission. For traders who choose to use digital currencies, this information is essential as it may have an impact on the total cost of their trading activity. using the Payments area located in the screen footer, users can easily manage their cash and make deposits and withdrawals using the program.

Traders just need to choose their destination (a wallet or a trading account), enter the desired amount, pick a payment method, and follow the simple steps to start a deposit. On the other hand, withdrawals call for account verification and an extra security measure in which a code is given to the registered email address to validate the withdrawal. Both procedures are meant to be quick and simple. To further ensure flexibility and convenience of money management, the Payments page also allows internal transfers between wallets and accounts.

How to Open a Headway Account

With Headway, opening an account is a simple and intuitive procedure that caters to both inexperienced and seasoned traders. Traders may customize a Real or Demo account in the Personal Area to meet their unique trading requirements and preferences by just following a few easy steps.

  1. Access your Personal Area and navigate to the Dashboard.
  2. In the My Accounts section, click on + Create Account.
  3. Select whether to open a Real Account or a Demo Account.
  4. Choose your preferred account type among Cent, Standard, or Pro.
  5. Select your trading platform, either MT5 or MT4.
  6. Set your desired leverage and account currency.
  7. Opt to enable Swap Free for eligible countries by contacting Customer Care.
  8. Activate Fixed Rate if you are a resident of Indonesia through Customer Care.
  9. Finalize your choices and click on Create account to establish your new trading account.

Headway Affiliate Program

For those seeking to establish a possible alliance in the financial trading industry, Headway’s Affiliate Program is a particularly attractive income potential. The generous terms offered by Headway may be quite advantageous for affiliates, who have the opportunity to earn as much as 42% of the company’s revenue. The program is designed to be both profitable and simple to use. It offers quick withdrawals without any additional costs, which attracts partners.

With the help of the program’s three-level partnership structure, affiliates can profit from secondary and tertiary referral activities in addition to direct referrals. This multi-tiered strategy encourages development and expansion inside the affiliate network while optimizing earning possibilities. In order to support affiliates in efficiently marketing the services and provide them all the resources they need to draw in and keep customers, Headway additionally offers a variety of tools and promotional materials.

In-depth analytics are also available to affiliates, allowing them to monitor their progress, adjust their tactics, and increase their profits. Affiliates may select a framework that best fits their business model thanks to the variety of partnership kinds offered by Headway’s Affiliate Program, which increases the program’s chances of success.

Headway Customer Support

Headway’s customer service is intended to be very prompt and reachable, so traders may get help whenever they need it. Headway provides a range of communication methods, such as Facebook, WhatsApp, Telegram, and Line, to accommodate a wide clientele, as per the experiences shared by Dumb Little Man. The multichannel strategy makes it easier and more comfortable for traders to contact assistance.

Headway offers a live chat facility on their website that enables immediate connection and help in addition to these platforms. With the tagline “Headway Cares about Your Happiness,” the firm highlights its commitment to customer satisfaction and invites consumers to contact them at any time via email at [email protected]. This extensive support system is designed to guarantee that all questions and issues raised by traders are handled efficiently and quickly, improving the traders’ overall Headway trading experience.

Advantages and Disadvantages of Headway Customer Support

Multichannel support

Live chat available

Proactive customer care

24/7 accessibility
Unclear support quality

Potential inconsistency across channels

Heavy reliance on digital communication

Headway vs Other Brokers

#1 Headway vs AvaTrade

Headway offers a variety of trading accounts settings to accommodate traders of all skill levels, an intuitive trading interface, and several customer care channels. It caters to beginning and intermediate traders and provides fair spreads in addition to a unique $111 trading incentive that doesn’t need a down payment. On the other hand, AvaTrade, a respectable broker that has been in business since 2006, provides a wide range of trading platforms and tradable instruments suitable for both manual and automated trading. Modern trading tools like AvaProtect, regulatory compliance across several countries, and educational resources are among AvaTrade’s most well-known attributes.

Verdict: If traders are looking for a broader selection of trading instruments and a more extensive educational support system, especially for automated trading, AvaTrade would be a better choice. However, Headway will appeal more to traders who need simpler, bonus-focused trading conditions with maybe lower entrance barriers.

#2 Headway vs RoboForex

Headway provides an easy-to-use trading interface, an incentive scheme that increases trading skill at first, and some accounts with no commission requirements. Since 2009, RoboForex has offered an extensive selection of trading platforms, including as MT4, MT5, cTrader, and R Stock Trader, to accommodate a broad variety of trader preferences. RoboForex is well-known for its customizable trading settings, which can be adjusted to suit different trading volumes and approaches.

Verdict: RoboForex is most likely a better choice for traders who require a range of trading platforms and special trading conditions. But, Headway could be a superior option for those seeking straightforward trading options powered by bonuses and a strong network of customer support.

#3 Headway vs FXChoice

Headway offers a user-friendly trading environment with a focus on Forex trading and access to fundamental trading tools. It provides a unique no-deposit incentive along with a wide range of account options. In addition to providing a wide range of Forex pairings—including unusual ones like the South African Rand and the Russian Ruble—FXChoice also specializes in CFD trading of commodities. Dealers may now distribute their assets across both established and emerging markets thanks to this.

Verdict: FXChoice offers a wider variety of trading opportunities for those who want to research emerging markets and other commodities. This makes it an improved choice for traders wishing to broaden the scope of their trading strategies. Headway, however, can be more alluring to inexperienced traders or those who focus on Forex and appreciate bonus incentives.

Choose Asia Forex Mentor for Your Forex Trading Success

If you wish to start a prosperous forex trading profession and aim for substantial financial benefits, Asia Forex Mentor is your best bet. This platform, recommended by Dumb Little Man’s trading gurus, is run by prominent trader Ezekiel Chew, who routinely completes seven-figure transactions and has a substantial influence over banks and trading institutions. The popularity of Asia Forex Mentor can be explained by the following:

Comprehensive Curriculum: Asia FX Mentor provides a thorough education covering all aspects of trading stocks, cryptocurrencies, and foreign exchange. This program’s objective is to provide prospective traders the knowledge and skills they need to succeed in these markets.

A track record of success: Asia Forex Mentor is renowned for delivering profitable traders on a consistent basis. This accomplishment shows the value of their mentorship and instructional initiatives.

Expert Mentor: Students receive guidance from mentor Ezekiel Chew, who has a successful trading background. With his insights, students may navigate the intricacy of several marketplaces with ease.

Community: Traders on the platform may connect with others who share their interests. Through promoting collaboration, idea sharing, and peer learning, this network improves the quality of the educational experience.

Emphasis on Psychology and Discipline: Successful trading requires both a disciplined approach and a solid psychological foundation. Asia Forex Mentor focuses on these topics and shows traders how to effectively manage their stress and emotions.

Frequent Updates and Resources: Learning never stops since the financial markets are always changing. To ensure that its students are up to date on the newest methods and trends, Asia Forex Mentor provides them with an endless stream of material.

Success Stories: The program’s efficacy is demonstrated by the numerous testimonies of individuals who have gained financial independence by following Asia Forex Mentor’s advice.

In conclusion, the greatest resource for anyone wishing to learn everything there is to know about stock, forex, and cryptocurrency trading is Asia Forex Mentor. With its extensive curriculum, expert oversight, and supportive community, it equips traders with the knowledge and abilities need to thrive in a range of financial markets.





#1 Forex, Crypto and Stocks trading course. Ranked most comprehensive by Investopedia and Best by Benzinga. Free to Try!

>> Also Read: Bourse Direct Review 2024 with Rankings By Dumb Little Man

Conclusion: Headway Review

In summary, Headway has set itself apart from other trading platforms by offering a range of account types that are appropriate for the needs of various traders, from beginners to specialists. The $111 no-deposit bonus is one particularly enticing feature for beginners since it allows them to start trading with a minimal initial investment. The platform’s flexible trading conditions and user-friendly appearance may potentially appeal to a broad spectrum of traders.

Notwithstanding these benefits, potential traders should consider certain drawbacks, such as Headway’s restricted regulatory oversight and constrained assortment of trading products. These factors can worry those seeking tight regulatory compliance and a broad range of market opportunities. Because of this, traders should carefully weigh these aspects in light of their personal trading strategy and risk tolerance, even if Headway provides many enticing features.

>> Also Read: TMS Brokers Review 2024 with Rankings By Dumb Little Man

Headway Review FAQs

Is Headway worth the money?

Headway is a good buy for traders looking for a simple platform with low entry barriers. The range of account options and the $111 no-deposit bonus offer great value, especially for inexperienced traders looking to enter the market with minimal risk to their capital.

How legit is Headway?

Headway is a trustworthy broker that offers a range of trading services and is well-known for its user-friendly interface and flexible trading conditions. Prospective clients should be advised that while Headway provides reliable services, it may not be as closely inspected by the authorities as other brokers who are bound by more stringent laws.

Is Headway a regulated broker?

Headway is, in fact, a registered broker; nonetheless, it is imperative that potential traders understand the scope and limitations of this legal framework. While it offers some regulatory supervision, it may not be as comprehensive as some of the top brokers who are governed by more stringent rules from agencies such as the SEC or the FCA. This is a crucial point of concern for traders who value corporate governance and security highly.

Dumb Little Man Recommends – Top 3 Best Forex Brokers in 2024

John V

John is a digital marketing master's student who enjoys writing articles on business, finance, health, and relationships in his free time. His diverse interests and ability to convey complex ideas in a clear, engaging manner make him a valuable contributor to these fields.

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