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Score

0 1 2 3 4 5 6 7 8 9
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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
The WikiFX Score of this broker is reduced because of too many complaints!

Headway

South Africa 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
United Kingdom
MT4
28

Influence

A

Influence index NO.1

Uzbekistan Uzbekistan 6.50
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

28
Server Name
Headway-Demo MT4
Server Location United Kingdom United Kingdom

Influence

Influence

A

Influence index NO.1

Uzbekistan Uzbekistan 6.50
Surpassed 43.20% 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
  • WikiFX has received a total of 85 user complaints against this broker, please be aware of the risks and do not be scammed!
2

Basic Information

Registered Region
South Africa 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
FX4081460751

FX4081460751

Unverified

Indonesia

Unable to open or close positions, in a floating loss state MT5 has no connection even though the network is good, just auto blacklist, lost twice in one night almost 300 dollars.

Exposure

FX1048732663

FX1048732663

Verified

Nigeria

Headway broker tone to scam broker I have withdrawn my assets over three times but the request is declined I don't know way. headway I want tell you that it's my privilege to withdraw my assets when needed. how was the broker declined the withdrawal request with out telling or showing the reason of decline this is totally unacceptable and also it's absolutely scam

Exposure

kawu1937

kawu1937

Verified

Nigeria

it's absolutely scam look at the full prove of the message showing in pictures below 👇👇 headway increase the leverage on conditionaly with out knowing the user from 1.0 to 1.002 up to 1.100 which is trabaly scam some time unable to trade unable to withdraw

Exposure

FX2518921045

FX2518921045

Verified

Nigeria

It's an absolute scam, as the deposit bonus they offer you will disappear in seconds due to the spreads alone, plus you'll find that even if your account is balanced, they can remove your bonus mid-trade and blow up your entire account like they did to me. Other Exposures Original

Exposure

palhaji sami

palhaji sami

Verified

Iraq

The deposit bonus you are they offer you will disappear in seconds due to the spreads alone on top of that you will find out that even if you're Account Ballance is fine they can remove your bonus mid trade and blow up your whole account like they did to me. I went from $230

Exposure

Kamilu sabo

Kamilu sabo

Verified

Iraq

It's an absolute scam, as the deposit bonus they offer you will disappear in seconds due to the spreads alone, plus you'll find that even if your account is balanced, they can remove your bonus mid-trade and blow up your entire account like they did to me.

Exposure

abbanne Abdul

abbanne Abdul

Verified

Iraq

The Headway broker stole my profits and told me that I misused the negative balance process when I did not incur any losses on the account. Everyone should stay away from the fraudulent broker who stole my profit of $1268.

Exposure

Muhd Zubair

Muhd Zubair

Verified

Iraq

| لا أفهم هذا الهراء في كل مرة أقوم فيها بسحب الأموال من وساطتك، يتم رفضها دائمًا، كانت خدمة العملاء لديك تخبر بعض المتفائلين أنه يجب علي استخدام نفس الحساب الذي استخدمته للإيداع والسحب وهذا ما فعلته هراء

Exposure

sani kamal

sani kamal

Verified

Iraq

وسيط Headway هو في الواقع عملية احتيال. يتلاعبون بالصفقات، ويمنعون عمليات السحب، ويغلقون الحسابات دون أي دليل ملموس على متى تم تحقيق أرباح ضخمة. يرجى التحقق أولاً قبل استخدامهم، إما أن يكون ترخيصهم مستنسخًا أو مزيفًا

Exposure

Musa murima

Musa murima

Verified

Saudi Arabia

Signed up for a reduced price trial for three months and forgot to cancel. They charged me almost $100 for another three months subscription with zero communication until afterwards, and refuse to give me a refund. The App itself might be ok, but customer Not a good experience! The overall process with pay is not great and cannot be equally.

Exposure

Sani salim

Sani salim

Verified

Saudi Arabia

I've been plagued by both slippage and margin calls, sinking into despair. Slippage haunts every trade like a ghost. In one GBP/JPY trade, the market was stable, but my order slipped by over 30 pips.

Exposure

Etsu mana

Etsu mana

Verified

Saudi Arabia

After earning a profit today, they withdrew all my funds, including my initial capital. They falsely claimed I had five accounts, which is untrue. I spent over three hours communicating with them.

Exposure

Dan Makama

Dan Makama

Verified

Saudi Arabia

I wish they resolve the issue, but they refused to refund my money. They stated my account was in the negative, which is false, and proceeded to drain my account to zero. I feel deeply upset by this. The representatives were rude, unhelpful.

Exposure

Kamal Sani ba

Kamal Sani ba

Verified

Saudi Arabia

They're making an excuse to steal my funds saying My account has crossing with Samantha gross using their bot which is not accurate because I don't even know that person And I don't know what he has to do with my funds missing on my trading account

Exposure

RealOne1021

RealOne1021

Verified

Singapore

Headway is the most fraud broker I ever seen. Last night the rhe server had a technical problem and they closed all my open positions,and today they are telling me that all issues had been addressed and resolved,which is really not true!

Exposure

FX4205959506

FX4205959506

Verified

Malaysia

I chose this crappy platform, Headway, and fell for their "data-based" claims. Now, withdrawing my money is incredibly difficult. The Malaysian team running it are a bunch of scoundrels! Last month, I saw some gains in my account and thought I'd withdraw my principal first. But after submitting a withdrawal request, I started waiting endlessly. Customer service initially said it would arrive in 3-5 business days, but after a week, nothing happened. I contacted them, and the Malaysian customer service staff started arguing, saying my withdrawal request had "data anomalies" and required additional information. I submitted the requested information again and again, but they still refused. It's clear they don't want me to withdraw! Now, not only can I not withdraw my money, I can't even log in! Is this what they call "data-based"? They're just using fake data to scam users out of their money!

Exposure

FX3356244193

FX3356244193

Verified

Thailand

Headway You, a lousy platform, has taken all the money I earned from cooking in Thailand. Last Friday morning at 08.30, I was staring at the XAU/THB (gold to Thai baht) market. The night before, I stayed up late analyzing K-Line data for almost 10 days and managed to build a position of over 3 lots at 26,500. After clicking to confirm, the platform showed a blank white screen—my mouse clicks didn’t respond at all! I was drenched in sweat. I quickly restarted my phone, switched to my tablet, and logged in again, wasting 18 minutes just to get back in. By then, the price had surged to 26,780. I could have made a profit of 252,000 baht, but now, not only did I miss the opportunity, but due to the delayed execution, the follow-up position I added also resulted in another 98,000 baht loss. I complained to customer service, but the guy there was like a robot, just saying, 'There was excessive system traffic at that time—it’s normal fluctuation.' Normal fluctuation? My friend traded on another platform at the same time—why didn’t they have any issues? This month, I lost nearly 400,000 baht just because of Headway’s failed order execution! Headway, you deliberately caused delays and want us retail investors to lose money.

Exposure

FX3295060534

FX3295060534

Verified

Malaysia

It's a scam. The bonus is tied to your principal, and unlocking it requires trading 3,800 lots. I was attracted by Headway's "Deposit RM50,000, get RM25,000" promotion and received the bonus after depositing. However, when I applied to withdraw my RM15,000 profit in February, I was told I needed to complete "200x trading volume" to unlock it. Based on my trading habit of 0.1 lots per trade, I would need to trade (50,000 + 25,000) × 200 ÷ 100,000 = 150 lots. The actual platform requires a 300x "bonus + principal" ratio, meaning I would need to trade 75,000 × 300 ÷ 100,000 = 225 lots. Based on the average Malaysian trading volume of 5 lots per day, this would take two years to complete. I requested to withdraw my principal and gave up my bonus, but was charged a 50% penalty (RM25,000). Ultimately, I was only able to withdraw RM25,000, a 50% loss on my principal. This should serve as a warning to everyone: don't use this unscrupulous platform. It's not trustworthy.

Exposure

FX7186156320

FX7186156320

Verified

Indonesia

Spread manipulation and slippage traps devour principal. On the night of the Federal Reserve's interest rate decision in June 2025, I encountered malicious manipulation when trading USD/MYR on Headway. The platform advertised "ECN account spreads as low as 0.5 points," but when I opened a position, the EUR/USD spread suddenly soared from the normal 1.8 points to 15 points, and my 100,000 ringgit principal was instantly deducted from RM4,500 in fees. Even worse, when GBP/JPY hit my set take-profit point of 182.30, the platform showed slippage to 180.90, forcing a forced liquidation. The original RM8,200 profit turned into a loss of RM6,700. Headway's license does not cover Malaysian customers, which is an unauthorized operation. It's fake, stay away from this platform.

Exposure

hembadon

hembadon

Verified

India

I requested withdrawal with was the exact one I used for a previous deposit. I headed straight to Local bank withdrawal only to see a comment attached that local bank transfer could take up to 7 business days. What sought of nonsense is that? If there should be any faster method outside of e-wallet it should be local bank transfer. This is making me doubt their sincerity as a broker

Exposure

251
Account
Related Software
Biz Area
Website
Genealogy
Company Summary
News
Wiki Q&A
Comment
MT4/5
Full License MT4
Full License MT4
Full License MT5
Full License MT5
2
MT4 Servers
2
MT5 Servers
199.02
velocityIcon
Average execution speed/ms

Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong

Meta Trader 4
Meta Trader 4
Perfect
Meta Trader 5
Meta Trader 5
Perfect

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Official website

Website

  • United Kingdom headwaybrokers.com
    77.37.37.123
  • United States hw.site
    104.26.13.138
  • United States hw.online
    104.21.75.147
  • United States hw.international
    104.21.17.50

Genealogy

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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
  • Self-developed
  • Regional Brokers
  • Suspicious Overrun
  • High potential risk

News

Headway Scam Allegations: 18 Complaints Successively Reported

Exposure Headway Scam Allegations: 18 Complaints Successively Reported

Headway Broker faces mounting allegations of withdrawal manipulation, spread fraud, and account closure tactics despite FSCA regulation.

5 Reasons Why Traders Are Losing Trust in Headway Broker

Exposure 5 Reasons Why Traders Are Losing Trust in Headway Broker

Signs that make you afraid of being scammed. As a result, you end your cooperation with any broker that seems suspicious. This is exact reason why traders are keeping their distance from Headway. But what are the major concerns? You should know them. We’ve explained these warning signs in the article below. Keep reading to stay alert and informed.

WikiFX Broker Assessment Series | Headway: Is It Trustworthy?

Exposure WikiFX Broker Assessment Series | Headway: Is It Trustworthy?

In this article, we will conduct a comprehensive examination of Headway, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.

User Reviews 251

All (251) Positive (75) Neutral (81) Exposure (95)
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consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
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