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/10
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

A

Influence index NO.1

South Africa 5.39
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

A

Influence index NO.1

South Africa 5.39
Surpassed 43.10% 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
2025-09-11
  • WikiFX has received a total of 88 user complaints against this broker, please be aware of the risks and do not be scammed!
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

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

Two days ago

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

Two days ago

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

Two days ago

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

Three days ago

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

Three days ago

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

Three days ago

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

Three days ago

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

Three days ago

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

In a week

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

In a week

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

In a week

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

09-01

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

09-01

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

09-01

simijay

Verified

India

After I made profit today, they withdrew all my money including capital. They claim I had five accounts which is a big lie. Chatted with them for more than 3 hours to resolve but they refused to refund. Claimed my account was in negative and withdrew all my money to zero. I was never in negative. Am hurt. The representatives/agents are very rude and don’t listen but withdrew my money

Exposure

09-01

yokuzuna

Verified

India

The Broker took my $17 which I had grown from $7. I contacted support Via X but all I got was unprofessional Customer support, kept on insisting that it was my fault. I don't recommend anyone to trade with Headway

Exposure

08-31

FX2556191531

Verified

Indonesia

I invested my money believing your lies about "zero data delays and no withdrawal thresholds." Now, not only have I lost everything to your fake data, I can't even get back my remaining principal! I submitted a withdrawal request three weeks ago, and there hasn't been a single response yet! Every time I contact customer service, they either say "Finance is reviewing the equipment purchase contract" or "We need a supplementary environmental impact assessment report for the factory." I even sent you a photo of the equipment quotation and a copy of my business license. What else do I need? You're just deliberately looking for excuses to deduct money! My factory was relying on this money to upgrade its equipment, but now the old machines keep breaking down. We have a mountain of orders but can't produce them, and the workers are about to quit!

Exposure

08-31

FX1482052502

Verified

Malaysia

This scammer must be exposed. Chart prices don't match execution prices. My trust in Headway has completely shattered because they're directly manipulating the trading platform. I've repeatedly encountered a fatal flaw: the price displayed on the MT5 chart doesn't match the actual execution price of my order! For example, even though the chart clearly showed the price hadn't hit my stop-loss, I received a platform notification that my stop-loss had been triggered. Checking my transaction history, I discovered the stop-loss was executed at a "ghost price" that didn't even appear on the chart. This strongly leads me to suspect their quote system is being manipulated to trigger clients' stops at critical points, thereby profiting the platform. For Malaysian traders, this unverifiable quote system is like a black box, leaving your fate completely in their hands.

Exposure

08-31

FX1957275215

Verified

Thailand

The profit target was maliciously missed, and the profit instantly turned into a loss. On March 12, 2025, I opened a buy order for GBP/JPY on Headway and set the profit target at 185.50. When the market reached 185.52, the platform displayed a stop-loss at 184.80 and forced a profit-taking sell. The original profit of 6,500 THB turned into a loss of 9,200 THB. Customer service explained that it was due to "illiquidity," but the candlestick chart I extracted clearly showed transaction records. This situation occurred consecutively for three days during the release of important data, such as non-farm payroll and the Consumer Price Index (CPI). A senior trader in Thailand told me that this platform exploits the time difference between Bangkok and London and intentionally widens spreads during the Asian market's morning hours. My account details show that the cumulative loss from slippage in March reached 32,000 THB, and the platform refused to provide third-party liquidity proof. Thai traders should not be deceived by this broker—avoid it.

Exposure

08-31

FX9648260082

Verified

Malaysia

I used to trade gold, basing my strategy on your platform's candlestick charts and volume data. But every time I placed an order, the data would "go against me"! When I went long, your data would deliberately push it down; when I went short, it would suddenly surge back up. In just one week, I was wiped out twice! Suspecting a problem with your platform, I used a secondary account to trade both your platform and Maybank Investment Bank in Malaysia. Maybank made a 20% profit, while your platform suffered a 40% loss! Now I want to quit, but withdrawing my funds is incredibly difficult! I've submitted six withdrawal requests, and each time they were rejected due to "anomalies in the transaction records," and you couldn't even explain what the anomaly was! I called my account manager, but he blocked me. I left messages on your platform, but they were blocked.

Exposure

08-30

245
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Comment
MT4/5
Full License MT4
Full License MT5
2
MT4 Servers
2
MT5 Servers
210.13
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
Perfect
Meta Trader 5
Perfect

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Official website

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

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