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HEADWAY -

Score

4.42 /10
Average

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 97

Exposure

Time Machine
Website

Score

Regulatory Index3.60

Business Index6.12

Risk Management Index0.00

Software Index9.76

License Index3.60

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

open now

Broker Information

More

Company Name

JAROCEL PTY LTD

Company Abbreviation

HEADWAY

Platform registered country and region

South Africa

Company website

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Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts
Previous Detection : 2026-04-30
  • WikiFX has recorded a total of 87 user complaints against this broker. Please be aware of the high risks and exercise extreme caution.

WikiFX Verification

Exposure

97 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Balance suddenly shows 0.

After making a profit, tried to withdraw but failed, and then the balance suddenly became 0.

2026-03-07 14:26
Others

I've been plagued by

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.

2025-09-08 20:26
Resolved

I wish they resolve the

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.

2025-09-08 19:51
Resolved

The deposit bonus you

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

2025-09-11 06:39
Unable to Withdraw

I'm withdraw from 5th December Friday night until now not received the fund sent email, chat bot asking patience but still not solve don't trust the broker

I'm withdraw from 5th December Friday night until now not received the fund sent email, chat bot asking patience but still not solve don't trust the broker

2025-12-09 20:33
Resolved

| لا أفهم هذا الهراء

| 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

2025-09-09 20:06
Resolved

They're making an excuse

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

2025-09-08 19:28
Scam

It's an absolute scam,Trading on Headway resulted in me losing money, sliding from 1.16914 to 1.16625, leaving my balance at only 2.8。

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

2025-09-27 02:21
Others

I can't close my position, I'm losing a lot

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.

2025-10-26 09:13
Resolved

وسيط Headway هو في الواقع

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

2025-09-09 20:00
Resolved

It's an absolute scam

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.

2025-09-11 06:24
Resolved

Signed up for a reduced

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.

2025-09-08 23:24
Resolved

After earning a profit

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.

2025-09-08 20:08
Resolved

The Headway broker stole my profits.

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.

2025-09-09 20:20
Scam

it's absolutely scam look

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

2025-09-28 13:05
Unable to Withdraw

UNABLE TO WITHDRAW

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

2025-10-04 14:44
    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: Is this Forex Broker Legit or a Scam?

    HEADWAY is a relatively new South African broker regulated by the FSCA, but it carries a severe risk profile due to a massive influx of user complaints. Exercise extreme caution, as its low WikiFX score of 4.42 reflects alarming reports of blocked withdrawals, severe slippage, and manipulated price feeds.

    WikiFX
    2026-04-22 12:00
    HEADWAY Review 2026: Is this Forex Broker Legit or a Scam?

    ExposureHEADWAY Review: A High-Risk Trap Engineered to Drain Retail Traders

    Our latest investigation into HEADWAY reveals a severe high-risk trap, with over 86 urgent user complaints registered in just three months. Despite a South African regulatory license, everyday traders report devastating funds being deliberately withheld, severe market data manipulation, and engineered platform lockouts that drain retail accounts in seconds.

    WikiFX
    2026-03-09 17:20
    HEADWAY Review: A High-Risk Trap Engineered to Drain Retail Traders

    ExposureHeadway Scam Alert: Saudi Arabia & Iraq Traders Defrauded

    Headway defrauded Saudi & Iraq traders: fake excuses, profit thefts, bonus vanishes, and slippage. Read scam exposure & protect your funds now!

    WikiFX
    2026-02-10 17:21
    Headway Scam Alert: Saudi Arabia & Iraq Traders Defrauded

    ExposureHeadway Review: A Regulatory Smoke Screen for Systematic Capital Drain

    Headway is a regulatory mirage fronting as a legitimate broker, weaponizing wide spreads and arbitrary withdrawal blocks to incinerate client capital. With dozens of reports of ghost prices and vanishing bonuses, this South African entity proves that even a regulated status can't hide a predatory business model.

    WikiFX
    2026-02-10 15:00
    Headway Review: A Regulatory Smoke Screen for Systematic Capital Drain
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    User comment

    250

    Comments

    Write a review

    kroll crypto
    6-12months
    so far so good..i used for almost two years without any problem...until now i still used because friendly customer services
    so far so good..i used for almost two years without any problem...until now i still used because friendly customer services
    Translate to English
    2026-04-27 08:34
    Reply
    0
    0
    MIFTAH PG
    0-3months
    Sehabis profit, mau ditarik gagal, tiba tiba saldo menjadi 0
    Sehabis profit, mau ditarik gagal, tiba tiba saldo menjadi 0
    Translate to English
    2026-03-07 14:26
    Reply
    0
    0
    97