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| Account type | Standard | Ultra Low (Pro/Raw) |
|---|---|---|
| currencies | $2.46 – $18.18/Lot | $2.29/Lot |
| metals | ≈ 42% of spread/Lot | $2.29/Lot |
| energies (oil) | ≈ 42% of spread/Lot | $2.29/Lot |
| stocks | ≈ 42% of spread/Lot | $2.29/Lot |
| indices | ≈ 42% of spread/Lot | $2.29/Lot |
| cryptocurrencies | ≈ 42% of spread/Lot | $2.29/Lot |
| bonds | N/A | N/A |
| Account type | Standard | Cent | Pro (Raw) |
|---|---|---|---|
| Commission | $0/Lot | $0/Lot | Up to $1.5/side per Lot (≈ $3 round-turn) |
| Leverage | 1 : 1 – 1 : Unlimited† | 1 : 1 – 1 : Unlimited† | 1 : 1 – 1 : Unlimited† |
| Spread | Floating from 0.3 pip | Floating from 0.3 pip | Floating from 0.0 pip |
| Spread Type | floating (variable) | floating (variable) | floating (variable) |
| Minimum Deposit | $10 | $1 | $100 |
| Minimum Trading Lot | 0.01 | 0.01 | 0.10 |
† Unlimited leverage is available after trading a total volume of 5 standard lots on an active account.
| Item | Detail |
|---|---|
| Company Name | Headway — operated by JAROCEL PTY LTD (Reg. No. 2021/883863/07) |
| Since | 2022 |
| Head Office | 3 Flamingo Crescent, Beacon Bay, East London, 5241, South Africa |
| Location | South Africa (FSCA-regulated entity) |
| Languages | English, Indonesian, Spanish, Portuguese, Vietnamese, Thai (site localizations) |
| Financial Instrument | forex (currencies), metals, energies (oil), stocks, indices, cryptocurrencies, FX indices |
| 24 Hour Assistance | ✔ 24/5 support (email/phone) |
| Cent Account | ✔ min. deposit $1; MT4/MT5 |
| Balance Protection | ✔ Negative Balance Protection |
| Stop Loss | ✔ order type on MT4/MT5 |
| Bonus | ✔ $111 bonus & 30%–75% deposit bonus (T&Cs apply) |
| License | FSCA (Financial Sector Conduct Authority), FSP 52108 — JAROCEL PTY LTD |
If you’re comparing forex/CFD brokers and keep seeing Headway pop up, you’re not alone. Over the last few years, the broker has been steadily gaining traction among beginners and intermediate traders thanks to its approachable account structure (including a $1 Cent account), frequent promotions, and “unlockable” unlimited leverage after you prove some trading activity. Headway’s website is operated by JAROCEL PTY LTD, a South-African company authorized and regulated by the FSCA (Financial Sector Conduct Authority) under license 52108—a key trust point for anyone vetting a new broker.
This review walks through Headway’s regulation, accounts, fees, platforms, deposits/withdrawals, and who it’s best for—in plain English and with practical context—so you can decide confidently whether to open an account or move on.
Headway’s operator, JAROCEL PTY LTD, is authorized by the FSCA (license 52108). That means client handling, marketing, and conduct must meet South-African rules. You can confirm the license on the broker’s site footer and cross-check on the regulator’s website.
You can start at $1 (Cent), $10 (Standard), or $100 (Pro). The broker advertises leverage up to 1:Unlimited, unlocked after you trade 5 standard lots on an active account—so beginners begin with sensible leverage and can scale once they’ve shown usage.
If you’ve watched any strategy video on YouTube, odds are you’ve seen MT4 or MT5. Headway supports both, which means a deep library of indicators, EAs, and third-party tools, plus mobile apps for on-the-go management.
The headline promo is the “Bonus $111”—a limited-term, no-deposit-style program designed to let you test market conditions quickly (subject to its own rulebook). Used responsibly, it lowers the barrier to learning with real-time prices.
You can trade forex pairs, metals, energies, indices, stocks, and crypto—helpful if you want to diversify strategies without opening accounts at multiple providers.
The Pro (raw) account advertises spreads from 0.0 pip plus commission (up to $1.5 per side; ≈ $3 per round lot). If you scalp or run EAs, that level of transparency is useful for modeling costs.
Cent — Best for first deposits and testing. Min deposit $1; 0.01 lot minimum order; floating spreads from ~0.3 pip; commission $0.
Forex (majors, minors, exotics),
Metals (e.g., XAUUSD),
Energies (oil),
Indices and FX indices,
Stocks,
Cryptocurrencies.
Cent & Standard: no commission; variable spreads typically from ~0.3 pip.
Pro (Raw): from 0.0 pip + up to $1.5 per side per lot (≈ $3 round-turn).
Model costs before you trade—especially if you scalp or grid trade—because spreads and swaps change by symbol and session.
MT4 & MT5 on desktop, web, and mobile (iOS/Android). You can code EAs, use custom indicators, and manage positions from your phone—useful for part-time traders monitoring setups during work breaks.
Headway supports multiple payment rails depending on your region (cards/e-wallets/local options). Aim to verify your profile early, deposit small first, and test a withdrawal—good hygiene before scaling capital. (Exact methods vary by country; check your dashboard for current options.)
The broker’s site includes FAQs and guidance pieces (e.g., how to verify a regulator, comparing brokers), plus platform documentation. Beginners should combine this with independent learning—price action basics, risk rules, and a journal—to accelerate the curve.
| Account | Spread | Leverage | Commission | Min Deposit | Instruments |
|---|---|---|---|---|---|
| Cent | Floating from ~0.3 pip | 1:1 to 1:Unlimited† | $0 / lot | $1 | Forex, metals, energies, indices, stocks, crypto |
| Standard | Floating from ~0.3 pip | 1:1 to 1:Unlimited† | $0 / lot | $10 | Forex, metals, energies, indices, stocks, crypto |
| Pro (Raw) | From 0.0 pip | 1:1 to 1:Unlimited† | Up to $1.5 per side | $100 | Forex, metals, energies, indices, stocks, crypto |
† Unlimited leverage becomes available after trading a total of 5 standard lots on an active account.
Beginner-friendly starting line. With a $1 Cent and $10 Standard account, you can learn live market behavior without risking too much capital. If you’ve been stuck on demo for months, this is a gentler bridge to real conditions.
Room to grow. As your skills sharpen, the Pro (Raw) account and the unlockable unlimited leverage allow more advanced tactics (scalping, EA portfolios) once you demonstrate activity. The structure subtly nudges you to earn higher leverage rather than misuse it on day one.
Trust anchors. A named legal entity (JAROCEL PTY LTD), a physical address in South Africa, and FSCA authorization (license 52108) provide traceability—useful if you ever need to validate claims or contact support outside the app.
Promos with training wheels. The $111 program can be a motivational spark. The fine print matters—time limits and withdrawal conditions apply—but as a learning tool, it’s an attractive nudge to practice entries, exits, and rules under pressure.
Familiar tools. MT4/MT5 ensure plug-and-play with the wider trading ecosystem—signal copiers, analytics dashboards, and countless tutorials. That dramatically shortens the learning curve.
Brand new to live trading? Start with Cent ($1+) to learn price behavior and execution.
Comfortable with risk/reward? Step up to Standard ($10+), keep lot sizes tiny, and track slippage/spread during different sessions.
EA/scalper? Migrate to Pro (Raw) once your approach is disciplined; model costs (commission + spread) for your symbols.
Upload KYC docs as soon as you register so deposits/withdrawals are seamless later. This avoids the “profits stuck while I verify” stress that plagues new traders.
Make a tiny deposit, place a few trades, and request a small withdrawal. Getting through the whole cycle builds trust and reveals processing times in your region.
Write a plan (entry triggers, risk per trade, max daily loss).
Journal every trade—screenshot chart before/after.
Use alerts on MT4/MT5; don’t chase.
Aim for consistency over size. Doubling an account in a week is less impressive than posting 30 trading days with <1% average drawdown.
Leverage 1:Unlimited sounds exciting, but most traders benefit from 1:50–1:200 while honing discipline. Consider the unlock as a capability, not a target.
Regulatory scope: FSCA supervision is a positive step, but it’s not the same as a top-tier EU or ASIC license. If you require a specific jurisdiction for compliance or preference, factor that into your decision. (Headway itself encourages users to verify licenses with the relevant regulator—sensible advice regardless of broker.)
Headway brings together a low barrier to entry (from $1), familiar platforms (MT4/MT5), a clear Pro pricing model, and a verifiable FSCA authorization—a combination that explains why the broker keeps popping up in trader circles. For beginners to intermediates, the Cent/Standard path, unlockable leverage, and the occasional promo form a gentle ramp into real-market learning—provided you couple it with discipline, journaling, and sizing rules.
If you’re looking for a broker that feels approachable yet scalable, Headway is worth a trial run.
Ready to try? Create a Cent account, place small trades for a week, and request a test withdrawal. If the experience fits, scale thoughtfully. If not, you’ve learned a lot for very little.