Headway Broker Review
Is Headway Broker a Scam?
!! Regulator Warning !!
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Company Details
HeadWay is one of our best low-budget forex brokers
Trading Conditions
| Min Trade | USD 1 |
| Min Deposit | NGN 2000 |
| Base Currencies | USD, ZAR, NGN, EUR, JPY |
| EURUSD Spreads | 1 |
Contact Info
All Reviews
Withdrawals are not as fast as they advertise
Withdrawals are not treated instantly you may have to wait for hours to get it via local bank transfer which is the method I used
Bonus Limitations
When you open a bonus150 account they restrict your trading of currencies to Monday and Tuesday only. Seems like manipulation to me
Lot Size Restriction on Pro Account
I opened a Pro Account with HeadWay but I was told the minimum lot size I can trade is 0.1 which is bad
Naira Account, Deposit Bonus is Good
I stay in Nigeria and the addition of Naira account is lovely. I also like the fact that I get a bonus on every deposit I make I deposited N8500 and got a N2,500 bonus to help me with trading. With this, I have more margin to open bigger trades and set a wider SL. I also like that their minimum deposit is low at just N2,000 even for their raw spread account which I opened. keep it up
No Deposit Bonus
Absolutely love the no deposit bonus 💛I think it helps alot
A MUST HAVE
Very affordable broker especially for low income earners who cannot afford to fund their account with big money. Even though I have accounts with other brokers, I still maintain my account with them
Love the low minimum deposit and bonus
Love HeadWay for their low minimum deposit of $1 and the no-deposit bonus. It is really helpful for low bedget traders like me
Headway minimum deposit is N2,000 coupled with a h...
Headway minimum deposit is N2,000 coupled with a high leverage up to 1:1000 allows ow income earners like me to trade
Everything just feels cheap with this broker, thei...
Everything just feels cheap with this broker, their website, trading app, etc. Surprisingly they have okay trading conditions but they should improve on the overall user experience
I started trading with HeadWay one year ago and I ...
I started trading with HeadWay one year ago and I must say it has been great an experience. The no-deposit bonus is very helpful and the starting deposit is very low.
Horrible customer support! just pray you don't run...
Horrible customer support! just pray you don't run into a problem while using this broker because it will be hard to resolve it
Please avoid this broker, they cleared the money i...
Please avoid this broker, they cleared the money in my trading account and when i asked them they kept passing me around. I had to let it go because the money was just $2 but it is a redflag
They are a low-budget broker offering just the bas...
They are a low-budget broker offering just the basics which is enough for any beginner to trade. Do not expect too much from them.
when i started using headway i was not sure what t...
when i started using headway i was not sure what to expect but as time went on i enjoyed their services. Deposits reflect quickly, withdrawals are quick, and platforms are stable, no hanging or freezing during high impact news events. Their minimum deposit is also very low which makes them my go to broker when i want to open a small trade
Their bonus is very easy to get. Their spread is n...
Their bonus is very easy to get. Their spread is not the lowest but its very competitive
Headway broker is okay but they are not very organ...
Headway broker is okay but they are not very organized when compared to other brokers
Sometimes the Headway mobile app tells me i am off...
Sometimes the Headway mobile app tells me i am offline even when i am online, also i cant find anywhere to monitor my active trades on the Headway mobile app
Headway is not a good broker, its easy to put mone...
Headway is not a good broker, its easy to put money in but very difficult to take money out, i experienced this firsthand on my account 14103413. They look for every excuse not to decline your withdrawal. You must initiate the withdrawal to the same account you deposited with and for the same exact amount so what about the profits you made trading where do you withdraw it to?
Headway account opening document verification take...
Headway account opening document verification takes too long
The moment you register with headway, they automat...
The moment you register with headway, they automatically create an mt5 account for you and immediately ask you to deposit into it even without you submitting your ID card and other verification documents. They also support several funding methods which is good
Headway is a forex broker with $1 minimum deposit