Headway Journal

Journal status: live
Headway joined in | not yet
Headway Profile
Website
Year
2023
Country
South Africa
Branches
1
Regulation
FSCA South Africa
Registration
FSCA South Africa
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
...
Broker type
MM, DMA
Dealing book
A+B hybrid book, A-book
Tier
3
Execution speed
160 ms
LPs total
...
LPs quality
...
LPs names
...

Headway Accounts
MM
DMA
Minimum Deposit
10 $
100 $
Leverage
3000 : 1
3000 : 1
Minimum Lot
0.01 lots
0.1 lots
EURUSD spread
0.3 pips
0 pips
Commission
0 $/lotRT
3 $/lotRT
Volume
500 lots
Unlimited
Margin Call
30 %
30 %
Stop Out
100 %
100 %
Execution
Market
Market
Spread
floating
floating
Scalping
yes
yes
Deposit & Fees
Deposit methods
Bank Wire
Base currency
USD, EUR, IDR, JPY, THB
Segregated accounts
yes
Interest on margin
no
Inactivity fee
none
Update broker

Is Headway safe?

  • Investor protection: no
  • Regulation: FSCA South Africa
  • Registration: FSCA South Africa
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: no

Is Headway trusted?

  • Information transparency: sufficient ★★★
  • Customer service: ...
  • Headway website: semi-detailed, updated ★★★
  • Headway popularity (by visitor count): top visited ★★★★★

How Headway works



10.5.2 The current quote(s) for the underlying financial instrument(s) are those calculated by the Company on the basis of the quote(s) received by the Company. All issues regarding the market prices determination lie within the sole cognizance of the Company.

5.6 Increasing the amount of hedging in Market Maker accounts (and for the Underlying Assets that are subject to Hedged Margin) will result in a reduction of Margin requirements for new hedging orders.

d) If the Client uses an Expert Advisor performing over 30 requests per minute the Company reserves a right to ban such EAs;

4.2.6 ...During regular market hours the order processing time is usually from 1 to 5 seconds. In irregular market conditions, the processing time can last longer.

4.6.5 After mandatory position closure, if the Client’s account has a negative balance, compensation is added to the account, which sets the account balance to zero (0). However in special cases (e.g. if the Company considers the Client’s actions as intentional) the Company reserves the right to claim the debt payment from the Client.



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