Brokers  /  HEADWAY

HEADWAY

Moderate risk
🇿🇦 South Africa · 2-5 years · since 2023-08-10 · JAROCEL PTY LTD
FSCA
Visit site ↗
—/5
★★★★★ ★★★★★
23 reviews ›
1
Licenses ›
10
Withdrawal issues ›
$1
Min. deposit ›
1:Unlimited
Max leverage ›
3
Account types ›
41/100
Scam risk ›
1
Clone sites ›
Accounts: Pro · $100Standard · $10Cent · $1
▲ 17% positive▼ 83% negative
Independent ratingshow third parties score this broker
WikiFX4.43/10
Trustpilot—/5
Forex Peace Army—/5
41
Moderate risk
Scam Risk Scoremonitored · 2026-07-06
Lower riskHigher risk
  • 16 user exposure/complaint reports filed
  • Withdrawal complaints in ~43% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing3835%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints10012%
Offshore registration458%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameJAROCEL PTY LTD
Headquarters🇿🇦 South Africa
Founded2023-08-10
Years operating2-5 years
Employees0
Official websiteheadwaybrokers.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
InstrumentsForexcryptocurrenciesmetalsenergiesstocksindicesFX indices
Registered address
3 Flamingo Crescent, Beacon Bay, East London, 5241, South Africa

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
FSCADerivatives Trading License (EP)52108South AfricaRegulated

Account types · 3

AccountMax leverageMin. depositMin. spreadCommissionEA
Pro1:Unlimited$100from 0.0Up to 1.5$ each side per lot✓
Standard1:Unlimited$10from 0.3--✓
Cent1:Unlimited$1from 0.3--✓

Review analysis AI

Across 23 recent Trustpilot reviews, 83% are 1–2 star. The single most common complaint is being unable to withdraw funds (10 reports) — the classic warning sign in forex. We also found 1 clone site(s) impersonating this brand — a frequent vehicle for scams.

0
Period:
What users complain about
Where reviewers are from
Iraq5
Saudi Arabia5
Malaysia4
Indonesia4
Nigeria3
Singapore1

Real user reviews

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About HEADWAY

HEADWAY is a forex and CFD broker based in South Africa, with records dating to 2023-08-10. It reports oversight from FSCA.

FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.

Finally, beware of impersonation: we tracked 1 clone website(s) copying HEADWAY. Always reach the broker through its verified official domain, never via links in ads or messages.

Overview compiled by FXCanary from regulatory records and public data. full HEADWAY review