- Regulator
- Capital Markets Authority (CMA)
- Local company
- Not yet verified
- Licence number
- —
- M-Pesa
- Not confirmed
Broker review · Checked
Headway review 2026: is Headway legit in Kenya and South Africa?
Headway lists a South African address and an FSCA authorisation, but we have not found an FSP number or company name. It advertises $1 accounts and leverage “up to unlimited”, which no beginner should use.
- 🇰🇪 CMANot licensed
- 🇿🇦 FSCAChecking
- Minimum deposit$1
- M-PesaNot confirmed
Is Headway regulated? Licence by country
- Regulator
- Financial Sector Conduct Authority (FSCA)
- Local company
- Not yet verified
- Licence number
- —
Headway lists a South African address and an FSCA authorisation, but we have not found an FSP number or company name yet.
A licence means someone supervises the broker. It does not make trading safe: most retail CFD accounts lose money.
About Headway
Headway's listed address is in East London, South Africa. Investing.com marks the FSCA as its only regulator but gives no licence number.
Who Headway suits, and who should look elsewhere
Good fit if you
- want to test a broker with a very small deposit
Look elsewhere if you
- need a confirmed licence
- are tempted by unlimited leverage
Headway account types and minimum deposit
| Account | Minimum deposit | Pricing |
|---|---|---|
| Cent | $1 | From 0.3 pips |
| Standard | $10 | From 0.3 pips |
| Pro | $100 | From 0.0 pips plus up to $1.50 per side |
Leverage: Advertised as 1:1 to unlimited.
Headway fees: spreads, commission and other charges
| Deposits, withdrawals, inactivity | No Headway fees listed |
Work out the cost of a trade before you place it with our pip value and profit and loss calculators.
Headway deposits and withdrawals in Kenya and South Africa
🇰🇪 Kenya
- Headway is not on the CMA register. If it accepts you, your account sits with an offshore company and you have no CMA complaints route.
- Headway publishes a guide to brokers that accept M-Pesa, but we have not confirmed its own M-Pesa support.
🇿🇦 South Africa
- FSCA authorisation listed; FSP number and company not confirmed.
M-Pesa limits, rand EFT, cards, e-wallets and the payment scams to avoid: read our deposits and withdrawals guide.
Headway trading platforms
- MetaTrader 4
- MetaTrader 5
Is your money safe with Headway?
- Licence details not confirmed.
Headway pros and cons
Pros
- $1 minimum
- No listed fees
Cons
- Licence unconfirmed
- Unlimited leverage
Our real-money test of Headway
Coming
We will open a Headway account, deposit, place a trade and withdraw, then publish the screenshots, the time each step took and every fee we paid.
Headway withdrawal time: reports from traders
How long do Headway withdrawals really take?
Loading reports…
Median of reports from traders. Not checked by us; our own tests are marked separately.
Withdrawal stuck or refused at Headway? Get a ready complaint letter and the right regulator contact with our complaint desk →
Headway: questions people ask
Is Headway regulated in Kenya?
No. Headway is not licensed by the CMA. It may still accept clients from Kenya through an offshore company, but you would have no CMA protection or local complaints route.
Is Headway regulated by the FSCA in South Africa?
Not confirmed. We have not yet matched Headway to an FSCA licence number, so it gets no “Visit” button for South Africa until we do. Headway lists a South African address and an FSCA authorisation, but we have not found an FSP number or company name yet.
Is Headway regulated?
It lists an FSCA authorisation, but we have not confirmed an FSP number.
Sources for this review (checked 25 Oct 2026)
Fees, minimums and payment methods change and can differ by the company you sign with. Confirm them on the broker's site before you deposit. Spotted something out of date? Tell us.