FXCM vs Headway Comparison
Compare trading conditions, commissions and platforms of Forex brokers FXCM and Headway. Find out which broker is best for you.
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - FXCM or Headway?
Key differences between the brokers
Below, we show only the differences in trading conditions covered in our reviews. These may include the minimum deposit, available markets, platforms and account types. Compare these details with your requirements.
FXCM
- Minimum deposit · USD
- 50 USD
- Different platforms
- Trading Station
- TradingView
- Different markets
- Soft Commodities
- ETF
- Cent account
- No
Headway
- Minimum deposit · USD
- 1 USD
- Different platforms
- MetaTrader 5
- Different markets
- None listed
- Cent account
- Yes
Comparison Table of FXCM and Headway
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| Broker | FXCM | Headway |
|---|---|---|
| Foundation Year | 1999 | 2021 |
| Regulated in Countries | United Kingdom, Australia, Cyprus, South Africa, Canada, Israel, Saint Vincent and the Grenadines | South Africa |
| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:1000 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review |
FXCM Review
FXCM represents a comprehensive solution that will benefit traders of all levels — from beginners to professionals. Beginners will appreciate the accessible educational materials and analytics, while experienced traders can use various instruments and flexible platform settings.
However, it's essential to consider drawbacks such as fees for account inactivity and the limited variety of trading accounts. These factors may be particularly significant for traders who do not plan to trade actively or are looking for more options for customization.
The broker offers a good balance between high-quality services and reasonable rates, making it an attractive choice for a broad spectrum of traders.
Pros and Cons of FXCM
Pros
- Diverse methods for deposit and withdrawal.
- Wide range of markets and products for trading.
- A broad spectrum of trading platforms.
- Extensive and quality materials for making informed decisions.
- Quick and efficient help in solving emerging issues.
Cons
- Insufficient variety of trading accounts.
- Inactivity fees and commissions for bank transfer withdrawals.
- Protracted account opening and verification process.
FXCM is in the top 10 of the following ratings:
Headway Review
Headway is a broker with accessible starting conditions, a low minimum deposit, competitive fees, and a fairly wide range of instruments. Its strengths include a Cent account from $1, tight spreads, low commission on the Pro account, support for MT4/MT5, the availability of Copytrade, and convenient ways to deposit and withdraw funds. At the same time, the broker still lags behind larger competitors in the strength of regulation, depth of analytics, and overall reputation, since it is a young company with an FSCA license.
Headway is best suited for beginner traders who need a low entry threshold, as well as retail traders looking for low-cost trading in Forex, stocks, and cryptocurrencies. The broker may also be interesting for those who want to use copy trading or start with a small amount of capital. However, traders who prioritize the strongest possible regulation, advanced analytics, and the widest possible product lineup may find Headway less suitable.
Pros and Cons of Headway
Pros
- Low entry threshold: a Cent account is available with a deposit from $1.
- Tight spreads and low trading commissions.
- Cent, Standard, and Pro accounts are available, as well as a demo account and an Islamic account.
- Wide range of instruments, especially stocks, cryptocurrencies, and Forex.
- Many deposit and withdrawal methods with no broker-side fees.
Cons
- Regulation is limited to an FSCA license, with no Tier-1 jurisdictions.
- A young company with a relatively short operating history.
- Analytics and education are only at a basic level.
- According to reviews, the quality of customer support is not always consistent.
Reliability
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| Broker | FXCM | Headway |
|---|---|---|
| Reliability | 5/5 | 4/5 |
| Foundation Year | 1999 | 2021 |
| Regulated in Countries | United Kingdom, Australia, Cyprus, South Africa, Canada, Israel, Saint Vincent and the Grenadines | South Africa |
| Regulators |
FXCM
FXCM is a well-regulated broker with numerous licenses from various global organizations.
Headway
Headway is a moderately reliable broker with an FSCA license, but in terms of regulatory strength and reputation it lags behind companies with Tier-1 licenses and a longer operating history.
Pros
- Has an active FSCA license
- The legal entity is clearly disclosed
Cons
- No strong Tier-1 regulation
- A young company without a long track record
Account Opening
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| Broker | FXCM | Headway |
|---|---|---|
| Account Opening | 4/5 | 5/5 |
| Minimum Deposit |
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FXCM
The account opening process at FXCM is logically organized and efficient, providing clear steps for traders. The structured system and quick verification make this process convenient and straightforward.
Pros
- Clear and structured registration form.
Cons
- Verification waiting time can take up to 3 days.
Headway
Opening an account with Headway is convenient and fairly fast. The registration procedure is simple, the interface is clear, and the overall process meets the expectations of most modern traders.
Pros
- Simple registration
- User-friendly interface
- Quick start
Account Types
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| Broker | FXCM | Headway |
|---|---|---|
| Account Types | 4/5 | 5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:1000 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | Yes | Yes |
| Swap-free Account | Yes | Yes |
FXCM
FXCM offers two types of accounts: Mini for beginners and Standard for experienced traders. Although the choice is not vast, both accounts are well adapted for their target audiences.
Pros
- Mini account available - akin to a cent account.
- Option for copy trading through ZuluTrade.
- Demo and Islamic accounts available.
Cons
- Limited selection of account types.
- No account with fixed spreads.
Headway
Headway offers a fairly diverse range of accounts that suits beginners, retail traders, and more experienced users.
Pros
- Cent, Standard, and Pro are available
- A demo account is available
- Copytrade and an Islamic account are available
Commissions
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| Broker | FXCM | Headway |
|---|---|---|
| Commissions | 3.2/5 | 4.5/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.2 | 0.8 |
| Commission | No data | per 1 lot$1.50 |
FXCM
Commissions at FXCM are average. The broker offers favorable conditions for long-term trading thanks to competitive spreads and swaps. However, there is an inactivity fee and a fee for fund withdrawal.
Pros
- Competitive spreads and swaps.
- Rebate program for active traders.
Cons
- Inactivity fee.
- Fee for withdrawals via bank transfer.
Headway
Headway's fees are low: the broker offers tight spreads, very low commission on the Pro account, and fee-free withdrawals, although swaps remain average for the market.
Pros
- Tight spreads
- Low commission on Pro
- No withdrawal fee
Cons
- Swaps are average for the market
Deposit and Withdrawal
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| Broker | FXCM | Headway |
|---|---|---|
| Rating | 4.5/5 | 4.5/5 |
| Account Funding Methods |
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FXCM
FXCM offers a wide range of methods for depositing and withdrawing funds, including cryptocurrencies.
Pros
- Variety of deposit methods.
- Fast processing of withdrawal requests.
- No broker commissions for depositing.
Cons
- Commission for withdrawals via bank transfer.
Headway
Deposits and withdrawals at Headway are well organized: many payment methods are available, the broker does not charge fees, and transactions are processed fairly quickly.
Pros
- Wide selection of methods
- No broker fees
- Fast processing of transactions
Cons
- The set of methods depends on the country
- A verified account is required for cards
- External network/payment-system fees may apply
Markets and Products
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| Broker | FXCM | Headway |
|---|---|---|
| Markets and Products | 4.5/5 | 4.5/5 |
| Forex | 41 | 56 |
| Precious Metals | 3 | 3 |
| Energy Carriers | 7 | 3 |
| Soft Commodities | 4 | - |
| Indices | 15 | 32 |
| Stocks | 3512 | 292 |
| ETF | 280 | - |
| Cryptocurrency | 23 | 58 |
FXCM
FXCM provides a wide range of trading instruments, making it attractive for various categories of traders. Different markets, from Forex to stocks and cryptocurrencies, are available.
Pros
- Good selection of markets and instruments.
Cons
- Some competitors have even more CFDs.
Headway
Headway offers a fairly wide range of markets and instruments, especially stocks, cryptocurrencies, and Forex. However, the lineup is not fully comprehensive: the broker does not provide CFDs on soft commodities.
Pros
- Wide selection of stocks
- Many cryptocurrencies
- Synthetic instruments are available
Cons
- No CFDs on soft commodities
- Limited metals and energy instruments
Trading Platforms
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| Broker | FXCM | Headway |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Trading Platforms |
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FXCM
FXCM offers a wide choice of trading platforms with high functionality, meeting the needs of different traders.
Pros
- Wide choice of platforms for different trading styles.
- Advanced analytical tools in Trading Station.
- Support for algorithmic and social trading through Capitalise AI and ZuluTrade.
Headway
Headway offers a convenient and functional set of platforms based on MT4 and MT5, complemented by web versions and its own mobile app. The selection is solid, though it lacks some niche professional alternatives.
Pros
- MetaTrader 4 and 5 are available
- Web versions are available
- There is a mobile app
Cons
- No cTrader or TradingView
Analytics
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| Broker | FXCM | Headway |
|---|---|---|
| Rating | 5/5 | 3.5/5 |
FXCM
FXCM offers comprehensive analytical tools, from trading signals to expert research. These resources not only simplify trading decisions but also help to improve strategy.
Pros
- Wide range of analytical tools.
- Professional signals and market analysis.
- Personalized trading applications.
Cons
- Some tools may require a subscription or active account.
- Lack of analytics localization in different languages.
Headway
Headway's analytics are basic: an economic calendar, news, and a blog are available, but it lacks expert forecasts, signals, and additional tools for full analytical support.
Pros
- An economic calendar is available
- News and a blog are available
Cons
- Little expert analysis
- No trading signals
- No Autochartist or calculators
Education
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| Broker | FXCM | Headway |
|---|---|---|
| Rating | 4/5 | 3.5/5 |
FXCM
The broker offers quality webinars and helpful guides that make the learning process informative and interactive.
Pros
- Webinars with experts for direct interaction.
- Detailed Forex guides.
- Materials suitable for traders of all levels.
Cons
- Lack of video courses.
- No podcasts for audio learning.
Headway
Headway's education is primarily suited to beginners: there is a basic course and a blog, but in depth and variety the section falls short of brokers with a more developed educational ecosystem.
Pros
- A beginners' course is available
- Supplemented by the blog
Cons
- Few learning formats
- No webinars or video tutorials
- Materials are basic
Customer Support
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| Broker | FXCM | Headway |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Email Support | ||
| Hotline Phones | ||
| Social Media |
FXCM
FXCM's technical support is highly rated for its variety of communication channels and quick response. Customer reviews confirm the professionalism and efficiency of the staff.
Pros
- Multiple channels of communication, including WhatsApp and live chat.
- Available 24/5.
- High degree of customer satisfaction.
Cons
- There may be telephone charges for international calls.
Headway
Headway's customer support looks accessible and convenient: there are many contact channels and support operates 24/7, but according to reviews, service quality is not always consistent.
Pros
- Many contact channels
- Online chat available
- 24/7 support
Cons
- Mixed customer reviews
- Response quality is not always consistent
- Not all issues are resolved equally quickly
Comparisons of FXCM and Headway with other brokers
Conclusion
When choosing between FXCM and Headway, match their platforms, markets, account types and funding terms to your needs.
Before opening an account, verify fees, regulation, support and service availability for your country in the sections above.
FAQ
Which broker is better: FXCM or Headway?
FXCM ranks higher than Headway in our editorial ranking. That does not make it a universal choice: compare fees, markets, platforms, account types and support.
Which broker is better for beginners: FXCM or Headway?
Beginners should compare availability in their country, account types, minimum deposit, trading platforms and customer support.
Who has lower typical trading costs (spreads/commissions) — FXCM or Headway?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with FXCM and Headway?
FXCM: MetaTrader 4, Trading Station, TradingView. Headway: MetaTrader 4, MetaTrader 5. See the “Platforms” section for details and selection tips.
What markets can you trade with FXCM and Headway?
FXCM: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Cryptocurrency. Headway: Forex, Precious Metals, Energy Carriers, Indices, Stocks, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by FXCM and Headway?
FXCM: Standard. Headway: Cent, Standard, Pro. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by FXCM and Headway?
FXCM: Skrill, Neteller, PayPal, Swift, Visa, Mastercard, Discover, UnionPay. Headway: Online wallets, Bank Transfer, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — FXCM or Headway — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
