FXOpen vs Headway Comparison
Compare trading conditions, commissions and platforms of Forex brokers FXOpen 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 - FXOpen or Headway?
Our pick: Headway
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - Headway looks preferable to FXOpen.
Headway scored 4.4/5 and ranks 20 in our all Forex brokers list, whereas FXOpen has 4.3/5 and ranks 33.
This is not financial advice. See the full comparison below.
Who is FXOpen suitable for?
Broker FXOpen is suitable for professional traders and scalping enthusiasts but may not be ideal for beginners due to the lack of training.
Who is Headway suitable for?
Headway is suitable for beginners and retail traders who value a low entry threshold, tight spreads, Copytrade, and access to Forex, stocks, and cryptocurrencies.
Comparison Table of FXOpen and Headway
| Broker | FXOpen | Headway |
|---|---|---|
| Rating | 4.3/5 | 4.4/5 |
| Foundation Year | 2005 | 2021 |
| Regulated in Countries | United Kingdom, Cyprus, Australia | South Africa |
| Minimum Deposit |
|
|
| Spread | from 0 points | from 0 points |
| Max Leverage | 1:500 | 1:2000 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Review | FXOpen Review | Headway Review |
FXOpen Review
FXOpen is a highly regulated broker with licenses from leading international bodies, which guarantees the safety of investments and compliance with strict standards. The broker offers a wide range of trading instruments, allowing traders to diversify their portfolios. Low spreads and commissions make FXOpen an attractive choice for those looking for a cost-effective trading environment. The availability of various platforms gives traders the flexibility to choose a trading instrument.
FXOpen is ideal for experienced traders who can analyze the market independently and make informed trading decisions without significant educational support. The broker is especially attractive to those who seek variety in trading tools and prefer to use advanced trading platforms.
Pros and Cons of FXOpen
Pros
- Wide range of trading assets.
- Low spreads and commissions.
- Support for various trading platforms.
Cons
- Lack of educational materials.
FXOpen 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
| Broker | FXOpen | Headway |
|---|---|---|
| Reliability | 5/5 | 4/5 |
| Foundation Year | 2005 | 2021 |
| Regulated in Countries | United Kingdom, Cyprus, Australia | South Africa |
| Regulators |
FXOpen
FxOpen is a reliable and regulated broker, licensed in many countries, ensuring the safety of funds and a high standard of services.
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
| Broker | FXOpen | Headway |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
|
|
FXOpen
FxOpen provides a simple and convenient account opening process, with an emphasis on security and compliance with regulatory requirements.
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
| Broker | FXOpen | Headway |
|---|---|---|
| Account Types | 5/5 | 5/5 |
| Trading Accounts |
|
|
| Minimum Deposit |
|
|
| Spread | from 0 points | from 0 points |
| Max Leverage | 1:500 | 1:2000 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Demo Account | ||
| Swap-free Account |
FXOpen
FxOpen offers a wide selection of trading accounts and additional services.
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
| Broker | FXOpen | Headway |
|---|---|---|
| Commissions | 3/5 | 4.5/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.2 | 0.8 |
| Commission per Lot | $3.5 | $1.5 |
FXOpen
FxOpen's commissions are average in the market, with competitive spreads, but high swap rates and inactivity fees.
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
| Broker | FXOpen | Headway |
|---|---|---|
| Rating | 4.2/5 | 4.5/5 |
| Account Funding Methods |
|
|
FXOpen
FxOpen offers a variety of deposit and withdrawal methods.
Pros
- A large selection of payment systems and cryptocurrencies.
- Fast processing of withdrawal requests.
Cons
- No bank transfer option.
- High commissions for credit cards from the provider.
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
| Broker | FXOpen | Headway |
|---|---|---|
| Markets and Products | 4.6/5 | 4.5/5 |
| Forex | 66 | 56 |
| Precious Metals | 3 | 3 |
| Energy Carriers | 3 | 3 |
| Indices | 12 | 32 |
| Stocks | 553 | 292 |
| ETF | 56 | - |
| Cryptocurrency | 41 | 58 |
FXOpen
FxOpen offers a good selection of assets but without soft commodities.
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
| Broker | FXOpen | Headway |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Trading Platforms |
|
|
FXOpen
FXOpen offers a wide range of trading platforms, catering to different types of traders.
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
| Broker | FXOpen | Headway |
|---|---|---|
| Rating | 4/5 | 3.5/5 |
FXOpen
FXOpen provides a solid package of analytical tools, offering traders valuable resources for making trading decisions.
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
| Broker | FXOpen | Headway |
|---|---|---|
| Rating | 2/5 | 3.5/5 |
FXOpen
FXOpen invests little in trader education, offering only basic articles and a glossary of terms.
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
| Broker | FXOpen | Headway |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| Email Support |
|
|
| Hotline Phones |
|
|
| Social Media |
YouTube
Facebook
Twitter
Telegram
LinkedIn
Whatsapp
Instagram
TikTokFXOpen
FXOpen offers reliable support, and a variety of communication channels adds flexibility.
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 FXOpen and Headway with other brokers
Conclusion
Headway stands out as the better overall pick, while FXOpen trails on aggregate criteria.
Headway scored 4.4/5 and ranks 20 in our rating; FXOpen has 4.3/5 and ranks 33.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: FXOpen or Headway?
Headway comes out ahead by overall rank (score 4.4/5, position 20) versus FXOpen (score 4.3/5, position 33).
Which broker is better for beginners: FXOpen or Headway?
Headway is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — FXOpen 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 FXOpen and Headway?
FXOpen: MetaTrader 4, MetaTrader 5, TickTrader, TradingView. Headway: MetaTrader 4, MetaTrader 5. See the “Platforms” section for details and selection tips.
What markets can you trade with FXOpen and Headway?
FXOpen: Forex, Precious Metals, Energy Carriers, 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 FXOpen and Headway?
FXOpen: STP, ECN, Micro, Crypto. Headway: Cent, Standard, Pro. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by FXOpen and Headway?
FXOpen: WebMoney, Volet, FasaPay, Visa, Mastercard, JCB, Discover. Headway: Online wallets, Bank Transfer, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — FXOpen or Headway — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
