FXTM vs Headway Comparison: Which Is Better for Traders?
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 - FXTM 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 FXTM.
Headway scored 4.4/5 and ranks 20 in our all Forex brokers list, whereas FXTM has 4.1/5 and ranks 47.
This is not financial advice. See the full comparison below.
Who is FXTM suitable for?
Broker FXTM is suitable for traders looking for a variety of trading instruments and accounts, but who are willing to tolerate some shortcomings in support and wide spreads.
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 FXTM and Headway
| Broker | FXTM | Headway |
|---|---|---|
| Rating | 4.1/5 | 4.4/5 |
| Foundation Year | 2011 | 2021 |
| Regulated in Countries | Cyprus, United Kingdom, Mauritius, Kenya | South Africa |
| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:2000 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FXTM Review | Headway Review |
FXTM Review
FXTM stands out in the market due to its wide range of trading instruments, including many currency pairs, stocks, metals, and other products. It makes it attractive to traders looking to diversify their portfolios. Support for various devices' popular MT4 and MT5 platforms ensures trading flexibility and accessibility. In addition, FXTM offers competitive commission terms on the Advantage account, making it a favorable choice for active traders. The availability of educational materials such as e-books, videos, and webinars supports beginners and helps them develop their trading skills. With no deposit fees, the variety of deposit and withdrawal methods is convenient for clients worldwide.
FXTM is ideal for traders seeking various trading instruments and flexible platforms. It will be especially attractive for beginners due to its extensive training resources and for active traders interested in using an Advantage account to minimize commissions.
Pros and Cons of FXTM
Pros
- A wide range of trading assets.
- Low fee per transaction.
- Availability of popular trading platforms.
- Availability of educational materials.
- A variety of deposit and withdrawal methods.
Cons
- Issues with technical support.
- High spreads.
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 | FXTM | Headway |
|---|---|---|
| Reliability | 5/5 | 4/5 |
| Foundation Year | 2011 | 2021 |
| Regulated in Countries | Cyprus, United Kingdom, Mauritius, Kenya | South Africa |
| Regulators |
FXTM
Broker FXTM demonstrates high reliability due to strict regulation and additional protective measures.
Pros
- Regulation by authoritative bodies (CySEC, FCA).
- Membership in the Financial Commission.
- Presence of a Compensation Fund.
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 | FXTM | Headway |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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|
FXTM
Opening an account with FXTM is a simple and fast process.
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 | FXTM | Headway |
|---|---|---|
| Account Types | 4.5/5 | 5/5 |
| Trading Accounts |
|
|
| Minimum Deposit |
|
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:2000 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FXTM
FXTM offers a variety of accounts and services, meeting the needs of different traders.
Pros
- Wide selection of account types.
- Additional services such as VPS.
- Suitable for traders of different levels.
Cons
- Lack of fixed spread accounts.
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 | FXTM | Headway |
|---|---|---|
| Commissions | 3/5 | 4.5/5 |
| Spread | from 0.1 points | from 0 points |
| Average Spread (EURUSD) | 0.8 | |
| Commission per Lot | $2.16 | $1.5 |
FXTM
FXTM's commissions are average, with low per-trade commission but higher-than-average spreads.
Pros
- Low per-trade commission.
Cons
- High spreads.
- Inactivity fee for account.
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 | FXTM | Headway |
|---|---|---|
| Rating | 4/5 | 4.5/5 |
| Account Funding Methods |
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FXTM
FXTM offers a variety of convenient methods for depositing and withdrawing funds, meeting the needs of traders.
Pros
- Numerous available methods.
- Instant fund crediting.
- Most operations without commission.
Cons
- May have withdrawal fees.
- Possible processing time restrictions.
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 | FXTM | Headway |
|---|---|---|
| Markets and Products | 4.6/5 | 4.5/5 |
| Forex | 48 | 56 |
| Precious Metals | 3 | 3 |
| Energy Carriers | 3 | 3 |
| Indices | 13 | 32 |
| Stocks | 640 | 292 |
| Cryptocurrency | 11 | 58 |
FXTM
FXTM offers a variety of markets.
Pros
- Ability to invest in US stocks.
- Large number of CFDs for trading.
Cons
- No 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 | FXTM | Headway |
|---|---|---|
| Rating | 4/5 | 4.5/5 |
| Trading Platforms |
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|
FXTM
The broker offers reliable and proven MT4 and MT5 platforms, ensuring flexibility in trading.
Pros
- Availability on various devices (Windows, Android, iOS).
- Support for automated trading.
- Ability to choose between MT4 and MT5.
Cons
- Lack of a proprietary unique platform.
- Web version only available for MT4.
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 | FXTM | Headway |
|---|---|---|
| Rating | 4/5 | 3.5/5 |
FXTM
The broker offers a strong analytical section.
Pros
- Daily automated trading signals.
- Economic calendar in the personal account.
- A variety of tools for analysis.
Cons
- Outdated video reviews.
- Lack of regular analytical updates from experts.
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 | FXTM | Headway |
|---|---|---|
| Rating | 3.5/5 | 3.5/5 |
FXTM
The broker's educational materials are of average quality with diverse content.
Pros
- Diversity of materials (videos, books).
- Useful for traders of different levels.
Cons
- Outdated webinars.
- Irrelevance of some materials.
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 | FXTM | Headway |
|---|---|---|
| Rating | 3.5/5 | 4/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Messenger
LinkedIn
Telegram
Skype
Twitter
Viber
YouTube
Whatsapp
Instagram
Facebook
TikTokFXTM
FXTM's customer support offers various channels of communication, but reviews about it are mixed.
Pros
- Variety of communication channels.
- There are positive customer reviews.
Cons
- Delays in responses.
- There are ambiguous customer reviews.
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 FXTM and Headway with other brokers
Conclusion
Headway stands out as the better overall pick, while FXTM trails on aggregate criteria.
Headway scored 4.4/5 and ranks 20 in our rating; FXTM has 4.1/5 and ranks 47.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: FXTM or Headway?
Headway comes out ahead by overall rank (score 4.4/5, position 20) versus FXTM (score 4.1/5, position 47).
Which broker is better for beginners: FXTM 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) — FXTM 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 FXTM and Headway?
FXTM: MetaTrader 4, MetaTrader 5. Headway: MetaTrader 4, MetaTrader 5. See the “Platforms” section for details and selection tips.
What markets can you trade with FXTM and Headway?
FXTM: Forex, Precious Metals, Energy Carriers, Indices, Stocks, 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 FXTM and Headway?
FXTM: Micro, Advantage, Advantage Plus. Headway: Cent, Standard, Pro. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by FXTM and Headway?
FXTM: Skrill, FasaPay, WebMoney, YooMoney, Qiwi, PayRedeem, Visa, Mastercard, Maestro, Альфа Банк, Dotpay. Headway: Online wallets, Bank Transfer, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — FXTM or Headway — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
