ForexQ.com
FINANCIAL INSTITUTION INFORMATION PLATFORM

Review verifiable information about forex brokers, banks, fintechs, crypto exchanges and payment providers in one place.

Verify with the source.Wherever possible, information is matched against official registers and primary sources.
When was it checked?We clearly show when each critical piece of data was last checked.
Know the type of information.We classify user complaints, company statements and official records separately.
RECENTLY ADDED

Recently Added Institutions

The latest institution profiles added to ForexQ.com.

BROKERAMarkets

Forex and CFD brand that says it has operated since 2007; international clients, including those in Turkey, contract with AMarkets LLC, registered in the Cook Islands with no licence claim, while group company AMarkets LTD claims a Mwali (MISA) licence.

Open profile →
BROKERFreshForex

Forex and CFD brand that says it has operated since 2004; the site is run by Riston Capital Ltd, registered in Saint Vincent and the Grenadines, and states no licence or regulator.

Open profile →
BROKERHeadway

South Africa-based forex and CFD brand launched in 2023; all clients, including those in Turkey, are served by FSCA-licensed JAROCEL PTY LTD.

Open profile →
BROKERWeltrade

Forex and CFD brand that says it has operated since 2006; CFD services are provided by the unlicensed Weltrade Ltd, registered in Saint Lucia, while group company Weltrade SA (PTY) Ltd holds an FSCA licence as an intermediary only.

Open profile →
BROKERIFC Markets

British Virgin Islands-registered forex and CFD brand that says it has operated since 2006; international clients, including clients in Turkey, are served by BVI FSC-licensed IFCMARKETS. CORP., whose physical office is in Yerevan.

Open profile →
BROKERGrand Capital

Seychelles-registered forex and CFD brand that says it has operated since 2006; according to an archived copy of the register, the Comoros (MISA) licence it claims expired on 9 December 2025, and the Seychelles FSA has issued a warning that the company has never been authorised in Seychelles.

Open profile →
HOW IT WORKS

See the level of evidence
on every institution profile.

Instead of ratings, we show the data, its source and its verification status.

  1. 01Data
  2. 02Source
  3. 03Verification
A

Sample Financial Institution

Broker · United Kingdom

Last checked: 23.09.2026
REGULATIONOfficial record verified

The licence number and scope are matched directly against the regulator’s source.

● Official source
USER FEEDBACKRecurring topics

Topics such as withdrawals, support and trading conditions are grouped by period.

● Verified platform record
COMPANY STATEMENTData disclosed by the company

The company’s own statements are shown separately from independent verification.

● Statement
← Home

Headway

Broker · International

About the company

Legal company nameJAROCEL PTY LTD
Year founded2023
Headquarters / registered countryEast London, South Africa
Websitehw.site
Last checked08.10.2026

According to its official website, Headway is a forex and CFD brand launched in 2023. The hw.site site is operated by JAROCEL PTY LTD of East London, registered in South Africa under number 2021/883863/07; this company is also the party to the client agreement, and no other group company is named on the site. The site states that JAROCEL PTY LTD is authorised and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under licence number 52108; the FSCA register lists the company under the trading name HEADWAY with a physical address in Limassol, Cyprus. International clients, including those in Turkey, are served by this licensed company; residents of the US, Canada, the UK, EEA countries and FATF-blacklisted countries are not served. The company offers forex, synthetic index, cryptocurrency, metal, energy, stock and index CFDs through Cent, Standard and Pro accounts on MetaTrader 4, MetaTrader 5 and the Headway app; a copy trading service is also available. The minimum deposit is 1 USD on the Cent account, 10 USD on Standard and 100 USD on Pro, and may vary by payment method. Leverage on forex and metals is up to 1:2000; unlimited leverage is offered on accounts that have traded 5 lots, and leverage is reduced in tiers as the balance grows. A 150 USD no-deposit bonus and deposit bonus promotions are advertised on the site. This information is the company's own statement.

Account Details

ACCOUNT TYPESCent · Standard · Pro · Demo
MIN. DEPOSIT1 USD (Cent)
PLATFORMSMetaTrader 4 · MetaTrader 5 · Headway Trading App · Headway Copytrade
PRODUCTSForex · Synthetic indices · Cryptocurrencies · Metals · Energy · Stocks · Indices
LEVERAGEUp to 1:2000 (unlimited under conditions)

Licences and regulation

FSCA (South Africa)

Licence no.52108
Licence holderJAROCEL (PTY) LTD
ScopeListed as Authorized in the FSCA FAIS register as FSP 52108 under the trading name HEADWAY; authorised 8 Apr 2022, Category I and Category II. Operates hw.site and serves international clients, including Turkey.
StatusVerified

User complaints

User reports found online are classified by topic. The charts show how reports are distributed; the reports are compiled from records on platforms that verify users and screen out fake reviews.

Period reviewed: August 2023 – October 2026

  • Account / trading conditions: 75
  • Withdrawal / payment: 74
  • Bonus / promotion: 47
  • Other: 7
  • Identity verification: 2
  • Customer support: 2

No. 17 for most complaints among 205 institutions.

RANK BY TOPIC — Account / trading conditions: 28. · Withdrawal / payment: 20. · Bonus / promotion: 2. · Other: 67. · Identity verification: 68. · Customer support: 97.

SOURCES REVIEWED

The complaint distribution is based on the 1-star reviews on Headway's Trustpilot page (146) and WikiFX (61) records as of 8 October 2026; one person's reviews count once, and records about fake sites and third parties using the Headway name are left out. Across the complaints, allegations of slippage, widening spreads and profits removed over multiple accounts stand out, along with rejected or delayed withdrawals and deposit requirements to withdraw no-deposit bonus profits.

Sources and verification history

Official company sourceshw.site — homepage, footer, About, Accounts (Cent, Standard, Pro), Documents, Client Agreement, Platforms, Trading App, Bonus 150 · help.headway-online.care — minimum deposit, account types and payment method articles
Regulator recordsFSCA — JAROCEL (PTY) LTD, FSP 52108, trading name HEADWAY, Authorized (fsca.co.za)
Company registerThe site gives South Africa company no 2021/883863/07 for JAROCEL PTY LTD
User feedback sourcesTrustpilot · Şikayetvar · WikiFX
Last verified08.10.2026

File a Complaint