Headwayrebate Information
Headwayrebate, with full name JAROCEL PTY LTD, is a brokerage company registered in South Africa in 2024. Their products include forex, indices, commodities and stocks. The company offers three tiered live accounts, with minimum deposit from just USD1, affordable to most traders. The use of well-acclaimed MT4 and MT5 platforms ensures pleasant trading experience. What distinguishes the broker from others is its share rebate to traders for profit increase.
However, it should not be neglected that the broker is currently under the regulation status of suspicious clone.
Pros and Cons
Is Headwayrebate Legit?
Headwayrebate holds an FSCA (Financial Sector Conduct Authority) with license no.52108. But the license is suspected to be fake clone, such abnormal regulatory status raises doubts about its legality and credibility.
What Can I Trade on Headwayrebate?
Headwayrebate claims to offer over 349 instruments for trading, these include forex, indices, commodities, cryptocurrencies and stocks.
For forex, investors usually make profit or loss through price fluctuations of different currency pairs such as EURUSD, GBPJPY, GBPEUR, etc. While popular commodties are engery products like crude oil or precious metals such as gold and silver.
Indices allow traders to invest in many top companies without choosing individual stocks. Headwayrebate supports common indices such as NASDAQ, S&P 500, Dow Jones, and others.
Or you can trade cryptos such as Bitcoin, Ethereum, Dogecoin, and 31 other popular crypto coins with this broker and use their ups & downs for extra profit.
Major stocks of Apple, Google, Meta, and others are also available at Headwayrebate.
One of the key principles of investing is never putting all eggs in one basket. Scatter your funds into several products to dilute risks and potential losses.
Account Type (Minimum Deposit/Leverage/Spread & Commission)
Headwayrebate offers 3 tiered live accounts, each with different initial deposit requirement, base currencies and trading conditions.
Usually people start from the Cent account or Standard account , with a minimum deposit of only $1 and $10 respectively, affordable to most traders. Both accounts have a floating spread from 0.3 pips and zero-commission structure.
While going further, you can try the Pro account, with initial deposit requirement of $100, floating spread from 0 pip but this account charges a commission of up to $1.5 each side per lot.
Base currency is USD only for Cent account but diversify to USD, EUR, IDR, JPY, THB for the other two.
Leverage is from 1:1 to unlimited after trading 5 standard lots across all account types.
- With its low initial capital threshold, all these accounts are suitable for both beginners and veterans. Those who want larger position numbers or lot size can choose senior accounts. But deal carefully with leverage is always recommended.
Trading Platform
Headwayrebate claims to offer the powerful and versatile MT4 and MT5 trading platforms. MT5 is the upgraded version of MT4, both platforms are renowned for their user-friendly intuitive interface, robut performance, advanced analysis tools and flexible customization. But we did not find any download links on the broker's website, so you'd better check with the broker for clarification before trading with them.
Rebate Service
Headwayrebate offers a rebate service that returns 90% of the revenue from spreads or commissions to traders. This rebate, or cashback, is paid out daily and directly credited to traders' accounts.
This is an attractive service that is not common among most brokers, though such action from Headwayrebate may increase traders' profitability, you should still be prudent and learn about all the withdrawal conditions to avoid any losses.
Customer Support Options
The broker does not provide comprehensive customer support channels. You can only contact them via WhatsApp at +62 852-3282-4478 so far. Though they disclosed their registered office, we are not sure where their operation office is.
Such shortage of customer service can lead to delayed responses to customer requests and poor customer experience.
The Bottom Line
Though the company does not set high barriers to start investment and offers rebate on spread and commission to clients, taders should still be at utmost caution when trading this broker. This is mainly becuase it operates with a suspicious clone regulatory status, which indicates less compliance to financial standards.
You can make tries with the broker with a small amount of money first, but if you decide to increase your investment, be sure you undertake thorough investigations and accept the downsides of the broker. Or turn to reputable brokers instead.
FAQs
Is Headwayrebate safe?
No, we cannot define that the broker is safe due to the lack of suspicious clone regulatory status.
Is Headwayrebate good for beginners?
Yes, beginners can input a minimum of only $1 to test their strategies first.
What trading platform does Headwayrebate have?
Headwayrebate offers both MT4/MT5 platforms, but we have not found any download links on its website.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
