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Headway vs Monaxa
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Headway currently holds a lower overall rating (4.5) compared to Monaxa (4.9).
Headway has a lower minimum deposit, at 1.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, MAM/PAMM.
Traders should note that
both companies offer the same minimum lot size 0.01, but Headway has a maximum lot size of 1.0E7, while Monaxa offers 100.0.
Headway offers a greater leverage limit of 1:1000000, whereas Monaxa allows a maximum of only 1:2000.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 1.0 | 15.0 |
| Commission | 0.0 | 5.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 4 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 1.0E7 | 100.0 |
| Spread | Variable | Variable |
| Broker type | STP, ECN | Dealing Desk, STP, ECN |
| Maximal leverage (1:?) | 1000000 | 2000 |
| Availability | STP, ECN | Dealing Desk, STP, ECN |
| Regulation | FSCA (South Africa) | - |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
| Funding/Withdrawal methods | Credit Card, Debit Card, Cash, Perfect Money, Neteller, Skrill, FasaPay, Crypto, Astropay, Pix, USDT, GCash | Wire Transfer, Credit Card, Local Deposits, Multiple local methods, Crypto |
| Account Currency | USD, EUR, JPY, THB, ZAR, BRL, IDR | USD, GBP, EUR, JPY, ZAR |
| Languages | English, Spanish, French, Portuguese, Japanese, Indonesian, Malay, Thai, Arabic, Vietnamese | English, Spanish, Portuguese, Japanese, Thai, Arabic, Vietnamese, Hindi, Simplified Chinese, Bahasa Malay |
| Country | South Africa | Anguilla |
| Trading platform(s) timezone | United Arab Emirates | Anguilla |
| Other trading instruments | Stocks, Futures, Indices, Commodities, Energies, Shares, Cryptocurrency, Precious Metals, Forex, Synthetic cryptos | CFDs |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
