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Lantern Review
104 brokers measured60 pricedmedian 7.0 USDformula v1.0Data captured 03.10.2026Some links are partner links. They never change a score or a position.
Score recalculated 03.10.2026

Headway — South Africa

Key facts (8)

Who actually onboards you
Home base: Jarocel (Pty) Ltd, East London, South Africa.
Licence number
52108
Established
2023group
Min deposit, USD
1 USDgeo
Platforms
MT4 · MT5 · Headway App
Local funding
ZAR cards/bank transfer, e-wallets, crypto; $0 d
Max leverage
not stated
EURUSD
not priced

This broker against the South Africa middle (60 of 104)

HeadwaySouth Africa median
Round turn, USDnot priced7.0 USD
Min deposit, USD1 USDgeo50.0 USD
Max leverageno data500.0geo
Withdrawal, hno data24.0 h
EURUSD, standardnot priced1.0 pips
EURUSD, rawnot priced0.0 pips
Established2023group2009.5
Platforms33.0

Accepts residents of South Africa

Yes

Score (4/6 axes)

3.9 of 5
reviews5525%
safety9020%
track_record1510%
platforms8010%

Shown, not ranked: no round-turn price

Licence check

Licence number
52108
Checked
2026-07-09

Register

Who actually onboards you

Home base: Jarocel (Pty) Ltd, East London, South Africa.

Entity not established

Cost per round turn, and the South Africa middle (60 of 104)

Round turn, USD
not priced
Median
7.0 USD

The numbers across South Africa

Round-turn cost, USD (60 of 104)

Median 7.0 · Range 1.5–20.0 USD

Minimum deposit, USD (36 of 104)

Median 50.0 · Range 0.0–1000.0 USD

What each account gives you

Cent, Standard, Pro, Islamic, Demo.

What the broker publishes about payouts

Withdrawal, h
not stated

Reviews

Reviews
4.1/5, 1,000+ reviewsgroup

rated "Great" with 4.1 / 5 on Trustpilot

Trading software and asset classes (3)

MT4 · MT5 · Headway App

FX, commodities, indices, stocks, crypto, synthetics (400+).

Trading profits and South Africa tax

SARS taxes residents on worldwide income. Frequent/active forex trading is generally taxed as income at the individual's marginal rate (progressive 18%-45%), not as capital gains. Active traders typically register for provisional tax (IRP6 due end-Aug and end-Feb, plus a third top-up if owing) and file the annual ITR12; trading-related expenses are deductible. Rates/brackets change annually - pres

Where it wins, where it loses

Pros (2)

  • Licensed locally: 52108
  • Swap-free account available

Cons (2)

  • Withdrawal time not published
  • Carries a regulator warning; excluded from beginner and most-established lists

The rest of the shortlist in South Africa (6)

Where it does not serve

Afghanistan, Iran, North Korea, Russian Federation, Somalia, Sudan, Syria, United States

Methodology

2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%

Methodology

Verified · what changed · sources (3)

Checked: 2026-07-09

FAQ (3)

Does Headway accept residents of South Africa?

Yes.

Which entity onboards a South Africa client of Headway?

Home base: Jarocel (Pty) Ltd, East London, South Africa.

What licence does Headway hold for South Africa?

Licence 52108.