Side-by-Side Comparison Independent Updated Sep 21, 2026
Headway vs Phemex 2026: Which Broker is Better?
Compare Headway and Phemex side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Headway
Phemex
VS
| Headway | Phemex | |
|---|---|---|
| BrokerRank Score | 2.7/5 | 3.1/5 ✓ |
| Min. Deposit | $10 | $0 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:2000 ✓ | 1:100 |
| Regulation | IFSC ✓ | — |
| Platforms | MT5 | Proprietary Web, Proprietary Mobile |
Quick VerdictBrokerRank recommends
Best for Beginners
PhemexHeadway
Best for Low Fees
HeadwayPhemex
Best for Regulation
HeadwayPhemex
Best Overall
PhemexHeadway
Quick Answer
Phemex is the better choice overall, scoring 3.1/5 vs 2.7/5 on BrokerRank's independent rating. On fees, Headway offers lower spreads (0 pips).
See full side-by-side comparison belowHeadway vs Phemex: Key Differences
Feature
Headway
Phemex
WinnerOur Rating
2.7 / 5
3.1 / 5
Min. Deposit
$10
$0
Spread From
0 pips
0 pips
Commission
None
$0.01/lot
Regulated By
IFSC
—
Platforms
MT5
Proprietary Web, Proprietary Mobile
Markets
Forex, Cfd, Indices, Commodities, Crypto
Crypto
Founded
2021
2019
Headquarters
Belize City, Belize
Singapore
Score
1 / 3
2 / 3
Fees Comparison
Fee
Headway
Lower feesPhemex
Spread From
0 pips
0 pips
Commission
None
$0.01/lot
Deposit Fee
None
None
Withdrawal Fee
None
None
BrokerRank Verdict
Headway scores 2.67/5 while Phemex scores 3.14/5 in our independent rating.
Phemex edges ahead overall, but Headway may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
Who Should Choose Which?
Headway
2.7/5
Choose Headway if you want…
- No per-trade commission
- Higher leverage (up to 1:2000)
- More regulatory licences (1)
- More market types (5)
Phemex
3.1/5
Choose Phemex if you want…
- Higher overall rating (3.1/5)
- No minimum deposit
- More established (est. 2019)
- More platforms (2 supported)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both Headway & Phemex are available in
Frequently Asked Questions
1Is Headway better than Phemex?
Phemex scores higher overall on our independent rating system. Headway holds a 2.7/5 rating vs Phemex's 3.1/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, Headway or Phemex?
Headway offers spreads from 0 pips, while Phemex starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Headway vs Phemex?
Headway requires a minimum deposit of $10. Phemex requires $0.
4Which broker is safer, Headway or Phemex?
Headway is regulated by IFSC, while Phemex holds licences from unknown regulators.
5What trading platforms do Headway and Phemex support?
Headway supports MT5. Phemex supports Proprietary Web, Proprietary Mobile.
6Can I use both Headway and Phemex?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Higher Rated
Phemex
Capital at risk · T&Cs apply