Headway has officially launched the Mzansi Trading Kings Demo Contest, a South Africa–exclusive trading competition created in celebration of the Finance Magnates Africa Summit. The initiative allows traders to compete in a simulated environment for a $2,700 prize pool, focusing on trading performance rather than financial risk.
The contest is hosted on the MetaTrader 5 (MT5) platform, providing participants with a professional trading setup and access to a wide range of instruments. Each participant receives a demo account funded with ZAR 200,000 in virtual capital, enabling realistic market participation without real-money exposure.
Promotion Highlights:
- Demo trading contest exclusively for South African traders
- Total prize pool of $2,700
- MT5 trading platform with all instruments available
- Leverage up to 1:500
- Virtual starting balance of ZAR 200,000
- Risk-free trading environment focused on skill and performance
- Rankings based on account growth and trading results
Registration is currently open, with trading set to begin on May 11 at 13:00 MT time and conclude on May 22 at 13:00 MT time. Final rankings will be published on May 22, determining winners based on overall trading performance.
Participants must grow their demo account balance above the initial level to qualify for rewards. The contest emphasizes disciplined trading, strategy execution, and consistent performance over the competition period.
Headway
Headway is a forex broker offering access to the MetaTrader 5 platform and organizing demo trading contests. The broker provides high-leverage trading conditions and multi-asset access within simulated environments designed for skill development and competitive trading.
Explore Headway’s official contest listings for more information on current and upcoming trading promotions.
| Feature |  Headway Since 2022 |
|---|---|
| Rating | ★★☆☆☆ |
| Regulation | FSCA (South Africa) |
| Min Deposit | $1 |
| Typical Spread | 0.10 |
| Leverage (Max) | 1:1000000 |
| Platforms | MT4, MT5, Mobile, Web |
| Instruments | Commodities, Cryptos, Energies, Indices, Forex, Metals, Real Stocks, Stock CFDs |
| Bonus | Yes |
| Robo Trading Allowed | Yes |
| Hedging Allowed | Yes |
| Scalping Allowed | Yes |
| Swap‑Free / Islamic | Yes |
| Action | Visit Broker |
Headway
Since 2022
