Headway Forex Broker has launched a new demo contest exclusively for traders from South Africa. You can trade your favorite instruments on a ZAR account without risking your own money, and the top finishers share a ZAR 40,000 prize pool. This guide covers how the Mzansi Trading Kings contest works, how to join, and what to keep in mind if you want to compete.
Headway has been holding regular demo contests since October 2024. Each one has its own theme. Some are linked to global political events, some to religious celebrations, and others to the launch of specific trading instruments. What they share is the chance to win real cash prizes that can be fully withdrawn.
How the Headway Mzansi Trading Kings Contest Works
The contest is built so that every participant starts from the same point. Nobody gets a bigger starting balance or better trading conditions than anyone else, so the final ranking reflects how you trade.
The main conditions are:
- The contest is open exclusively to traders from South Africa.
- Every participant uses an MT5 demo account with a ZAR 200,000 initial balance.
- All accounts trade with 1:500 leverage.
- The ten traders with the highest account equity at the end of the contest win real, withdrawable cash prizes.
Account Setup
Because the account is a demo, no real deposit is needed to compete. You trade with virtual funds in ZAR, which means your results are measured in the same currency as your home market. Trading on MT5 also means you use a platform that many traders already know.
Prize Structure
The total prize pool is ZAR 40,000. The first-place winner receives ZAR 20,000, which is half of the pool. The remaining ZAR 20,000 is awarded to the other top finishers in the top ten. The exact split for places two to ten is set out in the official contest rules, so read them before you start.
| Position | Prize |
|---|---|
| 1st place | ZAR 20,000 |
| 2nd to 10th place | Share of the remaining ZAR 20,000 (see official rules) |
| Total prize pool | ZAR 40,000 |
Contest Dates and Registration
Registration for this round opened on August 19 and stayed open for the whole contest. The trading period itself ran from August 25 to September 8. Ranking is based on account equity at the close of the contest, so trades placed late in the round still count.
- Registration opened: August 19
- Contest period: August 25 to September 8
- Ranking basis: account equity at the end of the contest
Since this round has now closed, follow Headway’s social media accounts to hear about the next contest first.
Steps to Join the Headway Contest
Joining is straightforward if you prepare before the contest starts. Use these steps as a checklist:
- Visit the Headway website and find the Mzansi Trading Kings contest page.
- Register for the contest and confirm that you meet the South African eligibility requirement.
- Open your MT5 demo account with the ZAR 200,000 starting balance and 1:500 leverage.
- Trade your favorite instruments during the contest period.
- Track your equity and your position on the leaderboard as the contest progresses.
Tips for Competing on a Demo Account
A demo account removes the risk of losing real money, but it does not remove the discipline you need. High leverage can make a small move look dramatic in either direction, so position sizing matters more than usual. Reading a guide on forex risk management: position sizing, stops, and leverage before you start is a good way to prepare.
Keep these habits in mind during the contest:
- Set a stop loss on every trade so one bad position cannot wipe out your gains.
- Avoid risking a large share of your ZAR 200,000 balance on a single idea.
- Do not chase losses by doubling your position size after a losing trade.
- Keep a short trade journal so you can review what worked and what did not.
- Check your equity regularly, because a ranking can change quickly near the end.
Remember that demo results are not a perfect guide to live trading. Conditions such as spreads, slippage and your own emotions can differ once real money is involved.
About the Headway Broker
Headway is an international Forex broker offering more than 500 trading instruments and a wide range of services to traders of all experience levels. The broker’s published trading conditions include the features below.
| Feature | What Headway offers |
|---|---|
| Trading instruments | 500+ instruments, including local instruments |
| Account types | Swap Free accounts |
| Trade sizes | Micro lots |
| Leverage | Unlimited leverage (the contest itself uses 1:500) |
| Minimum deposit | $1 |
| Bonuses | Deposit bonuses |
Before you open any live account, check the broker’s terms and confirm its regulatory status. In South Africa, you can verify licensed providers through the Financial Sector Conduct Authority. You can also compare options in our guide to the best forex brokers in South Africa.
For more information, visit hw.online. Press enquiries can be sent to pr@hw.site.
Headway’s Demo Contest History
The Mzansi Trading Kings contest follows a series of demo competitions that Headway has run since October 2024. The pattern is consistent: a themed contest, a demo account for every participant, and cash prizes that can be withdrawn. For a closer look at an earlier round, read our overview of the Headway Major League demo contest, which covers its prizes, dates and how it worked.
Why Join Headway Mzansi Trading Kings
The contest gives South African traders a way to test strategies in their own currency without risking their own money. You get a fair starting point, a clear prize structure and a visible leaderboard. Headway’s stated aim is to give local traders an opportunity to trade the national currency and compete for their share of the ZAR 40,000 pool.
Ready to test your skills? Watch for the next round, follow Headway’s social media accounts, and prepare your strategy in advance.
Conclusion
The Headway Mzansi Trading Kings demo contest offers a simple structure: equal demo accounts, a ZAR 40,000 prize pool and withdrawable cash rewards for the top ten. Understanding the rules, managing your risk and keeping an eye on the leaderboard will give you the best chance to place well in future Headway contests.
FAQ
Who can join the Headway Mzansi Trading Kings contest?
The contest is open exclusively to traders from South Africa. Check the official contest rules for the full eligibility requirements before you register.
What balance and leverage do participants get?
Every participant trades an MT5 demo account with a ZAR 200,000 initial balance and 1:500 leverage, so all competitors start under the same conditions.
How much is the prize pool and how are prizes paid?
The total prize pool is ZAR 40,000. The first-place winner receives ZAR 20,000, and the top ten traders by account equity win real, withdrawable cash prizes.
When did the contest run?
Registration opened on August 19 and remained open throughout the contest. The trading period ran from August 25 to September 8. Follow Headway’s social media accounts to learn about future contests.
Does competing in a demo contest put my own money at risk?
No. You trade with virtual funds on a demo account, so no real deposit is needed to compete. Your ranking is based on account equity at the end of the contest.