Headway, a global Forex broker, has launched Face-Off, a team-based demo trading contest with a total prize pool of $3,150. The format rewards both individual skill and teamwork, which sets it apart from many standard demo competitions. This guide explains how the contest works, what the prizes are, and how to take part.
What Is the Headway Face-Off Contest?
Face-Off is a demo trading competition run by Headway. Participants trade with virtual money, so they can test strategies without risking real funds. The contest is built around teams, which makes it more social than a typical solo leaderboard.
For traders who have only practiced alone, this is a different kind of challenge. You are judged on your own results, but your team’s performance also depends on how well you work with others.
The Team Format
Instead of trading only for individual results, participants choose between two teams: Crypto or Synthetics. Each trader competes for a personal ranking and also contributes to the success of their team.
This gives people a reason to share ideas and watch how other members approach the market. Comparing notes with teammates can reveal blind spots in your own analysis.
One Setup for Everyone
All traders use the same contest conditions, so results depend on decisions rather than on who has the larger account. That level playing field matters in a competition because it keeps the focus on strategy and discipline.
How the Headway Face-Off Contest Works
Each participant receives a Standard MT5 demo account with a $10,000 virtual balance and leverage of up to 1:500. The account setup is the same for every trader, so the contest tests how you manage your trades within those limits.
Contest Schedule
According to the original announcement, the contest started on March 23 and was scheduled to run until April 6, with final standings announced on April 7. Because the contest runs 24/7, including weekends, you can trade whenever suits your routine.
Those dates are from the original announcement and may have passed. Before you plan around them, check the Headway platform to confirm whether a new round is open and whether registration is still available.
Why Round-the-Clock Trading Matters
A contest that runs on weekends gives traders more chances to practice. You can test a new method during a quiet session, review a losing trade later, and adjust your approach without the pressure of a single short window.
Prize Pool and Rewards
The contest carries a total prize pool of $3,150. Headway will distribute it among the top 10 traders based on performance. The announcement also includes a team reward: members of the winning team receive a 50% bonus added to their individual prize.
- Total prize pool: $3,150
- Individual prizes: Shared among the top 10 traders based on performance
- Team bonus: Members of the winning team get a 50% bonus added to their individual prize
The original announcement does not break down how much each of the top 10 positions receives. Check the official contest terms on the Headway platform for the exact split and ranking rules.
How to Join the Headway Contest
Traders can enter Face-Off through their Personal Area on the Headway platform or through the Headway mobile app. The steps below give a simple way to get started.
- Log in to your Headway Personal Area or open the mobile app.
- Find the Face-Off contest and read the terms and conditions.
- Register and choose your team, either Crypto or Synthetics.
- Open or access your Standard MT5 demo account with the $10,000 virtual balance.
- Start trading and track your ranking and your team’s progress during the contest period.
Headway Face-Off at a Glance
The table below summarizes the key details from the announcement. Use it as a quick reference before you register.
| Feature | Face-Off Details |
|---|---|
| Format | Team-based demo trading contest |
| Teams | Crypto or Synthetics |
| Account type | Standard MT5 demo account |
| Virtual balance | $10,000 |
| Maximum leverage | Up to 1:500 |
| Trading hours | 24/7, including weekends |
| Total prize pool | $3,150 |
| Ranked rewards | Top 10 traders, based on performance |
| Team bonus | 50% added to individual prize for winning team members |
| Entry points | Personal Area on the Headway platform or the mobile app |
Tips for Getting the Most From a Headway Demo Contest
A demo contest is most useful when you treat it like real trading. The goal is to build habits you can carry into a live account, not simply to chase the top spot for a few days.
Set a Clear Plan Before You Start
Decide in advance how much you will risk per trade and which instruments you will focus on. A written plan keeps you from making impulsive moves when a position moves against you.
Manage Risk Like You Would With Real Money
Virtual money can tempt traders to take oversized positions. Keep position sizes consistent and use stop-losses. Our guide to Forex risk management, covering position sizing, stops, and leverage, explains how to apply these principles.
Use the Team Format Wisely
Because your results also affect your team, avoid copying others blindly. Share analysis, compare notes, and keep your own decision process. Diversity of approach often produces more reliable team results than everyone following the same trade.
Review Your Results Each Day
Track which trades worked and which did not. A short daily review helps you spot patterns, such as overtrading during weekends or ignoring your own rules when a trade is losing.
Other Headway Contests to Consider
If you enjoy Face-Off, you may also want to look at other Headway competitions. The Headway Major League Demo Trading Contest is another demo event worth reviewing. For broader background on demo contests and how they compare, the Forex demo contest category lists more options.
For general financial terms such as leverage, spread, and stop-loss, a glossary from a trusted source like Investopedia can help newer traders understand what they are working with.
About Headway
Headway is an international Forex broker that offers more than 500 trading instruments for traders of all experience levels. Its trading features include deposit bonuses, swap-free accounts, micro lots, and low minimum deposits.
You can find more details on the official Headway website at hw.online.
Conclusion
The Headway Face-Off contest offers a practical way to test your trading in a risk-free environment while competing with others. With a $3,150 prize pool, a team format, and a Standard MT5 demo account, it is a clear option for traders who want to sharpen their skills. Confirm the current dates and terms on the Headway platform before you register.
FAQ
Is the Headway Face-Off contest a demo or a live trading contest?
Face-Off is a demo trading contest. Each participant trades with a $10,000 virtual balance on a Standard MT5 demo account, so no real funds are at risk.
What is the total prize pool for Face-Off?
The total prize pool is $3,150. Headway distributes it among the top 10 traders based on performance, and members of the winning team receive a 50% bonus added to their individual prize.
Which teams can I join?
Participants choose between two teams, Crypto or Synthetics. Your individual results count toward your personal ranking and also contribute to your team’s success.
How do I enter the Headway Face-Off contest?
You can enter through your Personal Area on the Headway platform or through the Headway mobile app. Read the contest terms before registering to confirm eligibility and ranking rules.
When does the Face-Off contest run?
The original announcement said the contest started on March 23 and would run until April 6, with final standings on April 7. Because these dates may have passed, check the Headway platform for the current schedule.