The Headway $1 Challenge Demo Contest is a free trading competition that uses a simulated Cent account. Each entrant receives a virtual balance of $1, equal to 100 USC, and places trades through MetaTrader 5 during the contest's trading window. The 10 traders with the highest final rankings share $2,125 in withdrawable cash prizes.
Because all contest trades use virtual funds, participants don't need to deposit real money to enter. However, the prizes are cash awards, not demo credits.
How to Enter the Headway $1 Challenge Demo Trading Contest
Headway Contest Schedule
Registration opens on November 9 and closes on November 30. You can sign up through your Headway Personal Area during that period.
Trading begins on November 16 at 13:00 MT and ends on November 30 at 13:00 MT. Since registration stays open after trading begins, the entry period overlaps with the trading window. However, you can use the contest account only during the scheduled trading period.
Headway will post the final leaderboard in your Personal Area on December 1. The contest information provided does not include a year for these dates, so check the terms in your account to confirm the applicable schedule.
Headway Demo Account and Entry Rules
Headway assigns each participant a dedicated Cent demo account for the competition. The account runs on MetaTrader 5 and starts with a balance of $1, or 100 USC. The stated leverage is 1:500.
Entry is free, and you don't need to fund the account with real money. All trading during the contest uses virtual funds, while any prize you win is a cash award that you can withdraw.
The available contest details don't say which instruments participants can trade or whether Expert Advisors are permitted. Review the rules in your Headway Personal Area before trading, since it may contain requirements not listed here.
Prize Money
The 10 highest-ranked traders on the final leaderboard receive a share of the $2,125 prize pool.
| Final rank | Cash prize |
|---|---|
| 1st place | $1,000 |
| 2nd place | $500 |
| 3rd place | $200 |
| 4th place | $100 |
| 5th place | $75 |
| 6th through 10th place | $50 each |
How to Enter the Headway $1 Challenge
- Sign in to your Headway Personal Area, or create an account if you don't already have one.
- Register for the $1 Challenge Demo Contest before registration closes on November 30.
- Once trading opens on November 16 at 13:00 MT, access the contest account assigned to you and trade through MetaTrader 5.
- Finish trading by November 30 at 13:00 MT.
- Check your Personal Area on December 1 for the final leaderboard and contest results.
Before placing trades, confirm the dates and review the complete contest terms in your Personal Area. The published details do not list the permitted trading instruments or state whether automated trading is allowed.
