Affiliate Disclosure
This page contains affiliate links. We may earn a commission if you click and sign up, at no extra cost to you. Our reviews remain independent and unbiased.
Headway’s Mzansi Trading Kings demo contest is a free trading competition for South African traders running from May 11 to May 22, 2026, with a total prize pool of $2,700 distributed among the top 10 winners. Regulated by FSCA, Headway lets you trade on MT5 with ZAR 200,000 in virtual funds and no real money at risk. You’ll compete against other traders using all available instruments and leverage up to 1:500 to maximize your profit percentage and climb the leaderboard. This is an excellent opportunity to hone your trading strategy and demonstrate your skills while competing for genuine prizes ranging from cutting-edge tech devices to withdrawable cash without any deposit requirement.
Terms and conditions apply. This may be an affiliate link.
Headway awards the $2,700 prize pool to the 10 highest-performing traders, with first place winning an iPhone 17 Pro, second place an Apple Watch Series 10, third place AirPods 4, and fourth through tenth places receiving $50 each in withdrawable cash.
Traders register from May 4, 2026, begin trading on May 11 at 13:00 MT time with ZAR 200,000 in virtual funds on MT5, and the contest runs until May 22 at 13:00 MT when the final leaderboard is published showing all rankings.
Headway provides 1:500 leverage on all tradeable instruments using demo funds only, meaning your wins and losses stay virtual until you decide to fund a live account with real money.
| Regulation | FSCA License 52108 |
| Contest Prize Pool | $2,700 USD |
| Account Type | Virtual Funds |
| Platform | MT5 |
| Min Deposit/Entry | None |
| Contest Duration | May 11-22, 2026 (12 days) |
| Ranking Method | Profit percentage |
| Max Leverage | 1:500 |
Yes, entry is completely free with no deposit required. Headway funds your demo account with ZAR 200,000 in virtual balance to trade throughout the contest period.
Registration opens May 4, 2026 and closes May 22, 2026 at 13:00 MT time when the contest ends and final leaderboard publishes.
Prizes for fourth through tenth place winners are $50 each in withdrawable cash; top three receive tech devices. Withdrawals process according to Headway’s standard payout terms after contest ends.
Yes, Headway is regulated by FSCA (Financial Sector Conduct Authority) under license number 52108 and headquartered in South Africa, ensuring compliance with local financial regulations.
The contest offers 1:500 maximum leverage on all available instruments, allowing aggressive trading strategies on your virtual ZAR 200,000 balance.
Trading forex and CFDs with high leverage such as 1:500 carries significant risk of loss. While this contest uses demo funds, real trading with similar leverage can result in total account loss. Ensure you understand leverage mechanics and risk management before trading with real money.
No reviews yet — be the first to share your experience.
