Headway Capital provides no information about who owns or runs the business on their website.

Headway Capital marketing videos feature a roster of Fivver style gig actors.

In one marketing video, the Headway Capital admin shows us a list of directory tags on their Apple computer:

These tags are in Turkish, suggesting whoever is running Headway Capital has ties to Turkey.

This is supported by the broken English featured in Headway Capital marketing videos:

Headway Capital’s official private Facebook group, linked from their website, has two admins; “Kanaye Ria Zongmeng” and “Durriyah Dalal Abbas”.

Both of these are fake profiles populated with stolen photos:

In the footer of Headway Capital’s source-code, we learn the website is a clone of “Ax Trader”:

Ax Trader is a Ponzi scheme launched in late 2020. By April 2021, Ax Trader had collapsed.

Headway Capital’s website is for the most part just a clone of Ax Trader.

One other Ponzi scheme I was able to link the scammers behind Headway Capital to is Xerox Asset.

The link between Xerox Asset and Headway Capital is Headway Capital’s private Facebook group:

Xerox Asset has a standalone Facebook page, which is being run from Turkey and Nigeria.

Putting all of this together we have a timeline of:

  1. Ax Trader launching in December 2020;
  2. Ax Trader beginning to collapse around January 2021;
  3. Xerox Asset launching in January 2021;
  4. Ax Trader collapsing in April 2021;
  5. Xerox Asset flopping and being rebooted as Headway Capital in April 2021.

The scammers behind all three Ponzi schemes are from Turkey. Such to the extent they are working with scammers in Nigeria is unclear.

One note, I wasn’t able to establish if Headway Capital is MLM (I’ll go into this in “compensation plan” below).

I was able to confirm Ax Trader offered three levels of referral commissions. I’m thus publishing this to shine a light on what appears to be serial Ponzi scammers.

Read on for a full review of Headway Capital’s MLM opportunity.

Headway Capital’s Products

Headway Capital has no retailable products or services, with affiliates only able to market Headway Capital affiliate membership itself.

Headway Capital’s Compensation Plan

Headway Capital affiliates invest cryptocurrency on the promise of advertised returns:

  • Basic – invest $300 to $14,999 and receive 1.6% a day
  • Basic+ – invest $30,000 to $69,999 and receive 14.1% a week
  • Premium – invest $15,000 to $250,000 and receive 2.1% a day
  • Premium+ – invest $70,000 to $750,000 and receive 16% a week

Referral Commissions

Headway Capital advertises referral commissions but doesn’t provide specifics:

When is the referral bonus paid?

Referral bonus is accumulated instantly in your Account as soon as your referral makes a deposit.

For reference, Ax Trader paid three levels of referral commissions (unilevel):

  • level 1 (personally recruited affiliates) – 5%
  • level 2 – 2%
  • level 3 – 1%

Joining Headway Capital

Headway Capital affiliate membership is free.

Full participation in the attached income opportunity requires a minimum $300 investment.

Headway Capital solicits investment in various cryptocurrencies.

Headway Capital Conclusion

Headway Capital trots out the standard “trading” crypto Ponzi ruse:

There is no evidence of Headway Capital trading or generating any other source of external revenue.

The introduction of this review should have provided you with enough due-diligence to confirm Headway Capital is the third known Ponzi scheme launched by serial scammers.

As with all Ponzi schemes, once affiliate recruitment dries up so too will new investment.

This will starve Headway Capital of ROI revenue, eventually prompting a collapse.

The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.