FAQs

Frequently Asked Questions

Have questions? We are here to help

General

Where is Willis Capital located?

Willis Capital is domiciled in Nigeria.

How do I get started with Willis Capital?

It is advisable that a trader reads through the terms and conditions guiding each program for proper understanding before enrolling for any program of choice to get started.

What is the penalty for violating trading conditions?

Willis Capital reserves the right to close down any account found violating our trading conditions.

Does the trader get a real account or a simulated account?

All Willis Capital traders will get a real account. However, this privilege will only be granted to those who have successfully passed the SkillCheck Standard Program.

Does Willis Capital have any Country restrictions?

No! All traders, regardless of their location or time zone, have the same opportunity on the Willis Capital platform.

How does Willis Capital ensure fairness and transparency in trading?

As a team, we have designed our model to ensure that our success depends on the profitability of our traders. Hence, it is in our own best interest to be fair and transparent if we are to remain sustainable in the long run. Your success is our success!

What is the age requirement to get funded by Willis Capital?

18 and above.

What should I do to become a funded trader?

What should I do to become a funded trader? There are 3 steps to becoming a funded trader with Willis Capital:

  1. 1.Enroll for any one of Willis Capital’s proprietary trading programs.
  2. 2.Stick to the rules stipulated for the particular program.
  3. 3.Achieve the set objectives.
Can I enrol for multiple account sizes for diversification of trades?

All traders enrolled in the SkillCheck program are allowed a max account size of $50,000. Only profitable traders (those who have passed the SkillCheck Program) have the opportunity to scale up to $250,000 in funding. However, a trader will only be allowed to enrol for another SkillCheck program after breaching/having received a live-funded trading account.

Illustration:
A trader enrolled for a SkillCheck Program of $50,000; Until he passes/breaches all phases and gets funded live, he cannot enrol for any other program of any account size.

However, If a trader passes the SkillCheck program and is funded live, he can then be allowed to enrol for additional SkillCheck programs of up to $50,000 max and must pass all phases until live-funded.

Willis Capital allows profitable traders the opportunity to scale up to $250,000 using the approach explained in the above illustration; i.e. a trader passes all phases of a SkillCheck program for a $50,000 account size and get funded live, he can then proceed to enrol for another SkillCheck program $50,000 account size until funded live. This can be repeated up until a trader has a total of $250,000 (($50,000 * 5) funded live.

Scenario 2:
A trader enrolled for a SkillCheck Program of $10,000 account size. NB: He cannot enrol for more than ($50,000 max i.e. he can enrol for 5 * $10,000 to max $50,000). Until he passes/breaches all phases and gets funded live, he cannot enrol for any other program of any account size.

However, If a trader passes the SkillCheck program and is funded live, he can then be allowed to enrol for additional SkillCheck programs of up to $50,000 max and must pass all phases until live-funded.

Willis Capital allows profitable traders the opportunity to scale up to $250,000 using the approach explained in the above illustration; i.e. a trader passes all phases of a SkillCheck program for (5 * $10,000 to max $50,000) account size and gets funded live, he can then proceed to enrol for another SkillCheck program $50,000 account size until funded live. This can be repeated up until a trader has a total of $250,000 (($10,000 * 25/ $25,000 * 10) funded live.

Can I hedge positions across multiple accounts?

No! We do not allow hedging.

Can I share my login information with other traders?

For the sake of transparency and fairness to everyone, we do not allow traders to share their login details with others.

When will I have to submit the KYC documents?

Traders will be expected to submit the KYC document when they have proven themselves by completing the SkillCheck program.

I need help verifying my KYC details, how do I go about it?

To verify your KYC details, kindly go to the profile section of your dashboard and upload all the necessary documents.

How do I share my metrics with customer support Agents?

To share your metric with a customer support agent, use the chat button to start a conversation with one of our agents and follow the instructions that will be provided.

Is there an Inactive period for my account?

Yes! After 30 days of inactivity, trading accounts will be breached. But it's advisable to enter a temporary position to keep accounts running.

Can I hold trades during the news and over the weekend?

Yes! All traders are allowed to trade during the news and over the weekend but funded traders are mandated to use a stop loss. Stop losses must have been placed at least 15 minutes before the news event or else the trades will be automatically closed. See Weekend Protocol for more details.

Will I get a certificate?

Yes! As a heartfelt token of our appreciation for your remarkable achievements, we proudly present you with certificates that mirror your excellence.

Is scaling allowed?

Yes! Willis Capital has a scaling plan where profitable traders can scale their live-funded enrolled $250,000 ($50,000 * 5) accounts up to $500,000. For every 20% realised quarterly profit a trader makes on an enrolled account, we scale you by 20% of the enrolled account.

Illustration:

A trader made 20% realised profits between 3 months (January - March) of an enrolled $250,000 account. In April, we will scale your enrolled account by 20% of the account's initial balance of $250,000 ($50,000) which will total $300,000. If the trader does another 20% realised profits between 3 months (April - June) of a $300,000 account. In July, we will scale your enrolled account by 20% of the account's initial balance of $250,000 ($50,000) which will total $350,000.

If the trader does another 20% realised profits between 3 months (July - Sep) of a $350,000 account. In October, we will scale your enrolled account by 20% of the account's initial balance of( $250,000; ($50,000) which will total $400,000.

NB:At Willis Capital, a trader can only be scaled to $500,000 max. This is because we provide live funding to traders in our programs, and this funding is capped at $10,000,000. Hence, our goal is to provide an equitable platform; giving every trader an equal opportunity to get funded.

Besides currency pairs, can I trade other instruments on Willis Capital?

Yes! You can trade all major cryptocurrencies, Indices, metals, and commodities

Can I change my trading account password?

No! And that is why you should not share your trading password/details with a third party.

Can I use Expert Advisors(EAs)/Indicators?

The utilisation of Expert Advisors (EAs) to facilitate trading is certainly allowed. Nevertheless, it's crucial to be aware that there are specific types of EAs that we consider inappropriate due to their potential negative impact on the trading ecosystem.

To provide more clarity, the following types of EAs are prohibited:
1. High-Frequency Trading (HFT): EAs that execute an unusually large number of trades within extremely short timeframes are not permitted. This precaution is in place to prevent excessive market volatility and the potential for unfair advantages.

2. Grid / Martingale Strategies: EAs that implement grid or martingale trading strategies, which involve progressively increasing trade sizes after losses, are sanctioned. These strategies carry a heightened risk of substantial losses.

3. Arbitrage: EAs that seek to exploit price discrepancies between different markets or brokers are not allowed. Arbitrage strategies could disrupt market integrity and create an uneven trading landscape.

4. Tick Scalping: EAs that focus on profiting from minuscule price movements within a single tick are prohibited. Such strategies can strain the trading platform and might not contribute positively to overall market stability.

By establishing these restrictions, we intend to cultivate a secure and equitable trading environment that fosters success for all traders. Familiarizing yourself with and adhering to these guidelines is essential to ensure a positive trading experience for all participants.

Can I merge my accounts in Willis Capital?

Of course! You are granted the option to merge your funded program within Willis Capital.

Only programs of the same type can be merged.

Merging cannot occur if there are active trades or if a program is amidst a trading cycle. Ensure all trades are closed and the trading cycle is finished before proceeding. Negative balance programs are not eligible for merging.

For queries or assistance with merging, please adhere to the provided guidelines and reach out to our Willis Capital Support Team.

Does my program cycle start when I take my first trade?

Yes! When you execute your first trade in the program, your cycle begins to count.

What is next after I have passed the Skill Check phase?

Upon passing the SkillCheck program, you will be asked to complete your profile, by signing the independent contract and uploading the KYC documents. Only after this will you receive your live-funded accounts.

Can I add my Willis Capital trading account to Myfxbook?

Definitely! Live-funded traders have the opportunity to add trades executed on their Willis Capital accounts to MyFXBook.

Can I reset my program if I violate any rules?

Yes, we have got you covered. For SkillCheck programs, we offer a reset fee discount. It's our way of rewarding your commitment to your trading journey.

Is it mandatory to use stop loss (SL) for all trades?

Only live-funded traders are mandated to use stop loss for their trades. However, we advise all traders to use stop loss 15 minutes before major news events and for positions they intend to hold over the weekend.

What is the copy trading rule at Willis Capital?

Copy trading is prohibited in Willis Capital and it can lead to a breach of the program.

Do you offer a refund upon passing the trading program?

Yes! All traders who successfully complete the SkillCheck program have the opportunity to get a refund upon first withdrawal.

When will I get the account credentials after payment?

As soon as payment is confirmed, potential traders will receive account credentials within 2 hours of confirmation.

How much is the profit split in Willis Capital?

To ensure that we remain sustainable, we will be using a 70/30 profit split.

What payment methods do you accept?

Bank transfer, Card payments, PayPal, and Cryptocurrencies.

Can I make a payment through Cryptocurrency?

Yes! We accept payment in USDT TRC 20, BTC, and ETH.

How often will I get my payout?

The first withdrawal payment is processed monthly after which all subsequent withdrawal payments are processed on a biweekly basis.

Are there any hidden/recurring fees?

There are no hidden/ recurring fees

Is there a refund option for reset?

No! There is no refund for reset.

Who will pay tax on my profits?

Willis Capital expects Traders to pay tax on profits made.

Who will pay the transaction commission?

Traders will be in charge of transactional costs

How do I withdraw my profits?

Make a request from the dashboard and the finance department will process it within 24 hours.

What is the minimum withdrawal a trader can process on Willis Capital?

The minimum withdrawal a trader can request is $150

How credible is Willis Capital?

Our founder Dapo Willis is a well-renowned profitable trader, whose fame reverberates across the industry. He is recognised as one of the most Influential Traders in Africa and the Middle East.

Willis Capital is birthed with his name as the focal point of the company which shows the strong desire and vision of the brand, to have traders thrive and profits soar.

Any help with trading psychology?

Yes! Our team consists of trained psychologists who are more than ready to provide assistance where needed.

What is Stimulus Add-on?

The "Stimulus Add-On" is an account enhancement feature crafted to provide traders with the opportunity to expand their drawdown limits, allowing for extended and more flexible trading capabilities. This enhancement comes at a nominal fee and is equivalent to 50% of the actual drawdown per cent.

The Stimulus Add-on costs 45% of the enrolment fee and is activated upon a 70% realised drawdown.

What are the criteria to activate a Stimulus Add-on?

A trader must have had a realised loss of 70% of the program's overall drawdown.

Illustration 1:
Program account size - $10,000 Process Phase - 5% maximum drawdown

Scenario:
A trader loses 3.5% of his 5% maximum drawdown, he can then activate stimulus add-on which will give an added 2.5% of the overall drawdown. This will increase the trader’s overall drawdown back to 4% on the program account.

Illustration 2:
Program account size - $10,000 Authentication Phase - 10% maximum drawdown

Scenario:
A trader loses 7% of his 10% maximum drawdown, he can then activate stimulus add-on which will give an added 5% of the overall drawdown. This will increase the trader’s overall drawdown back to 8% on the program account.

What does 'responsible trading' mean at Willis Capital?

Responsible trading involves utilizing your skills and knowledge to make informed trading decisions while adhering to ethical practices. It means avoiding actions that disrupt the fairness and integrity of the platform for all participants.

What is the inconsistency rule?

The inconsistency rule at Willis Capital stipulates that program participants, especially fund managers should do their utmost to adhere to a well-defined trading strategy across trades. This helps them manage risk effectively and aligns with industry best practices.

What is your position on trading without a stop loss?

Trading without a stop loss, especially for our Fund Managers, is strictly prohibited in our platform. If a trader fails to set a stop loss, we will be forced to close the position and remove the trader from our liquidity pool. Also, any profits made earlier will be forfeited. This measure is essential for risk management. Therefore, we kindly request that all traders comply with this rule to avoid any issues.

Why does Willis Capital emphasize consistent trading practices?

Consistency promotes a fair and stable trading environment. It also benefits individual traders by encouraging discipline, improved risk management, and a clear path for self-evaluation and improvement.

What activities are considered irresponsible trading?

Several activities are prohibited, including market manipulation (wash trading, spoofing, pump and dump schemes), high-frequency trading (HFT), excessive hedging for disruption, market abuse (front-running, insider trading), and gambling practices (excessive risk-taking, impulsive trading, chasing unrealistic returns).

How can I avoid engaging in gambling practices while trading?

Develop a well-defined trading strategy based on analysis, manage your risk tolerance, don't chase quick profits, and avoid impulsive decisions based on emotions.

What happens if my account activity is flagged for irresponsible trading?

If we suspect a violation, your account may be suspended or terminated. We encourage you to contact our support team if you have any questions about responsible trading practices.

Can I report someone suspected of irresponsible trading?

Absolutely. We encourage all users to report any suspicious activity to our support team. This helps maintain a fair and secure trading environment for everyone.

Where can I learn more about responsible trading practices?

Numerous online resources and educational materials can help you learn more. We also encourage you to explore our thriving community on Discord where you'll find valuable insights from fellow traders

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