Willis Capital Review
Willis Capital is a proprietary trading firm founded by Dapo Willis, designed to empower skilled traders by providing them with access to substantial trading capital. The firm offers a structured SkillCheck program that allows traders to start with up to $100,000 in funding and potentially scale up to $500,000 based on consistent performance.
Willis Capital Review
Summary
Willis Capital is an innovative proprietary trading firm founded by Dapo Willis, a renowned trader recognized as one of the most influential in Africa and the Middle East. The firm aims to empower skilled traders with capital and resources to succeed in the financial markets. Willis Capital’s flagship offering is the SkillCheck program, which allows traders to prove their skills and potentially manage funds up to $500,000.
The firm’s approach is centered on fairness, skill recognition, and community building. Willis Capital offers a unique balance-based drawdown model and a generous 70/30 profit split in favor of traders. Their total funding is capped at $10,000,000, and they are reserved for the most skilled traders in their community. The SkillCheck program allows traders to start with up to $50,000 in initial funding, with the potential to scale up to $250,000 through multiple successful evaluations.
Willis Capital stands out with its innovative features, such as Virtual Trading Floors, specialized teams for different trading styles, and Willis University for trader education. They also offer a Stimulus Add-on feature to support traders during significant drawdowns and a refundable enrollment fee. The firm allows trading on various financial instruments, including major cryptocurrencies, indices, metals, and commodities.
The company emphasizes trader development and support, providing access to trained psychologists and a dedicated customer support team. Their community-driven approach is evident in their Discord server, where traders can collaborate and learn from each other. Willis Capital also offers an attractive affiliate program with tiered commissions, allowing individuals to earn by referring new traders to the platform.
The firm uses MetaTrader 4 and recently introduced MetaTrader 5 as a trading platforms, offering traders familiar and powerful tools for their trading activities.
Let’s examine the specific features, conditions, and programs offered by Willis Capital to gain a comprehensive understanding of what this prop firm offers aspiring and experienced traders alike.
Willis Capital Review
Programs
Willis Capital offers a comprehensive SkillCheck program designed to evaluate and fund skilled traders. This Standard Trader program consists of two phases: Process and Authentication, followed by a Live trading stage. Traders can choose from funding options ranging from $10,000 to $100,000, with enrollment fees varying from $89 for the $10,000 account to $450 for the $100,000 account. These fees are fully refundable upon successful completion of the program. The SkillCheck program sets clear targets for each phase. During the Process phase, traders aim for a 5% profit target, while the Authentication phase requires a 10% profit target. Once traders reach the Live stage, there is no specific profit target. Successful traders enjoy a generous 70/30 profit split, with 70% of the profits going to the trader.
Traders must complete a minimum of 5 trading days in each phase. The program offers consistent leverage of 1:100 across all stages. Daily drawdown limits are set at 5% for the Authentication and Live phases, with no limit during the Process phase. Maximum drawdown limits are 5% for the Process phase, increasing to 10% for the Authentication and Live phases. One of the standout features of the SkillCheck program is its infinite time limit, allowing traders to progress at their own pace. To support traders during challenging periods, Willis Capital offers a Stimulus Addon. This feature is available during the Process and Authentication phases when a trader reaches a realized 70% drawdown. The Stimulus Addon is not available in the Live trading stage.
Willis Capital Review
Conditions
Willis Capital has established a comprehensive set of conditions for its proprietary trading program, designed to foster a fair and transparent environment while providing traders with the opportunity to showcase their skills and grow their accounts.
Drawdowns
Willis Capital employs a balance-based drawdown model, which differs from the more common equity-based approach. This system is designed to enhance risk management for traders and maximize their potential for success. In the SkillCheck program, drawdown limits vary across phases. During the Process phase, traders face a maximum drawdown limit of 5%. This increases to 10% in the Authentication phase and remains at 10% for Live Fund Managers. Additionally, Willis Capital offers a Stimulus Add-on feature, available during the Process and Authentication phases when a trader reaches a 70% realized drawdown. This feature provides additional support to traders during challenging periods, helping them maintain their trading activities and regain confidence.
Payouts
Willis Capital has established a competitive and transparent payout structure for its traders. The company offers a 70/30 profit split, where traders retain 70% of their profits. This generous arrangement incentivizes strong performance while ensuring the sustainability of the program. Payouts are processed on a regular schedule, with the first withdrawal processed monthly and subsequent withdrawals available every two weeks. The minimum withdrawal amount is set at $150. Willis Capital provides multiple payment options to accommodate traders’ preferences, including bank transfers, card payments, PayPal, and cryptocurrencies (USDT TRC 20, BTC, and ETH). Importantly, the company does not impose hidden or recurring fees on payouts, maintaining transparency in its financial dealings with traders.
Trading Days
Willis Capital has implemented a straightforward requirement for trading days in its SkillCheck program. Both the Process and Authentication phases require a minimum of 5 trading days. This requirement ensures that traders demonstrate consistent performance over a reasonable period rather than relying on a single day of exceptional results. After meeting this minimum requirement, traders have the flexibility to manage their trading frequency according to their individual strategies and market conditions. This approach strikes a balance between providing a meaningful evaluation period and allowing traders the freedom to operate according to their own methodologies.
Trading Strategies
While Willis Capital allows traders considerable freedom in their approach to the markets, they have established certain guidelines to maintain the integrity of their program. Hedging is not permitted, which encourages traders to take clear directional positions. Expert Advisors (EAs) are allowed, but with specific restrictions. High-frequency trading, grid or martingale strategies, arbitrage, and tick scalping are prohibited when using EAs. Copy trading is strictly forbidden and can result in disqualification from the program. Willis Capital emphasizes responsible trading practices, encouraging traders to maintain consistent strategies and always utilize stop losses, particularly for live-funded traders. These rules are designed to promote sustainable trading practices and protect both the traders and the firm’s capital.
Inconsistency Rule
The Inconsistency Rule at Willis Capital is a guideline designed to ensure traders maintain a consistent trading strategy with well-defined position sizing across all trades. This rule does not dictate a specific strategy but emphasizes the importance of applying a predefined plan consistently. The aim is to prevent erratic trading behavior and encourage disciplined trading practices that align with responsible risk management. By enforcing this rule, Willis Capital seeks to safeguard its capital and create a fair trading environment that rewards traders who demonstrate professional discipline and consistency in their trading activities
Scaling Plan
Willis Capital offers an attractive scaling plan that rewards consistent performance. Traders can initially enroll in the SkillCheck program for up to $100,000. Upon successfully completing the program and becoming funded, traders have the opportunity to scale up to $250,000. For exceptionally successful traders, there’s potential to increase funding allocations up to a maximum of $500,000. The scaling process is tied directly to performance metrics. For every 20% realized quarterly profit, traders receive a 20% increase in their enrolled account size. This scaling plan provides a clear path for growth and serves as a strong motivator for traders to consistently improve their performance.
Refund
Willis Capital has implemented a refund policy that aligns with successful program completion. Traders who successfully complete the SkillCheck program and secure funding become eligible for a refund of their enrollment fee. This refund is processed upon the trader’s first withdrawal request. However, it’s important to note that there are no refunds available for program resets. This policy encourages traders to approach the program with seriousness and dedication, while also providing a financial incentive for successful completion.
Willis Capital Review
Features
| Maximum capital | $100,000 |
| Profit split | Up to 70% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:100 |
Willis Capital offers a range of features designed to support traders and enhance their trading experience. Here’s a comprehensive overview of what they provide:
Trading Platforms
Willis Capital provides traders with access to two of the most popular trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). MT4 is renowned for its user-friendly interface, robust charting tools, and support for automated trading through Expert Advisors (EAs). It is a staple in the trading community for forex and CFD trading. Recently, Willis Capital introduced MT5, which offers enhanced features such as more timeframes, additional technical indicators, and improved order management capabilities. This platform caters to traders who require more advanced analytical tools and the ability to trade a wider range of asset classes.
Dashboard
Willis Capital provides traders with a comprehensive and user-friendly dashboard that serves as the central hub for managing their trading activities. This intuitive interface allows traders to monitor their account performance, track their progress through the SkillCheck program phases, and access important metrics such as profit/loss, drawdown levels, and trading history. The dashboard also facilitates easy access to educational resources, account settings, and support features. With real-time updates and clear visualizations of trading data, the dashboard empowers traders to make informed decisions and stay on top of their trading journey within the Willis Capital ecosystem.
Support Offered
The firm provides comprehensive support to its traders. A notable feature is their team of trained psychologists, available to assist traders with the psychological aspects of trading. This unique offering acknowledges the importance of mental resilience in trading success. To foster a collaborative trading environment, Willis Capital maintains an active Discord server. This platform serves as a hub for traders to connect, share insights, and learn from one another. Additionally, Willis Capital maintains a dedicated customer support team to address technical issues, account queries, and program-related questions, ensuring traders have the assistance they need throughout their journey.
Knowledge Base
Willis Capital emphasizes trader education through their Willis University initiative. This educational resource offers a variety of courses, webinars, and materials led by industry experts. The curriculum caters to traders of all levels, from beginners to advanced practitioners, covering topics such as market analysis, risk management, and trading psychology. This commitment to education demonstrates Willis Capital’s investment in their traders’ long-term success.
Broker Integration
Willis Capital operates as both a prop firm and a liquidity provider. By providing their own liquidity, they offer direct market access to their traders. This integration can potentially lead to faster execution speeds and competitive spreads, which are crucial factors in successful trading, especially for short-term strategies.
Virtual Trading Floors
Willis Capital has created innovative Virtual Trading Floors powered by Discord. These virtual spaces allow funded traders to collaborate, share strategies, and exchange insights. This feature embodies the company’s belief that “Together Everyone Achieves More” (TEAM), fostering a community-driven approach to trading success.
Specialized Teams
Upon successfully completing the SkillCheck process and gaining access to live funds, traders are automatically assigned to specialized teams such as Nova, Fury, Vanguard, Titan, Delta, Alpha, and Phantom. Each team caters to different trading styles and strengths, allowing traders to collaborate with like-minded individuals and leverage their specific skills.
Balance-Based Drawdown Approach
Unlike many prop firms that use equity-based models, Willis Capital employs an innovative balance-based drawdown approach. This method aims to enhance traders’ risk management and maximize their potential for success, providing a more stable trading environment.
Stimulus Add-on
Willis Capital offers a financial stimulus when traders face significant drawdowns. This additional capital injection helps traders maintain their trading activities, manage risk, and regain confidence during challenging market conditions. It’s available during the Process and Authentication phases when a trader reaches a 70% realized drawdown.
Affiliate Program
Willis Capital offers an attractive affiliate program that provides an opportunity for individuals to earn substantial commissions by referring traders to their proprietary trading platform. The program features a tiered commission structure, starting with a 10% commission for each referral. As affiliates reach higher tiers based on the aggregate value of referred prop accounts, their commission rates increase. Tier 1, achieved at $1 million in aggregate prop accounts, boosts the commission to 12%, while Tier 2, reached at $20 million, offers a 15% commission rate. The program includes milestones ranging from $250,000 to $100 million in aggregate prop accounts. However, it’s important to note that withdrawals are only processed once the affiliate accumulates $250,000 worth of prop accounts.
Willis Capital Review
Conclusion
Willis Capital stands out in the proprietary trading landscape with its innovative approach to trader development and support. The firm’s unique features, such as Virtual Trading Floors, balance-based drawdown model, and comprehensive educational resources, demonstrate a commitment to fostering trader success. While the refundable enrollment fee and scaling opportunities offer attractive incentives, traders should remain mindful of the program’s rules and the inherent risks of trading. Overall, Willis Capital provides a well-rounded ecosystem for traders seeking not just funding, but also community, education, and growth potential.
Willis Capital Review
