Willis Capital Prop Firm Supported and Restricted Countries

It is important to understand the intricacies of Willis capital prop firm supported and restricted countries especially for traders looking to join the firm. Willis Capital is a proprietary trading firm that operates under the legal name Startrader LLC. It was founded to give traders a way to use their expertise in the financial markets. Dapo Willis founded the firm, which provides resources and funds to help traders succeed financially by bridging the gap between trading talent and capital availability. Forex, cryptocurrency, commodities, indices, and metals are just a few of the products that traders can trade with Willis Capital. The firm’s drawdown methodology, which is based on balance, enables traders to properly control risk. This article will examine Willis capital prop firm supported and restricted countries.

Essential Characteristics of Willis Capital

• Opportunities for Funding: Willis Capital gives experienced traders access to funding options so they can trade and possibly grow their accounts.
• Trading Tools: A variety of trading tools are available to traders, facilitating strategic trading and diversification.
• Balance-Based Drawdown Approach: This approach protects traders’ capital during trading by assisting them in properly managing risk.
• Community and Support: Willis Capital places a strong emphasis on creating a network of prosperous traders and providing them with tools and assistance to help them succeed.

Willis Capital Prop Firm Supported Countries

Willis Capital is domiciled in Nigeria. Regardless of region or time zone, the firm wants to offer a fair platform that gives all traders an equal chance to get funding.

Willis Capital Prop Firm Restricted Countries

Undisclosed countries are not permitted to trade with Willis Capital. Prospective traders must determine whether trading on the Willis Capital platform is allowed in their country of residence. 

Willis Capital has strict screening procedures to guarantee adherence to Anti-Money Laundering (AML) laws. Regularly checking clients, transactions, and business contacts against pertinent sanctions lists—such as those enforced by national and international authorities—is one of these strategies. Additionally, the firm keeps an extensive database on restricted countries, people, organizations, and politically exposed persons (PEPs).

Enhanced due diligence processes are applied to any client or transaction that is detected as being from Willis Capital Prop Firm Restricted Countries or that is on a relevant sanctions list. This entails a thorough evaluation to evaluate the client’s or transaction’s authenticity and any hazards, in addition to further verification procedures to identify the funds’ source and the transaction’s goal. Doing business with people, organizations, or countries that are subject to sanctions is absolutely forbidden by Willis Capital.

Anti-Money Laundering (AML) Policy

In order to foster an open, moral, and law-abiding financial environment, Willis Capital has implemented an Anti-Money Laundering (AML) Policy. In order to prevent money laundering, terrorist funding, and other financial crimes, the policy conforms with all applicable laws, rules, and international standards. Western Sahara Worldwide Services (“WSWS”) aligns its operations with the highest ethical standards and regulatory requirements by considering the prevention and detection of illicit financial transactions as essential components of its operations. The business upholds an AML framework that conforms to the rules and legislation that control its activities in different jurisdictions.

The AML Policies Goals and Scope

• Scope: The policy is applicable in a number of jurisdictions and covers all of Willis Capital’s programs, affiliates, and subsidiaries. All workers, subcontractors, and outside parties representing Willis Capital are required to closely follow the rules and regulations set forth in this policy.
• Goals: Proactively preventing and identifying cases of money laundering, terrorist funding, and other financial crimes is the main goal of this policy. In order to stop its services from being used illegally, the firm is dedicated to implementing strong safeguards and best practices.

Ensuring rigorous adherence to all relevant AML laws, rules, and industry standards in all jurisdictions where Willis Capital operates is another crucial goal. This covers, but is not restricted to, following international best practices, global sanctions initiatives, and local AML legislation.

Willis Capital wants to create clear processes for determining and confirming beneficial ownership in connection with Willis Capital’s operations, guaranteeing careful due diligence in comprehending and recording the ownership structures of its partners and clients. The policy places a strong emphasis on accurate and timely reporting of suspicious activity to the appropriate authorities in accordance with regulatory duties, as well as careful record-keeping procedures to document transactions, customer information, and any suspicious activities.

The organization prioritizes ongoing training and awareness initiatives for its staff members and affiliated parties in order to improve their comprehension of AML concepts, identify warning signs, and successfully adhere to the policy.

• Protocols for Sanctions Compliance: Willis Capital employs strict screening procedures to guarantee adherence to both domestic and global sanctions initiatives. Regularly checking clients, transactions, and business contacts against pertinent sanctions lists—such as those enforced by international and national authorities—is part of this. The firm keeps an extensive database of Willis Capital Prop Firm Restricted countries , people, organizations, and politically exposed persons (PEPs). 

Enhanced due diligence processes are applied to any client or transaction that is detected as being from Willis Capital Prop Firm Restricted Countries or that is on a relevant sanctions list. This entails a thorough evaluation to evaluate the client’s or transaction’s authenticity and any hazards, in addition to further verification procedures to identify the funds’ source and the transaction’s goal.

Willis Capital strictly forbids conducting commercial trades or transactions with people, organizations, or countries that are subject to sanctions and makes sure that its operations comply with all relevant sanctions laws and regulations. To take into account any revisions to national and international sanctions programs or changes in sanctions lists, the sanctions screening procedures are periodically reviewed and updated.

Specifics of the Willis Capital Challenge

A two-phase challenge is offered by Willis Capital. The firm gives traders access to Forex, Crypto, Commodities, Indices, and Metals and facilitates trading on hidden platforms. Willis Capital offers a maximum allocation of $50,000, with the possibility of scaling up to $500,000. It does not provide free trials to its users or host trading competitions for traders. 

Willis Capital Challenge Account Pricing:

Standard Trader (2-Phase)

• Size: $10,000 ($99)
• Size: $25,000 ($210)
• Size: $50,000 ($345)

Characteristics:

• Drawdown Type: Balance Based Drawdown
• Copy Trading: Allowed
• Drawdown: 10%
• EA Allowed: Yes
• News Trading: Allowed
• Profit Target: 5% – 10%
• Daily Loss: 5%

Becoming a Funded Trader

To become a funded trader with Willis Capital, there are three steps:

• A trader passes all phases of a SkillCheck program for a $50,000 account size and gets funded live.
• The trader can then proceed to enroll 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.

A trader enrolled for a SkillCheck Program of $10,000 account size cannot enroll for more than ($50,000 max i.e., he can enroll for 5 * $10,000 to max $50,000) until he passes/breaches all phases and gets funded live. However, if a trader passes the SkillCheck program and is funded live, he can then be allowed to enroll for additional SkillCheck programs of up to $50,000 max and must pass all phases until live-funded.

At Willis Capital, a trader can only be scaled to $500,000 max because the firm provides live funding to traders in its programs, and this funding is capped at $10,000,000. The goal is to provide an equitable platform, giving every trader an equal opportunity to get funded.

Conclusion

With an emphasis on fostering a friendly environment and encouraging moral trading, Willis Capital is a proprietary trading firm that provides traders with capital and services. Even if the firm accepts traders from a variety of places, it is crucial to understand the Willis Capital Prop Firm Supported and Restricted Countries as well as the firm’s AML and sanctions compliance procedures. Willis Capital seeks to empower traders and ease their path to financial success by upholding these values and offering a venue for skill development.

Frequently Asked Questions

Why Does Willis Capital Prop Firm Restrict Certain Countries?

• Restrictions are primarily due to regulatory compliance issues and legal standards that prevent foreign financial services firms from operating within certain jurisdictions.

How Can I Verify If My Country Is Supported By Willis Capital Prop Firm?

• You can check your eligibility by visiting Willis Capital Prop Firm official website or reviewing their terms of service for the most current list of supported and restricted countries.

What Should I Do If My Country Is Restricted?

• If your country is on the restricted list, consider exploring other proprietary trading firms that may offer similar opportunities without geographical limitations.