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Wsot.com Review: Is Wsot Legit or Scam (Trade free and Earn Real Cash Rewards)

Wsot.com Review: Is Wsot Legit or Scam, what is wsot.com, Is WSOT.com legit or scam, How to trade on WSOT and make money

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Wsot Review | On this page, you are going to know weather if wsot.com legit or scam, you are going to know how wsot.com work, how to trade on wsot platform and how to win trading tournament on wsot platform.

Contents

What is Wsot.com?

Wsot is trading platform where you can trade without having money and win real cash. WSOT provide free and paid version to people to make money by trading on the WSOT trading platform. WSOT is a platform where you anyone can earn by playing free trading games with virtual money and get cash rewards for your trading performance. On WSOT.com you can trade for free and earn for real without losing anything.

If you are are beginner in trading, Wsot can also help you to learn fast and earn at the same time. Apart from earning money on Wsot trading tournament, you can win a prize of more than $3000 to $200,000 and more on Wsot every weekend.

How Wsot Trading Tournaments Work?

It is not as complicated as it seems – our trading tournaments happen on the MT5 trading platform, and to join them, you just have to create your user profile at WSOT.com. Once you do, you will receive your trading account credentials per mail, and with them, you can join a tournament of your choice.

The timer at the beginning of the tournament page will show you how much time there is left until the game begins or finishes. Once the game you have joined starts, your trading account will automatically get charged with $10,000 virtual funds which you can use for your trading.

WSOT.com Review – Is WSOT.com Legit or Scam

To cut the whole story short, WSOT is legit and not scam. On WSOT, you can play free trading games with virtual money and get real cash rewards for your trading performance. WSOT offers three membership levels which playtraders can enjoy depending on their needs and preferences. Naturally, all participants have an equal chance of winning a tournament prize regardless of their chosen membership level. However, by upgrading it, you can unlock more trading accounts, enter more trading tournaments simultaneously and enjoy additional benefits, which can improve your knowledge and playtrading performance. Currently, WSOT membership are split into three (3) which are below;

The free membership
Premium membership
VIP membership

WSOT free Membership

The WSOT free membership gives you access to one trading account and some limited content on the WSOT website.

WSOT Premium Membership

The SWOT premium gives you access to three trading accounts and unlocks more exclusive content on the WSOT website.

WSOT VIP Membership

The WSOT VIP membership unlocks six trading accounts and gives you unlimited access to all WSOT content.

To learn more about each membership level in detail and compare your playtrading options, please check the Membership section of your profile in the Personal Area upon signing in. Last but not least, if you choose to upgrade and change your mind, you can always downgrade accordingly and continue playing for free.

WSOT Account Registration

1. Goto the Wsot Registration page to create your account for free.

2. Enter your “email address“.

3. Set your “password“.

4. Give yourself “Nickname“.

5. Click on “Register“.

Then the next page will tell you to go to your email inbox to “Confirm” your account.

6. GOTO your email inbox and find the message, then click on “Confirm“.

That’s all on WSOT.com Sign Up! You’ve successfully create your wsot account, now the next step is to login to your swot account before you can start trading for free on Wsot.

How to make money on WSOT

To make money on the WSOT platform, all you need to do is to trade on the WSOT platform either through the WSOT free membership, premium or through the WSOT VIP membership (there’s no option you choose that you cannot earn money on) – RECOMMENDED: How to start trading on WSOT

WSOT FAQ

Below are the top frequently asked questions on WSOT.

Do paper trading tournaments involves real money?

You can rest assured that you do not invest or lose any real money in the WSOT free trading competitions. You playtrade with virtual funds, and you either win a prize or not.

However, only on WSOT, you can win real cash prizes, NFTs or funded accounts, depending on the tournament specifications. How cool is that?

How do I win a paper trading on wsot.com?

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At WSOT, you win a tournament based on the equity generated on your trading account (the current value of your portfolio, including all open positions) at the end of the competition.

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What Are the Rules About Closing Positions at the End of the Wsot Tournameent?

The positions of instruments outside working hours are not being closed at the end of the tournament. However, at the beginning of a tournament, positions of instruments that are not being closed during previous games or practice outside working hours will be deleted, not closed.

Can I Join the Same Tournament more than Once?

Absolutely not. You are not allowed to have more than one user profile registered on WSOT with one email address on your device. If you do so, our advanced security checks will detect that and your account might get banned.

If you want to get more trading accounts and join more games at the same time, you have to purchase one of our membership packages from your Personal area (user profile).

How can I Participate in WSOT’S Trading Tournaments?

It’s pretty simple – you should just create a user profile through our sign up form and get ready to show us what you’ve got on the trading arena!

How do I Create my User Profile at WSOT?

After registering through our sign-up form, you will receive a confirmation mail from us, which you should use to confirm your user profile and get ready to join the games.

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Is there any risk involved in WSOT trading tournaments?

No. You can rest assured that you do not lose any real money in our trading tournaments. You either win a prize or not. Cool, isn’t it?

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What is the difference between a Classic and Headhunts tournament?

Classic tournaments are playtrading events with a longer timeframe and big prizes that enable you to win qualification tokens and enter the Main Event. They do not have any tournament rounds and are suitable for players who want to compete for the grand cash prize and build their fame and career in the trading industry.

On the other hand, Headhunt tournaments are always available and start when enough players have registered for the tournament. They have a shorter time frame and allow you to compete in rounds on trading tables with a predefined player count. Headhunt tournaments are a great choice for winning immediate cash rewards, distributed after every round, and testing your skills in smaller groups.

Which trading platform or software are WSOT tournaments set up at?

Our trading tournaments happen on the MetaTrader 5 trading platform, and you can enter them through our website or add WSOT to your mobile device. Alternatively, you can install the Desktop, Android or iOS version of the MT5 software.

Does it make any difference if I use the web, Desktop or mobile versions of MT5 for my playtrading on WSOT?

While all three of them provide different UX characteristics, it makes no difference for us if you use any of them or even all of them at once. For your convenience, you can access the same trading account from several devices or platform types.

How do I use the MT5 trading platform?

If you are new to the MT5 environment, we have prepared guides that can help you learn how to navigate and use the trading platform on both Desktop and mobile – you can find MT5 tutorials on our Learn page.

Is WSOT Participation free?

Yes – signing up and creating your user profile will always be free at WSOT. You can also play, learn and practice for free, but with some limited functionalities, so we recommend you to learn more about our different membership levels and their unique access offerings.

What do I get with the different WSOT membership options?

WSOT offers three membership levels which playtraders can enjoy depending on their needs and preferences. Naturally, all participants have an equal chance of winning a tournament prize regardless of their chosen membership level. However, by upgrading it, you can unlock more trading accounts, enter more trading tournaments simultaneously and enjoy additional benefits, which can improve your knowledge and playtrading performance.

Currently, we offer the following membership levels:

Standard (free) – gives you access to one trading account and some limited content on the WSOT website
Premium ($11,99 a month) – gives you access to three trading accounts and unlocks more exclusive content on the WSOT website
VIP ($19,99 a month) – unlocks six trading accounts and gives you unlimited access to all WSOT content.

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What is the difference between my WSOT user profile and WSOT trading account?

Your user profile at WSOT is always one and the same. It contains your playtrading info as displayed in the tournament rankings, and verifying it allows you to withdraw your accumulated cash prizes.

On the other hand, your trading account is something completely different. It is linked to your MetaTrader5 access and allows you to playtrade on the platform. You can enter one tournament with one trading account, and having multiple trading accounts means that you can participate in several trading tournaments on MT5 during the same period of time.

You can view your existing trading accounts in the Playtrader info section of your profile in the Personal Area.

Can I participate in the same tournament with more than one trading account?

No. Otherwise, we won’t be able to calculate your result for the specific tournament and administer your prize if you win any.

Can I join multiple tournaments simultaneously?

Yes, but from a different trading account. If you wish to use the same trading account for another tournament, you should first finish the one you are in or leave it.

Can I join tournaments again once I leave it?

No, you won’t be able to do so. Please note that if you leave a tournament that has started before its completion, you will be disqualified and not be eligible for the tournament prize pool.

What happens if I go offline during a running tournament

Well, in that case, you won’t be able to receive updates about the status of the tournament round and your existing trades and orders. You also won’t be able to execute new ones while you are offline. But don’t worry, we got you covered – we will store all your trades and orders in real-time on our servers, so going offline will not make you lose your place in a tournament or harm your performance in any way.

Can I join the same tournament more once?

No. Leaving a tournament and rejoining it later on is not possible. Also, it is not possible to create multiple user profiles to maximize your chances of winning a tournament. We have applied advanced security checks that ensure every playtrader has equal chances of winning as everyone else.

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What are my chance to win at WSOT?

Same as everybody else’s! It’s really up to your trading performance and winning skills, and it has nothing to do with how much money you have in your trading account. The idea is that the best player gets the gold without risking his assets. Everybody has the democratic chance to become a champion if he’s passionate about trading and enjoys stimulating competition.

What is Profit Per Million (PPM) and how do we calculate Trade of the Day results?

Due to the different traded instruments and volumes of the many trades in WSOT, we decided to use this unique parameter that makes any trades comparable with each other by adjusting the result as if 1 million was traded.

Can I take part in a tournament if I’m only a beginner in trading?

Of course! What’s a better way to fine-tune your trading skills without risking your money? Any experience level, skills, age, nationality and gender are welcome at WSOT. We have different tournaments fit for almost all trading profiles, and we are gradually expanding our offering. We firmly believe that everybody must have an equal chance to win and improve themselves, so we can continue to democratise trading forever!

Do WSOT offer any free educational trading courses?

Yes, we do! We have a library of video courses, platform tutorials and trading ebooks which you can enjoy on our Learn page. Additionally, on our News page, you can stay up to date with current news and events, or view our live Economic calendar to get wind of the latest industry developments.

Most of those resources are for free but keep in mind that you might be required to log in to access certain educational and training materials, depending on the benefits included in your respective membership level.

How do I receive my WSOT prizes?

You will be able to see your accumulated prizes in your Personal area, and you can withdraw them after verifying your user profile.

Can I use automated trading solutions or third party indicators at WSOT?

Unless it contradicts the WSOT Terms of Service or specific tournament rules, you can use additional indicators, third party analytical software or EAs within MT5.

How do I qualify for the WSOT Main Event?

Any playtrader who has won a qualification token from participating in a Classic tournament or a wildcard owner can join the Main Event and compete in the WSOT Finals. For more information, please check our Qualification rules here

What is a Wildcard on WSOT?

The Wildcard gives you a unique bonus chance to compete in the annual Main Event, no matter if you have won a tournament or not. The Wildcard is awarded by our tournament sponsors and is selected on a random basis during the Wildcard draw prior to the Main Event. We may also award wildcards to selected players that have not won a Classic tournament but have shown exceptional performance and deserve another shot at the stars.

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Do Headhunt tournament winners qualify for the Main Event?

No, but they participate in the Wildcard draw prior to the Main Event and can win a qualification token that will allow them to join it.

What happens if I win the annual Main Event?

Besides the grand prize, the winner receives the only true World Series of Trading Champion’s title, and a special dedicated place in our Pro-Series & Hall of Fame as an influencer. The Champion gets additional benefits, including international press coverage, free event invitations, media & partnership deals, membership discounts, and more. They will be disclosed to the winner personally once he claims his victory, as they depend on the specific time and schedule of respective events & media sessions at the time of his win.

How can I change the password of my WSOT user profile?

You can change the password of your user profile in the Playtrader info section of your profile in your Personal Area.

How can I change the password of my WSOT MT5 trading account?

You can also change your trading account password from the Playtrader info section of your profile in your Personal Area, by clicking on the Request new pass button under your trading account.