1. What SOT Sovereign is
1.1 SOT Sovereign is an invitation-only recognition & referral programme for existing SOT clients ("Members").
1.2 Members are rewarded when people they personally introduce become paying SOT clients.
1.3 Sovereign cards (Sovereign, Jacaranda, Evergreen, Clean Slate & Gold) are virtual membership cards. They are not payment cards, carry no monetary value & cannot be exchanged for cash.
2. Season
2.1 The current season, the 13th Cheque, runs from 1 November 2026 to 31 January 2027.
2.2 Founding week ends on Friday 20 November 2026.
2.3 Levels are counted cumulatively over the season & reset when a new season starts.
3. Who may take part
3.1 Existing SOT clients aged 18 or older who receive an invitation.
3.2 SOT employees & contractors may receive Sovereign cards but are excluded from referral rewards, as separate arrangements apply to them.
4. Making an introduction
4.1 Introduce someone by sharing their name & mobile number with SOT (via WhatsApp, the introduction form or your personal link).
4.2 You must have the person's permission before sharing their details. SOT will contact them personally & will record their consent on the first call. Anyone who declines will not be contacted again.
4.3 First registration wins. If two Members introduce the same person, the introduction recorded first in SOT's CRM counts.
4.4 People who were already in SOT's CRM before your introduction do not qualify.
4.5 Self-introductions, introductions of existing clients & any form of unsolicited bulk messaging (spam) are not permitted.
5. Qualifying sign-ups
5.1 An introduction qualifies when the person purchases an SOT membership or product & the payment has cleared.
5.2 If a payment is refunded, reversed or charged back, the related reward is cancelled or deducted from future rewards.
6. Levels & rewards
| Level | Card | Qualifying sign-ups in the season | Reward |
|---|---|---|---|
| Invited | Sovereign | 0 | Club membership |
| 1. Road Trip | Jacaranda | 1 | 15% commission |
| 2. Festive Table | Evergreen | 3 | 15% commission & one $5,000 Prop Firm Evaluation (simulated) |
| 3. January Sorted | Clean Slate | 8 | 20% commission & one further $5,000 Prop Firm Evaluation (simulated) |
| 4. The 13th Cheque | Gold | 15 | 25% commission, one further $5,000 Prop Firm Evaluation (simulated) & an exclusive member benefit |
6.1 Commission is calculated on the amount actually received by SOT from the qualifying sign-up, excluding VAT where applicable.
6.2 A commission rate applies to qualifying payments received from the date the level is reached. Earlier payments are not recalculated.
6.3 A Member's card reflects the highest level reached in the season & is never downgraded during that season.
7. Payment of commission
7.1 Commission is recorded once the referred client's payment has cleared & is paid by EFT within 7 days after that payment has cleared, into a South African bank account in the Member's own name.
7.1A Where a payment is made in instalments, commission is paid on each instalment within 7 days after that instalment has cleared.
7.2 Commission is shown in US$ & converted to rand at a fixed rate of R16.50 per US$1. SOT may revise this rate for future payments with prior written notice.
7.3 Members are responsible for their own tax obligations. Commission may constitute taxable income.
8. Prop Firm Evaluations
8.1 Prop Firm Evaluations are simulated & provided through SOT's evaluation partner, subject to that partner's evaluation rules & terms.
8.2 A Member who passes an evaluation receives a $5,000 simulated funded account, with a real payout of 50% of simulated profits, strictly in accordance with the evaluation terms.
8.3 Evaluations are personal, non-transferable & have no cash alternative.
9. Exclusive member benefit
9.1 The exclusive member benefit for the Gold level relates to a future SOT offering ("JR"). It becomes available only if & when that offering launches, subject to availability & applicable regulatory requirements. SOT does not guarantee a launch date or specific terms.
10. Fair play
10.1 SOT may withhold or cancel rewards & remove a Member from the programme in cases of fraud, misrepresentation, spam, pressure selling or any breach of these terms.
10.2 Members must not make income, profit or trading-performance claims when introducing SOT.
11. Privacy
11.1 SOT processes personal information in accordance with the Protection of Personal Information Act 4 of 2013 (POPIA), only to administer the programme & contact introduced persons who have given permission.
12. Changes & termination
12.1 SOT may amend or end the programme or a season with written notice. Rewards earned before the change remain payable.
13. Important notice
Smart Online Trader & its employees are not licensed Financial Services Providers (FSPs). SOT provides educational content only. Nothing in this programme constitutes financial or investment advice. Trading involves risk.
14. Governing law & contact
These terms are governed by the laws of the Republic of South Africa.
Questions: helpme@smartonlinetrader.com | WhatsApp +27 60 019 0245