What Is Torque Trading? A Collapsed Crypto Ponzi Scheme!

Torque Trading claims to be an investment MLM company, promising ROI via their trading system, but underneath the hype and fluff of their claims is a mountain of lies. 

The landing page doesn’t mention who owns or runs the company. We only know that the website was registered on July 2019, so it’s relatively new so to speak. 

But through some digging around, we found out that the person behind the website is someone named Bernard Ong. Contrary to most Ponzi schemes, Ong is a real person. 

Before Torque Trading, he was involved with Snap innovation and launched his own ICO called gamo.io. Both of the companies didn’t do so well and fell apart years after. 

These businesses also used the same business model that Cloud Token used, which now has a fraud warning in Canada. 

Torque Trading Product Line

Torque Trading does not offer retail products or services. This is a red flag because MLM companies are required to have products or services as part of their compensation plan. 

The only thing they have to offer is membership into their income opportunity.

Does The Product Work?

Torque Trading claims that they generate member ROI through their “proprietary trading systems and techniques”. Because they offering passive returns, it constitutes securities offering. And they need to be registered with the financial regulatory agencies to be able to carry out these transactions.

Unfortunately for Torque Trading, they are not registered. This means they’re committing securities fraud on top of operating a Ponzi scheme. This could land you some serious jail time if you get caught promoting this program and making money from other people. 

Like all Ponzi schemes, the only verifiable source of income is through new member investments. This is done when you invite people into the program. This means that recruitment is the name of the game here. When you don’t recruit, you don’t make any money. 

To make their program even more worthless, your ETH investment is converted into TORQ, which is the token that Torque Trading uses to pay out their members. When you withdraw your funds, you get TORQ tokens which are useless outside of Torque Trading and have no value in the public market. 

The supply and demand of the TORQ tokens are arbitrary because Torque Trading will generate the tokens and dictate how much they’re worth. 

Months after Torque Trading was established, they were on the verge of a collapse had it not been for a merger with another Ponzi scheme called Exxa Wallet. This is World Blockchain Forum’s crypto Ponzi scheme.

There’s only one way to make money from Torque Trading and that’s through new member investments. You have to recruit people to get them to invest and make your money back.

How To Get Started with Torque Trading?

Torque Trading’s membership into their income opportunity is tied to a 1 ETH investment. There’s no mention of how much the maximum investment is.

Torque Trading Compensation Plan

Torque Trading members invest 1 ETH on the promise of an advertised 0.15% to 0.45% daily ROI. 

All returns are paid out in TORQ tokens, which are useless. 

In order to continue earning, you need to reinvest your funds. 

Referral Commissions

Torque Trading follows a unilevel compensation structure for their referral commissions. 

All your direct recruits are placed under you and labeled as your level 1. Any recruits your level 1 acquire are placed under them and labeled as your level 2. 

These commissions are paid out on seven levels as follows:

1. recruit one member = 33% referral commission on level 1 (personally recruited members)
2. recruit two members = 33% on level 1 and 16% on level 2
3. recruit three members = 33% on level 1 and 16% on levels 2 and 3
4. recruit four members = 33% on level 1, 16% on levels 2 and 3 and 10% on level 4
5. recruit five members = 33% on level 1, 16% on levels 2 and 3 and 10% on levels 4 and 5
6. recruit six members = 33% on level 1, 16% on levels 2 and 3, 10% on levels 4 and 5 and 6% on level 6
7. recruit seven members = 33% on level 1, 16% on levels 2 and 3, 10% on levels 4 and 5 and 6% on levels 6 and 7

Recruiting more members will also affect your rank and earning potential. The more you recruit, the higher your rank and the more money you make.

#1 Pure Ponzi Scheme!

Obviously, the name of the game is recruitment. You have to get people to join the program in order to make money here. 

They promise passive income but have no proof that they’re generating income outside of member recruitment. This is the biggest red flag of them all. 

You could also land some serious jail time if you get caught promoting this program and making money from people. 

#2 Worthless Tokens!

The tokens that Torque Trading is marketing and generating are absolutely worthless. They’re only for the company use and to make it difficult for people to withdraw their funds. 

If you cash out, your funds are converted into the tokens so you’re forced to reinvest the tokens regardless. 

You’re never going to get your money out. 

#3 Company Is Shut Down!

As of February 2021, the company has allegedly shut down and some prominent members have already disappeared (conveniently) during the exit. Ong has already restricted membership withdrawals, signaling the exit and the collapse of the company.

We have reason to believe that we’ll be seeing Ong again real soon with some new Ponzi scheme.

Torque Trading is a BS Ponzi scheme, so there’s just nothing to like about the damned thing. 

Torque Trading is a Ponzi scheme that commits securities fraud at the same time. You could land some serious jail time promoting this company and more. But don’t worry, word on the street is that this company’s collapsed. 

The program’s compensation plan revolves around recruiting new people into the program. If you don’t recruit people, you’re not going to make any money. 

We don’t know the extent of their damage to other people because they’ve been around for a year and a half. All that we know is that we’ll be seeing more of them real soon.

I'm not a fan of MLM, not because it's illegal or not profitable, but because of all the restrictions and the expensive costs involved.

Instead, Affiliate Marketing is my top recommended business model for anyone to make money online.

The reason is simple...

• You don't have to recruit anyone to make money
• You have the freedom to promote any products you want and not being restricted to only promote the products from one MLM company
• It's Free to get started

In fact, with affiliate marketing...