Welcome to my Torque Trading Systems review.
One of the things that I am going to take a look at is to see if the Torque Trading opportunity is a scam or not.
We wouldn’t want to join a company that can get shut down in a few months due to non-compliance issues or bad decision-making by the owner.
I am going to take the time to research and review the information about the company, the products, and the compensation plan to see how everything works.
At the end of my articles, I will give you my final thoughts, rating, and recommendation.
I decided to take a closer look at this company due to some social interest I saw online.
With that said, let’s dig in and see what we can learn about it.
Feb. 2021 – Torque Trading Shuts Down!
There was an email that was sent to the Torque Trading investors.
Bernard Ong (the CEO) claims that one of the employees made some very bad trades, here is what was said…
discovered significant trading losses against Torque’s open positions with crypto exchanges.
It appears that one of our employees has placed heavily leveraged trades, in violation of our internal rules.
The CEO is blaming an employee of Toque Trading and not taking responsibility.
There was no evidence or proof that there was legitimate trading happening and what many believed was that the only profit that was being made was when new investors joined the company.
When recruiting slows down, the profits that are supposed to go out to their investors shrink and that is when a collapse happens with these types of programs.
I am deeply sorry for anyone that lost money with Torque Trading!
The email ends with this statement:
In line with suspension of all trading activity pending this investigation, we have suspended all wallet functionality (deposits, rewards, withdrawals, reallocation) until further notice.
What Is Torque Trading Systems? Review Intro
After taking a look at all of the information that I gathered, Torque Trading Systems is a company that has an MLM business model along with a promised ROI that you can earn from their “trading” platform.
According to their website, your investment will be used and put into a pool where the funds are then traded to earn profit along with other methods like arbitrage which is supposedly funding and maintaining the ROI that the company promises.
The niche that I would consider the company to be in is the investment MLM niche.
Company Overview
When taking a look at any MLM company, we like to see who the owner is so that we can look at their background and the experience they have.
This will give us a better idea about what type of person they are and if they have a shaky past of prior ventures which would let me know to stay away.
When taking a look at the company website, we found that Bernard Ong is behind the company, but not sure what his title is.
He first started with a company called Snap Innovation and then launched an ICO called gamo.io.
These 2 companies didn’t do very well in terms of business and staying afloat which led the 2 companies to fall apart and close.
The companies used a business model that was very similar to some current companies like Cloud Token that now has a fraud warning in Canada.
The owner decided to change to a trading bot model for their business model which is similar to other companies that are also in violation of some countries.
This is all of the information that I have about the company, let’s continue.
Another great review: CryptScalper Review – Scam? Compensation Plan Exposed
What Products Does Torque Trading Systems Offer?
In this section of my review, I am going to take a look at the products that Torque Trading offers.
When you are operating an MLM company in the United States and a few other countries, you need to offer retail products for the business model to be in compliance with the law.
Unfortunately, I was unable to find any retail products or services that the company offers.
It looks like the only thing that you can do is become an investing affiliate member for the company and refer others to earn additional money along with the promised ROI that they offer.
That is all of the information that I have about the products that the company offers, let’s continue.
Another great review: Dacxi Review – Scam or Legit? Compensation Plan Exposed
How Does The Torque Trading Compensation Plan Work?
In this section of the review, I am going to cover the information on how the compensation plan works, and how you can make money with the Torque Trading Systems opportunity.
There are 2 ways that the company pays commissions with the opportunity they offer which are:
- ROI Commissions
- Referral Commissions
Getting Started and Daily ROI Numbers
In order to participate and earn with the opportunity that the company offers, you will need to invest 1 Ethereum coin.
After you invest your 1 Ethereum coin, the company promises a daily return between 0.15% to 0.45%.
Torque Trading Ranks Qualifications and ROI
In order to earn more of a percentage of the returns of your downline members, you will need to increase your rank.
In order to earn ROI commissions from your downline, you will need to recruit at least 1 investing affiliate member to the program.
Here is a breakdown of the ranks and how to qualify for each one:
- Investor Rank – This is the rank you get when you invest 1 Ethereum.
- Agent Rank – In order to qualify for this rank, you will need to recruit 1 investing member.
- Market Rank – In order to qualify for this rank, you will need to recruit 7 Agent ranked members.
- Regional Leader Rank – In order to qualify for this rank, you will need to recruit 7 Market Leader ranked members.
- Global Leader Rank – In order to qualify for this rank, you will need to recruit 7 Regional Leader ranked members.
I’m not sure the qualifying requirement of 7 ranked members will need to personally recruited or from your downline, this information wasn’t specific on the website.
Referral ROI Bonus Commissions
As I mentioned before, as a ranked Agent member, you are not qualified to earn from your referral or downline ROI commissions.
The commissions that you will earn from this bonus uses the MLM unilevel compensation plan structure.
For those that are not familiar with how the unilevel compensation plan structure works, here is a quick breakdown:
- 1st Level – The first level of your unilevel compensation plan will only have your personally recruited members on it.
- 2nd Level – The second level of your unilevel compensation plan will only have team members that your level 1 members personally recruited on it.
- 3rd Level – The third level of your unilevel compensation plan will only have team members that your level 2 members personally recruited on it.
- and so on…
Hopefully, this quick explanation helps those that were unfamiliar with the unilevel compensation plan understand it better.
With that said, affiliate members earn commissions from the returns that the company pays your downline.
Now, depending on your rank in the company will determine your commission percentage and how many levels you earn on in your unilevel compensation plan.
There are a total of 9 levels that you can earn from.
Here is a breakdown of how that works:
- Level 1 – On this level, Agent ranked members earn 33%, Market ranked members earn 33%, Regional Leader ranked members earn 33%, and Global Leader ranked members earn 33% from your personally recruited member’s returns.
- Level 2 – On this level, Agent ranked members earn 16%, Market Leader ranked members earn 16%, Regional Leader ranked members earn 16%, and Global Leader ranked members earn 16% from your team’s returns.
- Level 3 – On this level, Agent ranked members earn 16%, Market Leader ranked members earn 16%, Regional Leader ranked members earn 16%, and Global Leader ranked members earn 16% from your team’s returns.
- Level 4 – On this level, Agent ranked members earn 10%, Market Leader ranked members earn 10%, Regional Leader ranked members earn 10%, and Global Leader ranked members earn 10% from your team’s returns.
- Level 5 – On this level, Agent ranked members earn 10%, Market Leader ranked members earn 10%, Regional Leader ranked members earn 10%, and Global Leader ranked members earn 10% from your team’s returns.
- Level 6 – On this level, Agent ranked members earn 6%, Market Leader ranked members earn 6%, Regional Leader ranked members earn 6%, and Global Leader ranked members earn 6% from your team’s returns.
- Level 7 – On this level, Agent ranked members earn 6%, Market Leader ranked members earn 6%, Regional Leader ranked members earn 6%, and Global Leader ranked members earn 6% from your team’s returns.
- Level 9 – On this level, only Market Leader ranked members earn 16%, Regional Leader ranked members earn 16%, and Global Leader ranked members earn 16% from your team’s returns.
- Level 10 – On this level, only Regional Leader ranked members earn 8%, and Global Leader ranked members earn 8% from your team’s returns.
That is all of the information that I have on how the compensation plan works, and how you can make money with the Torque Trading opportunity, let’s continue.
Another great review: Elysium Network Review – Scam or Legit? Compensation Plan Breakdown
My Torque Trading Systems Q and A Section
In this section of the review, I am going to answer some of the questions that people may have when thinking of joining the Torque Trading Systems opportunity.
Is Torque Trading BBB Accredited?
No, Torque Trading Systems is not accredited with the Better Busines Bureau at this time.
This is not a factor for a company being a scam, it just means that the company is not listed with the BBB.
There also have been a ton of long-running companies that are not listed with the BBB that are 100% in compliance and legitimate.
This is why I look at all of the research and information to give my final rating and recommendation rather than rely on any one source.
What’s The Cost To Join Torque Trading?
The minimum cost to participate in the opportunity that Torque Trading offers and make money will be 1 Ethereum coin.
This will earn you a promised daily return that I explained in the compensation plan section of this review.
All of the commissions are also paid out in Torque Coins which has no value outside of the company.
The value of the internal Torque Coin that the company provides is determined by the company.
With that said, let’s answer the question that many of you have which is…
Is Torque Trading a Scam or Legitimate Opportunity?
In my opinion, yes, Torque Trading Systems is a scam, this is why they collapsed and shut down in early Feb. 2020.
There are a lot of these cryptocurrency trading companies out there where they have a token that has no value outside of the company, and say the value is determined by the mining and other things they do to earn profits each month.
The issue is that there is no proof that the company can provide that they are actually earning any legitimate profit from anywhere.
Another thing is that any company that promises a return needs to be registered with the SEC in all countries that they are doing business in.
This is another document that cannot be found.
There are a couple of more issues that I found, but those 2 are the biggest ones that should cause you concern.
With that said, let’s finish up.
More related articles: MLM Reviews, Scams, and Compensation Plans
My Final Torque Trading Review and Thoughts
In the final section of my review, I am going to share my final rating and thoughts about the Torque Trading opportunity as a whole.
I have taken the time to research and review the information about the company, the products, and the compensation plan.
I have also shared my concerns when it comes to whether or not I think Torque Trading is a scam or not.
At this point, you should have a good idea about what the company is, how it works, what they offer, and how you can make money with it.
But here is the question…
Do I recommend Joining The Torque Trading Opportunity?
No, I don’t recommend joining this company due to the serious issues that I found above.
Update: The company played the “exit game” and shut down in early Feb. 2021.
With that said, I hope you enjoyed my Torque Trading Systems review.
If you found this review helpful, make sure to click on the social share buttons on this page to share it with others so that people can learn how Torque Trading really works.
Thank you for your support!
Still earning with Torque trading.