Be Careful of Torque Trading Systems and Its TORQ Token Ponzi Scheme


  • Torque Trading Systems only brings in funding through the sign up of new affiliates.
  • Affiliates can get a percentage of the profits by recruiting others, paying out through a unilevel compensation structure.

Torque Trading Systems registered their website domain (torque.asia) on July 25th of this year, but a recent article by BehindMLM has found many holes in their claims and promises. However, the prominent issue that they found upon even entering the website is that there’s no information about who runs or owns the business, which the website states is a matter to “think long and hard about” if anyone chooses to invest.

The only owner information provided is that Torque Group Holdings is in charge, though there’s an incomplete address provided in the British Virgin Islands. Making matters more worrisome, the British Virgin Islands are well-known for their lack of regulation, which allows many scams to be successful.

When it comes to making money with Torque Trading Systems, there’s no product or service specifically. Instead, consumers are invited to act as an affiliate, adding more affiliates beneath them to earn through a referral commissions downline investment setup, using an unilevel compensation structure. However, the company asks affiliates to invest 1 ETH to get started, promising that there will be 0.15% to 0.45% in a daily return-on-investment (ROI).

With a uni-level compensation structure, the affiliate is the head of a team, and every person that they recruit goes directly beneath them, creating level one. As their affiliates recruit others, those individuals become the second level beneath the original affiliate. This is quite literally how a pyramid scheme works.

The affiliate levels for Torque Trading Systems allow the primary affiliate to collect from up to seven levels below them. The first-level affiliates allow the user to collect 33% on the referral commission, with levels 2 and 3 bringing in 16%. At levels 4 and 5, the referral commission is 10%, dropping to 6% at the seventh level. To get a membership, consumers must contribute 1 ETH upon sign up.

Though there is little explanation further, Torque Trading System says that “proprietary trading systems and techniques” are used to create their external ROI revenue. Any passive returns offered by this type of program is considered a securities offering, and Torque Trading System has yet to register to provide these offerings in any jurisdiction around the world, suggesting that they are involved in securities fraud.

Right now, the only type of revenue that is clearly entering the Torque Trading Systems platform is a new investment, accepted when a new affiliate member gets involved. By using new investments to pay the investors already involved, Torque Trading Systems is essentially considered a Ponzi scheme, according to Behind MLM. As memberships dwindle, the ROI revenue for Torque Trading Systems will die down as well, causing a collapse of the company, and investors will lose on their investment.

Though Torque Trading Systems offers the TORQ token, it can’t be publicly traded, and there’s no demand for them. Once the money runs out on the original affiliate membership payments, the company will be forced to refuse any more withdrawals, leaving consumers with useless digital assets.

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