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Torque Trading Review – From Failed Trading Bot To Crypto Ponzi Scam

Welcome to my Torque Trading Review. Sometimes when I research a new ponzi scam I find footsteps on the internet that show an interesting history of evolution. It all starts with one goal, come up a crypto idea that sounds good on “paper”. If it sounds good, then you should be able to get crypto investors to fund you. If it sounds profitable, then you will be able to attract investors. However “sounding” profitable is a lot easier than actually “being” profitable. At some point you need to pay big returns to match the hype that you create.

You see, there are a lot of scammy cowboys in crypto at the moment and it will remain that way for quite a few years. You will continue to see all manner of “hot air” being pushed as some sort of liife changing opportunity to amass a fortune in a short time. This includes everything from failed ICOs to failed trading bots and everything in between. Sometimes after a series of failures, a company will revert back to one of the most consistent money making scams in history…the ponzi scam. Ponzis always attract money. The cowboys sometimes go through a trial and error process before giving up completely on trying to be legitimate. Legit returns are too hard to achieve and investors find them to be underwhelming. Fantastic returns are what is needed if you want to really take off!

Torque Trading are one of these companies. Headed up by Singaporean, Bernard Ong. I have been able to trace Bernard back to a suspicious looking company called Snap Innovations and a failed ICO called I am more interested in talking about Snap Innovations because they have a similar trajectory to collapsed ponzi, Cloud Token. Cloud Token was a full blown ponzi, which only came about after their real trading bot failed to make money. Once they realized that people would not care about a trading bot that didn’t work, they just faked everything which people were much more excited about. Similarly Snap Innovations initially tried to create a real trading bot that did real trading. I decided to see if I could find any inside info about this trading bot, because I suspected that it would have been a complete flop. Amongst all the fake reviews on glass door, I managed to find a genuine review of Snap Innovations, which I found was quite revealing.

Third Time Is A Charm

So they had the scammy ICO in 2018. That took in lots of funds but has now been abandoned. Then they create a crappy trading bot which looks to be unsellable. Finally they create a crypto ponzi around the idea of the trading bot being successful. Why not just fake the trading returns to attract excited investors!? Then all they have to do is pay existing investors out of the funds of new investors…for a few months at least until the whole thing collapses like Cloud Token.

Torque Trading Review – Summary

Key Figures: Bernard Ong

Product Type:ย Crypto MLM Ponzi.

Summary: To earn you must invest and maintain a minimum balance of least 1 Ethereum. Your capital is not locked away and you can withdraw at any time. You can expect to earn from 0.15% TO 0.45% per day which is up to 164% per year.

It is a ponzi, but should last 6 months before running into trouble.

See The Comp Plan Here.

Being based in Singapore increases the risk of regulatory action which could make Torque Trading collapse even faster. Singapore has a highly functional legal system.

Rating:ย F

Verdict:ย If you like quick cash, you might like this. After 3 months this program will be very high risk.Quick Navigation

What Is Torque Trading?

Ponzi scams attract investors by paying very high return on investment. In the competetion for market share some ponzis started to offer more and more. It was as though the highest returns attracted the most money. As it turns out, offering the highest returns causes the scheme to collapse much quicker. As a result being the highest paying program is now not required. People seem to have learned that anything over 200% per year will collapse very fast. The newer types of ponzi offer under 200% and aim to last at least 6 months. This is very much how Torque Trading is positioned. Not the highest paying, but should last longer than most crypto ponzi scams. One thing you need to be aware of is that:

Torque Trading Are Doing ZERO Trading!

Investment Packages

Investors must maintain a balance of 1 Ethereum at all times. All ROI is paid out in Torque Tokens. The value of Torque is completely controlled by the Torque company. Whatever value it has is made up. Torque is centralized. If Torque was decentralized and on real exchanges, you would see that the real value of Torque Tokens is close to zero. The reason to pay investors in Torque will become apparent when withdrawal requests surpass deposits. The Torque CEO will simply let the Torque Token price plummet and let everyone withdraw a tiny fraction of what they were worth. The company keeps most of the Eth and BTC. Make sure you are not left holding bags of Torque!

ROI Returnsย 

Investors will receive daily returns (paid in Torque of course) of between ) 0.15 and 0.45%

Compensation Plan

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Referral Returns And Ranks

Ranks Investor Agent Market Leader Regional Leader Global Leader
Rank Requirement NA 1 Investor 7 Agents 7 Market Leaders
7 Regional Leaders
Level 1 ROI Match NA 33% 33% 33% 33%
Level 2 ROI Match NA 16% 16% 16% 16%
Level 3 ROI Match NA 16% 16% 16% 16%
Level 4 ROI Match NA 10% 10% 10% 10%
Level 5 ROI Match NA 10% 10% 10% 10%
Level 6 ROI Match NA 6% 6% 6% 6%
Level 7 ROI Match NA 6% 6% 6% 6%
Bonus ROI Match 16% 16% 16%
Bonus ROI Match 8% 8%

What I Like About Torque Trading

Reasonable Stability (ie 6 Months)

I know that many of you like to invest in these things, so I will try and be positive.

The one good thing is that this type of ponzi is pretty stable. I feel quite confident that Torque Trading will continue paying for at least 6 months. That gives you enough time to do some team building as well. Now I know it sounds weird saying that lasting 6 months is a good thing. It’s just that with ponzis’ some will dissappear in weeks. At least Torque Trading seems unlikely to exit scam that early.

Referral Returns Are Good But Not Too Good!

Some ponzis pay out a high percentage of capital invested back to investors. This is a lot of money to pay out immediately and will cause instability in the program. These days you need to pay referrers a percentage of the ROI not a percentage of the capital amount. This keeps funds locked up in the scheme and helps with longevity.

What I dislike about Torque Trading

Ponzi Bullshit

The main reason that I don’t join these programs is that I could not tell people that Torque makes money with their “proprietary trading system”. Well I couldn’t do it with a straight face. I feel like only a a truly special individual would actually believe it. I am well aware that all of the promoters know what is really going on…but do we need to tell lies to the downline.

I would be much more likely to join something called Ponzi Scheme, which admitted that it was a complete scam. I will never understand how promoters can keep up the charade for 6 months.

The Real Deal With Torque Trading

A ponzi that should be stable enough to last 6 months.


Not really something I want to be involved with….I give it a F.


Julian Leahy

The Prelaunch Inspector

How I Make A Living

I have developed a strategy using a legitimate affiliate program that allows me to hangout at home with the kids all day.


  1. Callen

    You posted this on Oct 2019 and base on what you say 6 months later Torque will collapse and Ponzi like cloud token. Shall we check on this May 2020 and see if youโ€™re right Julian?

    • Steph

      May or may not collapse in 6 months – I mean if they can enough suckers in they can stick around longer. But I’m certain they can’t last forever, and the end for them will be ugly. Some of my family relatives (typical hardworking mom and pop) were approached by these people, and it’s truly unfortunate that the Singapore regulatory authorities are not clamping down hard on them.

    • Leo

      Zane, if you are with Torque Trading, can company or you pls provide record of completed trades, it’s weekly, monthly trade profits. If Torque can consistently profit, why need an MLM structure, a taboo that most people shun away. Instead, adjust/move that 40% referral profits to give more to investors profits , more than the current 40%.what do u think ?

  2. Oj Jordan

    A good ponzi can actually go on for up to 3 years. Take Future Ad Pro as example or Onecoin.
    Even if Torque is still around in May, that doesn’t mean it’s legit.
    Take your money out of there and save your ass.

  3. truler

    According to this com plan, about 10% per month, it will survive estimated 12 months. if profit slowly adjust down, can survive longer.
    According to the market, arbitrage trading impossible to exceed 10% profit/month. somemore they need to pay worker and marketing.
    now is May, if 40% of the company’s people quit confirm will collapse.
    We see they transfer all coin to exchange, but we cannot see whether they are profitable.
    Mostly people think company paying out is mean real or legit, but ponzi always do the trick.
    just like plustoken or cloud token, they showing their “tradeโ€œ in exchange and VIP ranking, but actually that account is rent from other.
    this company will not last more than 18 months unless the profit adjust to 2%.

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