T
Torque SuperWallet
N/A
Founded in
2019 (7 Years)
Founded
Last online: No recent activity
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OVERALL SCORE
Licenses
--/40
Reviews
25/60
2 reviews
Provided by TrustFinance
OVERALL SCORE
Licenses
--/40
Reviews
25/60
2 reviews
Provided by TrustFinance
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Security Information
Warning
This company is currently Unproved.
Please be cautious of the potential risks!
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.
Company Information
Get to know Torque SuperWallet
Company Information
Get to know Torque SuperWallet
Torque SuperWallet, operated by Torque Trading Systems, was an online platform launched around 2019 that claimed to generate profits for users through automated AI-powered arbitrage trading of cryptocurrencies. Users would deposit funds (like Bitcoin, Ethereum, etc.) into the "SuperWallet," and the company promised daily returns of 0.15% to 0.45%. The platform gained significant popularity, particularly in Southeast Asia. However, it abruptly collapsed in February 2021, with the company claiming an employee had conducted unauthorized trading, leading to massive losses. The platform's CEO, Bernard Ong, disappeared before being arrested by Singaporean authorities in 2022 in connection with the widespread fraud allegations. The platform is widely considered to have been a Ponzi scheme.
Industry
- Crypto BrokerPRIMARY
- Crypto Cryptocurrency
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Social
Reviews
Highlight Review
Review Analytic
Imrana Haruna
Direct
Excellent
Overall Thought
"Using Torque SuperWallet has been an absolute game-changer for me in the crypto world. The seamless interface and top-notch security features truly reflect their commitment to user satisfaction. Managing my digital assets has never been easier, thanks to their intuitive design and lightning-fast transactions. The innovative staking options have allowed me to earn rewards effortlessly. I can confidently say that Torque SuperWallet has elevated my crypto experience to new heights, making it my go-to choice for all things crypto."
Aug 31, 2023
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