What Is 1 Click Trading About?
The MLM industry is often a slippery slope especially if you’re considering signing up to a Cryptocurrency program. Some of them are covert in their operations, whereas others don’t even try too hard to disguise the pyramid schemes that they’re running. Most even look genuine at first glance.
The crux of the matter is that these programs are often confusing to understand and most new comers will sign up not knowing that they are about to be scammed.
In today’s review, I’ll be looking at a program named 1 Click Trading, which exploits the naivety of its members to make a quick buck.
The fact that you’ve taken a moment to scrutinize this product before signing up should be applauded. You’ve done yourself a huge favour. Your due diligence will save you from potentially wasting your time and money.
A good bit of research always goes a long way in the fight against online scams. Creating a sustainable full-time online business is not difficult. You just need to know where to look.
Before we proceed I’d like to let you know that I’m not linked to 1 Click Trading in any sort of way and I’m not trying to sell you this product.
Instead, I’d like to show you what this program is trying to hide from you…
1 Click Trading Product Review
- Name of Product: 1 Click Trading
- Owner: Richard Hornshaw and Doyle Shuler
- Type of Product: Cryptocurrency MLM Income Opportunity
- Cost of Product: $99 per month (transferred into Bitcoin)
- Who Is This Product Best For? NOBODY
1 Click Trading Product Summary
1 Click Trading is an unsavoury cryptocurrency program in the multi-level marketing industry. The founders have a bad history of instigating several pyramid schemes. This platform is on the brink of following the same path. The earning incentives are built on a system that points towards a pyramid scheme.
Product Rating: 30/100
Would I Recommend This Product? Hell No!
1 Click Trading Explained
1 Click Trading is an MLM program that specializes in cryptocurrency. The product is owned by Richard Hornshaw and Doyle Shuler. These 2 guys have built quite the reputation for themselves when it comes to MLM businesses. Today, we’ll be finding out whether their income opportunity can be trusted.
Between 2010 and 2011, Doyle marketed products that focused on gold, which included programs like ISN Coins and Preservation of Wealth. The former was set up to be an affiliate auto-ship recruitment program, whereas, the latter was blatantly a pyramid scheme.
In 2016, Doyle ceased marketing gold-related MLM products and switched to cryptocurrency in 2018. During that time, he marketed programs such as Kangot, My Passive Trades and Sports Trading BTC.
Richard resides in the UK, and in 2017 he marketed World Global Network. He stopped working for the company after 12 months and promptly began marketing cryptocurrency scams after that. He started with Karatbars International in 2018, then swiftly moved onto HGFX Online and GoFounders in the following year.
Richard and Doyle’s activities with the above programs stopped right after they launched 1 Click Trading.
1 Click Trading Product Range
Unfortunately, 1 Click Trading does not provide any actual products or services on the retail front. If members want to make money, the only option offered is to promote the program’s membership. This is the only way to access the compensation plan, which we’ll look at in more depth in the next few sections.
Members are given access to a service that provides cryptocurrency trading signals. According to the company, the software is powered by artificial intelligence, however, we are not given many details on the website about how the service works.
I’ve got a hunch that the Trading Signals service is merely a decoy to make the company appear as though they are offering something of value.
Does 1 Click Trading Work?
The company makes bold claims about their app stating that it’s unique to the MLM industry and nothing comes close to it.
Rather than automating the trading process, you’ll have to manually input some settings, then the app takes over and controls the stop loss, for the trades that it recommends, to avoid losing too much of your money on active trades. The app will pull out if the loss is between 10%-15%.
The advantage of their trading app is that it doesn’t require you to pay a fee or commission. But the problem is that Richard and Doyle don’t have any solid experience with cryptocurrency trading.
Therefore, we’re left wondering where exactly they acquired the software that’s used to power 1 Click Trading.
Furthermore, we are not shown the exact logic used by the trading app apart from simply stopping trade losses. This definitely looks like something that should be investigated by the financial regulators. Companies that offer trading or investment services are required to publish details regarding their services, especially previous performance.
It does not come as a surprise that 1 Click Trading failed to provide any of these details, even after making claims of using tried and tested algorithms. These are nothing more than unsubstantiated claims that have not been vetted by the financial regulators.
Their business model has got many red flags of a pyramid scheme. Let’s dive a bit deeper into the program to see if it actually is one.
The following section looks at 1 Click Trading’s compensation plan which relies mostly on incentives to recruit more members. There’s no financial incentive to promote their trading app.
How To Profit with 1 Click Trading
According to the company’s compensation plan, there’s just one way to profit with 1 Click Trading and that’s by recruiting.
Getting Started
There’s a fee of $99 per month to get started with the program.
Another stipulation is that the $99 has to be changed into Bitcoin.
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Compensation Plan
Thankfully, 1 Click Trading’s compensation plan is easy to understand. I will focus on the key aspects of what I learnt from the promotional video, which is included in the next few sections below.
1 Click Trading APP Earnings
You can potentially profit from the trades placed via the program’s app. Remember, it’s not a sure thing that you will make money, you might even lose money.
Trading with their app doesn’t form part of their compensation plan.
Commissions From Referrals
The program uses a uni-level structure to calculate your referral commissions. If you’ve not come across this structure before, it essentially positions the members that you recruit beneath you at the first level. Your recruit’s recruits are positioned at the second level. The structure expands in this way.
Commission is earned according to your rank as well as the levels. You will earn a lower percentage for levels further down.
We are not told whether there is a cap on the number of levels you can have.
Commissions For Direct Referrals
You are awarded $7 per month for each member that you recruit personally for the duration that they remain active. You will be awarded a bigger commission if you move up to a higher rank.
The details of 1 Click Trading’s compensation plan are explained in the video shown below-
1 Click Trading Exposed!
1). Recruitment Program That Looks Like a Pyramid Scheme
1 Click Trading looks like it’s a recruitment program for the most part. If we take into account the dodgy background of the founders, it’s highly likely that we are dealing with an unscrupulous program.
MLM business that heavily incentivize recruitment generally have a short shelf life because their sole income stream is the money from new memberships.
The company is not generating profits from their trading app or other sources, therefore, it will eventually collapse when the recruitment dries out.
2). Inexperienced Founders With Bad Reputations
The founders are well-known for their previous escapades. They’ve operated several pyramid schemes before launching 1 Click Trading.
We can’t call out the program to be a pyramid scheme based on this alone, however, it’s a cause for concern.
3). Trading Comes With Big Risks
You’ll be investing your own hard-earned cash to trade via their app. The app will pull out of a trade only after it hits a specified stop loss, therefore, chances are, you will lose more than you gain.
Furthermore, you will need to keep recruiting more members to recover the $99 fee that you have to pay each month.
It will be an uphill struggle to make back the money you would have invested into 1 Click Trading.
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Advantages of 1 Click Trading
This program is riddled with flaws. Unfortunately, 1 Click Trading comes with no benefits.
Is 1 Click Trading a Scam or a Legit Business?
1 Click Trading is not an outright scam, however, it has the tell-tale signs of a pyramid scheme in the making. I would be surprised if this program is still running in a few months time.
- The program’s sole focus is to recruit more members, and there are zero incentives to promote the app or other services. You’ll have to rely on recruiting more people to join.
- The founders have a track record of creating pyramid schemes and there’s a strong chance that 1 Click Trading is following the same path.
- Trading requires careful planning and experience. You could lose money if you’re not sure how to trade.
I would recommend staying away from 1 Click Trading! There’s no money to be made with them.
How Do I Use The Internet to Make a Full-Time Salary?
I’m not a big fan of get-rich-quick schemes or Cryptocurrency MLM programs, let’s just say that I’ve been caught short a few times.
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Here are my reasons why…
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An Amazon FBA business can help you to…
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