1 Click Trading Review: Crypto trading signals pyramid
1 Click Trading operates in the cryptocurrency MLM niche.
The company appears to be headed up by co-founders Doyle Shuler and Richard Hornshaw.
Doyle Shuler (right) is based out of South Carolina in the US.
Circa 2010-2011, Doyle was promoting gold themed opportunities; ISN Coins and Preservation of Wealth.
ISN Coins lent itself to affiliate autoship recruitment. Preservation of Wealth was a flat out pyramid scheme.
From around 2016 onward, Shuler stopped promoting gold themed MLM opportunities. He appears to have jumped on the cryptocurrency bandwagon in or around 2018.
This culminated with Shuler promoting several cryptocurrency MLM Ponzi schemes from late 2019.
Since October 2019 Shuler has promoted Sports Trading BTC, My Passive Trades and Kangot.
Richard Hornshaw (right) is based out of the UK. In 2017 he was promoting World Global Network.
In 2018 Hornshaw ditched World Global Network to promote MLM cryptocurrency scams.
The earliest example I was able to find was World Cryptocurrency 101 in August 2018.
By October 2018 Hornshaw had jumped ship for Karatbars International, who by then had also jumped on the cryptocurrency fraud bandwagon.
In January 2019 Hornshaw was promoting HGFX Online, a collapsed forex trading scheme, and the GoFounders pyramid scheme.
That appears to be it up until 1 Click Trading’s launch.
Read on for a full review of 1 Click Trading’s MLM opportunity.
1 Click Trading System’s Products
1 Click Trading System has no retailable products or services, with affiliates only able to market 1 Click Trading System affiliate membership itself.
1 Click Trading System affiliate membership provides access to a cryptocurrency trading signals service.
Other than stating it’s “artificial intelligence software”, 1 Click Trading System provides no specific information about this service on their website.
1 Click Trading System’s Compensation Plan
1 Click Trading System affiliates sign up for the signal service at $99 a month.
Commissions are paid when they recruit others who do the same.
1 Click Trading System pays recruitment commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
1 Click Trading System pays $7 per affiliate recruited, down a maximum seven levels of recruitment.
An additional $7 per recruit signed up is paid to the first upline “Super Affiliate”.
To qualify as a Super Affiliate, a 1 Click Trading System affiliate must recruit and maintain five subscription active affiliates.
Note that commissions in 1 Click Trading System are tied to ongoing monthly fee payments. Commissions are paid for as long as affiliates continue to pay commissions.
Joining 1 Click Trading System
1 Click Trading System affiliate membership is $99 a month, paid in bitcoin.
Conclusion
Neither Doyle Shumer or Richard Hornshaw have a background in cryptocurrency trading. This begs the question where did they find whatever third-party signals service 1 Click Trading System uses.
It’s a question I shouldn’t have to ask, as financial regulatory requirements in the US require 1 Click Trading System to disclose information about their trading service.
Namely details on who provides it and past performance.
1 Click Trading System fails to provide this information on their website. And this is important, because the company claims it uses “proven back-tested algorithms”.
Additionally, 1 Click Trading System also operates as a pyramid scheme.
Everyone signs up as an affiliate (the system asks you to create a referral link when you sign up), meaning 100% of commissions 1 Click Trading System pay out are tied to recruitment.
Sitting at the top of the company-wide unilevel team are one or more preloaded admin positions, ensuring Shumer and Hornshaw collect a handsome percentage of paid in fees.
At the end of the day 1 Click Trading System affiliates have to make back $1188 annually just to break even.
And you’re putting your trust in signals provided by who knows who, with who knows what background.
Is this risky?
All trading has risk and this is no different. Our system is programmed to find the highest probability for successful trades.
You should always start with smaller amounts and never trade with more than you can afford to lose.
In addition to the recruitment side of the business inevitably slowing down, anonymous signals service MLM schemes tend to perpetually be one month away from a bad trades collapse.
Cue the blame game (e.g. “our anonymous developers screwed us!”), everyone losing money and Shumer and Hornshaw exiting with stashed bitcoin fee payments.
Marketed by Andreas Kartrud, known from Up2give, Wotoken, Arkonix, Swisscoin and many more. Need I say more?
So it’s “artificial intelligence software” with “proven back-tested algorithms,” eh? If the algorithms are already written and back-tested, that’s not artificial intelligence; it’s just ordinary processing of a pre-written algorithm.
Artificial intelligence means the computer is writing its own algorithms, ya morons.
Hi Oz, I am a big fan of your blog. High quality writing.
Disclaimer – I became an affiliate for this, so you may be tempted to dismiss my points even if they are valid.
That being said, I think that calling this a Pyramid Scheme is a bit of a stretch. I think you will find that many people will use this as a “customer” and not refer anyone at all.
The slight issue is that everyone gets a link and is therefore technically a distributor which could technically be a compliance issue. In practice though the FTC would not even bother prosecuting for a such minor infraction.In fact I doubt they would even put pen to paper over it. They can see that there will be many affiliates who are just affiliates in name only, but are for all intents and purposes customers.
Perhaps the biggest issue would be with SEC compliance but the SEC is not going to make everybody get an SEC license. I mean, technically nearly anything dealing with trading (FOREX, Crypto, Stocks) should have a license, but in reality, few need to. The SEC choose their battles and rightfully go after ponzis when it comes to SEC infractions.
I understand that the negative tone is important to your audience, but I think it is a little over the top in this instance.
There will be no regulatory issues for 1 Click Trading. I do agree that bad market conditions will be the thing that kills their momentum, if anything.
Any way keep up the great content…I do enjoy it!
The FTC has made it clear affiliates who don’t recruit aren’t retail customers.
By design a pyramid scheme is full of affiliates who can’t recruit. It’s why they collapse.
Running a pyramid scheme isn’t a “slight issue”. It’s fraud.
“Hey guys, 1 Click Trading is committing fraud but don’t worry, regulators won’t come after us”. Yeah, not what you want to see in an MLM opportunity.
Begs the question that if 1 Click Trading’s service is viable outside of the MLM opportunity, why no retail customer class exists.
Instead of making excuses for fraud, that’s what you should be asking.
If anything, it’s the DAPP scams you were recently promoting that would incline me to do so.
But I don’t roll like that. Quite happy to and capable of shooting down excuses for fraud.
SO how about for the people who will ONLY use this as a signal service? No desire whatsoever to recruit. Is the signal service aspect of this legit? Thanks…
Signal services are “legit” if (in crypto trading) they operate thru an API set up on an established platform (in this case Bittrex, Binance, or HitBTC) and thus cannot steal your funds.
The EA (Expert Assistant) field originated in Forex. Even the “free” services make money for the provider thru intro commissions paid by the platforms.
If you feel the need to risk some money by using one, there are hundreds to choose from in Forex and more by the day in crypto, without MLM structures attached.
You should look for a substantial, detailed trade history, not a back test, but these are quite easy to forge (trust me).
Will you make money using a trading bot/EA, over a period of time?
No.
In practice most are quite simple white label programs, often Martingale based, which will make regular small profits and, less regularly but terminally, big losses.
There are in existence high performance, state of the art automatic trading systems which learn and earn, but you won’t find them outside locked quant rooms, and not for $99 a month.
They’re still participating in a pyramid scheme because 1 Click Trading has no retail customers. Everyone is an affiliate.
Ref: FTC v. Herbalife, FTC v. Vemma.
If you feel the need to risk some money by using one, there are hundreds to choose from in Forex and more by the day in crypto, without MLM structures attached.
Do you know of any good and legit ones?
There are in existence high performance, state of the art automatic trading systems which learn and earn, but you won’t find them outside locked quant rooms, and not for $99 a month.
How about these? Do you know any of these?
1click seems to say that the money always stays in your account and do operate through an API and binance is also used I believe. But oz seems to be saying even if so, they still fall under the guise of a pyramid scheme….
YOUR NOTES:
Hello,
Thanks for your info and ideas. Do you say that 1Click is illegal?
And please specify: USA and Europe ‘e.g. The Netherlands”, maybe there is a difference?
Yes or NO or it is not clear? And if yes: which source because i want to read myself the articles in the law that you use to make such a statement. Or/and gouvernemantal organisation with contact information.
Can you provide this?
Friendly Greetings,
Jo
Failing to disclose information on their signals might slip through the cracks but pyramid schemes are illegal the world over.
You can look up various laws regarding pyramid schemes from country to country if you want to look into things further.
Just a small correction to your article since it’s been obvious you didn’t do all your research.
the only cash being transferred to 1clickTrading is to get access to the software. (Ozedit: snip, see below)
The review doesn’t state otherwise but thanks for your “correction”.
This system does not work, Signals are shit, software is shit and customer service is shit.
Traded for 2 months made 22 trades and lost $14 not to mention the $99 for 2 months, luckily I did not recruit anyone. I say NO.
Dave Tarr, 1 click’s results are transparent on their site and say otherwise. Yes there were some glitches which you knew about.
Had you hung in there and kept current with what was going on, I believe your results would have been similar to others like Dennis, Harv or Rudy who now have accounts that show 200, 300 and even 400% gains.
Doyle shuler is not even his name. He has been doing Pyramid schemes, Promoting marketing scams, continuous fraudulent behavior, identity theft, Ponzi schemes, takes goods, others money, manipulates wording and pretends to be good hearted, honest and patient.
Why don’t you all stand up to him and put him where he belongs? He is a sociopaths without remorse, thinks he is above the law and will continue playing the victim as he victimizes countless others.
Stop him. He is a total scam man. He deserves nothing but he keeps creating another scam like it’s water. This man should be locked up.
He has zero feelings or guilt for you and he will throw you to the wolves for money. He is happiest when he pulls it off.
Do not trust or believe him. He is a masterful liar and thief. I know… He changes passwords and is capable of making you a believer.
He looks honest, but his stories and convincing nature are not in good will. He is a scammer, BS artist, and user.
DO NOT JOIN HIS LIST OF FOLLOWERS. He can convince anyone of anything. Doyle is not even Doyle. He has a real name.
Scam and scammer. Kenneth Doyle Shuler you are a very dishonest man.
Maybe because this is an MLM review. BehindMLM isn’t about “standing up to people”.
You obviously have a personal connection to Doyle. That’s fine but that’s not what MLM reviews are about.
Richard Hornshaw is still promoting
youtube.com/watch?v=Auuly3B0GJ4
I am the CEO of 1 Click Trading System. I have made this offer to several blogs and channels that like to use 1 Click as click-bait to get their readers to return to read their latest reviews and buy from their latest sponsored adverts.
My offer is for the owners of this blog-post to contact me and conduct an interview with me to give their audience a true and accurate understanding of what 1 Click is, why it is not illegal, why it is not a pyramid scheme, why no one is getting ripped off and how we go out of our way not only to be open and honest, but to be seen to be so.
I am available for any debate, discussion or interview. The only stipulation that I make is that you must publish the event in it’s entirety or not at all.
As we all know, clever aditing can make even the most honest and forthright person look like a liar and a scammer.
If you, the readers, would like to have this level of openness about 1 Click presented here, let the owners of this blog page know.
Hi Andy,
Counter-offer: you just explain how an MLM company with no retail sales isn’t a pyramid scheme.
Maybe you can convince the FTC too?
You could have easily done so instead of posting paragraphs of waffle.
1 Click Trading System is an MLM company. BehindMLM reviews MLM companies.
Instead of explaining how 1 Click Trading System isn’t a pyramid scheme, you sought to dismiss the fact it is. Very telling.
Let’s just cut the crap; you’re here because traffic to 1 Click Trading’s website has tanked over the past few months. The pyramid scheme is failing.