Website & Company Information
The web domain of the company was privately registered on the 24th of January 2017 and was re-registered on 2020–02–16. Since the domain was first registered in 2017, it was used to market a PTC script — info courtesy https://web.archive.org/.
The website does not provide any information about the owner of the company, so we don’t know anything about the team. The ‘Terms of Service’ page did provide a company number 12228018 located in the United Kingdom.
Please read these terms of service (“Terms”, “terms of service”) carefully before using clicxads.com website (the “Service”) operated by GLOBAL ADVERTS NETWORK LTD company number 12228018 located in the United Kingdom.
We ran a search with the number on beta.companieshouse.gov.uk and found that the owner is Sarah SOULEYMANE.
Fact: The UK is one of the most favourable jurisdictions for scammers, and 90% of all the shady MLMs are registered in the UK Also, UK incorporation is dirt cheap.
At the time of writing this article, Alexa cites India (28.3%), Egypt (16.8%) and Malaysia (5.3%) as top sources of traffic to ClixAds’s website. The team can be operating from any of these countries.
A sneak peek into the official YT channel of ClicxAds showed us the face behind the company, Frank Nii Okanta Ankrah. The CEO is a famous digital marketer from Africa. We didn’t find anything negative about him on the web.
The site is very untidy, and some pages don’t even work. It looks like the site was made by copying a WordPress Youtube tutorial and not by any professional. These sites are easy to make!
Alright, let’s move on to the next section of this review.
The company has no products or services to offer but on its affiliate membership that is aimed at pumping new users into the system.
ClicXAds’ Compensation Plan
The company promises certain returns on investments. The affiliates make these investments via Bitcoin. Below is the breakdown:
- Yellow — 0.002861 BTC — Basic membership is required for this plan.
- Blue — 0.006312 BTC — Professional membership is required for this plan.
- Green — 0.01434 BTC — Enterprise membership is required for this plan.
- Red — 0.02872 BTC — VIP membership is required for this plan.
There are 4 affiliate membership packs that the company offers, based on these packs, the ROI is determined. Following are the monthly cost per pack and its corresponding ROI:
- Basic — Free — All the returns are capped at 105%.
- Professional — 0.001733 BTC/month — Capped ROI is 111%.
- Enterprise — 0.004619 BTC/month — Capped ROI is 115%.
- VIP — Undisclosed Cost — Capped ROI is 118%.
ClicXAds also pays referral commissions via a unilevel compensation structure. The commissions are paid on invested funds down three levels of recruitment:
- Affiliates that have bought the Basic pack get 3% on level 1 (direct recruits)
- Affiliates that have bought the Professional pack get 4% on level 1 and 1% on level 2
- Affiliates that have bought the Enterprise pack get 5% on level 1, 2% on level 2 and 1% on level 3
- Affiliates that have got the VIP pack get 6% on level 1, 3% on level 2 and 2% on level 3
Apart from unilevel structure-based referral commissions payout, ClicXAds also features Matrix Commissions in its compensation plans. Matrix commissions are paid down six tiers. Specifics on this compensation plan like matrix size etc. are still awaited:
The matrix is shuffled around every seven days, and the following are the matrix level commission rates:
- level 1–20%
- level 2–15%
- level 3–10%
- level 4–7%
- level 5–5%
- level 6–2%
Like we discussed the 4 packs offered by the company if you opt for the Basic tier, then becoming the affiliate member will be free, but remember all the returns are capped at 105%.
- Professional — 0.001733 BTC a month
- Enterprise — 0.004619 BTC a month
- VIP — Undisclosed cost
Just like any other Ads MLM company, ClicXAds satisfies all the conditions of a typical adcredit Ponzi scheme and SEC has gone hard on these schemes.
Read more about the Adcredit Ponzi Schemes here: https://bradshawlawgroup.com/sec-ad-packs-ponzi-scheme/
In a nutshell, these schemes require one to just signup, invest in a random AdPack and collect the ROI. These ROIs are paid using the money invested by new affiliates, and this is why it is termed a Ponzi Scheme. Not only that, but these schemes are also aggressive in referral commission so that they can keep getting new users and with new users comes fresh money.
Even the commissions are paid using the money invested by new affiliates and once affiliate recruitment runs dry so too will new investment. Lack of new investment will trigger a system collapse as the withdrawals side will become greater than the deposit side. When this happens, the majority of the participants will lose their hard-earned money.