Xera Australia Review: Scam Or Legit? | Recover Lost Funds

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Is Xera Australia a scam? How to recover funds from Xera Australia? Find the answers to all these questions and more in this guide.


Xera Australia has been identified as a risky opportunity by Intelligence Commissioner users. It is connected to Xera Dubai . We’ve received over 3 complaints against Xera Australia.

The Australian Securities and Investments Commission (ASIC) has warned Xera Australia about securities theft because the company is not licensed to do business. This new development, which was released on April 23, shows that the company has major compliance problems. These problems started after three failed Ponzi schemes in Dubai. Australians have been getting banking services from Xera Australia without permission, which is against the law. This action has big risks for both customers and the stability of financial markets. This shows how important it is to follow the rules and be a careful investor.

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Key Takeaways

Xera Australia has lost investors thousands of dollars
Xera Australia website owner is anonymous
Vague terms of service

Is Xera Australia Regulated? Do They Have a License?

The Australian Securities and Investments Commission (ASIC) has issued a securities fraud warning to Xera Australia, a company that grew out of the ashes of three failed Ponzi schemes in Dubai. This news has caused a stir in the financial sector. This warning, which was sent out on April 23, shows that the company has done a lot of things wrong when it comes to compliance.

Xera Australia Asic warning

ASIC’s warning says that Xera Australia has been giving Australians financial services even though it doesn’t have a financial services license or a credit license in Australia. This lack of permission and filing with ASIC is a clear violation of Australian securities law, which means that what they did is securities fraud.

Xera Australia homepage

Xera Australia is not a new company; it is a merger of three Dubai-based Ponzi schemes that had already failed: Safir International, The Blockchain Era, and Success Factory. Dubai is known as the “MLM crime capital” because it is a great place for these kinds of scams to happen. Xera Australia is carrying on these shady traditions, led by people who have been involved in similar schemes in the past.

Some of the people in charge at Xera Australia have a history of being involved in shady Ponzi schemes. The Managing Director, Henk Diepbrink, used to work at Safir in the same role. The Global Vice President, Werner Kaiser, worked with Safir’s “Elite Circle of Trust” and pushed the Lyoness Ponzi scheme. Diego Endrizzi used to work for WeWe Global and The Blockchain Era. He is now the Head of Global Sales.

The Chief Visionary Officer, Gorka Buces, was involved in both the Xifra and Decentra Ponzi scams. Finally, Nils Grossberg, who is in charge of Global Partnerships, started and ran DagCoin and Success Factory before they shut down.

Xera Australia market sectors

The lack of regulation or the presence of poor regulation is a huge red flag. It means Xera Australia is a scam and most likely, an illegal operation.

Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.

That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.

In the case of Xera Australia, victims have nowhere to go due to the absence of a watchdog or license.

You should ask yourself the following questions when you come across a new investment firm or opportunity:

  • Does the investment provider maintain transparency about its CEO?
  • Do they have a license from a renowned regulatory authority?
  • If the need arises, can I reach out to an authority to report this company as a scam?


Concerning Issues Present at Xera Australia

Xera Australia faces many operational and compliance risks, in addition to the direct legal problems that come from not having the right licenses. The platform has said it won’t pay for damages caused by data leaks and cybersecurity problems.

This shows that there is a big chance of data and security breaches happening. Also, the fact that Xera Australia relies on services from outside the company and can’t control them makes the risks even higher and could cause service outages and data breaches for users.

This warning from ASIC goes along with a different security fraud warning that was sent out against The Blockchain Era. This shows that problems keep happening with companies that come from the same fraudulent backgrounds. Xera Australia’s actions not only put customers at risk, but they also have bigger effects on the stability of the market and the rules that govern it in the financial sector.

As of March 2024, Germany (33%), Austria (16%), and the Czech Republic (7%), send a lot of web traffic to Xera Australia’s website. This shows that Xera Australia has a lot of power and can do a lot of things. This could have an effect on a lot of businesses in these countries.

However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.

They might give you multiple reasons including:

  • A technical error
  • A glitch in their system
  • Banking issues
  • A “hacking attack”

And many others.

But in 9/10 cases, the scammers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.

If you want to get your money back from a scammer, you’d need to file a chargeback.


Xera Australia Customer Service: Do They Handle Complaints Well?

When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.

In the beginning, scammers tend to remain very accessible.

This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.

However, they do all this just to win your trust.

Scammers understand that to convince someone to give them a large sum, they will need to seem like a friend.

Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.

All of a sudden, their numbers would either stop responding or become unavailable.

Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.

However, in the end, customer support won’t resolve your issues and become increasingly unavailable.

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Xera Australia Reviews: What Do Others Say?

It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

Scammers like Xera Australia tend to purchase fake reviews for their online profiles to make themselves seem more credible.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why you shouldn’t trust Xera Australia reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of Xera Australia, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like Xera Australia enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “Xera Australia reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Xera Australia.

Xera Australia reviews coverage

You should always look out for consumer complaints. In the case of Xera Australia, the most common complaints I found were about:

  • Poor customer support
  • Delays in payments
  • High fees
  • Lack of transparency regarding their leadership team
  • Aggressive sales staff

Do you have a similar complaint about Xera Australia? You can share your complaint in the comment section or submit an anonymous tip.


Is Xera Australia Legit Or a Scam?

The ASIC’s strong action against Xera Australia is a stark warning of how important it is to follow the rules and how vigilant investors need to be. Xera Australia’s complex web of lies, which it weaves through its illegal operations and high-risk activities, calls for more oversight and scrutiny to protect customers and keep the financial markets honest.

Xera Australia is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.

The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Xera Australia can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.

The absence of a watchdog also means you cannot report to them to anyone.

Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.

Can You Trust Xera Australia?

All the evidence suggests that Xera Australia is a scam. If you have lost money to them, there is still a chance you can get it back.

To recover your funds, you’d need to file a chargeback.


Frequently Asked Questions

Is Xera Australia a scam?

According to the online reviews of this company, it’s highly probable that Xera Australia is a scam. You should exercise caution when dealing with them.

Can I withdraw money from Xera Australia?

Yes, you can withdraw your funds from Xera Australia by getting in touch with one of our experts. Get your money back immediately.

Where is Xera Australia Located?

There is no information available on the location of Xera Australia.

How do I get my money back from Xera Australia?

To get your money back from Xera Australia, you can file a chargeback. Learn more here.

How The Xera Australia Online Scam Works

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.

Get Your Money Back Free consultation
If you’ve lost money with Xera Australia, we can help you get your funds back. Schedule a free consultation with our team of experts and we will have a look.
An expert will get in touch with you within 48 hours.
Xera Australia Review: Scam Or Legit? | Recover Lost Funds
Xera Australia Review: Scam Or Legit? | Recover Lost Funds


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