Xera Dubai has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to WEWE Global. We’ve received over 7 complaints against Xera Dubai.
The Blockchain Era, Success Factory, and Safir International—all involved in Ponzi and MLM schemes—merged to form Xera Dubai. As “xera.pro,” it was privately registered on January 8, 2024, and it was accused of fraud. Leaders such as Werner Kaiser, a proponent of Ponzi schemes in Lyoness, and Henk Diepbrink, previously of Safir, are associated with Xera Dubai. Exercise caution when interacting with Xera Dubai or similar businesses due to concerns over transparency and compliance.
Get Your Money Back From These Scammers!
Key Takeaways
Is Xera Dubai Regulated? Do They Have a License?
Xera Dubai was made when three Dubai-based scams that had already gone out of business joined together: Safir International, Success Factory, and The Blockchain Era.
These organizations were involved in multi-level marketing (MLM) scams and had a history of running Ponzi schemes. The new company, Xera Dubai, was going to use the domain name “xera.pro,” which was secretly registered on January 8, 2024, to start up. Xera Dubai and related businesses are mostly around allegations of fraudulent activity and Ponzi schemes.
There are people in charge at Xera Dubai who have ties to other well-known scams. The position of Managing Director at Xera Dubai was earlier held by Henk Diepbrink at Safir.
The Global Vice President, Werner Kaiser, was in Safir’s “Elite Circle of Trust” and helped spread the word about the Lyoness Ponzi scam. As the person in charge of sales around the world, Diego Endrizzi aggressively promoted WeWe Global and The Blockchain Era.
There was a link between the Chief Visionary Officer, Gorka Buces, and the failed Ponzi schemes Xifra and Decentra. Head of global relationships Nils Grossberg started and ran the scam businesses DagCoin and Success Factory, which both failed. Carsten Gotowy, who is in charge of Austria, Germany, and Switzerland, was linked to the OneCoin scam.
Xera Dubai has been attacked for not being open and following the rules. The business doesn’t give out important details like an official name, full address, or phone number.
It’s also not registered to give securities in Australia, which is a big red flag about how legitimate it is and how well it follows financial rules.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Xera Dubai 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 Dubai, 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?
Trading Conditions and Deposit/Withdrawal Methods at Xera Dubai
The trading conditions and deposit/withdrawal methods at Xera Dubai, as detailed in the search results, involve several key aspects:
Trading Conditions
- Investment Packages: Xera Dubai offers various investment packages starting from 110 EUR and going up to 1.11 million EUR. These packages are part of their business model which includes AI trading bot Ponzi schemes named Quantwize and other cryptocurrency-related activities.
- Cryptocurrency Solicitation: Xera Dubai is actively soliciting investments in a cryptocurrency named EURX, which appears to be a new creation despite the name being previously used by another dead cryptocurrency. They also mention another token, CLFI, which is a carryover from The Blockchain Era.
- Compensation Plans: Xera Dubai operates a multi-level marketing (MLM) structure with direct commissions and residuals via a unilevel compensation structure. There are various bonuses based on personal and downline investment volume.
Deposit/Withdrawal Methods
- KYC Requirements: Xera Dubai requires users to complete a Know Your Customer (KYC) process, which involves providing personal data and documents such as ID card, passport, or driving license. This is a common practice used to restrict withdrawals and manage account verifications.
- Withdrawal Delays and Restrictions: Xera Dubai has implemented software changes that complicate the withdrawal process. These include grouping related accounts of one user, merging all mining plans and wallet balances to the first account that completes KYC, and moving overpayments from sales commissions to a side balance wallet, which will be paid back as a bonus on future sales.
- New Product Offering: Instead of traditional mining plans, Xera has shifted to selling hash power of SHA-256, allowing users to mine any coin under this protocol. This change is part of their strategy to adapt to legal limitations and audits by governments.
- Software Development Delays: The implementation of these changes requires extensive software development, which Xera Dubai claims will take a few months. This indicates potential further delays in processing withdrawals and changes in trading conditions.
These trading conditions and methods reflect Xera Dubai’s complex and potentially risky investment environment, characterized by its MLM structure, cryptocurrency solicitations, and restrictive withdrawal processes.
Xera Dubai’s business plan is like the Quantwize AI trade bot Ponzi scheme. This model usually includes paying back early investors with money from new investors. This is a classic feature of a Ponzi scheme.
The plan also included other activities connected to cryptocurrencies, like node/validator schemes and fake mining.
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 Dubai 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.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Xera Dubai Reviews: What Do Others Say?
On Reddit, Xera Dubai is described as a scam in a post on the CryptoScamBlacklist subreddit. The post warns that the operators of Xera Dubai are part of an organized syndicate previously involved in other scams. The user advises against subscribing to their services, describing personal losses and cautioning others about the potential risks.
Xera.pro is considered “untrustworthy” on SafeWebTalk due to security vulnerabilities and a lack of regular security updates. The site is categorized as dangerous, and users are advised to be cautious and consider more reliable alternatives.
These reviews collectively suggest that while there are some positive testimonials, the overwhelming feedback about Xera Dubai is negative, with serious allegations of scam activities and financial losses reported by users. Potential customers or investors should approach Xera Dubai with caution and conduct thorough research before engaging with their services.
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 Dubai 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 Dubai 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 Dubai, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Xera Dubai enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Xera Dubai reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Xera Dubai.
You should always look out for consumer complaints. In the case of Xera Dubai, 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 Dubai? You can share your complaint in the comment section or submit an anonymous tip.
Is Xera Dubai Legit Or a Scam?
Concerns about Xera Dubai’s trustworthiness are raised by the fact that it is run by people who have been involved in other scams. Based on the pattern of behavior and the type of business plan, it looks like fraud will continue under a new name.
They focus on how it got its start with scams that didn’t work out and how people who have a history of fraud were involved.
Xera.com became linked to Ponzi schemes because it was built on top of other scams, it hired people who were known for their work in other scams, and it used a business plan that is common in Ponzi schemes. This background and operational approach have drawn a lot of attention and led to claims that fraud is still going on.
Xera Dubai 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 Dubai 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 Dubai?
All the evidence suggests that Xera Dubai 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 Dubai a scam?
Can I withdraw money from Xera Dubai?
Where is Xera Dubai Located?
How do I get my money back from Xera Dubai?
How The Xera Dubai Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
