TL;DR: the short answer
ASIC alerted investors in March 2021 to Beurax Corporation Pty Ltd and beurax.com, saying investors cannot withdraw and the firm stopped communicating, and advising not to send further funds.
Scambaba rates Beurax Corporation Pty Ltd (beurax.com) critical risk with a risk score of 9.5/10, last verified 2026-10-24.
Key facts
| Risk score | 9.5 / 10 (Critical Risk) |
|---|---|
| Status | ASIC suspicious website alert, March 2021 |
| Category | Investment Scam |
| Primary scam vector | Trading platform with unrealistic guaranteed returns; investors unable to withdraw |
| Reported domains |
|
| First listed | 2026-10-24 |
| Last verified | 2026-10-24 |
Red flags reported for Beurax Corporation Pty Ltd (beurax.com)
- Guaranteed returns, ASIC cites 1.4% per day
- Deposit plans promoted alongside a trading platform
- Payments accepted in cryptocurrency
- Investors unable to withdraw and company stops communicating
- Company registration used to suggest legitimacy
Detailed threat analysis
What the regulator says
On 16 March 2021 ASIC published a suspicious website alert about Beurax Corporation Pty Ltd (ACN 643 681 654) and its website beurax.com. ASIC says the site promoted a trading platform and deposit plans with unrealistically high guaranteed returns, including 1.4% per day, which ASIC describes as a sign of a highly speculative, high-risk investment. ASIC says investors, mostly overseas, cannot withdraw their investments and that Beurax has stopped communicating with them. It notes Beurax accepted cryptocurrencies, which are hard to trace and carry fewer consumer protections, and that company registration does not guarantee a business is viable. ASIC's advice is: do not transfer funds or further funds to Beurax.
How this type of scam usually works
Registering a local company is a common way for offshore operators to look credible. Fake investment websites typically show rising balances to encourage larger deposits, accept cryptocurrency because it is hard to trace, and then block withdrawals or demand fees or 'tax' payments. Recovery is rarely possible once funds have moved.
How to check a firm yourself
Search the firm on ASIC's Professional Registers for an Australian financial services (AFS) licence, and check the Moneysmart Investor Alert List. Use contact details you find independently rather than those given to you, and be cautious about any unsolicited investment offer or promised returns that look too good to be true.
What to do if you dealt with Beurax Corporation Pty Ltd (beurax.com)
- 01Stop sending money and do not pay any further fees or 'tax' to release funds.
- 02Contact your bank or financial institution immediately to ask about tracing or recalling payments.
- 03Report the scam to Scamwatch (scamwatch.gov.au) and, if you are in Australia, to ReportCyber (cyber.gov.au).
- 04Check the ASIC Moneysmart Investor Alert List and consider reporting misconduct to ASIC.
- 05Contact IDCARE (idcare.org) for support if you shared personal details or ID.
Frequently asked questions
Is Beurax legit?
ASIC alerted investors to Beurax Corporation Pty Ltd and beurax.com, saying investors cannot withdraw and the company stopped communicating. ASIC advises not to transfer funds to it.
Does being a registered company make it safe?
ASIC specifically notes that company registration does not guarantee a business is viable.
Sources
- Suspicious website alert: beurax.com, Australian Securities and Investments Commission, 2021-03-16
This report reflects publicly available information and reported patterns as of 2026-10-24. It is an opinion, not a legal determination. Spot an error or represent this entity? See our editorial and corrections policy.