British Investment Commission Warns of Pseudo Representatives and Chargeback Schemes

The British Investment Commission, a leading member-driven External Dispute Resolution (EDR) organization serving participants in global foreign exchange (forex), derivatives and cryptocurrency markets, today warns the public regarding pseudo-representatives mimicking the British Investment Commission in an attempt to defraud Forex broker customers and provide illegal services.

The British Investment Commission was recently contacted with information from the public regarding a group of individuals who were impersonating British Investment Commission’s brand and services by using a like-minded logo while purporting to offer fictitious services in what appears to be an attempt to scam customers. These pseudo representatives of the Commission offered Forex broker customers a paid service to retrieve funds lost during trading on their trading accounts. For such a service the alleged representatives demanded a fee. Likewise, in other cases, such pseudo representatives offered illegal chargeback schemes to Forex broker clients in return for a fee.

The British Investment Commission has taken measures to notify parties that the perpetrators are a pseudo-clone not associated with British Investment Commission in any way and may be seeking to defraud customers. The great lengths that companies may go to help perpetrate a fraud can be difficult for even the most cautious investors to detect.

In an effort to protect customers, the British Investment Commission recommends the public and Forex broker clients to note the following:

  • The British Investment Commission does not charge or request any fees for services to Forex traders and broker member clients. Our services for traders are absolutely free
  • The Commission does not solicit or initiate communications with customers by “cold” emailing or calling – we communicate with customers only after receiving an inbound inquiry via our official website
  • The Commission does not service customers of brokers who are not members. We advise customers to first review our Members page to see if their broker is part of our organization: