Prime Markets Review: Reverse Trades and Margin Call Pressure

Prime Markets is known as a forex platform that reaches investors through cold calls from overseas numbers and has the account run by an "expert". The loss deepens not through a promise of profit but through the phone call that follows the expert's reverse trades: "your account is about to be wiped out, fund it now".

🚩 How Do Reverse Trades and Margin Pressure Work?

A person who introduces himself as an analyst gives signals on commodities and indices in exactly the opposite direction to the trend. When the account nears the stop-out level, the investor is called and told that the only way to save the money inside is to send new funds immediately; we described this step in our article on fake investment call centre operationsTR.

🔍 Official Records and Identified Details

On 25 May 2023 the UK Financial Conduct Authority (FCA) published an unauthorised firm warning for Prime Markets / primemarkets.com; the warning lists the address 43 Greatport Land Street, London and the number +44 7893 928242, and the same entry was added to the IOSCO warning network. As of October 2026, primemarkets.com shows an invitation-only "corporate solutions" page and states that it has no connection with other firms using the same name. Prime Markets Limited (formerly Prime CFDs Ltd), which is registered on the FCA register, is not the subject of this warning and should not be associated with the scheme in this article.

Prime Markets is not authorised by the SPK; authorised institutions can be seen on the SPK list of intermediary institutions. SPK Decision No. 8/297 of 24 February 2017 states clearly that forex accounts opened with an overseas institution fall outside investor protection.

🔗 Other Platforms Using the Same Method

Trades directed by telephone, followed by a request for an extra payment, is a scheme we encounter in many cases. Some of the platforms where the same steps were seen:

🧭 The Legal Process

For transfers sent abroad, the first item on the agenda is often a recall of the SWIFT transfer. On the criminal side, because computer systems are used as a tool, the conduct is assessed as qualified fraud under Article 158/1-f of the Turkish Penal CodeTR; the return of the money may come up through a restitution and unjust enrichment claimTR. For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Frequently Asked Questions