Global Kapital Group Secures New Mauritius License

Global Kapital Group has announced that it has secured an Investment Dealer License by the Mauritius Financial Services Commission.

May 25, 2021, | AtoZ MarketsGlobal Kapital Group (GKG), which operates multiple brokerage brands, announced on Tuesday that it has secured an Investment Dealer License granted by the Mauritius Financial Services Commission.

Global Kapital Group explores new markets with Mauritius license

The new license will ensure the expansion of the product range on GKG’s platforms and also more geographical reach, according to the press release seen by AtoZ Markets. The group will explore new markets leveraging the new license.

Commenting on the new license, GK Group Brokerage CEO, Gokhan Erkiralp, said: “We are delighted to have been given this license by the Mauritius Financial Services Commission, which recognizes GKG’s commitment to best practice and the highest standards of professionalism. 

“We are especially pleased at this acknowledgment from an international regulator that is known for its strict rules and effective supervision of global financial services companies such as ours.”

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Founded in 2010, the Turkey based financial services firm manages multiple broker brands. Its companies include FX and contracts-for-difference (CFD) broker GK Pro, GKFX, GKFX Prime, and a few other brands.

Read also: Six Former GKFX Executives Arrested on Suspected $29M Fraud

The company operates in more than a hundred countries. Earlier this year, the group entered the Australian market with the acquisition of Fairmarkets Trading.

Apart from Mauritius, the group is also regulated in the United Kingdom, Malta, British Virgin Islands, Cambodia, and Australia.

“We already have more than 20 thousand clients at GKG’s brokerage companies and, following the granting of this license, we anticipate that many more traders will join our platform, where we plan to offer many more products and services,” Erkiralp added.

“The license will allow existing and new customers around the world to take full advantage of what our innovative ecosystem has to offer; state-of-the-art platforms, excellent trading conditions, dedicated local customer support, and lightning-fast execution.”

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