June 16, 2021, | AtoZ Markets – Online broker, Global Kapital Group (GKG), announced on Wednesday that it was now offering trading services to investors in the United States.
Global Kapital Group Secures US FINRA license
The brokerage, which is the parent of Retail FX broker GKFX, recently secured a broker-dealer license from the country’s regulatory body – the Financial Industry Regulatory Authority (FINRA).
The move follows the earlier GKG announcement that it has secured an Investment Dealer License by the Mauritius Financial Services Commission.
This latest news will undoubtedly add to its 20,000-strong customer base, following 11 years in the FX industry and licenses from the United Kingdom, Malta, British Virgin Islands, Cambodia, and Australia.
Commenting on the new license, GK Group Brokerage CEO, Gokhan Erkiralp, said:
“The FINRA License opens new doors for our Group and we believe creates new opportunities for investors. We have a proven track record of serving clients effectively in many different global markets and welcome the chance to bring our services.“
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
Regulatory oversight is great news for CFD traders. Being regulated means additional capital protection, stringent account requirements, plus a series of compliance measures that brokers need to follow. Licensing conditions can also help manage the financial incentives and leverage offered to Forex traders.
"Since 2020, Global Kapital Group has initiated a strategic journey to expand its international reach and introduce its products to an ever-increasing number of customers. We are excited that today the next step in our global growth strategy brings us into the world’s largest financial market," Erkiralp added.
Think we missed something? Let us know in the comment section below.