Global Kapital Gains a New License from Mauritius Regulator

Global Kapital Group (GKG), which operates multiple brokerage brands, announced on Tuesday that it has secured an Investment Dealer Licence granted by the Mauritius Financial Services Commission.

The new license will ensure the expansion of the product range on GKG’s platforms and allow for more geographical reach, according to the press release shared with Finance Magnates. 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 of this acknowledgment from an international regulator that is known for its strict rules and effective supervision of global financial services companies such as ours.”

Expanding Global Footprint

Established in 2010, GKG manages multiple broker brands. Its companies include FX and contracts-for-difference (CFD) broker GK Pro, GKFX, GKFX Prime and a few other brands. 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 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 Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term.”