Turkey based financial services firm Global Kapital Group (GKG) has announced that it has been granted an Investment Dealer License by the Mauritius Financial Services Commission, the island nation’s regulatory authority, marking a significant step forward in the group’s plans for rapid growth.

The granting of the license supports GKG’s aim for expansion of its product range and geographic reach, as it will mean that many more traders will be able to access GKG’s trading platform. The license will also give the group the ability to develop a broader range of services and will provide access to new markets.

The Commission has determined that GKG fully complies with its emphasis on transparency and security, which is one of the strictest among similar financial centres.

Gokhan Erkiralp, GK Group Brokerage CEO, said:

“We are delighted to have been given this license by the Mauritius Financial Services Commission, which recognises GKG’s commitment to best practice and the highest standards of professionalism. We are especially pleased at this acknowledgement from an international regulator that is known for its strict rules and effective supervision of global financial services companies such as ours.

‘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. 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.”

Global Kapital Group and its various brands already have licensed subsidiaries in a number of jurisdictions including the UK (which operates under the brand GKPro, serving institutional clients), Malta (which now operates the main “GKFX” brand in Europe), as well as Australia (FairMarkets), Indonesia (GKInvest), Cambodia and the British Virgins Islands. The GKG group is controlled by Turkish businessman Kasim Garipoglu.