Exclusive: GKFX UK reduces loss in 2020 to £2.9M
Revenues at GKFX UK are generated predominantly through a volume rebate with a counterparty that is related to the company.
Revenues at GKFX UK are generated predominantly through a volume rebate with a counterparty that is related to the company.
Işık Menkul increases the Group’s global presence by adding the MENA region after Europe, Australia, Asia and the US.
GKG’s licensed entity, GK TRADE New York LLC is registered with the SEC, enabling clients to trade securities and mutual funds.
The granting of the license supports Global Kapital’s aim for expansion of its product range and geographic reach.
GKFX’s ownership and its current management working with authorities to identify those responsible, and bring them to justice.
Police are suspecting that GKFX executives were involved in embezzling $29 million in client funds at the company.
Before joining GKFX Iain Rogers was briefly at GMI-UK, and served as Managing Director of Pepperstone UK and Admiral Markets UK.
FairMarkets was acquired earlier this year by Turkey’s Global Kapital Group, which owns the GKFX Retail FX brand.
FairMarkets is an ASIC licensed institutional FX and CFDs broker, acting as a liquidity provider for over-the-counter derivatives.
During the first half of the year GKFX’s retail trade was transferred to AKFX Financial Services Ltd, based and regulated in Malta.