GKFX Parent KIG Acquires Turkish Broker Işık Menkul

Fazzaco learned that Kapital Investment Group B.V. (KIG BV), parent of the GKFX retail forex brand, has acquired Işık Menkul Değerler A.Ş., a multi-asset broker offering trading in stocks, futures, FX, commodities as well as CFD products in Turkey.

Işık Menkul increases the Group's global presence by adding the MENA region after Europe, Australia, Asia and the US, marking a significant step in KIG's plans to become a leading global multi-asset group.

It is licensed and regulated by the Capital Markets Board of Turkey (CMB) and offers leveraged trading on stocks and foreign exchange derivatives. The acquisition gives KIG BV the right to operate in Turkey, expanding the Group's global reach.

KIG BV Chair of the Board Engin Çubukçu said: "The acquisition of Işık Menkul marks one of the most important steps so far towards our goal of becoming a multi-asset investment platform. As a top-tier financial institution with a significant share in Turkish capital markets, Işık Menkul serves more than 26,000 clients in Turkey, providing a gateway into the Istanbul Stock Exchange (BIST) while offering futures, FX, commodities and CFDs for trading."

"Turkey is one of the most important markets in the MENA region, as it is highly developed and very competitive. Entering the Turkish market with a financial institution with such strong credentials will give us a significant advantage over our competitors," added Engin.