Global Kapital Group Acquires Fairmarkets Trading to Expand Business to Australia

​Global Kapital Group has signed an agreement to acquire Fairmarkets Trading, an Australia-based broker regulated by ASIC, as a way to expand its CFD business to Australia, sources told Fazzaco.

As a multinational FinTech group, GK Group provides Brokerage, Alternative Finance, Digital Banking and Corporate Banking services through its digital platforms across over 100 countries. The group holds several brokerage and market-maker licences through joint ventures and partner companies, which includes GKFX, a MFSA licenced brokerage firm to serve the group's retail and professional clients in Europe.

FairMarkets is regulated by ASIC and holding an Australian Financial Service Licence, allowing it to issue over-the-counter derivatives. 

With the acquisition, GK Group receives an ASIC license and will offer its brokerage services in Australia.

"We are pleased to have completed the acquisition of Fairmarkets Trading which marks an important milestone for our group. I believe this acquisition will strengthen our global presence and bring us one step closer to our goals. A healthy combination of global experience and local expertise is the driving force behind our consistent expansion, and we are dedicated to delivering the best possible customer experience in every market we operate in." GK Group's brokerage CEO Gökhan Erkıralp commented on the acquisition.

"The future of trading and investment heavily depends on constant innovation as the world is becoming more and more digitalized and people's expectations shift towards a simpler and faster experience. We aim to fulfill all modern-day traders' demands with simple and effective digital financial solutions. we are happy to offer our services in Australia and very excited to step into a new market that has lots of potential," he added.