GKFX forex broker raises £6.5 mln from owners to fuel expansion

GKFX forex broker raises £6.5 mln from owners to fuel expansion


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GKFX, an FCA-regulated forex broker, last week has raised £3.5 million from its owners Kasim Garipoglu and Serkan Arli, shows a filing of GKFX Financial Services Limited with the British Companies House. Thus the total capital of the company has reached nearly £27.9 million.

According to previous filings, in the beginning of September the broker received another £3 million as an investment from the two Turkish businessmen who retain full control over the company.

According to Leap Rate, quoting own sources, the new cash influx totaling £6.5 million will be used mostly for expansion of GKFX, which reportedly has annual revenues of around $60 million.

The brokerage was established in 2010 and obtained a license from the FCA. It offers trading in forex, CFDs, commodities, indices, equities and serves both retail and institutional clients. Trading is done on the MetaTrader4 platform. GKFX has offices in Cyprus, Germany, United Arab Emirates, France, Spain, Italy, Russia, China, Japan. It also offers binary options trading through its Cyprus subsidiary GKOption.

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