Global Kapital Group looks for opportunities beyond FX

Buoyed by the surge in retail trading during the past 18 months, Global Kapital Group is targeting expansion beyond its established FX brokerage business.

It has been a busy year for Global Kapital Group, which entered the US broker-dealer market in June with GK Trade New York, after the acquisition of Finra-licenced Equinox Group Distributors, and then acquired Turkish multi-asset broker Işık Menkul in August.

However, its most notable deal from an FX perspective was its acquisition of Australian brokerage FairMarkets in February.

Brokerage revenues rose by 140% last year, putting Global Kapital in the same league as the likes of eToro and Swissquote.

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