- Forex broker Isik Menkul has grown significantly over the years
- Kapital planning to expand its product range both in Turkey and beyond
- Turkey one of the fastest growing markets for forex and CFD’s.
The large Kapital Investment Group (KIG BV) announced the acquisition of the Turkish forex broker Isik Menkul. Kapital is part of the international financial services provider, Global Kapital Group (GKG). On the other hand, Isik Menkul is one of the leading multi-asset and forex brokers in Turkey.
Isik Menkul has an extremely strong presence in the Turkish region with a wide array of services. The forex broker offers a considerable range of trading services and financial products including forex, commodities, CFD’s, futures and stocks.
Kapital Investment Group announced in a press release that they intend to aggressively expand their product range through the recent acquisition of the Turkish forex broker.
Isik Menkul is aso regulated by the Capital Markets Board of Turkey (CMB). With its latest acquisition, the Kapital Investment Group will now be able to operate in Turkey. This promises to be one of the fastest growing international markets.
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Forex broker acquisition should continue to widen product offering for Kapital Investment Group
Understandably KIG BV Chair of the Board, Engin Çubukçu, was bullish about the acquisition of the Turkish forex broker.
“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. It provides a gateway into the Istanbul Stock Exchange (BIST) while offering futures, FX, commodities and CFDs for trading”, Çubukçu commented.
There has been a rapid increase in the forex trading market in Turkey over the last years. In its latest announcement, KIG BV emphasized the importance of the Turkish market which is crucial for the continued global expansion of the group.
KIG Board Chair Çubukçu also emphasized the importance of the acquisition of Isik Menkul for its continued expansion in the MENA region.
“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”, the KIG Board Chair stated.
“Işık Menkul is a company that prioritizes transparency, a key point in the establishment of a loyal client base. It is also a pioneer being the first zero commission stockbroker in Turkey This has helped it establish strong brand recognition, crowning its already highly reputable brand image,” Çubukçu added.
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