Abstract:Back in October 2022, Turkey's Global Kapital Group(GKG) restructured some of its operations, which included the transfer of ownership of its main FX brokerage businesses GKFX and GKPro to an Amsterdam based company called Trive Financial.
Since the restructuring, GKFX has changed its name to Trive, its website has changed from GKFX.com/GKFX.eu to Trive.com. And the company has renamed the MFSA licensed company ATFX to TRIVE FINANCIAL SERVICES MALTA LIMITED, and the FCA licensed entity in the UK (GKFX Financial Services) was just renamed Trive Financial Services UK Limited.
It is reported that recently Trive has hired Dennis Austinat, who has been in charge of Germany, Switzerland and Austria for a long time at eToro, as the new managing director of the company and the entire DACH region. Mr. Austinat will expand Trive's business in the Frankfurt area.
OctaFX has been officially listed on warning lists by both Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC). These alerts raise serious concerns about the broker’s status and whether it is legally allowed to operate in Malaysia.
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