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From my experience as a trader who gives utmost weight to regulation and operational transparency, I take a measured approach when evaluating a broker like Channel Capital. While Channel Capital is indeed regulated by ASIC and has operated for over a decade in Australia, some aspects raise concerns that warrant caution. Notably, there is a highlighted lack of transparency surrounding certain elements of their business operations. For me, transparency isn’t just a box to tick; it’s essential for traders who need to understand who is handling their funds and what protections are in place. Another area that needs consideration is the “Suspicious Scope of Business” warning and the flagged “Medium potential risk” rating. I interpret such flags as signals to conduct deeper due diligence to confirm that the broker’s activities align with my needs and regulatory expectations. Channel Capital also focuses on providing services like incubation, distribution, and offshore governance, which may not directly cater to typical forex trading needs. This could make it less suitable for traders seeking straightforward trading services or a comprehensive trading platform. Ultimately, despite its regulatory credentials, the combination of limited transparency and flagged risk indicators means I would approach Channel Capital with caution. I personally would dig deeper, possibly even contact their support, before considering allocating any funds or relying on them for core trading activities. Consistent vigilance and careful research are, in my view, non-negotiable when trusting a new broker.