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Elite Capitals is unverified, with claims of being regulated by ASIC, which raises red flags. The lack of a valid regulatory framework leaves investors exposed to potential risks such as fraud, poor customer service, or difficulty in withdrawing funds. Without official regulatory oversight, there’s no way to ensure the protection of client funds or hold the broker accountable for any operational missteps. From my perspective, Elite Capitals may appear legitimate on the surface, but its unverified status and potential issues with regulation make it an unreliable option. I would recommend exercising caution and considering alternative brokers that are fully regulated to ensure safety and transparency.