ANSWER Elite FX Financial Markets operates without the required licenses.Elite FX Financial Markets claims to be a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). However, our search in the registers of both institutions yielded no records, which is a significant red flag.Additionally, it is important to note that the alleged British company has received a warning from the Financial Conduct Authority (FCA) for the lack of the required authorization.In light of this, Elite FX Financial Markets is far from being a secure option. Investors should avoid responding to its offerings. It is prudent to choose fully regulated brokers.
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