Investment Companies

Paychs (Paychs.com)

1.4 (10 reviews)
🇦🇺 Australia
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1.4
10 reviews
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About Paychs (Paychs.com)

Paychs (Paychs.com) has been flagged by Australian Securities and Investments Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Scam alert - They took my money

E
Emily F.
2 months ago

After doing some research AFTER the fact (I know, I should have done this first), I discovered that Paychs (Paychs.com) is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.

Cons: Lost entire investment|Reported to authorities|Unresponsive

Regretting every moment spent here

H
Hannah Y.
4 months ago

I signed up with Paychs (Paychs.com) through a podcast recommendation and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.

Pros: Intuitive for beginners|Easy to use platform|Demo account available

Cons: No dark mode on mobile

No MT4/MT5 export

O
Olivia Y.
5 months ago

I am in a dispute with Paychs (Paychs.com) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.

Pros: Great customer service|Fast execution

Cons: Desktop app not available on Linux|No live chat on mobile

Impossible to get real help

H
Hannah M.
5 months ago

Where do I even begin with Paychs (Paychs.com)? for about three months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.

Pros: Low minimum deposit|Clean UI|Stable platform

Cons: None so far

Introducing broker lied to me

L
Leah T.
6 months ago

Paychs (Paychs.com) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.

Pros: Excellent charting|Responsive team|Segregated accounts

Cons: Would like more payment methods

Currency margin requirements unclear

L
Leo G.
8 months ago

The reporting at Paychs (Paychs.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.

Pros: Intuitive for beginners|Segregated accounts|Fast execution

Cons: Limited social trading features|No phone support on weekends

They deleted my negative review

M
Mark O.
10 months ago

I trusted Paychs (Paychs.com) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.

Pros: API access|Educational resources|Two-factor authentication|No hidden fees

Cons: Could offer more webinars

Regulatory warning exists for this firm

S
Samantha W.
1 years ago

For anyone considering Paychs (Paychs.com), please be aware that this company has been flagged by Australian Securities and Investments Commission. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.

Cons: Appears in regulatory warnings database|Uncertain regulatory status

Statement errors every month

S
Sarah G.
1 years ago

The only good thing about Paychs (Paychs.com) is that they remind you why regulation matters. I found them after a friend recommended them. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.

Pros: Risk management tools|Regular updates|Transparent fees

Cons: Inactivity fee applies after 12 months

Did my research - this is suspicious

J
John K.
1 years ago

I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Paychs (Paychs.com) has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.

Cons: Not registered with regulators|Unrealistic promises