Pyth has been flagged by Autorité des marchés financiers for "Unregistered/Unlicensed entity offering financial products or services". Pyth is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: pythim.com.
I had a dispute with Pyth and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Comprehensive tools|Stable platform
Cons: Email notifications too frequent|Charting tools need more indicators
I gave Pyth a fair chance. After for the past year and a half of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Instant funding|Customizable dashboard
Cons: Wish they had more educational resources|Charting tools need more indicators
I looked into Pyth and found they appear in the regulatory warnings database. Autorité des marchés financiers has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
What really bothers me about Pyth is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them from a blog post comparing services and I fell for the polished exterior. Never again.
Pros: Social trading features|Customizable dashboard
Cons: Slow to add new assets|No phone support on weekends