Review LYNX
Established in 2006, LYNX is an introducing stockbroker of Interactive Brokers (IB) with a branch in Germany. LYNX Germany offers a broad range of market access, covering major global and European exchanges, with highly competitive stock and ETF trading fees.
While IB holds your funds, LYNX Germany manages the fee structure, ensuring transparency. Clients benefit from IB’s robust trading platforms, providing a seamless trading experience. Regulated by top-tier financial authorities, LYNX Germany is a secure and reliable broker.
Pros
- Stock and ETF trading fees are low
- Wide variety of markets and products
- Good research tools
Cons
- High minimum deposit
- Restricted deposit and withdrawal methods
- Demo account available post live account setup
Review’s Keypoints
Country of regulation
Germany, Netherlands, EU
Minimum deposit
$0 ($3000 recommended)
Time to open an account
2 days
Trading fees class
Low
Deposit with bank card
Not available
Number of base currencies supported
15
Products offered
Stocks
ETFs
Forex
Bonds
Options
Futures
CFDs
Commodities
Crypto-Futures
Crypto ETPs
ETPs
Warrants
Structured Products
Depositing with electronic wallet
Not available
Demo account provided
Yes
Fees
The sections below highlight the primary fees for each asset class. When investing with LYNX Germany, it’s essential to focus on both trading fees and non-trading fees, as these are the most critical costs to consider.
Pros
- Low stock and ETF trading rates
- Low fund rates
- Low option rates
Cons
- High forex trading costs
- High options trading costs
- Inactivity fee
Lynx Costs
- *** 1000 in EUR or USD for the stocks transaction
- *** Price per contract for Options & Futures
Account
LYNX Germany primarily serves European customers, allowing account openings from Germany, Austria, and Switzerland. Applications from non-European countries are managed through its Netherlands branch on a case-by-case basis, and more countries are eligible for account opening with other LYNX branches. Opening an account online is straightforward, but it may take up to three days for approval and setup.
Single Account
Single Account
There are two account types are available: Margin Account and Cash Account
Joint Account
Joint Account
Corporate Account
Corporate Account
Click on the card to see details
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01Submit personal details
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02Upload Proof of Identity
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03Share trading experience
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04Start Trading
Transfers
With LYNX Germany, deposits are typically processed in 1-2 business days but can take up to 4. Deposits are exclusively made via bank transfer. For non-EUR deposits, you must request LYNX Germany’s bank details. Withdrawals are handled directly through the LYNX portal, with one free withdrawal per month; additional withdrawals incur a fee.
Pros
- One withdrawal per month is free
- No minimum deposit fee
Cons
- First WD is free; subsequent WD incur a flat fee
- Transfers exclusively via bank transfer
- Limited payment methods
Trading Platforms
LYNX Basic
LYNX Germany offers two web trading platforms: LYNX Basic and Account Management. LYNX Basic is user-friendly, supports 2FA via smartphone app or SMS, and is available in 10 languages. It features various order types, transparent fees, a performance measurement tool, the ability to split portfolios to group positions, and advanced charting with TradingView charts. Additionally, it includes a tool for easily creating option combinations. Account Management, provided by Interactive Brokers, is used primarily for money transfers and account management.
LYNX Mobile trading platform
The mobile trading platform offered by LYNX Germany, powered by Interactive Brokers, is feature-rich and mirrors the desktop version. It includes 2FA for secure login and supports 13 languages. The platform provides 12 different order types and includes advanced tools such as Fundamentals Explorer, Option Trader, Chart Trader, and TradingView charts. Available for both Android and iOS, it may seem complex initially but offers extensive functionality for experienced traders.
LYNX Desktop
The desktop platform provided by LYNX Germany, powered by Interactive Brokers, is designed for experienced traders, offering advanced features and extensive customizability. It includes 2FA for secure login and supports 10 different languages. The platform boasts more than 60 order types, along with alerts and a suite of powerful tools such as Option Trader, Fundamentals Explorer, ChartTrader, BookTrader, and Volatility Tools. While it offers robust capabilities, it may present a steep learning curve for those unfamiliar with advanced trading systems.
Offering
Tools
Trading Ideas
The desktop platform, powered by Interactive Brokers, boasts advanced features and high customizability, making it ideal for experienced traders. It offers ETF replication, chatbot trading, and more.
Fundamental Data
A variety of fundamental data is accessible, including 6-year financial statements, a dividend calendar, and a list of comparable companies.
Charting
LYNX Germany provides advanced charting tools, including TradingView, offering customizable charts, technical indicators, and direct trade execution for efficient market analysis.
News Feed
The news feed, sourced from agencies like Reuters, allows filtering by companies, topics, and more.
Other tools
Numerous research tools are available, including the Chart Trader, Option Trader, FX Trader, Book Trader, Combo Trader, Strategy Builder, Basket Trader, Volatility Trader, Scale Trader, and Option Strategy Lab to enhance your trading strategies.
Regulation
LYNX Germany is regulated by top-tier financial authorities, ensuring a high level of security and compliance. It operates under the supervision of BaFin (Federal Financial Supervisory Authority) in Germany and adheres to strict European regulations, including MiFID II. This robust regulatory framework provides clients with confidence in the safety and transparency of their investments.
Bottom Line
LYNX Germany provides low equity and ETF trading fees, a robust mobile platform, and access to a diverse range of markets and products. However, it only supports bank transfers for deposits and withdrawals and has a relatively high minimum deposit requirement.
Additionally, the desktop platform, while feature-rich, can be challenging for some users. Overall, LYNX Germany is an excellent choice for European clients who prioritize cost-effective trading and a strong mobile experience, as long as they are comfortable with a more complex desktop platform and meeting the deposit threshold.