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Review LYNX

LYNX, established in 2006 and affiliated with Interactive Brokers in the Netherlands, supports IB’s trading platforms and is regulated by top-tier financial bodies, ensuring safety for its users. While it offers good research tools and is recommended for European traders due to low stock and ETF fees and a solid mobile trading platform, it’s worth noting that LYNX charges its own fees and requires a relatively high minimum deposit.

Recommended to:

The broker is recommended for any European trader that is seeking low stock and ETF fees and a great mobile trading platform.

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

Netherlands, UK, USA

Minimum deposit

$3,240

Time to open an account

3 days

Trading fees class

Low

Deposit with bank card

Not available

Number of base currencies supported

21

Products offered

Stocks

ETFs

Forex

Funds

Bonds

Options

CFDs

Cryptos

Depositing with electronic wallet

Not available

Demo account provided

Yes

Fees

The sections below highlight the primary fees for each asset class. When considering investing with LYNX, for instance, what you should pay attention to are trading fees and the non-trading fees, as they are the most crucial fees.

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

Assets
Costs Level
Costs Terms
Assets
US Stocks
Costs Level
Average
Costs Terms
$5
Assets
EU Stocks
Costs Level
Average
Costs Terms
€6
Assets
US Options
Costs Level
Low
Costs Terms
$0.79
Assets
EU Options
Costs Level
Average
Costs Terms
€2.4
Assets
US Futures
Costs Level
Low
Costs Terms
$1.25
  • *** 1000 in EUR or USD for the stocks transaction
  • *** Price per contract for Options & Futures

Transfers

Ith LYNX, deposits are typically processed in 1-2 business days but can take up to 4. Deposits are exclusively via bank transfer. For non-EUR deposits, request LYNX’s bank details. Withdrawals are direct from the LYNX portal, with one free withdrawal monthly; additional withdrawals incur a fee.

Pros

  • One withdrawal per month is free
  • Zero deposit fee

Cons

  • High minimum deposit
  • Limited payment methods

Trading Platforms

LYNX Basic

LYNX offers two web trading platforms: LYNX Basic & Account Management. LYNX Basic, user-friendly but lacking adaptability, supports multiple languages and offers various order types and transparent fees. Account Management, by Interactive Brokers, is solely for money transfers and account management.

LYNX Mobile trading platform

The mobile trading platform, by Interactive Brokers, is feature-rich with options like a chatbot and mirrors the desktop version. Available for Android and iOS, it may seem complex initially. It supports multiple languages including English, German, Spanish, and Chinese.

LYNX Desktop

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. However, it's important to note that the desktop platform can be quite complicated, requiring a steep learning curve for those unfamiliar with advanced trading systems.

Offering

LYNX in numbers:

0
Markets
0
Countries
0
Currencies

Stocks and ETF's

LYNX has a very broad range of stocks & ETFs

Forex

LYNX offers a wide variety of currency pairs to trade

Funds

LYNX only offers the possibility to trade in European funds

Bonds

LYNX offers a wide range of bonds

Futures

LYNX has more futures on offer than its competitors

CFDs

At LYNX you can only trade stocks and stock index CFDs

Options

LYNX has great coverage for options

Cryptos

You can invest in Bitcoin and Ethereum through ETN instruments

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.

Graphs

LYNX offers over 100 technical indicators on its card. However, like the desktop platform, the chart tool needs trading experience.

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 Market Scanner, which filters stocks and other assets like bonds and CFDs by criteria like sector and volume.

Regulation

LYNX is overseen by the Netherlands’ AFM and DNB. It’s an introducing broker for Interactive Brokers, who will hold your assets. If LYNX defaults, assets stay with Interactive Brokers. Negative balance protection is offered for EU retail clients in forex and CFDs, but not for professional or non-EU clients. Interactive Brokers, established in 1978 and listed on NASDAQ, ensures transparency through regular financial statements. However, limited information is available on LYNX, which isn’t ideal. Yet, supervision by top-tier regulators and association with a reputable company highlight LYNX’s safety.

Bottom Line

LYNX offers low equity and ETF trading fees, an excellent mobile platform, and a wide variety of markets and products. However, it only supports bank transfers for deposits and withdrawals and requires a high minimum deposit.

 

The desktop platform can be complex for many users. This makes LYNX a good option for European clients seeking cost-effective trading and a strong mobile platform, provided they can navigate a more intricate desktop system and meet the deposit requirements.

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