Summary

Recommended for any European traders looking for low stock and ETF fees and a good mobile trading platform

LYNX is a Netherlands-based stockbroker founded in 2006.

LYNX is an introducing broker of Interactive Brokers (IB). In practice, this means that your deposited funds will be held by IB but fees are charged by LYNX. You can also use IB's trading platforms. 

LYNX is considered safe because both LYNX and Interactive Brokers are regulated by top-tier financial authorities.

Overall Rating
4.3
Fees
3.2
Account opening
2.5
Deposit and withdrawal
3.5
Trading platform
3.4
Markets and products
5.0
Research
3.5
Customer service
4.0
Education
3.0

LYNX pros and cons

LYNX's market and product range is great, giving you access to the important international and also to some local European exchanges. Its stock and ETF trading fees are low, and the mobile trading platform is great.

LYNX deposit and withdrawal options are somewhat limited, as you can only use bank transfer. There is a hefty €3,000 minimum deposit, and the desktop trading platform is not particularly user-friendly.

Pros Cons
Wide range of markets and products Deposit and withdrawal options limited
Low stock and ETF trading fees €3,000 minimum deposit
Great mobile platform Overly complex desktop platform
LYNX main features and highlights
🗺️ Country of regulation Netherlands, UK, USA
💰 Trading fees class Average
💰 Inactivity fee charged Yes
💰 Withdrawal fee amount $0
💰 Minimum deposit $3,600
🕖 Time to open an account >3 days
💳 Deposit with bank card Not available
👛 Depositing with electronic wallet Not available
💱 Number of base currencies supported 20
🎮 Demo account provided Yes
🛍️ Products offered Stock, ETF, Forex, Fund, Bond, Options, Futures, CFD, Crypto

Author of this review

Ádám Nasli

Author of this review

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Ádám Nasli

Broker Expert

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

LYNX review
Fees

3.2
To find out more about its trading and non-trading fees, visit LYNX

or
Compare to its best reviewed alternative: Comdirect
LYNX has low trading fees for stocks, ETFs and funds, but its options fees are high and it also charges an inactivity fee.
Pros Cons
Low stock and ETF fees / Free stock trading Inactivity fee
Low fund fees High options fees
LYNX fees snapshot
Assets Fee level Fee terms
US stock Low Up to 2,000 shares: $0.01 per share; from 2,000 shares: $0.005 per share. Min $5, max 2% of the transaction
EURUSD Average 0.4 bps of trade value; min $4
Mutual fund Low 0.1% of trade value; min €6, max €45
Inactivity fee Low Called 'platform fee'; €5 per month.

How we ranked fees

We ranked LYNX's fee levels as low, average or high based on how they compare to those of all reviewed brokers.

First, let's go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.

In the sections below, you will find the most relevant fees of LYNX for each asset class. For example, in the case of stock investing the most important fees are commissions.

We also compared LYNX's fees with those of two similar brokers we selected, Comdirect and DEGIRO. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of LYNX alternatives.

To have a clear overview of LYNX, let's start with the trading fees.

LYNX trading fees

LYNX trading fees are average.

Stock fees and ETF fees

LYNX has average stock and ETF commissions compared with the rest of the online brokerage market. Note that LYNX's fee structure is a bit different in each country they operate in. We checked Lynx.nl fees (applicable to Dutch clients).

LYNX stock and ETF commission of a $2,000 trade
  LYNX Comdirect DEGIRO
US stock $5.0 $15.5 $0.7
UK stock $11.7 $15.5 $2.6
German stock $7.2 $11.9 $5.8

LYNX charges a volume-based commission on stock and ETF trading. This can be per-share or percentage-based.

Market Commission Min Max
North America
US Up to 2,000 shares: $0.01 per share; 2,000+ shares: $0.005 per share $5 2% of the trade value
Canada Up to 2,000 shares: CAD 0.02 per share; 2,000+ shares: CAD 0.01 per share CAD 5 1% of the trade value
Mexico 0.20% of the trade value MXN 80 -
Europe
The Netherlands 0.06% of the trade value €6 €45
Germany, Austria 0.10%-0.14% of the trade value €6 €99 - €120
Belgium, France, Germany, Italy, Spain 0.09% of the trade value €6 €45
UK 0.10% of the trade value £9 -
Switzerland 0.11% of the trade value CHF 15 -
Norway 0.15% of the trade value NOK 40 -
Sweden 0.15% of the trade value SEK 40 -
Poland 0.15% of the trade value PLN 25 -
Hungary 0.15% of the trade value HUF 2000 -
Asia-Pacific
Australia 0.15% of the trade value AUD 10 -
Japan 0.15% of the trade value JPY 500 -
China 0.20% of the trade value CNH 50 -
Hong Kong 0.15% of the trade value HKD 50 -
Singapore 0.15% of the trade value SGD 5 -

If you prefer stock trading on margin, you should check LYNX's financing rates.

Trading on margin basically means that you borrow money from your broker and can purchase more shares than you could with just the available cash in your account. You have to pay interest on this borrowed money – the interest rate is called the margin rate. It can account for a significant portion of your trading costs.

LYNX margin rates are average.

LYNX annual margin rates
  LYNX Comdirect DEGIRO
USD margin rate 3.6% - 1.3%
GBP margin rate 3.5% - 1.3%
EUR margin rate 3.5% 4.0% 0.8%

Forex fees

LYNX forex fees are average. Among its closest competitors, forex fees are noticeably higher, while you can't trade forex at DEGIRO.

To have a clear picture on forex fees we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commission, spreads and financing costs for all brokers.

LYNX forex benchmark fee of a $20,000 30:1 long position held for one week
  LYNX Comdirect DEGIRO
EURUSD benchmark fee $11.4 $18.9 -
GBPUSD benchmark fee $12.7 $18.2 -
AUDUSD benchmark fee $12.7 $22.2 -
EURCHF benchmark fee $11.7 $19.5 -
EURGBP benchmark fee $14.7 $22.1 -

The forex fee is €4 per one lot. A lot is 100,000 units of the respective currency, for example, €100,000 for EURUSD trading.

Fund fees

LYNX fund fees are low, but not the lowest. They are lower than DEGIRO's and Comdirect's fund fees. However, it appears you can only invest in European investment funds at LYNX.

LYNX commission for a $2,000 fund purchase
  LYNX Comdirect DEGIRO
Mutual fund $7.2 $20.0 $11.1

Fund fees are calculated as 0.1% of the trade value, and there is a minimum charge of €6 and a maximum of €45.

Bond fees

LYNX has generally high bond fees.

LYNX commission of a $10,000 government bond trade
  LYNX Comdirect DEGIRO
US Treasury bond $10.0 $34.5 -
EU government bond $16.8 $30.9 $11.0

Options fees

LYNX options fees are considered high, though not the highest on the market.

LYNX stock index options commission of 10 contracts
  LYNX Comdirect DEGIRO
US stock index options $24.0 - $5.0
UK stock index options $45.5 - -
German stock index options $21.0 $54.0 $10.8

Futures fees

LYNX futures fees are average compared to the market, but much higher than at DEGIRO.

LYNX stock index futures commission of 10 contracts
  LYNX Comdirect DEGIRO
US micro e-mini stock index futures $12.5 - $5.0
UK stock index futures $26.0 - $0.0
German e-mini stock index futures $12.0 $54.0 $9.0

CFD fees

LYNX has high stock index CFD and average stock CFD fees.

To have a clear understanding of CFD fees we calculated a CFD benchmark fee for the selected products. This catch-all benchmark includes commissions, spreads, and financing costs for all brokers.

LYNX CFD benchmark fees, for a $2,000 long position held for one week
  LYNX Comdirect DEGIRO
S&P 500 index CFD fee $12.8 $1.7 -
Europe 50 index CFD fee $15.1 $2.3 -
Apple CFD fee $10.9 $25.5 -
Vodafone CFD fee $13.6 $13.8 -

We calculated with 20:1 leverage for stock index CFDs and 5:1 leverage for single stock CFDs.

Crypto fees

At LYNX you can buy cryptos through ETNs (exchange-traded notes). At the time of our review, it was possible to trade Bitcoin and Ethereum ETNs on the Stockholm Stock Exchange. The trading cost here is 0.14% of the trade value or a minimum of SEK 40. If you want to understand what a crypto ETN is, check out our crypto blogpost.

Non-trading fees

LYNX has average non-trading fees overall, including an inactivity fee called 'platform fee'. 

LYNX non-trading fees
  LYNX Comdirect DEGIRO
Account fee No No No
Inactivity fee Yes No No
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0

The inactivity fee is a maximum of €5 per month. It is calculated as €5 minus transaction costs incurred during the month. So for example, if your trading costs added up to only €3 in a month, a further €2 would be debited to make it €5 in total.

If you have a portfolio exceeding €100,000, you will be exempt from this fee. New customers are also exempt from the platform fee after making their first deposit and in the following three months.

The first withdrawal of every calendar month is free. Subsequent withdrawal charges vary by currency:

LYNX withdrawal fees
Currency Fee
CHF 11
CZK 300
DKK 30
EUR - SEPA 1
EUR - Wire 8
GBP 7
HUF 6,000
ILS 30
NOK 50
PLN 40
RUB 330
SEK 50
USD 10
ZAR 200

LYNX review
Account opening

2.5
To experience the account opening process, visit LYNX

or
Compare to its best reviewed alternative: Comdirect
The account opening process at LYNX is smooth and fully digital, but it took us over three days to complete, and there is a high €3,000 minimum deposit.
Pros Cons
Fully digital Slow
User-friendly The minimum deposit is €3,000

Can you open an account?

Visit broker

It is not immediately evident from which countries you can open a LYNX account. LYNX's webpage has localized versions for the Netherlands, Belgium, France, Germany, Switzerland, Poland, Slovakia and Finland.

Customer support told us that you can open an account from most European countries. International clients will be onboarded via the Dutch entity of LYNX. For customers outside Europe, LYNX will review applications on a case-by-case basis, but if you have any ties to the Netherlands, you will be most likely accepted.

What is the minimum deposit at LYNX?

The required LYNX minimum deposit is €3,000 (~$3,600), one of the highest on the market. You can also open an account by transferring your portfolio from another broker, provided that it has an aggregate value of at least €3,000.

Account types

You can choose from three account types, based on ownership:

  • Individual - you are the only account owner
  • Joint - there are multiple account owners
  • Corporate - a legal entity is the account owner; here, a minimum deposit (or portfolio transfer) of €20,000 applies

Youl also need to select whether you wish to have a cash or a margin account. To be able to short stocks or options, or to buy on margin, you'll need a margin account. However, margin accounts are only available if you're older than 21.

Normal (cash) accounts can be opened if you're older than 18. With a cash account, it takes three days after selling a stock to gain access to the sum credited. That's because according to industry standards, most securities have a settlement date that occurs on the trade date plus 2 business days (T+2). That means if you sell a stock on a Monday, the settlement date would be Wednesday. This doesn't really make a difference for investors, but for traders, a margin account usually works out better.

How to open your account

The account opening process is fully digital and easy to launch. On the negative side, the overall process is slow; approval took us more than three days.

The three steps of LYNX account opening:

  1. Enter your personal and financial information.
  2. Add info about your trading experience and fill out a questionnaire on your financial knowledge.
  3. Verify your identity and residency. Upload a national ID or passport to verify your identity; bank statements are accepted as proof of residency.
LYNX review - Account opening

LYNX review
Deposit and withdrawal

3.5
To find out more about the deposit and withdrawal process, visit LYNX

or
Compare to its best reviewed alternative: Comdirect
You can fund your account in many base currencies, and you have one free withdrawal per month. However, you can only use bank transfer.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies
One free withdrawal per month

Account base currencies

At LYNX, you can choose from 21 base currencies. The available base currencies are: 

LYNX account base currencies
Australian Dollar British Pound Canadian Dollar Chinese Offshore Yuan
Czech Koruna Danish Krone Euro Hungarian Forint
Hong Kong Dollar Israeli Shekel Japanese Yen Mexican Peso
New Zealand Dollar Norwegian Krone Polish Zloty Russian Rouble
Singapore Dollar South African Rand Swedish Krona Swiss Franc
US Dollar      

In comparison with others,

Base currencies at LYNX vs similar brokers
  LYNX Comdirect DEGIRO
Number of base currencies 20 12 9

Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don't have to pay a conversion fee.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bankYou can get great currency exchange rates as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

Compare digital banks

Deposit fees and options

LYNX charges no deposit fees. However, deposit options are limited, as you can only use bank transfer

LYNX deposit options
  LYNX Comdirect DEGIRO
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No Yes

Bank transfers can take up to 4 business days to arrive. We tested it and it took us 2 business days.

You can only deposit money from accounts that are in your name.

LYNX review - Deposit and withdrawal - Deposit

LYNX withdrawal fees and options

LYNX charges no withdrawal fees for the first transfer of every calendar month. Subsequent withdrawals incur a fee; for example, a SEPA transfer costs €1.

LYNX withdrawal fees and options
  LYNX Comdirect DEGIRO
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No No
Withdrawal fee $0 $0 $0

How long does it take to withdraw money from LYNX? We tested the bank transfer withdrawal and it took 2 business days. However, according to the LYNX website, it can take up to 4 days.

You can only withdraw money to accounts in your name.

How do you withdraw money from LYNX?

  • Enter the Client Portal, then click 'Transfer & Pay' and 'Transfer funds'
  • Select the account you want to use for the transaction
  • At the top of the page, click the 'Withdraw Funds' tab
  • Select the currency of your withdrawal, then the withdrawal method
  • Fill in the required information (this is different for each withdrawal method)
  • Submit your withdrawal request
  • In 'View Transaction History', you can see the status of your request

Compare to other brokers

LYNX review
Web trading platform

3.3
To try the web trading platform yourself, visit LYNX

or
Compare to its best reviewed alternative: Comdirect
The LYNX web trading platform is simple and easy to use, with multiple order types and clear fee reports. On the negative side, it lacks two-step login, customizability and price alerts.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report Limited customizability (for charts, workspace)
Good variety of order types No price alerts
LYNX platforms to choose from
Trading platform Score Available
Web 3.3 stars Yes
Mobile 3.8 stars Yes
Desktop 2.8 stars Yes

LYNX offers two web trading platforms: LYNX Basic and Account Management

LYNX Basic is LYNX's own web trading platform, while Account Management is provided by Interactive Brokers. For transferring money and managing your account, you can only use the Account Management platform.

In this review, we tested LYNX Basic. If you are interested in the Account Management platform, you can read more about it in the Interactive Brokers review.

LYNX Basic is available in English, Dutch, German, French, Czech, Finnish and Polish.

On December 7, 2020, Bloomberg News reported that Interactive Brokers (IB) had a major outage resulting in its users being unable to trade for several hours. Since LYNX is an introducing broker of Interactive Brokers, the turmoil also influenced its operations. The error was reportedly caused by a “high availability” data system provided by another company, which IB didn’t name. On the positive side, IB informed clients right away and apologized for the technical issues.

Look and feel

The LYNX web trading platform is user-friendly and good for execution. It is well-designed but lacks customizability

LYNX review - Web trading platform

Login and security

LYNX provides only one-step login. A two-step login process would be more secure.

Search functions

The search functions are OK. You can search based on tickers and company names, but search results aren't ranked by relevancy. For example, if you search for Apple, the German stock exchange appears first and not the US NASDAQ.

You can also search within product types, which is a useful feature. 

LYNX review - Web trading platform - Search

Placing orders

You can use the following order types:

  • Market
  • Limit
  • Stop
  • Stop limit
  • Trail
  • Trailing %

To get a better understanding of these terms, read this overview of order types.

There are also order time limits you can use:

  • Good 'til cancelled (GTC)
  • Good 'til the end of the day (GTD)
LYNX review - Web trading platform - Order panel

Alerts and notifications

You cannot set price alerts and notifications. We found this surprising, as there is a 'Notifications' tab on the platform but there are no notification settings.

Portfolio and fee reports

LYNX provides a clear portfolio report and a separate fee report. You can access these through the 'Performance' and 'Portfolio' tabs.

Visit broker

LYNX review
Mobile trading platform

3.8
To try the mobile trading platform yourself, visit LYNX

or
Compare to its best reviewed alternative: Comdirect
LYNX has a great mobile trading platform, provided by Interactive Brokers. It has lots of interesting functions such as a chatbot, but could be improved in some areas.
Pros Cons
Two-step (safer) login User interface is a bit complex
Good search function
Good variety of order types

The LYNX mobile trading platform is available for both iOS and Android. In this review, we tested it on Android.

The mobile trading platform is available in English, German, Spanish, French, Italian, Russian, Dutch, Turkish, Chinese and Japanese.

Look and feel

The mobile trading app is handier compared with the web platform. Still, its overall look and user-friendliness lags behind the mobile platforms of many other brokers.

LYNX review - Mobile trading platform

Login and security

You can use two-step authentication during login, which is safer than a simple login. Furthermore, if your device has a fingerprint reader, you can also use biometric authentication for added convenience.

Search functions

The search function works well, just like on the web trading platform. You can access the search button easily from any menu.

When you type in the asset you are looking for, the app lists all asset types. For example, if you search for Apple, you can choose among Apple stock, futures, options, warrants or CFDs.

LYNX review - Mobile trading platform - Search

After you have selected the product are you interested in, you will be greeted by an information and trading window that shows:

  • Asset market information 
  • An interactive chart with technical indicators
  • Related news
  • Some fundamental data
  • Summary of the latest analyst report
  • The buy and sell buttons that take you to the order panel

Placing orders

The order panel is highly advanced with a wide range of order types:

  • Market
  • Limit
  • Stop-loss
  • Stop limit
  • Market/limit if touched
  • Trailing stop
  • Relative
  • Market/limit on close
  • Bracket

There are also several order terms you can use:

  • Good 'til cancelled (GTC)
  • Good 'til the end of the day (GTD)
  • At the opening
LYNX review - Mobile trading platform - Order panel

Alerts

You can set alerts only via the chatbot, which is not the most intuitive method.

Special feature - Chatbot

However, on its own, the most innovative and exciting function within the app is the chatbot, called IBot. You can use the chatbot to execute or close an order, or to get basic info quickly.

LYNX review - Mobile trading platform - Chatbot

The chatbot understands basic commands, such as “apple price” or “buy 1 apple share.” On top of this, you can also search for company fundamentals, like dividend yields or PE ratios. Some other functions, like displaying a chart, are also available via the chatbot.

LYNX review - Mobile trading platform - Chatbot charting

Visit broker

LYNX review
Desktop trading platform

2.8
To try the desktop trading platform yourself, visit LYNX

or
Compare to its best reviewed alternative: Comdirect
LYNX offers a desktop platform with advanced features and great customizability. For these reasons, though, it is not user-friendly and is mostly recommended for advanced traders.
Pros Cons
Clear fee report Not user-friendly
Good customizability (for charts, workspace) No two-step (safer) login
Good variety of order types The platform is not completely translated to English

The LYNX desktop platform is powered by Interactive Brokers. It is so advanced and has so many functions that even a separate review would not be able to do it justice. 

In the desktop trading platform, you have literally everything you could desire. Were you dreaming of replicating your favourite ETF? Wondered whether it's possible to trade via chatbots? Yep, with the LYNX desktop trading platform, you can do it all.

It is available in multiple languages, but some features haven't been translated from Dutch.

Look and feel

The LYNX desktop trading platform is not very user-friendly and is very complicated. If you are an advanced trader, the platform is ideal. However, if you're just starting out or if you prefer long-term investments, you won't be able to take advantage of most features.

As a plus, the platform is highly customizable. You can set up your own templates.

LYNX review - Desktop trading platform

Login and security

LYNX provides only one-step login. A two-step login process would be safer.

Search functions

The search functions are OK. You can search based on a ticker or the name of the company you are looking for, and results will appear in alphabetical order. You cannot filter for product types, which would be a useful feature.

LYNX review - Desktop trading platform - Search

Placing orders

The order functions are great, ranking among the most extensive on the market. Some of them are intended for advanced, professional traders. A few examples of available order types:

  • Market
  • Limit
  • Stop-loss
  • Trailing stop
  • Relative
  • RPI

There are also many order terms you can use:

  • Good 'til canceled (GTC)
  • Good 'til end of the day (GTD)
  • Good 'til time (GTT)
  • At the open
  • Immediate or cancel
  • Good after date/time
LYNX review - Desktop trading platform - Order panel

Alerts and notifications

Price alerts and order notifications can be set up on the configuration panel. You can select email, SMS or push notifications. Furthermore, you can set alerts for your daily profit or loss, trade executions, etc.

Portfolio and fee reports

LYNX's desktop platform has clear portfolio and fee reports.

Visit broker

LYNX review
Markets and products

5.0
To dig even deeper in markets and products, visit LYNX

or
Compare to its best reviewed alternative: Comdirect
At LYNX, you can trade the full spectrum of asset classes and gain access to many markets.
LYNX asset classes
  LYNX Comdirect DEGIRO
Stock Yes Yes Yes
ETF Yes Yes Yes
Forex Yes Yes No
Fund Yes Yes Yes
Bond Yes Yes Yes
Options Yes Yes Yes
Futures Yes Yes Yes
CFD Yes No No
Crypto Yes Yes Yes

LYNX has an outstanding product portfolio. From stocks to CFDs, you will find everything. It is essentially the same as Interactive Brokers's offer, as LYNX is IB's introducing broker.

The total value of your portfolio (securities plus cash) must be at least $2,000 (or an equivalent amount in a different currency) in order to be able to trade all options, futures, and American shares. If your portfolio does not reach this minimum, you will still be able to trade European shares and options.

Stocks and ETFs

LYNX's stock and ETF selection are great. It is bigger than either DEGIRO's or Comderict's offerings.

LYNX stock and ETF selection
  LYNX Comdirect DEGIRO
Stock markets (#) 78 27 30
ETFs (#) 13,000 1,700 5,400

Forex

LYNX offers a wide range of currency pairs for trading. Its selection tops that of most rival brokers.

LYNX forex selection
  LYNX Comdirect DEGIRO
Currency pairs (#) 105 72 -

Funds

LYNX lists a higher number of funds than its competitors. However, it appears you can only invest in European investment funds.

LYNX mutual fund selection
  LYNX Comdirect DEGIRO
Fund providers (#) 260 91 64

Bonds

LYNX offers an outstanding number of bonds, well above DEGIRO's bond selection.

LYNX bond selection
  LYNX Comdirect DEGIRO
Bonds (#) 60,000 62,000 649

Options

LYNX has great options coverage. You can access exchanges all over the world.

LYNX options selection
  LYNX Comdirect DEGIRO
Options markets (#) 33 5 12

Futures

LYNX's futures offer is also ahead of its competitors.

LYNX futures selection
  LYNX Comdirect DEGIRO
Futures markets (#) 32 1 14

CFDs

At LYNX you can trade only stock and stock index CFDs, while Comdirect has commodity CFDs. 

LYNX CFD selection
  LYNX Comdirect DEGIRO
Stock index CFDs (#) 13 57 -
Stock CFDs (#) 7,100 1,000 -
Commodity CFDs (#) - 18 -
Bond CFDs (#) - 4 -

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Cryptos

You can invest in Bitcoin and Ethereum through ETN instruments traded on the Stockholm Stock Exchange. If you want to know more about crypto investing, we recommend our crypto blogpost.

LYNX crypto selection
  LYNX Comdirect DEGIRO
Cryptos (#) 2 10 2

FCA bans the sale of crypto-derivatives to UK retail consumers from 6 January 2021.

LYNX review
Research

3.5
To check the available research tools and assets, visit LYNX

or
Compare to its best reviewed alternative: Comdirect
From advanced charting to great fundamental data, you will find almost everything at LYNX. However, its research features may be too complex for most users.
Pros Cons
Good interactive chart Not user-friendly
Trading ideas
Data on asset fundamentals

Research tools are available through the LYNX desktop trading platform.

Trading ideas

LYNX provides trading ideas under the 'Analyst Ratings' tab. You can read recommendations by analysts from the biggest investment banks.

LYNX review - Research - Recommendations

Fundamental data

LYNX provides a broad selection of fundamental data. Just to mention a few, you can check companies' financial statements for the past 6 years, a dividend calendar, and a list of peer group companies.

LYNX review - Research - Fundamental data

Charting

Charting features are almost endless at LYNX. There are more than 100 technical indicators, but just like the desktop trading platform, the charting tool requires some trading experience.

LYNX review - Research - Charting

News feed

The news feed is great. Information is provided by top-tier news agencies like Reuters. You can filter based on companies, topics and many other criteria.

LYNX review - Research - News feed

Other research tools you will enjoy

There is a wide range of other research tools available. 

An example is the Market Scanner, where you can filter stocks by various criteria such as sector, price, volume, etc. You can use this tool for other asset classes as well, like bonds, futures or CFDs.

LYNX review - Research - Market Scanner

Compare research pros and cons

LYNX review
Customer service

4.0
To find customer service contact information details, visit LYNX

or
Compare to its best reviewed alternative: Comdirect
LYNX has good customer service, including local language support, but unfortunately it is not available 24/7.
Pros Cons
Phone support No 24/7 support
Live chat
Fast response time

You can contact LYNX via:

  • live chat
  • telephone
  • email

Lynx.nl is available via email, chat and phone from 8:00 to 22:00 (GMT+1).

LYNX's live chat is available on the local websites for Austria, Belgium, Czech Republic, Finland, Germany, The Netherlands, Slovakia and Switzerland. We tested the Dutch one, where the response time was fast but the relevancy of the answers was very poor. We only got an automated response from the chatbot, pointing to Investopedia articles.

LYNX phone support was also fast and we got relevant answers.

Email responses generally took 1 business day. The answers to our questions were likewise relevant.

LYNX review - Customer Service

Visit broker

LYNX review
Education

3.0
To check the available education material and assets, visit LYNX

or
Compare to its best reviewed alternative: Comdirect
LYNX's education content is mid-range. You can open a demo account, but most educational material is only available in local languages.
Pros Cons
Demo account No trading platform tutorial videos
No educational videos

LYNX offers a demo account, but only on the desktop platform and on the Account Management platform. It would be great if you could use a demo account on the LYNX Basic platform as well.

There are webinars and some quality educational articles. These are available only in some languages. The only extensive English educational tool is a 1,600-page long manual for the desktop platform.

LYNX offers no educational or platform tutorial videos. 

LYNX review - Education

Visit broker

LYNX review
Safety

To find out more about safety and regulation, visit LYNX

or
Compare to its best reviewed alternative: Comdirect
LYNX is the introducing broker of Interactive Brokers; both belong to top-tier regulators. However, LYNX is not listed on an exchange and publishes only limited financial information.
Pros Cons
Majority of clients belong to a top-tier financial authority Does not hold a banking license
High level of investor protection Not listed on stock exchange
Negative balance protection Financial information is not publicly available

Is LYNX regulated?

Yes, it is regulated by the Netherlands Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB).

LYNX is based in The Netherlands and was founded in 2006.

Is LYNX safe?

To be certain, we highly advise that you check two facts:

  • how you are protected if something goes wrong
  • what the background of the broker is

How you are protected

LYNX is an introducing broker of Interactive Brokers. This means that Interactive Brokers will hold your assets (both cash and securities). In the unlikely case that LYNX defaults, your assets would still be with Interactive Brokers.

Interactive Brokers's UK entity is regulated by the Financial Conduct Authority (FCA), while the US entity is regulated by the Financial Industry Regulatory Authority (FINRA).

You will get the same investor protection as the regular clients of Interactive Brokers. This investor protection is slightly complicated, as it depends on the products you trade:

  • If you trade forex, CFDs, non-US stock index options or futures, the money involved in these trades is covered by the FCA's £85,000 investor protection scheme. 
  • If you trade stocks, bonds, funds or US stock index options, the money involved in these trades is protected by US investor protection of $500,000, including a cash limit of $250,000.

Our best advice is to ask customer service from time to time about the exact protection amount applicable to your actual portfolio.

LYNX also provides negative balance protection for forex spot and CFD trading, but only for retail clients from the European Union. Professional and non-EU clients are not covered by any negative balance protection.

Background

Interactive Brokers will be holding your funds, so let's check its background.

IB dates back to 1978; this shows that it has survived multiple economic crises. IB is listed on the NASDAQ, which increases transparency as it has to publish financial statements regularly.

Nonetheless, there is only a limited amount of financial and management information available on LYNX itself, which is not ideal for transparency.

Still, being regulated by top-tier financial authorities, and being an introducing broker of a strong and reputable company are all great signs for LYNX's safety.

Find your safe broker

LYNX review
Bottom line

Visit LYNX if you are looking for further details and information

or
Compare to its best reviewed alternative: Comdirect

LYNX has low stock and ETF trading fees, a great mobile trading platform, and offers a wide range of markets and products

On the other hand, deposit and withdrawal options are limited to bank transfers. There is also a steep €3,000 minimum deposit and the desktop platform is too complex for most users.

Feel free to try LYNX if you are a European client seeking low stock and ETF trading fees and a good mobile trading platform.

Visit broker

Share

Comments

×