LYNX Review 2019

4.4 4 stars · Mar 2019
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LYNX logo

LYNX a Netherlands-based stockbroker founded in 2006.

LYNX is also an introducing broker of Interactive Brokers. This practically means that your deposited funds will be held at Interactive Brokers' accounts. You can also use IB's trading platforms. However, the fees are charged by LYNX and other services, like account opening, markets and products, customer service and education are also provided by LYNX.

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

Recommended for European traders aiming for low trading fees, great research tools, and local customer support.

Pros
  • Low trading fees
  • Great research tools
  • Wide range of markets and products
Cons
  • Deposit and withdrawal are not user-friendly
  • €3,000 minimum deposit
  • High inactivity fee

LYNX pros and cons

LYNX has low trading fees and well-developed research tools. Its offered markets and products range is great, providing access to the important international and also to some local European exchanges.

LYNX deposit and withdrawal should be improved. It is not user-friendly and you can use only bank transfer. There is a €3,000 minimum deposit and it charges a high, €5 per month inactivity fee.

Compare to other brokers

LYNX review
Fees 3 stars

LYNX has low trading and average non-trading fees.

Pros
  • Low trading fees
  • No withdrawal fee
Cons
  • Inactivity fee
LYNX Fees snapshot
AssetsFee levelFee terms
US stock feeLowUp to 2,000 shares $0.01 per share, from 2,000 shares $0.005 per share. Minimum $5; maximum 1% of the transaction
EURUSD feeLow€4 per lot
US tech fund fee-Not available
Inactivity feeHighIt is called platform fee and it is €5 per month.

To get things rolling, let's go over some broker fee lingo. You need to keep an eye on trading fees, financing rates, and non-trading fees.

We compare LYNX fees with its peers, DEGIRO and Saxo Bank.

We analyzed the fees of LYNX Netherlands but the pricing can vary a bit from country to country.

Let's start with the trading fees.

Trading fees

LYNX trading fees are low for all asset classes except for options and futures. 

Stock fees and ETF fees

LYNX in general has low stock trading fees. It is low for US and German markets, but quite high for the UK market.

Stock fees of a $2,000 trade
  LYNX DEGIRO Saxo Bank
USA $5.0 $0.6 $9.9
UK $13.1 $5.4 $7.2
Germany $6.8 $5.7 $11.4

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, from 2,000 shares $0.005 per share $5 2% of the trade value
Canada Up to 2,000 shares CAD 0.01 per share, from 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
Belgium, France, Germany, the Netherlands, Italy, Spain 0.06% to 0.10% of the trade value €6 €45
Austria 0.10% of the trade value €6 €120
Portugal 0.15% of the trade value €6 -
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 2,000 -
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 -

Forex fees

LYNX forex fees are low. It is much lower than at Saxo Bank. DEGIRO does not offer forex. 

Forex fees of a $20,000 30:1 position open, 1-week-hold, and close
  LYNX DEGIRO Saxo Bank
EURUSD benchmark fee $16.0 - $58.4
EURGBP benchmark fee $17.0 - $27.2

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

Fund fees

European fund fees are low at LYNX. It can even compete with the fees of a discount broker, like DEGIRO.

A $2,000 fund buy fees
  LYNX DEGIRO Saxo Bank
USA tech fund buy - $10.6 -
Europe stock fund buy $6.8 $10.6 -

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

Bond fees

LYNX has low bond fees. It is much cheaper than Saxo and a bit higher than DEGIRO.

Bond fees of a $10,000 trade
  LYNX DEGIRO Saxo Bank
USA $10.0 - $91.2
Europe $16.0 $11.5 $91.2

Options fees

LYNX has quite high options fees, higher than at DEGIRO, but not as high as at Saxo Bank.

Stock index options fees of 10 contracts
  LYNX DEGIRO Saxo Bank
USA $24.0 $6.5 $60.0
UK $50.8 - $72.5
Germany $20.0 $10.3 $68.4

LYNX charges a commission for each option contract you trade. For example, this is $2.4 per contract for the US stock index options.

Futures fees

The futures fees are average.

Stock index futures fee of 10 contracts
  LYNX DEGIRO Saxo Bank
USA $35.0 $6.5 $60.0
UK $29.0 $30.2 $72.5
Germany $28.5 $10.3 $68.4

Similarly to the options fees, the futures fees are volume-based. For example, $3.5 per contract is charged for the US stock index futures.

CFD fees

LYNX has low CFD trading fees. We compared the commissions of stock CFDs.

CFD fees, commission of a $2,000 trade
  LYNX DEGIRO Saxo Bank
USA $5.0 $0.7 $10.0
UK $7.3 $5.7 $11.6
Germany $6.8 $5.7 $11.4

Crypto fees

At LYNX you can buy cryptos only through ETNs (exchange-traded notes). At the time of our LYNX review, you can trade with Bitcoin and Ether ETNs on the Stockholm Stock Exchange. LYNX trading cost here is 0.15% of the trade value or minimum SEK 40. If you want to understand what is a crypto ETN check out our crypto blogpost.

Financing rates

LYNX's financing rates are average.

Financing rates are charged when you hold your leveraged positions for more than a day. It can be a significant proportion of your trading costs.

LYNX yearly financing rates
  LYNX DEGIRO Saxo Bank
Apple financing rate 7.1% 4.3% 7.1%
Vodafone financing rate 5.3% 2.5% 5.3%
EURUSD financing rate 3.8% - 15.5%
EURGBP financing rate 3.8% - 6.7%

LYNX charges a 3-3.5% premium over the benchmark rate. For example, the pricing for the Apple CFD is 3.5% + USD LIBOR overnight rate.

Non-trading fees

LYNX has average non-trading fees.

It has no account fee and it provides one free withdrawal per month. However, there is a €5 monthly inactivity fee if you don't generate at least €5 commission per month. LYNX calls this a platform fee.

LYNX non-trading fees
  LYNX DEGIRO Saxo Bank
Account fee No No No
Inactivity fee Yes No Yes
Withdrawal fee $0 $0 $0

The withdrawal fee varies 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 3 stars

LYNX's account opening is fully digital and user-friendly. However, there is a €3,000 minimum deposit.

Pros
  • Fully digital account opening
  • User-friendly
Cons
  • Minimum account balance is higher than $500

Can you open an account?

It is not transparent from which countries you can open an account. We believe from most European countries it is possible to open an account.

Minimum deposit

LYNX has a €3,000 minimum deposit. It is one of the highest on the market. 

Account types

You can choose from three different account types:

  • Individual - you are the only account owner
  • Joint - there are more account owners
  • Corporate- a legal entity is the account owner

How to open your account

The account opening is seamless, fast, and fully digital. Your account will be ready for trading in 2-3 business days.

The three steps of LYNX account opening:

  1. Provide your personal and financial information.
  2. Provide your trading experience and fill out a test on your financial knowledge.
  3. Verify your identification and residency. You can upload national ID, passport, or driver's license for verifying your ID. Utility bill and bank statements are accepted for residency verification.

LYNX review - Account opening

LYNX review
Deposit and withdrawal 2 stars

You can fund your account in many base currencies and there is also one free withdrawal per month. However, you can transfer money only in bank transfer and the process is not user-friendly.

Pros
  • No deposit fee
  • Several account base currencies
  • One free withdrawal per month
Cons
  • Credit/Debit card deposit and withdrawal not available
  • Not user-friendly

LYNX offers its deposit and withdrawal through Interactive Brokers' tool being its introducing broker.

Account base currencies

At LYNX, you can have your account in 21 base currencies.

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      

This is pretty good as DEGIRO has 9 and Saxo Bank has 32 base currencies.

Why does this matter? Two things. First, if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. Second, if you trade assets in the same currency as your account base currency, you will not have to pay a conversion fee.

A convenient way to save on the currency conversion fees can be to open a multi-currency bank account. Revolut or Transferwise both offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. The account opening only takes a few minutes on your phone.

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Deposit fees and options

LYNX deposit fees are free of charge.

However, deposit options are limited, as you can use only bank transfer. 

The process is not user-friendly. First, you have to submit a request at Account Management on the broker side. Next, you have to initiate the transaction through your bank. It would be better if the whole process was integrated into the LYNX deposit service.

LYNX deposit options
  LYNX DEGIRO Saxo Bank
Bank transfer Yes Yes Yes
Credit/Debit card No No Yes
Electronic wallets No Yes No

Bank transfer can take 2-3 business days to arrive. We tested it and it took 2 business days.

You can only deposit money from a bank account on your name.

LYNX review - Deposit and withdrawal - Deposit

Withdrawal fees and options

One withdrawal per month is free. LYNX charges a withdrawal fee for additional withdrawals. The withdrawal fee depends on the currency, but it is generally around ~$10 per withdrawal. 

Similarly to deposit, you can use only bank transfer. 

LYNX withdrawal fees and options
  LYNX DEGIRO Saxo Bank
Bank Transfer Yes Yes Yes
Credit/Debit card No No No
Electronic wallets No No No
Withdrawal fee $0 $0 $0

LYNX notes that if you withdraw before the daily cut-off time, the money is sent instantly. Then it is up to your bank when it arrives. We tested it and received money back in 2 business days.

You can only withdraw money to bank accounts on your name. 

Compare to other brokers

LYNX review
Web trading platform 3 stars

The LYNX web trading platform is simple and easy to use. You can execute your order via several order types. On the negative side, it lacks the two-step login, customizability, and price alerts.

Pros
  • User-friendly
  • Good variety of order types
Cons
  • No two-step (safe) login
  • Limited customizability (for charts, workspace)
  • No price alerts
LYNX Platforms to Choose From
Trading platformScoreAvailable
Web3 / 5 starsYes
Mobile4 / 5 starsYes
Desktop3 / 5 starsYes

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 Account Management, you can read more about it in the Interactive Brokers review.

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

Look and feel

LYNX web trading platform is great for execution, but not the most advanced. 

It is well designed and user-friendly but lacks customization.

LYNX review - Web trading platform

Login and security

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

Search functions

The search functions are OK. You can search easily, but not the most relevant results are on the top. E.g. if you search for Apple, the German stock exchange appears first and not the US NASDAQ.

LYNX review - Web trading platform - Search

Placing orders

You can use the basic order types:

  • Market
  • Limit
  • Stop-loss
  • Trailing stop

If you are not familiar with these order types, you should read this overview.

There are also order terms you can use:

  • Good 'til canceled (GTC)
  • Good 'til end of the day (GTD)

LYNX review - Web trading platform - Order panel

Alerts and notifications

You cannot set up price alerts and get notifications after your order was executed. We felt this strange as there is a bell pictogram on the platform which usually indicates that price alerts are available. 

Portfolio and fee reports

LYNX provides a clear portfolio report, but does not have a fee report. Within the portfolio report you can easily check your profit-loss, liquidation, etc. The missing fee report seriously decreases the transparency of the fee calculation.

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LYNX review
Mobile trading platform 4 stars

LYNX has a great mobile trading platform, provided by Interactive Brokers. It has lots of functions, even a chatbot. On the other side, user-friendliness could be improved.

Pros
  • Two-step (safe) login
  • Good search function
  • Innovative functions (i.e. Chatbot)
Cons
  • Not user-friendly

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

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

Look and feel

LYNX mobile trading platform's user-friendliness is not the best.

LYNX review - Mobile trading platform

Login and security

If you have a mobile phone with a fingerprint sensor, the app requires fingerprint authentication, a convenient and safe solution.

Search functions

The search functions work well.

After finding the asset you are looking for, you can choose from its various asset types. For example, if you search for Apple, you can choose between Apple stock, futures, options, warrants and CFDs.

LYNX review - Mobile trading platform - Search

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 canceled (GTC)
  • Good 'til end of the day (GTD)
  • At the opening

LYNX review - Mobile trading platform - Order panel

Alerts and notifications

On the LYNX mobile trading platform, you can set up price alerts and get notifications after your trade was executed. 

Special feature - Chatbot

The most innovative and exciting function within the app is the chatbot. You can use the chatbot for basic functions. For example, you can execute an order or close a position very quickly.

LYNX review - Mobile trading plaftorm - Chatbot buy

The chatbot understands the basic commands, like “apple price” or “buy 1 apple share." On top of this, you can also search for company fundamentals, like dividend yields or P/E ratios. Some of the functions like the chart are also available within the chatbot.

LYNX review - Mobile trading platform - Chatbot chart

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LYNX review
Desktop trading platform 3 stars

LYNX offers a desktop trading platform with advanced features, many customizable options, and advanced execution functions. However, the platform is not user-friendly and only suited for advanced traders.

Pros
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Price alerts
Cons
  • Not user-friendly
  • Poor search function

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 cover it all. 

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

It is available in English, German, French, Spanish, Italian, Dutch, Chinese, Japanese. It was confusing for us that some features, like the profit/loss balance, are in Dutch.

Look and feel

LYNX desktop trading platform is not user-friendly and it is very complicated. If you are an advanced and professional user, the platform is ideal. However, if you start trading now or you prefer long-term investments, you can hardly take advantage of all its 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 a one-step login. A two-step login would be more secure.

Search functions

The search function is not the best. Search results are not structured and it is quite difficult to filter out the noise.

For example, if you search for Apple, the structured and derivative products are presented first and the real stock is presented in the middle of the list.

LYNX review - Desktop trading platform - Search

Placing orders

The order functions are great, probably the largest list in the market. Some of them are designed for advanced, professional traders. A couple of 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 at the configuration panel. You can select from email, SMS, or push notifications.

Furthermore, you can select if you want to get alerts about your daily profit or loss, trade execution, etc.

Portfolio and fee reports

Reporting at the LYNX desktop trading platform is very transparent.

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LYNX review
Markets and products 4 stars

At LYNX you can trade with all the asset classes and reach many markets.

  LYNX DEGIRO Saxo Bank
Stock Yes Yes Yes
ETF Yes Yes Yes
Forex Yes No Yes
Fund Yes Yes No
Bond Yes Yes Yes
Options Yes Yes Yes
Futures Yes Yes Yes
CFD Yes Yes Yes
Crypto Yes Yes Yes

LYNX has a good product portfolio. From stocks to CFDs, you will find everything. At stocks, forex, options, and futures LYNX are really competitive. The bond and CFD product range is average, while the fund selection is not competitive.

Stock and ETF

The LYNX stock and ETF selection is great. It is comparable with DEGIRO's and Saxo Bank's offers.

  LYNX DEGIRO Saxo Bank
Stock markets (#) 34 32 36

The available stock markets include the largest international and the smaller stock exchanges in Europe, like the Hungarian stock exchange. You can trade with penny stocks as well.

Forex

LYNX offers a wide range of currency pairs for trading. More than many competitor brokers, but not as much as Saxo. DEGIRO does not provide forex trading.

  LYNX DEGIRO Saxo Bank
Currency pairs (#) 80 - 182

Fund

LYNX offers a limited range of funds. You can trade with funds listed on Eurnext.

  LYNX DEGIRO Saxo Bank
Fund providers (#) 10 68 -

Bond

There is no information on how many bonds are available for trading. We checked a couple of bonds on the trading platform and you can trade with the government bonds of big developed countries, like Germany or the USA, but cannot trade with the bonds of smaller countries.

Options

LYNX has great options coverage. You will get access to exchanges all over the world.

  LYNX DEGIRO Saxo Bank
Options markets (#) 27 13 5

Futures

Similarly to the options, the futures offer is wide, providing more markets than DEGIRO and Saxo Bank.

  LYNX DEGIRO Saxo Bank
Futures markets (#) 29 12 23

CFD

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading 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.

At LYNX you can trade only with stock and stock index CFDs. The number of CFDs offered is similar to DEGIRO, but limited in comparison to Saxo Bank.

  LYNX DEGIRO Saxo Bank
Stock index CFDs (#) 7 - 29
Stock CFDs (#) 700 900 8,900

Crypto

You can invest in Bitcoins and Ether through ETN instruments traded on the Swedish stock exchange. If you want to know more about crypto investing, we recommend our crypto blogpost.

LYNX review
Research 4 stars

LYNX research has endless possibilities. From an advanced charting to great fundamental data, you will find almost everything. On the flip side, it is not user-friendly.

Pros
  • Good interactive chart
  • Analyst recommendations for stocks, bonds, etc.
  • Data on asset fundamentals
Cons
  • Not user-friendly

The research tools are available through the LYNX desktop trading platform.

Recommendations

The analyst recommendations can be found under the "Analyst Ratings" function. The analysts are from the biggest investment banks of Wall Street.

LYNX review - Research - Recommendations

Fundamental data

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

LYNX review - Research - Fundamental data

Charting

The charting features are almost endless at LYNX. There are more than 100 technical indicators, but just like the desktop trading platform, the charting tool is not user-friendly.

LYNX review - Research - Charting

News feed

The news feed is OK. It is provided by top-tier third-parties, like Reuters, but has a bad design which makes the news hardly readable.

Other research tools you will enjoy

The Market Scanner is a market screener where you can filter the different assets. For example, you can filter stocks by sector, price, volume, etc. You can use this tool for other asset classes as well, like bonds, futures, CFDs.

LYNX review - Research - Market Scanner

There are a lot of other research tools as well. Feel free to ckeck them on the platform.

Compare research pros and cons

LYNX review
Customer service 4 stars

LYNX has a OK level of customer support. It is great that you can also contact them in local languages, like Polish or Slovakian. On the other hand, you do not get relevant answers from either the telephone or email support.

Pros
  • Fast response time
  • Available in local languages
Cons
  • Irrelevant answers

You can contact LYNX via:

  • live chat
  • telephone
  • email

LYNX live chat is available on these local websites: Austria, Belgium, Czech Republic, Finland, Germany, the Netherlands, Slovakia, and Switzerland. We tested the Dutch live chat. They could speak in English and gave fully relevant answers.

LYNX phone support was not the best. They answered within a minute, but the answers we got were not helpful.

The email support is OK as well. We got answers within one day, however, these were not relevant as contained only links to the website. It also happened that LYNX wanted to contact us by phone instead of answering our email question.

The customer service is available from Monday to Friday, between 8:00 to 22:00 GMT+1 timezone. We missed the 24/7 availability.

LYNX review - Customer Service

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LYNX review
Education 3 stars

LYNX education is mid-range. You can have a demo account for the desktop trading platform, but the educational videos are only in local languages.

Pros
  • Good production quality
  • Demo account for desktop platform
Cons
  • No trading platform tutorial videos
  • No educational videos

LYNX offers a demo account, but only on the desktop trading platform. It would be great if you could use a demo account for the web trading platform as well.

There are also webinars and some quality educational articles. These are available only in some languages, like German or Dutch.

LYNX offers no educational or platform tutorial videos. 

LYNX review - Education

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LYNX review
Safety

LYNX is the introducing broker of Interactive Brokers. Both LYNX and Interactive Brokers are regulated by top tier regulators. LYNX also provides negative balance protection. On the other hand, you can access only limited financial information about the company.

Pros
  • Regulated by top tier financial authority
  • Negative balance protection
Cons
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available

LYNX is a Netherlands-based broker established in 2006.

Is LYNX safe? To be certain, it is best to check two things: how you are protected if something goes wrong and what the background of the broker is.

How you are protected

LYNX is an introducing broker of Interactive Brokers. This means Interactive Brokers will hold your assets. If LYNX defaults, your assets still would be with Interactive Brokers. 

You will get also the same investor protection as the regular clients of Interactive Brokers. This investor protection is a little complicated. It depends on the product you trade: 

  • If you trade with forex, CFDs, non-US stock index options, and futures, you are protected by the FCA's £50,000 of investor protection scheme. 
  • If you trade with stocks, bonds, funds, US stock index options, you are protected by the US investor protection, i.e. $500,000, with a cash limit of $250,000.

As you can see, it is not totally transparent. Our best advice is to ask the customer service from time to time about the protection amount of your actual portfolio.

Both LYNX and Interactive Brokers are regulated by top-tier regulators:

  • LYNX is regulated by the Dutch Central Bank (DNB) and The Netherlands Financial Markets Authority (AFM)
  • Interactive Brokers' UK entity is regulated by the Financial Conduct Authority (FCA), while the US entity regulated by the Financial Industry Regulatory Authority (FINRA)

LYNX also provides negative balance protection.

Background

Interactive Brokers will be holding your funds, so we have to check its background.

Interactive Brokers' foundation dates back to 1978. During this more than 40 years, a lot of economic crisis occurred and IB is still on the top among the brokers. This is also a sign for you that Interactive Brokers is a safe broker.  

It is listed on the New York Stock Exchange which increases the transparency as it has to publish financial statements regularly. 

Being regulated by top-tier regulators and being an introducing broker for a strong company are all great signs for LYNX's safety.

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LYNX review
Bottom line

LYNX has low trading fees, great research tools, and offers a wide range of markets and products. 

On the other hand, the deposit and withdrawal are not user-friendly and you can use only bank transfer. There is also a €3,000 minimum deposit and a high inactivity fee.

Feel free to try LYNX if you are a European client and prefer low trading fees, great research tools, and local customer support.

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LYNX logo

LYNX a Netherlands-based stockbroker founded in 2006.

LYNX is also an introducing broker of Interactive Brokers. This practically means that your deposited funds will be held at Interactive Brokers' accounts. You can also use IB's trading platforms. However, the fees are charged by LYNX and other services, like account opening, markets and products, customer service and education are also provided by LYNX.

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

Recommended for European traders aiming for low trading fees, great research tools, and local customer support.

Compare to other brokers

Overall 4 stars

Pros
  • Low trading fees
  • Great research tools
  • Wide range of markets and products
Cons
  • Deposit and withdrawal are not user-friendly
  • €3,000 minimum deposit
  • High inactivity fee

Fees 3 stars

Pros
  • Low trading fees
  • No withdrawal fee
Cons
  • Inactivity fee

Account opening 3 stars

Pros
  • Fully digital account opening
  • User-friendly
Cons
  • Minimum account balance is higher than $500

Deposit and withdrawal 2 stars

Pros
  • No deposit fee
  • Several account base currencies
  • One free withdrawal per month
Cons
  • Credit/Debit card deposit and withdrawal not available
  • Not user-friendly

Web trading platform 3 stars

Pros
  • User-friendly
  • Good variety of order types
Cons
  • No two-step (safe) login
  • Limited customizability (for charts, workspace)
  • No price alerts

Mobile trading platform 4 stars

Pros
  • Two-step (safe) login
  • Good search function
  • Innovative functions (i.e. Chatbot)
Cons
  • Not user-friendly

Desktop trading platform 3 stars

Pros
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Price alerts
Cons
  • Not user-friendly
  • Poor search function

Markets and products 4 stars

The available asset classes to trade:

  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto

Research 4 stars

Pros
  • Good interactive chart
  • Analyst recommendations for stocks, bonds, etc.
  • Data on asset fundamentals
Cons
  • Not user-friendly

Customer service 4 stars

Pros
  • Fast response time
  • Available in local languages
Cons
  • Irrelevant answers

Education 3 stars

Pros
  • Good production quality
  • Demo account for desktop platform
Cons
  • No trading platform tutorial videos
  • No educational videos

Safety

Pros
  • Regulated by top tier financial authority
  • Negative balance protection
Cons
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available

AUTHOR OF THIS REVIEW

Gergely Korpos
Gergely Korpos
Co-founder, CPO
Gergely's aim is to bring more clarity into personal investing. He has 10 years of experience in financial markets with GE Money, KPMG and MOL. He concluded thousands of trades as a commodity trader and financial portfolio manager

METHODOLOGY

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

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