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LYNX Review 2024

Written by
Gyula L.
Fact checked by
Adam N.
Updated
1w ago
Key data
Fees
Safety
Deposit and withdrawal
Account opening
Mobile app
Desktop platform
Product selection
Regulated and trusted. Tested via live trading.
1,697 people chose this broker
Not available in United States; see best alternatives

Why choose LYNX

LYNX is a Dutch stockbroker established in 2006. Its range of offered markets and products is great, giving you access to most stock exchanges a global investor might be interested in. Stock and ETF trading fees are low, and the research tools provided are great.

On the negative side, 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.

BrokerChooser gave LYNX a 4.0/5 rating based on analyzing 600+ criteria and testing via opening a live account.

  • Wide range of markets and products
  • Low stock and ETF trading fees
  • Great research tool
  • Pays interest on uninvested cash

Explore the key metrics of LYNX

Overall score
4/5
Minimum deposit
$3,240
Stock fee
Low
Options fee
High
Inactivity fee
yes
Account opening
>3 days

Not sure if this is the right broker for you? See the best ones.

See how the best brokers in the United States compare to LYNX

US stock fee
Estimated commission of a $2,000 trade, assuming a $50 stock price

Fees

Score: 3.1/5
LYNX has low trading fees for stocks, ETFs and funds, but its forex and options fees are high and it also charges an inactivity fee.
  • Low fund fees
  • Low stock and ETF trading fees

We compared LYNX's fees with two similar brokers we selected, Comdirect and DEGIRO. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of LYNX alternatives.

Low stock and ETF commission

LYNX US stock fees are higher than the industry average. US stock fees are calculated as follows: Up to 2,000 shares: $0.01 per share; from 2,000 shares: $0.005 per share. Min $5, max 2% of the transaction

Broker
US stock
LYNX
$5.0
Comdirect
$13.9
DEGIRO
$2.2
LYNX stock and ETF commission

Low margin rates

LYNX USD margin rate fees are slightly lower than the industry average. USD margin rate fees are calculated as follows: Interest on Margin Loans: IB rate + 2%

Broker
USD margin rate
LYNX
8.8%
Comdirect
-
DEGIRO
6.9%
LYNX annual margin rates

High options commission

LYNX US stock index options fees are much higher than the industry average. US stock index options fees are calculated as follows: $2.4 per contract

Broker
US stock index options
LYNX
$24.0
Comdirect
-
DEGIRO
$7.5
LYNX stock index options commission

The same fee ($2.4/contract) is applied for trading options on individual US stocks.

Low inactivity fee, no withdrawal fee

Broker
Inactivity fee
Withdrawal fee
LYNX
$0
Comdirect
$0
DEGIRO
$0
LYNX inactivity, withdrawal and other fees

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
EUR - SEPA 1
EUR - Wire 8
USD 10

Other commissions and fees

Low mutual fund commission: trading mutual funds involves the following charges - 0.1% of trade value; min €6, max €45.

Low futures fees: US index futures fees are as follows - $1.25 per contract.

High FX fees: LYNX charges a forex commmission: 0.4 bps of trade value; min $4. Spread costs come on top of this, e.g. the EUR/USD spread is 0.2.

Low bond commission: US treasury bonds come with the following charges - 0.10% of trade value; min $5.

Broker
Mutual fund
US micro e-mini stock index futures
LYNX
$6.5
$12.5
Comdirect
$20.0
-
DEGIRO
$4.2
$7.5
Misc. fees compared with other brokers

Safety

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.
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Negative balance protection
Read more

Deposit and withdrawal

Score: 2.6/5
You can fund your account in many base currencies and you get one free withdrawal per month, but bank transfers are the only way to move money to/from your account.
  • No deposit fee
  • Several account base currencies
  • One free withdrawal per month
Read more

Account opening

Score: 2.5/5
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.
  • Fully digital
  • User-friendly
Read more

Mobile app

Score: 3.5/5
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.
  • Two-step (safer) login
  • Good variety of order types
  • Price alerts
Read more

Desktop platform

Score: 3.8/5
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.
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
Read more

Product selection

Score: 5/5
At LYNX, you can trade the full spectrum of asset classes and gain access to many markets.
Read more
“I recommend LYNX for any European traders looking for low stock and ETF fees and a good mobile trading platform.”

FAQ

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Author of this review

Gyula Lencsés, CFA
Gyula Lencsés, CFA

Gyula is a former analyst expert and Head of Content at BrokerChooser. With over a decade in finance, he led content creation at BrokerChooser and personally evaluated some of our 100+ listed brokers. He opened real-money accounts, executed transactions, and engaged with customer services, offering firsthand assessments. Prior to BrokerChooser, he managed mutual funds in wealth management, trading stocks, ETFs, bonds, commodities, forex, and derivatives. His goal: simplify the hunt for top brokers in a dynamic investment landscape.

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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