Is LYNX free?

LYNX does charge a commission for real stock trading on US markets, so in this sense it is not a free-to-trade broker. However, it might still be a reasonable choice for some of you, as there are many other aspects other than commissions that are important when you choose a broker. If you wish to stick with LYNX though, then you will find the fees they charge below. Alternatively, you could check our article detailing the best zero commission brokers and how their apps scored in our test.

We should note that the payment-for-order-flow model, which is used by some zero-commission brokers to generate income (rather than relying on commissions), could potentially create a conflict of interest between you and your broker. This could result in trade execution (like routing your orders to specific market makers) that might be unfavorable for you under certain market conditions, especially when using market orders (as opposed to limit orders, which seem to be less affected).

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LYNX fees
Overview of LYNX fees and charges

When it comes to brokerage fees, LYNX is a mixed bag. To see how they may affect you, first you need to figure out your approach to trading - i.e. whether you are more of a buy-and-hold investor or if you want to trade frequently; or what type of assets and in what volumes you'll want to trade. Alternatively, use our questionnaire to help you tell whether LYNX fees are beneficial for you. Continue reading about LYNX fees and charges to see if this is the right broker for you, or if a similar broker like Comdirect or DEGIRO might suit you better.

Here's a high-level overview of LYNX's fees

LYNX Fees snapshot
Assets Fee level Fee terms
US stock fee 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 fee High 0.4 bps of trade value; min $4
US mutual fund fees Low 0.1% of trade value; min €6, max €45
Inactivity fee Low Called 'platform fee'; €5 per month.

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LYNX fees
LYNX fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
    • A commission is either fixed or based on the traded volume.
    • A spread is the difference between the buy price and the sell price.
    • A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

We compare LYNX fees with its closest competitors, Comdirect and DEGIRO.

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LYNX fees
LYNX trading fees

LYNX's trading fees are mixed, which means that some asset classes come with high trading fees - be sure to check these carefully.

Let's break down trading fees according to the different asset classes available at LYNX.

Trading fees

LYNX's trading fees are average.

Stock fees and ETF fees

LYNX has low stock trading fees.

Stock fees of a $2,000 trade
LYNX Comdirect DEGIRO
US stock $5.0 $15.5 $0.7
UK stock $12.6 $15.5 $2.8
German stock $7.2 $11.9 $5.8

Forex fees

LYNX's forex fees are high.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
LYNX Comdirect DEGIRO
EURUSD benchmark fee $14.7 $18.9 -
EURGBP benchmark fee $14.7 $22.1 -

Fund fees

LYNX fund fees are low.

Fees of a $2,000 fund purchase
LYNX Comdirect DEGIRO
Mutual fund $7.2 $20.0 $11.1
EU mutual fund $6.6 $20.0 $10.3

Bond fees

LYNX has low bond fees.

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

Options fees

LYNX's options fees are high.

Options fees for 10 contracts
LYNX Comdirect DEGIRO
US stock options $24.0 - -
US stock index options $24.0 - $5.0
UK stock index options $49.0 - -
German stock index options $21.0 $54.0 $10.8

Futures fees

LYNX's futures fees are low.

Stock index futures fees for 10 contracts
LYNX Comdirect DEGIRO
US micro e-mini stock index futures $12.5 - $5.0
UK stock index futures $28.0 - -
German e-mini stock index futures $12.0 $54.0 $9.0

CFD fees

LYNX has high CFD trading fees.

CFD fees and commissions on a $2,000 trade
LYNX Comdirect DEGIRO
Apple CFD $5.2 $12.0 -
Vodafone CFD $7.0 $6.2 -
Germany $6.8 $5.6 $5.7

Margin rates

LYNX margin rates are average.

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

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LYNX fees
LYNX non-trading fees

Some of LYNX's non-trading fees are average.

Non-trading fees include various brokerage fees and charges at LYNX that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how LYNX stacks up in terms of non-trading fees
LYNX Comdirect DEGIRO
Withdrawal fee $0.0 $0.0 $0.0
Deposit fee $0.0 $0.0 $0.0
Inactivity fee Yes No No
Account fee No No No

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LYNX fees
LYNX deposit fee

Usually, brokers don't charge anything for deposits, but LYNX is different: a fee will be charged when you transfer your money from your bank account to your brokerage account.

LYNX deposit methods
LYNX Comdirect DEGIRO
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No Yes
Deposit fee $0.0 $0.0 $0.0

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LYNX fees
LYNX withdrawal fee

Unfortunately, LYNX does charge a withdrawal fee of $0.0 for bank transfers. This means that you need to pay this amount when you transfer money from your brokerage account back to your bank account. Sometimes this is a flat fee, but a percentage charge may be applied in some cases. It's up to you to decide whether you can tolerate this, keeping in mind that flat fees can hurt more if you withdraw small amounts only.

LYNX withdrawal fees and options compared
LYNX Comdirect DEGIRO
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No Yes
Withdrawal fee for bank transfer $0.0 $0.0 $0.0

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LYNX fees
LYNX inactivity fee

LYNX does apply an inactivity fee and it is Called 'platform fee'; €5 per month.. Keep this in mind to avoid getting charged after a longer idle period. The fact that LYNX charges an inactivity fee makes it less ideal for you if you are a buy-and-hold investor.

The inactivity fee charged by LYNX is low.

LYNX Comdirect DEGIRO
Inactivity fee Yes No No
Inactivity fee Called 'platform fee'; €5 per month. No inactivity fee in the first 3 years after account opening, then €1.95 per month if you don't meet certain criteria No inactivity fee

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Author of this article

Ádám Nasli

Author of this article

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

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