Is LYNX free?

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Is LYNX free as of September 2024?

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

4/5

Minimum deposit

$3,240

Stock fee

Low

Options fee

High

Inactivity fee

yes

Account opening

>3 days

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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	Average	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	It is called 'platform fee'; €5 per month.

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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 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 LYNX	Comdirect Comdirect	DEGIRO DEGIRO
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	$5.0 Up to 2,000 shares: $0.01 per share; from 2,000 shares: $0.005 per share. Min $5, max 2% of the transaction	$13.9 0.25% of trade value + €7.9 (min. €12.9, max. €62.9)	$2.2 €2 per trade (€1 commission plus a €1 handling fee)
UK stock fee Estimated commission of a $2,000 trade, assuming a $50 stock price	$11.3 0.10%, min £9	$13.9 0.25% of trade value + €7.9, min €12.9 max €62.9	$3.4 £2.75 per trade (£1.75 commission plus a £1 handling fee)
German stock Estimated commission of a $2,000 trade	$6.5 0.14% of trade value, min €6, max €99	$10.7 0.25% of trade value + €4.9, min €9.9 max €59.9	$5.3 €4.90 per trade (€3.90 commission plus a €1 handling fee)

Data updated on September 23, 2024

Forex fees

LYNX's forex fees are high.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
	LYNX LYNX	Comdirect Comdirect	DEGIRO DEGIRO
EURUSD benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$17.3	$22.7	- EURUSD is not available
EURGBP benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$17.3	$25.3	- EURGBP is not available

Data updated on September 23, 2024

Fund fees

LYNX fund fees are low.

Fees of a $2,000 fund purchase
	LYNX LYNX	Comdirect Comdirect	DEGIRO DEGIRO
Mutual fund Estimated commission of a $2,000 US domiciled fund trade	$6.5 0.1% of trade value; min €6, max €45	$20.0 0-5% of trade value, charged only for buying	$4.2 €3.9 and 0.2% annual administration fee
EU mutual fund Subscription fee of a $2,000 face value European stock fund	$6.6 0.10% of trade value; min €6, max €45	$20.0 0-5% of trade value, only the buying is charged	$10.3 0.1% + €7.5 and 0.2% yearly administration fee

Data updated on September 23, 2024

Bond fees

LYNX has low bond fees.

Fees of a $10,000 bond trade
	LYNX LYNX	Comdirect Comdirect	DEGIRO DEGIRO
US Treasury bond Estimated commission of a $10,000 US treasury bond trade	$10.0 0.10% of trade value; min $5	$33.5 0.25% of trade value + €7.9	- Not available
EU/UK government bond Estimated commission of a $10k EU or UK government bond trade	$15.1 0.14% of trade value; min €6	$30.3 0.25% of trade value + €4.9	$3.2 €3 (€2.00 fee + a €1 handling fee)

Data updated on September 23, 2024

Options fees

LYNX's options fees are high.

Options fees for 10 contracts
	LYNX LYNX	Comdirect Comdirect	DEGIRO DEGIRO
US stock options Estimated commission for opening 10 contracts	$24.0 $2.4 per contract	- Not available	- Not available
US stock index options Estimated commission for 10 contracts	$24.0 $2.4 per contract	- Not available	$7.5 $0.75 per contract
UK stock index options Estimated commission for 10 contracts	$43.8 £3.5 per contract	- Not available	- Not available
German stock index options Estimated commission for 10 contracts	$18.9 €1.75 per contract	$48.6 €4.5 per contract, min €19 per trade	$9.7 €0.75 per contract

Data updated on September 23, 2024

Futures fees

LYNX's futures fees are low.

Stock index futures fees for 10 contracts
	LYNX LYNX	Comdirect Comdirect	DEGIRO DEGIRO
US micro e-mini stock index futures Estimated commission for 10 contracts	$12.5 $1.25 per contract	- Not available	$7.5 $0.75 per contract
UK stock index futures Estimated commission for 10 contracts	$25.0 £2 per contract	- Not available	- Not available
German e-mini stock index futures Estimated commission for 10 contracts	$10.8 €1 per contract	$48.6 €4.5 per contract, min €19 per trade	$8.1 €0.75 per contract

Data updated on September 23, 2024

CFD fees

LYNX has high CFD trading fees.

CFD fees and commissions on a $2,000 trade
	LYNX LYNX	Comdirect Comdirect	DEGIRO DEGIRO
Apple CFD Commission for a $2,000 stock CFD trade	$5.1 Up to 2,000 shares $0.01 per share, from 2,000 shares $0.005 per share. Minimum $5.	$10.8 0.1%, min €4.9 max €59.9	- Not available
Vodafone CFD Commission for a $2,000 stock CFD trade	$6.3 0.09% of trade value; min £5	$5.9 0.1%, min €4.9 max €59.9	- Not available
Germany Commission for a $2,000 stock CFD trade	$6.8 0.09% of trade value; min €6	$5.6 0.1%, min €4.9	$5.7 0.058% + €4, max €60

Data updated on September 23, 2024

Currency conversion fee

LYNX will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: 0.4 bps of trade value; min $4.

Margin rates

LYNX margin rates are low.

LYNX margin rates
	LYNX LYNX	Comdirect Comdirect	DEGIRO DEGIRO
USD margin rate	8.3% Interest on Margin Loans: IB rate + 2%	- Not available	6.9% Unallocated debit rate (USD) is 6.9%
EUR margin rate	7.5% Interest on Margin Loans: IB rate + 2%	8.7% 8.67% annual rate	6.9% Unallocated debit rate (EUR) is 6.9%

Data updated on September 23, 2024

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LYNX non-trading fees

When it comes to non-trading fees, LYNX is a rather cheap broker.

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 LYNX	Comdirect Comdirect	DEGIRO DEGIRO
Withdrawal fee Fee for withdrawing money from the broker account. It is zero if you can withdraw money for free via any method, e.g. credit/debit card or bank transfer.	$0 One free per month, after that €1-€8 for EUR withdrawals and $10 for USD withdrawals	$0 Free withdrawal	$0 Free withdrawal
Deposit fee	$0 Free deposit	$0 Free deposit	$0 Free deposit
Inactivity fee Fee applied if a customer does not trade for a certain length of time	Yes It is called 'platform fee'; €5 per month.	No No inactivity fee in the first 3 years after account opening, then €1.95 per month if you don't meet certain criteria	No No inactivity fee
Account fee Monthly account fee	No No account fee	No No account fee	No No account fee

Data updated on September 23, 2024

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LYNX

4/5

Minimum deposit

$3,240

Stock fee

Low

Options fee

High

Inactivity fee

yes

Account opening

>3 days

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LYNX deposit fee

Usually, brokers don't charge anything for deposits, and LYNX is no different.

LYNX deposit methods
	LYNX LYNX	Comdirect Comdirect	DEGIRO DEGIRO
Bank transfer Bank transfer is available for deposit	Yes	Yes	Yes
Credit/debit card Credit/debit cards are available for deposit	No	No	No
Electronic wallets Electronic wallets are available for deposit	No	No	No
Deposit fee	$0 Free deposit	$0 Free deposit	$0 Free deposit

Data updated on September 23, 2024

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LYNX withdrawal fee

LYNX generally doesn't charge a withdrawal fee.

LYNX withdrawal fees and options compared
	LYNX LYNX	Comdirect Comdirect	DEGIRO DEGIRO
Bank transfer Bank transfer is available for deposit	Yes	Yes	Yes
Credit/debit card Credit/debit cards are available for deposit	No	No	No
Electronic wallets Electronic wallets are available for deposit	No	No	No
Withdrawal fee for bank transfer Fee for withdrawing money from the broker account. It is zero if you can withdraw money for free via any method, e.g. credit/debit card or bank transfer.	$0 One free per month, after that €1-€8 for EUR withdrawals and $10 for USD withdrawals	$0 Free withdrawal	$0 Free withdrawal

Data updated on September 23, 2024

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LYNX inactivity fee

LYNX does apply an inactivity fee and it is 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 LYNX	Comdirect Comdirect	DEGIRO DEGIRO
Inactivity fee Fee applied if a customer does not trade for a certain length of time	Yes It is called 'platform fee'; €5 per month.	No No inactivity fee in the first 3 years after account opening, then €1.95 per month if you don't meet certain criteria	No No inactivity fee
Inactivity fee Fee applied if a customer does not trade for a certain length of time	It is 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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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60.0% 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.

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