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Our top alternative brokers to LYNX
DEGIRO
4.3
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Waiting list and longer account opening time
Saxo Bank
4.8
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Our top alternative brokers to LYNX
DEGIRO
4.3
Visit broker
Waiting list and longer account opening time
Saxo Bank
4.8
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LYNX Alternatives

The best alternatives to LYNX are

  1. DEGIRO - Dutch discount broker
  2. Saxo Bank - Danish investment bank

Let's see in a bit more detail how the LYNX alternatives compare to LYNX and each other:

LYNX alternatives comparison
LYNX DEGIRO Saxo Bank
Overall score 4.2 4.3 4.8
Fees score 2.9 stars 5.0 stars 2.9 stars
Account opening score 2.5 stars 1.3 stars 2.6 stars
Deposit and withdrawal score 2.5 stars 3.3 stars 4.8 stars
Web platform score 3.3 stars 4.0 stars 5.0 stars
Markets and products score 5.0 stars 3.6 stars 5.0 stars
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Waiting list and longer account opening time
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Why are these brokers considered good alternatives to LYNX? There are many areas based on which LYNX can be compared with others. When we say a given online broker is a good alternative to LYNX we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

LYNX alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • LYNX is recommended for european traders looking for low stock and etf fees and a good mobile trading platform
  • DEGIRO is recommended for price-sensitive buy-and-hold investors and traders looking only to carry out transactions
  • Saxo Bank is recommended for investors and traders looking for a great trading platform and solid research

Important factors of finding LYNX alternatives

So far BrokerChooser has reviewed 63 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether LYNX or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. The amounts LYNX charges you are considered average. When picking an alternative, you could prioritize brokers that are cheaper than LYNX.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At LYNX, the account opening is slower than average, so if you consider this important some LYNX alternatives can be a good choice.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at LYNX, some alternatives might allow you to do that.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given LYNX alternative is a must.


Now let's dive into the details of how LYNX and its alternatives perform in the most important areas!

LYNX alternatives
LYNX

LYNX is 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 but the 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 regulators.

Recommended for european traders looking for low stock and etf fees and a good mobile trading platform

Pros Cons
Wide range of markets and products Deposit and withdrawal are not user-friendly
Low stock and ETF trading fees €3,000 minimum deposit
Great mobile platform Not user-friendly desktop platform

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Fees
2.9

LYNX has low trading fees for stocks, ETFs and funds. On the other hand, its forex fees are high and it charges an inactivity fee.
Pros Cons
Low stock and ETF fees High forex fees
Low fund fees Inactivity fee
LYNX alternatives trading fees
LYNX DEGIRO Saxo Bank
US stock $5.0 $0.6 $10.0
UK stock $10.8 $2.4 $9.6

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k

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Account opening
2.5

LYNX's account opening is fully digital and user-friendly. However, there is a €3,000 minimum deposit and the account opening took us over three days.
Pros Cons
Fully digital Slow
User-friendly Minimum deposit is higher than $500
LYNX alternatives minimum deposit and account open times
LYNX DEGIRO Saxo Bank
Minimum deposit $3,300 $0 $10,000
Time to open account >3 days >3 days 1-3 days

Learn more about LYNX minimum deposit here.

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Deposit and withdrawal
2.5

You can fund your account in many base currencies and there is also one free withdrawal per month. However, you can only use bank transfer and the process is not user-friendly.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee Not user-friendly
Several account base currencies
One free withdrawal per month
LYNX and alternatives withdrawal options and fees
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

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Web trading platform
3.3

The LYNX web trading platform is simple and easy to use. You can execute your order via several order types and access a clear fee report. On the negative side, it lacks the 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 - Web trading platform
LYNX and alternatives trading platform scores
LYNX DEGIRO Saxo Bank
Web platform score 3.3 stars 4.0 stars 5.0 stars
Mobile platform score 3.8 stars 4.5 stars 5.0 stars
Desktop platform score 2.8 stars - 5.0 stars

Learn more about LYNX's web trading platform in the detailed LYNX review.

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Markets and products
5.0

At LYNX you can trade with all the asset classes and reach many markets.
LYNX and alternatives markets and products
LYNX DEGIRO Saxo Bank
Stock Yes Yes Yes
ETF Yes Yes Yes
Forex Yes No Yes
Fund Yes Yes Yes
Bond Yes Yes Yes
Options Yes Yes Yes
Futures Yes Yes Yes
CFD Yes No Yes
Crypto Yes Yes Yes

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Verdict

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, the deposit and withdrawal options are limited. There is also a €3,000 minimum deposit and its desktop platform is quite complicated.

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

LYNX
Summary LYNX is a Dutch stockbroker established in 2006. It is regulated by the Dutch FMA.
Fees score 2.9 stars
Recommended for European traders looking for low stock and ETF fees and a good mobile trading platform

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LYNX alternatives
DEGIRO

DEGIRO review - Waiting list

Compare to best alternative

Disclaimer: As of March 25, 2020, DEGIRO has introduced a temporary waiting list for new client registrations, until further notice. This is due to the surge of new registrations amid the ongoing heavy market volatility. Because of this situation, the account creation process may take much longer, although it is uncertain how long exactly. We will update the review as we find out more details. Be also aware that investing involves a risk of loss.

DEGIRO is a Dutch online discount broker. It is privately owned and was established in 2008 by former employees of another brokerage company.

DEGIRO is regulated by top-tier financial authorities, the Netherlands Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB). It is registered with the Chamber of Commerce and Industry in Amsterdam.

Recommended for price-sensitive buy-and-hold investors and traders looking only to carry out transactions

Pros Cons
One of the lowest fees on the market Waiting list for new accounts
Regulated by multiple top-tier regulators Limited research and education
Easy to use web and mobile trading platform No forex trading

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Waiting list and longer account opening time

Fees
5.0

DEGIRO has low trading and non-trading fees. In most asset classes, it is the best on the market. There are some ETFs that you can trade once a month for free, which is a great deal for buy-and-hold investors.
Pros Cons
Low trading fees Higher trading fees for Asian and smaller European stock exchanges
Low non-trading fees
Low stock and ETF fees
LYNX vs. DEGIRO: Trading fees
DEGIRO LYNX
Apple benchmark fee $1.4 $10.2
Vodafone benchmark fee $5.3 $22.1
EURUSD benchmark fee - $21.9

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Waiting list and longer account opening time

Account opening
1.3

At DEGIRO, no minimum deposit is required. On the other hand, as of March 25, 2020, DEGIRO has introduced a waiting list for new accounts. To test this, we have applied for multiple accounts, but sadly we are still on the waiting list and could not proceed.
Pros Cons
Fully digital Slow
No minimum deposit None of the test accounts have been onboarded yet
LYNX vs. DEGIRO: Minimum deposit, time to open an account
DEGIRO LYNX
Minimum deposit $0 $3,300
Time to open account >3 days >3 days

If you are interested more in DEGIRO minimum deposit, this overview will help you.

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Waiting list and longer account opening time

Deposit and withdrawal
3.3

DEGIRO deposits and withdrawals are free of charge via bank transfer. On the other hand, you cannot deposit with credit or debit card.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee
Several account base currencies
LYNX vs. DEGIRO: Withdrawal options
DEGIRO LYNX
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Waiting list and longer account opening time

Web trading platform
4.0

DEGIRO's web platform is simple and easy to use. Even beginners can easily navigate it and buy stocks. On the negative side, you cannot set price alerts.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report No price alerts
Two-step (safer) login
Web trading platform of DEGIRO, a LYNX alternative
LYNX vs. DEGIRO: Trading platform scores
DEGIRO LYNX
Web platform score 4.0 stars 3.3 stars
Mobile platform score 4.5 stars 3.8 stars
Desktop platform score - 2.8 stars

Learn more about DEGIRO's web trading platform in the detailed DEGIRO review.

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Markets and products
3.6

At DEGIRO you can access many markets and trade with a lot of different products. CFD and forex are not available.
LYNX vs. DEGIRO: Markets and products
DEGIRO LYNX
Stock Yes Yes
ETF Yes Yes
Forex No Yes
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures Yes Yes
CFD No Yes
Crypto Yes Yes

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Verdict

DEGIRO is a good choice if you want a simple platform and don’t want to spend too much on fees.

It is far cheaper than its big European competitors and only TradeStation Global comes close to competing with DEGIRO's fees. The account opening process is also fast, you will usually have your account ready to use within a day. It is also one of the best trading platforms for Europeans.

However, its low prices come with some shortfalls. Education and research tools are limited, there is no forex trading, and you can only deposit and withdraw money by bank transfer. Also, there is a waiting list for new accounts at the moment.

All in all, DEGIRO is a great online broker. There is no minimum deposit and no inactivity fee, so feel free to go ahead and give it a try.

DEGIRO
Summary DEGIRO is a Dutch discount broker established in 2008. It is regulated by the Dutch FMA. As of March 25, 2020, DEGIRO introduced a waiting list for new customers. Longer than usual account opening times are expected.
Fees score 5.0 stars
Recommended for Price-sensitive buy-and-hold investors and traders looking only to carry out transactions

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Waiting list and longer account opening time

LYNX alternatives
Saxo Bank

Saxo Bank is a Danish investment bank founded in 1992, providing online trading and investments. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA). 

Saxo Bank is a global service provider. In the different regions, its subsidiaries are present in the form of separate legal entities. The services offered by each entity might change slightly especially in case of their fees and products available to trade. In this review, we tested Saxo Bank UK.

Saxo Bank is considered safe because it has a long track record, has a banking background, and is regulated by top-tier financial authorities.

Recommended for investors and traders looking for a great trading platform and solid research

Pros Cons
Great trading platform High bond, options and futures fees
Outstanding research High minimum deposit
Broad product portfolio Lacks live chat and 24/7 availability

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Fees
2.9

Saxo Bank has average trading and non-trading fees overall. The fees for forex, mutual funds and stock index CFDs are low, while they are average for real stocks, ETFs or stock CFDs. Bond, options and futures fees are high.
Pros Cons
Low fund fees Inactivity fee
No withdrawal fee High bond, options and futures fees
Transparent fee structure
Lower fees for Platinum and VIP clients
LYNX vs. Saxo Bank: Trading fees
Saxo Bank LYNX
Apple benchmark fee $20.2 $10.2
Vodafone benchmark fee $19.7 $22.1
EURUSD benchmark fee $15.7 $21.9

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
2.6

Saxo's account opening is fully digital, user-friendly, and available in most of the world. On the other hand, the minimum deposit is high in certain countries, and account verification can take longer.
Pros Cons
Fully digital Minimum deposit is high in certain countries
User-friendly Relatively slow account verification
Available in almost every country
LYNX vs. Saxo Bank: Minimum deposit, time to open an account
Saxo Bank LYNX
Minimum deposit $10,000 $3,300
Time to open account 1-3 days >3 days

If you are interested more in Saxo Bank minimum deposit, this overview will help you.

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Deposit and withdrawal
4.8

Saxo provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
Pros Cons
Credit/Debit card available Electronic wallets are not available for deposit or withdrawal
Free withdrawal
No deposit fee
LYNX vs. Saxo Bank: Withdrawal options
Saxo Bank LYNX
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
5.0

Saxo Bank's web trading platform is one of the best among online brokers. It's easy to use, but also provides features favored by professionals, such as an advanced order panel.
Pros Cons
User-friendly None
Clear fee report
Two-step (safer) login
Web trading platform of Saxo Bank, a LYNX alternative
LYNX vs. Saxo Bank: Trading platform scores
Saxo Bank LYNX
Web platform score 5.0 stars 3.3 stars
Mobile platform score 5.0 stars 3.8 stars
Desktop platform score 5.0 stars 2.8 stars

Learn more about Saxo Bank's web trading platform in the detailed Saxo Bank review.

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Markets and products
5.0

Saxo Bank's product portfolio is great. It covers all asset classes and a lot of markets globally. Mutual funds and crypto are the only areas where its selection could be improved.
LYNX vs. Saxo Bank: Markets and products
Saxo Bank LYNX
Stock Yes Yes
ETF Yes Yes
Forex Yes Yes
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures Yes Yes
CFD Yes Yes
Crypto Yes Yes

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Verdict

Saxo Bank is a great broker, providing a complex and good service.

Saxo offers a user-friendly and well-designed trading platform, backed by great research. The product portfolio covers all asset types and many international markets.

It has some drawbacks though. The fees for bonds, options and futures are high. There is also a high minimum deposit for certain countries. Lastly, there is no live chat or 24/7 customer support.

In general, Saxo Bank is one of the best online brokerage companies out there. By opening an account, you will get a broad, well-developed service constantly responding to the needs of clients.

Saxo Bank
Summary Saxo Bank is a Danish investment bank. It is regulated by more than 10 financial authorities, including the top-tier UK FCA.
Fees score 2.9 stars
Recommended for Investors and traders looking for a great trading platform and solid research

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LYNX alternatives
Bottom line

Based on our analysis, there are several good alternatives to LYNX. They all offer similar products and target similar customers. Here's a recap of the results in a table.

LYNX alternatives
Broker Info Recommended for
LYNX Netherlands-based stockbroker European traders looking for low stock and ETF fees and a good mobile trading platform
DEGIRO Dutch discount broker Price-sensitive buy-and-hold investors and traders looking only to carry out transactions
Saxo Bank Danish investment bank Investors and traders looking for a great trading platform and solid research

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Ádám Nasli

Ádám Nasli

Broker Expert

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.

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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