LYNX demo account

If you're just getting started in the trading game, using a demo or virtual account is pretty much mandatory before putting any real money on the line. We put LYNX under our microscope and examined whether they give you the opportunity to practice and get comfortable through a legit demo platform.

Great news, demo accounts are available at LYNX. Read on to find out details about these paper accounts at LYNX and take a look at key fees and services they provide.

Opening a demo account at LYNX is straightforward

Opening a demo account at [Broker name] is straightforward

Gyula Lencsés, CFA

Forex • Derivatives • Market Analysis

During my professional career, I have traded many currency pairs on behalf of mutual funds, both as a speculative investment and as a hedging tool; racking up trades worth billions of dollars. I combine that experience with my active role in testing forex broker platforms to steer users to the best brokers for their needs.

Learn about our methodology

Gyula Lencsés, CFA

Forex • Derivatives • Market Analysis

I did some heavy duty testing and analysis of the services of LYNX with our analyst team by opening a real-money account with them. We put their account opening process under the microscope and these were our most important findings on using a demo account with them:

• You can open a free demo account at LYNX just as you would open a trading account.

• Fees charged by LYNX are Average. Read on to see the quality of their educational materials.

• Visit our comprehensive LYNX review for 2024 for the full scoop on their services and fees.

One of the smartest moves you can make as a new trader is taking advantage of a broker's demo account, also called paper trading. It allows you to paper trade with virtual funds until you get the hang of analyzing the markets, placing orders, testing strategies - the whole nine yards. All without that looming fear of accidentally blowing up your entire bankroll while you're still green.

If you sign up for the LYNX demo account, - which by the way is free of charge - you will get acquainted with their trading software and platform setup in a completely risk-free environment. You can click around, experiment with different order types, play around with charts and tools - basically get a feel for their whole trading ecosystem before you dip your toes in the live markets.

When it comes to setting up a demo account, brokers typically give you two options. You can simply sign up for their demo platform right from the jump without opening a full-fledged live trading account first. Pretty seamless process usually. You provide some basic personal info, maybe proof of ID, and bam - you've got demo access to their trading platform.

Option number two requires an extra step. With some brokers, you actually have to open up a legitimate cash trading account with them first before you can activate the demo mode. So you'll go through the entire account opening process - providing MORE detailed personal/financial info, doing things like KYC checks, funding the account with real money, etc. And only once that full trading account is approved and operational can you then flip the switch to set up their demo platform.

The fees that a broker charges for using their services are actually a big deal. Why? These fees are like an airline's baggage costs. If you are a frequent flyer, those baggage fees can really start nickel-and-diming you if you're not careful. The same principle applies to trading fees from your broker; the commissions, financing rates, custody fees, or inactivity fees, can start feeling like a million tiny little termites slowly nibbling away at your potential profits.

So our analyst team did some heavy duty testing and analysis of LYNX's services to give you the full insider scoop. We went all-in by actually opening up a legit, real-money trading account, testing their services from account opening to customer service to actual trading. After going through the trenches as actual LYNX clients, here is a rundown of their most important fees and services.

LYNX in a nutshell: LYNX is a Dutch stockbroker established in 2006. It is regulated by the Dutch FMA.

LYNX fees and service highlights

If you want the completely unfiltered truth about LYNX, you gotta check out BrokerChooser's deep-dive LYNX review for 2024. Our team goes to the deepest depths to analyze LYNX from every conceivable angle, scrutinizing nearly 600 individual data points on the broker.

We dive headfirst into the actual LYNX experience as real traders, open up legitimate trading accounts and execute live trades on their platforms.You know why? Because there's no better way to truly understand how a broker operates than by being an actual customer going through the trenches.

Alternatively, take a look at this ranking of the best brokers for beginners, put together by our analyst crew. This roundup is based on deep, extensive research into what makes a broker truly beginner-friendly. Discover how LYNX stacks up against these best in class online brokers.