Overview of LYNX fees and charges
It's safe to say that LYNX's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use LYNX even in case you trade frequently like multiple times a week or daily.
Here's a high level overview of LYNX's fees
| 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 tech fund fee | Low | 0.1% of trade value; min €6, max €45 |
| Inactivity fee | Average | It is called 'platform fee'; €5 per month. |
LYNX fees
LYNX fees explained
We compare LYNX fees with its closest competitors, Comdirect and DEGIRO.
LYNX fees
LYNX trading fees
LYNX's trading fees are mid-tier which means you need to pay special attention to asset classes with high trading fees.
Let's break down the trading fees into the different asset classes available at LYNX.
Trading fees
LYNX's trading fees are low.
Stock fees and ETF fees
LYNX has low stock trading fees.
| LYNX | Comdirect | DEGIRO | |
|---|---|---|---|
| US stock | $5.0 | $12.8 | $1.0 |
| UK stock | $10.2 | $12.8 | $3.1 |
| German stock | $5.9 | $9.9 | $4.9 |
Forex fees
LYNX's forex fees are average.
| LYNX | Comdirect | DEGIRO | |
|---|---|---|---|
| EURUSD benchmark fee | $18.7 | $26.7 | - |
| EURGBP benchmark fee | $16.6 | $23.2 | - |
Fund fees
LYNX fund fees are low.
| LYNX | Comdirect | DEGIRO | |
|---|---|---|---|
| Mutual fund | $5.9 | $20.0 | $3.9 |
| EU mutual fund | $6.6 | $20.0 | $10.3 |
Bond fees
LYNX has low bond fees.
| LYNX | Comdirect | DEGIRO | |
|---|---|---|---|
| US Treasury bond | $10.0 | $32.8 | - |
| EU government bond | $13.9 | $29.9 | $3.0 |
Options fees
LYNX's options fees are high.
| LYNX | Comdirect | DEGIRO | |
|---|---|---|---|
| US stock index options | $24.0 | - | $7.5 |
| UK stock index options | $39.6 | - | - |
| German stock index options | $17.3 | $44.6 | $8.9 |
Futures fees
LYNX's futures fees are average.
| LYNX | Comdirect | DEGIRO | |
|---|---|---|---|
| US micro e-mini stock index futures | $12.5 | - | $7.5 |
| UK stock index futures | $22.6 | - | - |
| German e-mini stock index futures | $9.9 | $44.6 | $7.4 |
CFD fees
LYNX has high CFD trading fees.
| LYNX | Comdirect | DEGIRO | |
|---|---|---|---|
| Apple CFD | $5.1 | $9.9 | - |
| Vodafone CFD | $5.7 | $5.3 | - |
| Germany | $6.8 | $5.6 | $5.7 |
Financing rates
LYNX financing rates are low.
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
| LYNX | Comdirect | DEGIRO | |
|---|---|---|---|
| Apple CFD financing rate | 5.3% | 7.3% | - |
| Vodafone CFD financing rate | 4.5% | 5.7% | - |
| EURUSD financing rate | 2.7% | 5.9% | - |
| EURGBP financing rate | 2.1% | 4.3% | - |
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
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.
LYNX fees
LYNX non-trading fees
When it comes to looking at all the non-trading fees LYNX is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.
Non-trading fees include various brokerage fees and charges at LYNX that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.
| LYNX | Comdirect | DEGIRO | |
|---|---|---|---|
| Withdrawal fee | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | Yes | No | No |
| Account fee | No | No | No |
LYNX fees
LYNX deposit fee
Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and LYNX is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods LYNX offers.
| LYNX | Comdirect | DEGIRO | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | No |
| Deposit fee | $0 | $0 | $0 |
LYNX fees
LYNX withdrawal fee
Unlike some online brokers we have reviewed LYNX does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.
| LYNX | Comdirect | DEGIRO | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | No |
| Withdrawal fee with bank transfer | $0 | $0 | $0 |
LYNX fees
LYNX inactivity fee
LYNX does apply an inactivity fee and it is It is called 'platform fee'; €5 per month.. This means that you need to be strategic about your trading activity to avoid getting charged after a longer time of no trade. The fact that LYNX charges an inactivity fee makes it less ideal for you if you are a buy and hold investor.
LYNX has average inactivity fee.
| LYNX | Comdirect | DEGIRO | |
|---|---|---|---|
| Inactivity fee | Yes | No | No |
| Inactivity fee | 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 |
Read more about LYNX inactivity fee on their own site.
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