Can you short at LYNX as of January 2024?

Can you short on LYNX as of July 2023?

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Summary

Short selling is a trading strategy in which you speculate on the decline in the price of a stock or other security. If you'd like to learn about the intricacies of short selling real stocks, be sure to check out this article explaining the short selling of stocks.

Some stockbrokers only allow long position in stocks and ETFs. Others allow short positions only via CFDs on a handful of popular individual stocks. Advanced traders prefer brokers that allow the short selling of real stocks (and not just CFDs) on most stock markets their clients have access to.

Fortunately, clients of LYNX can short real stocks.

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Short selling of real stocks at LYNX

The number of stock markets a broker provides access to is a good indication for the number of real stocks available for short selling. Note that brokers may not allow short selling on all stock exchanges, therefore the total number of available stock markets may be lower. Financial regulators sometimes restrict short selling. For example when the Covid-19 pandemic engulfed Europe, six European countries implemented temporary bans on short-selling.

LYNX available stock markets vs competitors
	LYNX LYNX	Comdirect Comdirect	DEGIRO DEGIRO
Stock markets (#)	150	27	29

Data updated on January 24, 2024

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You need to have a margin account to be able to open short positions. This type of account usually comes with different requirements than regular trading accounts. For example, in the US, you need a minimum deposit of $2,000 for margin trading. To compare the fees associated with the short selling real stocks, let's take a look at a $2,000 short sale trade.

Fees for a $2,000 short sale at LYNX vs competitors
	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 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 January 24, 2024

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If none of the brokers above are a good match for you, we recommend our article listing the best brokers for short selling.

Short selling of CFDs

As clients of LYNX can trade CFDs, they can also go short on these assets. In the table below you will find our calculation for shorting some of the most traded CFD assets. This catch-all benchmark includes commissions, spreads and financing costs for all brokers

LYNX CFD fees for a $2,000 short position held for one week
	LYNX LYNX	Comdirect Comdirect	DEGIRO DEGIRO
S&P 500 index CFD fee Includes all fees (spread, commission, financing rate) of a $2,000 20:1 position open, 1-week-hold, and close	$14.8	$3.7	- S&P 500 index CFD is not available
Euro Stoxx 50 index CFD fee Includes all fees (spread, commission, financing rate) of a $2,000, 20:1 position: open, hold for 1 week, and close	$15.2	$3.7	- Europe 50 index CFD is not available
Apple CFD fee Includes all fees (spread, commission, financing rate) of a $2,000, 20:1 position: open, hold for 1 week, and close	$12.8	$25.0	- Apple stock CFD is not available
Vodafone CFD fee Includes all fees (spread, commission, financing rate) of a $2,000 20:1 position open, 1-week-hold, and close	$15.1	$15.1	- Vodafone stock CFD is not available

Data updated on January 24, 2024

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Shorting a currency

At LYNX, you can trade forex pairs, therefore you can go long or short in any of the currency pairs they offer. In the following table you will find our calculation for shorting the most traded currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers

LYNX forex benchmark fees for a $20,000 30:1 short position held for one week
	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
GBPUSD benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$12.8	$23.8	- GBPUSD is not available
AUDUSD benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$31.3	$26.4	- AUDUSD is not available
EURCHF benchmark fee	$4.3	$3.5	- EURCHF 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 January 24, 2024

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Short selling futures

You can short some of the most traded markets at LYNX using futures. The table below shows the fees for selling 10 contracts.

LYNX futures fees vs competitors
	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