Compare IC Markets vs LYNX


Online brokers compared for fees, trading platforms, safety and more. See how IC Markets stacks up against LYNX!

IC Markets vs LYNX
overall rating
4.4
4.2
overall pros
  • Low forex fees
  • Easy and fast account opening
  • Free deposit and withdrawal
  • Wide range of markets and products
  • Low stock and ETF trading fees
  • Great mobile platform
overall cons
  • No investor protection
  • No negative account balance protection
  • Limited number of available CFDs
  • Deposit and withdrawal are not user-friendly
  • €3,000 minimum deposit
  • Not user-friendly desktop platform
fees
4.3
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
  • High financing rate for CFDs
2.9
  • Low stock and ETF fees
  • Low fund fees
  • High forex fees
  • Inactivity fee
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
2.5
  • Fully digital
  • User-friendly
  • Slow
  • Minimum deposit is higher than $500
deposit and withdrawal
4.9
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
2.5
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • One free withdrawal per month
  • Credit/Debit card not available
  • Not user-friendly
web trading platform
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
3.3
  • User-friendly
  • Clear fee report
  • Good variety of order types
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
  • No price alerts
mobile trading platform
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
3.8
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
  • User interface is a bit complex
desktop trading platform
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • No two-step (safer) login
  • The platform is not completely translated to English
markets and products
1.7
  • Forex
  • CFD
  • Crypto
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
research
3.8
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
3.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
customer service
3.6
  • Phone support
  • Live chat
  • Fast response time
  • Slow and irrelevant live chat
4.0
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
3.0
  • Demo account
  • No trading platform tutorial videos
  • No educational videos
  • Majority of clients belong to a top-tier financial authority
  • In operation for a long time
  • No investor protection
  • No negative balance protection
  • Does not hold a banking license
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Forex traders who value easy account opening and free deposit/withdrawal options European traders looking for low stock and ETF fees and a good mobile trading platform
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