Compare LYNX vs Oanda


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

LYNX vs Oanda
overall rating
4.2
4.6
overall pros
  • Wide range of markets and products
  • Low stock and ETF trading fees
  • Great mobile platform
  • Generally low fees
  • Easy-to-use web trading platform
  • Easy and digital account opening
overall cons
  • Deposit and withdrawal are not user-friendly
  • €3,000 minimum deposit
  • Not user-friendly desktop platform
  • Only FX and some CFDs
  • Poor customer service
  • High bank withdrawal fee
fees
3.0
  • Low stock and ETF fees
  • Low fund fees
  • High forex fees
  • Inactivity fee
4.0
  • Low trading fees
  • Low forex fees
  • No withdrawal fee
  • No withdrawal fee in most cases
  • High withdrawal fee for bank transfers
account opening
3.0
  • Fully digital
  • User-friendly
  • Slow
  • Minimum deposit is higher than $500
4.0
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Issues with ID verification can slow account opening
deposit and withdrawal
3.0
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • One free withdrawal per month
  • Credit/Debit card not available
  • Not user-friendly
4.0
  • Credit/Debit card available
  • No deposit fee
  • Withdrawal is free for PayPal and for the first debit card transaction each month
  • High withdrawal fee for bank transfers
web trading platform
3.0
  • User-friendly
  • Clear fee report
  • Good variety of order types
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
  • No price alerts
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • No price alerts
mobile trading platform
4.0
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
  • User interface is a bit complex
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No Touch/Face ID login
desktop trading platform
3.0
  • 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
4.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No price alerts
markets and products
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
2.0
  • Forex
  • CFD
research
4.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
5.0
  • Good interactive chart
  • Quality news flow
  • User-friendly
  • Great API
  • Research tools are poorly organized
customer service
4.0
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
3.0
  • Phone support
  • Live chat
  • No 24/7 support
  • Speed could be improved
education
3.0
  • Demo account
  • No trading platform tutorial videos
  • No educational videos
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Materials are not well-organized
  • 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
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • Financial information is publicly available
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for European traders looking for low stock and ETF fees and a good mobile trading platform Forex traders who value a user-friendly platform and great research tools
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