feed linkedin-square facebook-square twitter-square question-circle-o

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
4.4 / 5.0
4.2 / 5.0
overall pros
  • Low trading fees
  • Great research tools
  • Wide range of markets and products
  • Easy-to-use web trading platform
  • Easy and digital account opening
  • Powerful research tools
overall cons
  • Deposit and withdrawal are not user-friendly
  • €3,000 minimum deposit
  • High inactivity fee
  • Only FX, and some CFDs
  • Poor customer service
  • Pricey withdrawal
fees
3 stars
  • Low trading fees
  • No withdrawal fee
  • Inactivity fee
3 stars
  • Low trading fees
  • Withdrawal fee
  • High financing rate
  • Financing rate calculation is non-transparent
account opening
3 stars
  • Fully digital account opening
  • User-friendly
  • Minimum account balance is higher than $500
4 stars
  • Fast account opening
  • Fully digital account opening
  • No minimum account balance
  • Sales team pushy
  • It can take up to 3 business days
deposit and withdrawal
2 stars
  • No deposit fee
  • Several account base currencies
  • One free withdrawal per month
  • Credit/Debit card deposit and withdrawal not available
  • Not user-friendly
4 stars
  • Several account base currencies
  • User-friendly
  • First withdrawal is free for credit/debit cards and electronic wallets
  • High withdrawal fee
  • Slow funding and withdrawal - over 3 days
web trading platform
3 stars
  • User-friendly
  • Good variety of order types
  • No two-step (safe) login
  • Limited customizability (for charts, workspace)
  • No price alerts
5 stars
  • User-friendly
  • Good search function
  • Good customizability (for charts, workspace)
  • No price alerts
mobile trading platform
4 stars
  • Two-step (safe) login
  • Good search function
  • Innovative functions (i.e. Chatbot)
  • Not user-friendly
4 stars
  • Two-step (safe) login
  • Price alerts
  • Does not look nice
desktop trading platform
3 stars
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Price alerts
  • Not user-friendly
  • Poor search function
3 stars
  • User-friendly
  • Good customizability (for charts, workspace)
  • Two-step (safe) login
  • Not user-friendly
  • Poor search function
markets and products
4 stars
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
1 stars
  • Forex
  • CFD
research
4 stars
  • Good interactive chart
  • Analyst recommendations for stocks, bonds, etc.
  • Data on asset fundamentals
  • Not user-friendly
4 stars
  • Good interactive chart
  • Good set of analytical tools
  • Great API offer
  • No analyst recommendations for stocks, bonds, etc.
  • No fundamental data available
  • Research tool are not at one place
customer service
4 stars
  • Fast response time
  • Available in local languages
  • Irrelevant answers
3 stars
  • Live chat
  • Available from Sunday to Friday
  • Slow support
  • Irrelevant answers
education
3 stars
  • Good production quality
  • Demo account for desktop platform
  • No trading platform tutorial videos
  • No educational videos
4 stars
  • Demo account
  • Trading platform tutorial videos
  • Educational videos
  • Videos can be better organized
  • Regulated by top tier financial authority
  • Negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Regulated by top tier financial authority
  • High level of investor protection
  • Negative balance protection
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for European traders aiming for low trading fees, great research tools, and local customer support Forex traders that prefer a user-friendly platform and great research tools