LYNX – Review

Overall LYNX is a  trustworthy and reliable broker with an overall rating of 6 out of 10. LYNX is regulated by the AFM and has a maximum leverage of 40:1.

LYNX at a Glance

Overall Rating

• 3.1/5

Read Review

OPEN AN ACCOUNT

Min Deposit

EUR 3,000

Regulators

AFM, DNB

Trading Platform

LYNX Basic and Account Management

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

LYNX  Review – 22 key points quick overview:

1. LYNX Overview
2. LYNX Safety or Security
3. LYNX Sign-up Bonus
4. LYNX Minimum Deposit
5. LYNX Step-by-step guide to depositing the minimum amount
6. LYNX Account Types
7. LYNX Account Features
8. LYNX Islamic Account
9. LYNX Demo Account
10. How to set up a LYNX Demo Account – Step by Step
11. LYNX Trading  Platforms
12. LYNX Fees and Spreads
13. LYNX Deposit and Withdrawal
14. LYNX vs Etoro vs XM – Comparison Table
15. LYNX Best Countries by Traders
16. LYNX Current Popularity Trend
17. LYNX Customer Reviews
18. LYNX Pros and Cons
19. Conclusion
20. Disclaimer
21. Risk Management
22. Frequently Asked Questions

LYNX Overview

According to research in South Africa, LYNX is an online stockbroker founded by Jeroen Kramer and Rogier Groen in 2006 and based in the Netherlands.

LYNX is also an introducing broker of interactive brokers, meaning that your deposited funds will be held at Interactive Brokers (IB) accounts and you can also use their trading platforms, but the fees are charged by LYNX.

LYNX is headquartered in Amsterdam and regulated by the Dutch securities regulator AFM, with a German branch that is regulated by BaFin as well as a Belgian market.

The accounts are managed through Interactive Brokers in London, one of the largest brokerage houses in the world.

Via LYNX, traders can trade stocks, options, warrants, futures, certificates, Forex (STP brokers), ETFs, ETCs, and CFDs in real time on more than 100 stock exchanges in 20 countries worldwide.

LYNX targets experienced and active traders who want to trade independently and in various markets at favorable conditions.

LYNX Safety or Security

One of the best benchmarks to measure the safety of a broker like LYNX is to establish which regulating authorities are watchdogs over its actions.

LYNX is considered safe because both LYNX and Interactive Brokers are regulated by top-tier regulators – the Netherlands Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB).

With LYNX being an introducing broker of Interactive Brokers, Interactive Brokers will hold your assets and if LYNX should default, your assets would still be safe with Interactive Brokers.

Interactive Brokers’ UK entity is regulated by the Financial Conduct Authority (FCA), while the US entity is regulated by the Financial Industry Regulatory Authority (FINRA).

LYNX clients will get the same investor protection as the regular clients of Interactive Brokers. If you trade with Forex, CFDs, non-US stock index options, and futures, you are protected by the FCA’s £85,000 investor protection scheme.

If you trade with stocks, bonds, funds, and US stock index options, you are protected by US investor protection for $500,000, with a cash limit of $250,000.

LYNX also provides negative balance protection for forex spot and CFD trading, but only for clients from the European Union. Professional and non-EU clients are not covered.

LYNX Sign-up Bonus

Traders who choose to register for a real account with Lynx will not have access to a welcome bonus from the broker.

Lynx is a Netherlands-based Forex broker that is regulated by the Netherlands Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB).

Both of these regulatory authorities bring Lynx under the jurisdiction of European regulation, which has enforced a ban on the offering of most broker bonuses to clients, in order to safeguard new traders from potential losses.

As a general explanation, a bonus can be best understood as a way of compensating traders for having decided to open an account with a chosen broker.

Once an account has been opened with a Forex broker, clients will have access to trading of currency pairs, and will therefore have to incur some expense for this trading. The bonus is just a way for the broker to reward the trader’s choice and give all or some of these expenses back to the trader.

New traders should note however that bonuses are not available on demo accounts, though many brokers do offer the opportunity to sign up for a free demo contest, with prizes available.

LYNX Minimum Deposit

The minimum deposit amount required in order to open a broker account with Lynx is EUR 3000, which is an exceedingly high minimum deposit requirement for many traders.

As such, most Forex brokers have a minimum deposit requirement of between $10 to $500, and the deposit required by Lynx would create a high barrier of entry to most beginner or smaller retail traders.

LYNX Step-by-step guide to depositing the minimum amount

Depositing into your account with LYNX consists of the following steps:

Step 1 – Log in

First, you have to sign in to your already opened trading account and find the depositing interface. After this, you select one of the deposit methods the broker supports, enter the deposit amount and make the deposit.

Step 2 – Make the deposit

• Select the option to make a deposit from the client area
• Select your preferred funding method. It is worth remembering that you will be required to make withdrawals using the same method by which your deposits were made
• Confirm the amount you wish to deposit
• Provide your banking details and submit your deposit details to be processed by the Lynx accounts department.

Step 3 – Review your transaction

 Depending on the method you chose, it might take a couple of days for your deposit to show up on your brokerage account. When it happens, the brokers usually send you an email to confirm the receipt of the deposit.

There is no information on the commission fee for depositing or withdrawing funds on the broker’s website.

Overall Rating

• 3.1/5

Read Review

OPEN AN ACCOUNT

Min Deposit

EUR 3,000

Regulators

AFM, DNB

Trading Platform

LYNX Basic and Account Management

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

LYNX Account Types

Lynx offers three account types, namely the Individual, Joint, and Corporate accounts. These are each tailored to specific client needs and therefore will feature differing account conditions.

Lynx also offers a free demo account that will allow prospective clients and beginner traders to test out the broker’s platform and trading conditions before deciding to sign up for a live account.

Unfortunately, Lynx does not offer an Islamic account with swap-free trading conditions for clients of the Islamic faith.

The minimum age to open an account is 18 years. However, you must be at least 21 years to open a margin account. If you are between 18 and 21 years of age or a student (with a paid job), you are only able to open a cash account.

With a cash account, it takes three days after a transaction before you are once again given access to the sum released. There are no restrictions in a margin account: after selling a position you can reinvest the funds immediately.

The total value of your portfolio (value of securities plus cash) must be at least $ 2,000 USD (or an equivalent amount of a different currency) in order to be able to trade in all options, futures, and American shares.

If your portfolio does not meet this minimum requirement, you will still be able to trade in European shares and options.

LYNX Account Features

Individual Account

The Individual Account from Lynx is designed for one sole account holder. Traders using this account will have access to both of the broker’s proprietary platforms, either Lynx Basic or Account Management, and all trading instruments and tools.

Joint Account

The Joint Account from Lynx is designed to be managed by two account holders. Owning a joint account allows two trading partners to profit from the Forex market, and can be set up and managed in such a way that suits both individuals according to their requirements.

Corporate Account

The Corporate Account from Lynx is designed especially for institutional clients who need specialized account management features. Such an account will provide access to higher leverage, a dedicated account manager, and some advanced features.

The Corporate Account will also cost more to maintain and likely have a higher minimum deposit requirement as well.

LYNX Islamic Account

Lynx does not offer an Islamic Account to traders of the Muslim faith. This is a drawback to such traders, as an Islamic Account fulfills an important purpose, as outlined in more detail below.

Also known as ‘no swap accounts’, Islamic trading accounts allow Muslims to engage in online forex trading in compliance with Sharia law.

With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide.

Essentially, an Islamic forex trading account charges no swap or rollover interest on positions held overnight in the forex market. An administration fee is, however, charged on some accounts to open positions.

LYNX Demo Account

The demo account from Lynx is somewhat limited and only available as a Desktop option. The demo account only allows for the Account Management platform to be tested by account users.

Nonetheless, demo account users will still be able to test out a wide variety of features, which include the following:

Over 80 important technical indicators

Add personal support and resistance levels

Real-time streaming price information

Fast switching between candlestick, bar, and line charts

Add Fibonacci levels

Access to historical pricing and Time & Sales

Place orders directly in the chart

The demo account from Lynx is funded with virtual currency and allows traders to test the broker’s features before signing up for a real account.

How to set up a LYNX Demo Account – Step by Step

Opening a demo account with LYNX is a relatively simple process, which will consist of the following steps:

Step 1 – Open Your Account

Visit the Lynx website, Click on “Open an Account” in the top right-hand corner of the website

Step 2 – Fill out the form

• You will be prompted to select your country of residence. These are limited to a few European countries.
• Select the option to open a demo account, and complete the registration form
• Once you have read and accepted the terms and conditions, you can submit your registration form
• Upon acceptance of your demo account registration, the broker will send you a link to open your free demo account and start risk-free practice trading

Step 3 –Submit your Registration

• Once you have read and accepted the terms and conditions, you can submit your registration form
• Upon acceptance of your demo account registration, the broker will send you a link to open your free demo account and start risk-free practice trading

A forex demo account is also referred to as a practice account, which is used for practicing trading or to test a new trading strategy without any risk to actual money.

A forex demo account is also intended for beginners to get familiar with the various aspects of trading.

As such, a demo account will allow traders to learn how to place orders, and manage existing trade positions as well as more advanced functions such as testing or fine-tuning a trading strategy.

If you are new to trading, then it is highly recommended that you first open a forex demo account until you are comfortable with both your trading strategy as well as the intended trading platform itself.

Overall Rating

• 3.1/5

Read Review

OPEN AN ACCOUNT

Min Deposit

EUR 3,000

Regulators

AFM, DNB

Trading Platform

LYNX Basic and Account Management

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

LYNX Trading Platforms

A forex trading platform is in essence the software provided by LYNX to its clients to carry out their trades.

A multi-asset trading platform is one that allows clients to trade forex but other asset classes, including CFDs on stocks, stock indices, precious metals, and cryptocurrencies as well.

The decision about which platform to choose will always depend on what a client would like to trade. LYNX offers two web trading platforms: LYNX Basic and Account Management.

LYNX Fees and Spreads

Traders with Lynx can expect the following spread list:

The spread offering from Lynx is relatively competitive, starting at 0.1 pip for major currency pairs. This is in line with most leading Forex brokers and should allow for affordable trading for most retail and professional traders.

Lynx also charges commissions on non-Forex instruments, such as bonds and ETFs. These commissions will vary depending on the instrument and volume traded and can be viewed directly on the broker’s website.

LYNX Deposit and Withdrawal

At LYNX, you can choose from 21 base currencies. If you fund your account in the same currency as your bank account or trade assets in the same currency as your account base currency, you don’t have to pay a conversion fee.

You can save on currency conversion fees by opening a multi-currency bank account at a digital bank.

You can only use bank transfers to fund your account, but LYNX charges no deposit fees. Bank transfers can take up to four business days to arrive and you can only deposit money from accounts that are in your name.

LYNX charges no withdrawal fees for the first transfer of every calendar month, but after that withdrawal fees are charged – differently in different currencies.

It can take up to four days to withdraw money from LYNX and you can only withdraw money to accounts in your name. A withdrawal request is launched from the Client Portal on the website.

LYNX vs Etoro vs XM – Comparison Table

LYNX Best Countries by Traders

LYNX Current Popularity Trend

As According to Google Trends, here is an overview of how frequently the search term – “LYNX” is entered into Google’s search engine over a given period of time.

LYNX Customer Reviews

Outstanding personal care

Lynx Basic is a clear excellent platform for me. Above all, I appreciate the extraordinary personal contact, which leaves no questions unanswered. Highly recommended.

Lynx Broker’s service is well-organized, friendly, and helpful. great

The Lynx broker service is very easy to reach during business hours.
The employees have in-depth knowledge and with their very friendly nature and direct access to my screen, all questions relating to trading can be discussed.
Thumbs up.

I am very happy with Lynx

I am very satisfied with Lynx, the customer service is excellent and there is a lot of useful information about trading and videos to make the trading platform better. I highly recommend it.

LYNX Pros and Cons

Conclusion

Overall, LYNX is a  trustworthy and reliable broker that provides traders with ample digital tools.LYNX is for traders and investors who already have experience in trading various assets.LYNX  Platform Types are LYNX Basic and Account Management.

Disclaimer

LYNX warns all potential customers that Forex and CFDs trading always carries a high level of risk and may not be suitable for all investors.

Before deciding to trade the products offered by LYNX, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.

LYNX warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable.

Therefore LYNX cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

You might also like:LYNX Account Types

You might also like:LYNX Demo Account

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Risk Management

LYNX is a Dutch online brokerage firm that provides clients with access to stock exchanges worldwide, enabling them to trade in a wide range of financial instruments such as stocks, options, futures, and exchange-traded funds (ETFs).

In terms of risk management, LYNX offers its clients various tools and resources to help manage the risks associated with investing, including stop-loss orders, alerts, and the ability to view real-time market data.

Additionally, the company is regulated by the Dutch Central Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM), which helps ensure that client funds are secure and that the brokerage adheres to best practices in terms of risk management and investor protection.

Frequently Asked Questions

Is LYNX  Broker a fake or a scam?

LYNX compares its total costs per trade with those of other brokers and thus does not even raise any suspicion of fraud.

What are the advantages of trading with LYNX Broker?

There is an affiliate program providing a bonus for participation. Trading is available both from a personal computer and from mobile devices. The broker offers multi-currency accounts. Both stock instruments and Forex assets are available in the company.

Which trading platforms are supported by LYNX Broker?

Trading platforms supported by LYNX are: Lynx Basic, Account Management

What is the overall rating for LYNX Broker out of 10?

The overall rating for LYNX is 6/10

What type of broker is LYNX Broker?

Yes, Lynx is a legit Forex Broker and Trade Platform. Lynx has AFM and DNB legal certificates to perform Forex Broker and trading services.