LYNX Broker: Review, Analysis and Complete Guide

LYNX Broker is an online brokerage house created in 2006 and based in the Netherlands. It is also an introductory broker for Interactive Brokers. This means that funds are deposited in an Interactive Brokers account but fees and commissions are charged by LYNX Broker.

It is considered a secure broker because both institutions are regulated by first class institutions. It specializes in Forex and CFDs.

LYNX Broker has a wide range of products and an important access to international markets to invest. Its fees and commissions are generally low and it stands out for its mobile platform.

In the following sections we will analyze the different characteristics of LYNX Broker, the opinions of the users, the different products such as stocks, commodities, Forex, Bitcoins, among others, that will help you determine if LYNX is the right broker to invest your money safely.

LYNX Broker Financial Products

LYNX Broker offers the possibility to trade all types of assets and several markets. This broker’s product portfolio ranges from stocks, Forex, options, futures, bonds and CFDs. In cryptocurrencies it only trades Bitcoin and Ethereum.

Stocks and financial products

Stocks and ETFs: LYNX Broker’s range of stocks and ETFs is excellent. It operates in a large number of stock markets that include the largest international exchanges and also the smallest in Europe. You can select from 78 stocks and 13,000 ETFs.

Forex: offers 105 currency pairs for Forex trading. This is a good amount compared to the rest of the brokers operating in the Forex market.

Funds: offers 260 fund providers to invest.

Bonds: offers a large number of bonds, over 62,000, and can invest in German or US Treasury bonds.

Options: has access to exchange 33 options worldwide.

Futures:  offer to invest in futures is also very generous.

CFDs:  you can only trade CFDs on shares and stock indices. It offers the possibility to trade 13 CFDs on stock indices and 7100 CFDs on shares.

When it comes to CFD trading, 69% of investors lose money quickly as a result of leverage, so it is necessary to analyze thoroughly whether it is appropriate to take such a significant risk.

Crypto Currencies

At LYNX Broker we only trade Bitcoins and Ethereums. The LYNX trading platform gives you the opportunity to react directly or indirectly to the Bitcoin price with shares, options and futures, in addition to trading with Ethereums.

The main actions regarding Bitcoin are the following:

• Global Blockchain Technology (BLOC) + 1164.3%
• Bitcoin Group (AMG)
• Riot Blockchain (RIOT) + 665.5%
• DigitalX (DCC) + 677.8%.
• BTL Group (BTL) + 993.2%

LYNX Broker offers the following options for investing in Bitcoins:

• Bitcoin Investment Trust (GBTC)
• Bitcoin Tracker One (BITCOINXB)
• Supplier XBT Ethereum ETN (COINETH)

The Bitcoin futures offered are:

• Bitcoin Future (GXBT)
• Bitcoin Real-Time CF Index (BRTI)

Among the known investments of Ethereum, LYNX Broker offers the XBT Provider Ethereum ETN – (COINETHE).

Unique Programs

LYNX Broker does not have unique programs but has developed its own trading platform which we will detail later.

How to Open an Account with LYNX Broker

According to users’ opinions, opening a trading account with LYNX Broker is simple. First it is necessary to select the country of residence as conditions change according to the regulations of each country. In addition, communication will be in the language of that country.

It is only possible to start trading with an initial deposit of 4,000 Euros. A form is then completed with contact details such as name and surname, email and deposit type, personal information and security questions to complete registration.

The opening process is extended because customers have to pass the verification process. Once this step is completed, you can start investing.

At LYNX Broker you can choose from three account types:

• Individual: one trader
• Joint: several owners of the same account
• Corporate: the account owner is a legal entity

You can also choose an account according to the leverage:

• Cash: no leverage
• Margin: with leverage

Requirements and verification

The minimum age to open a cash account is 18. However, you must be 21 years old to open a margin account.

The total value of the portfolio, i.e. securities plus cash, must be at least $2,000 (or its equivalent) in order to trade all types of options, futures and stocks. If this minimum requirement is not met, only European shares and options may be traded.

Demo Account

LYNX Broker offers a demo account for novice traders or those who simply want to try out the available tools before investing real money. Unlike other brokers, the time of use is unlimited.

Traders can use this function under real conditions and use the support in the language of their choice. You can use up to 1 million dollars in dummy money, without any risk.

Available Countries

At LYNX Broker you can access with one click more than 100 markets in 24 countries around the world. It is possible to invest in stocks, options, futures, forex, Bitcoins and ETFs in Europe, America, Asia and Australia.

More specifically, the following countries can invest in LYNX Broker: Australia, Austria, Belgium, Canada, China, Czech Republic, Denmark, Finland, France, Germany, Hong Kong, Italy, Japan, Mexico, Netherlands, Norway, Portugal, Singapore, Spain, United Kingdom, United States, Sweden, Switzerland and South Korea.

How to Use LYNX Broker

LYNX broker has a single professional trading platform that provides a secure, stable and reliable trading environment, along with an exciting range of tools and professional advice from the LYNX Broker team.

This same trading platform can be used for desktop, web browser, mobile devices and tablets.

Desktop Platform

LYNX Broker’s trading platform is key for this trader who has received for 11 consecutive years the award for best software for its ease of use, stability and technological superiority, granted by the prestigious Barrons magazine.

This platform provides access to more than 100 markets in 24 countries and the possibility to choose from more than 60 different types of instructions: limit, stop-limit, among others, as well as other more advanced instructions.

The analysis tools of this platform allow the trader to analyze and evaluate all stock options, indices, futures and other products such as Bitcoin or Ethereum in order to trade safely.

It is possible to obtain useful information for investment strategies:

• more than 80 technical indicators,
• personal support and resistance levels,
• Real-time price information,
• interactive charts and graphs, Fibonacci levels

LYNX Basic Platform

LYNX Broker allows to use the web version of this platform with the browser that the trader prefers, without installation and without risking the security of the information. This is ideal for those who cannot download the software or work with firewalls.

Mobile Platform

With LYNX Broker apps, the platform is easily accessible. LYNX Broker’s mobile apps provide access to the stock markets and the client’s personal account at any time. It is possible to place orders and monitor positions and portfolios in real time through the mobile phone.

According to users’ opinions, whether with iOS or Android, LYNX Broker’s apps are easy to use, reliable, and perform well.

It is possible to view prices and charts in real time, buy and sell stocks, options, futures, currencies, Bitcoins or Ethereums, Forex, set up price alerts, scan, monitor positions, among other functions.

Research and Visualization Tools

The platform provides various analysis tools according to the market strategy. These tools help the investor to make the right decision when investing:

Book Trader: This tool allows you to place and close orders faster. It has a price ladder that displays the buy and sell prices while monitoring the trader’s profits in real time.

Option Trader: This tool shows a summary of all available fund options in a single screen. This allows the trader to analyze potential risks and place orders with a single click.

Combo Trader – this tool allows the trader to create and send combinations of orders for trading in a single order.

FX Trader: This tool allows you to trade over 80 currency pairs in a single click. It shows the different Forex quotes available on one screen.

Chart Trader: This tool allows you to place, manage and cancel orders directly from real-time charts.

Market Scanner: This tool provides an overview of the markets to be reviewed, using filters and parameters that are relevant to the user. It also shows the most traded stocks, the stocks with the highest dividends and the highest profits and losses.

Deposits, Withdrawals, Fees and Limits of LYNX Broker

Deposit Methods and Minimum Deposit

LYNX Broker requires a minimum deposit of 3,000 euros to open an account. This deposit can be made by bank transfer in cash or from an existing portfolio of that value.

In case of opening a live account, the deposit should be made by bank transfer only and the money will be available in 1 or 2 days on the trading account.

Withdrawal Methods

Regarding withdrawals, LYNX Broker traders can access a free withdrawal once a month. Withdrawal alternatives are as follows: SEPA transfers (with a cost of 1 euro) or bank transfers (with a cost of 8 euros).

Fees and Commissions

LYNX broker offers low trading commissions for operations with stocks, options, futures, warrants, Forex market, crypto-currencies such as Bitcoin, among others.

In general, trading fees for stocks and ETFs are low at LYNX Broker for the US and German markets. Fees for the UK are higher.

The fees charged by this platform are based on the volume of shares and ETFs, per share or per percentage. Forex fees are low and around 4 euros per lot.

Like CFDs, European fund commissions are low at LYNX Broker and are calculated as 0.1% of the trade value with a minimum of EUR 6 and a maximum of EUR 45.

Bonus rates are low at LYNX Broker. In contrast, option fees are quite high. LYNX charges a commission for each option contract you trade. They are based on volume as in the case of futures.

LYNX does not charge per account, but charges a monthly fee of 5 euros for inactivity without generating at least 5 euros of commission per month.

Limits

At LYNX Broker, if the trader trades US stocks, bonds, funds, stock index options, he is protected by US investor protection, i.e. $500,000, with a cash limit of $250,000.

LYNX Broker supports several types of orders, including stop-limit and stop-loss. A stop-limit order sends a buy or sell limit order when the stop trigger price specified by the user is reached or exceeded.

The order has two basic components: the stop price and the limit price. When a trade reaches or exceeds the stop price, the order becomes executable and enters the market as a limit order, which is an order to buy or sell at a specified price or better.

Is LYNX Broker Safe?

Once a trader transfers money to his LYNX Broker account, account management and order execution is also handled by Interactive Brokers UK, one of the world’s largest, most trusted and secure brokers.

The trader’s account is protected by strict security measures to prevent unauthorized access. In addition, the system constantly monitors all activities and does not make any changes until the client has personally verified them based on a series of security questions.

In addition, LYNX Broker offers protection to its clients as follows:

• Segregated accounts: the trader’s money is separated from the broker’s money
• Portfolio insured up to $500,000, $250,000 of which is cash.
• Additional insurance of up to $30,000,000, of which $900,000 is cash

Regulation

Both LYNX and Interactive Brokers are regulated by excellent regulators. LYNX Broker is regulated by the Dutch Central Bank (DNB) and the Dutch Financial Markets Authority (AFM).

Interactive Brokers is regulated by the Financial Conduct Authority (FCA) and the Financial Industry Regulatory Authority (FINRA).

Compensation Scheme

The platform is protected by the British Financial Services Compensation Scheme (FSCS), which provides insurance, investment instruments and funds up to £50,000 per client.

The FSCS Compensation Scheme applies to options on stock indices outside the United States and to all CFDs. In the event that the customer makes use of the compensation facility resulting from the FSCS, this may lead to the non-recognition of the right to compensation by SIPC.

At LYNX, all clients receive an individual account that is separate from the trader’s cash and assets, but also from other clients’ capital and, of course, with transparent access to funding.

Customer Care

According to users’ opinions, the most valuable aspect of customer service at LYNX Broker is the ability to communicate in the chosen language.

The telephone attention is from Monday to Thursday from 8:00 to 20:00 and Friday until 18:00. For traders, the phone call is free of charge.

It is also possible to contact an employee of the team via email or directly from the web. In general, through these means, the response does not take more than 24 hours.

Similarly, the clients can use what they call the “Training Room“, free of charge. This tool offers webinars and seminars on various topics of interest to invest properly.

Opinions of LYNX Broker

Next we will bring you the opinions of some users who are already operating or have been clients of this broker. These opinions will also help you decide if LYNX Broker is the ideal online trader to invest your money.

Among the different opinions of the users, Noami L. said: “I am really satisfied with the options, quality, costs and services of LYNX Broker. I recommend it.

Other views were expressed by Andrew J. who said: “While the options for crypts are limited to Bitcoin and Ethereum, the advice is very valuable. I had a hard time handling the platform at first, but I’m very happy with it overall.

Also, another opinion was that of Robert F., who said: “I don’t think it’s easy to trade your platform, forex positions don’t automatically close and LYNX doesn’t inform you. It’s not for novices like me.

Finally, another of the users’ opinions was given by Carlos T.: “I can’t complain. The support team’s attention is excellent and the platform works very well, especially from my mobile phone”.

LYNX Broker Alternatives and Competitors

If after reading all the features and reviews about LYNX Broker you still need to know the reviews about other service options, you can also choose from other brokers. Currently, there are several companies that offer the online broker service.

Here are some reviews from other brokers so you can rate and compare features and opinions:

Our Selection Best Broker Forex - 2020

1		Our Choice	Open an account Free No minimum deposit	See offer Go to eToro
2		Best Forex Broker	Open an account Free No minimum deposit	See offer Go to Plus500
3		Best for Funds	Open an account Free No minimum deposit	See offer Go to XM
4		Best for Bonds	Open an account Free No minimum deposit	See offer Go to XTB
5		Best for CFDs	Open an account Free No minimum deposit	See offer Go to IG Markets

Conclusion

LYNX Broker is an experienced, safe and reliable broker. It is regulated by the three European regulatory authorities and has a deposit guarantee, so your clients can say that they are trading with a secure broker.

It is possible to trade Forex currency pairs, Contracts for Difference and hundreds of shares. Customer support is very efficient and being multilingual is an extra advantage. Payment methods are somewhat scarce but efficient.

While this broker is open to all types of traders, there are certain features of LYNX Broker that make it an ideal trader for more experienced traders. This is not only due to the required initial deposit which is quite high, but also because its trading platform is quite complex.

In short, it is a recommended broker, especially for more experienced Forex and CFD brokers.