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LYNX Broker Review & Rating [yyyy]

LYNX Broker Review & Rating 2022

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Is LYNX legit? This company is currently one of the largest and fastest-growing Forex brokers in Europe with operations in 9 countries.

Is LYNX good? LYNX has received the 13th best trading broker award in many European countries such as Germany, the Netherlands, and the Czech Republic.

LYNX  is also an introductory broker for Interactive Brokers. This means that funds are deposited into an Interactive Broker account, but fees and commissions are charged by LYNX.

Are you still wondering, is LYNX a safe platform? In this full review of LYNX, we will explain everything to help you understand if LYNX is a scam or reliable.

We will also dive deep into this full review of LYNX and assess their demo accounts, trading platforms, and more. This Lynx Broker Review is going to be neutral. AtoZ Markets is not responsible for any opinions made by the writer

 

lynx broker review

Overview

Company
7/10
Trust
7/10
Trading Platform
7/10
Account Types
7/10
Costs
8/10
Customer Support
6/10
Regulation
8/10
Cryptocurrency
7/10

Company

7 /10

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

LYNX is considered a reliable brokerage as both institutions are regulated by first-class institutions. LYNX specializes in Forex and CFDs.

They provide 50,000+ clients in multiple countries worldwide access to international markets for investment. Their rates and fees are generally low, and it stands out for its mobile platform.

Some LYNX features and products mentioned in this review may not be available to traders from specific countries due to legal restrictions.

In the following sections, we will analyze the various characteristics of LYNX, various products such as stocks, commodities, Forex, Bitcoin and others, which will help you determine if LYNX is the right broker to trade with.

LYNX pros and cons

Pros

  • Fast, user-friendly, and secure trading platform.
  • Low fees.
  • Experienced technical support.
  • Account without a service fee.
  • Wide range of products and markets.

Cons

  • The minimum deposit is 3000 euros.
  • High commission for inaction.

We hope you find this LYNX broker review useful.

Trust

7 /10

LYNX complies with the highest standards regarding the customers' funds' safety. Therefore, LYNX clients' funds are kept in segregated accounts.

LYNX also complies with the client money handling rules and employs strict policies and procedures regarding the maintenance and operation of these accounts. LYNX holds client's money separately from the company funds and does not use these funds for any company operational expenses or purposes.

Trading Platform

7 /10

LYNX has a professional trading platform that provides a stable and reliable trading environment along with a variety of trading tools and professional guidance from the LYNX support team. Can be used on the desktop, web browser, tablet, and mobile devices (Android and iOS).

LYNX desktop platform

lynxbroker destop platfrom

Image credit: Lynx

The powerful desktop platform has an intuitive and easy-to-use interface and contains all the necessary tools and features for a smooth trading experience. It's pretty simple for new investors, but it has enough advanced capabilities to suit more seasoned investors.

  • Real-time pricing information
  • 100 markets in more than 20 countries
  • 60 different types of simple and advanced orders (limit orders, stop-limit orders, market orders, bracket orders, iceberg orders, etc.)
  • The card trade
  • More than 80 technical indicators to analyze the markets, including Fibonacci
  • Draw objects to mark support/resistance and key price levels
  • Multiple chart types (candlestick, bar, and line) and time frames
  • Access to historical prices

Lynx Mobile Trading App

Lynx broker mobile app

image credit: Lynx

QThe Lynx mobile trading app is useful for those who need to access their account and trade while on the go. This user-friendly app gives you access to the markets and your trading account from all Android and iOS devices from anywhere in the world where you have an Internet connection.

  • Trade on the go from the palm of your hands
  • Real-time pricing on multiple instruments
  • Trade in various markets, such as stocks, shares, options, futures, currencies, etc.
  • Set price-based push alert notifications
  • Use the mobile scanner to find possible trade setups
  • Place, manage and close orders in real-time

LYNX Web Trading Platform

Lynx's simple web platform allows you to operate directly from most modern web browsers without the need to download or install any additional software. This user-friendly platform can be useful for users who use multiple different devices and those who work behind a firewall and are aware of the potential security implications of downloading third-party applications.

Trading and education tools

The LYNX trading platform has a variety of analysis tools for each type of trading strategy to help users analyze the markets quickly and efficiently. They can help spot trends and ranges, identify areas of support and resistance, key price levels, and more.

BookTrader

The BookTrader tool allows you to place and close orders faster. It only takes two clicks to submit multiple types of orders through the deep book directly to the exchange. There is a price scale that shows the buy/sell prices while you can see your profit/loss in real-time.

OptionTrader

The OptionTrader tool displays an overview of all option series for the selected fund on a single customizable screen. This allows the user to quickly analyze potential risks and place One-Click Trading (OCT) orders.

ComboTrader

The ComboTrader tool allows users to create and submit combination orders (Straddles, Strangles, Butterflies, etc.) to the exchange in a single order, rather than waiting for them to fill leg by leg.

FX Investor

The Currency Investor tool allows you to trade more than 80 forex currency pairs in one click. Show the best bid and ask prices on a customizable trading screen.

Investor Chart

The Chart Trader tools do exactly what it says: they allow you to quickly place, manage and cancel orders directly from the charts in real-time.

MarketScanner

The MarketScanner tool provides an overview of the markets you want to scan. You can configure the filters and parameters to show only the instruments that are relevant to you. It can also show the most traded stocks, the highest-earning and the highest losing stocks, or the highest dividend stocks.

Trading instruments

Through Lynx, you can access more than 100 financial markets in more than 20 countries around the world. This includes the markets of Europe, America, Asia, and Australia. Clients can trade stocks, options, futures, currencies, bonds, CFDs, and ETFs. It should be noted that some countries have access to certain asset classes and others do not.

Account Types

7 /10

Several accounts are provided for working on the market. The types of accounts provided by LYNX are as follows:

  • Individual Account: This is an account where you are the sole owner
  • Joint Account: If there are two or more account owners
  • Corporate Account: This account type is for legal entities

Demo account

LYNX offers a demo account for novice traders or anyone who just wants to try out the available tools before investing real money. Unlike many other brokers, the usage time is not limited.

Traders can use this feature in the real world and receive support in their preferred language. You can use up to $1 million in fictitious money without any risk.

Deposit methods and minimum deposit

The minimum deposit required to open an account with LYNX is €3,000. This can be done via direct deposit or by transferring an existing portfolio with a minimum value of €3,000.

In case of opening a live account, you can deposit money only by bank transfer and the fund will be available within 1 or 2 days in the trading account.

Withdrawal methods

In terms of withdrawals, LYNX traders can access a free withdrawal once a month. Withdrawal options are as follows: SEPA transfers (worth €1) or bank transfers (worth €8).

Cryptocurrency

7 /10

LYNX offers traders the opportunity to trade only Bitcoin and Ethereum. The trading platform of this company also gives you the ability to directly or indirectly react to the price of BTC with stocks, options, and futures, in addition to trading with ETH.

The main stocks related to Bitcoin are as follows:

  • Global Blockchain Technology (BLOC) + 1164.3%
  • Bitcoin Group (AMG)
  • Riot Blockchain (RIOT) + 665.5%
  • DigitalX (DCC) + 677,8%.
  • BTL Group (BTL) + 993.2%

LYNX offers the following options for investing in bitcoin:

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

Bitcoin futures offered:

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

Among the famous Ethereum investments, LYNX offers the XBT Ethereum ETN provider - (COINETHE).

Costs

8 /10

LYNX offers low trading commissions for transactions in stocks, options, futures, warrants, Forex, cryptocurrencies such as Bitcoin, and others.

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

The transaction fees charged by this platform are based on stock and ETF volume, per share or percentage. Forex fees are low at around €4 per lot.

Like CFDs, LYNX Broker's European funds commissions are low and are calculated as 0.1% of the trade value with a minimum of €6 and a maximum of €45.

Bonus rates at LYNX are low. On the contrary, the option fee is quite high. LYNX charges a commission for each option contract that you trade. They are based on volume, just like with futures.

LYNX does not charge a commission on each account but does charge a monthly fee of €5 for inactivity without generating at least €5 in commission per month.

As platform fee can vary and change, there may be additional fees that are not listed in this Lynx review. It is imperative to ensure that you check and understand all of the latest information before you open a LYNX account for online trading.

Customer support

According to most people, the most valuable aspect of LYNX customer service is the ability to communicate in the language of their choice.

Telephone service from Monday to Thursday from 8:00 to 20:00 and from Friday to 18:00. The phone call is free for traders.

You can also contact a member of the team by email or directly over the Internet. Typically, these tools will take no more than 24 hours to respond.

Likewise, customers can use what they call a “workout room” for free. This tool offers webinars and seminars on various topics of interest for the right investment.

Customer Support

6 /10

According to most people, the most valuable aspect of LYNX customer service is the ability to communicate in the language of their choice.

Telephone service from Monday to Thursday from 8:00 to 20:00 and from Friday to 18:00. The phone call is free for traders.

You can also contact a member of the team by email or directly over the Internet. Typically, these tools will take no more than 24 hours to respond.

Likewise, customers can use what they call a “workout room” for free. This tool offers webinars and seminars on various topics of interest for the right investment.

Regulation

8 /10

Is LYNX safe? LYNX is regulated in the Netherlands by the De Nederlandsche Bank (DNB) and the Dutch Authority for the Financial Markets (AFM). As a result, this company is highly committed to the protection and security of client funds.

Once a trader deposit money to their LYNX account, the account is also managed and executed by Interactive Brokers UK, one of the largest, safest, and most reliable brokers in the world.

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 personally checks them on a number of security issues.

Moreover, LYNX keeps clients' funds in separate accounts from their own, so they cannot be used for other purposes. Client portfolios are insured up to $500,000 (up to $250,000 in cash) with additional portfolio insurance up to $30,000,000 (up to $900,000 in cash).

All of these help to assure customers of LYNX that they are a reliable and trustworthy online broker.

Conclusion

With this LYNX review, we hope to help you see if LYNX is a good fit for you to invest. LYNX is an experienced, safe, and reliable broker. It is regulated by three European regulatory bodies and has a deposit guarantee, so your customers can tell they are trading with a trusted company.

You can trade Forex currency pairs, CFDs, and hundreds of stocks. Customer support is very efficient and multilingualism is an added benefit. Payment methods are somewhat scarce but effective.

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

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

If after reading this review of LYNX, LYNX does not fulfill your needs check out these LYNX alternatives.

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