Founded in 2006 and based in the Netherlands, Lynx is an online broker that provides their clients with necessary tools to access over 100 exchanges in different parts of the world, and you can trade different asset classes, including stocks, options, futures, forex, bonds, CFDs, ETFs and more.
The broker provides their traders with flexible trading platforms, multilingual customer support, and competitive fees. They are focused on providing transparent trading conditions and services. As a result of their excellent brokerage services, they have won several industry awards including the Best Online Broker (Handelsblatt 2013 and 2015) and the Best Broker in the Netherlands. In addition to this, the Lynx customer service team also received the ‘Best Service Award’ from CASH Magazine for two consecutive years.
Lynx Review Introduction
In this Lynx review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare brokers including Lynx.
Lynx Platforms & Tools
Lynx has one professional trading platform that provides a stable and reliable trading environment along with a variety of trading tools and the professional guidance of the Lynx support. It is available as a desktop application for Windows and Mac computers, as well as a web trading platform that can run directly on most modern web browsers without the need to download or install any additional software. It is also available as the Lynx mobile trading app that gives you access to your trading account from all Android and iOS mobile devices from anywhere in the world, provided you have an internet connection. The mobile app can be downloaded from the relevant app stores.
The broker also provides clients with a variety of analysis tools for every type of trading strategy, and the tools include BookTrader, OptionTrader, ComboTrader, FX Trader, Chart Trader, and Market Scanner.
Lynx Research & Education
Aside from the analysis tools, there are limited educational materials on the broker’s website that can introduce beginner traders to the trading world.
Lynx Trading Accounts
Lynx offers the following account types:
- Individual Account — this is the account where you are the sole owner.
- Joint Account — this involves two or more account owners.
- Corporate Account — this account type is for legal entities.
For all account types, the minimum required deposit is €3000, while the forex spreads start from 0.1 pips with no spread mark-ups or any other hidden costs.
Lynx Account Funding
Activated and verified Lynx trading accounts can be funded via bank transfers only, which is processed via Interactive Brokers. There are no deposit fees, and one free withdrawal per month. Accounts can be opened in a large variety of different currencies: AUD, CZK, NZD, HKD, SGD, DKK, ILS, ZAR, NOK, CAD, JPY, PLN, SEK, CNH, RUB, CHF, MXN, HUF, USD, EUR, GBP; the broker does not charge any currency conversion fees.
Lynx Customer Service
Lynx offers their customer support services via telephone and email.
Lynx broker is regulated in the Netherlands by De Nederlandsche Bank (DNB), and the Dutch Authority for the Financial Markets (AFM). The broker works closely with Interactive Brokers, a popular brand in the industry.
Lynx Review Summary
Lynx is an online broker that offers competitive trading fees, a variety of trading tools, and a range of global financial markets. They also have their own proprietary trading platform that is user friendly and available across multiple devices.
It is worth mentioning that some of the trading products and services in this Lynx review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Lynx broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.