LYNX

LYNX Information

Based in the Netherlands, LYNX is a licensed regulated internet broker of the Czech National Bank, launched in 2006. Covering a wide spectrum of instruments like FX, equities, futures, and ETFs, it provides access to more than 150 marketplaces across 30+ nations.

Pros and Cons

Is LYNX Legit?

LYNX is a regulated broker licensed by the Czech National Bank(CNB) with a Retail Forex License (License No. 02451778), active since August 28, 2013.

What Can I Trade on LYNX?

With access to more than 150 markets spread across 30+ nations, LYNX lets customers trade a broad spectrum of assets including stocks, ETFs, options, futures, currencies, CFDs, and structured products.

Account Type

LYNX has three primary kinds of live trading accounts: Individual, Joint, and Corporate. Furthermore, every account can be setup as either a Cash Account or a Margin Account, based on the trader's experience and product requirements. At the moment, LYNX lacks Islamic or demo accounts.

LYNX Fees

Especially for forex traders, LYNX's trading costs are reasonable in comparison to industry standards. It provides no spread markups or concealed costs, raw spreads as low as 0.1 pips. Usually modest non-trading expenses include free deposits and one monthly free withdrawal. Though not publicly specified, swap fees—or overnight fees—apply.

Trading Platform

Deposit and Withdrawal

Processed through the Client Portal, LYNX provides bank transfer as the only means for deposits and withdrawals. The first monthly withdrawal is free; deposits incur no cost; bank fees could apply. Two-factor login must be used to manually start and verify deposits and withdrawals.