LYNX Broker Review 2024

LYNX broker is an "all-in-one online broker", as introduced on the official website, that has been operating since 2006. This brokerage offers a very long list of trading symbols in various markets, including Forex and stocks.

Are you interested in learning more about LYNX? In this comprehensive review, we will delve deep into the broker's features and specifics, so you can discover if it's the right fit for you.

Company Information & Regulation

LYNX broker is a well-established online brokerage that provides investors with access to a wide array of financial instruments across 150 markets in over 30 countries. According to the data provided by Crunchbase, here are some key points about the company:

• Headquarters: Utrecht, Utrecht, The Netherlands
• Number of Employees: 101-250
• Founded Date: 2006

One of LYNX's standout features is its strong regulatory framework. Each branch of the broker is regulated by the related authorities. A high-tier authority among them is the Federal Financial Supervisory Authority (BaFin) in Germany.

Table of Specifics and Features

To provide a clear overview of LYNX's offerings, let's examine some key specifics:

Account Types Overview

LYNX broker offers traders a variety of account types. However, there's not much information available on their specifics in detail. Accounts in LYNX:

• Individual Investment: Registered under one person's name, full control and responsibility over the account
• Joint Investment: Shared by two people, both registered as account holders, allows joint trading and investment
• Corporate Investment: For companies, partnerships, and other legal entities, enables trading and investment activities for businesses

Also, a demo account is available. The demo is particularly useful for new traders, allowing them to familiarize themselves with the platform and test strategies without risking real capital.

Benefits and Drawbacks

To help you make an informed decision, let's examine the pros and cons of using LYNX as your forex broker:

How to Register and Verify on LYNX Broker

Opening an account with the broker is a very short and straightforward process. In this section of the LYNX broker review, we will guide you through the registration:

• Visit the website and click "Open Account";
• Click "Create New Account";
• Enter your full name and email address, then create a password.

Now, your account is created. For verification, complete your personal and residence details, then upload required documents on the website.

Trading Platforms and Software

Brokers typically utilize third-party platforms for trading. Some of them develop their own proprietary platforms, too. LYNX provides 3 proprietary platforms:

• LYNX+: A platform with a comprehensive suite of features in a convenient interface, accessible on web
• Mobile Trading App: Trading anytime, anywhere, with all available features, tools, etc. from your phone
• Trader Workstation (TWS): A more advanced platform with many features, recommended for more experienced investors

There's not much information available on the website about each platform. Nevertheless, you can download the mobile app via these links:

• Android
• iOS

Spreads and Commissions

LYNX's website does not offer much information about trading spreads. Regarding commissions:

• From 3 EUR for shares
• From zero for Forex symbols

These numbers are the same for all accounts. Check the official website for additional data. For withdrawals and other operations with the broker, no exact data is provided.

How To Make Deposits and Withdrawals

LYNX, operating through Interactive Brokers, offers several options for depositing and withdrawing funds:

• Bank transfer
• Credit/Debit card
• Online payment systems (e.g., PayPal)

Choose the method that fits you best, considering your preferences and related fees. Keep in mind that these methods might vary based on your residence location and region.

Does LYNX Offer Copy Trading or Any Investment Options For Its Clients?

Unfortunately, LYNX does not currently offer copy trading or other methods for earning passive income. It’s mainly because this broker is focused on offering services to active traders and experienced investors. Therefore, consider other options if you are interested in earning via those methods.

Bonuses: Does LYNX Offer Any Promotions?

We investigated the broker and its website for any bonus programs and promotions, and found nothing. Currently, there are no bonuses available for clients. Check the website and official sources to find out about any updates regarding this.

LYNX Broker Support Contact Methods and Working Hours

Support department in a company becomes very important when you face a challenge. LYNX provides multiple channels for customer support:

• Phone: via +31 (0)20 6251524
• Email: info@lynxbroker.com
• Live Chat: Available on the official website
• TeamViewer: Direct support through connecting to the user's computer

Per our investigations, it seems that the live chat does not support English, which is disappointing, but it's available 24/7. However, phone support schedule is different, working Monday to Friday from 8:00 to 22:00.

Restricted Countries

While LYNX broker offers its services in many countries, there are some restrictions. Unfortunately, a comprehensive list of restricted countries is not provided in the given information. However, it mainly consists of these countries:

• Iran
• Afghanistan
• Lebanon
• Cuba
• North Korea
• Iraq

LYNX Broker Trust Rating

LYNX has seen positive reviews from its users on the Trustpilot website. Let's examine these reviews in more detail:

• Overall Rating: 4.2/5 stars
• Total Reviews: +400
• 5-Star Ratings: +50%

LYNX has responded to 4 out of 4 negative reviews, demonstrating their commitment to customer satisfaction and addressing concerns. However, there are no trust scores on other resources and websites. This is considered a weakness.

Conclusion and final words

Lynx broker is one of the multi-asset brokerages that has been in the industry since 2006 and is regulated by BaFin. It seems to be a reliable company, doing a solid job in offering trading services for various markets.

However, the platforms can be a bit difficult to work with for beginners and less-experienced traders, especially with its high minimum deposit of . Also, there are no copy trading services and other investment options of any kind.