Precise and detailed LYNX Broker review

LYNX user-ratings: $2000
9 of 10 points 1 reviews
  • Asset varierity - 9/10
  • Trading platform - 9/10
  • Support - 9/10
  • Fees - 9/10
  • Deposit/Withdrawal - 9/10

Facts about the company:

  • Type: Stock Broker
  • Regulation: BaFin (Germany), DNB (Dutch), FSCS (UK)
  • Minimum deposit: $2000
  • Demo account: Free
  • Markets: 135+ Stocks, Options, Futures, CFDs, ETFs, Penny stocks, Certificates, Forex
Comments Rating 9/10 (1 review)


  • Trading for free with a demo account
  • Worldwide trading available
  • Great customer service
  • Regulated online broker
  • Great learning materials 
  • Additional trading tools available


  • No english website 

The history of LYNX

The online broker was founded in 2006 by Jeroen Kramer and Rogier Groen in the Netherlands. Just two years later Lynx opened another office in Germany and Belgium.

In 2009 Lynx won its first prize. Here the online broker received the award for best newcomer of the year in the Netherlands. In 2010, Lynx received the award for the second year in a row from the renowned investor magazine Beleggers Belangen as the best broker in the Netherlands. The 10,000th securities account opening was also achieved in 2010.

In 2013, Lynx will open an office in Prague, thus entering the Czech market. Thus, Lynx is now already represented in four European countries. One year later, the company expanded into Finland. The sixth office in Europe will then be opened in France in 2015. The opening of a branch in Slovakia will take place in 2016. Twelve years after its foundation, in 2018, Lynx welcomes its 60,000th customer.

Screenshot of the LYNX landing page

How is LYNX regulated?

As a financial services provider, LYNX attaches great importance to optimal protection and security. LYNX has all the necessary government licenses. The German branch is licensed and supervised by the Federal Financial Supervisory Authority (BaFin).

In the Netherlands, LYNX is supervised by the Securities and Markets Authority (AFM) and the Dutch Central Bank (DNB).

What awards does LYNX have as a broker?

Lynx has a wide range of brokerage awards:

  • 2nd place Futures Broker of the 2013 and 2019 Broker of Choice Awards; 3rd place 2012, 2014, 2015 and 2016
  • Best online broker at the BankingCheck Awards 2013, 2014, 2015 and 2018
  • Best all-around broker by the renowned Dutch broker comparison site 2017
  • Broker of the Year in the Czech Republic 2015 and 2016
  • Best broker in the Netherlands (Gouden Stier 2016)
  • Best Online Broker 2013, 2014 and 2015 from Handelsblatt
  • Best broker in the Netherlands 2010, 2011, and 2012 by the renowned investor magazine Beleggers Belangen
  • Best Newcomer of the Year in the Netherlands 2009, published on

Which markets are tradable?

With Lynx, trading is possible on more than 100 exchanges in Europe, America, Asia and Australia.

The following products are tradable:

  • Shares
  • ETFs
  • Options
  • Futures
  • Warrants
  • CFDs
  • Raw materials
  • Certificates
  • Forex

Stock and futures trading are possible in over 18 countries. ETFs and options can be traded on over 30 exchanges. Over 80 currency pairs are available for forex trading and over 7,000 tradable instruments can be used via CFDs.

More than 200,000 certificates are tradable and many well-known issuers are also available for warrants.

What is the minimum deposit?

In order to be able to open a securities account, a minimum deposit of 2,000 Dollars (or equivalent in another currency) is required. Alternatively, such a securities account can also be opened by a transfer of securities (total value at transfer: at least $2,000).

Is there a deposit guarantee?

There is a deposit guarantee. The deposit is held at Interactive Brokers U.K. (IB UK). IB UK is a sister company of Interactive Brokers LLC (IB), a Nasdaq-listed company (symbol: IBKR), which has been active in the financial world for more than 33 years and pursues an extremely conservative business policy.

IB employs more than 800 people worldwide, settles more than 1,000,000 transactions daily, and has equity of USD 5 billion. IB was not directly affected by the financial crisis, as risky exposures in subprime loans and CDOs were consistently avoided. The company has been consistently profitable for years, even during the financial crisis. IB is subject to SEC and CFTC standards. IB UK is subject to FSA standards.

All customer accounts are segregated accounts. These are accounts that are separate from the brokerage house accounts. Should a Broker become insolvent, the customer with a segregated account can still dispose of his money with the relevant Broker.

Customer funds and capital investments are also protected in three different ways:

Customer deposits are held in segregated accounts, which are kept strictly separate from IB’s equity. Claims on IB cannot, therefore, be extended to client funds.

In the unlikely event of IB’s insolvency, customer funds and financial instruments are protected by the US Securities Investor Protection Corporation (SIPC). The protection covers a maximum of USD 500,000 per client, including a maximum of USD 250,000 on cash deposits. In addition, IB has a policy with Lloyd’s that provides protection of USD 30 million per client (including USD 900,000 on cash deposits), with a total maximum of USD 150 million per claim.

In the event that there are positions in non-US index options, non-US index futures, metals, and cash positions in the UK account, customers can choose to take advantage of the UK Financial Services Compensation Scheme (FSCS). This covers up to GBP 50,000 per client. However, if an offsetting procedure with the US SIPC is ongoing or has been completed, an offsetting procedure with FSCS may be rejected.

How is the account opened?

For opening a custody account, one has to follow the following next three steps:

  • Fill in the securities account opening application
    This can be conveniently filled out online.
  • Signature and POSTIDENT
    After authentication by POSTIDENT, the signed application form and the documents required to open a securities account will be sent to Lynx.
  • Opening a securities account
    As soon as Lynx has received the complete securities account opening documents, the securities account will be opened immediately via the online broker Lynx.

It is also possible to open up a demo account. For this, one must fill out a registration formula. Afterward, risk-less trading is possible.

What are the conditions and spreads at LYNX?

Both the conditions and the spreads at Lynx are good. For EUR/USD the spread starts at 0.1 pip.

The portfolio management and all services related to the portfolio are free of charge. Even securities trading by telephone is free of charge.

For German stocks, the commission is 0.14%. The minimum fee is USD 5.80. American shares can be traded from as little as USD 0.005 per share. Here the minimum fee is USD 5.00. The conditions for share trading on other foreign stock exchanges are also fair. In addition, there are no fees for dividend payments.

The conditions for foreign exchange are 0.4 pip * order volume. For currencies, in Euro, the minimum is 4.00 Euro. Options, as well as futures and future options in Germany, are at 2.00 Euro per contract. For futures in the USA, USD 4.00 per contract is charged. For warrants and certificates, the commission is 0.20% or a minimum of 8.00 euros.

How high are the levers and margin requirements?

Initial margin requirements for trading equity CFDs start at 12.5%. There is also no margin requirement.

When trading foreign exchange, you can trade with up to 40 times the stake. The margin requirement for the Dax Future, for example, is 13,491 Euro. The overnight margin requirement is 26,983 euros. Depending on the volatility, however, this is also adjusted accordingly and can therefore be higher on some days.

Is the final withholding tax paid automatically?

An extended tax deduction on investment income (§ 20 EStG) was introduced with effect from 1 January 2009. This means that a uniform 25% tax deduction is made on investment income in the form of withholding tax. In addition, 5.5% is calculated on the amount of the final withholding tax as a solidarity surcharge. Investment income is thus taxed at a “flat rate”.

In the case of LYNX, the settlement and payment of the flat-rate withholding tax is not carried out until 31.12. of a year and is carried out independently. The settlement is carried out independently via the individual income tax return. However, taxation is still at a flat rate and not at the higher income tax rate. This means that the accumulated trading profits are available for profitable reinvestment throughout the year. In this way, an additional leverage effect is achieved for your own securities account. This type of settlement via the income tax return is possible because the securities account is managed by Interactive Brokers UK Ltd. in England.

How do I make deposits and withdrawals?

Deposits and withdrawals are made quickly and easily via your own account management.

In order to make a deposit, a deposit note must first be set in the account management. Afterward, a deposit can be made. The deposit is usually credited to your own account after two working days.

A reference account must be saved the first time a payment is made. After that, a payout can be made at any time. As a rule, the transfer will be credited to your own current account within 1 to 3 working days. An insight into account management at Lynx and the possibility of deposits and withdrawals.

What trading tools are available at LYNX?

Lynx uses the Trader Workstation (TWS) trading software. The TWS offers a wide range of analysis tools to examine the price development of stocks, currencies, options, and futures.

TWS Trader

Fundamental data, balance sheet information, profiles, and ratios can be analyzed and displayed. It is also possible to query historical price information. Insight into the order book and Time & Sales are also available. News can also be displayed in real-time via RSS feed.

Furthermore, a variety of trading tools are also included in the TWS:


In ChartTrader you can trade directly on the real-time chart and customize your chart according to your needs with the help of over 70 technical indicators.


The BookTrader is the right tool for investors who want to enter and transmit orders particularly quickly. With just a few clicks, an order can be transmitted directly in the order book to the relevant stock exchange.


With BasketTrader you create your own basket/index of securities that you want to trade simultaneously. Of course, these values in the basket/index can be changed at any time. The BasketTrader is therefore also the ideal tool for all investors who regularly trade positions at the same time.


FXTrader is the optimal tool for, particularly active forex traders. With just one click you can trade your desired currencies at lightning speed. With FXTrader you can keep track of up to 16 currency pairs and place, modify or cancel orders at lightning speed.


Thanks to its clear interface, OptionTrader is suitable for both beginners and professionals. It offers a clear display of available option contracts of an underlying asset, as well as various modules for risk and portfolio analysis.

Option Portfolio

With the help of the Option Portfolio Tool, you can see the risk profile of your option positions at a glance and immediately adjust them based on the option greens. In addition, you can achieve your target of Delta, Gamma, Vega, or Theta by simply specifying this target.

Does LYNX offer a training area?

Lynx offers a comprehensive training area. Under the heading “Knowledge” there is a wide range of training opportunities.

Various analyses are provided free of charge:

  • Stock market overview – Market overview for shares and indices
  • Weekly outlook – A look into the future
  • Market Commentary – Video Analysis
  • ETF of the week – Exchange-traded investment funds

In addition, there is a large number of articles that convey current knowledge from the world of stock markets. In the section “Interviews” you will find numerous interviews with stock market professionals and professional traders.

The Masterclass offers webinars and seminars on various topics, such as analysis, derivatives, trading platform, and strategy & tactics. In addition, a comprehensive archive of webinar recordings is also available. Lynx Live is a 10-minute YouTube live broadcast, which is broadcast every Friday at 6 pm and provides an entertaining summary of the week’s stock market events and an outlook for the coming week.

There is also a wealth of stock market information, such as a dividend calendar, analysts’ assessments of stocks, stock market gurus, expiration of options, etc. Strategies and tools provide trading tips and tools for options trading. The online training course teaches and trains to trade in options, futures, and ETFs.

Where can I find the LYNX app?

The Lynx Trading app is available for both iOS and Android devices. The advantages of the mobile application include the following:

  • Always keep an eye on your portfolio and open orders
  • Trade all stocks, options, futures, currencies, and much more
  • Streaming quotes and charts in real-time
  • Use the Market Scanner to filter markets and stocks according to specific criteria
  • Set personal price alerts

How can I contact LYNX?

Lynx can be contacted by email and telephone. Furthermore, there is also a Quick Support service. Here, for example, technical questions are clarified via remote maintenance.

Support available:Mo 8 am to Thu 8 pm and Fri 8 am to 6 pm
Telephone:+49 30 – 3 03 28 66 90

How do you classify as a professional client?

Under the rules of the Financial Conduct Authority (FCA), clients can be classified as either retail or professional. Under the Markets in Financial Instruments Directive (“MIFID”), Lynx’s Custodian Broker Interactive Brokers UK (IB UK) may therefore classify clients as a voluntary professional-client were a required “qualitative assessment” or the result of such assessment permits.

As part of the “qualitative examination” at least two of the following conditions must be fulfilled:

  • You have carried out an average of ten transactions of significant size per quarter over the past year in the market on which the financial instruments for which you are to be classified as a professional client are traded;
  • one has bank deposits and financial instruments worth more than 500,000 euros;
  • One has exercised a profession in the capital market for at least one year, which requires knowledge of the transactions, investment services, and ancillary services in question.


The online broker Lynx offers a comprehensive universe of tradable products in good conditions. As Lynx is an ECN broker, execution and pricing are fair and transparent. Numerous awards reflect the high quality of Lynx as a broker. Thanks to its strong partner Interactive Brokers, deposits are also secure. With the help of the Trader Workstation, a trading platform is available which includes all important functions for professional trading. The Lynx app allows you to trade on the go and keep an eye on the markets and your portfolio at all times. The training area gives a comprehensive insight into the markets and trading so that customers receive continuous support for secure and profitable trading.

Most asked questions:

Is there a demo account?

You can easily register for a demo account. Alternatively, you can also register for a demo account via the start page.To do this, select the “Online Broker” tab and then “Trading Platform & Tools”. The demo account tab will then appear in the bar that appears.

Does LYNX Have An Exemption Order?

Due to the fact that the securities account is managed in Great Britain, this step is not necessary with LYNX. This has the unique advantage that the flat-rate withholding tax does not have to be paid until the end of the year via the tax return. For this reason, Lynx does not require an exemption order.

What Trading platforms are available?

With LYNX you can trade with three platforms: The trading platform TWS, the LYNX Basic WebTrader as well as using mobile apps for trading. All three options can be used in compliance with additional trading tools.

What trading Possibilities are available?

LYNX offers its clients a lot of analyzing tools such as technical analyzes, market analyzes, fundamental analyzes, and many more. Moreover, there are learning offerings available like podcasts, webinars, market news, and more.

One Response

  1. Andre Witzel September 21, 2020

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