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LYNX‘s trading platforms include both web and mobile. The company has a great range of markets and products, including vital international and various local European exchanges. They also offer relatively lower fees for ETFs and stock trading. Additionally, their mobile trading platform and customer service are top-notch. However, traders may encounter challenges with the limited withdrawal and deposit options; they only accept bank transfers. The advantages of using LYNX include:
LYNX was established in 2006 and is headquartered in Amsterdam with a branch in Charlottenstrasse, Berlin. The trading platforms include both web and mobile. The company has a great range of markets and products, including vital international and various local European exchanges. They also offer relatively lower fees for ETFs and stock trading. Additionally, their mobile trading platform and customer service are top-notch. However, traders may encounter challenges with the limited withdrawal and deposit options; they only accept bank transfers. The advantages of using LYNX include:
The account opening process is simple and fully digitalized. However, the account review team may take longer to approve newly opened accounts. The high minimum deposit of €3000 may also discourage traders. The procedure includes:
LYNX offers transparent fees, which are also listed on the official website. The broker believes that custody fees and transaction costs affect traders’ returns. Therefore, they strive to offer competitive, cheap and transparent prices.
It is important to note that Lynx exempts new traders from platform fees. Traders with more than €100,000 in their portfolio are also exempted from platform fees. Additionally, the first withdrawal of every calendar month is free. However, charges may apply for the subsequent months depending on the currency.
LYNX offers both web and mobile trading. The mobile platform is well–designed and easy to navigate. It has a two-step login feature which makes it secure. There are also a variety of order types and a good search feature. The chat-bot makes it top-notch in terms of customer support. The app is available in both IOS and android for free download.
The web platform has advanced functionalities and offers excellent customizability. However, new users may find it too sophisticated to navigate. The web platform suits experienced traders who can use the customizable features and tools.
Lynx collects various important details from users during the registration process. New clients must provide proof of identity and residency to be able to open an account with the broker. The process is digital and can be completed on the web platform.
The following documents are required for identification: