Overview Of LYNX
LYNX Is A Brokerage Based In The Netherlands That Has Been Operating Under The Supervision Of The Czech National Bank (CNB) For The Past 5-10 Years. The Platform Offers A Diverse Range Of Trading Instruments Including Stocks, ETFs, Stock Options, Futures, Futures Options, Bonds, Currencies And Investment Funds, Offering Investors A Wealth Of Opportunities To Diversify Their Portfolios.
For Account Types, LYNX Is Available For Individual, Joint And Corporate Accounts, Allowing Users To Choose The Option That Best Suits Their Trading Needs And Preferences. The Minimum Initial Deposit Requirement Is €3,210, Enabling Investors Of All Levels Of Capital To Access The Market. LYNX Offers Two Main Trading Platforms, Trader Workstation (TWS) And LYNX +, To Cater To Different Types Of Investors.
In Terms Of Funding Methods, LYNX Supports Bank Transfers, Credit And Debit Cards, Providing Users With Flexible Ways To Access And Withdraw Funds. Customer Support Is Provided Via Email And Phone, Ensuring That Customers Can Seek Help When Needed.
Regulatory Information
LYNX Is Regulated By The Czech National Bank And Holds A Retail Foreign Exchange License. This Regulation Ensures That The Company Operates Under The Supervision Of The Czech National Bank And Is Authorized To Provide Foreign Exchange Trading Services To Retail Customers. The Legitimacy Of LYNX Is Further Reinforced By Its Compliance With Regulatory Requirements And Its Acceptance Of Reputable Financial Institution Group Supervision.
Wold-be Users Can Have Confidence In The Company's Services And Customer Support, Knowing That The Company Adheres To Established Standards And Regulations. However, It Is Necessary For Individuals To Perform Due Diligence And Research Before Engaging In Any Financial Activity With LYNX Or Any Other Brokerage Firm.
Pros And Cons
LYNX Is Regulated By The Czech National Bank, Providing Investors With Confidence In The Legitimacy And Reliability Of The Platform. Regulation Ensures That The Company Operates Under The Supervision Of The Czech National Bank And Is Authorized To Provide Foreign Exchange Trading Services To Retail Clients.
This Oversight By A Reputable Financial Institution Group Enhances The Company's Compliance With Regulatory Requirements, Providing Users With A Transparent And Secure Trading Environment. In Addition, LYNX Offers A Diverse Range Of Trading Instruments, Including Stocks, ETFs, Options, Futures, Bonds, Currencies And Investment Funds.
LYNX's Customer Support Services Are Limited To Weekdays From 8:00am To 10:00pm. Investors Who Need Assistance Outside Of These Hours May Find It Difficult To Access Immediate Support. Another Consideration Is The Relatively High Minimum Initial Deposit Required When Opening An Account With LYNX. This May Pose A Hurdle For Some Potential Investors With Lower Starting Capital. It Is Necessary For Individuals To Carefully Evaluate Their Trading Needs And Account Requirements Before Committing To Open An Account With LYNX.
Market Instruments
LYNX Offers A Variety Of Market Instruments, Including Stocks, ETFs, Stock Options, Futures, Futures Options, Bonds, Currencies, And Investment Funds. Stocks Represent Ownership In A Company, While ETFs Offer Investment In A Basket Of Securities. Stock Options And Futures Offer Opportunities For Speculation And Risk Hedging. Bonds Are Debt Securities Issued By Governments Or Companies. Currency Trading Allows Participation In The Foreign Exchange Market.
Investment Funds Offer Diversified Investments In A Variety Of Assets. LYNX Also Provides Access To Stock Futures And Indices, Making It Possible To Trade Based On Market Performance. In Addition, They Also Offer Warrants For The Right To Buy Or Sell The Underlying Asset At A Specified Price. With This Range Of Market Instruments, LYNX Caters To The Needs Of Different Investors, Enabling Them To Make Informed And Strategic Decisions.
Account Types
LYNX Offers A Number Of Types Of Trading Accounts To Suit Different Needs And Preferences. The First Category Is An Individual Investment Account, Designed To Make A Natural Person A Registered Account Holder. Individuals Have Full Control And Financial Responsibility Over The Account. However, They Can Appoint An Agent To Trade On Their Behalf While Retaining Exclusive Ownership Of The Security.
The Second Type Is A Joint Investment Account, Which Is Mainly Used In Cases Where A Couple, Partner Or Friend Wishes To Invest In Ether Together. These Accounts Are Limited To Two Account Holders, Who Have Equal Rights And Responsibilities With Respect To The Accounts. If More Than Two People Want To Trade Ether Together, But Only One Person Legally Owns The Securities, Then It Is Also Possible To Choose A Personal Securities Account, Authorizing Access By Others.
For Corporate Entities, LYNX Offers Corporate Investment Accounts. These Accounts Are Suitable For Companies And Organizations, Enabling Them To Make Speculative, Medium And Long-term Investments, And To Hedge Against Currency Or Commodity Price Fluctuations.
In Addition, LYNX Offers A Choice Of Accounts For Individuals, Unions And Businesses With Cash Or Margin. A Cash Account Is Sufficient For Regular Stock Trading, While A Margin Account Is Necessary For Trading Options, Futures Or Other Derivatives That Involve Higher Risk. A Margin Account Offers The Option Of Trading On Margin, But Is Not Mandatory. LYNX Allows Users To Switch Accounts Between Cash And Margin Depending On Their Level Of Knowledge And Experience.
How Do I Open An Account?
To Open An Account With LYNX, Follow These 5 Steps:
Visit The LYNX Website: Go To Https://www.lynxbroker.com/and Navigate To The Account Opening Page.
2. Select Your Country: Select Your Country Of Residence From The Available Options. This Step Is Important As It Identifies The Specific Account Types And Services Available Based On Your Location.
3. Fill Out The Application Form: Provide The Required Information In The Account Application Form. Typically Include Personal Details, Contact Information, Financial Information And Other Necessary Data.
4. Verify Your Identity: Confirm Your Identity Following The Verification Process. This May Involve Submitting Identification Documents, Proof Of Residency And Other Relevant Documents.
5. Deposit Of Funds Into Your Account: Once Your Application Is Approved And Your Identity Is Verified, You Can Deposit Funds To Start Trading. LYNX Offers A Variety Of Fund Deposit Options Such As Bank Transfer, Credit/debit Card And Electronic Payment Methods.
Leverage
Maximum Leverage For CFDs On LYNX Is 40:1. This Means That For Every $1 Deposited, You Can Control Positions Worth Up To $40. However, It Is Important To Note That Leverage Can Amplify Your Losses And Profits. Therefore, Be Careful When Using Leverage And Understand The Risks Involved.
The Maximum Leverage Available To You Also Depends On The Underlying Asset You Are Trading. For Example, The Maximum Leverage For Forex Trading Is 30:1, While The Maximum Leverage For Stock Trading Is 2:1.
Spreads And Commissions
LYNX Claims To Offer A Platform That Comprehensively Compares Online Brokers, Going Beyond Transaction Costs. They Emphasize The Importance Of Considerations Such As Platform Reliability, Global Trading Capabilities, And The Level Of A Professional Client Server. In Addition, LYNX Emphasizes Their Commitment To Transparency, Aiming To Provide Clients With A Clear And Concise Fee Structure That Avoids Any Hidden Fees, Including Currency Trading Fees, Stock Trading Fees, And Dividend Fees.
Although No Specific Data Is Provided On The Official Website, LYNX Claims That They Offer Competitive Spreads And Commissions, Enabling Clients To Access A Wide Range Of Financial Products And Trading Opportunities Without Incurring Excessive Costs. They Also Highlight Their Advanced Trading Platform, Which Is Designed To Facilitate A Seamless Trading Experience, And Are Committed To Providing A First-class Customer Support Service. LYNX, Through A Wide Range Of Products, Is Designed To Meet The Unique Needs Of Different Investors.
Trading Platform
LYNX Offers A Range Of Trading Platforms To Meet The Needs Of Different Types Of Investors. One Of The Main Platforms Is Trader Workstation (TWS), An Advanced Trading Platform Designed For Active Traders. TWS Offers A Wide Range Of Technical And Fundamental Analysis Capabilities That Enable Users To Make Informed Decisions. With Over 60 Order Types, In-depth Order Books, And A Variety Of Trading Tools, Investors Can Effectively Determine Their Entry And Exit Points. Compatible With Windows, Mac And Linux, The Platform Offers Flexibility To Users.
For Those Who Prefer A Web-based Platform Without The Need For Software Downloads, LYNX Offers LYNX +. This Practical Web Trading Platform Allows Users To Monitor Their Portfolios In A Simplified Way, Use Basic Indicators, And Place Orders. Despite Its User-friendly Interface, LYNX + Offers A Number Of Options For Ambitious Investors. It Can Be Accessed On Major Browsers Such As Chrome, Edge, Firefox And Safari. This Platform Is Suitable For Investors Who Like A Simplified Experience But Still Want Access To Basic Features And Functionality.
Deposits And Withdrawals
LYNX Offers A Variety Of Deposit And Withdrawal Methods, Including Bank Transfers, Credit And Debit Cards. There Is No Processing Fee For Deposits, And Withdrawal Processing Fees Are Only Charged If The Withdrawal Amount Falls Below A Certain Threshold.
To Deposit Funds Into Your LYNX Account, You Simply Log Into Your Account And Select The "Deposit Funds" Option. You Will Then Be Prompted To Enter Your Bank Account Details And The Amount You Want To Deposit.
To Withdraw Funds From Your LYNX Account, You Simply Log Into Your Account And Select The "Withdraw Funds" Option. You Will Then Be Prompted To Enter Your Bank Account Details And The Amount You Wish To Withdraw.
The Minimum Deposit Amount At LYNX Is $3,210. The Minimum Withdrawal Amount Is $100. Withdrawals Will Be Processed Within 2 Business Days.
Customer Support
The Customer Support Team Is Available On Weekdays, I.e. Monday To Friday, From 8:00am To 10:00pm, Providing Ample Time For Customers To Seek Assistance When Needed. Whether It Is To Discuss Account Related Matters, Trading Strategies, Technical Issues Or Anything Else, LYNX's Service Team Is Committed To Providing Comprehensive And Timely Support To Customers.
Customers Can Contact Customer Support By Phone On + 31 (0) 20 6251524 Or By Email Info@lynxbroker.com. In Addition, They Can Use The Free Mail Option For Written Correspondence.
