LYNX experiences and test 2023
Gain LYNX experience without risk? That is possible. With the LYNX demo account, you can get to know the market and the provider with 1 million US dollars in play money. The LYNX demo account is time-independent so that new strategies can be put to the test again and again. But may only the LYNX demo account convince in the end or are there other points that ensure a holistically positive LYNX rating?
The LYNX test and the homepage: LYNX testimonials go in one direction
The broker LYNX provides a very interesting website and also scores with an attractive trading platform to get access to the securities market. The LYNX test only deals with the website to a limited extent. This is because the design is often a matter of taste. Only if the website has been extremely well structured or sometimes incorrectly programmed, this may affect the final LYNX rating.
It should be noted that LYNX has made an effort to create a user-friendly homepage. As the LYNX test has also shown, attention has been paid to a good and clear structure. There are the items “Securities account”, “Markets”, “Trading software”, “Prices and conditions” as well as “Broker promotions” or “Service”.
The LYNX experience in this area has all been positive. This means that the homepage has created a page on which even beginners will have no difficulties.
Private custody account or company custody account: The LYNX test reveals that there are two variants
The LYNX test found out that there are two depot variants here: The private depot for the investor or the speculator and trader and also the company depot – that is, in truth, you do not have to decide in advance as to which depot will be opened. Because as a private individual, only the private depot is available.
Because all possibilities are offered here, which is also proven by the LYNX experience, another depot or another account type is not missing.
What do the LYNX testimonials on the trading platforms look like?
On the other hand, it is different when it comes to the trading platform. Because here on the part of the provider with the
TWS trading platform
WebTrader LYNX Basic and the
app
offered three ways to participate in trading. Above all, the trading tools that are made available here are convincing (also in the LYNX test).
The TWS may be a particularly strong and promising trading platform. There are also very good LYNX experiences here. The advantage? If you follow the LYNX experience, then the TWS trading platform may be a point of contact for beginners as well as for professionals. Many order types are offered as well as features to be able to carry out a target-oriented price analysis.
For traders who do not want to install software on their computers, LYNX Basic may be recommended. The software is browser-based. However, the same features are available here that are also offered by TWS.
And if you want to access your depot on the go, you can opt for the app. Simply download and install it, and you can easily trade or speculate via tablet or smartphone.
All these points ensure a positive LYNX rating in this area. There are no LYNX experiences here that deal with the fact that the programs do not correspond to the ideas or .dem offer.
LYNX’s experiences with payment modalities
The LYNX test, which also deals with the payment options, may also have taken into account the corresponding LYNX experience. In other words, are there a corresponding number of payment options or does LYNX only accept one or two variants to capitalize the account?
The LYNX test has shown, and this may also be positive for the LYNX rating, that in addition to the classic bank transfer, the account can also be capitalized with PayPal, Revolut, or TransferWise.
Depending on the chosen payment method, the money is then available in the account immediately or after two to three working days.
The fact that LYNX is reputable may already be mentioned at this point. Because PayPal is an online payment service that usually only appears with reputable providers. Because PayPal can be used at LYNX, one has to assume that LYNX is reputable – and this much can be revealed: there are no LYNX testimonials that would claim the opposite.
The LYNX test with customer service in mind
The many contact options may be particularly advantageous for the LYNX evaluation. Convincing here, as evidenced by the LYNX experience, the broker all along the line. The LYNX test has shown that employees can be reached by phone, e-mail, fax, and contact form. The toll-free hotline is available from Monday to Thursday, 8 a.m. to 8 p.m., and Friday, 8 a.m. to 6 p.m.
Furthermore, there is a very good FAQ section. So if you have a question or sometimes a problem, you can visit the FAQ section here in advance and look for an answer.
Whether it may be negative for the LYNX rating since there is no live chat? Because the LYNX test has shown that there is a free hotline and that there are no LYNX experiences to be found the employees would be difficult to reach, this can be overlooked.
Why there is no doubt that LYNX is reputable
If you look at the offer and take a look behind the scenes with the LYNX test, you will find that LYNX is reputable. This is because the provider is regulated by the German Federal Financial Supervisory Authority (BaFin). In addition, LYNX is also allowed to offer investment services – the permission was granted by the Dutch Financial Market Authority.
The fact that LYNX is reputable is also proven by the fact that they are particularly careful when it comes to customer funds. For example, the deposit insurance is 500,000 US dollars – secured by the US Securities Investor Protection Corporation. But that’s not the only safeguard. The LYNX test has shown that there is an insurance policy with Lloyd’s. In this case, a further 30 million US dollars per customer will be insured in the event of a claim.
In terms of security, there may even be an extra point for the LYNX rating. Here you are on the safe side.
LYNX ETF
And there is also something else for the security-oriented as well as more cautious investors – and that is ETF. With Exchange Traded Funds, you can build up assets with relatively little risk.
The trade offer
If you are interested in long-term asset accumulation with ETFs, you will certainly be presented with a wide selection here. For example, the LYNX test shows that iShares, ComStage, Amundi, Xtrackers and ETF Securities are available here – these are definitely the best providers in the field.
The cost of trading
The LYNX fees are manageable. The fee is 0.14 percent – the minimum fee is 5.80 euros. If you invest higher volumes, you can look forward to discounts and discounts.
Stock exchanges and trading venues
It offers access to almost 30 exchanges in 14 countries. This means that there is a wide variety here, which – according to the LYNX experience – is also used or appreciated.
The conclusion on LYNX ETF
LYNX is also an excellent provider in this field. So if you would like to work with ETFs, you may have found a good provider here – as the LYNX test proves.
LYNX Futures
Futures trading is also offered. The big advantage, which is also confirmed by one or the other LYNX experience that the traders have made? You can diversify the portfolio even better.
The trade offer
Here, the trader can trade futures on interest rates, foreign exchange, bonds such as precious metals or even agricultural products or indices – a highly speculative process, but which brings corresponding profits if you are right.
The cost of trading
The LYNX fees here are in the range of 2 euros/contract. The Mini DAX Future can already be traded from 1.50 euros. If you are interested in Futures Order USA, you have to expect that the fee is 4 US dollars per contract – with Micro Future, on the other hand, it is 2.50 US dollars per contract.
Stock exchanges and trading venues
Traders are offered uncomplicated access to the futures exchanges – among the most important exchanges that can be found here are the CME and the CBOT (Chicago Mercantile Exchange and Chicago Board of Trade).
The conclusion on LYNX Futures
LYNX is also convincing at this level. That is, another plus point for the LYNX rating.
You can also trade options through LYNX. So there is another interesting method to diversify the portfolio even further.
The trade offer
More than 3,000 U.S. securities are offered, which are supplemented by options on indices such as commodities. Due to this large selection, money can be earned with an appropriate option strategy with upward and downward trends.
The cost of trading
The LYNX fees are also about the question of which trading venue is traded. The fee per contract for index, equity or futures options in Germany starts at 2 euros, while options orders in the USA start at 3.50 US dollars (equities and index) or 4 US dollars (futures).
Stock exchanges and trading venues
Trading can be done on the most important futures exchanges. These include EUREX as well as CME (Chicago Mercantile Exchange) or the CBOE (Chicago Board Options Exchange).
The conclusion on lynx options
In the course of the LYNX test, it was learned that options trading is offered here with true professional tools. Here you can definitely benefit from the many tools that the broker provides. Nevertheless, it is important to remain cautious – because the risk that options trading entails should not be underestimated.
