The Lynx Broker service is one of the “oldies” in its field – it has been providing brokerage services since 2006. Registered in the Netherlands, the dealer provides access to stocks, options, futures, cryptocurrencies, CFDs and ETFs. His clients include investors from 24 countries, including Portugal, South Korea, Norway, Japan and Mexico.
The company does not work with Russian-speaking traders – this explains why so few reviews have been published about it on the Internet. Is there any reason to consider her a scam, or is it a safe dealer without a hint of a scam?
Lynx Broker Basic Information and Documents
As mentioned above, the service has been around since 2006. It is noteworthy that this is a German company that is regulated by the Netherlands AFM Commission. Although the list of documents does not include a scanned copy of the license, during the search for information, curious information “flared up” – the regulator revoked the license on July 28, 2021, and noted that this decision cannot be canceled.
This fact makes you seriously think – is Lynx Broker engaged in divorce? She did not receive a license in other jurisdictions; investor funds are not protected.
Contacts, social media activity and reviews
The website contains the address of the head office in the Netherlands, but you can contact the broker by using an international phone number and email. There is no online chat on the platform. The dealer provides links to accounts on Facebook, Twitter, Youtube, but the activity of subscribers there is zero.
While the service has received many awards in the past, it has received only negative reviews over the past few years. Cancellation of the license and low reputation prompts to reconsider the attitude towards the broker. Lynx Broker reviews have been disappointed to report incompetent support, withdrawal issues, and hidden fees.
What Lynx Broker offers – markets and trading conditions
On the site, users are guaranteed very low commissions, a wide range of order types and over 100 markets. Quotes and contract specifications are not provided; trading conditions are not spelled out in plain text. As stated above, the list of available assets includes bonds, stocks, funds, currency pairs, CFDs, commodities, and futures. Additionally, Lynx Broker offers structured products.
There is only one trading terminal and, apparently, it is the company’s own development. According to the dealer’s representatives, this platform has the following advantages:
Over 80 indicators and tools for technical and fundamental analysis – including Fibonacci levels, news feed and real-time price updates;
Opening orders directly on the chart – as well as quickly switching between chart views and windows;
Personal support and support – specialists from Lynx Broker are ready to provide assistance, however, there are no webinars or any other educational materials on the site.
The minimum deposit is 3,000 euros – an unaffordable amount for most traders. To trade options, a client will need $ 2,000. The trading account is charged for inactivity, as well as commissions for lots and withdrawals – some users call this cheating, since hidden fees are not spelled out anywhere.
Lynx Broker Review Summary
It was not only the published customer reviews that helped to draw conclusions about the reliability of the service, but also the verification of legal documents – apparently, the broker is currently working without a license. For an investor, cooperation with such a dealer may result in the loss of the deposit, and given the high entry threshold, there is no need to rush to open an account in this office.
