LYNX broker Accounts

lynx Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

lynx Account Types Explained

LYNX offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types, including their features, requirements, and target user profiles.

1. Cash Account

• Minimum Deposit: CZK 75,000 (~3,218 USD)
• Spread/Commission Structure: Variable spreads; commission fees apply based on the trading instrument.
• Leverage Options: Up to 1:40 for certain currency pairs.
• Key Features: Suitable for trading stocks, ETFs, and options; no margin trading.
• Target User Profile: Beginners and conservative traders.
• Trading Instruments Available: Stocks, ETFs, options, and currency exchange.

2. Margin Account

• Minimum Deposit: CZK 75,000 (~3,218 USD)
• Spread/Commission Structure: Variable spreads; commissions apply.
• Leverage Options: Higher leverage available, depending on the asset.
• Key Features: Allows for short selling and trading on margin; suitable for more experienced traders.
• Target User Profile: Advanced traders and those looking to leverage their positions.
• Trading Instruments Available: Stocks, ETFs, options, futures, and forex.

3. Demo Account

• Minimum Deposit: N/A (virtual funds provided)
• Spread/Commission Structure: Simulated trading conditions.
• Leverage Options: Same as live accounts.
• Key Features: Allows users to practice trading without financial risk; access to educational materials.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Cash Account, Demo Account
• Intermediate Traders: Margin Account
• Advanced Traders: Margin Account

Detailed lynx Account Features

Account Features Comparison

Advantages of Each Account Type

• Cash Account:

• No margin risk.

• Suitable for conservative trading.

• Easy to manage for beginners.

• Margin Account:

• Access to higher leverage.

• Ability to short sell.

• Suitable for advanced trading strategies.

• Demo Account:

• Risk-free environment to practice trading.

• Access to educational resources.

• Ideal for testing strategies before going live.

Disadvantages of Each Account Type

• Cash Account:

• Limited trading options (no margin).

• Lower potential returns compared to margin trading.

• Margin Account:

• Higher risk due to leverage.

• Requires more trading knowledge and experience.

• Demo Account:

• No real financial gains.

• May not fully replicate live trading conditions.

lynx Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in multiple countries; specific restrictions may apply.
• Prohibited Countries: Not specified in the sources.
• Identity Verification Documents Needed: Government-issued ID (passport or driver's license).
• Proof of Residence Requirements: Utility bill or bank statement showing the current address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• LYNX follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to verify the identity of its clients.

Verification Time Frames

• Account verification typically takes up to 2 business days, depending on the completeness of submitted documents.

Step-by-Step lynx Account Opening Guide

Registration Process

1. Visit Website: Go to the LYNX homepage.
2. Click Registration: Locate and click the "Open Account" button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type (Cash or Margin).
5. Set Trading Preferences: Indicate trading preferences and risk tolerance.
6. Document Upload: Upload required identification and proof of residence.
7. Account Verification: Wait for account verification, which usually takes up to 2 business days.
8. Fund Your Account: Once verified, deposit funds to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with mobile offering a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload failures.
• Solution: Ensure documents are clear and meet format requirements.
• Issue: Delayed verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes up to 2 business days.

How to Upgrade/Downgrade Account Types

• Users can change account types by logging into their account, navigating to account settings, and selecting the desired account type.

lynx Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• Access to the same trading platforms and instruments as live accounts.
• Ideal for beginners to learn and test strategies.

How to Open a Demo Account

• Visit the LYNX website and select the option to open a demo account. Follow the registration steps similar to opening a live account.

Demo Account Limitations

• Limited to virtual funds; no real trading profits can be made.

Virtual Balance Amount

• Typically provides a virtual balance of $100,000 for practice.

Demo vs Live Account Differences

• Demo accounts simulate trading conditions without financial risk, while live accounts involve real money and market conditions.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a limited time, often 30 days, after which they may expire unless extended.

lynx Islamic Account Details

Swap-Free/Islamic Account Availability

• LYNX does not currently offer Islamic accounts.

Eligibility Requirements

• Not applicable as Islamic accounts are not available.

Differences from Standard Accounts

• N/A due to the absence of Islamic accounts.

How to Apply for Islamic Account

• N/A.

Restrictions or Special Conditions

• N/A.

FAQs – lynx Account Types & Opening

1. What account types does lynx offer？

• LYNX offers Cash Accounts, Margin Accounts, and Demo Accounts.

1. What is the minimum deposit for each account type？

• The minimum deposit is CZK 75,000 (~3,218 USD) for both Cash and Margin Accounts; Demo Accounts do not require a deposit.

1. How long does lynx account verification take？

• Account verification typically takes up to 2 business days.

1. Does lynx offer demo accounts？

• Yes, LYNX offers demo accounts for practice trading.

1. Can I have multiple account types with lynx？

• Yes, users can open multiple account types.

1. Does lynx offer Islamic/swap-free accounts？

• No, LYNX does not offer Islamic accounts.

1. What documents do I need to open a lynx account？

• You need a government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can change your account type through the account settings.