Lynx: multi-market broker on the Interactive Brokers platform, for active investors? My 2026 review

Lynx is a European broker, licensed in the Netherlands (AFM) and Germany (BaFin), running on the Interactive Brokers infrastructure. Client assets are held under European rules through that infrastructure. For investors in Canada the structure matters. Lynx is not registered with CIRO, the Canadian Investment Regulatory Organization, and is not overseen by the provincial securities commissions that make up the CSA. Accounts are not covered by CIPF, the protection that applies if a CIRO member becomes insolvent. Its European regulation is solid, but it is a different frame from a locally registered Canadian broker, and the recourse available to a Canadian client differs accordingly.

Lynx charges competitive, transparent commissions on North American stocks, from about $0.01 per share with a minimum of about $2 per order, and forex spreads from about 0.3 pips. There is no deposit fee, but an inactivity fee of about EUR 5 per month applies when the balance is under about EUR 1,000, and only the first withdrawal each month is free. A currency conversion of about 0.25% applies on cross-currency activity.

For a Canadian resident, gains realised outside a registered account are generally taxable and you must declare them to the CRA yourself. This is not tax advice.

Through the Interactive Brokers infrastructure, Lynx reaches more than 100 global exchanges across stocks, ETFs, options, futures, forex, bonds, commodities, indices and CFDs. The professional Trader Workstation platform adds advanced order types, algorithmic and API trading.

This breadth is genuine and you hold many instruments directly rather than as CFDs. The counterpart is complexity: the platform is built for active and experienced investors, and there is no native crypto and no copy trading.

Lynx is a powerful multi-market broker: the reach and tooling of Interactive Brokers, wrapped in European regulation and support, with no minimum deposit and competitive commissions. For an experienced, active investor it is a serious option.

We list it as a reference rather than a HelloBrokers partner, so there is no affiliate link here. Its main limits for Canada are regulatory, it operates under European licences rather than CIRO registration, so accounts are outside CIPF protection, and practical, a steep learning curve, inactivity fees on small balances and no registered accounts. If your priority is a Canada-regulated broker, a CIRO member is a better fit.