Firstrade vs LYNX - BrokerCue
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Broker Comparison

Firstrade vs LYNX

Compare Firstrade and LYNX side by side: fees, regulation, platforms.

Firstrade

Firstrade

Cost-conscious US stock, ETF and options traders

Firstrade is a US online broker with $0 online trades for stocks, ETFs, options and mutual funds, plus mobileโ€ฆ

VS
LYNX

LYNX

Active traders and advanced investors

LYNX is a Netherlands-based multi-asset broker offering stocks, ETFs, options, futures, bonds, forex and CFDsโ€ฆ

Head-to-head comparison

Firstrade vs LYNX
Feature Firstrade LYNX
Minimum deposit $0 -
Stock trading fee $0 commission Volume-based commission; from EUR 3 per trade depending on exchange and order size
Regulators FINRA AFM, DNB, BaFin, CNB, FSMA
Best for Cost-conscious US stock, ETF and options traders Active traders and advanced investors
Markets & account
Stocks
ETFs
Forex
-
CFDs
-
Bonds
Options
Futures
-
Funds
-
Margin
Investment Plans
-
Fractional Shares
-
Multi Currency
-
Demo Account
-

Pros & cons

Firstrade

Firstrade

Pros

  • $0 online trades for stocks, ETFs, options and mutual funds
  • $0 options contract, exercise and assignment fees
  • No deposit minimum and no inactivity fees
  • Overnight trading from 8 PM to 4 AM ET on 1,200+ securities
  • Options Wizard includes 40+ strategies and P&L simulations
  • ACATS transfer fee rebate up to $250 on qualifying transfers
  • Excess protection can raise coverage to $37.5 million per customer

Cons

  • Broker-assisted stock and ETF trades cost $19.95
  • Broker-assisted options cost $19.95+$0.50/contract
  • Mutual fund shares sold within 90 days can cost $19.95
  • Redemptions below $500 can incur a $19.95 fee
  • Primary Market CDs cost $30
  • Overnight trades must use limit orders only
  • ACH transfers require a U.S. financial institution
LYNX

LYNX

Pros

  • Regulated by AFM, DNB and BaFin across multiple EU jurisdictions
  • Access to 100+ stock exchanges in 30+ countries
  • Professional-grade Trader Workstation (TWS) with advanced order types and tools
  • Competitive volume-based commissions
  • Multi-currency accounts available
  • Fractional share trading supported
  • Paper trading account available through TWS
  • No deposit fee

Cons

  • High minimum deposit of EUR 3,000
  • Platform fee of up to EUR 5/month applies to smaller or less active accounts
  • Limited educational resources compared to beginner-focused brokers
  • Bank transfer is the only supported funding method
  • Paper trading not available in LYNX+ web platform
  • Complex platforms may overwhelm new investors
  • Geographic restrictions apply in some countries
Firstrade

Firstrade

Firstrade is a US online broker with $0 online trades for stocks, ETFs, options and mutual funds, plus mobile apps and overnight stock and ETF trading.

Your capital is at risk. Other fees apply.

LYNX

LYNX

LYNX is a Netherlands-based multi-asset broker offering stocks, ETFs, options, futures, bonds, forex and CFDs via professional platforms including Trader Workstation and LYNX+.

Your capital is at risk. Other fees apply.

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