From Lynx to IB

[Sasha345]

I'm thinking about to switch to IB and want to ask if there can be some problems, or maybe someone did this before and can explain me about his experience?

 

[Robert Morse]

What is Lynx and why IB? Tell us what you trade, if you want to share.

Bob

 

[HobbyTrading]

What is Lynx and why IB? Bob

This is Lynx: https://www.lynxbroker.com/

 

[Chubbly]

This is Lynx: https://www.lynxbroker.com/

The platform in the picture looks a lot like TWS.

Are they reselling or a rebranded IB or affiliate? Or do they just license TWS from IB?

https://www.lynxbroker.com/software-tools/trading-platform/

 

[HobbyTrading]

The platform in the picture looks a lot like TWS.

Are they reselling or a rebranded IB or affiliate? Or do they just license TWS from IB?

https://www.lynxbroker.com/software-tools/trading-platform/

Indeed, it is TWS. Also, all orders from Lynx are routed through IB. I'm not sure if this is called reselling, rebranding or affiliate. I guess all terms apply.

 

[Robert Morse]

This is Lynx: https://www.lynxbroker.com/

Not an SEC registered BD. I guess that is why I was not familiar with them. If they introduce business to IB, you should not see a big difference unless they offer some service that IB does not, like the way we offer LVX.

 

[HappyTrader]

I've not switched to IB, but I have transferred positions from other brokers to IB and back. The backoffice at IB were great and very helpful with the position transfer.

 

[hhiusa]

If Lynx routes through IB, I say cut out the middle man and opt for IB.

 

[Chuck Krug]

Lynx is an introducing broker to Interactive Brokers, mainly operating in the Benelux. I have done the same for a family member, cut out the introducing broker (it wasn't Lynx though) I remember this was fairly easy, and it saved a lot of money in commissions for them. There's no need to open a new account or switch from Lynx to Interactive Brokers, as the account is already at Interactive Brokers. Hope this helps.

 

[JackRab]

Lynx is basically an Interactive Brokers reseller.... I think initially it's easier to setup an account with them instead of with IB, and maybe some lower introduction fees. Dutch only isn't it?