Note: For some unknown reason, we cannot open ABFXs official site (https://supertradesfx.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
LynxFundUK, a trading name of Lynx Fund Managers UK Ltd, presents itself as a CFD provider registered in the United Kingdom with number 11485831 since 2015 that claims to provide its clients with various tradable financial instruments with leverage up to 1:500 and commissions from 0.08%. Here is the home page of this brokers official site:
As for regulation, LynxFundUK says it is regulated by the Financial Conduct Authority, however, it has been verified that the broker does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.08/10. Please be aware of the risk.
Market Instruments
LynxFundUK advertises that it offers access to a wide range of trading instruments in financial markets, including CFDs on currency pairs, stocks, commodities, cryptocurrencies and more.
Leverage
The leverage offered by LynxFundUK is capped at 1:500, which is much higher than that provided by most brokers. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Commissions
LynxFundUKs website openly states that the broker offers commissions from 0.08%.
Deposit & Withdrawal
From the logos shown at the foot of the home page on LynxFundUKs official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Visa, MasterCard, Bitcoin and Bank Transfer.
Customer Support
LynxFundUK‘s Company address: 13 Austin Friars, London, United Kingdom. However, this broker doesn’t disclose other more direct contact information like telephone numbers or emails that most brokers offer.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
