Today, Dutch fintech startup BUX has launched its zero-commission investing app to French users, making it the first neobroker of its kind in the market. This will be the third country launch for BUX in 2020, following a successful launch in Germany and Austria earlier in the year. This brings BUX’s overall user base to more than 300,000 users, making BUX the largest neobroker in Europe.
BUX, founded in 2014, makes it easy and affordable for Europeans to do more with their money. Since launching, BUX has made the markets accessible for more than 2.5 million users across 9 countries in Europe. It currently offers 3 apps to explore the financial markets including BUX Zero, its flagship platform that is making commission-free trading possible, allowing users to invest in the brands and companies they care about. Their second service, BUX Crypto, launched in 2020, also offers an easy and affordable way to invest in Bitcoin and other digital currencies.
“We believe that anyone can become an investor, and BUX Zero has created a humanized investing experience for a new generation of investors in Europe. Buying and selling shares should be simple and affordable, and we’re looking forward to making BUX Zero’s seamless experience available to French users,” said Nick Bortot, founder and CEO. “We are proud to announce that we have become the largest neobroker in Europe and we look forward to bringing the benefits of BUX Zero to many more European markets.”
With the current pandemic still looming across Europe, many young people have turned their attention to the markets. This has brought a whole host of new customers for Bux, with assets under management almost tripling in March alone.
Earlier in July, BUX released its newest feature in BUX Zero, Stories. This feature, a first of its kind for a broker, allows users to stay up-to-date with the latest market updates and follow what’s new in the BUX Zero app. BUX is looking forward to continuing its expansion across Europe, with further country roll-outs planned for the rest of 2020 and 2021.
