Dutch fintech Bux brings its Zero commission-free trading to Germany and Austria

By Oliver Smith on Monday 8 June 2020

Savings and Investment

With France in-line for further expansion this summer.

Dutch fintech Bux brings its Zero commission-free trading to Germany and Austria
Image source: Bux.

Commission-free trading app Bux is expanding its Zero stock trading service to two new European markets today.

Germany and Austria mark the second and third countries for Bux Zero outside of its home market in the Netherlands.

“With the introduction of BUX Zero in Germany and Austria, we are offering a simplified investing experience for a new generation of investors who are looking for a convenient, inexpensive solution to put their money to work,” said Bux CEO and founder Nick Bortot.

“As the economic landscape continues to change across Europe, and it becomes more difficult for younger generations to prepare for their financial future, young Europeans need better options to help them build wealth.”

Over the last year Bux has raised $12.5m, built its own full-fledged back-end broker and trading engine (akin to what Freetrade did recently), and launched its commission-free trading app.

Bux started out with its CFD trading app Bux X in 2014, later adding share trading with Bux Zero in 2019 and crypto trading in 2020 with Bux Crypto.

Like its rivals, Bux says that the current financial crisis has been a boon for trading activity, which it hopes to capitalise on with rapid expansion.

Now in three markets, Bortot says France is in line for Bux’s next phase of European expansion in the summer of 2020.

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