Yorick Naeff (left) and Nick Bortot/BUX.
BUX becomes the first Dutch stockbroker to offer fractional investing
Launch comes after BUX raised $80m last April to super-charge its growth.
The launch also makes BUX the first stockbroker in the Netherlands to offer fractional share trading to retail investors.
“Investors with smaller budgets, especially younger generations, can now build a diversified investment portfolio with fractions of stocks from some of the biggest names in global tech, retail and auto,” said BUX CEO Yorick Naeff.
For now, BUX customers can only use fractional share trading to invest in 100 of the most popular US stocks—including Amazon, Google and Tesla.
BUX says in the future fractional investing will be expanded both to more US stocks, as well as to ETFs and European stocks; however, no timeline was given.
Bortot also said the UK remained an attractive market for BUX’s Zero trading app, which is currently only available in the Netherlands, Germany, Austria, France, Belgium, Ireland and Spain.
Last July, the company appointed Salim Sebbata as the new CEO of BUX UK, to oversee its B2B trading offering in the UK market.