After revealing that it was planning to launch in Belgium earlier this month, BUX has stayed true to its word, with the company announcing today that it has launched its zero-commission investing app, Bux Zero, in Belgium.
In addition to launching in Belgium, exchange-traded funds (ETFs) are now available on the investing app, expanding the mobile app’s offering which includes stocks and cryptocurrencies.
Having launched in September of 2019, BUX has now expanded its offering into five European countries. The mobile broker is based in the Netherlands and, aside from Belgium, is available in Germany, Austria and France.
As Finance Magnates reported, BUX Zero recently launched in one of Europe’s largest economies – France. The launch in July represented the first neobroker of its kind, entering into the French market. It was also the third country launch for BUX in 2020.
Pros and Cons of Being a BrokerGo to article >>
Commenting on the launch in Belgium, Nick Bortot, Founder and CEO, BUX said in the statement: “We are looking forward to being able to provide all Belgians the option to invest commission-free for the first time. We strongly believe that being able to offer this option allows a whole new generation to take part in investing.
“We’re proud of the work we’ve done to lower the barriers of entry with BUX Zero. In addition to making cost a smaller obstacle, we’ve also stripped away the complexity of investing by making the experience of buying and selling shares as simple and easy-to-understand as possible.”
BUX Plans to Expand Its Offering Further
As part of its ETF offering, BUX has launched an initial batch of funds available for investment. However, according to the company’s announcement today, it plans on adding a larger section of additional ETFs and shares in the coming quarters.
In addition to adding more ETFs and shares on its investing app, BUX also revealed that it will be introducing further features to its app in order to enhance the investing experience for users across Europe. The company did not mention if it plans on launching in further markets.