BUX Zero Officially Launches in Germany and Austria

BUX announced this Monday that it has continued its European expansion by officially launching its zero-commission mobile investing app, BUX Zero, in the German and Austrian market.

BUX is a retail brokerage based in the Netherlands. The mobile investing app officially enters the new markets with already having established itself within nine European countries and 2.5 million users, the investing company said.

Commenting on the launch, Nick Bortot, Founder and CEO, BUX said in the statement: “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.”

“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.”

The BUX Zero app is tailored for both experienced investors, as well as beginners. The trading app is powered by its own back-end broker. In addition to entering new markets, the app has been expanding its product range, by adding commission-free trading for US stocks and heading into cryptocurrencies.

COVID-19 boost for BUX

The investment app is launching within Germany and Austria during a time of heightened trading activity. As Finance Magnates reported, Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term, driven by the Coronavirus Coronavirus The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, Read this Term pandemic, has seen a new wave of traders enter into the markets. Many of these are first time traders.

According to the statement, this unprecedented market activity has been a solid boost for BUX, with assets under management almost tripling in March alone. Furthermore, the trading app said it didn’t experience any system failures during this period.

BUX Zero was officially launched in the Netherlands in September last year, as Finance Magnates reported. Following its official launch announced today, the company will target France as the next phase of its European expansion plans.