BUX reaches 100,000 German clients
Amsterdam, August 5, 2020 - Today BUX announced that it has experienced a significant increase of clients from Germany reaching 100,000 German clients in total, just two months after the launch of BUX Zero, its zero-commission mobile investing app. The announcement follows a big year of European expansion for the neobroker who has now successfully launched in three new markets, making BUX the largest neobroker in Europe.
“These last months have marked a significant growth for BUX, thanks to the expansion of BUX Zero as well as a flood of first time investors who are looking to leverage market activity and put their money to work. We’re incredibly excited to welcome a whole new generation of investors in Germany and look forward to further developing our platform and making it the single destination for mobile investing,”says founder and CEO Nick Bortot.
BUX entered the German market in June 2020 with BUX Zero and a clear mission in mind: democratizing financial markets across Europe. Within just two months after its launch, BUX has expanded its overall user base to over 100,000 German users.
Part of this influx is due in part to the market activity caused by the pandemic, which has driven many young European investors to the stock markets, in many cases for the first time. The overall assets under management by BUX nearly tripled during the COVID-19 outbreak.
BUX Zero, initially launched in the Netherlands in September 2019, has expanded to the German, Austrian and French markets and will be targeting Belgium for the next phase of its European expansion.
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About BUX
BUX makes it easy and affordable for Europeans to do more with their money. Since launching in 2014, BUX has made the markets accessible for more than 2.5 million users across 9 countries in Europe. BUX currently offers 3 apps that allow users to explore the financial markets including BUX Zero, the flagship platform that is making commission-free investing possible, allowing users to invest in the brands and companies they care about. BUX Zero is currently available in the Netherlands, Germany, Austria, France and Belgium. BUX X, launched in 2014, offers short-term, leveraged trading, all powered by a vibrant in-app community. BUX Crypto, launched in 2020, now offers an easy and affordable way to invest in Bitcoin and other digital currencies. Headquartered in Amsterdam, the Netherlands, the company is backed by Holtzbrinck Ventures, Velocity Capital, Orange Growth Capital and Initial Capital.
The investment services of BUX Zero are authorised and regulated by the Dutch Authority for Financial Markets (Autoriteit Financiële Markten - AFM). BUX X, the trading name of BUX Financial Services Limited, is regulated by the Financial Conduct Authority, FCA Register number 184333. The services of BUX Crypto are offered by BUX Alternative Investments BV.
Over BUX
BUX maakt het voor iedereen makkelijker meer met je geld te doen. Of het nu gaat om lange termijn beleggen in aandelen en of om korte termijn handel in hefboomproducten. Sinds de officiële lancering van BUX in 2014 maken meer dan 2,5 miljoen mensen uit 9 Europese landen gebruik van de BUX apps. Met BUX Zero, BUX nieuwste app, kunnen beleggers aandelen van hun favoriete bedrijven kopen en verkopen zonder dat ze daarvoor commissie betalen. BUX Zero is op dit moment beschikbaar in Nederland, Duitsland, Oostenrijk, Frankrijk en België. BUX X biedt handel in hefboomproducten en daarnaast is er een levendige trading community in de app. Met BUX Crypto kunnen gebruikers op een makkelijke en betaalbare manier in cryptocurrency beleggen. BUX heeft kantoren in Amsterdam en Londen en het bedrijf heeft oa. Holtzbrinck Ventures, en Velocity Capital als aandeelhouder.
De beleggingsdiensten aangeboden via BUX Zero van BUX B.V. worden gereguleerd door de Autoriteit Financiële Markten (AFM). BUX X is een handelsnaam van BUX Financial Services Limited. BUX Financial Services Limited is een in Engeland en Wales geregistreerd bedrijf onder registratienummer 03148972. BUX Financial Services Limited is geautoriseerd en gereguleerd door de “Financial Conduct Authority”, FCA registratienummer 184333.