BUX Zero Review: An Excellent Online Broker In Europe
Founded in 2014, BUX Zero is a Dutch online broker that allows retail investors to buy shares and ETFs commission-free. Serving more than 500,000 investors across Ireland, Germany, Austria, Belgium, France and the Netherlands, it’s the fastest-growing neobroker in all of Europe.
BUX Zero is a trustworthy, easy-to-use platform great for both new investors and veterans looking for an investing solution on the go. New users get a free share just for signing up and making a deposit, so we highly recommend joining BUX Zero today.
BUX Zero is a powerful, beautifully designed online broker serving investors in Ireland, Germany, Austria, Belgium, France and the Netherlands. It makes it easy to invest in a wide variety of asset classes on the go, and with its easy signup process and helpful features like monthly transaction reports, BUX Zero is a great option for new and experienced investors alike.
Let’s dive into some of the key benefits of investing with BUX Zero.
Benefits Of BUX Zero
Here are some of the main benefits of investing with BUX Zero:
- Easy, fast and fee-free deposits and withdrawals
- Open an account in 5 minutes with no paperwork or lengthy waits
- Create lists of your favourite stocks and ETFs
- Easily find companies that pay dividends
- Browse through curated lists to find new investment opportunities
- Receive timely, jargon-free financial news when you want it
- Connect with the largest community of investors in Europe
- Send requests for new stocks, expanding your investment opportunities
- Best-in-class customer support
- Get a free share when you sign up for BUX Zero using our special link
Now let’s move on to the features you can expect from BUX Zero.
Features Of BUX Zero
#1 Easy-To-Use App
The BUX Zero mobile app combines beauty and power in a single package, and it was designed with you in mind. I appreciate how easy it is to invest on the go, whether I’m between meetings or heading off on holiday.
#2 Wide Variety Of Asset Classes
BUX Zero allows you to invest on Dutch, German, Belgian, French, Austrian, and US stock markets. BUX is always adding more stocks to its app, so if the stock you’re looking to buy isn’t there today, it might be tomorrow. You can also send BUX requests for new stocks through the chat in the BUX Zero app, encouraging them to add the stocks you want even more quickly.
BUX Zero users can also buy dozens of ETFs, including ETFs from Vanguard, iShares, Lyxor, UBS, Xtrackers, and more.
#3 Easy Deposits & Withdrawals
BUX Zero accepts bank transfers for all countries, and transferring money into your BUX account via bank transfer is very easy. In the app, go to your portfolio, tap on Total account, and then on Top up. Select Bank transfer and copy the Beneficiary, IBAN, and Description you’re given into your online banking, where you’ll make the transfer. Bank transfers take 1-2 working days to arrive.
If you live in the Netherlands, you can fund your account instantly with Tikkie by tapping on Total account, and then on Top up, and selecting Tikkie. If you live in Germany, you can fund your account with SafeConnect through N26, Comdirect bank, Commerzbank, Landesbank, Revolut, or Unicredit. SafeConnect deposits take 1-2 working days to arrive.
#4 Monthly Transaction Reports
If you choose, BUX Zero will automatically send you a monthly report of your recent transactions. This report will contain your name, the depot number, and an overview of all your positions and orders from the previous month.
Here’s how to activate these transaction overview emails:
- Click on the upper right icon in the app
- Click on “Communication”
- Tick the “Transactions” box
#5 Dividend Payouts
When you own shares in a company that pays out dividends, BUX awards the dividend to your account when the company makes it available. Not every online broker actually pays the dividends on to the customer, so this is a great bonus of investing with BUX Zero.
#6 Plenty Of Market Data
Right from the BUX Zero app, you have access to reams of data to help you make great investing decisions. Those data include 52-week ranges, market caps, earnings per share, price-earnings ratios, earnings dates, revenue figures, dividend information (dates, yields, frequency, etc.), and more.
#7 No Minimum Initial Deposit
Unlike many other brokers who have minimum initial deposits in the hundreds of Euros, there’s no minimum to get started with BUX Zero. Simply open your account, deposit as much as you want, and start investing.
#8 Simple Signup Process
It’s extremely easy to get started with BUX Zero. Simply click the button below, sign up for an account, and you’ll have your account within a couple of minutes.
BUX Zero Fees
Commissions take a big bite out of your profits, and even more so when you invest small amounts. With BUX Zero, you can invest without any commissions.
Here’s how much you’ll pay for various features and services with BUX.
|All Orders on US Shares||Free|
|Zero Orders on EU Shares||Free|
|Zero Orders on ETFs||Free|
|Deposits & Withdrawals||Free|
|Market Orders on EU Shares and ETFs||€1|
|Limit Orders on EU Shares and ETFs||€1|
|FX Markup on US Shares||0.25%|
BUX offers three types of orders, each of which have unique pricing. The first two are standard types of orders, though the third is an order type unique to BUX:
#1 Market Orders
Market orders are executed at the best available market price. BUX charges a €1 commission for all market orders on EU shares and ETFs. US shares incur no costs.
#2 Limit Orders
When you place a limit order, you specify the maximum price you’re willing to pay for a share and/or ETF or the minimum price you want to receive for a share and/or ETF you are selling. BUX charges a €1 commission for all limit orders on EU shares and ETFs. US shares incur no costs.
#3 Zero Orders
BUX offers what it calls a “Zero Order”, which enables anyone to invest in any asset commission-free. The Zero Order is relevant for all EU shares and ETFs, since all US share orders are already commission-free with BUX.
The way the Zero Order works is that it’s executed at the end of the trading day, between 4 and 5 pm (CET). All orders must be placed before 4 pm (CET) to be executed that day; if they are placed after that time, they will be executed between 4 and 5 pm (CET) the following trading day. If you wish to cancel your Zero order, you can do so before the cutoff time.
When you buy, sell or receive dividends from US stocks, BUX needs to convert the equivalent amount from EUR to USD or vice-versa. They charge a FX markup of 0.25% to the EUR/USD FX spot rate in those cases.
BUX Zero Regulation & Safety
BUX takes all the necessary precautions when it comes to your safety. Here are just a few of the steps they’re taking to protect you and your money:
- BUX is regulated by the AFM, the Dutch Authority for the Financial Markets, which is an extremely well-respected financial regulator.
- Your money and shares are stored safely at ABN AMRO Clearing Bank
- The money in your ABN AMRO Clearing Bank account is protected by the conditions of the deposit guarantee scheme up to €100,000
- BUX safeguards your account with bank-level encryption, penetration testing and proactive system surveillance
BUX is also very well-respected among the financial press. It’s been featured by Bloomberg, TechCrunch, Business Insider, Altfi, Finance Magnates and others, which gives it another layer of trust and respect on the international stage.
How To Get Your Free Share With BUX Zero
When you sign up for your first BUX Zero account using our referral link, you’ll receive a free share after making your first deposit of any amount. Free shares are assigned from Monday to Friday between 15:45 and 22:00, so if you fund your account outside of those hours, you’ll have to wait for your share to arrive.
Shares are randomly selected and have a value up to €200. Some shares you may receive include Apple (currently worth €113), GoPro (currently worth €10), or Coca-Cola (currently worth €45).
Overall, BUX Zero is a trustworthy, easy-to-use platform great for both new investors and veterans looking for a investing solution on the go. New users get a free share by signing up with our special link, which can be valued at up to €200.
With its quick signup process, well-designed app, and super-low fees, BUX is a very compelling online broker for European investors. We recommend joining BUX Zero today while this free share offer still lasts.