BUX have been around since 2014 but until recently, they’d only offered CFDs as BUX X. That’s changing now though, with the launch of their BUX Zero service, which enables users to invest in the stock market directly. They have over 100k people on the waitlist for the BUX Zero service.
They’re a little bit behind some of the stockbrokers in the UK, in terms of launching but they already have a presence in 9 European countries; the Netherlands, Germany, Austria, France, UK, Spain, Italy, Sweden, and Denmark.
A new interview’s just come out with their CEO today which includes details the fees that they’re planning to charge for BUX Zero.
BUX Zero currently offers Market Orders and Limit Orders. Both order types are available commission-free until the end of this year. Next year, BUX Zero will introduce a third order type, the “Basic Order,” which will be commission-free forever. When users select this option, their orders will be executed at a fixed time, once a day. With the introduction of Basic Orders, BUX will start charging the rates below for other order types:
Basic Order: Free
Market Order: €1
Limit Order: €2
So it looks like they’ll be quite competitive with the challenger stockbrokers like Freetrade. So it might not be a coincidence that the design of the app and their branding is pretty similar in some ways