Offering

BUX, introduced in September 2019, is a trading app enabling users to trade European and US stocks and ETFs, with financial services regulated by the Netherlands Authority for the Financial Markets.

As of October 2020, BUX Zero operates in the Netherlands, Germany, Austria, France, and Belgium.

The company’s revenue model includes a €1 commission on market and limit orders, with a unique free-of-charge order type called the Zero order.

BUX plans to generate future revenue through securities lending, leveraging clients’ financial instruments with explicit approval. BUX X, launched in September 2014, focuses on CFD trading, available across various European countries and regulated by the Financial Conduct Authority.

News

• In June 2019, the firm raised US$12,500,000 in venture capital funds. Some of that money was put towards acquiring Ayondo Markets Limited (AML), a UK subsidiary of a Singapore-based broker Ayondo, in a deal estimated at £5,700,000.Also in June 2019, the BUX app was renamed to BUX X.
• In September 2019, a new app named BUX Zero, was launched in the Netherlands. In June 2020, it was launched in Germany and Austria and one month later in France. In August 2020, it became available in Belgium.
• In January 2020, BUX acquired Blockport, a European cryptocurrency exchange. The firm registered it with the Dutch Central Bank, rebranded and launched as BUX Crypto in April 2020.
• The Financial Times and Handelsblatt reported that German neobank N26 wanted to acquire BUX for €200 million, but the deal collapsed after N26 pushed for new conditions and a lower price.
• In December 2023 BUX was aquired by Dutch Bank ABN AMRO
  

Regulation

BUX B.V. is authorized and regulated by the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten – AFM)

People

• Nick Bortot, a former executive at Dutch online broker BinckBank

Customer review

Trustpilot:2,6 Stars with 500+ Reviews

The reviews are mixed, with some customers praising the app’s ease of use and customer support, while others criticize the company’s fees and transparency . Some customers have also reported issues with the app’s service fees and account management.

Compliance check

We have identified serious problems with BUX and all the necessary information has been provided as well as a valid license, but due to your poor rating we are downgrading you to ORANGE.