BUX Zero [2024 Update] – Insights, Advantages, Drawbacks & Recommendations

Thinking about starting to invest or exploring new brokers? This BUX Zero review will help you understand what the BUX Zero platform is and how to use it.

We tried out the app ourselves after hearing about the free share worth up to €200 you get when you sign up. After following the link to BUX Zero and making our first deposit, we received the free share. Here’s our detailed review, including the pros, cons, and tips for using this platform.

BUX Zero, launched in 2019, is part of the BUX platform and allows you to trade without fees. You still pay for your stocks, but there are no costs for buying or selling. Over 700,000 people are already using BUX Zero, which is available in countries like the Netherlands, Germany, Austria, France, Belgium, Ireland, Italy, and Spain.

Unlike most competitors who charge trading fees, BUX Zero doesn’t, which is a big advantage. Plus, it’s regulated, so your account at ABN Amro is protected up to €100,000.

Currently, BUX Zero is an app-only platform, meaning you can only use it on your phone. This helps keep costs low and ensures you don’t pay for trading. Free trading is particularly beneficial for small investors or those just starting out. For example, if you invest €50 a month and pay €2 per transaction, you’d spend €24 a year on fees, which could eat up a significant portion of your profits.

BUX Zero offers a unique perk: a free share valued up to €200 when you sign up. Recently, they also introduced fractional shares, allowing you to invest as little as €10 in companies like Google, Apple, or Tesla. This feature lets you build a diversified portfolio without needing to buy whole shares, unlike platforms like DEGIRO.

Additionally, BUX Zero has added a cryptocurrency feature, making it one of the first brokers to offer stocks, ETFs, and cryptocurrencies in one app. They offer various cryptocurrencies, including Bitcoin, Ethereum, and Chainlink, with commission-free trading during the introduction phase.

The app is user-friendly and convenient. You can transfer money to your bank account and buy shares with a single click. The design is clean and intuitive, making it easy to see how your investments are performing.

Although the app doesn’t provide extensive analyses, you can view graphs and prices of stocks you’re interested in and add them to your watchlist. The home screen displays your portfolio, watchlist, top-performing stocks, categorized shares, and your inbox.

BUX Zero makes money through three types of orders, each with different trading fees. For example, with Zero Orders, your trade executes at the end of the trading day, which could result in slight price changes. If the price difference exceeds 5%, the order is canceled. There are also currency exchange fees for trading US stocks, currently at 0.35%.

Pros of BUX Zero:
– No trading fees
– Free share upon signing up
– User-friendly app
– Fractional shares available
– Cryptocurrency trading

Cons of BUX Zero:
– App-only platform
– Limited to certain European countries

To get the free share, simply sign up with BUX Zero. The share, chosen at random, can be worth up to €200 and could be from companies like Uber, Shell, or Abercrombie.

Another cool feature is the partnership with Tikkie, allowing quick money transfers to your BUX Zero account, available within seconds for Dutch investors. BUX Zero also offers great customer support through live chat, FAQs, email, and even Twitter, with responses typically within a few hours.

BUX Zero is a legitimate broker regulated by the AFM in the Netherlands, using segregated bank accounts and encryption services to protect your capital up to €100,000.

For beginners, BUX Zero is a fantastic platform, offering a free share, low trading costs, and secure money protection. However, if you’re in the US, consider Acorns for micro-investing, or if you’re an advanced investor, DEGIRO might be a better option with its low trading fees and broader availability.

Personally, I enjoy using BUX Zero. The app is intuitive, deposits are quick, and it’s perfect for those who want to keep investing simple. More shares and ETFs are continuously added, making it easy to buy what you want. It’s free to sign up, and you can trade with zero fees while getting a free share. Give it a try and see if it’s right for you. Start making your money work for you!

Remember, investing involves risks, and you can lose your deposit.