Bux Review - Is This Broker Worth Using? (2024)

Are you looking for a good broker that is easy to use and affordable? If the answer is yes, you are in the right place. More and more people join online brokers’ platforms to invest in financial assets from the comfort of their home, during a short break at work, or while commuting to and from their regular jobs.

If you are new to the investing world, you surely want to know what options you have and which broker and trading platform are the best for your needs and knowledge. Below, we’ll introduce you to Bux Zero – a beginner-friendly trading platform with zero commissions for most of its services. Check out our Bux Zero review to find out more about one of the fastest-growing brokers in Europe right now.

About Bux

The neobroker Bux was launched in 2013 and focused on providing cost-efficient trading services to European users. One year later, the company launched its first mobile app for trading in the Netherlands and expanded to several other countries in the following years.

Bux has different offerings for mobile trading:

• Bux Zero for trading shares, ETFs, and cryptocurrency, which is the focus of this review
• Bux X for CFD trading;
• Bux Crypto for trading digital currencies.

Bux Features

At a first glance, Bux Zero may seem like a relatively simple trading app for mobile phones. However, it is packed with several features and aspects designed to make your trading experience as smooth and cost-efficient as possible. Below, we’ll discuss the main features of a Bux Zero account that will impact your investment journey.

Trading Platform

Bux Zero provides a mobile phone app for trading on the go. Since the broker focuses only on mobile trading, the app itself is very intuitive and well designed. All you need to do is download the Bux Zero phone app and create a new trading account.

The interface is clean and neat with minimalistic app features. The home screen shows you all the information you need to access quickly – your balance, your open positions, and your investment plan. The app also has a settings option where you can contact support or manage your recurring investments, among others.

The Bux Zero app allows you to choose from three different types of orders: market, limit, or zero order. Market orders are executed at the current market price, while limit orders allow you to set your own price. If or when the market reaches the price you specified, the order will be executed.

A zero order allows you to buy stocks and ETFs with zero commissions, but it is executed only once per day, at the end of the trading day.

One of the main drawbacks of the mobile trading app is its simplicity. For instance, price charts for EU stocks have a maximum timeframe of one year, while the US stocks only have six months. Also, the graph indicating your investment is not customizable, so you cannot choose particular start dates.

Analysis Tools & Research

Bux Zero lacks complex analysis tools that may be of interest to experienced investors. However, this may not be a deterrent to beginners, casual traders, or investors. The only stock research tools provided include a very useful dividend calendar and a customizable news feed.

Fortunately, there is an ample educational section where you can get started with the basics of financial markets, ranging from how fundamental analysis works to the top-performing stocks of the month. These and a complex FAQ section help beginners get started straight away and become familiar with the trading world, covering aspects like hot industries and stocks, how to read company reports, and many more.

Financial Instruments

The Bux trading app provides you with a list of international stocks, exchange-traded funds (ETFs), and cryptocurrency. Apart from being able to buy a whole share, you can also opt for fractional shares. This is a great benefit if you are on a low budget or you want to create a highly diversified portfolio to lower your overall risk. On the other hand, the assets provided are quite limited, especially those on the US stock market.

In terms of financial instruments, Bux Zero boasts two rare features: sustainable investing and monthly investment plans. First, it allows you to create a sustainable portfolio. If you want to be socially responsible, you can opt for ESG (environmental, social, governance) ETFs, such as Lyxor All-World Socially Responsible theme ETF (LESW).

The second great feature regarding assets is the possibility of setting up a monthly investment plan. In short, you can subscribe to the Savings Plan service (which costs €1 per month), which allows you to set up a monthly investment plan in a chosen ETF (buy position) with zero commissions. This order will be executed automatically on your behalf.

Finally, it’s important to note that Bux Zero doesn’t allow short-selling, so you can only go long on assets. If you want to speculate on price decreases via short-selling, you can opt for Bux X instead or another competitor that provides CFD trading.

Leverage & Margin Trading

Leverage refers to multiplying your trade size by borrowing money from Bux. Leverage is risky and often used by advanced traders to multiply their earnings. This is also known as margin trading and can expose you to both huge wins and losses. However, Bux Zero doesn’t allow its users to use leverage, but there is Bux X for CFD trading with up to 1:5 leverage.

Is Bux Zero Safe?

Bux Zero is a trustworthy neobroker in Europe registered with the Financial Conduct Authority in the United Kingdom. Additionally, it is authorized by the Dutch Authority for Financial Markets.

Bux Pricing

In general, brokers earn revenues via two types of trading fees: commissions and spreads. Commissions are fixed costs per order, while spreads are typically fees built into the price of the asset and are shown as a percentage of the asset’s price.

Bux Zero pricing is quite straightforward and depends on which type of order you choose. Zero orders, which are executed only once per day, are free of charge for all assets – EU and US stocks, ETFs, and cryptocurrency.

Market orders that are executed when you place them are free for US shares and crypto, but EU shares and ETFs orders cost €1 per transaction.

Limit orders allow you to specify how much you’d like to pay for a chosen asset, and the order gets executed only when the market price reaches that amount. There’s always a risk that your chosen asset will not reach the fixed price by the end of the trading day, case in which your order expires. Limit orders cost €1 for EU shares and ETFs, but are free for US shares and cryptocurrency.

There is also a fee of €1 if you opt for the investment plan (price per month), or €1 if you want to buy fractional shares via market orders. These fees only apply to ETFs.

Finally, there is a fixed fee of 0.25% in the case of converting currency, known as fx markup. This fee will be deducted automatically if you deposit money other than the base currency or you receive dividends in USD.

Bux Customer Service

Bux Zero app has a dedicated section where you can contact the friendly customer service team. The quickest way is to access the app and use the chat function to get the help you need.

Alternatively, you can contact Bux via email, but this may take much longer, so it’s not the best communication channel if you need quick solutions. There is also an extensive, useful FAQ section where you will find answers to the most common questions.

Who is Bux Best For?

Focusing only on mobile trading, Bux Zero is best for young investors who want to invest commission-free while keeping risk low. You can trade on the go while enjoying the simplicity of the trading app.

If you lack experience or you want a smooth trading experience, Bux Zero is one of the best options on the market. Additionally, the broker provides plenty of educational resources, so you can keep polishing your trading strategy and knowledge of the stock market.

Yet, the trading app is quite simple and lacks tools for technical analysis, so active and/or experienced traders may not find it sufficient for their needs.

How Does Bux Compare?

There are many alternatives that offer trading services nowadays. Brokers like Robinhood and eToro provide more financial assets (like options and ETFs) available via web platforms, and slightly better tools for analysis.

For instance, Robinhood displays five technical indicators, such as volume and moving average (MA), while eToro displays basic fundamental indicators and customizable price charts. However, Robinhood and Webull require users to pay a monthly fee to view quotes, while eToro charges higher spreads and commissions for derivatives like CFDs.

Compared to Webull, Bux Zero is more affordable and easier to use but lacks its diverse charting features, such as drawing tools, technical indicators, and multiple chart types. Webull embeds these trading tools in its mobile phone app, but these additional features could make the trading app more difficult to use for beginners or casual traders.

Also, if you want to dive into technical trading, use leverage, or trade CFDs, you will find that Bux Zero is not the right choice for you. More experienced individuals may want to have a look at a more flexible broker that allows the use of more complex tools and is compatible with MetaTrader, such as FP Markets. For instance, FP Markets has an excellent Traders Toolbox feature that encompasses 12 trading tools available on MetaTrader, and even a Trader Tools Alarm Manager that helps you manage your risk.

FAQ: Bux Review

Does Bux Zero have a demo account?

Unfortunately, Bux Zero does not allow you to paper trade. The only way to access a demo account is the separate mobile app, known as funBUX, but it is a Bux X demo account, not Bux Zero, thus you’ll have access to different features and assets.

In which countries is Bux Zero available?

Bux Zero is available in seven countries in Europe: Austria, Belgium, France, Germany, Ireland, the Netherlands, and Spain.

Does Bux Zero charge any hidden fees?

Apart from commissions (for certain assets), Bux Zero may charge you additional ones based on your investment. Examples include the bid/ask spread cost and ETF management fee. Bux Zero provides a calculator that allows you to estimate the costs and charges before placing the order.

What’s the minimum deposit on Bux Zero?

There is no minimum deposit required by Bux Zero, so you can start trading even if you have low capital.

How does Bux Zero make money?

Bux Zero generates income via different methods, including commissions (where applicable) and the bid/ask spread.

Final Verdict: Is Bux Worth Using?

Bux Zero has a no-nonsense approach to stock, ETF, and cryptocurrency trading. Its competitive pricing structure is one of its best features, but it is quite light on analysis and research tools. Less experienced traders who want to buy and sell these financial instruments while using an intuitive interface will find that Bux Zero is one of the most competitive offers on the market right now.