One of the fastest-growing mobile brokers in Europe, BUX announced the introduction of fractional investing in all AEX-listed firms today. To offer the mentioned service, the company has formed a collaboration with ABN AMRO Clearing.
Fractional investing, a concept that has gained popularity across the US and the European region, allows users to invest in high-priced stocks with a small amount. BUX termed fractional investing an innovative feature for those who do not have thousands of Euros to spend.
“Fractional investing is already indispensable in America and is now also being introduced on a large scale by BUX in the Netherlands and Europe. This new way of investing has the great advantage that investors can invest in successful companies with valuable shares with the investment budget that suits their financial situation, and they can spread their investments even better,” says Yorick Naeff, the CEO of BUX.
BUX has expanded its services significantly since the start of 2022. Recently, the company announced the launch of its zero-fee trading platform in Italy. Earlier this month, BUX appointed Niek van Rens as the new Chief Operating Officer.
Fractional Investing
According to the details shared by BUX, some of the largest German companies will be available for fractional investing in the coming months.
“Investing in fractions of stocks fits the need of the modern investor who values flexibility and efficiency. Now that we have also added AEX companies to our fractional offer, it will also be possible for our clients to invest in fractions of local heroes,” Naeff said.
“Since the beginning of this month, it has been possible to invest fractionally in ETFs and US stocks via BUX's personal investment plan. The investment plan is the ultimate tool to make investing a habit because you can invest monthly in a personalized plan of up to ten different ETFs and stocks with the click of a button,” the company added in the press release.
