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Zain Raza
May 27, 2020
by Zain Raza

BUX Doing a Robinhood, Offers No Commission Trading on US Stocks

BUX

Table of contents

  1. BUX New Policy Could be a Masterstroke
It appears as low or no commission fee policy is the way forward.  BUX, a retail brokerage firm based in Amsterdam has followed in the footsteps of Robinhood, the no commission fee app in the US and is offering its users no cost trading of the US shares. The soft version of the short service is announced by the brokerage firm which also states that for advanced facilities, a small fee would be charged.

The decision might have to do something with the reception Robinhood received as it raised $280 million in funding in the latest round and has 13 million users as its popularity keeps on growing. 

Today we’re announcing a $280M Series F funding. Amid challenging times, we’re humbled that people are using Robinhood to build their financial future, and we look forward to continuing to serve our customers. https://t.co/yZigUw6JxO

The firm acquired Blockport recently and renamed it to BUX crypto.  The platform offers crypto trading without commission too and offers services in more than twenty-five countries. It is also registered with the Dutch National Bank (DNB).

We’re proud to announce that BUX Crypto is LIVE ? To celebrate the launch we have a special promotion for everyone:

Make sure to be one of the first 5000 users to trade commission-free and earn BUX Tokens as a reward for signing up!

Link to article: https://t.co/cxQ4FgM131

Multiples firms have lately adopted this strategy and it has been an instant hit with the people. The firms are cutting down on advertisements and promotional costs and the idea of having multiple physical locations. The amount saved is better utilized in ordering more affordable services to the customers.

BUX New Policy Could be a Masterstroke

With the no commission fee crypto trading and now US stocks, BUX is clearly looking to replicate the strategy of Robinhood and offer the same services to European traders. BUX crypto offers the trade of digital assets such as bitcoin, Ethereum and is also looking for ways to expand its crypto reach in the continent.

Many people believe the success of Robinhood had a lot to with the commission strategy they adopted and BUX would be looking to share a similar success story with their new strategy.

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    BUX Doing a Robinhood, Offers No Commission Trading on US Stocks
    Zain Raza
    Zain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.

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