BUX Zero manual: how does BUX work?

In this extensive guide, we will discuss how BUX Zero works. Because how can you actually buy a free share? How do you open an account, and how do you buy your first share? In this tutorial we discuss all these issues in detail!

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How do you receive a free share at BUX Zero?

Every new user of BUX Zero can receive a free share worth up to €200. Use the button below to claim your free share right away:

BUX register

Before you receive the free share, you must first complete the following steps:

Open an account at BUX Zero
Deposit a minimum of 50 euros to your account

How do I open an account with BUX?

Opening an account with BUX is easy. On the BUX website, you can simply create an account by registering your email address and choosing a strong password. You will then need to confirm your identity by means of an ID Check, fortunately this process is quick and automated. After you have completed these steps, you can start investing.

After you have created an account, you can choose how you want to protect it. You can do this with a 5-digit pin code or with an iris scan.

Depositing money with BUX

Before you can start investing, you need to deposit the minimum amount of €50 on your account. You can deposit money with iDEAL, bank transfer, credit card or Tikki. Enter the amount you wish to deposit to your account and make the payment.

How to buy a share at BUX?

After your account is fully opened, you can buy your first share. In this part of the tutorial, we will discuss how this works.

Within the application, you can quickly find a stock by pressing the find stocks and ETFs button. You can then use the search function to place an order. In this example, we will buy a share called Unilever. You can then press the buy button to place an order.

Within the order screen, you can fill in how many shares you want to buy. You can also indicate here what type of order you want to use. We will briefly discuss the different orders.

Zero order

The zero order is the most unique type of order you can use at BUX. With a zero order, you can open an investment without paying any commission. However, a zero order is only executed at the end of the day, which means that you cannot be sure at what price it will be executed. The zero order is especially interesting for small investors.

Market order

With a market order, you open the investment directly at the best available price at that moment. Sometimes the price can be slightly worse because the price moved in the wrong direction. You pay €1 for a market order for European shares and nothing at all for American orders.

Limit order

With a limit order, you only open an investment when it is available at a specified price. You can use a limit order to buy shares only when a certain price is reached. This allows you to automate part of your investment strategy: even when you are at work, your investments can be opened. You pay €1 for limit orders on European stocks and nothing at all on US orders.

[alert color=”blue”] Tip: be aware that you will have to pay an extra 0.25% conversion fee for American shares. In this article, you can read how this works. [/alert]

How do you invest in ETFs at BUX?

At BUX you can also invest in ETFs. ETFs are passive funds that are traded on the stock exchange. You can use an ETF, for example, to invest in a basked of shares noted on the US stock exchange.

Buying an ETF works the same as buying a share: you can do this by selecting the ETF you want to invest in and by choosing from a market order, limit order or zero order.

You can also make use of an investment plan at BUX Zero. You automatically invest a fixed monthly amount in a selection of ETFs. This allows you to apply Dollar Cost Averaging: you then invest a fixed amount periodically, allowing you to get in at the top and the bottom of the market. This reduces the volatility and risk of your investments.

Within the investment plan, you can select multiple ETFs to be purchased each month. At BUX, you only pay €1 in transaction costs per month for all ETFs you buy, which makes this a good way to build up capital in a responsible way.

Withdrawing money at BUX

Do you want to transfer the money in your account back to your bank account? No problem! Simply click the withdraw button. Then enter the amount you want to transfer to your bank account and press confirm. The money is usually transferred to your bank account within a few days.

Invest smarter with BUX: a few tips

In this part of the guide, we will give you some tips that you can use to get better investment results with BUX.

Research

A smart investor examines what he or she is investing in. Therefore, do not just buy random shares. The price of a share is established by the interaction between supply and demand. In general, more people want to own shares, when the company is expected to deliver better results. Therefore, always ask yourself the question whether the company has a right to exist in 10-, 15- or 20-years’ time.

Understand the risks

Investing always involves risk: therefore, only invest with money you can afford to lose. Emotions are the enemy of every investor. Many investors lose money because they sell their shares out of panic. Prevent this by thinking about your investments in advance. When you make a plan, you can decide according to rational rules when you buy or sell an investment.

Take advantage of the free shares

You will immediately receive a free share at BUX after you open an account. You can benefit even more from this promotion by inviting your friends. For each friend you invite, you will receive another free share: this can go up to 10 free shares in total. Each share can have a value of up to €200, bringing your maximum reward to €2000!

Enjoy

I would like to end this manual with the motto of Heineken; enjoy, but enjoy in moderation. Investing is fun, but don’t be tempted to trade all the time. You will have to pay costs for each transaction, which could limit your return. That is why you should only invest when it is really necessary.

Delete BUX account

You can cancel your BUX account at any time. To do so, please send an email to support-zero@getbux.com. It is not necessary to delete your account: you can simply not use it. Having a BUX account is 100% free.