Digital bank bunq has launched stock trading. Based in the Netherlands, bunq holds a full banking license and regulated by the Dutch Central Bank. While announcing trading, bunq is now reporting over 14.5 million users.
According to a company statement, bunq is currently providing a curated list of the most popular US and EU public companies as well as ETFs through bunq’s partner Ginmon. bunq will offer its customers the ability to buy and sell stocks in fractional shares as low as €10. In the first three months, the digital bank says all trades are free. Upvest provides the investment infrastructure for fractional trading and custodial services, ensuring efficient and secure transactions for end users.
Ali Niknam, founder and CEO of bunq, says that investing in stocks should be as simple as checking your account balance.
bunq has targeted digital nomads for their digital only service. Their research indicates that almost 50% of these nomads are already investing and they need a product that is tailored to their needs.
Stocks will be initially available in the Netherlands and France and then launched throughout the rest of Europe.
bunq announced in December 2022 that it had emerged as the first digital bank in the EU to become profitable. The bank is pursuing a license in both the UK and the US at it seeks to expand its product in more jurisdictions.
bunq posts a document that outlines all of its services and affiliated costs for its users.
