The admission of Hypothekarbank Lenzburg as a new trading participant on the Swiss stock exchange BX Swiss enables the launch of “neon invest”, the new investment solution of the Virtual Banking app neon. The offering makes a significant contribution to enabling investors to invest in a simple and self-determined way.
HBL has been working with the Zurich-based FinTech company neon for many years and offers its more than 160.000 neon clients a simple, user-friendly and secure account solution via app. With the integration of HBL as a trading participant of BX Swiss neon is able to expand their products and to offer trading to neon app users. With “neon invest”, neon clients will have access to a wide range of Swiss and international equities and ETFs, which they can trade easily and cost-effectively via BX Swiss.
“We are pleased to welcome HBL as a new trading partner and, through our partnership with HBL and neon, to make a significant contribution to promoting self-directed investing for private investors. As a full regulated and established Swiss stock exchange, one of our main objective is to provide private investors with trusted and secure access to a broadly diversified portfolio of financial products and to support them in building their knowledge”
Says Lucas Bruggeman, CEO of BX Swiss AG.
“With neon invest, we are expanding an established partnership with a new, strong partner. Together, we are creating a new, cost-effective Swiss offering for the benefit of our clients in a currently highly concentrated market. We will take advantage of this strong cooperation and will quickly expand the current offering with additional titles and features in the coming months.”
Says Timo Hegnauer, Head of Investment at neon.
The Investment Universe starts with 224 Swiss and International Stocks and 65 ETFs. Trading-Fees are 0.5% on Swiss stocks and ETFs, and 1% on international stocks. Cost effective and diversified World ETFs are part of this offer, for example ETFs on FTSE all or MSCI World from Vanguard, Deutsche Bank or IShares with TERs between 0.19 and 0.22% only.
Featured image credit: Edited from freepik.