Jul 18, 2023

In the spring of 2019, the fintech startup Neon launched as a simple app, as an account solution. More than 160,000 customers are now using the product. Because Neon is not a bank with a banking license, Hypothekarbank Lenzburg (Hypi) has acted as a partner bank since its launch. Together with BX Swiss, Hypi Lenzburg and Neon have now launched “Neon Invest,” an investment solution that allows Neon customers to trade selected stocks and ETFs using their app. If you want to find more details about Neon and read the most important financial news of the day, download for free our companion app Born2Invest. Hypi becomes a member of BX Swiss In connection with the new offering, the Aargau regional bank has joined BX Swiss as a new trading participant. Until now, Hypi, as a member of the SIX Swiss Exchange, handled trading exclusively via SIX. As a new trading participant on the second regulated Swiss exchange, BX Swiss, Hypothekarbank Lenzburg is expanding its options in the securities sector, the bank said in a media release. “For offerings from challenger companies such as Neon, we can offer an exciting alternative to securities trading via the Swiss stock exchange SIX thanks to the partnership with BX Swiss,” Reto Huenerwadel, member of the executive board of Hypothekarbank Lenzburg, was quoted as saying in the release. Specifically, Neon customers can trade 224 stocks and 65 ETFs directly from their app. The customers’ securities accounts are managed at Aargauer Bank. Favorable transaction fees As advantages of the solution, the three partners cite trading at “Neon invest” in Swiss francs, even for foreign stocks. In addition, the fee per transaction is said to be only 0.5% of the invested amount for Swiss stocks and ETFs, and 1% of the transaction amount for international stocks. There is no minimum fee. “The offer is primarily attractive for smaller and medium-sized investment volumes with a longer investment horizon and is aimed at customers who want to do without securities advice,” the media release continues. Promoting self-determined investing The new offering is intended to contribute to the promotion of self-determined investing by private individuals, according to Lucas Bruggeman, CEO of BX Swiss, which has been part of the Stuttgart Stock Exchange since 2018. For Neon, too, the goal is to democratize the investment world and “simplify the path to investing for everyone,” said Timo Hegnauer, Head of Investment at Neon. __ DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our  disclaimer  for more information. This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these  important disclosures . First published in  schweizeraktien.net , a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail. Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us