List of topics:
How do you handle my money?
Is Finax regulated by the government?
How is my money protected?
What to do in case I have forgotten/lost my password?
Is it true that I will not pay any taxes by investing with Finax?
All this assuming that you are a Slovak tax resident. If you pay taxes in another country, please check out the possible tax aspects of your investment in the particular country.
What practices do you use to be tax exempt?
All this provided that you are a Slovak tax resident. If you pay taxes in another country, check out the possible tax aspects of your country-specific investment.
How much do I save on taxes compared to mutual funds?
Example: You invest 10 000 euros in mutual funds and another 10 000 euros in ETFs traded on the stock exchange. Let's assume that the performance in case of both will be at 8% annualy over the next 10 years while the value of each will be 21 600 eur at the end of the period. The profit is therefore 11 600 euros. In the case of investment to ETFs, the whole return of 11 600 euros will be yours, however, when investing in mutual funds, you will be obliged to pay a 19%,€ tax at the amount of 2 204 euros, so in the end of the day your net profit will be 9 396 euros.
All this assuming that you are Slovak tax resident. If you pay taxes in another country, please check out the possible tax aspects of your investment in the particular country.
What discounts do you offer?
Check the ongoing promotions to obtain an even higher discount.
How much does Finax charge for its services?
In addition, we also offer various discounts on the portfolio management fee. For example, for every friend you refer to us who subsequently opens an account, you and your friend get 1,000 euros managed for free.
Check the ongoing promotions to obtain an even higher discount.
Example: You have invested 20,000 euros and referred a friend who went on to invest 10,000 euros. The amount of discount for both of you is 1,000 euros. We assume that the given month had 30 days and the value of your account did not change over time. What is the amount of your monthly fee?
(20 000 – 1 000)*0.012*(30/365)= 18.74 euros."
What is my account number?
How do I deposit money into my account?
The minimum deposit for one-time investment is 20 euros.
The minimum deposit for regular monthly investment is 20 euros.
In order to enable us to quickly credit your deposit to your account, please use the correct variable symbol. The payment instructions are as follows:
Account name: Finax klienti
Bank: Tatra banka, a.s.
IBAN: SK42 1100 0000 0029 4805 0714
Reference: Your Finax account number – how do I find my account number?
Account name: Finax o.c.p. a.s.
Bank: Česká spořitelna, a.s.
Bank account number: 0826 6882/0800
Reference: Your Finax account number – how do I find my account number?
Account name: Finax clients
Bank: OTP Bank Nyrt.
IBAN: HU10 1170 4007 2204 1531 0000 0000
Reference: Your Finax account number – how do I find my account number?
Account name: Finax o.c.p. a.s.
Bank: BNP Paribas Bank Polska SA
IBAN: PL18 1600 0003 1740 8221 7000 0001
Reference: Your Finax account number – how do I find my account number?
In case you have cash, we recommend that you first deposit it in your account and then transfer the funds to us. So you avoid the suspicions of money laundering.
Is it true that I will not pay any taxes by investing with Finax?
How is my money protected?
What to do in case I have forgotten/lost my password?
What is the minimum deposit?
The minimum deposit for regular monthly investment is 20 euros.
How does Finax differ from other brokers and mutual funds?
- Transparent model of investing in specific ETFs - a broad equity basket and a conservative bond portfolio.
- Minimal fees for portfolio management. Zero fees for purchase/sale, appreciation, rebalancing etc.
- We maximize the returns. We are not aware of another product, which would bring a better return on the long run.
- Tax smart approach.
- Automated rebalancing.
- Fragmentation of shares - we will also buy less than one share for you to create a quality, diversified portfolio even with a minimum deposit.
- Easy-going user environment.
How do I open an account?
We will show you how the composition of your portfolio should look to achieve the goals you have set. Carefully inspect the plan. If you do not like it, you can change it, but bear in mind that the changes are solely towards a lower level of risk. If you like the plan, please sign up.
Here you can find out how to deposit funds into your account.
Which account should I open?
In case you have more investment goals, create a separate account for each goal by clicking on "Add account" after signing in to your account.
Popular goals are:
Who can open an account?
Can I open more accounts at the same time?
Payments for each of your accounts must be sent separately, with a variable symbol linked to that particular account.
What is the minimum deposit?
The minimum deposit for regular monthly investment is 20 euros.
Who is a politically exposed person?
b) a member of the legislative assembly,
c) a judge of the Supreme court of Slovak Republic, a judge of the Constitutional court of Slovak Republic or other members of the highest judicial authorities against decisions of which can no longer be appealed except in special cases,
d) a member of the Court of Auditors or the Board of the Central Bank,
e) ambassador, chargé d'affaires,
f) a high-ranking member of the armed forces, armed corps and armed security forces,
g) a member of a management body, supervisory body or control body of a State enterprise or a State-owned company,
h) leading representatives of prosecution office,
i) persons holding important public offices of national or regional importance or office of similar importance in EU institutions or international organizations,
j) a member of the statutory body of a political party or political movement,
k) a person in a similar professional function conducted in the institutions of the European Union or in international organizations.
b) child, son in law or daughter in law of a person holding an important public office or a person who has a similar position as a son in law, daughter in law, or
c) the parent of a person that holds a prominent public function.
Why can't I see the camera screen?
b) you are making the registration on a screen that has a camera (if you are using multiple screens, drag the web browser window to the screen with camera)
c) the camera is not covered with tape for security reasons,
d) the use of camera is allowed in the settings of your browser. Here is a guide on how to find the browser settings: Chrome, Firefox, Safari.
Why can't I upload my identity card?
b) all four corners of the document were positioned in the frame and the document is not askew
c) you are not covering a part of the text or photo with your fingers
d) the uploaded image is not blurred
e) there is not a window or a too bright background behind the document while taking the photo
Why wasn't my face recognized during the registration?
b) the photo corresponds to the photo on your identity card
c) your face is not covered, you do not wear sunglasses and there are no other people around you
d) there is not a window or too bright background behind you
Why did the identity verification fail?
b) if you wear glasses on your identity card photo, try to do the live verification with and without glasses,
c) during the live verification, do not move your head, you only have to follow the red dot with your eyes.
How much does Finax charge for its services?
In addition, we also offer various discounts on the portfolio management fee. For example, for every friend you refer to us who subsequently opens an account, you and your friend get 1,000 euros managed for free.
Check the ongoing promotions to obtain an even higher discount.
Example: You have invested 20,000 euros and referred a friend who went on to invest 10,000 euros. The amount of discount for both of you is 1,000 euros. We assume that the given month had 30 days and the value of your account did not change over time. What is the amount of your monthly fee?
(20 000 – 1 000)*0.012*(30/365)= 18.74 euros."
How is the fee calculated?
Example: You have invested 20 000 euros. Let's assume that the month had 30 days and your account's value changed over time as follows: the first 15 days 20 000, the next 5 days was 20 500, and the last 10 days was 20 300.
20 000*0,012*15/365 + 20 500*0,012*5/365 + 20 300*0,012*10/365 = 19,90 euros.
Do I pay any fees in case I decide to terminate my account?
What discounts do you offer?
Check the ongoing promotions to obtain an even higher discount.
Can discounts be combined?
When and how is the fee charged for investment advice?
At the same time, if investment advice is provided by a financial agent, he/she should, as far as possible, suggest you the most appropriate product, depending on your circumstances, from the various available financial products.
However, our time as well as the time of the financial agents is worth something, so we charge an additional fee for the service. In the sense of the Service Price List, it is possible to pay this fee in advance or it is settled from your regular payments in an agreed manner.
Who is behind your business?
Can I come to a meeting personally?
How big is your business?
How do I deposit money into my account?
The minimum deposit for one-time investment is 20 euros.
The minimum deposit for regular monthly investment is 20 euros.
In order to enable us to quickly credit your deposit to your account, please use the correct variable symbol. The payment instructions are as follows:
Account name: Finax klienti
Bank: Tatra banka, a.s.
IBAN: SK42 1100 0000 0029 4805 0714
Reference: Your Finax account number – how do I find my account number?
Account name: Finax o.c.p. a.s.
Bank: Česká spořitelna, a.s.
Bank account number: 0826 6882/0800
Reference: Your Finax account number – how do I find my account number?
Account name: Finax clients
Bank: OTP Bank Nyrt.
IBAN: HU10 1170 4007 2204 1531 0000 0000
Reference: Your Finax account number – how do I find my account number?
Account name: Finax o.c.p. a.s.
Bank: BNP Paribas Bank Polska SA
IBAN: PL18 1600 0003 1740 8221 7000 0001
Reference: Your Finax account number – how do I find my account number?
In case you have cash, we recommend that you first deposit it in your account and then transfer the funds to us. So you avoid the suspicions of money laundering.
When will my money be invested?
Example: If you enter a transfer order in your bank on Wednesday, funds will be on Finax collective account on Thursday and you will be able to see the transaction online in your account on Friday. Investments are usually carried out the next Tuesday and you will be able to see it in your account on Wednesday.
What is the minimum deposit?
The minimum deposit for regular monthly investment is 20 euros.
Which forms of deposit are you accepting?
What happens if I stop my regular payments?
What happens if I contribute to my account irregularly and different amounts?
When will I get my money if I request a withdrawal?
To which account do you send money to in case of withdrawal?
What is my account number?
How does Finax differ from other brokers and mutual funds?
- Transparent model of investing in specific ETFs - a broad equity basket and a conservative bond portfolio.
- Minimal fees for portfolio management. Zero fees for purchase/sale, appreciation, rebalancing etc.
- We maximize the returns. We are not aware of another product, which would bring a better return on the long run.
- Tax smart approach.
- Automated rebalancing.
- Fragmentation of shares - we will also buy less than one share for you to create a quality, diversified portfolio even with a minimum deposit.
- Easy-going user environment.
How does Finax differ from savings accounts in banks?
Can I invest as a company?
What is my porfolio comprised of?
- US stocks of large companies
- US stocks of medium-sized companies
- US stocks of small companies
- European large and mid-sized companies
- European small companies
- Stocks of companies from emerging countries
- Global government bonds
- European corporate bonds
- European high-yield bonds
- Government bonds of emerging countries
What is ETF?
What return can I expect?
In case you are not yet a client, click on ,,Let's start." After the assessment of your risk profile, we'll tell you what the value of your investment is likely to be, as well as the pessimistic and optimistic scenario outlining the future of your investment.
What is portfolio rebalacing good for?
The reason why it is so, is simple. If stocks grow fast and their ratio in the portfolio rises, you sell them at higher prices, while on the contrary you purchase bonds, which have not grown as much and therefore in comparison with stocks are cheaper. Conversely, when the stock market is declining, you buy stocks that are cheap at the time, and sell bonds that are expensive compared to the stocks at the time.
When do you rebalance my portfolio?
Illustrative example: The ideal proportion of US large companies is 25% in the portfolio. In case the value of this component of the portfolio is higher than 27.5% or lower than 22.5%, we will aim to rebalance the portfolio while taking into account the tax aspect.
What is the risk I do undertake?
We at Finax want to make sure you understand the meaning of the word risk.
However, this does not apply to investments in shares or bonds. Nobody can guarantee you returns on investment. The value of companies on the stock market may rise or fall. If companies does not succeed at any given period, the stock price is down, if the company is performing well, the stock price rises. The same applies to index funds, however in a wider context. If the whole economy is prospering, indexes are growing and vice versa. At the same time, it might happen that governments may have the problem of repaying their debt. Therefore, investment is risky.
Why do then people invest? Because investments on a long-term basis bring higher returns than savings which are passively sitting on a bank account. In principle the following rule is applicable: the higher the risk, the higher the yield. So if you can accept the risk of a loss, your investment will probably reward you with a higher return.
We at Finax believe, that by good choice of a widely diversified portfolio, based on a properly balanced ratio of stocks and bonds, which are adapted to the investment of the client, we are able to maximize the returns and minimize the risk.
Stocks are an advantageous investment especially for a long-term investor. In the case of a short-term investment horizon, Finax offers more conservative portfolios.