HOW CAN WE HELP?

Finax invests your funds in a manner which ensures that you do not have to pay any taxes on your earnings. We use a combination of tax benefits under the current legislation. In order to be sure that you will not pay any taxes at all in the case of cash withdrawal from your account or while ending your investment, it is necessary to comply with the proper procedure, which we will inform you.

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.

When managing your assets, we use a combination of tax benefits under current Slovak legislation. You can learn more about them here.

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.

Revenues from ordinary mutual funds offered by Slovak asset management companies and banks are taxed by withholding tax on sale. Compared to funds which are not traded on the stock exchange you will save 19% of your revenue. You can learn more about tax reliefs here.

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.

Finax offers a comprehensive system of discounts utilizing which you can reduce your account management fees.

Check the ongoing promotions to obtain an even higher discount.

Recommend our services to your friends and get 1,000 euros managed free of charge both for yourself and your friend. The discount will be applied from the date of your friend's first deposit for 3 years or until your friend makes the first withdrawal from the account. You can invite your friends to Finax via the unique invitation link in the app or the web account overview. For more information, click here.

Transfer your investment to us and we will reward you. If you are investing today through another securities dealer, or if you own fund units, have an investment property or an investment life insurance, and you decide to transfer your investment to us - as a reward - we will be managing 50% of the amount of the transferred investment for two years or until the first withdrawal from your account. Provide us with an account statement showing the withdrawal or termination of the contractual relationship and the amount within 30 days after terminating the investment. This discount applies to transferred investments whose value is over 1 000 euros. Example: You own shares in a mutual fund of a Slovak fund manager in the amount of 30 000 euros. You sell your shares. Afterwards, you decide to deposit 30 000 euros with us. We will manage 50% (15 000 euros) of the deposit free of charge for 2 years period or until your first withdrawal.

"Finax charges an annual fee of 1% + VAT (20%) of the assets under management (total asset value, i.e., securities and cash). The fee is charged monthly. For deposits below 1,000 euros, we charge a deposit fee of 1% + VAT (20%) of the deposit amount.

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."

Log in to Finax, where you see the accounts you have. Clicking on the account will show you the details of your account. One of the items is the account number.

You should send money by transferring it from your bank account managed in an European bank and under your name. Funds will generally be credited to your account during the next business day. Portfolio trades are subsequently carried out every week.

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:


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.

Finax invests your funds on a manner which ensures that you do not have to pay any taxes on your earnings. We use a combination of tax benefits under the current legislation. In order to be sure that you will not pay any taxes at all in the case of cash withdrawal from your account or while ending your investment, it is necessary to comply with the proper procedure, which we will inform you.

Finax participates in the system of deposit guarantee scheme through the Guarantee Investment Fund. Your assets are protected up to 50 000 euros. As a securities broker, we adhere to very strict rules on managing your assets and strictly separate your assets from our company's assets. For more information, go to the page www.garancnyfond.sk.

In the upper right corner, click on „Login“. Below you find a link „Forgotten password?“. Please follow the instructions.

The minimum deposit for one-time investment is 20 euros.
The minimum deposit for regular monthly investment is 20 euros.

Finax offers the following unique solutions:

• 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.

The account opening process consists of three main steps:

At the top right, click the link „Let's start“. We ask you a series of simple questions to get to know your goals and at the same time to know your knowledge, experience, financial situation and propensity to risk, which is our legal duty. After the last question, we will introduce you the recommended investment plan.


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.

If you like our plan, go ahead to open your account. Here we will ask you for your personal data and data we are required to collect by law. We will then provide you with the contract to approve and agree on the way to verify your identity.

Here you can find out how to deposit funds into your account.

In order to make investing more comprehensible for you, we would like to bring it closer to you through goals. The goal is, for example, savings for retirement, savings for children, and so on. In case you would wish to invest without a specific goal, choose the option of wealth building. In case you have decided to invest in specific companies traded on the stock exchange, open an account to purchase global stocks.

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:

Concerning your retirement savings, you can save either using one-time deposits or by regular monthly payments. Learn more about retirement savings here..

Are you saving for your children or grandchildren to have a financial basis when they become independent. We set the risk according to the age of the children and the length of the savings. Determine how much you would like to save, respectively deposit your first deposit and we'll tell you how much you can save. Or set the amount you want to save, and we'll tell you how much you need to deposit today or how much to save in order to reach the goal.

Create your short-term emergency fund that would cover your income for 6 months, or the amount you specify. Set the horizon as fast as you want to create a reserve, and we'll tell you how to create it. Given the nature of the investment, funds will be invested more conservatively.

Are you planning to purchase an expensive item? Get ready for it responsibly and start saving as soon as possible. We optimally set the risk and propose a correct allocation of the investment.

In case you do not have a specific goal set, wealth building should be excactly your goal. This is an excellent goal for future needs not yet known, or for the money you plan to pass on to next generations. We will set the optimal risk profile for you, and in case you decide to create a specific goal in the future, we will be able to adapt the risk settings accordingly.

Everyone over the age of 18 who is a resident of the European Union. You can open your account as a legal representative for your children as well.

You can open as many accounts as you wish, as long as you adhere to the minimum amount of a one-time deposit or a regular investment. Many of our clients have multiple accounts open for each of their goals, such as retirement, savings for children, and so on. Payments for each of your accounts must be sent separately, with a variable symbol linked to that particular account.

Payments for each of your accounts must be sent separately, with a variable symbol linked to that particular account.

The minimum deposit for one-time investment is 20 euros.
The minimum deposit for regular monthly investment is 20 euros.

a) President of a country, Prime Minister, Deputy Prime Minister, Minister, Head of State Administration, State Secretary or similar Representative of the Minister,
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.

a) husband, wife or a person, which has a similar status as a husband or a wife of the person, which holds a prominent public function,
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.

a) you have allowed access to camera in the pop-up window/ on mobile phone by pressing "Allow" (the functionality may slightly differ among different browsers and smartphones)
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.

a) you are uploading the type of document that you have selected from the allowed document types
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

a) the photo or uploaded image is not blurred
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

a) you do not have a headgear or glasses on,
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.

"Finax charges an annual fee of 1% + VAT (20%) of the assets under management (total asset value, i.e., securities and cash). The fee is charged monthly. For deposits below 1,000 euros, we charge a deposit fee of 1% + VAT (20%) of the deposit amount.

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."

The portfolio management fee is being charged continuously on a monthly basis. Every day, we calculate a charge of 1/365 (1/366 through leap year) of the annual fee based on the value of the account on that particular day. At the end of the month we sum up the daily charges and charge them to you.

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.

You do not pay any fees in case you decide to terminate your account.

Finax offers a comprehensive system of discounts utilizing which you can reduce your account management fees.

Check the ongoing promotions to obtain an even higher discount.

Recommend our services to your friends and get 1,000 euros managed free of charge both for yourself and your friend. The discount will be applied from the date of your friend's first deposit for 3 years or until your friend makes the first withdrawal from the account. You can invite your friends to Finax via the unique invitation link in the app or the web account overview. For more information, click here.

Transfer your investment to us and we will reward you. If you are investing today through another securities dealer, or if you own fund units, have an investment property or an investment life insurance, and you decide to transfer your investment to us - as a reward - we will be managing 50% of the amount of the transferred investment for two years or until the first withdrawal from your account. Provide us with an account statement showing the withdrawal or termination of the contractual relationship and the amount within 30 days after terminating the investment. This discount applies to transferred investments whose value is over 1 000 euros. Example: You own shares in a mutual fund of a Slovak fund manager in the amount of 30 000 euros. You sell your shares. Afterwards, you decide to deposit 30 000 euros with us. We will manage 50% (15 000 euros) of the deposit free of charge for 2 years period or until your first withdrawal.

Yes, you can combine our discounts. However, only one discount can be used when registering through a special link (referral by a friend, affiliate link, or other special promotion). Hence, you could theoretically end up having the entire account managed for free!

An investment advisory fee is charged if you need a personal recommendation to choose the right financial product. If you need advice on how to properly allocate your money, what part of your income / assets to invest, which financial product is right for you and you need to be advised on it personally, we are here for you.

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.

Finax was established by two founders - Juraj Hrbaty and Radoslav Kasík. They created the whole concept together and are nowadays deciding about strategies and future direction of the company. Finax is owned by one of its founders - Juraj Hrbaty. In August 2019 Finax was entered by venture fund Growws Sicav, a.s., Slovak owned company. Therefore, we are a Slovak company, with Slovak management and owners and we pay tax in Slovakia.

We have done everything in order for you to be able to invest even without meeting us personally. However we understand that there are countless hours of work behind your deposit. If you insist on meeting with us, we are more than open to a meeting. Schedule a meeting with us through a phone call and check out the company and people who you want to entrust with your savings.

Our capital is 250 000 euros. On the same manner as in banking, the brokers must increase its own resources to cover the risks arising from its business. It is one of the basic parameters monitored by the National Bank of Slovakia.

You should send money by transferring it from your bank account managed in an European bank and under your name. Funds will generally be credited to your account during the next business day. Portfolio trades are subsequently carried out every week.

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:


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.

Your deposit is normally being processed the next business day after it has been received. We execute purchases on the stock exchanges every week, usually on Tuesdays, we reserve the right to move the trading day to another day of the week, in case of it coinciding with holiday in Slovakia, Germany or other countries where we operate. Deposits that will be processed by Friday of the previous week will 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.

The minimum deposit for one-time investment is 20 euros.
The minimum deposit for regular monthly investment is 20 euros.

As a form of deposit currently we accept transfer to our bank account. Clients who already own securities traded on european stock exchanges can also transfer these securities to us. In such a case please contact the Customer service department at client@finax.eu and seek for advice on how to proceed. We are working to be able to receive card payments in the future as well. Cash deposits are accepted only in exceptional cases and under the assumption that the client can prove the origin of funds.

Finax will not penalize you if you stop depositing money on a regular basis, either permanently or in the short term. However, you will not save enough to reach your target amount.

You can send amounts over 1000 euros at any time. Sums up to 1000 euros should be sent monthly at the same amount. However if you decide otherwise, we would not penalize anynoe for it.

Both sales and purchases are carried out on the same day. The withdrawal instructions received at the latest at 12 PM on working days (a day before the trading day), usually on Monday, will be processed as sales. Subsequently, it takes 2 working days until the stock exchange transfers the funds to our account, which is held for these purposes with a foreign manager. Selling the investment and transferring the funds to your account may thus take 3 - 10 days.

We send the money to a current account, which is held in your name and from which you sent us funds. In case you would like to have the funds sent to another account, it is necessary to verify the withdrawal form with a notary.

Log in to Finax, where you see the accounts you have. Clicking on the account will show you the details of your account. One of the items is the account number.

Finax offers the following unique solutions:

• 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.

Savings at banks guarantee that do not lose value, therefore the returns on savings are very low and usually do not cover inflation. Your savings are losing value over time. In 10 years you will buy less items for them as today, because things in stores will be more expensive. On the other hand, your account at Finax will bring you potentially higher return. Its value may decline in the short term, but you can adjust the degree of the risk yourself, and it is highly probable that you will earn multiple times more than a on the bank's savings account in the long run.

Yes, you can. Feel free to call our Customer Service Support and we'll advise you on how to do it.

Your portfolio is composed of ETFs (exchange traded funds) that replicate the development of the world's largest economies. In accordance with your risk level, you will own up to 6 equity ETFs and up to 4 bond ETFs, representing 80% of the world's economy. Pursuant to its focus the ETFs are replicating the development of:

1. US stocks of large companies
2. US stocks of medium-sized companies
3. US stocks of small companies
4. European large and mid-sized companies
5. European small companies
6. Stocks of companies from emerging countries
7. Global government bonds
8. European corporate bonds
9. European high-yield bonds
10. Government bonds of emerging countries

The ETF (Exchange Traded Fund) is a basket of stocks or bonds that copies the development of an index, commodity or other set of investment tools, similarly as a mutual fund with a difference that ETFs are being traded on the stock exchange. The primary advantage is mainly the tax aspect, since the revenues of ETFs are not being taxed if you hold them for more than a year. The development of their value at the stock markets accurately copies the movement of indices such as Dow Jones, Nasdaq, Euro Stoxx 600, and so on. Finax uses the ETFs as part of the equity and as well bond component of the portfolio.

Your portfolio is being composed of two components: stocks (more risky) and bonds (more conservative). Your returns are extensively dependent on the ratio of both components. In general, the following rule can be applied: the more riskier the portfolio is (larger stock component), the higher return you can expect and vice versa. In the long run the best ratio of risk-return can be achieved by investing in the portfolio with 80% stock component.

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.

Over time, the value of your investment changes. Some of the assets grow more, others less, or possibly fall. The composition of your portfolio may derogate from the ideal (target) composition - the portfolio is deviated. In order to ensure that the same risk and return ratio is maintained when the deviation is too high, we sell what you have a lot and we purchase what you have little. The long-term measurements show that the portfolio's return is 0.35% to 0.5% a year higher when applying regular rebalancing on it in comparison with the performance of the non-rebalanced portfolio. This, in the end of the day, may result in a 40% difference in earnings on the original deposit over the horizon of 20 years.

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.

We rebalance the portfolio on the basis of the measurement of its drift. The deviation is a value, which measures how the composition of your portfolio differs from its ideal composition. In case the value of the deviation is raising significantly, the portfolio will be rebalanced. We do it however also taking into account taxes.

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.

In connection with investments, you often hear phrases like "The value of the investment may go down as well as rise in time" or "Past earnings are not a guarantee of future earnings.". These phrases are so often repeated that investors are literally overlooking them.

We at Finax want to make sure you understand the meaning of the word risk.

Savings you hold in your bank are guaranteed by the government up to 100 000 euros. This means that even if the bank is bankrupt, you are confident that you will get your cash back.

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.

If that was the case, investing would be incredibly simple. Companies which were performing well in the past decade, might not do so today. With Finax you invest in the world's largest companies. When a company gets to this important club, you will be there and vice versa. While modelling your expected returns we have been using a very detailed study of historical returns as baseline and we targeted to model those as accurately as we possibly could. We've learned a lot from this, however we can not rely on it unquestionably.

Investment literature, but also the majority of the people who are dealing with investing, claim that stocks are a risky investment. What they mean is that stock revenues are highly volatile (their variance, fluctuations). Therefore, none who has short time horizon should invest in stocks.

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.