Finax Blog

Information which helps you to invest properly.

Fee Abolition Is Imminent... and You Can Help Bring It Faster!

Making Intelligent Investing cheaper is our long-term goal. In the past, we've introduced several discounts and launched the lower-fee Elite program. Our next step is to abolish the deposit fee – forever and for everyone. Only one last condition keeps us from waiving it right now. Its fulfillment is in your hands, Intelligent Investors.

Lucia Šimonová | News | 12. October 2022

When Will We Abolish the Deposit Fee?

The condition for abolishing the fee is that total client deposits reach 500 million euros.

The current value of deposits is 423 million euros (as of 28. 11. 2022). If customer deposits were to grow at the current rate, we would reach the target amount, and therefore the abolition of the fee, by mid-2023. However, we believe that together we will manage to abolish the fee much sooner.

Amount remaining until fee abolition...

76 120 710 €

Fee Abolition Is Imminent... and You Can Help Bring It Faster! |

Updated 28. 11. 2022

Contribute with a deposit

The current market situation is ideal for extraordinary deposits. However, to provide extra motivation, we have prepared two unique discounts for you:

1. Get half of a deposit exceeding 10,000 euros managed free of charge

Every small pile of invested money will move us closer to fee abolition. But the pace will be significantly accelerated by one-off deposits, which we want to encourage via this discount.

Send us deposits of €10,000 or more in November, and we'll manage half of that money free of charge for a year. 

Contribute with a deposit

2. Invite Friends to Finax at a Double Discount

The more people in Finax, the easier it is to reach our common goal. We have temporarily made inviting friends to Finax even more attractive - in October and November, we will apply a double discount for friend referrals. We will also apply the same discount to your friend. This allows you to get more attractive investment volumes managed for free. The discount is effective for a period of 5 years or until the invitee’s first withdrawal. We will apply the discount automatically if the client opens and activates an account via a referral link between 12. 10. 2022 and 30. 11. 2022.

The Amount Managed Free of Charge

Fee Abolition Is Imminent... and You Can Help Bring It Faster! |

I want to invite friends

Why Will We Abolish the Fee Only After the Goal Has Been Met?

As mentioned in the introduction, one of Finax's long-term goals is to meet our clients' needs by gradually reducing fees. We want to make building wealth in Finax an attractive part of life for families in Slovakia and abroad.

At the same time, however, we have obligations and commitments arising from the requirement of delivering high-quality services. These are obligations to our clients and partners, whom we want to continue providing free education, and responsibilities towards our employees. Meeting them requires our resources and capacities.

We share common goals, dear Intelligent Investors. We believe you will appreciate our transparency and approach to offering discounts with respect to the quality of our services.

Most read articles

2. July 2020

Want to know more? Meet us online or attend our webinars!

Why should you invest? What are the advantages of investing with Finax? Are you looking for a help with investing or planning your finances? Do you want to learn how to invest properly? Meet us online or attend our free webinars to learn more.

Read more
Book review: Rich dad, poor dad | Finax.EN
25. November 2020

Book review: Rich dad, poor dad

This book made me look at money from a different perspective than I had known before. Everyone who is interested in managing their personal finances in a better way should read this book. It should be a part of your path to financial literacy.

Read more
Are ETFs a bubble? | Finax.EN
27. November 2019

Are ETFs a bubble?

Recently, there have been reports going around in the media criticizing passive investing and warning of ETFs. Among the authors of these negative news can be found not only legendary investors, but also Slovak brokers. Do investments in ETFs really carry a higher risk? Finax has built the portfolios on these great tools, so we see it as our duty to clarify this matter.

Read more
How do we choose our ETFs in Finax?
21. August 2018

How do we choose our ETFs?

You have probably already noticed that Finax portfolios are mixed from ten ETF funds depending on the level of risk the client is willing and able to carry/to handle. But how did we choose specific securities and why is the composition of the portfolios such as you see in your accounts?

Read more
We are happy to advise you!
Schedule a call