Updated September 28, 2026 · BrokerCue Editorial Team
Ellevest vs Finax
Ellevest vs Finax: the differences
| Compare |  Ellevest |  Finax |
|---|---|---|
| Management fee | 0.35% to 1.25%Lower | 0.65% to 1% |
| Minimum investment | $500,000 | €10 |
| Regulators | SEC | National Bank of Slovakia |
| Investor protection | SIPC up to USD 500,000 | EU ICS up to EUR 20,000 |
| Portfolio types | ETF, ESGCovers more | ETF |
| Account types | IRA | Not confirmed |
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Key differences
- Ellevest scores higher overall: 8.7 vs 8.6.
- Regulators: only Ellevest offers SEC.
- Regulators: only Finax offers National Bank of Slovakia.
- Founded is lower at Ellevest: 2014 vs 2018.
- Management fee is lower at Ellevest: 0.35% to 1.25% vs 0.65% to 1%.
- Portfolio types: only Ellevest offers ESG.
- Support channels: only Finax offers Phone.
Our verdict on each
Ellevest
Ellevest is a robo-advisor run by Ellevest, Inc. in the US, offering portfolios of etf and esg. What decides it for most readers is the price of entry: managed portfolios ask for a minimum investment of $500,000, with an annual management fee of 0.35% to 1.25%.
Finax
Finax suits beginners in Slovakia who want a robo-advisor with a low entry point, since the minimum investment is €10. The cost trade-off is the management fee of 0.65% to 1%, above the robo-advisor median of 0.35%, so the fee matters most over a long holding period.
Score breakdown
| Area | Ellevest | Finax |
|---|---|---|
| Cost | 8.5Management fee runs 0.35% to 1.25%, against 0% at eToro and 0.5% to 1.5% at Vivid Standard, with an account fee of $129. | 8.8HigherManagement fee of 0.65% to 1% sits above the robo-advisor median of 0.35%, against a low €10 entry. |
| Offer | 8.6 | 8.6 |
| Trust | 8.9Higher | 8.4 |
From lowest to highest
| Fact | Ellevest | Finax |
|---|---|---|
| Management fee | 0.35% to 1.25% | 0.65% to 1% |
A third option
UNest has management fee at 0.25%, against 0.35% to 1.25% for Ellevest and 0.65% to 1% for Finax.
UNest reviewWhat we checked
Ellevest
- ellevest.com: 7 facts, checked September 26, 2026
- production.assets.ellevest.com: 2 facts, checked September 26, 2026
- support.ellevest.com: 1 fact, checked September 26, 2026
Finax
- finax.eu: 9 facts, checked September 26, 2026
How they place
| Ranking | Ellevest | Finax |
|---|---|---|
| Stock and ETF brokers | 194 of 471 | 205 of 471 |
| Robo-advisors | 82 of 151 | 91 of 151 |
Every fact side by side
| Fact | Ellevest | Finax |
|---|---|---|
| Legal entity | Ellevest, Inc. | Finax, o.c.p. a.s. |
| Headquarters | United States | Slovakia |
| Founded | 2014Lower | 2018 |
| Support channels | Email, Help centre | Phone, Email, Help centreCovers more |
Brokers
| Fact | Ellevest | Finax |
|---|---|---|
| Minimum deposit | $0 | €10 |
| Account fee | $129 | Not confirmed |
| Markets | Stocks, ETFs, Funds | ETFs, Stocks, Bonds |
| Features | Not confirmed | Mobile app |
| Pricing model | Not confirmed | Low fees |
| Audience | Not confirmed | Beginners |
| Deposit and withdrawal fees | Not confirmed | No deposit fee |
Where each stands against the rest
| Fact | Ellevest | Finax | Median |
|---|---|---|---|
| Management fee | 0.35% to 1.25%at the median | 0.65% to 1%highest quarter | 0.35 |
Median across 87 listed brokers.
Pros and cons
Ellevest
Pros
- A minimum deposit of $0 lets you open an account without tying up money straight away.
- Regulated in the US by SEC, with listed investor protection of SIPC up to USD 500,000.
- Markets of stocks, etfs and funds and portfolios of etf and esg keep the range fund based and easy to read.
Cons
- The minimum investment of $500,000 sits well above the €25 asked across the site.
- Support runs on email and help centre only, so there is no phone line for account questions.
- An account fee of $129 adds a fixed cost beside the management fee of 0.35% to 1.25%.
Finax
Pros
- The minimum deposit is €10 and the minimum investment is €10, which keeps the starting point small.
- No fee applies to depositing, and support runs through phone, email and help centre.
- The mobile app comes with etf portfolios drawn from etfs, stocks and bonds.
Cons
- The management fee of 0.65% to 1% runs above the robo-advisor median of 0.35%.
- Investor protection is EU ICS up to EUR 20,000, so larger balances sit above the covered cap.
- The investable list is etfs, stocks and bonds, with no wider menu of funds, crypto or metals.
Who each suits
Ellevest
Who it suits
- Savers who want a robo-advisor to run a portfolio of etf and esg and can meet the minimum investment of $500,000.
- IRA account holders, since ira is the account type listed.
- Investors comparing managed portfolios against cheaper entry points, such as Axos Invest at $100.
Who should look elsewhere
- Savers with small sums, because the minimum investment of $500,000 is far higher than $100 at Axos Invest.
- Traders who want to place their own orders, since the markets listed are stocks, etfs and funds and eToro is the trading alternative here.
- Anyone after a platform to place orders themselves, where eToro lists a management fee of 0%.
Finax
Who it suits
- Beginners in Slovakia building a first portfolio, with a €10 minimum investment.
- EU investors who want supervised custody and EU ICS up to EUR 20,000 of protection.
- Members who like phone contact, since support covers phone, email and help centre.
Who should look elsewhere
- Day traders, since the account holds etfs, stocks and bonds and etf portfolios rather than a trading screen.
- Anyone comparing a business account, such as Vivid Standard at 0.5% to 1.5%.
- Traders who want a platform showing 0% in management fees, such as eToro.
Current offers
Finax
Current offer
Bonus
Discount for transferring your investment: 50% of the transferred amount managed free of charge
Applies to transferred investments over 1,000 EUR; account statement proving the termination and amount must be provided within 30 days; discount valid 2 years or until first withdrawal.
Source, checked September 26, 2026
Questions about each
Ellevest
What does Ellevest charge?+
The management fee runs 0.35% to 1.25%, and an account fee of $129 is listed alongside it. For comparison, eToro lists a management fee of 0% and Vivid Standard runs 0.5% to 1.5%, so Ellevest sits in between on advisory costs.
How much do I need to get started?+
Managed portfolios ask for a minimum investment of $500,000, well above the €25 most robo-advisors ask and above $100 at Axos Invest. Opening the account is lighter, since the minimum deposit is $0.
Finax
What does Finax cost to run?+
Finax charges a management fee of 0.65% to 1%, which sits above the robo-advisor median of 0.35%. The minimum deposit is €10 and depositing carries no fee, so the ongoing charge is the figure to weigh.
How much do I need to start investing?+
The minimum investment is €10 and the minimum deposit is €10. That entry sits below the robo-advisor median of €60.06, so modest sums can still build a portfolio.