Fennel review
Updated September 28, 2026 · BrokerCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Fennel is a US retirement app built around an IRA, with stock trades at $0. It suits US investors saving for retirement from a phone, and not UK or European readers who want local markets or a cash savings option.
Key facts
- Best for
- Retirement investing in the US through an IRA at a low trading cost.
- Minimum deposit
- $0 (Source, checked September 26, 2026)
- Stock trade fee
- $0 (Source, checked September 26, 2026)
- Account fee
- $4.99 (Source, checked September 26, 2026)
- Markets
- Stocks, ETFs (Source, checked September 26, 2026)
- Regulators
- FINRA, SIPC (Source, checked September 26, 2026)
- Investor protection
- SIPC up to USD 500,000 (Source, checked September 26, 2026)
- Platforms
- Mobile-app, Web (Source, checked September 26, 2026)
- Account types
- IRA (Source, checked September 26, 2026)
- Legal entity
- FENNEL FINANCIALS LLC (Source, checked September 26, 2026)
- Headquarters
- United States (Source, checked September 26, 2026)
- Support channels
- Email, Phone, Help-centre (Source, checked September 26, 2026)
- Features
- Mobile app
- Pricing model
- Commission-free
- Official website
- fennel.com
Apps and profiles
- Get the app
- App StoreGoogle Play
- Elsewhere
- LinkedInXinstagram.com
Pros and cons
Pros
- Stock trades cost $0, so entry costs sit at the floor of the market.
- A minimum deposit of $0 lets an account start from a small sum.
- Regulators listed are FINRA and SIPC, with investor protection at SIPC up to USD 500,000.
- Help runs on email, phone and help centre, so phone and email are available.
Cons
- The account types listed are ira, so there is no taxable brokerage account on offer.
- Markets stop at stocks and etfs, where CFI lists stocks, etfs and forex.
- There is no live chat, since support runs on email, phone and help centre.
Who it suits
- US investors opening or holding an IRA, since the account types are ira.
- Investors trading shares and exchange traded funds from a phone, since the platforms are mobile app and web.
- Readers starting with a small amount, since the minimum deposit is $0.
Who should look elsewhere
- Not for CFI users who want forex, contracts for difference or crypto, since CFI lists stocks, etfs and forex.
- Not for readers who would rather hold no account fee, as the eToro account fee is $0 against Fennel's $4.99.
- Not for Vantage users who want a stated starting level, since Vantage asks for $5 and Fennel asks for $0.
Where it sits among rivals
Fennel sits at 1 of 213 for minimum deposit and 1 of 161 for stock trade fees, the strongest pair of positions in the comparison. The account fee trails at 112 of 138, so the low cost case rests on entry and trading rather than the account charge.
How Fennel compares
9.2 vs 9.0
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MarketScreener
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9.2 vs 8.7
9.2 vs 9.0
9.2 vs 9.3
9.2 vs 8.7
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9.2 vs 9.2eToro charges an account fee of $0, where Fennel charges $4.99.
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Kitco
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9.2 vs 9.0
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Vaulted
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Intellectia
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Where Fennel is available
- Available
- United States
- Licence in United States
- FINRA, checked September 26, 2026
- Licence in United States
- SIPC (SIPC member 70779), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does Fennel charge for trading and holding?+
Stock trades cost $0 and the pricing model is commission free. The account fee is $4.99, above the site median of €0, and the minimum deposit is $0. Trading costs therefore sit at the floor of the market while the account charge is higher than most brands listed here.
Is my money protected at Fennel?+
Regulators listed for Fennel are FINRA and SIPC, and the membership record shows SIPC member 70779. Investor protection is stated as SIPC up to USD 500,000. The legal entity behind the brand is FENNEL FINANCIALS LLC, and the headquarters country is the US.
How much do I need to open an account?+
The minimum deposit is $0, so an account can be funded from a small starting amount. That is the strongest position in the cost profile, alongside the stock trade fee of $0. The one charge to plan for is the account fee of $4.99.
What can I invest in?+
Markets listed for Fennel are stocks and etfs, so the range is limited to shares and exchange traded funds. The platforms are mobile app and web, and the mobile app is the main route in. By contrast CFI lists stocks, etfs and forex, so a broader spread of instruments sits elsewhere.
Which account types can I open?+
Account types listed for Fennel are ira, which makes the brand a retirement specialist rather than a general brokerage. Anyone wanting a taxable account or a joint holding will not find one on that list, so a wider platform suits that reader better.
Which devices and help options are there?+
Platforms listed for Fennel are mobile app and web, and the features list includes mobile app. Managing the account happens mainly in the mobile app, with web access for changes. Help is available on email, phone and help centre, which covers phone and email alongside the help centre.
Who is Fennel for?+
Fennel is built for investors in the US who want an IRA, since the account types are ira and the brand is headquartered in the US. Small starting sums work too, with a minimum deposit of $0 and stock trades at $0.
How does Fennel compare with eToro and Vantage on fees?+
eToro lists an account fee of $0, where Fennel charges $4.99. Fennel's minimum deposit is $0, so the gap comes down to the account charge rather than the amount needed to start. Vantage asks for a deposit of $5.
Sources
- sipc.org/list-of-members checked September 26, 2026
Backs: Legal entity, Licences
“reportingFileNumber=70779; name=FENNEL FINANCIALS LLC”
- fennel.com checked September 26, 2026
Backs: Headquarters, Investor protection, Markets, Account fee, Platforms, Regulators, Support channels, Account types
“450 Lexington Avenue, 4th Floor, New York, NY 10017”
- play.google.com/store/apps/details checked September 26, 2026
Backs: Features
“Fennel: Invest your way - Apps on Google Play”
- finder.com/stock-trading/fennel-review checked September 26, 2026
Backs: Minimum deposit, Stock trade fee, Pricing model
“Fennel has no minimum investment required to open an account”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Inactivity fee, Retail accounts that lose money.