Updated September 28, 2026 · BrokerCue Editorial Team
Finax vs growney
Finax vs growney: the differences
| Compare |  Finax |  growney |
|---|---|---|
| Management fee | 0.65% to 1% | 0.38% to 0.68%Lower |
| Minimum investment | €10Lower | €25 |
| Regulators | National Bank of Slovakia | Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), Deutsche Bundesbank |
| Portfolio types | ETF | ETF, ESG, CashCovers more |
| Account types | Not confirmed | Joint, Corporate |
Same on both: Investor protection (EU ICS up to EUR 20,000).
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Key differences
- growney scores higher overall: 9.3 vs 8.6.
- Regulators: only Finax offers National Bank of Slovakia.
- Regulators: only growney offers Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), Deutsche Bundesbank.
- Founded is lower at growney: 2014 vs 2018.
- Management fee is lower at growney: 0.38% to 0.68% vs 0.65% to 1%.
- Minimum investment is lower at Finax: €10 vs €25.
- Portfolio types: only growney offers ESG, Cash.
- Support channels: only growney offers Chat.
Our verdict on each
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.
growney
growney suits beginners in Germany who want savings and a managed portfolio under one roof, with joint and corporate accounts offered alongside ETF, ESG and cash portfolios. Entry starts at €25, and cash is offered at 2.25%, so a saver can begin small.
Score breakdown
| Area | Finax | growney |
|---|---|---|
| Cost | 8.8Management fee of 0.65% to 1% sits above the robo-advisor median of 0.35%, against a low €10 entry. | 8.9HigherManagement fee of 0.38% to 0.68% a year against a robo-advisor median of 0.35%, with deposits and withdrawals free. |
| Offer | 8.6 | 9.6Higher |
| Trust | 8.4 | 9.4Higher |
Where they rank in our lists
| Ranking | Finax | growney |
|---|---|---|
| Stock and ETF brokers | 205 of 471 | 70 of 471 |
| Brokers for beginners | 60 of 88 | 22 of 88 |
| Robo-advisors | 91 of 151 | 18 of 151 |
Cost in a real example
10,000 invested for a year
Finax
65 to 100
0.65% to 1% of 10,000
growney
38 to 68
0.38% to 0.68% of 10,000
growney comes out 27 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
Also worth a look
Lightyear has minimum investment at €1, against €10 for Finax and €25 for growney.
Lightyear reviewWhere these facts come from
Finax
- finax.eu: 9 facts, checked September 26, 2026
growney
- growney.de: 10 facts, checked September 26, 2026
Every fact side by side
| Fact | Finax | growney |
|---|---|---|
| Legal entity | Finax, o.c.p. a.s. | growney GmbH |
| Headquarters | Slovakia | Germany |
| Founded | 2018 | 2014Lower |
| Support channels | Phone, Email, Help centre | Phone, Chat, Email, Help centreCovers more |
Brokers
| Fact | Finax | growney |
|---|---|---|
| Minimum deposit | €10 | Not confirmed |
| Markets | ETFs, Stocks, Bonds | ETFs, Funds |
| Features | Mobile app | Not confirmed |
| Pricing model | Low fees | Not confirmed |
| Audience | Beginners | Beginners |
| Deposit and withdrawal fees | No deposit fee | Tages- und Festgeld kostenlos |
| Interest on cash | Not confirmed | 2.25% |
Where each stands against the rest
| Fact | Finax | growney | Median |
|---|---|---|---|
| Management fee | 0.65% to 1%highest quarter | 0.38% to 0.68%above the median | 0.35 |
| Minimum investment | €10below the median | €25at the median | €25 |
Median across 87 listed brokers.
Pros and cons
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.
growney
Pros
- Day and fixed-term deposits carry no deposit or withdrawal charge.
- German supervision through BaFin and the Deutsche Bundesbank, with protection at EU ICS up to EUR 20,000.
- Help runs on phone, chat and email, so a first-time investor has several routes to an answer.
Cons
- The management fee of 0.38% to 0.68% a year is the main ongoing cost, sitting above providers charging 0%.
- Instruments run to etfs and funds, so there is no direct share dealing here.
- Account types are limited to joint and corporate.
Who each suits
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.
growney
Who it suits
- Beginners in Germany who want savings and a managed portfolio without choosing holdings themselves.
- Couples and companies, since joint and corporate accounts are supported.
- Anyone who wants day and fixed-term deposits alongside an invested plan.
Who should look elsewhere
- Not eToro, which charges 0% in management fees and suits people who place trades themselves.
- Not Axos Invest, whose minimum starts at $100 against €25 here.
- Not Vivid Standard, where plans run at 0.5% to 1.5% a year against 0.38% to 0.68% here.
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
Country by country
| Country | Finax | growney |
|---|---|---|
| Germany | No | Yes |
Questions about each
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.
growney
What does growney charge to manage my money?+
growney takes a management fee of 0.38% to 0.68% a year on the portfolio it runs. That is the main ongoing cost, and it sits in the middle of the robo-advisor range, where the upper quartile reaches 0.6%. Day and fixed-term deposits add no deposit or withdrawal charge.
How much do I need to start with growney?+
The minimum investment is €25, below the robo-advisor median of €60.06. A low entry suits a beginner trying a managed approach, and it makes it easy to hold a small portfolio while the rest of the money sits in savings.