Finhabits Review 2025
- Stock trade fee
- N/A
- Minimum deposit
- $0
Our verdict
Simple, bilingual automated investing and educational content.
Finhabits is a bilingual robo-advisor and financial wellness app designed to make investing and saving more accessible, particularly for first-time, Spanish-speaking investors. Open individual taxable accounts and traditional and Roth IRAs, with a low minimum investment of just $5. The platform offers automated, diversified portfolios, automated deposits, automatic rebalancing and dividend reinvestment, plus financial education and support in both English and Spanish. Finhabits charges a $10 monthly subscription fee for account balances under $12,000 and a 1% annual management fee — billed monthly — for balances over $12,000. While its user-friendly design and language accessibility are strong selling points, the relatively high fees may be a drawback for those with small account balances or cost-conscious investors.
Best for: Bilingual investors seeking accessibility
Pros
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Bilingual support
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Low minimum investment
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14-day free trial
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Educational resources
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Supports retirement accounts
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User-friendly app
Cons
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High fees relative to account size
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Limited account types
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Limited investment customization
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Lacks advanced tax features
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No cash management account
Finhabits at a glance
| Feature | Rating | Details |
|---|---|---|
| Costs and fees | ★★★★★ | Charges $10/month for balances under $12,000 and 1% of assets under management when your Finhabits balance exceeds $12,000. |
| Account minimums | ★★★★★ | No minimum account size requirements, but a minimum investment of $5 applies on account opening. |
| Account types | ★★★★★ | Offers individual taxable accounts and traditional and Roth IRAs. |
| Portfolio mix | ★★★★★ | Choose from conservative, moderate or aggressive prebuilt portfolios offering exposure to US and international stocks and various bonds, with no customization options. |
| Customer support | ★★★★★ | Contact Finhabits support by phone at 1-800-492-1175 or email at support@finhabits.com weekdays from 9:00 a.m. to 8:00 p.m. ET. |
| Mobile app ratings and security | ★★★★★ | Google Play app reviews: 4.4/5 based on over 5,950 reviews, as of July 2025. Apple App Store app reviews: 4.6/5 based on over 20,710 reviews, as of July 2025. |
| Features and amenities | ★★★★★ | Offers automatic dividend reinvestment and helpful educational tools and content, but no tax-loss harvesting. |
| Cash Management account | ★★★★★ | Does not offer a cash account. |
To learn how our star ratings are calculated, read our methodology.
Finhabits is best for bilingual investors seeking accessibility over low fees
Finhabits is a practical robo-advisor choice for Spanish-speaking investors or those who want a platform that seamlessly blends English and Spanish. Its $5 minimum to start investing makes it easy to get started, especially for newcomers hesitant to commit large sums. The app’s beginner-friendly design and built-in financial education make it approachable, though this is offset a bit by the pricing: Accounts under $12,000 face a $10 monthly fee, while larger accounts pay 1% annually. For small portfolios, that can add up faster than you’d expect. If you’re after a bilingual, beginner-friendly robo-advisor, Finhabits is a solid fit.
What we like about Finhabits
Finhabits stands out for its focus on accessibility and financial inclusion, particularly for first-time investors and bilingual users. Here are the key benefits:
- Bilingual support. Offers full platform support in Spanish, making it highly accessible to Spanish-speaking users.
- Low minimum investment. Start investing with as little as $5, which is great for beginners.
- Try before committing. Finhabits offers a 14-day free trial to see if it’s the right fit.
- Educational resources. Offers helpful financial education, especially geared toward first-time investors and underserved communities, delivered through modular content, livestreams and videos.
- Supports retirement accounts. Offers traditional and Roth IRAs for retirement savings.
- User-friendly app. Simple, mobile-first interface for easy account management and investing.
Where Finhabits falls short
While Finhabits offers a user-friendly platform and low barriers to entry, it lacks some features that more advanced or self-employed investors might expect. Here’s where it may not meet everyone’s needs:
- High fees relative to account size. Finhabits charges a flat $10 monthly fee for users with a combined account balance under $12,000. For those with more than $12,000 invested, the platform switches to a 1% annual management fee, billed monthly. Both pricing tiers are higher than many competitors, especially for small or growing portfolios.
- Limited account types. Finhabits only supports individual taxable accounts and traditional and Roth IRAs. You’ll need to look elsewhere if you want joint or custodial accounts or you’re self-employed and looking for a managed SEP IRA.
- Limited investment customization. You can’t choose individual stocks or exchange-traded funds (ETFs); portfolios are prebuilt and managed entirely by Finhabits.
- Lacks advanced tax features. Unlike competitors like Betterment, Wealthfront or Robinhood Strategies, Finhabits doesn’t offer tax-loss harvesting or robust tax optimization tools.
Finhabits’ fees
| Type of fee | Fee details |
|---|---|
| Minimum deposit | $0 |
| Minimum investment | $5 |
| Annual fee | $10/month for accounts with $12,000 or less; 1% AUM fee for accounts more than $12,000 |
| Outgoing account transfer fee | $75 per account |
| Wire transfers | $25 domestic; $50 international |
| IRA closing fee | $30 per account |
Is Finhabits legit?
Finhabits is a legitimate investment platform and registered advisor with the US Securities and Exchange Commission (SEC), founded in 2015 by Carlos Garcia. User accounts are held by Apex Clearing, a well-established custodian that provides SIPC insurance, which protects securities up to $500,000 (including $250,000 for cash claims) in the event the broker fails — not if investments lose value.
Finhabits also gained recognition for its mission to improve financial access for underserved communities, particularly Latinos and first-time investors. It’s been featured in outlets like Forbes and CNBC.(1),(2)
Customer experience
| BBB accredited | No |
|---|---|
| Apple App Store Score | 4.6 out of 5 stars, based on 20,710 customer reviews |
| Google Play Score | 4.4 out of 5 stars, based on 5,950 customer reviews |
| Customer reviews verified as of | 21 July 2025 |
What do people on Reddit say?
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