Accounting · head to head
Empower vs Lexware

Lexware
Accounting
Accounting and invoicing software for German small businesses and freelancers
- From
- Free
- Rated
- -
The short version
- Only Lexware has a free tier, so it costs nothing to try first.
- Each has a real cost: Empower specific advisory fees not published; Form ADV consultation required; Lexware 50% discount only applies for first 3 months
- Prices and features above were last checked on 30 August 2026.
Where they differ
Only the attributes on which Empower and Lexware actually diverge.
Identical on both: user rating (Not yet rated), category (Accounting).
What each one covers
Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.
Only in Empower
- Net worth tracking
- Investment tracking
- Retirement planner
- Cash flow
- 401k fee analyzer
- Bank connections
- Brokerage accounts
- SOC 2
Only in Lexware
Nothing recorded that Empower does not also cover.
What people use each for
The jobs each tool is most often brought in to do.
Empower
- Wealth trackingnot Lexware
- Retirement planningnot Lexware
- Investment analysisnot Lexware
Lexware
- German business accountingnot Empower
- Invoicing and bookkeepingnot Empower
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
Empower
- Specific advisory fees not published; Form ADV consultation required
- High minimum investment thresholds ($100,000 for Personal Strategy)
- Detailed fee structure available only in Form ADV documents
Lexware
- 50% discount only applies for first 3 months
- Regular prices are double the discounted prices after promotion
- Pricing is in EUR only
Pricing, plan by plan
Empower
On requestNo published plan breakdown. See the Empower review.
Lexware
Free- S$3.95/month
- Belegerfassung und -archiv (Document capture and archive)
- M$6.45/month
- Angebote, (E-) Rechnungen und Mahnungen (Offers, invoices, reminders)
- L$10.95/month
- Buchhaltung, EÜR und Umsatzsteuer (Accounting, EÜR, sales tax)
- XL$16.45/month
- EU- und Abschlagsrechnungen, API (EU invoices, installment invoices, API)
Which should you pick?
Choose Empower if
- You need net worth tracking.
- You work on Web, Ios, Android.
- You also want investment tracking.
Questions people ask
- Is Empower or Lexware better?
- Neither clearly leads. Empower starts at On request and Lexware at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Empower or Lexware?
- Lexware has a free tier; the other does not. Paid plans start at On request for Empower and Free for Lexware.
- Does Empower or Lexware run on more platforms?
- Empower runs on Web, Ios, Android. Lexware runs on Web.
- Can I use Lexware for free?
- Yes. Lexware has a free tier, so you can try it without paying. Empower starts at On request.
- What is Empower best used for?
- Empower is most often used for wealth tracking, retirement planning, investment analysis. Of those, wealth tracking and retirement planning are not what Lexware is typically brought in for.
- What can Empower do that Lexware cannot?
- Empower covers Net worth tracking, Investment tracking, Retirement planner, Cash flow.
Answered from the vendors’ own pages
Empower: Does Empower have a minimum investment requirement?
Empower's advisory services require different minimums based on service level. Personal Strategy advisory requires a minimum of $100,000 in investable assets. Private Client services require $1,000,000 or more.
SourceLexware: How much does Lexware cost?
Lexware pricing ranges from €3.95/month (plan S) to €16.45/month (plan XL) at discounted rates. Regular pricing is €7.90 to €32.90/month. All prices include hosting, backups, updates, and support.
SourceEmpower: How are Empower's advisory fees calculated?
Advisory fees are calculated based on the amount of assets being managed under advice. Specific fee rates are not disclosed on the homepage.
SourceLexware: Is there a current promotional offer?
Yes, Lexware offers 50% discount for the first 3 months on all plans, then regular pricing applies. The billing period is monthly and cancellable anytime.
SourceEmpower: Is the high-yield cash account free?
Yes. Empower's high-yield cash account has no account fees and no minimum balance required.
SourceLexware: Does Lexware offer a free trial?
Yes, Lexware offers a 30-day free trial with full XL features plus Lohn & Gehalt (payroll) access included.
SourceEmpower: Are there fees for stock and ETF trading?
Empower offers commission-free trading for stocks and ETFs with low fees.
SourceRelated pages
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- Lexware vs Ramp
- Lexware vs QuickBooks
- Lexware vs Airbase
- Lexware vs Melio
- Lexware vs Payoneer
- Lexware vs Bench
- Lexware vs Plaid
- Lexware vs Brex
- Lexware vs Fyle
- Lexware vs Microsoft Excel
- Lexware vs Navan
- Lexware vs Bill.com
- Lexware vs Ottimate
- Lexware vs Pennylane
- Lexware vs Recurly
- Lexware vs Spendbase
- Lexware vs TaxAct
- Lexware vs TaxJar
- Lexware vs DATEV
- Lexware vs sevdesk
- Lexware vs Invoice2go
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- Lexware vs Fortnox
- Lexware vs FreeAgent
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- Lexware vs Tipalti

