Updated September 28, 2026 · SumCue Editorial Team
Dodl vs Nutmeg
Dodl
Nutmeg
Higher score in this comparison
Where Dodl and Nutmeg differ
| Compare | DodlReviewSee alternativesSee alternatives | NutmegReviewSee alternativesSee alternatives |
|---|---|---|
| Minimum deposit | £25Lower | £500 |
| Markets | Stocks, ETFs, Funds | ETFs, Funds, Stocks, BondsCovers more |
| Deposit and withdrawal fees | free deposits and withdrawals | no set-up, trading or exit fees |
| Platforms | Dodl app | Web, Mobile app |
| Account types | ISA, SIPP, LisaCovers more | ISA, SIPP |
| Currency conversion fee | 0.75% | Not confirmed |
| Interest on cash | 3.8% | Not confirmed |
Same on both: Stock trade fee (£0), Regulators (Financial Conduct Authority), Investor protection (FSCS up to GBP 85,000).
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Key differences
- Nutmeg scores higher overall: 9.2 vs 8.8.
- Minimum deposit is lower at Dodl: £25 vs £500.
- Markets: only Nutmeg offers Bonds.
- Platforms: only Dodl offers Dodl app.
- Platforms: only Nutmeg offers Web, Mobile app.
- Account types: only Dodl offers Lisa.
- Support channels: only Nutmeg offers Phone.
- Pricing model: only Dodl offers Low fees.
Our verdict on each
Dodl
Dodl suits UK beginners who want a low-cost way into markets without a dealing desk. It runs an ISA, SIPP and LISA in one app, charges £0 to trade shares, and answers to the Financial Conduct Authority with investor protection of FSCS up to GBP 85,000, so getting started is cheap.
Nutmeg
Nutmeg keeps the running cost of a managed portfolio low and the paperwork light, which suits UK savers who want an ISA or SIPP without choosing investments themselves. The catch sits in the entry bar: the minimum deposit is £500 and fees of 0.25% to 0.75% a year apply.
Score breakdown
| Area | Dodl | Nutmeg |
|---|---|---|
| Cost | 8.9 | 9.2HigherCosts are the management fee of 0.25% to 0.75% a year, with trading adding £0 and no set-up, trading or exit fees. |
| Offer | 9.2A £25 entry point, 0.75% on currency conversion and commission free and low fees dealing across the ISA, SIPP and LISA. | 9.5Higher |
| Trust | 8.6 | 9.1Higher |
Choosing between them
Pick Dodl if minimum deposit and account types matter most.
Pick Nutmeg if cost, offer, trust, and markets matter most.
How they place
| Ranking | Dodl | Nutmeg |
|---|---|---|
| Investing | 268 of 654 | 133 of 654 |
| Stock and ETF brokers | 194 of 358 | 94 of 358 |
| Stocks and shares ISAs | 10 of 25 | 5 of 25 |
| Pensions and SIPPs | 7 of 23 | 3 of 23 |
Every fact side by side
| Fact | Dodl | Nutmeg |
|---|---|---|
| Features | Mobile app | Mobile app |
| Pricing model | Commission free, Low feesCovers more | Commission free |
| Audience | Beginners | Not confirmed |
| Legal entity | AJ Bell | J.P. Morgan Personal Investing Limited |
| Headquarters | Not confirmed | United Kingdom |
| Founded | Not confirmed | 2012 |
| Support channels | Email, Chat, Help centre | Email, Chat, Phone, Help centreCovers more |
Where each stands against the rest
| Fact | Dodl | Nutmeg | Median |
|---|---|---|---|
| Minimum deposit | £25above the median | £500highest quarter | £15 |
| Stock trade fee | £0at the median | £0at the median | £0 |
| Currency conversion fee | 0.75%above the median | Not confirmed | 0.4% |
| Interest on cash | 3.8%highest quarter | Not confirmed | 2.875% |
Median across 77 listed providers.
Pros and cons
Dodl
Pros
- Commission-free dealing: £0 to buy or sell shares, with free deposits and withdrawals either side of the balance.
- An ISA, SIPP and LISA sit alongside stocks, etfs and funds in a single app, so wrappers and dealing stay in one place.
- Regulated by the Financial Conduct Authority, with investor protection of FSCS up to GBP 85,000.
Cons
- Foreign exchange costs 0.75%, so currency conversion is the charge that bites anyone buying shares outside sterling.
- Help runs on email, chat and help centre, with no phone route among them, so a complex dispute has to be put in writing.
- The market list is stocks, etfs and funds, which leaves out bonds, commodities and currency pairs.
Nutmeg
Pros
- Trading adds £0, and set-up, trading and exit fees do not run on the account, so moving money in or out costs nothing extra.
- Regulated by the Financial Conduct Authority, with investor protection of FSCS up to GBP 85,000 behind the balance.
- Support runs on email, chat and phone, so help is available by phone and live chat as well as in writing.
Cons
- A £500 minimum deposit and a minimum investment of £100 to £500 put Nutmeg above Axos Invest, which lists $100.
- A quarter of robo-advisors charge 0% in management fees, so fees of 0.25% to 0.75% a year are not the lowest rate around.
- Account choice is limited to isa and sipp, with no general investment account in the range.
Who each suits
Dodl
Who it suits
- Beginners in the UK who want their first ISA or SIPP and do not want commission on a share dealing.
- Investors who keep a cash buffer alongside a portfolio and want interest on the part that is not invested.
- Pension savers who prefer one app for the SIPP, the ISA and the general account rather than several providers.
Who should look elsewhere
- Forex traders, who should look at CFI: it opens from a $0 minimum, and currency markets sit outside the stocks, etfs and funds on offer here.
- Anyone after a euro bank account rather than a UK wrapper: bunq's minimum deposit is €10, and that product sits outside the isa, sipp and lisa range here.
- Readers after credit rather than investments: Fiesta Credito MX is supervised by CONDUSEF, a different market from the Financial Conduct Authority's.
Nutmeg
Who it suits
- UK beginners who want an ISA or SIPP opened without choosing individual investments.
- Savers who can fund a £500 deposit and hold the account for years rather than months.
- People happy to hand asset allocation to an algorithm across the etf, esg and cash range.
Who should look elsewhere
- eToro, which lists a management fee of 0%, if the annual charge is the number that decides it.
- Axos Invest, where a starting amount of $100 suits anyone below the £500 deposit Nutmeg asks for.
- Empower Personal Dashboard for savers who want 0% management fees rather than 0.25% to 0.75% a year.
Current offers
Nutmeg
Current offer
Bonus
Earn £100 when you invest £1,000: GBP 100 cash reward
Invest at least £1,000 in one payment into a General Investment Account, Stocks and Shares ISA, Lifetime ISA, Junior ISA or Personal Pension and keep it invested for at least 6 months; new contributions only, transfers excluded; reward paid as unallocated cash within 55 days; new clients only, cannot be combined with other new-client offers
Source, checked September 26, 2026
Country by country
| Country | Dodl | Nutmeg |
|---|---|---|
| United Kingdom | Yes | Yes |
Questions about each
Dodl
What does it cost to trade shares at Dodl?+
Dealing is commission free: £0 to buy or sell shares, and the same rate on the ISA, SIPP and LISA accounts. commission free and low fees describes the pricing. That dealing fee puts Dodl at position 1 of 166 brands ranked on stock trade fees on this site.
How much do I need to open an account?+
The minimum deposit is £25, low enough to start with a small amount and add to it later. On this site that ranks position 131 of 218 brands on minimum deposit, so it sits in the middle of the field rather than at the bottom of it.
Nutmeg
What does Nutmeg cost to run?+
The yearly cost is a management fee of 0.25% to 0.75% a year, taken from the account. Trading adds £0, and set-up, trading and exit fees do not run on the account, so moving money in or out costs nothing extra. That annual charge is the number to compare across robo-advisors.
How much do I need to open an account?+
The minimum deposit is £500, and once the account is open the minimum investment is £100 to £500. The deposit is the amount the account has to start with, while the investment range covers the size of a single contribution or holding. Contributions above the minimum can be added as the balance grows.
Other options to compare
Other matchups
Dodl
Nutmeg