Updated September 29, 2026 · SumCue Editorial Team
eToro vs Nutmeg
eToro
Higher score in this comparison
Nutmeg
eToro vs Nutmeg: the differences
| Compare | eToroReviewVisitVisit | NutmegReviewSee alternativesSee alternatives |
|---|---|---|
| Minimum deposit | $1 to $10,000 | £500 |
| Stock trade fee | $0 | £0 |
| Markets | Stocks, ETFs, Forex, CFDs, Crypto, Futures | ETFs, Funds, Stocks, Bonds |
| Regulators | Cyprus Securities and Exchange Commission (CySEC), SIPC | Financial Conduct Authority |
| Investor protection | EU ICS up to EUR 20,000 | FSCS up to GBP 85,000 |
| Account types | ISA | ISA, SIPPCovers more |
| Account fee | $0 | Not confirmed |
| Deposit and withdrawal fees | Not confirmed | no set-up, trading or exit fees |
| Platforms | Not confirmed | Web, Mobile app |
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
- Regulators: only eToro offers Cyprus Securities and Exchange Commission (CySEC), SIPC.
- Regulators: only Nutmeg offers Financial Conduct Authority.
- Founded is lower at eToro: 2007 vs 2012.
- eToro is licensed in 1 more country.
- Markets: only eToro offers Forex, CFDs, Crypto.
- Markets: only Nutmeg offers Funds, Bonds.
- Account types: only Nutmeg offers SIPP.
- Support channels: only Nutmeg offers Email, Chat, Phone.
- Features: only eToro offers Crypto, Demo account, Fractional shares.
Our verdict on each
eToro
eToro suits new investors who want shares, crypto and cash interest in a single app, with an account fee of $0 and a stock trade fee of $0. The catch is the withdrawal fee of $5 flat fee, which makes it a poor fit for anyone moving small sums in and out often.
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 | eToro | Nutmeg |
|---|---|---|
| Cost | 9.3HigherAccount fee $0 and stock trade fee $0 rank 1 and 1, while withdrawals cost $5 flat fee. | 9.2Costs 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 | 8.8 | 9.5Higher |
| Trust | 9.2Higher | 9.1 |
Where they rank in our lists
| Ranking | eToro | Nutmeg |
|---|---|---|
| Investing | 5 of 654 | 133 of 654 |
| Stock and ETF brokers | 4 of 358 | 94 of 358 |
| Robo-advisors | 1 of 154 | 33 of 154 |
| Stocks and shares ISAs | 1 of 25 | 5 of 25 |
Side by side, item by item
| Markets | eToro | Nutmeg |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | No |
| CFDs | Yes | No |
| Futures | Yes | No |
| Crypto | Yes | No |
| Bonds | No | Yes |
| Funds | No | Yes |
| Account types | eToro | Nutmeg |
|---|---|---|
| ISA | Yes | Yes |
| SIPP | No | Yes |
Sources behind this comparison
eToro
- etoro.com: 10 facts, checked September 26, 2026
- esma.europa.eu: 4 facts, checked September 26, 2026
Nutmeg
- nutmeg.com: 5 facts, checked September 26, 2026
- investing-reviews.co.uk: 3 facts, checked September 26, 2026
- register.fca.org.uk: 2 facts, checked September 26, 2026
- compareandinvest.co.uk: 1 fact, checked September 26, 2026
- jpm-personal-investing-marketing.cdn.prismic.io: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | eToro | Nutmeg |
|---|---|---|
| Features | Crypto, Demo account, Fractional shares, Copy trading, Mobile appCovers more | Mobile app |
| Pricing model | Commission free | Commission free |
| Audience | Beginners | Not confirmed |
| Legal entity | eToro (Europe) Ltd | J.P. Morgan Personal Investing Limited |
| Headquarters | Cyprus | United Kingdom |
| Founded | 2007Lower | 2012 |
| Support channels | Help centre | Email, Chat, Phone, Help centreCovers more |
Crypto exchanges
| Fact | eToro | Nutmeg |
|---|---|---|
| Taker fee | 1% | Not confirmed |
| Coins listed | from 150 | Not confirmed |
| Fiat deposit methods | Card, Bank | Not confirmed |
| Withdrawal fee | $5 flat fee | Not confirmed |
| Derivatives | Yes | Not confirmed |
| Exchange type | Cex | Not confirmed |
Savings
| Fact | eToro | Nutmeg |
|---|---|---|
| Headline rate | 3.8% | Not confirmed |
| Rate type | Variable | Not confirmed |
| Deposit protection | EU DGS up to EUR 100,000 | Not confirmed |
| Access terms | Interest on USD cash balance, no lock-in, withdraw at any time, calculated daily and paid monthly | Not confirmed |
| Monthly fee | $0 | Not confirmed |
| Account kind | Cash management | Not confirmed |
Robo-advisors
| Fact | eToro | Nutmeg |
|---|---|---|
| Management fee | 0%Lower | 0.25% to 0.75% |
| Minimum investment | $500 | £100 to £500 |
| Portfolio types | ETF, ESG, Cash, CryptoCovers more | ETF, ESG, Cash |
Crypto wallets
| Fact | eToro | Nutmeg |
|---|---|---|
| Wallet type | Mobile | Not confirmed |
| Custody | Custodial | Not confirmed |
Where each stands against the rest
| Fact | eToro | Nutmeg | Median |
|---|---|---|---|
| Account fee | $0at the median | Not confirmed | $0 |
Median across 53 listed providers.
Pros and cons
eToro
Pros
- Interest on the USD cash balance pays 3.8% on a variable basis, calculated daily and paid monthly, and withdrawals are allowed at any time.
- Regulated by Cyprus Securities and Exchange Commission (CySEC) and SIPC, with client asset protection of EU ICS up to EUR 20,000 and deposit protection of EU DGS up to EUR 100,000.
- Minimum deposit $1 to $10,000 and minimum portfolio investment $500 keep the starting point low, and fractional shares are among the listed features.
Cons
- Withdrawal costs $5 flat fee each time, which makes small, regular transfers expensive next to the $0 stock trade fee.
- Client asset protection of EU ICS up to EUR 20,000 sits well below deposit protection of EU DGS up to EUR 100,000, so a large share portfolio can outrun the cover.
- Taker fee 1% sits above the 0.25% median, which matters for anyone trading crypto often rather than holding.
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
eToro
Who it suits
- New investors, since the audience is listed as beginners and the minimum deposit is $1 to $10,000.
- Investors who want cash and markets together, with USD balance interest at 3.8% alongside stocks, etfs and forex.
- UK savers who want a tax wrapper, since an ISA sits among the isa on offer.
Who should look elsewhere
- bunq, which covers stocks, etfs and crypto and suits anyone who wants shares, ETFs and crypto and can set derivatives aside.
- CFI, for readers who want stocks, etfs and forex and can leave futures aside; eToro is the wider of the two.
- Fiesta Credito MX, which answers to CONDUSEF rather than Cyprus Securities and Exchange Commission (CySEC) and SIPC, for readers trading outside those markets.
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 | eToro | Nutmeg |
|---|---|---|
| United Kingdom | No | Yes |
Questions about each
eToro
What does eToro charge to open and run an account?+
The account fee is $0 and the monthly fee is $0, so the account costs nothing to hold. Stock trades are charged at $0 and the platform describes itself as commission-free. Managed portfolios carry a management fee of 0%. Money moving out is the exception, at $5 flat fee per withdrawal.
Is my money protected at eToro?+
eToro is regulated by Cyprus Securities and Exchange Commission (CySEC) and SIPC. Client assets sit under investor protection of EU ICS up to EUR 20,000, while cash deposits are covered by a separate scheme at EU DGS up to EUR 100,000. These ceilings are very different, so anyone holding a large share portfolio should treat the lower figure as the real limit on recovery.
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.
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eToro
Nutmeg