Updated October 18, 2026 · SumCue Editorial Team
ii vs Nutmeg
ii
Nutmeg
Higher score in this comparison
ii vs Nutmeg: the differences
| Compare | iiReviewSee alternativesSee alternatives | NutmegReviewSee alternativesSee alternatives |
|---|---|---|
| Minimum deposit | £0Lower | £500 |
| Stock trade fee | £3.99 | £0Lower |
| Deposit and withdrawal fees | Free transfers in/out; free next-day withdrawals, GBP15 same-day | no set-up, trading or exit fees |
| Platforms | Mobile app | Web, Mobile appCovers more |
| Account types | ISA, SIPP, Jisa, JointCovers more | ISA, SIPP |
| Account fee | £71.88 | Not confirmed |
| Currency conversion fee | 0.75% | Not confirmed |
| Interest on cash | 0.8% | Not confirmed |
Same on both: Markets (Stocks, ETFs, Funds, Bonds), 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 8.6.
- Minimum deposit is lower at ii: £0 vs £500.
- Stock trade fee is lower at Nutmeg: £0 vs £3.99.
- Platforms: only Nutmeg offers Web.
- Account types: only ii offers Jisa, Joint.
- Support channels: only Nutmeg offers Email, Chat.
- Pricing model: only ii offers Low fees.
- Pricing model: only Nutmeg offers Commission free.
Our verdict on each
ii
ii suits investors who want tax efficient and family accounts with ISA, SIPP and jisa alongside stocks, ETFs and funds through Mobile app. Stock trades cost £3.99 and the account fee is £71.88, so active traders should balance dealing charges against portfolio growth.
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 | ii | Nutmeg |
|---|---|---|
| Cost | 8.6Low entry hurdle with minimum deposit of £0 balanced by dealing charges | 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 | 8.9Choice across stocks, ETFs and funds held within ISA, SIPP and jisa via Mobile app | 9.5Higher |
| Trust | 8.5Oversight from Financial Conduct Authority with cover of FSCS up to GBP 85,000 | 9.1Higher |
Which one suits you
Pick ii if minimum deposit and account types matter most.
Pick Nutmeg if cost, offer, trust, stock trade fee, and platforms matter most.
Licences and countries
| Country | ii | Nutmeg |
|---|---|---|
| United Kingdom | Financial Conduct Authority 552016 |
Available in 1 country for both.
Feature by feature
| Markets | ii | Nutmeg |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Bonds | Yes | Yes |
| Funds | Yes | Yes |
| Account types | ii | Nutmeg |
|---|---|---|
| ISA | Yes | Yes |
| SIPP | Yes | Yes |
| Joint | Yes | No |
| Jisa | Yes | No |
Positions in our rankings
| Ranking | ii | Nutmeg |
|---|---|---|
| Investing | 322 of 654 | 133 of 654 |
| Stock and ETF brokers | 234 of 358 | 94 of 358 |
| Stocks and shares ISAs | 17 of 25 | 5 of 25 |
| Pensions and SIPPs | 13 of 23 | 3 of 23 |
Every fact side by side
| Fact | ii | Nutmeg |
|---|---|---|
| Features | Mobile app | Mobile app |
| Pricing model | Low fees | Commission free |
| Legal entity | Interactive Investor Services Limited | J.P. Morgan Personal Investing Limited |
| Headquarters | United Kingdom | United Kingdom |
| Founded | Not confirmed | 2012 |
| Support channels | Phone, Help centre | Email, Chat, Phone, Help centreCovers more |
Where each stands against the rest
| Fact | ii | Nutmeg | Median |
|---|---|---|---|
| Minimum deposit | £0lowest quarter | £500highest quarter | £15 |
| Stock trade fee | £3.99highest quarter | £0at the median | £0 |
| Account fee | £71.88highest quarter | Not confirmed | £0 |
| Currency conversion fee | 0.75%above the median | Not confirmed | 0.4% |
| Interest on cash | 0.8%lowest quarter | Not confirmed | 2.875% |
Median across 77 listed providers.
Pros and cons
ii
Pros
- Begin with £0 and invest across stocks, ETFs and funds without funding pressure
- Hold ISA, SIPP and family accounts through ISA, SIPP and jisa in a single provider
- Cover of FSCS up to GBP 85,000 under Financial Conduct Authority for added assurance
Cons
- Account fee of £71.88 applies whether you trade or leave holdings untouched
- Stock trades cost £3.99 versus $0 at ActivTrades
- Foreign trades carry conversion costs of 0.75% on top of dealing charges
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
ii
Who it suits
- Investors building ISA and SIPP holdings with junior and joint accounts included
- Buy and hold investors focused on shares, funds and bonds with mobile access
Who should look elsewhere
- Traders sensitive to per order costs may prefer ActivTrades where stock trade fee is $0 rather than £3.99
- Investors comparing entry levels may consider XTB with minimum deposit of €0 or eToro with minimum deposit of $50
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 | ii | Nutmeg |
|---|---|---|
| United Kingdom | Yes | Yes |
Questions about each
ii
What does ii charge for share dealing and account holding?+
Stock trades cost £3.99 and the account fee is £71.88. The account fee covers holding of investments across wrappers and applies on top of dealing charges. Check how often you expect to trade before judging value against infrequent use.
Is ii regulated and is money protected?+
ii is provided by Interactive Investor Services Limited and regulated by Financial Conduct Authority. Client cover is FSCS up to GBP 85,000. Protection applies within scheme limits and does not remove market risk, so holdings can still fall in value.
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
Nutmeg