Updated September 28, 2026 · SumCue Editorial Team
InvestEngine vs Nutmeg
InvestEngine
Nutmeg
Higher score in this comparison
InvestEngine vs Nutmeg: the differences
| Compare | InvestEngineReviewSee alternativesSee alternatives | NutmegReviewSee alternativesSee alternatives |
|---|---|---|
| Minimum deposit | £100Lower | £500 |
| Markets | ETFs | ETFs, Funds, Stocks, BondsCovers more |
| Regulators | Financial Conduct Authority (FCA) | Financial Conduct Authority |
| Deposit and withdrawal fees | Free | no set-up, trading or exit fees |
| Platforms | Web, iOS, Android | Web, Mobile app |
| Account types | ISA, SIPP, CorporateCovers more | ISA, SIPP |
| Account fee | £0 | Not confirmed |
| Interest on cash | 0% | Not confirmed |
Same on both: Stock trade fee (£0), 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 8.7.
- Regulators: only InvestEngine offers Financial Conduct Authority (FCA).
- Regulators: only Nutmeg offers Financial Conduct Authority.
- Founded is lower at Nutmeg: 2012 vs 2019.
- Minimum deposit is lower at InvestEngine: £100 vs £500.
- Markets: only Nutmeg offers Funds, Stocks, Bonds.
- Platforms: only InvestEngine offers iOS, Android.
- Platforms: only Nutmeg offers Mobile app.
- Account types: only InvestEngine offers Corporate.
- Support channels: only Nutmeg offers Chat, Phone.
Our verdict on each
InvestEngine
InvestEngine suits UK beginners who want a small, set-and-forget ETF pot with nothing charged for holding or trading. The account fee is £0, the minimum deposit is £100 and the only recurring charge is a management fee of 0.25%. The trade-off is that you hold ETFs and nothing else.
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 | InvestEngine | Nutmeg |
|---|---|---|
| Cost | 9.0 | 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 | 8.8Account fee of £0, stock trade fee of £0 and a minimum deposit of £100. | 9.5Higher |
| Trust | 8.3 | 9.1Higher |
Licences and countries
| Country | InvestEngine | Nutmeg |
|---|---|---|
| United Kingdom | Financial Conduct Authority 552016 |
Available in 1 country for both.
What each covers
| Markets | InvestEngine | Nutmeg |
|---|---|---|
| Stocks | No | Yes |
| ETFs | Yes | Yes |
| Bonds | No | Yes |
| Funds | No | Yes |
| Account types | InvestEngine | Nutmeg |
|---|---|---|
| ISA | Yes | Yes |
| SIPP | Yes | Yes |
| Corporate | Yes | No |
Also worth a look
Hargreaves Lansdown has minimum deposit at £0, against £100 for InvestEngine and £500 for Nutmeg.
Hargreaves Lansdown reviewHow they place
| Ranking | InvestEngine | Nutmeg |
|---|---|---|
| Investing | 298 of 654 | 133 of 654 |
| Stock and ETF brokers | 217 of 358 | 94 of 358 |
| Robo-advisors | 92 of 154 | 33 of 154 |
| Stocks and shares ISAs | 15 of 25 | 5 of 25 |
| Pensions and SIPPs | 11 of 23 | 3 of 23 |
Every fact side by side
| Fact | InvestEngine | Nutmeg |
|---|---|---|
| Features | Fractional shares, Mobile appCovers more | Mobile app |
| Pricing model | Commission free | Commission free |
| Audience | Beginners | Not confirmed |
| Legal entity | InvestEngine (UK) Limited | J.P. Morgan Personal Investing Limited |
| Headquarters | United Kingdom | United Kingdom |
| Founded | 2019 | 2012Lower |
| Support channels | Email, Help centre | Email, Chat, Phone, Help centreCovers more |
Robo-advisors
| Fact | InvestEngine | Nutmeg |
|---|---|---|
| Management fee | 0.25% | 0.25% to 0.75% |
| Minimum investment | £1Lower | £100 to £500 |
| Portfolio types | ETF | ETF, ESG, CashCovers more |
Where each stands against the rest
| Fact | InvestEngine | Nutmeg | Median |
|---|---|---|---|
| Minimum deposit | £100above the median | £500highest quarter | £15 |
| Stock trade fee | £0at the median | £0at the median | £0 |
| Account fee | £0at the median | Not confirmed | £0 |
| Interest on cash | 0%lowest quarter | Not confirmed | 2.875% |
Median across 44 listed providers.
Pros and cons
InvestEngine
Pros
- No account fee at £0 and no stock trade fee at £0
- Fractional shares and a mobile app let you invest small amounts regularly
- Choose from ISA, SIPP and corporate accounts
Cons
- A management fee of 0.25% still applies, unlike a free commission-free brokerage
- Markets are limited to ETFs, so individual shares are not an option
- Support runs on email and help centre only, with no phone line
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
InvestEngine
Who it suits
- Beginners who want to start small and add to the same pot each month
- Savers putting money into an ISA or SIPP for the long term
- Anyone who would rather hold a diversified basket than pick single shares
Who should look elsewhere
- Traders who want to buy and sell individual shares
- Anyone who wants to speak to support by phone, since support runs on email and help centre only
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 | InvestEngine | Nutmeg |
|---|---|---|
| United Kingdom | Yes | Yes |
Questions about each
InvestEngine
What does it cost to hold an InvestEngine account?+
The account fee is £0 and the stock trade fee is £0, so there is nothing charged for keeping the account open or for dealing. The one recurring cost is a management fee of 0.25% on the money you hold. Deposits and withdrawals are free.
What is the smallest amount I can invest?+
The minimum deposit is £100, and the smallest investment the platform advertises is £1. Fractional shares are supported, so you can hold a slice of a fund rather than a whole unit. That keeps the starting point low even though the opening deposit is set higher than at many rivals.
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
InvestEngine
Nutmeg