Updated September 29, 2026 · SumCue Editorial Team
Nutmeg vs Trading 212
Nutmeg
Trading 212
Higher score in this comparison
What sets them apart
| Compare | NutmegReviewSee alternativesSee alternatives | Trading 212ReviewSee alternativesSee alternatives |
|---|---|---|
| Minimum deposit | £500 | £1Lower |
| Markets | ETFs, Funds, Stocks, Bonds | Stocks, ETFs, Forex, CFDs |
| Regulators | Financial Conduct Authority | Financial Conduct Authority, Cyprus Securities and Exchange Commission, Cyprus Securities and Exchange Commission (CySEC)Covers more |
| Platforms | Web, Mobile app | Trading 212 App, Web Platform |
| Account types | ISA, SIPP | ISA, SIPP, JointCovers more |
| Account fee | Not confirmed | £0 |
| Inactivity fee | Not confirmed | £0 |
| Deposit and withdrawal fees | no set-up, trading or exit fees | 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
- Trading 212 scores higher overall: 9.3 vs 9.2.
- Regulators: only Trading 212 offers Cyprus Securities and Exchange Commission, Cyprus Securities and Exchange Commission (CySEC).
- Founded is lower at Trading 212: 2006 vs 2012.
- Trading 212 is licensed in 1 more country.
- Minimum deposit is lower at Trading 212: £1 vs £500.
- Markets: only Nutmeg offers Funds, Bonds.
- Markets: only Trading 212 offers Forex, CFDs.
- Platforms: only Nutmeg offers Web, Mobile app.
- Platforms: only Trading 212 offers Trading 212 App, Web Platform.
- Account types: only Trading 212 offers Joint.
Our verdict on each
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.
Trading 212
Trading 212 suits UK beginners who want to start small and pay nothing to hold or trade. Stock trades cost £0, the account fee is £0, deposits start at £1, and help runs through help centre only, with no phone or chat route for anyone who needs a person.
Score breakdown
| Area | Nutmeg | Trading 212 |
|---|---|---|
| Cost | 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. | 9.3HigherStock trade fee of £0 and account fee of £0, with no inactivity charge of £0 and a minimum deposit of £1. |
| Offer | 9.5Higher | 8.9 |
| Trust | 9.1 | 9.4Higher |
How they place
| Ranking | Nutmeg | Trading 212 |
|---|---|---|
| Investing | 133 of 654 | 110 of 654 |
| Stock and ETF brokers | 94 of 358 | 75 of 358 |
| Stocks and shares ISAs | 5 of 25 | 4 of 25 |
| Pensions and SIPPs | 3 of 23 | 2 of 23 |
Where each is licensed and available
| Country | Nutmeg | Trading 212 |
|---|---|---|
| United Kingdom | Financial Conduct Authority 552016 | |
| Cyprus | Not confirmed | Cyprus Securities and Exchange Commission (CySEC) MiCA CASP 21380045KC28948FNE32 |
If neither fits
Hargreaves Lansdown has minimum deposit at £0, against £500 for Nutmeg and £1 for Trading 212.
Hargreaves Lansdown reviewEvery fact side by side
| Fact | Nutmeg | Trading 212 |
|---|---|---|
| Features | Mobile app | Fractional shares, Demo account, Mobile appCovers more |
| Pricing model | Commission free | Commission free |
| Audience | Not confirmed | Beginners |
| Legal entity | J.P. Morgan Personal Investing Limited | Trading 212 Markets Ltd |
| Headquarters | United Kingdom | Cyprus |
| Founded | 2012 | 2006Lower |
| Support channels | Email, Chat, Phone, Help centreCovers more | Help centre |
Savings
| Fact | Nutmeg | Trading 212 |
|---|---|---|
| Rate type | Not confirmed | Variable |
| Deposit protection | Not confirmed | FSCS up to GBP 85,000 |
| Access terms | Not confirmed | Flexible Cash ISA with instant access; withdraw and add money at any time, interest paid monthly |
| Account kind | Not confirmed | ISA |
Where each stands against the rest
| Fact | Nutmeg | Trading 212 | Median |
|---|---|---|---|
| Minimum deposit | £500highest quarter | £1below the median | £15 |
| Stock trade fee | £0at the median | £0at the median | £0 |
| Account fee | Not confirmed | £0at the median | £0 |
Median across 24 listed providers.
Pros and cons
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.
Trading 212
Pros
- Stock trades cost £0 and the account fee is £0, so holding a portfolio costs nothing
- The inactivity fee is £0, so a dormant account is not quietly charged
- The minimum deposit is £1, far below the €10 bunq asks
Cons
- Support runs on help centre only, so there is no live phone or chat route
- Trading 212 Markets Ltd is authorised by the Cyprus Securities and Exchange Commission on MiCA CASP 21380045KC28948FNE32, so the Financial Conduct Authority is not the only supervisor involved
- Markets cover stocks, etfs and forex, which leaves funds, bonds and options outside the range offered here
Who each suits
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.
Trading 212
Who it suits
- Beginners opening a first UK investing account
- Savers who want tax-free cash in a flexible Cash ISA
- Small regular investors using fractional shares in small amounts
Who should look elsewhere
- Anyone who wants a phone line, since support runs on help centre only
- Readers wanting a lower entry amount than £1, since CFI asks $0
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 | Nutmeg | Trading 212 |
|---|---|---|
| United Kingdom | Yes | No |
Questions about each
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.
Trading 212
How much does it cost to open and hold an account?+
The account fee is £0 and the stock trade fee is £0, so there is no charge to hold or to trade. It ranks 1 of 142 on account fee in our data. The only other cost line recorded is the inactivity fee at £0.
What is the smallest amount I can start with?+
The minimum deposit is £1, which puts the entry point low. That ranks 83 of 218 on our minimum deposit data. For comparison, bunq asks a minimum deposit of €10, so Trading 212 asks less of a first deposit than bunq does.
Other options to compare
Other matchups
Nutmeg
Trading 212