Deriv vs Nutmeg - BrokerCue
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Broker Comparison

Deriv vs Nutmeg

Compare Deriv and Nutmeg side by side: fees, regulation, platforms.

Deriv

Deriv

Synthetic index and CFD traders

Deriv is a multi-asset online broker founded in 1999 offering forex, CFDs, crypto, synthetic indices, and dig…

VS
Nutmeg

Nutmeg

Hands-off UK portfolio investors

Nutmeg is a UK robo-advisor offering managed and fixed-allocation portfolios across ISAs, a personal pension …

Head-to-head comparison

Deriv vs Nutmeg
Feature Deriv Nutmeg
Minimum deposit - -
Stock trading fee CFDs on 500+ stocks; spread-based; no commission -
Regulators MFSA, LFSA, BVI FSC, VFSC, FSC, SCA FCA
Best for Synthetic index and CFD traders Hands-off UK portfolio investors
Markets & account
Stocks
-
ETFs
Forex
-
CFDs
-
Crypto
-
Options
-
Margin
-
Multi Currency
-
Demo Account
-
Ready Made Portfolios
-
Isa
-

Pros & cons

Deriv

Deriv

Pros

  • No commissions on any account type
  • No deposit or withdrawal fees
  • Minimum deposit of $5
  • Proprietary synthetic indices tradeable 24/7
  • Seven trading platforms including MT5, cTrader, and DBot
  • Free $10,000 virtual-funds demo account
  • Regulated in multiple jurisdictions including Malta (MFSA)

Cons

  • Forex spreads wider than industry average on standard accounts
  • Inactivity fee of up to $25 after 12 months of no trading
  • Most regulatory coverage is offshore (Tier 3); only MFSA provides Tier 1 oversight
  • No MetaTrader 4 support
  • Limited research and educational content compared to larger brokers
  • No phone customer support
  • Synthetic indices are proprietary; Deriv acts as counterparty
Nutmeg

Nutmeg

Pros

  • FCA-regulated with FSCS protection up to £85,000
  • Backed by JPMorgan Chase since 2021
  • No deposit, withdrawal or inactivity fees
  • Six portfolio styles including ESG, Income and Smart Alpha
  • Covers ISA, Lifetime ISA, Junior ISA, personal pension and GIA
  • Transparent fee structure with no hidden charges
  • Low minimum of £100 for Junior ISA and Lifetime ISA

Cons

  • Managed portfolio fees of up to 0.75% are higher than some robo-advisor competitors
  • No self-directed stock or share picking
  • No demo account
  • No SIPP - only a managed personal pension
  • No fractional shares or direct equity trading
  • £500 minimum for ISA, personal pension and GIA
  • Brand retired in November 2025 and merged into J.P. Morgan Personal Investing
Deriv

Deriv

Deriv is a multi-asset online broker founded in 1999 offering forex, CFDs, crypto, synthetic indices, and digital options across seven trading platforms.

Visit Deriv Read review

Your capital is at risk. Other fees apply.

Nutmeg

Nutmeg

Nutmeg is a UK robo-advisor offering managed and fixed-allocation portfolios across ISAs, a personal pension and a general investment account, regulated by the FCA.

Visit Nutmeg Read review

Your capital is at risk. Other fees apply.

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