Updated September 28, 2026 · BrokerCue Editorial Team
Dodl vs Nutmeg
What sets them apart
| Compare |  Dodl |  Nutmeg |
|---|---|---|
| Minimum deposit | £25Lower | £500 |
| Markets | Stocks, ETFs, Funds | ETFs, Funds, Stocks, BondsCovers more |
| Deposit and withdrawal fees | free deposits and withdrawals | no set-up, trading or exit fees |
| Platforms | Dodl app | Web, Mobile app |
| Account types | ISA, SIPP, LisaCovers more | ISA, SIPP |
| Currency conversion fee | 0.75% | Not confirmed |
| Interest on cash | 3.8% | Not confirmed |
Same on both: Stock trade fee (£0), Regulators (Financial Conduct Authority), Investor protection (FSCS up to GBP 85,000).
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Key differences
- Nutmeg scores higher overall: 9.2 vs 8.8.
- Minimum deposit is lower at Dodl: £25 vs £500.
- Markets: only Nutmeg offers Bonds.
- Platforms: only Dodl offers Dodl app.
- Platforms: only Nutmeg offers Web, Mobile app.
- Account types: only Dodl offers Lisa.
- Support channels: only Nutmeg offers Phone.
- Pricing model: only Dodl offers Low fees.
Our verdict on each
Dodl
Dodl is an AJ Bell app aimed at UK beginners who want to sidestep dealing costs entirely. Stock trades cost £0 and cash earns 3.8%, so the saving comes from the fee-free model rather than from a richer market list.
Nutmeg
Nutmeg suits UK investors who want a managed portfolio held in an ISA or SIPP rather than a self-directed dealing account. The cost of that convenience is a single management fee of 0.25% to 0.75%, with a £0 stock trade fee and FSCS protection of FSCS up to GBP 85,000 in place.
Score breakdown
| Area | Dodl | Nutmeg |
|---|---|---|
| Cost | 8.9 | 9.0HigherManagement fees of 0.25% to 0.75% run above the robo-adviser median of 0.35%, and the entry floor is high. |
| Offer | 9.2Stock trade fee of £0 across isa, sipp and lisa, plus free deposits and withdrawals, undercuts priced platforms. | 9.6Higher |
| Trust | 8.6 | 9.1Higher |
Sources behind this comparison
Dodl
- dodl.co.uk: 12 facts, checked September 26, 2026
- help.dodl.co.uk: 3 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
How they place
| Ranking | Dodl | Nutmeg |
|---|---|---|
| Stock and ETF brokers | 168 of 490 | 92 of 490 |
| Investment platforms and apps | 34 of 85 | 20 of 85 |
| Stocks and shares ISA providers | 8 of 21 | 3 of 21 |
| SIPP providers | 7 of 22 | 3 of 22 |
| Lifetime ISA providers | 5 of 13 | 2 of 13 |
Every fact side by side
| Fact | Dodl | Nutmeg |
|---|---|---|
| Features | Mobile app | Mobile app |
| Pricing model | Commission free, Low feesCovers more | Commission free |
| Audience | Beginners | Not confirmed |
| Legal entity | AJ Bell | J.P. Morgan Personal Investing Limited |
| Headquarters | Not confirmed | United Kingdom |
| Founded | Not confirmed | 2012 |
| Support channels | Email, Chat, Help centre | Email, Chat, Phone, Help centreCovers more |
Where each stands against the rest
| Fact | Dodl | Nutmeg | Median |
|---|---|---|---|
| Minimum deposit | £25at the median | £500highest quarter | £25 |
| Stock trade fee | £0at the median | £0at the median | £0 |
| Currency conversion fee | 0.75%highest quarter | Not confirmed | 0.4% |
| Interest on cash | 3.8%highest quarter | Not confirmed | 3% |
Median across 34 listed brokers.
Pros and cons
Dodl
Pros
- Stock trades cost £0, the lowest stock trade fee recorded in this comparison
- free deposits and withdrawals means moving money in and out adds nothing to a portfolio
- Cash held with the account earns interest of 3.8% while you save for a purchase
Cons
- Cash interest of 3.8% is a variable rate, so the return on uninvested money can move
- Dealing runs on Dodl app only, which suits casual investors less well than a desktop platform
- Support runs on email, chat and help centre only, so there is no phone line for urgent account problems
Nutmeg
Pros
- One ongoing charge to read: management fees of 0.25% to 0.75%, with no set-up, trading or exit fees on top.
- Holdings span etfs, funds and stocks, so a managed basket can still cover a wide spread of asset types.
- Regulated by the Financial Conduct Authority, with FSCS protection of FSCS up to GBP 85,000 behind the account.
Cons
- Management fees of 0.25% to 0.75% sit above the robo-adviser median of 0.35%, and the cost rises as the balance grows.
- The opening deposit is £500 and later money goes in from £100 to £500, higher than the robo-adviser median of €60.06.
- The portfolio range is etf, esg and cash only, so there is no crypto or thematic option to tilt towards.
Who each suits
Dodl
Who it suits
- UK beginners opening a first stocks, ETFs and funds portfolio
- Investors who want dealing fees at £0 and want to keep cash earning 3.8%
- Savers setting aside money in an ISA, SIPP or LISA before investing
Who should look elsewhere
- Traders who need a desktop dealing platform, because dealing sits on Dodl app
- Anyone wanting phone support, since help runs on email, chat and help centre
- Investors who trade often in foreign currency, where 0.75% charges apply
Nutmeg
Who it suits
- UK investors who want a managed portfolio inside an ISA or a SIPP and accept a single ongoing charge for the service.
- People who would rather not research individual funds, since the holdings run to etf, esg and cash approaches chosen and held for you.
- Investors who want a phone line as well as written support, since email, chat and phone includes phone, chat, email and a help centre.
Who should look elsewhere
- Anyone starting with a small first payment, since the £500 deposit is well above the robo-advisor lower quartile of €0, and Axos Invest begins at $100 in US dollars.
- Shoppers who want the lowest ongoing charge, since eToro runs a 0% management fee and Vivid Standard charges 0.5% to 1.5%, against Nutmeg's 0.25% to 0.75%.
- Investors who want accounts in US dollars, because Axos Invest takes $100 in dollars while Nutmeg's £100 to £500 sits in pounds.
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 | Dodl | Nutmeg |
|---|---|---|
| United Kingdom | Yes | Yes |
Questions about each
Dodl
What does it cost to buy shares at Dodl?+
A stock trade costs £0, which is the figure that stands out on this platform. The pricing model is commission-free rather than low-fee, so dealing is designed to cost nothing. Money in and out is also free deposits and withdrawals, so a transfer adds nothing extra. The one charge to watch is 0.75% on currency conversion when you buy shares priced outside sterling.
Is my money protected at Dodl?+
Dodl is regulated by the Financial Conduct Authority, and eligible balances are covered by FSCS up to GBP 85,000. That protection is a stated limit on a claim to the firm, not a promise that investments cannot fall in value. The company operating the app is AJ Bell, so the account sits with an established UK provider rather than an offshore entity.
Nutmeg
What does Nutmeg charge to manage my money?+
The charge is a single management fee of 0.25% to 0.75%, which sits above the robo-adviser median of 0.35% in this group. There are no set-up, trading or exit fees to add on top. Money can go in from £100 to £500, so the cost is a percentage of what you hold rather than a price per deal.
How much do I need to open an account?+
The minimum deposit is £500, and once the account is open money can go in from £100 to £500. That first payment is the step most readers notice, and it sits above the lower quartile of €0 across robo-advisers here.