Updated September 29, 2026 · BrokerCue Editorial Team
eToro vs Nutmeg
What sets them apart
| Compare |  eToro |  Nutmeg |
|---|---|---|
| Stock trade fee | $0 | £0 |
| Markets | Stocks, ETFs, Forex, CFDs, Crypto, Futures | ETFs, Funds, Stocks, Bonds |
| Regulators | Cyprus Securities and Exchange Commission (CySEC), SIPC | Financial Conduct Authority |
| Investor protection | EU ICS up to EUR 20,000 | FSCS up to GBP 85,000 |
| Account types | ISA | ISA, SIPPCovers more |
| Minimum deposit | Not confirmed | £500 |
| Account fee | $0 | Not confirmed |
| Deposit and withdrawal fees | Not confirmed | no set-up, trading or exit fees |
| Platforms | Not confirmed | Web, Mobile app |
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Key differences
- Regulators: only eToro offers Cyprus Securities and Exchange Commission (CySEC), SIPC.
- Regulators: only Nutmeg offers Financial Conduct Authority.
- Founded is lower at eToro: 2007 vs 2012.
- eToro is licensed in 1 more country.
- Markets: only eToro offers Forex, CFDs, Crypto.
- Markets: only Nutmeg offers Funds, Bonds.
- Account types: only Nutmeg offers SIPP.
- Support channels: only Nutmeg offers Email, Chat, Phone.
- Features: only eToro offers Crypto, Demo account, Fractional shares.
Our verdict on each
eToro
eToro suits readers who want to hold shares, ETFs, crypto, forex and CFDs in one app without paying commission on trades. Costs look light on the standard account, with a stock trade fee of $0 and account fee of $0, though the account fee applies to the virtual portfolio rather than every standard account.
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 | eToro | Nutmeg |
|---|---|---|
| Cost | 9.3HigherCommission-free pricing with a stock trade fee of $0 and account fee of $0, but currency conversion on non-USD balances sits outside that headline. | 9.0Management fees of 0.25% to 0.75% run above the robo-adviser median of 0.35%, and the entry floor is high. |
| Offer | 8.8 | 9.6Higher |
| Trust | 9.3Higher | 9.1 |
Availability and regulation
| Country | eToro | Nutmeg |
|---|---|---|
| Cyprus | Cyprus Securities and Exchange Commission (CySEC) MiCA CASP 213800GIFQMSV7HROS23 | Not confirmed |
| United Kingdom | Not confirmed | Financial Conduct Authority 552016 |
| United States | SIPC SIPC member 70212 | Not confirmed |
Where they rank in our lists
| Ranking | eToro | Nutmeg |
|---|---|---|
| Stock and ETF brokers | 6 of 471 | 101 of 471 |
| Robo-advisors | 2 of 151 | 32 of 151 |
Which one suits you
Pick eToro if cost matter most.
Pick Nutmeg if offer and account types matter most.
Sources behind this comparison
eToro
- etoro.com: 9 facts, checked September 26, 2026
- esma.europa.eu: 4 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
Every fact side by side
| Fact | eToro | Nutmeg |
|---|---|---|
| Features | Crypto, Demo account, Fractional shares, Copy trading, Mobile appCovers more | Mobile app |
| Pricing model | Commission free | Commission free |
| Audience | Beginners | Not confirmed |
| Legal entity | eToro (Europe) Ltd | J.P. Morgan Personal Investing Limited |
| Headquarters | Cyprus | United Kingdom |
| Founded | 2007Lower | 2012 |
| Support channels | Help centre | Email, Chat, Phone, Help centreCovers more |
Robo-advisors
| Fact | eToro | Nutmeg |
|---|---|---|
| Management fee | 0%Lower | 0.25% to 0.75% |
| Minimum investment | $500 | £100 to £500 |
| Portfolio types | ETF, ESG, Cash, CryptoCovers more | ETF, ESG, Cash |
Where each stands against the rest
| Fact | eToro | Nutmeg | Median |
|---|---|---|---|
| Minimum deposit | Not confirmed | £500highest quarter | £20 |
| Account fee | $0at the median | Not confirmed | $0 |
Median across 52 listed brokers.
Pros and cons
eToro
Pros
- No commission on share dealing: stock trade fees are $0
- No account fee on the standard dealing account: $0
- Regulated in Cyprus by the Cyprus Securities and Exchange Commission, and a SIPC member in the US
Cons
- A separate management fee of 0% applies to the managed portfolio service, so headline dealing costs are not the whole bill
- Support runs on help centre only, so there is no stated phone or live chat route for account problems
- The same commission-free model at XTB comes with a stated stock trade fee of €0, so commission alone does not separate the two
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
eToro
Who it suits
- Beginners who want commission-free share dealing plus fractional shares
- Readers who want stocks, ETFs, crypto, forex and CFDs in one place
- Anyone saving in a currency other than US dollars who wants to watch the cost of conversion
Who should look elsewhere
- Readers who want a stated phone or live chat support channel, since support runs on help centre
- Day traders who judge a broker on spreads alone, as no spread figure is listed
- Anyone wanting managed portfolios at no cost, since the management fee is 0%
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 | eToro | Nutmeg |
|---|---|---|
| United Kingdom | No | Yes |
Questions about each
eToro
What does it cost to buy shares with eToro?+
The stock trade fee is $0, and the account fee is $0. Both sit at the low end of the market, and eToro is ranked at 1 on trade fees and 1 on account fees among the brands compared here. Currency conversion can still apply if your balance is not in the account currency.
Is there an account fee on the standard eToro account?+
The account fee is $0 for the standard dealing account, which is why eToro places at 1 out of 138 brands on that measure. The managed portfolio service is charged differently, at a management fee of 0%, so treat the dealing and portfolio costs as two separate lines.
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.
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