Firstrade vs Nutmeg - BrokerCue
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Broker Comparison

Firstrade vs Nutmeg

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

Firstrade

Firstrade

Cost-conscious US stock, ETF and options traders

Firstrade is a US online broker with $0 online trades for stocks, ETFs, options and mutual funds, plus mobile…

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

Firstrade vs Nutmeg
Feature Firstrade Nutmeg
Minimum deposit $0 -
Stock trading fee $0 commission -
Regulators FINRA FCA
Best for Cost-conscious US stock, ETF and options traders Hands-off UK portfolio investors
Markets & account
Stocks
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ETFs
Bonds
-
Options
-
Funds
-
Margin
-
Investment Plans
-
Ready Made Portfolios
-
Isa
-

Pros & cons

Firstrade

Firstrade

Pros

  • $0 online trades for stocks, ETFs, options and mutual funds
  • $0 options contract, exercise and assignment fees
  • No deposit minimum and no inactivity fees
  • Overnight trading from 8 PM to 4 AM ET on 1,200+ securities
  • Options Wizard includes 40+ strategies and P&L simulations
  • ACATS transfer fee rebate up to $250 on qualifying transfers
  • Excess protection can raise coverage to $37.5 million per customer

Cons

  • Broker-assisted stock and ETF trades cost $19.95
  • Broker-assisted options cost $19.95+$0.50/contract
  • Mutual fund shares sold within 90 days can cost $19.95
  • Redemptions below $500 can incur a $19.95 fee
  • Primary Market CDs cost $30
  • Overnight trades must use limit orders only
  • ACH transfers require a U.S. financial institution
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
Firstrade

Firstrade

Firstrade is a US online broker with $0 online trades for stocks, ETFs, options and mutual funds, plus mobile apps and overnight stock and ETF trading.

Visit Firstrade 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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