Updated September 28, 2026 · BrokerCue Editorial Team
growney vs Nutmeg
What sets them apart
| Compare |  growney |  Nutmeg |
|---|---|---|
| Management fee | 0.38% to 0.68% | 0.25% to 0.75%Lower |
| Minimum investment | €25 | £100 to £500 |
| Regulators | Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), Deutsche Bundesbank | Financial Conduct Authority |
| Investor protection | EU ICS up to EUR 20,000 | FSCS up to GBP 85,000 |
| Account types | Joint, Corporate | ISA, SIPP |
Same on both: Portfolio types (ETF, ESG, Cash).
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Key differences
- growney scores higher overall: 9.3 vs 9.2.
- Regulators: only growney offers Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), Deutsche Bundesbank.
- Regulators: only Nutmeg offers Financial Conduct Authority.
- Founded is lower at Nutmeg: 2012 vs 2014.
- Management fee is lower at Nutmeg: 0.25% to 0.75% vs 0.38% to 0.68%.
- Account types: only growney offers Joint, Corporate.
- Account types: only Nutmeg offers ISA, SIPP.
Our verdict on each
growney
growney suits beginners in Germany who want savings and a managed portfolio under one roof, with joint and corporate accounts offered alongside ETF, ESG and cash portfolios. Entry starts at €25, and cash is offered at 2.25%, so a saver can begin small.
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 | growney | Nutmeg |
|---|---|---|
| Cost | 8.9Management fee of 0.38% to 0.68% a year against a robo-advisor median of 0.35%, with deposits and withdrawals free. | 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 | 9.6 | 9.6 |
| Trust | 9.4Higher | 9.1 |
Cost in a real example
10,000 invested for a year
growney
38 to 68
0.38% to 0.68% of 10,000
Nutmeg
25 to 75
0.25% to 0.75% of 10,000
Nutmeg comes out 13 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
Feature by feature
| Portfolio types | growney | Nutmeg |
|---|---|---|
| ETF | Yes | Yes |
| ESG | Yes | Yes |
| Cash | Yes | Yes |
| Account types | growney | Nutmeg |
|---|---|---|
| ISA | No | Yes |
| SIPP | No | Yes |
| Joint | Yes | No |
| Corporate | Yes | No |
Sources behind this comparison
growney
- growney.de: 10 facts, checked September 26, 2026
Nutmeg
- nutmeg.com: 8 facts, checked September 26, 2026
- register.fca.org.uk: 2 facts, checked September 26, 2026
How they place
| Ranking | growney | Nutmeg |
|---|---|---|
| Stock and ETF brokers | 70 of 471 | 101 of 471 |
| Robo-advisors | 18 of 151 | 32 of 151 |
Every fact side by side
| Fact | growney | Nutmeg |
|---|---|---|
| Legal entity | growney GmbH | J.P. Morgan Personal Investing Limited |
| Headquarters | Germany | United Kingdom |
| Founded | 2014 | 2012Lower |
| Support channels | Phone, Chat, Email, Help centre | Email, Chat, Phone, Help centre |
Brokers
| Fact | growney | Nutmeg |
|---|---|---|
| Minimum deposit | Not confirmed | £500 |
| Stock trade fee | Not confirmed | £0 |
| Markets | ETFs, Funds | ETFs, Funds, Stocks, BondsCovers more |
| Features | Not confirmed | Mobile app |
| Pricing model | Not confirmed | Commission free |
| Audience | Beginners | Not confirmed |
| Deposit and withdrawal fees | Tages- und Festgeld kostenlos | no set-up, trading or exit fees |
| Platforms | Not confirmed | Web, Mobile app |
| Interest on cash | 2.25% | Not confirmed |
Where each stands against the rest
| Fact | growney | Nutmeg | Median |
|---|---|---|---|
| Management fee | 0.38% to 0.68%above the median | 0.25% to 0.75%below the median | 0.35 |
Median across 87 listed brokers.
Pros and cons
growney
Pros
- Day and fixed-term deposits carry no deposit or withdrawal charge.
- German supervision through BaFin and the Deutsche Bundesbank, with protection at EU ICS up to EUR 20,000.
- Help runs on phone, chat and email, so a first-time investor has several routes to an answer.
Cons
- The management fee of 0.38% to 0.68% a year is the main ongoing cost, sitting above providers charging 0%.
- Instruments run to etfs and funds, so there is no direct share dealing here.
- Account types are limited to joint and corporate.
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
growney
Who it suits
- Beginners in Germany who want savings and a managed portfolio without choosing holdings themselves.
- Couples and companies, since joint and corporate accounts are supported.
- Anyone who wants day and fixed-term deposits alongside an invested plan.
Who should look elsewhere
- Not eToro, which charges 0% in management fees and suits people who place trades themselves.
- Not Axos Invest, whose minimum starts at $100 against €25 here.
- Not Vivid Standard, where plans run at 0.5% to 1.5% a year against 0.38% to 0.68% here.
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 | growney | Nutmeg |
|---|---|---|
| Germany | Yes | No |
| United Kingdom | No | Yes |
Questions about each
growney
What does growney charge to manage my money?+
growney takes a management fee of 0.38% to 0.68% a year on the portfolio it runs. That is the main ongoing cost, and it sits in the middle of the robo-advisor range, where the upper quartile reaches 0.6%. Day and fixed-term deposits add no deposit or withdrawal charge.
How much do I need to start with growney?+
The minimum investment is €25, below the robo-advisor median of €60.06. A low entry suits a beginner trying a managed approach, and it makes it easy to hold a small portfolio while the rest of the money sits in savings.
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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