Interactive Brokers vs Nutmeg - BrokerCue
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Broker Comparison

Interactive Brokers vs Nutmeg

Compare Interactive Brokers and Nutmeg side by side: fees, regulation, platforms.

Interactive Brokers

Interactive Brokers

Active investors and multi-asset traders

Interactive Brokers is a multi-asset broker with stocks, ETFs, options, futures, currencies, bonds, funds and…

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

Interactive Brokers vs Nutmeg
Feature Interactive Brokers Nutmeg
Minimum deposit - -
Stock trading fee - -
Regulators SEC, CFTC, FINRA, FCA, CBI, ASIC, SEBI, MAS, CIRO FCA
Best for Active investors and multi-asset traders Hands-off UK portfolio investors
Markets & account
Stocks
-
ETFs
Forex
-
Crypto
-
Bonds
-
Options
-
Futures
-
Funds
-
Fractional Shares
-
Investment Plans
-
Margin
-
Multi Currency
-
Demo Account
-
Ready Made Portfolios
-
Isa
-

Pros & cons

Interactive Brokers

Interactive Brokers

Pros

  • $0 Lite commissions on US stocks and ETFs
  • IBKR Pro stocks from USD 0.0005 per share
  • US options from USD 0.15 per contract
  • Margin loans start at USD 4.14%
  • Cash interest up to USD 3.14%
  • No inactivity fees
  • No minimums for general investment accounts
  • Paper trading with simulated funds

Cons

  • IBKR Pro stocks cost up to USD 0.0035 per share
  • IBKR Lite stock orders include PFOF
  • US options cost up to USD 0.65 per contract
  • Crypto execution and custody are for eligible clients
  • Forecast contracts are limited to eligible clients
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
Interactive Brokers

Interactive Brokers

Interactive Brokers is a multi-asset broker with stocks, ETFs, options, futures, currencies, bonds, funds and crypto across web, mobile and desktop platforms.

Visit Interactive Brokers 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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