Updated September 28, 2026 · BrokerCue Editorial Team
InvestEngine vs Nutmeg
Where InvestEngine and Nutmeg differ
| Compare |  InvestEngine |  Nutmeg |
|---|---|---|
| Minimum deposit | £100Lower | £500 |
| Markets | ETFs | ETFs, Funds, Stocks, BondsCovers more |
| Regulators | Financial Conduct Authority (FCA) | Financial Conduct Authority |
| Deposit and withdrawal fees | Free | no set-up, trading or exit fees |
| Platforms | Web, iOS, Android | Web, Mobile app |
| Account types | ISA, SIPP, CorporateCovers more | ISA, SIPP |
| Account fee | £0 | Not confirmed |
| Interest on cash | 0% | Not confirmed |
Same on both: Stock trade fee (£0), Investor protection (FSCS up to GBP 85,000).
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Key differences
- Nutmeg scores higher overall: 9.2 vs 8.7.
- Regulators: only InvestEngine offers Financial Conduct Authority (FCA).
- Regulators: only Nutmeg offers Financial Conduct Authority.
- Founded is lower at Nutmeg: 2012 vs 2019.
- Minimum deposit is lower at InvestEngine: £100 vs £500.
- Markets: only Nutmeg offers Funds, Stocks, Bonds.
- Platforms: only InvestEngine offers iOS, Android.
- Platforms: only Nutmeg offers Mobile app.
- Account types: only InvestEngine offers Corporate.
- Support channels: only Nutmeg offers Chat, Phone.
Our verdict on each
InvestEngine
InvestEngine suits beginners who want their money spread across ETFs without picking shares themselves. Costs stay thin: an account fee of £0, a stock trade fee of £0 and a single portfolio management charge of 0.25%, with deposits and withdrawals free.
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 | InvestEngine | Nutmeg |
|---|---|---|
| Cost | 9.0 | 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 | 8.8The isa, sipp and corporate account range wraps one ETF plan for savers and firms alike. | 9.6Higher |
| Trust | 8.4 | 9.1Higher |
Pick InvestEngine if, pick Nutmeg if
Pick InvestEngine if minimum deposit and account types matter most.
Pick Nutmeg if offer, trust, and markets matter most.
Where each is licensed and available
| Country | InvestEngine | Nutmeg |
|---|---|---|
| United Kingdom | Financial Conduct Authority 552016 |
Available in 1 country for both.
Feature by feature
| Markets | InvestEngine | Nutmeg |
|---|---|---|
| Stocks | No | Yes |
| ETFs | Yes | Yes |
| Bonds | No | Yes |
| Funds | No | Yes |
| Account types | InvestEngine | Nutmeg |
|---|---|---|
| ISA | Yes | Yes |
| SIPP | Yes | Yes |
| Corporate | Yes | No |
A third option
Capital.com has minimum deposit at £20, against £100 for InvestEngine and £500 for Nutmeg.
Capital.com reviewHow they place
| Ranking | InvestEngine | Nutmeg |
|---|---|---|
| Stock and ETF brokers | 187 of 490 | 92 of 490 |
| Investment platforms and apps | 41 of 85 | 20 of 85 |
| Robo-advisors | 83 of 153 | 31 of 153 |
| Stocks and shares ISA providers | 13 of 21 | 3 of 21 |
| SIPP providers | 12 of 22 | 3 of 22 |
Every fact side by side
| Fact | InvestEngine | Nutmeg |
|---|---|---|
| Features | Fractional shares, Mobile appCovers more | Mobile app |
| Pricing model | Commission free | Commission free |
| Audience | Beginners | Not confirmed |
| Legal entity | InvestEngine (UK) Limited | J.P. Morgan Personal Investing Limited |
| Headquarters | United Kingdom | United Kingdom |
| Founded | 2019 | 2012Lower |
| Support channels | Email, Help centre | Email, Chat, Phone, Help centreCovers more |
Robo-advisors
| Fact | InvestEngine | Nutmeg |
|---|---|---|
| Management fee | 0.25% | 0.25% to 0.75% |
| Minimum investment | £1Lower | £100 to £500 |
| Portfolio types | ETF | ETF, ESG, CashCovers more |
Where each stands against the rest
| Fact | InvestEngine | Nutmeg | Median |
|---|---|---|---|
| Minimum deposit | £100above the median | £500highest quarter | £25 |
| Stock trade fee | £0at the median | £0at the median | £0 |
| Account fee | £0at the median | Not confirmed | £0 |
| Interest on cash | 0%lowest quarter | Not confirmed | 3% |
Median across 34 listed brokers.
Pros and cons
InvestEngine
Pros
- An account fee of £0 and a stock trade fee of £0 leave almost nothing to pay for holding or trading.
- Investor protection is FSCS up to GBP 85,000, with the platform regulated by the Financial Conduct Authority.
- The platform list covers Web, iOS and Android, and fractional shares make small regular buys work.
Cons
- Shares are not among its markets (etfs), so the range stays on funds rather than a general dealing list.
- Support runs on email and help centre, with no phone number for urgent account questions.
- Cash waiting to be invested earns 0%.
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
InvestEngine
Who it suits
- Beginners who want a curated portfolio and can start from a minimum investment of £1.
- ISA and SIPP holders in the UK who would rather not pay an account fee.
- Investors who only need help by email and are happy to stay inside a single asset class.
Who should look elsewhere
- CFI, for anyone who wants to open with a minimum deposit of $0 rather than £100.
- Vantage, for anyone who wants a smaller entry point, since its minimum deposit is $5.
- eToro, for traders who want share dealing, because shares are not among its markets (etfs).
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 | InvestEngine | Nutmeg |
|---|---|---|
| United Kingdom | Yes | Yes |
Questions about each
InvestEngine
What does it cost to hold an InvestEngine account?+
The account fee is £0 and a stock trade costs £0, so buying and holding leaves most of the pot intact. The only ongoing charge is the portfolio management fee of 0.25%, which is taken on the portfolio rather than per trade. Cash left uninvested earns 0%.
Is my money protected if the platform fails?+
The Financial Conduct Authority is the regulator named on the licence, and the platform states investor protection of FSCS up to GBP 85,000. The account is run by InvestEngine (UK) Limited, a UK company, so UK rules and the protection scheme both apply to the account.
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.