Updated September 29, 2026 · BrokerCue Editorial Team
Kraken vs Nutmeg
Kraken vs Nutmeg: the differences
| Compare |  Kraken |  Nutmeg |
|---|---|---|
| Minimum deposit | $1 | £500 |
| Stock trade fee | $0 | £0 |
| Markets | Stocks, ETFs, Forex, Crypto, Futures | ETFs, Funds, Stocks, Bonds |
| Regulators | Central Bank of Ireland, Cyprus Securities and Exchange Commission, Financial Conduct Authority, Financial Crimes Enforcement Network, Central Bank of Ireland (CBI)Covers more | Financial Conduct Authority |
| Investor protection | EU ICS up to EUR 20,000 | FSCS up to GBP 85,000 |
| Deposit and withdrawal fees | Free bank deposits, card 3.75% + 0.25 | no set-up, trading or exit fees |
| Platforms | Kraken App, Kraken Pro, Kraken Desktop, Kraken Wallet | Web, Mobile app |
| Account types | Not confirmed | ISA, SIPP |
| Maximum retail leverage | Up to 10x | Not confirmed |
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Key differences
- Regulators: only Kraken offers Central Bank of Ireland, Cyprus Securities and Exchange Commission, Financial Crimes Enforcement Network.
- Kraken is licensed in 1 more country.
- Markets: only Kraken offers Forex, Crypto, Futures.
- Markets: only Nutmeg offers Funds, Bonds.
- Platforms: only Kraken offers Kraken App, Kraken Pro, Kraken Desktop.
- Platforms: only Nutmeg offers Web, Mobile app.
- Features: only Kraken offers Crypto.
Our verdict on each
Kraken
Kraken suits beginners and experienced investors who want stocks, ETFs and crypto together through app and desktop access. Stock dealing is priced at $0 with entry at $1 and funding terms shown as Free bank deposits, card 3.75% + 0.25 for cost planning across small balance accounts.
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 | Kraken | Nutmeg |
|---|---|---|
| Cost | 9.3HigherStock dealing is priced at $0 with entry at $1. | 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 | 9.0Coverage spans stocks, ETFs and forex accessed through Kraken App, Kraken Pro and Kraken Desktop. | 9.6Higher |
| Trust | 9.3HigherRegisters cite 1010381 and 31000270997766. | 9.1 |
Licences and countries
| Country | Kraken | Nutmeg |
|---|---|---|
| Ireland | Central Bank of Ireland (CBI) MiCA CASP 9845003D98SCC2851458 IE_CBI PSD_EMI IE_CBI!C453020 | Not confirmed |
| United Kingdom | Not confirmed | Financial Conduct Authority 552016 |
| United States | SIPC SIPC member 71030 | Not confirmed |
Which one suits you
Pick Kraken if cost and regulators matter most.
Pick Nutmeg if offer matter most.
How they place
| Ranking | Kraken | Nutmeg |
|---|---|---|
| Stock and ETF brokers | 16 of 471 | 101 of 471 |
Feature by feature
| Markets | Kraken | Nutmeg |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | No |
| Futures | Yes | No |
| Crypto | Yes | No |
| Bonds | No | Yes |
| Funds | No | Yes |
Sources behind this comparison
Kraken
- kraken.com: 9 facts, checked September 28, 2026
- support.kraken.com: 2 facts, checked September 28, 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 | Kraken | Nutmeg |
|---|---|---|
| Features | Crypto, Mobile appCovers more | Mobile app |
| Pricing model | Commission free | Commission free |
| Audience | Beginners, Experienced | Not confirmed |
| Legal entity | Not confirmed | J.P. Morgan Personal Investing Limited |
| Headquarters | Not confirmed | United Kingdom |
| Founded | Not confirmed | 2012 |
| Support channels | Not confirmed | Email, Chat, Phone, Help centre |
Pros and cons
Kraken
Pros
- Stock trades priced at $0 within a model shown as commission free.
- Entry at $1, below $50 at eToro for smaller starting balances.
- Coverage spans stocks, ETFs and forex, pairing stocks and ETFs with crypto and futures.
Cons
- Support runs on help centre only, without phone or live chat help found at many rivals.
- Card funding terms run Free bank deposits, card 3.75% + 0.25, which adds cost next to bank transfer options.
- Entry at $1 sits above $0 at ActivTrades and €0 at XTB for tight budgets.
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
Kraken
Who it suits
- You want stocks plus crypto in stocks, ETFs and forex in a single login rather than an equity only account at XTB.
- You want app led dealing through Kraken App, Kraken Pro and Kraken Desktop with modest entry at $1 rather than higher entry at eToro at $50.
Who should look elsewhere
- You want phone or chat help rather than help centre only, consider XTB or ActivTrades for wider contact choice.
- You want the lowest cash entry rather than $1, consider ActivTrades at $0 or XTB at €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 | Kraken | Nutmeg |
|---|---|---|
| United Kingdom | No | Yes |
Questions about each
Kraken
What does Kraken charge for stock trades+
Stock dealing is priced at $0 and Kraken describes its model as commission free. Bank funding is framed separately as Free bank deposits, card 3.75% + 0.25, so card use adds cost while bank transfer terms remain distinct. Check the fee schedule before placing orders.
What is the minimum deposit to open an account+
Account entry is set at $1. That level sits below $50 at eToro, yet above $0 at ActivTrades and €0 at XTB. It keeps starting balances modest while leaving room for funding charges.
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.
Other options to compare
Other matchups
- Kraken vs Nexo
- Kraken vs Afranga
- Kraken vs Nectaro
- Kraken vs Trading 212
- Kraken vs Interactive Brokers
- Kraken vs Charles Schwab
- Kraken vs Zerodha
- Kraken vs Fidelity
- Kraken vs SoFi
- Kraken vs quantfury
- Kraken vs Webull
- Kraken vs PU Prime
- Kraken vs Wealthfront
- Kraken vs OANDA
- Kraken vs Markets.com
- Kraken vs Vantage
- Kraken vs tastytrade
- Kraken vs IC Markets
- Kraken vs IG
- Kraken vs ActivTrades
- Kraken vs DKB (Deutsche Kreditbank)
- Kraken vs XTB
- Nutmeg vs NAGA
- Nutmeg vs eToro
- Kraken vs bunq
- Kraken vs Mintos
- Kraken vs Bitpanda
- Kraken vs Robinhood
- Nutmeg vs Empower Personal Dashboard