Updated September 29, 2026 · BrokerCue Editorial Team
NAGA vs Nutmeg
Where NAGA and Nutmeg differ
| Compare |  NAGA |  Nutmeg |
|---|---|---|
| Minimum deposit | €50 | £500 |
| Stock trade fee | €3 | £0 |
| Markets | Stocks, ETFs, Forex, CFDs, Futures, Crypto | ETFs, Funds, Stocks, Bonds |
| Regulators | Cyprus Securities and Exchange Commission | Financial Conduct Authority |
| Investor protection | EU ICS up to EUR 20,000 | FSCS up to GBP 85,000 |
| Deposit and withdrawal fees | No withdrawal fee | no set-up, trading or exit fees |
| Platforms | iOS, Android, Web, MetaTrader 5 | Web, Mobile app |
| Retail accounts that lose money | 70.45% | Not confirmed |
| Account types | Not confirmed | ISA, SIPP |
| Interest on cash | 2.4% | Not confirmed |
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Key differences
- Nutmeg scores higher overall: 9.2 vs 8.7.
- Regulators: only NAGA offers Cyprus Securities and Exchange Commission.
- Regulators: only Nutmeg offers Financial Conduct Authority.
- NAGA is available in 29 more countries.
- Markets: only NAGA offers Forex, CFDs, Futures.
- Markets: only Nutmeg offers Funds, Bonds.
- Platforms: only NAGA offers iOS, Android, MetaTrader 5.
- Platforms: only Nutmeg offers Mobile app.
- Features: only NAGA offers Crypto, Copy trading.
Our verdict on each
NAGA
NAGA suits mobile copy traders who want stocks, ETFs, forex, CFDs, futures and crypto alongside social features in the same app. Opening starts at €50, while stock trades carry €3, so active share buyers should weigh costs against broader choice.
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 | NAGA | Nutmeg |
|---|---|---|
| Cost | 8.5Stock trades cost €3; withdrawals show No withdrawal fee. | 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 | 9.1Coverage spans stocks, ETFs and forex via iOS, Android and Web for desktop plus mobile. | 9.6Higher |
| Trust | 8.5Cover sits at EU ICS up to EUR 20,000 under Cyprus oversight. | 9.1Higher |
What each covers
| Markets | NAGA | Nutmeg |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | No |
| CFDs | Yes | No |
| Futures | Yes | No |
| Crypto | Yes | No |
| Bonds | No | Yes |
| Funds | No | Yes |
Where these facts come from
NAGA
- naga.com: 5 facts, checked September 28, 2026
- nagamarkets.zendesk.com: 5 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
How they place
| Ranking | NAGA | Nutmeg |
|---|---|---|
| Stock and ETF brokers | 4 of 471 | 101 of 471 |
Every fact side by side
| Fact | NAGA | Nutmeg |
|---|---|---|
| Features | Crypto, Copy trading, Mobile appCovers more | Mobile app |
| Pricing model | Not confirmed | Commission free |
| 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 |
Where each stands against the rest
| Fact | NAGA | Nutmeg | Median |
|---|---|---|---|
| Retail accounts that lose money | 70.45%below the median | Not confirmed | 72.05% |
| Interest on cash | 2.4%below the median | Not confirmed | 3% |
Median across 47 listed brokers.
Pros and cons
NAGA
Pros
- Access stocks, ETFs and forex under a single login, covering shares through crypto for varied strategies.
- Trade via iOS, Android and Web, with MetaTrader 5 plus mobile apps for flexible order management.
- Withdrawals show No withdrawal fee, helped by No withdrawal fee for cost clarity.
Cons
- Stock trade fee sits at €3, which can weigh on frequent share buyers versus lower fee rivals.
- Support runs on help centre only, so help stays inside help centre without live chat or phone.
- Entry starts at €50, above ActivTrades at $0 for very small starters.
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
NAGA
Who it suits
- Social traders who follow others and want futures plus crypto alongside shares may prefer NAGA over eToro.
- Mobile led investors starting at €50 who accept €3 may prefer NAGA over ActivTrades.
Who should look elsewhere
- Cost sensitive share buyers who want lower ticket fees than €3 may prefer XTB.
- Traders wanting phone or live chat beyond help centre may prefer ActivTrades.
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 | NAGA | Nutmeg |
|---|---|---|
| Austria | Yes | No |
| Belgium | Yes | No |
| Bulgaria | Yes | No |
| Croatia | Yes | No |
| Cyprus | Yes | No |
| Czechia | Yes | No |
| Denmark | Yes | No |
| Estonia | Yes | No |
8 of 31 countries where either is available.
Questions about each
NAGA
What does NAGA charge for stock trades and withdrawals?+
Stock orders carry €3 per trade, and funding shows No withdrawal fee for withdrawals. Share buyers who trade often should compare that ticket charge with rivals before committing, as frequent dealing lifts total cost over time.
What is the minimum deposit to open a NAGA account?+
Trading can start at €50, which keeps entry modest for newcomers testing markets. Withdrawals show No withdrawal fee, so moving funds out does not add a separate withdrawal charge under current terms.
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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