Updated September 28, 2026 · BrokerCue Editorial Team
Nutmeg vs quirion
What sets them apart
| Compare |  Nutmeg |  quirion |
|---|---|---|
| Management fee | 0.25% to 0.75%Lower | 0.48% |
| Minimum investment | £100 to £500 | €0 |
| Regulators | Financial Conduct Authority | Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) |
| Investor protection | FSCS up to GBP 85,000 | EU ICS up to EUR 20,000 |
| Account types | ISA, SIPP | Joint |
Same on both: Portfolio types (ETF, ESG, Cash).
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Key differences
- Regulators: only Nutmeg offers Financial Conduct Authority.
- Regulators: only quirion offers Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin).
- Founded is lower at Nutmeg: 2012 vs 2013.
- Management fee is lower at Nutmeg: 0.25% to 0.75% vs 0.48%.
- Account types: only Nutmeg offers ISA, SIPP.
- Account types: only quirion offers Joint.
Our verdict on each
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.
quirion
quirion suits German and European savers who want a ready-made portfolio, with regulation by Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and money held under the EU investor compensation scheme. A minimum investment of €0 makes it easy to begin, though the ongoing fee is higher than at some rivals.
Score breakdown
| Area | Nutmeg | quirion |
|---|---|---|
| Cost | 9.0Management fees of 0.25% to 0.75% run above the robo-adviser median of 0.35%, and the entry floor is high. | 9.4HigherManagement fee of 0.48% with a minimum investment of €0 and no charge on deposits or withdrawals. |
| Offer | 9.6Higher | 9.2 |
| Trust | 9.1Higher | 9.0 |
What each covers
| Portfolio types | Nutmeg | quirion |
|---|---|---|
| ETF | Yes | Yes |
| ESG | Yes | Yes |
| Cash | Yes | Yes |
| Account types | Nutmeg | quirion |
|---|---|---|
| ISA | Yes | No |
| SIPP | Yes | No |
| Joint | No | Yes |
The bill, worked out
10,000 invested for a year
Nutmeg
25 to 75
0.25% to 0.75% of 10,000
quirion
48
0.48% of 10,000
Nutmeg comes out 23 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.
Where they rank in our lists
| Ranking | Nutmeg | quirion |
|---|---|---|
| Stock and ETF brokers | 101 of 471 | 102 of 471 |
| Robo-advisors | 32 of 151 | 33 of 151 |
What we checked
Nutmeg
- nutmeg.com: 8 facts, checked September 26, 2026
- register.fca.org.uk: 2 facts, checked September 26, 2026
quirion
- quirion.de: 8 facts, checked September 26, 2026
- bafin.de: 2 facts, checked September 26, 2026
Every fact side by side
| Fact | Nutmeg | quirion |
|---|---|---|
| Legal entity | J.P. Morgan Personal Investing Limited | quirion AG |
| Headquarters | United Kingdom | Germany |
| Founded | 2012Lower | 2013 |
| Support channels | Email, Chat, Phone, Help centre | Email, Chat, Phone, Help centre |
Brokers
| Fact | Nutmeg | quirion |
|---|---|---|
| Minimum deposit | £500 | €25 |
| Stock trade fee | £0 | Not confirmed |
| Markets | ETFs, Funds, Stocks, BondsCovers more | ETFs, Funds |
| Features | Mobile app | Mobile app |
| Pricing model | Commission free | Not confirmed |
| Deposit and withdrawal fees | no set-up, trading or exit fees | free deposits and withdrawals |
| Platforms | Web, Mobile app | Not confirmed |
Where each stands against the rest
| Fact | Nutmeg | quirion | Median |
|---|---|---|---|
| Management fee | 0.25% to 0.75%below the median | 0.48%above the median | 0.345 |
Median across 86 listed brokers.
Pros and cons
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.
quirion
Pros
- Regulated by Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), with money held under the EU investor compensation scheme up to the limit that scheme states
- Portfolio types cover etf, esg and cash, so a cash option sits alongside the ETF and ESG portfolios
- Support runs on email, chat and phone, and a mobile app covers the everyday account tasks
Cons
- The management fee of 0.48% is above the robo-advisor median of 0.35%, so the gap grows with the balance
- Investing covers etfs and funds only, so there is nothing here for readers who want to deal in individual shares
Who each suits
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.
quirion
Who it suits
- First-time investors who would rather not choose funds and ETFs themselves
- German and European savers who want a regulated provider with a joint account option
- People who want part of their money in a cash portfolio and the rest managed
Who should look elsewhere
- Readers who want to deal in individual shares: quirion covers etfs and funds, so eToro is the closer fit for self-directed trading
- Readers who prefer to commit a larger sum from the start: Axos Invest asks for a minimum investment of $100, against €0 here
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
quirion
Current offer
Bonus
Studierendendepot: 50 EUR bonus for your first ETF portfolio: 50 EUR
For students, campaign runs until 16.11.2026
Source, checked September 26, 2026
Country by country
| Country | Nutmeg | quirion |
|---|---|---|
| Germany | No | Yes |
| United Kingdom | Yes | No |
Questions about each
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.
quirion
What does quirion cost?+
The management fee is 0.48%, taken on the portfolio rather than per trade. Deposits and withdrawals carry no charge, and support comes through email, chat and phone. The fee sits above the robo-advisor median of 0.35%, so a large balance costs more than it would at a lower-fee rival.
Is quirion regulated, and what happens to my money if the firm fails?+
quirion is regulated by Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), the German financial supervisor, so it operates under supervision rather than as an informal saving scheme. Money with quirion is covered by the EU investor compensation scheme up to the limit that scheme states. That protection concerns the firm failing, not the market moving against a portfolio.
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