Updated September 29, 2026 · BrokerCue Editorial Team
Nutmeg vs Scalable Capital
Nutmeg vs Scalable Capital: the differences
| Compare |  Nutmeg |  Scalable Capital |
|---|---|---|
| Management fee | 0.25% to 0.75% | 0.245% to 0.375%Lower |
| Minimum investment | £100 to £500 | €20 |
| Regulators | Financial Conduct Authority | Federal Financial Supervisory Authority (BaFin) |
| Investor protection | FSCS up to GBP 85,000 | EU ICS up to EUR 20,000 |
| Portfolio types | ETF, ESG, CashCovers more | ETF, ESG |
| Account types | ISA, SIPP | Not confirmed |
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Key differences
- Nutmeg scores higher overall: 9.2 vs 9.0.
- Regulators: only Nutmeg offers Financial Conduct Authority.
- Regulators: only Scalable Capital offers Federal Financial Supervisory Authority (BaFin).
- Founded is lower at Nutmeg: 2012 vs 2014.
- Management fee is lower at Scalable Capital: 0.245% to 0.375% vs 0.25% to 0.75%.
- Portfolio types: only Nutmeg offers Cash.
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.
Scalable Capital
Scalable Capital suits investors who want to start small and later hand a pot of money to a managed portfolio. The self-directed account takes a minimum deposit of €1, while the managed plan starts from €20 with fees of 0.245% to 0.375% a year.
Score breakdown
| Area | Nutmeg | Scalable Capital |
|---|---|---|
| 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. | 9.3Higher |
| Offer | 9.6Higher | 9.3Cash interest of 2.6%, a mobile app, and managed portfolios across etf and esg options. |
| Trust | 9.1Higher | 8.6 |
Which one suits you
Pick Nutmeg if offer, trust, and portfolio types matter most.
Pick Scalable Capital if cost and management fee matter most.
Ranges side by side
| Fact | Nutmeg | Scalable Capital |
|---|---|---|
| Management fee | 0.25% to 0.75% | 0.245% to 0.375% |
The bill, worked out
10,000 invested for a year
Nutmeg
25 to 75
0.25% to 0.75% of 10,000
Scalable Capital
24.5 to 37.5
0.245% to 0.375% of 10,000
Scalable Capital comes out 0.5 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.
A third option
eToro has management fee at 0%, against 0.25% to 0.75% for Nutmeg and 0.245% to 0.375% for Scalable Capital.
eToro reviewSources behind this comparison
Nutmeg
- nutmeg.com: 8 facts, checked September 26, 2026
- register.fca.org.uk: 2 facts, checked September 26, 2026
Scalable Capital
- scalable.capital: 5 facts, checked September 26, 2026
- esma.europa.eu: 4 facts, checked September 26, 2026
How they place
| Ranking | Nutmeg | Scalable Capital |
|---|---|---|
| Stock and ETF brokers | 101 of 471 | 147 of 471 |
| Robo-advisors | 32 of 151 | 56 of 151 |
Every fact side by side
| Fact | Nutmeg | Scalable Capital |
|---|---|---|
| Legal entity | J.P. Morgan Personal Investing Limited | Scalable Capital Bank GmbH |
| Headquarters | United Kingdom | Germany |
| Founded | 2012Lower | 2014 |
| Support channels | Email, Chat, Phone, Help centre | Phone, Chat, Email, Help centre |
Brokers
| Fact | Nutmeg | Scalable Capital |
|---|---|---|
| Minimum deposit | £500 | €1 |
| Stock trade fee | £0 | Not confirmed |
| Markets | ETFs, Funds, Stocks, Bonds | Stocks, ETFs, Crypto |
| Features | Mobile app | Mobile app |
| Pricing model | Commission free | Not confirmed |
| Deposit and withdrawal fees | no set-up, trading or exit fees | Not confirmed |
| Platforms | Web, Mobile app | Not confirmed |
| Interest on cash | Not confirmed | 2.6% |
Where each stands against the rest
| Fact | Nutmeg | Scalable Capital | Median |
|---|---|---|---|
| Management fee | 0.25% to 0.75%below the median | 0.245% to 0.375%below 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.
Scalable Capital
Pros
- A low entry point of €1 on the self-directed account
- Managed portfolios start from €20 with fees of 0.245% to 0.375%
- Regulated by the Federal Financial Supervisory Authority (BaFin) and deposits sit under EU ICS up to EUR 20,000
Cons
- Managed fees of 0.245% to 0.375% a year sit above the cheapest managed rivals
- Support runs on phone, chat and email only, with no branch or in-person service
- Managed portfolios are limited to etf and esg options, so there is no custom mandate
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.
Scalable Capital
Who it suits
- New investors who want to build a portfolio in a mobile app from a small first deposit
- Savers with a lump sum who want a ready made ETF or ESG portfolio
- Investors who care more about a named regulator and deposit protection than the lowest management fee
Who should look elsewhere
- You want a wider choice of instruments, as stocks, etfs and crypto is a single market cluster rather than a full exchange list
- You need advice built around you, because managed portfolios cover only etf and esg options
- You are comparing the very lowest managed fee, since 0.245% to 0.375% is not the cheapest on the market
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 | Nutmeg | Scalable Capital |
|---|---|---|
| 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.
Scalable Capital
What is the minimum deposit to start investing?+
The self-directed account takes a minimum deposit of €1, so you can open and fund it from a small amount. That entry point is well below the typical requirement, which is one of the reasons people try the app first. You can add to it as your savings grow.
How much does the managed portfolio cost?+
Management fees run at 0.245% to 0.375% a year on the managed side, charged on the portfolio rather than per trade. That sits above the cheapest managed plans elsewhere, so it pays to compare before committing a large lump sum. Smaller pots feel the percentage more.
Other options to compare
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