Updated September 28, 2026 · BrokerCue Editorial Team
Nutmeg vs SoFi
What sets them apart
| Compare |  Nutmeg |  SoFi |
|---|---|---|
| Regulators | Financial Conduct Authority | SIPC, FDIC |
| Investor protection | FSCS up to GBP 85,000 | SIPC up to USD 500,000 |
| Account types | ISA, SIPP | IRA, Roth IRA, Joint |
| Portfolio types | ETF, ESG, Cash | ETF, Cash, Crypto |
| Management fee | 0.25% to 0.75% | Not confirmed |
| Minimum investment | £100 to £500 | Not confirmed |
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Key differences
- SoFi scores higher overall: 9.3 vs 9.2.
- Regulators: only Nutmeg offers Financial Conduct Authority.
- Regulators: only SoFi offers SIPC, FDIC.
- Founded is lower at SoFi: 2011 vs 2012.
- Account types: only Nutmeg offers ISA, SIPP.
- Account types: only SoFi offers IRA, Roth IRA, Joint.
- Portfolio types: only Nutmeg offers ESG.
- Portfolio types: only SoFi offers Crypto.
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.
SoFi
SoFi suits retirement savers in the US, with a stock trade fee of $0, an account fee of $0 and a minimum deposit of $0. The named licences are US registrations, so readers outside the US should check the account types and terms first.
Score breakdown
| Area | Nutmeg | SoFi |
|---|---|---|
| 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. | 9.5HigherRanks 1 of 161 on stock trade fee, 1 of 138 on account fee, 1 of 56 on inactivity fee. |
| Offer | 9.6Higher | 9.4 |
| Trust | 9.1 | 9.2Higher |
Side by side, item by item
| Portfolio types | Nutmeg | SoFi |
|---|---|---|
| ETF | Yes | Yes |
| ESG | Yes | No |
| Cash | Yes | Yes |
| Crypto | No | Yes |
| Account types | Nutmeg | SoFi |
|---|---|---|
| ISA | Yes | No |
| SIPP | Yes | No |
| IRA | No | Yes |
| Roth IRA | No | Yes |
| Joint | No | Yes |
How they place
| Ranking | Nutmeg | SoFi |
|---|---|---|
| Stock and ETF brokers | 101 of 471 | 80 of 471 |
| Investment platforms and apps | 21 of 86 | 18 of 86 |
| Robo-advisors | 32 of 151 | 22 of 151 |
Every fact side by side
| Fact | Nutmeg | SoFi |
|---|---|---|
| Legal entity | J.P. Morgan Personal Investing Limited | SOFI SECURITIES LLC |
| Headquarters | United Kingdom | United States |
| Founded | 2012 | 2011Lower |
| Support channels | Email, Chat, Phone, Help centre | Not confirmed |
Brokers
| Fact | Nutmeg | SoFi |
|---|---|---|
| Minimum deposit | £500 | $0 |
| Stock trade fee | £0 | $0 |
| Account fee | Not confirmed | $0 |
| Inactivity fee | Not confirmed | $0 |
| Markets | ETFs, Funds, Stocks, Bonds | Stocks, ETFs, Options, Crypto |
| Features | Mobile app | Crypto, Fractional shares, Mobile appCovers more |
| Pricing model | Commission free | Commission free |
| Audience | Not confirmed | Beginners |
| Deposit and withdrawal fees | no set-up, trading or exit fees | Not confirmed |
| Platforms | Web, Mobile app | Not confirmed |
Where each stands against the rest
| Fact | Nutmeg | SoFi | Median |
|---|---|---|---|
| Management fee | 0.25% to 0.75%below the median | Not confirmed | 0.35 |
| Minimum investment | £100 to £500above the median | Not confirmed | £50 |
Median across 87 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.
SoFi
Pros
- A stock trade costs $0 on a commission free model, so cost does not decide which shares you can hold.
- The account fee is $0 and the inactivity fee is $0, so extra accounts and balances left untouched are not billed.
- The minimum deposit is $0 where Vantage asks $5, so a small amount can start an account.
Cons
- The account types listed are ira, roth ira and joint, retirement and joint accounts, and a general taxable account is not among them.
- Markets stop at stocks, etfs and options, while eToro lists stocks, etfs and forex, so forex, CFDs and futures are out of reach here.
- The group sits in US and its registrations are SIPC member 68389 and FDIC cert 26881, with no UK or EU regulator named.
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.
SoFi
Who it suits
- Beginners, which the audience fact lists as beginners, who want to start small with a $0 minimum deposit.
- Retirement savers who want an IRA, a Roth IRA or a joint account at $0 in account fees.
- Fractional share buyers who want crypto and equities in the same app, as the feature list crypto, fractional shares and mobile app shows.
Who should look elsewhere
- Traders after forex, CFDs or futures, since eToro lists stocks, etfs and forex and SoFi lists stocks, etfs and options.
- Investors who want a broader spread of instruments than shares, ETFs, options and crypto, since CFI lists stocks, etfs and forex.
- Readers who need a UK or EU regulated provider, because the licences named are SIPC member 68389 and FDIC cert 26881.
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 | SoFi |
|---|---|---|
| United Kingdom | Yes | No |
| United States | No | Yes |
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.
SoFi
What does it cost to open and hold a SoFi account?+
The published minimum deposit is $0, the account fee is $0 and the inactivity fee is $0, so opening and holding an account adds no charge on the listed terms. Those are account level figures, which is the first thing to check before you choose a wrapper or leave a balance untouched.
What does a stock trade cost?+
A stock trade costs $0 and the pricing model is commission free, so commission does not decide which shares you can hold. Other brands on the site charge a stock trade fee as high as €17.54, and the account fee of $0 and inactivity fee of $0 add nothing on top.
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