Updated September 28, 2026 · BrokerCue Editorial Team
Nutmeg vs Traders Place
Where Nutmeg and Traders Place differ
| Compare |  Nutmeg |  Traders Place |
|---|---|---|
| Stock trade fee | £0 | €0 |
| Markets | ETFs, Funds, Stocks, Bonds | Stocks, ETFs, Crypto, Bonds, FundsCovers more |
| Regulators | Financial Conduct Authority | Federal Financial Supervisory Authority (BaFin) |
| Investor protection | FSCS up to GBP 85,000 | EU ICS up to EUR 20,000 |
| Platforms | Web, Mobile app | Traders Place App |
| Account types | ISA, SIPP | Joint |
| Minimum deposit | £500 | Not confirmed |
| Account fee | Not confirmed | €0 |
| Deposit and withdrawal fees | no set-up, trading or exit fees | Not confirmed |
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Key differences
- Nutmeg scores higher overall: 9.2 vs 8.9.
- Regulators: only Nutmeg offers Financial Conduct Authority.
- Regulators: only Traders Place offers Federal Financial Supervisory Authority (BaFin).
- Markets: only Traders Place offers Crypto.
- Platforms: only Nutmeg offers Web, Mobile app.
- Platforms: only Traders Place offers Traders Place App.
- Account types: only Nutmeg offers ISA, SIPP.
- Account types: only Traders Place offers Joint.
- Support channels: only Nutmeg offers Chat.
- Features: only Traders Place offers Crypto, Fractional shares.
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.
Traders Place
Traders Place is a German broker built around a commission-free model, with stocks, ETFs, bonds, funds and crypto in a joint account and an overall score of 6.6. It suits investors who want a low running cost and a regulated German setup, with crypto included rather than bolted on.
Score breakdown
| Area | Nutmeg | Traders Place |
|---|---|---|
| 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. | 9.3HigherStock trade fee €0 and account fee €0 sit at ranking position 1 and 1. |
| Offer | 9.6Higher | 8.9 |
| Trust | 9.1Higher | 8.6 |
Side by side, item by item
| Markets | Nutmeg | Traders Place |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Crypto | No | Yes |
| Bonds | Yes | Yes |
| Funds | Yes | Yes |
| Account types | Nutmeg | Traders Place |
|---|---|---|
| ISA | Yes | No |
| SIPP | Yes | No |
| Joint | No | Yes |
Where these facts come from
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
Traders Place
- tradersplace.de: 8 facts, checked September 26, 2026
- esma.europa.eu: 4 facts, checked September 26, 2026
How they place
| Ranking | Nutmeg | Traders Place |
|---|---|---|
| Stock and ETF brokers | 101 of 471 | 27 of 471 |
| Investment platforms and apps | 21 of 86 | 2 of 86 |
Every fact side by side
| Fact | Nutmeg | Traders Place |
|---|---|---|
| Features | Mobile app | Crypto, Fractional shares, Mobile appCovers more |
| Pricing model | Commission free | Commission free |
| Legal entity | J.P. Morgan Personal Investing Limited | Traders Place GmbH & Co. KGaA |
| Headquarters | United Kingdom | Germany |
| Founded | 2012 | Not confirmed |
| Support channels | Email, Chat, Phone, Help centreCovers more | Email, Phone, Help centre |
Where each stands against the rest
| Fact | Nutmeg | Traders Place | Median |
|---|---|---|---|
| Minimum deposit | £500highest quarter | Not confirmed | £20 |
| Account fee | Not confirmed | €0at the median | €0 |
Median across 52 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.
Traders Place
Pros
- Regulated by Federal Financial Supervisory Authority (BaFin), with investor protection of EU ICS up to EUR 20,000.
- A broad market list, stocks, etfs and crypto, covering equities, ETFs, bonds, funds and crypto.
- Fractional shares, crypto and a mobile app sit in crypto, fractional shares and mobile app, with Traders Place App as the platform.
Cons
- Contact options are limited to email, phone and help centre, with no live chat channel listed.
- The market list covers stocks, etfs and crypto, so forex and CFD traders are not served.
- Retail accounts that lose money run at 70.15% across the brands compared here, so a commission-free model does not remove the risk.
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.
Traders Place
Who it suits
- Couples who want a joint account, since joint lists joint.
- Investors who want equities, ETFs, bonds, funds and crypto in a single account: stocks, etfs and crypto.
- Savers who want a German regulated broker with phone and email support: email, phone and help centre.
Who should look elsewhere
- Traders who want forex or CFDs, since CFI lists them in stocks, etfs and forex.
- Investors who prefer to check the cost model against a rival priced in another currency, such as eToro at $0.
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
Traders Place
Current offer
Bonus
Neukundenbonus
Source, checked September 26, 2026
Country by country
| Country | Nutmeg | Traders Place |
|---|---|---|
| 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.
Traders Place
What does it cost to buy shares at Traders Place?+
Stock trades are charged at €0 and the pricing model is listed as commission-free, so no commission is added to a share purchase. The account fee is €0 as well, which keeps the cost of holding a plain brokerage account low for a buy and hold investor.
Does Traders Place charge to keep an account open?+
The account fee is €0, and the only account type listed is joint, as joint shows. That suits a couple holding securities together under a single pricing structure. Stock trades themselves are charged at €0, so the account charge is not offset by a per-trade commission.
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