Nutmeg vs Wealthsimple - BrokerCue
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Broker Comparison

Nutmeg vs Wealthsimple

Compare Nutmeg and Wealthsimple side by side: fees, regulation, platforms.

Nutmeg

Nutmeg

Hands-off UK portfolio investors

Nutmeg is a UK robo-advisor offering managed and fixed-allocation portfolios across ISAs, a personal pension …

VS
Wealthsimple

Wealthsimple

Canadian beginner and passive investors

Wealthsimple is a Canadian all-in-one financial platform offering commission-free stock and ETF trading, mana…

Head-to-head comparison

Nutmeg vs Wealthsimple
Feature Nutmeg Wealthsimple
Minimum deposit - -
Stock trading fee - Commission-free on Canadian and US exchanges
Regulators FCA CIRO, OSC
Best for Hands-off UK portfolio investors Canadian beginner and passive investors
Markets & account
Stocks
-
ETFs
Crypto
-
Options
-
Ready Made Portfolios
Isa
-
Fractional Shares
-
Margin
-
Investment Plans
-

Pros & cons

Nutmeg

Nutmeg

Pros

  • FCA-regulated with FSCS protection up to £85,000
  • Backed by JPMorgan Chase since 2021
  • No deposit, withdrawal or inactivity fees
  • Six portfolio styles including ESG, Income and Smart Alpha
  • Covers ISA, Lifetime ISA, Junior ISA, personal pension and GIA
  • Transparent fee structure with no hidden charges
  • Low minimum of £100 for Junior ISA and Lifetime ISA

Cons

  • Managed portfolio fees of up to 0.75% are higher than some robo-advisor competitors
  • No self-directed stock or share picking
  • No demo account
  • No SIPP - only a managed personal pension
  • No fractional shares or direct equity trading
  • £500 minimum for ISA, personal pension and GIA
  • Brand retired in November 2025 and merged into J.P. Morgan Personal Investing
Wealthsimple

Wealthsimple

Pros

  • Commission-free stock and ETF trading
  • No account, inactivity, or transfer-out fees on self-directed accounts
  • Fractional shares with a $1 minimum investment
  • Integrated robo-advisor, self-directed trading, and crypto in one app
  • Multiple registered account types including TFSA, RRSP, FHSA, and RESP
  • CIPF investor protection up to $1 million per account category
  • No minimum deposit requirement
  • TradingView charting integration on web platform

Cons

  • 1.5% CAD/USD currency conversion fee applies to most US stock trades unless a USD account is held
  • $10 per month USD account fee for Core plan users
  • No mutual funds, bonds, GICs, CFDs, or forex products
  • No demo account
  • Advanced research and charting tools are limited compared to full-service brokers
  • Managed portfolio customization is restricted to a small set of model portfolios
  • Higher-tier benefits require $100,000 or $500,000 in household assets
Nutmeg

Nutmeg

Nutmeg is a UK robo-advisor offering managed and fixed-allocation portfolios across ISAs, a personal pension and a general investment account, regulated by the FCA.

Visit Nutmeg Read review

Your capital is at risk. Other fees apply.

Wealthsimple

Wealthsimple

Wealthsimple is a Canadian all-in-one financial platform offering commission-free stock and ETF trading, managed portfolios, crypto, and tax filing in a single app.

Visit Wealthsimple Read review

Your capital is at risk. Other fees apply.

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