Updated September 29, 2026 · BrokerCue Editorial Team
Nutmeg vs Wealthyhood
Nutmeg vs Wealthyhood: the differences
| Compare |  Nutmeg |  Wealthyhood |
|---|---|---|
| Minimum investment | £100 to £500 | €1 |
| Regulators | Financial Conduct Authority | Hellenic Capital Markets Commission, Financial Conduct AuthorityCovers more |
| Investor protection | FSCS up to GBP 85,000 | EU ICS up to EUR 20,000 |
| Portfolio types | ETF, ESG, CashCovers more | ETF, Cash |
| Management fee | 0.25% to 0.75% | Not confirmed |
| Account types | ISA, SIPP | Not confirmed |
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Key differences
- Wealthyhood scores higher overall: 9.3 vs 9.2.
- Regulators: only Wealthyhood offers Hellenic Capital Markets Commission.
- Wealthyhood is licensed in 1 more country.
- Portfolio types: only Nutmeg offers ESG.
- Support channels: only Nutmeg offers Chat, Phone.
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.
Wealthyhood
Wealthyhood suits Greeks and British retail investors who want to build a portfolio of stocks and ETFs without paying per trade. Trading costs €0 and the account fee is €0, so the cost side is the reason to look here first. The catch is a small product range and support by email and help centre.
Score breakdown
| Area | Nutmeg | Wealthyhood |
|---|---|---|
| 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 | 8.9Trading stocks and ETFs costs €0 with €0 account fee, commission free model. |
| Trust | 9.1 | 9.5Higher |
What each covers
| Portfolio types | Nutmeg | Wealthyhood |
|---|---|---|
| ETF | Yes | Yes |
| ESG | Yes | No |
| Cash | Yes | Yes |
Availability and regulation
| Country | Nutmeg | Wealthyhood |
|---|---|---|
| United Kingdom | Financial Conduct Authority 552016 | Financial Conduct Authority 933675 |
| Greece | Not confirmed |
How they place
| Ranking | Nutmeg | Wealthyhood |
|---|---|---|
| Stock and ETF brokers | 101 of 471 | 85 of 471 |
| Robo-advisors | 32 of 151 | 23 of 151 |
Every fact side by side
| Fact | Nutmeg | Wealthyhood |
|---|---|---|
| Legal entity | J.P. Morgan Personal Investing Limited | Wealthyhood Europe AEPEY |
| Headquarters | United Kingdom | Greece |
| Founded | 2012 | Not confirmed |
| Support channels | Email, Chat, Phone, Help centreCovers more | Email, Help centre |
Brokers
| Fact | Nutmeg | Wealthyhood |
|---|---|---|
| Minimum deposit | £500 | €1 |
| Stock trade fee | £0 | €0 |
| Account fee | Not confirmed | €0 |
| Markets | ETFs, Funds, Stocks, BondsCovers more | Stocks, ETFs |
| Features | Mobile app | Fractional shares, Mobile appCovers more |
| Pricing model | Commission free | Commission free |
| Audience | Not confirmed | Beginners, Experienced |
| Deposit and withdrawal fees | no set-up, trading or exit fees | Free bank transfers; free card deposits up to EUR 2500 then 0.75% |
| Platforms | Web, Mobile app | Web, iOS app, Android app |
| Interest on cash | Not confirmed | 2.36% |
Where each stands against the rest
| Fact | Nutmeg | Wealthyhood | Median |
|---|---|---|---|
| Management fee | 0.25% to 0.75%below the median | Not confirmed | 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.
Wealthyhood
Pros
- Trading stocks and ETFs costs €0 and the account fee is €0
- A minimum deposit of €1 and a minimum investment of €1 keep entry small
- Fractional shares and a mobile app are both available, with access on Web, iOS app and Android app
Cons
- Support runs on email and help centre only, with no phone or live chat listed
- The range is limited to stocks and etfs
- Investor compensation sits at EU ICS up to EUR 20,000, below larger cash holdings
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.
Wealthyhood
Who it suits
- Greeks and British investors regulated in the UK and Greece, with the entity operating as Wealthyhood Europe AEPEY
- Beginners and experienced investors building a long term stock and ETF portfolio
- Small investors who want fractional shares and a low entry point
Who should look elsewhere
- Brokers wanting broader asset classes than stocks and etfs
- Traders who need phone or live chat support, since contact is limited to email and help centre
- Anyone holding a large cash balance, as cover stops at EU ICS up to EUR 20,000
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 | Wealthyhood |
|---|---|---|
| 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.
Wealthyhood
What does it cost to trade stocks and ETFs?+
Trading costs €0 and the account fee is €0, so there is no per trade charge or annual cost on the standard account. Wealthyhood runs a commission free model. The free bank transfers keep money moving in and out without a fee.
What is the minimum deposit and investment?+
The minimum deposit is €1 and the minimum investment is €1. That makes small, regular amounts workable, and fractional shares let a portion of a share be bought. The app and web platform both handle orders.
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