Updated October 13, 2026 · BrokerCue Editorial Team
Nutmeg vs Wombat Invest
Facts checked September 26, 2026.
Nutmeg vs Wombat Invest: the differences
| Compare |  Nutmeg |  Wombat Invest |
|---|---|---|
| Minimum deposit | £500 | £10Lower |
| Markets | ETFs, Funds, Stocks, BondsCovers more | Stocks, ETFs |
| Platforms | Web, Mobile app | Quilter Invest app |
| Account types | ISA, SIPP | ISA, Jisa, SIPPCovers more |
| Regulators | Financial Conduct Authority | Not confirmed |
| Investor protection | FSCS up to GBP 85,000 | Not confirmed |
| Currency conversion fee | Not confirmed | 0.4% to 0.75% |
| Deposit and withdrawal fees | no set-up, trading or exit fees | Not confirmed |
Same on both: Stock trade fee (£0).
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Key differences
- Founded is lower at Nutmeg: 2012 vs 2017.
- Minimum deposit is lower at Wombat Invest: £10 vs £500.
- Markets: only Nutmeg offers Funds, Bonds.
- Platforms: only Nutmeg offers Web, Mobile app.
- Platforms: only Wombat Invest offers Quilter Invest app.
- Account types: only Wombat Invest offers Jisa.
- Support channels: only Nutmeg offers Phone.
- Features: only Wombat Invest offers 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.
Wombat Invest
Wombat Invest is a broker covering stocks and ETFs through a mobile app with fractional share access. It suits newcomers who want ISA, Junior ISA and SIPP account types and are comfortable managing a focused market range themselves for long term investing.
Score breakdown
| Area | Nutmeg | Wombat Invest |
|---|---|---|
| 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. | 9.1Higher |
| Offer | 9.6Higher | 9.0 |
| Trust | 9.1Higher | 8.3 |
Choosing between them
Pick Nutmeg if offer, trust, and markets matter most.
Pick Wombat Invest if minimum deposit and account types matter most.
Feature by feature
| Markets | Nutmeg | Wombat Invest |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Bonds | Yes | No |
| Funds | Yes | No |
| Account types | Nutmeg | Wombat Invest |
|---|---|---|
| ISA | Yes | Yes |
| SIPP | Yes | Yes |
| Jisa | No | Yes |
How they place
| Ranking | Nutmeg | Wombat Invest |
|---|---|---|
| Stock and ETF brokers | 101 of 491 | 487 of 491 |
| Investment platforms and apps | 21 of 86 | 85 of 86 |
| Stocks and shares ISA providers | 3 of 21 | 21 of 21 |
| SIPP providers | 3 of 22 | 22 of 22 |
| Junior ISA providers | 2 of 14 | 14 of 14 |
Every fact side by side
| Fact | Nutmeg | Wombat Invest |
|---|---|---|
| Features | Mobile app | Fractional shares, Mobile appCovers more |
| Pricing model | Commission free | Commission free |
| Audience | Not confirmed | Beginners |
| Legal entity | J.P. Morgan Personal Investing Limited | NuWealth Ltd |
| Headquarters | United Kingdom | Not confirmed |
| Founded | 2012Lower | 2017 |
| Support channels | Email, Chat, Phone, Help centreCovers more | Email, Chat, Help centre |
Where each stands against the rest
| Fact | Nutmeg | Wombat Invest | Median |
|---|---|---|---|
| Minimum deposit | £500highest quarter | £10below the median | £20 |
| Stock trade fee | £0at the median | £0at the median | £0 |
| Currency conversion fee | Not confirmed | 0.4% to 0.75%below the median | 0.45 |
Median across 34 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.
Wombat Invest
Pros
- Offers stocks and ETFs with fractional share access inside a mobile app
- Includes ISA, Junior ISA and SIPP account types for long term goals
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.
Wombat Invest
Who it suits
- Beginners focused on stocks and ETFs by mobile
- Savers planning around ISA, Junior ISA or SIPP wrappers
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 | Wombat Invest |
|---|---|---|
| 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.
Wombat Invest
What markets does Wombat Invest cover?+
Wombat Invest covers stocks and ETFs for retail investors. Access runs through a mobile app and includes fractional share positions. The range stays focused, so checking the available securities matters before choosing.
Which account types does Wombat Invest include?+
Wombat Invest includes ISA, Junior ISA and SIPP account types alongside its investment access. Each wrapper serves different long term aims and eligibility rules apply in practice. Reviewing the current account terms helps decide which structure matches household needs.