Are you confused about whether to choose Nutmeg vs AvaTrade as a broker for your investing needs?
In this side-by-side comparison, we analyse Nutmeg vs AvaTrade to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.
Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!
Nutmeg vs AvaTrade: In a Nutshell
Automated ETF portfolios for UK users
Nutmeg is one of the largest digital wealth managers in the UK (also known as “Robo-Advisor).
Nutmeg offers investors fully managed ETF portfolios that help investors achieve their financial goals, whether it’s for retirement or a home.
It is regulated by the Financial Conduct Authority (FCA). Besides, client assets are held in two custodians: Barclays and State Street, as per regulatory requirements.
CFD traders
AvaTrade is a well-established online broker known for its competitive spreads, reliable execution, and comprehensive educational resources.
The broker also provides access to a range of powerful trading tools and platforms, including the popular MetaTrader 4 and AvaTradeGO.
AvaTrade stands out for its customer-centric approach, offering dedicated multilingual support through various channels, including phone, email, and live chat.
Pros and Cons
Nutmeg
Pros
- Automated rebalancing and dividend reinvestment
- Fees Transparency
- Stocks and shares, Lifetime and Junior ISAs
- Long performance track record (+10 years)
- Socially conscious portfolios
- Minimum account balance of £100
Cons
- Medium to high fixed fees
- Cannot buy single shares
AvaTrade
Pros
- Wide range of CFD products
- 0% commissions and low spreads
- Good trading platforms (web and mobile)
- Great Educational Tools
- Social trading (AvaSocial)
Cons
- Average forex fees
- High inactivity fees
- No real stocks or ETFs
Nutmeg vs AvaTrade: Side-by-side Comparison
- General Information
- Founded in
- Demo Account
- Account Minimum
- Interest on unninvested cash (annually)
- Products
- Stocks
- ETFs
- Bonds
- Funds
- Options
- Futures
- CFDs
- Leverage Products
- Forex
- Cryptocurrencies
- Commodities
- Fees
- US stocks
- EU stocks
- ETFs
- Cryptocurrencies
- Custody Fee
- Inactivity Fee
- Withdrawal Fee
- Connectivity Fee
- Currency Conversion Fee
- Security
- Regulators
- Investor Compensation Scheme(per person, per institution)
Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.
