Are you confused about whether to choose Nutmeg vs FXCM as a broker for your investing needs?
In this side-by-side comparison, we analyse Nutmeg vs FXCM 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 FXCM: 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.
Wide variety of investment platforms
FXCM is a London-based online broker that specializes in Forex and CFDs trading, with a global presence and extensive experience in the financial markets (20+ years).
FXCM provides access to a wide variety of financial instruments, including major and minor currency pairs, commodities, indices, and cryptocurrencies.
One notable aspect of FXCM is its No Dealing Desk (NDD) execution model, which aims to provide traders with transparent and fair trade execution.
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
FXCM
Pros
- Demo account
- Access to various investment platforms (MT4, Trading Station, ZuluTrade, Tradingview and Capitalise AI)
- Flat Fees on Forex (For active traders)
- Additional insurance up to €1 million per client
- Good education resources
Cons
- Limited product offering (no real products)
- Inactivity fees
- Platforms may be complex for beginners
Nutmeg vs FXCM: 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.
