Are you confused about whether to choose Nutmeg vs Libertex as a broker for your investing needs?
In this side-by-side comparison, we analyse Nutmeg vs Libertex 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 Libertex: 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.
Traders focused on CFDs only
Libertex Broker is a popular online trading platform that offers a simplified and user-friendly trading experience to its clients.
The platform is designed to be intuitive and easy to navigate, making it suitable for both beginners and experienced traders.
The broker operates on a commission-based fee structure (spreads apply), with pricing that varies depending on the asset class and trading volume.
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
Libertex
Pros
- Access to MetaTrader 4 and 5
- Low minimum deposit
- Educational Materials
- Readily available customer service
Cons
- Low product offering (mostly CFDs)
- Inactivity fee
- Unavailable in major markets (Germany, France, Finland and others)
Nutmeg vs Libertex: 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.
