Are you confused about whether to choose Nutmeg vs TradeStation as a broker for your investing needs?
In this side-by-side comparison, we analyse Nutmeg vs TradeStation 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 TradeStation: 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.
US investors looking for commission-free trades
TradeStation is a comprehensive online brokerage platform designed for active traders and investors, giving you a wide range of tradable assets (stocks, ETFs, options, futures, and forex),
One of the standout features of TradeStation is its robust trading technology. The platform provides access to real-time market data, customizable charting tools, and advanced order execution options.
The platform offers a wide range of educational resources, including webinars, tutorials, and a vibrant online community where traders can exchange ideas and insights.
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
TradeStation
Pros
- 0% commissions on stocks and ETFs
- Low commission on options trading
- Good research and education tools
- Sophisticated trading platforms
Cons
- Minimum deposit of $500
- High fees on withdrawal
- Weak customer support
Nutmeg vs TradeStation: 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.
