Are you confused about whether to choose Nutmeg vs XTB as a broker for your investing needs?
In this side-by-side comparison, we analyse Nutmeg vs XTB 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 XTB: 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.
Commission-free ETFs and CFDs trading
XTB is a well-known online broker listed on the Warsaw Stock Exchange. It has two trading platforms (xStation 5 and xStation Mobile), a diverse range of tradeable instruments, and exceptional customer service.
xStation Mobile is a premier application for charts and technical analysis, with the ability to apply numerous indicators like moving averages and volume. Navigation is simple, with an intuitive order placing for any asset class.
On the negative side, XTB has a limited product portfolio and charges a €10 monthly inactivity fee (after 1+ year with no activity plus no deposit in the last 90 days).
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
XTB
Pros
- Free stocks trading (only applicable to some EU countries)
- Customizable trading platform (charts and workspace)
- Low Forex Spreads
- Demo account
- No minimum account deposit
- Valuable education materials
- Top-tier Regulators
Cons
- Complex trading platform for a beginner
- High Stock CFD fees
- Limited product portfolio
- Withdrawal fees for transfers below $100
- Inactivity fee (€10/monthly after 1+ year with no activity plus no deposit in the last 90 days)
Nutmeg vs XTB: 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.
