Moneyfarm vs Nutmeg | Which is right for you?

Moneyfarm vs Nutmeg

These two are pretty similar, so which of these digital investment platforms comes out on top?

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With interest rates staying pretty low and slow, more and more people are turning to investing to get more from their money.

For many, the ready-made digital investment platforms like Nutmeg and Moneyfarm are a great place to start.

These platforms are great for beginners or for those who don’t want to get their hands dirty when it comes to investing. Both offer a clean user experience and make it simple to put money aside and to reap the rewards of being invested in the markets.

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Moneyfarm

‎Open a stocks and shares ISA with Moneyfarm today

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  • Access account any time using the app
  • Get investment advice to help grow your money
  • Transfer and withdraw money with no fees
  • Set up your ISA in minutes

Moneyfarm vs Nutmeg

MoneyfarmNutmeg stocks and shares ISA
We say★★★★★★★★★★
You say★★★★★★★★★★
ISA available?
Financial instruments★★★★★★★★★★
Costs rating★★★★★★★★★★
Mobile and web features rating★★★★★★★★★★
Learning resources and tools rating★★★★★★★★★★
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What markets and products do they cover?

MoneyfarmNutmeg stocks and shares ISA
Rating★★★★★★★★★★
Risk assessment quiz
3 or more portfolios
5 or more portfolios
ETFs
Stocks and shares ISA
Pension (SIPP)
Lifetime ISA (LISA)
Junior products
Ethical investing
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Costs of investing

MoneyfarmNutmeg stocks and shares ISA
Rating★★★★★★★★★★
Cost of investing £10,000£104.00£100.00
Cost of investing £100,000£640.00£600.00
Cost of investing £1m£6,400.00£6,000.00
Average cost per £100£0.77£0.65
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Mobile and web features

MoneyfarmNutmeg stocks and shares ISA
Rating★★★★★★★★★★
iPhone app
Android app
Desktop/web app
Notifications
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Learning resources

MoneyfarmNutmeg stocks and shares ISA
Rating★★★★★★★★★★
Guides
Videos
Demo account
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More Info
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Moneyfarm vs Nutmeg: costs

Both Nutmeg and Moneyfarm charge differently depending on how much you invest. The more you invest, the lower the charges.

With Moneyfarm, you’ll be charged 0.75% on the first £10,000. Anything between £10,000 and £50,000 will incur a 0.60% fee. Anything between £50,000 and £90,000 costs 0.5%, while anything above £100,000 will be charged at 0.35%. All of those charges are per year.

On top of that, Moneyfarm will charge you 0.2% for investment funds per year and estimates the market spread to cost around 0.09%.

Then there’s Nutmeg. For its fully managed portfolio (standard), Nutmeg charges 0.75% on the first £100,000 you invest and then 0.35% on the portion beyond that. Nutmeg also charges a 0.19% investment fund cost and a market spread cost of 0.06%.

So what does that all mean!

If you invest £10,000 with Moneyfarm, it’ll cost you £104.

If you invest £10,000 with Nutmeg, it’ll cost you £100.

This is only one example though, so you’ll need to check out the fees for your own personal situation. Each provider has a calculator for you to see what your fees would be

That being said, there’s not much in it.

Our verdict: Is Moneyfarm better than Nutmeg?

Overall, these two are hard to separate. Both do what they say on the tin. The biggest hurdle for most investors is to just get started, and the best thing you can do is start investing and start early.

Nutmeg allows you to preview your portfolio before you actually open an account or invest any money, so it is worth checking that out and seeing how you get on. If you’re not a fan of the interface or feel of things, then try out Moneyfarm.

Compare platforms similar to Moneyfarm and Nutmeg

Table: sorted by promoted deals first
Data updated regularly
Name Product Price per trade Frequent trader rate Platform fees Brand description
Fineco
UK: £2.95
US: $3.95
EU: €3.95
N/A
£0
Your first 100 trades are free with Fineco (T&Cs apply)
Fineco Bank is good for share traders and investors looking for a complete platform and wide offer. The minimum deposit with Fineco is £0. Capital at risk.
eToro Free Stocks
£0
N/A
£0
Capital at risk. 0% commission but other fees may apply. The minimum deposit with eToro is $500.
Hargreaves Lansdown Fund and Share Account
£11.95
£5.95
£0
Hargreaves Lansdown is the UK's number one platform for private investors, with the depth of features you'd expect from an established platform. The minimum deposit with HL is £1. Capital at risk.
Degiro Share Dealing
UK: £1.75 + 0.014% (max £5)
US: €0.50 + $0.004 per share
N/A
£0
Degiro is widely seen as one of the best low-cost share brokers, for people who are looking to trade regularly. The minimum deposit with Degiro is £0. Capital at risk.
interactive investor Trading Account
£7.99 (with one free trade per month)
N/A
£9.99 per month
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. The minimum deposit with ii is £0. Capital at risk.
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Compare up to 4 providers

Data updated regularly
Name Product Minimum deposit Maximum annual fee Price per trade Brand description
interactive investor Stocks and Shares ISA
Any lump sum or £25 a month
£119.88
£7.99
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
Moneyfarm stocks and shares ISA
£1500
0.75%
£0
Moneyfarm helps you meet your investment goals with fully-managed portfolios designed around you. Capital at risk.
Hargreaves Lansdown Stocks and Shares ISA
£100
0.45%
£11.95
Hargreaves Lansdown is the UK's biggest wealth manager. It's got everything you'll need, from beginners to experienced investors. Capital at risk.
Nutmeg stocks and shares ISA
£100
0.75%
£0
Nutmeg offers three types of portfolios. Choose the one that goes with your investment style. Capital at risk.
Saxo Markets Stocks and Shares ISA
No minimum deposit requirement
0.12%
£8.00
Saxo Markets offers a wide access to a range of stocks, ETFs and funds. Capital at risk.
AJ Bell Stocks and Shares ISA
£500
0.25%
£9.95
AJ Bell is a good all-rounder for people who to choose between shares, funds, ISAs and pensions. Capital at risk.
Fidelity Stocks and Shares ISA
£1000 or a regular savings plan from £50
0.35%
£10.00
Fidelity is another good all-rounder, offering a good package at a decent price. Not suited for trading shares. Capital at risk.
Legal & General stocks and shares ISA
Legal & General stocks and shares ISA
£100 or £20 a month
0.61%
N/A
Legal & General is a big financial services company which offers insurance, lifetime mortgage, pensions and stocks and shares ISAs. Capital at risk.
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Data updated regularly
Name Product Minimum investment Choose from Annual fee Brand description
Interactive Investor Pension
Any lump sum or £25 a month
Over 3,000 funds
£10/month
interactive investor is a flat-fee platform, which makes it cost effective for larger portfolios. Capital at risk.
Moneyfarm Pension
£1,500 (initial investment)
7 funds
0.35%-0.75%
Moneyfarm has pensions that are matched against your risk appetite, goals and planned retirement date. Capital at risk.
AJ Bell Pension
£1,000
Over 2,000 funds
0.05-0.25%
AJ Bell has two different pension options, a self managed pension and one that is managed for you. Capital at risk.
PensionBee Pension
No minimum
7 funds
0.5% - 0.95%
Pension Bee is a newbie in the pension market. It helps consolidate your pension plans into one place. Capital at risk.
Hargreaves Lansdown Pension
£100 or £25 a month
2,500 funds
0-0.45%
Hargreaves Lansdown is the UK's biggest wealth manager. It's got three different retirement options. Capital at risk.
Saxo Markets Pension
Saxo Markets Pension
£10
Over 11,000 funds
No annual fee
Saxo Markets gives flexibility and control over your investment strategy. Capital at risk.
Penfold
Penfold
No minimum
4 portfolios
0.75-0.88%
Moneybox Pension
£1
3 funds
0.15% - 0.45% charged monthly
Manage your money with an easy-to-use Moneybox app. Capital at risk.
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Compare up to 4 providers

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

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