Moneyfarm vs Nutmeg

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

Updated

Fact checked

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.

Promoted
Moneyfarm

‎Open a stocks and shares ISA with Moneyfarm today

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

Moneyfarm vs Nutmeg

MoneyfarmNutmeg stocks and shares ISA
Overall rating★★★★★★★★★★
Markets and products rating★★★★★★★★★★
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★★★★★★★★★★
Share dealing
Stocks and shares ISA
Pension (SIPP)
Lifetime ISA (LISA)
Fractional shares
Ready-made portfolios
DIY portfolios
Ethical investing
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More Info
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Mobile and web features

MoneyfarmNutmeg stocks and shares ISA
Rating★★★★★★★★★★
Desktop app
Web app
iPhone
Android
Share price notifications
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More Info
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Learning resources

MoneyfarmNutmeg stocks and shares ISA
Rating★★★★★★★★★★
Info on share trading
Info on funds
Info on retirement
Videos
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More Info
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Hargreaves Lansdown Hargreaves Lansdown

Best for beginners (Capital at risk)

IG IG

Best for US shares (Capital at risk)

eToro eToro

Best for social trading (Capital at risk)

Interactive Investor Interactive Investor

Best for online platform (Capital at risk)

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 indicated here is updated regularly
Name Product Price per trade Frequent trader rate Platform fees Brand description
Fineco
Fineco
£2.95
£2.95
Zero platform fee
Fineco Bank is good for share traders and investors looking for a complete platform and wide offer. Your first 50 trades are free with Fineco, until 30/09/2020. T&Cs apply. Capital at risk.
IG
0% commission on US shares, and £3 on UK shares
From £5
£0 - £24 per quarter
IG is good for experienced traders, and offers learning resources for beginners, all with wide access to shares, ETFs and funds. Capital at risk.
Hargreaves Lansdown Fund & Share Account
£11.95
£5.95
Transfer out fee
Hargreaves Lansdown is the UK's biggest wealth manager, with the depth of features you'd expect from an established platform. Capital at risk.
eToro Free Stocks
0% commission, no markup, no ticket fee, no management fee
N/A
Withdrawal fee & GDP to USD deposit conversion
eToro is good for social trading - letting you mirror the portfolios of other traders. Capital at risk.
Interactive Investor
From £7.99 on the Investor Service Plan
From £7.99 on the Investor Service Plan
No transfer fees or exit fees. £9.99 a month on the Investor Service Plan
Capital at risk.
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Compare up to 4 providers

Data indicated here is updated regularly
Name Product Minimum deposit Maximum annual fee Price per trade Brand description
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.
Interactive Investor stocks and shares ISA
£100 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.
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.
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.
Moneybox stocks and shares ISA
Moneybox stocks and shares ISA
£1
0.45%
Fixed subscripction fee of £1 per month
Moneybox offers a general investment account, Lifetime ISA and Junior ISA and lets you manage your money with an easy-to-use app. 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.
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Compare up to 4 providers

Data indicated here is updated regularly
Name Product Minimum investment Choose from Annual fee Brand description
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
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.
Interactive Investor Pension
£25/month
Over 2,500 funds
£10/month
interactive investor is a flat-fee platform, which makes it cost effective for larger portfolios. 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.
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.
Moneybox Pension
£1
3 funds
0.15% - 0.45% charged monthly
Manage your money with an easy-to-use Moneybox app. Capital at risk.
Moneyfarm Pension
Moneyfarm Pension
0.35%-0.75%
7 funds
£1,500 (initial investment)
Moneyfarm has pensions that are matched against your risk appetite, goals and planned retirement date. 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. Capital is at risk.

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