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Nutmeg vs Moneybox
How do these two compare when we look at them side by side?
What's in this guide?
With the current low in interest rates, investing has become popular. It’s no longer something that requires a whole load of knowledge and understanding. Two relatively new names in the investment market are Nutmeg and Moneybox. We’ve compared the two below.
Nutmeg vs Moneybox
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| We say | ★★★★★ | ★★★★★ |
| You say | ★★★★★ | ★★★★★ |
| ISA available? | ||
| Financial instruments | ★★★★★ | ★★★★★ |
| Costs rating | ★★★★★ | ★★★★★ |
| Mobile and web features rating | ★★★★★ | ★★★★★ |
| Learning resources and tools rating | ★★★★★ | ★★★★★ |
| Go to site More Info | Go to site More Info |
What markets and products do they cover?
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| 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 | ||
| Go to site More Info | Go to site More Info |
Costs of investing
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| Rating | ★★★★★ | ★★★★★ |
| Cost of investing £10,000 | £100.00 | £87.00 |
| Cost of investing £100,000 | £600.00 | £762.00 |
| Cost of investing £1m | £6,000.00 | £7,512.00 |
| Average cost per £100 | £0.65 | £0.79 |
| Go to site More Info | Go to site More Info |
Mobile and web features
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| Rating | ★★★★★ | ★★★★★ |
| iPhone app | ||
| Android app | ||
| Desktop/web app | ||
| Notifications | ||
| Go to site More Info | Go to site More Info |
Learning resources
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| Rating | ★★★★★ | ★★★★★ |
| Guides | ||
| Videos | ||
| Demo account | ||
| Go to site More Info | Go to site More Info |
Best for
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Best for
Beginners
Best for
Funds
Nutmeg vs Moneybox: Costs
Nutmeg’s fees are pretty simple and are based on how much you invest.
For its fully managed portfolio, it charges 0.75% on investments up to £100,000 and then 0.35% on investments beyond that. Nutmeg also charges a 0.19% investment fund cost and a market spread cost of 0.06%.
Moneybox is slightly different. There’s a £1 per month fixed subscription fee (free for the first 3 months). As well as this, it charges a platform fee of 0.45% annually and between 0.12% and 0.30% fund provider fees.
What does that all actually mean?
If you invest £10,000 with Nutmeg, then you’ll spend £100 (in a year).
If you invest £10,000 with Moneybox then you’ll spend around £87 (in a year).
For Nutmeg, we got these numbers off the website, so if you want to check out how much your investment will cost you, head over there. Moneybox doesn’t have a cost calculator, so this was worked out the old fashioned way (£45 platform fee + £12 subscription fee + £30 fund provider fees).
Our verdict: Is Nutmeg better than Moneybox?
These two platforms are pretty similar. Moneybox is app only, so if you want to access your investments in the web browser, Nutmeg may be more suitable for you. It also offers investment advice, which Moneybox doesn’t currently offer. Moneybox’s fees tend to be lower in our comparison, but it’s worth working it out based on how much you are investing.
Compare platforms similar to Nutmeg and Moneybox
Table: sorted by promoted deals first
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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