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Nutmeg vs Saxo Bank

Nutmeg or Saxo – which is better for UK traders 2024? Compare Nutmeg and Saxo in this detailed breakdown of their platforms, features and fees.

Nutmeg vs Saxo Comparison Table 2024
Nutmeg	Saxo

3.3	4
Nutmeg is ranked #117 among UK brokers.	Saxo is ranked #83 among CFD brokers.
Review	Review
Nutmeg is a UK-based investment platform offering ISAs, SIPPs and general investment accounts. With four investment styles and access to over 30 portfolios, investors can receive tailored investment support with transparent pricing. The FCA-regulated firm is the most popular robo-advisor in the UK.	Saxo Markets is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC.
	66% of retail accounts lose money.
Pros
FCA-regulated Socially responsible investing Financial advisors with premium profiles User-friendly qualities with pre-built portfolios Established UK robo-advisor owned by JP Morgan	Powerful proprietary trading platforms with comprehensive charting packages and advanced analysis tools High-level research hub with curated market research, plus unique insights with 'Outrageous Predictions' Excellent educational resources including podcasts, webinars and expert-led video insights Access to comprehensive third-party analysis tools including TradingView and Updata The ISA account is highly accessible and flexible with no entry or exit fees Heavily regulated and trustworthy brand based in Switzerland Low fees with premium account tiers
Cons
Narrow range of investments Basic market research Relatively high pricing No demo account	High funding requirements for the trading accounts Access to Level 2 pricing requires a subscription Clients from some jurisdictions not accepted including the US and Belgium
Awards
Best Buy ISA (2022) Stocks and Shares ISA of the Year (2015 - 2019)
FCA Regulated
Yes	Yes
Instruments
ETFs	Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs
Demo Account
No	Yes
Minimum Deposit
£100	£500
Payment Methods
Apple Pay Debit Card Google Pay Wire Transfer	Credit Cards Mastercard Visa Wire Transfer
Minimum Trade
£100	Vary by asset
Regulator
FCA	DFSA, MAS, FCA, SFC
Mobile Apps
iOS & Android	SaxoTraderGo (iOS, Android, Windows)
iOS App Rating

Android App Rating

Margin Trading
No	No
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
Yes	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
Robo-Advisor
Copy Trading
No	No
Social Trading
No	No
Trade Signals
	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
Yes	No
Custodial Account
Yes	No
Guaranteed Stop Loss
No	No
Islamic Account
No	Yes
Account Currencies
GBP	USD EUR GBP CAD AUD JPY SEK DKK CHF
Commodities
	Gold Silver Natural Gas Oil Copper Corn
CFD
	Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals.
Leverage
	1:30
FTSE Spread
	1.2 pts (Variable)
GBPUSD Spread<
	0.7 (var)
Oil Spread
	0.03
Stocks Spread
	0.10% (subject to min commission)
Forex
	Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips.
Assets
	40+
GBPUSD Spread
	0.7 (varies by region)
EURUSD Spread
	0.2 (varies by region)
EURGBP Spread
	0.6 (varies by region)

Nutmeg	Saxo
Review	Review
	66% of retail accounts lose money.
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