Nutmeg vs Plus500

Nutmeg or Plus500 – which is better for UK traders 2024? Compare Nutmeg and Plus500 in this detailed breakdown of their platforms, features and fees.

Nutmeg vs Plus500 Comparison Table 2024
Nutmeg Plus500
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3.3
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4.1
Nutmeg is ranked #110 among UK brokers. Plus500 is ranked #17 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. Established in 2008 and headquartered in Israel, Plus500 is a prominent brokerage that boasts over 25 million registered traders in over 50 countries. Specializing in CFD trading, the company offers an intuitive, proprietary platform and mobile app. It maintains competitive spreads and does not charge commissions or deposit or withdrawal fees. Plus500 also continues to shine as one of the most trusted brokers with licenses from reputable regulators, including the FCA, ASIC and CySEC.
82% of retail CFD 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
  • Plus500 provides a specialized WebTrader platform designed explicitly for CFD trading, offering a clean and uncluttered interface
  • The broker offers commission-free trading on a diverse range of markets, minimizing additional fees while appealing to established traders
  • Plus500 has recently bolstered its suite of short-term trading products, including introducing VIX options with enhanced volatility and extended hours trading on 7 stock CFDs
  • You can utilize leverage while engaging in long or short positions, allowing for more strategic trading opportunities
  • The customer support team continue to provide reliable 24/7 support via email, live chat and WhatsApp
Cons
  • Narrow range of investments
  • Basic market research
  • Relatively high pricing
  • No demo account
  • Plus500’s lack of support for MetaTrader or cTrader charting tools might be a deal breaker for advanced traders looking for familiarity
  • Educational resources are limited compared to best-in-class brokers like eToro, impacting the learning curve for beginners
  • The absence of social trading means users can’t follow and replicate the trades of experienced traders
  • Compared to some competitors, especially IG, Plus500’s research and analysis tools are limited
  • Algo trading and scalping are not supported, which may deter some traders
Awards
  • Best Buy ISA (2022)
  • Stocks and Shares ISA of the Year (2015 - 2019)
  • Best Overall Broker 2021 - DayTrading.com
  • Best Overall Broker 2020 - DayTrading.com
  • Best Overall Broker 2019 - DayTrading.com
FCA Regulated
Yes Yes
Instruments
ETFs CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options
Demo Account
No Yes
Minimum Deposit
£100 $100
Payment Methods
Minimum Trade
£100 Variable
Regulator
FCA FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA
Mobile Apps
iOS & Android iOS, Android & Windows
Trading App

Plus500 have developed their mobile apps to match the WebTrader online platform . Secure and reliable, the app is among the best out there. Stop loss and limits are available, free alerts and a full range of markets and instruments are available. Visit the download page here.
iOS App Rating
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4.1
Android App Rating
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4.3
Margin Trading
No Yes
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No No
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 Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No No
Auto Trading
Robo-Advisor No
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes Yes
Custodial Account
Yes No
Guaranteed Stop Loss
No Yes
Inactivity Fee
$10
Islamic Account
No Yes
Account Currencies
  • GBP
  • USD
  • EUR
  • GBP
  • AUD
  • ZAR
  • CZK
Commodities
  • Copper
  • Cotton
  • Coffee
  • Livestock
  • Sugar
  • Gasoline
  • Cocoa
  • Platinum
  • Soybeans
  • Oil
  • Gold
  • Silver
  • Corn
  • Aluminium
  • Palladium
  • Wheat
  • Cattle
  • Lean Hogs
CFD
Plus500 presents commission-free CFDs encompassing a vast array of markets, spanning currencies, stocks, indices, and commodities. You can engage in long or short positions on popular assets, benefiting from adaptable leverage without encountering any concealed fees.
Leverage
1:30
FTSE Spread
Dynamic
GBPUSD Spread<
Dynamic
Oil Spread
Dynamic
Stocks Spread
Dynamic
Forex
Plus500 provides forex trading through CFDs, featuring narrow spreads across an impressive selection of over 60 currency pairs. During testing, spreads came in as tight as 0.6 pips on the EUR/USD, which is notably lower than many alternatives.
Assets
60+
GBPUSD Spread
Dynamic
EURUSD Spread
Dynamic
EURGBP Spread
Dynamic
Nutmeg Plus500
Review
Review
82% of retail CFD accounts lose money.
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