Nutmeg Guide – Read our In-Depth Nutmeg Review
Nutmeg Rating: 4.56 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This Nutmeg review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Nutmeg review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you are a new entrant in the world of trading and brokerage, so many facts will be confusing for you. Getting into the area of trading requires expert analyzing skills and thorough understanding. You will get adept at all the concepts of brokerage since you keep trading. For starters, you need to select the right agent who'll be clear with you constantly.
In this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment program will generate hefty returns. Nutmeg is one such stage that will take you and your investment to great heights. It's important that you understand about Nutmeg until you trust them with your money.
Nutmeg Review – Quick Summary
Nutmeg Telephone Number:
Nutmeg Email Address:
Number Of Clients:
10,000+ Nutmeg users and traders
Nutmeg Facebook Likes:
Nutmeg Twitter Followers:
Nutmeg Instagram Followers:
Your capital is at risk
|Nutmeg Telephone Number:|
|Nutmeg Email Address:|
|Number Of Clients:||10,000+ Nutmeg users and traders|
|Nutmeg Facebook Likes:||0|
|Nutmeg Twitter Followers:||0|
|Nutmeg Instagram Followers:||0|
Your capital is at risk
Our full Nutmeg Review covers everything you need to know about trading using Nutmeg. A good broker can multiply your first investments and provide you positive profits. If you want to make profits, you must trade with a brokerage service that aligns with your investment goals.
There is no sure-fire method to ensure profits; therefore, you must carefully analyze your broker before you select them. It's a frequent misconception that all agents will be exactly the same, but that's not true. Wrong judgment, in the beginning, can set your investments in danger.
Nutmeg is a broker that has forged its way successfully into the brokerage world. Within this review, we have attempted to collate a number of the important facets of Nutmeg. This review can allow you to know whether Nutmeg is a fantastic match for your own investments or not. We've tried to breakdown all of the features and charges for your advantage.
Nutmeg Review, Table Of Contents
- Who are Nutmeg?
- Benefits Of Trading With Nutmeg
- Everything you should know about trading with Nutmeg
- Is Nutmeg Safe To Trade With?
- Nutmeg Risk Disclaimer
- Pro's & Con's Of Trading With Nutmeg
- Compare Brokers Similar To Nutmeg
- Regulation And Licencing In More Detail
- Nutmeg Awards
- Minimum Deposit Required For A Live Account With Nutmeg
- Nutmeg Commission And Fees Explained
- Compare broker fees against Nutmeg
- Nutmeg Withdrawal Fees Explained
- Nutmeg Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Nutmeg?
- Alternatives To Nutmeg
- Frequently Asked Questions About Nutmeg
Who are Nutmeg?
Nutmeg is a foreign exchange broker headquartered in USA and provides a range of instruments for online trading. Since its establishment in 2008, Nutmeg has emerged as a top player in the field of online brokerage. Nutmeg includes an extremely aggressive and full-featured trading website that is focused on forex, indices, metals, stocks and commodities.
Over the past 13 years, Nutmeg has grown into one of the leading online brokers.
After launching in 2008, their client base has become as large as 10,000+ clients.
Nutmeg is the favourite for many dealers because of its negative balance protection. Our Nutmeg review found that they are an superb alternative for automated trading solutions. They're most appropriate for investors that are searching for a variety of assets. Social and automated trading options are the core at Nutmeg.
Technology plays a significant role at Nutmeg. Nutmeg offers trading on WebTrader, Desktop, Mobile & Apps. Nutmeg is honest, transparent, and a well-regulated agent by the Unregulated. Their outstanding array of resources will be beneficial for most traders. Third-party partnerships also provide in-house research.
The trader resource section at Nutmeg is very enlightening for new dealers since it permits them to get a closer look in the financial markets. Nutmeg caters to all sorts of traders and are a must-have broker for any well-diversified method of online trading.
If you feel that Nutmeg is not right for you then at the bottom of this Nutmeg review you wil find a lot of alternatives to Nutmeg.
Everything you ought to know about trading with Nutmeg
Nutmeg is a lively platform that provides various methods of online trading. These tools cover the financial markets considerably. The Majority of the broker platforms offer fewer procedures than Nutmeg
If you would like to trade with Nutmeg, you'll require a minimum deposit of $0. This deposit is required if you want to begin trading using Nutmeg. This 2021 Nutmeg review will guide you easily about trading with them.
Nutmeg is as versatile as any other brokerage platform. Nutmeg is excellent for traders who want a manageable selection of low-cost services. The programs offered by Nutmeg are third-party, white-label offerings. All traders can select out of WebTrader, Desktop, Mobile & Apps.
Together with everything, Nutmeg has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a trade must be kept open. The agents provide premium customer service that rewards customers with benefits.
Many unprofessional brokers try to pressurise consumers into bigger financing for premium services. Nutmeg, on the other hand, is much more concentrated on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the consumer, the further advantages will come along.
Nutmeg accounts are available globally and provides outstanding service wherever they have customers. There are only a select few countries where Nutmeg accounts are not available. Traders in the following countries cannot open or use a Nutmeg account:
BR, KR, IR, IQ, SY, JP, US
Is Nutmeg Safe To Trade With?
Launched in 2008, Nutmeg has been open for 13 years, they are headquarted in USA.
Nutmeg is regulated by Unregulated. These figures have rules that ensure that trading platforms have measures in place to maintain investor's resources procured. This usually means that Nutmeg users do not need to worry about their money as it's segregated and safely kept in established banks. SSL encryption simplifies each user's personal information also.
You are able to make use of an option for Two Factor Authentications (2FA) with Nutmeg for increased security. An SMS for the verification code will be sent to a mobile phone. You'll be asked to enter this code to log in to your accounts.
Another concern with financial brokers is in respect to security might be manipulation of trading. This is highly disadvantageous for users on these platforms. Nonetheless, this is more widespread in the example of Market Maker agents who compete with customers on the platform.
Nutmeg Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With Nutmeg
Every online trading platform will have some pros and cons Nutmeg review would be complete without having a balanced approach. This Nutmeg review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- Nutmeg is trusted by 10,000+ clients
- Nutmeg offers Negative Balance Protection
- Nutmeg has low minimum deposit requirements
- Nutmeg doesn't charge withdrawal fees
- Nutmeg doesn't charge deposit fees
- Nutmeg doesn't charge CFD fees
- Nutmeg offers social trading
- Nutmeg offers copy trading
- Nutmeg offer trading on WebTrader, Desktop, Mobile & Apps
- Nutmeg offer 273 trading instruments
- Nutmeg trades major forex pairs
- Nutmeg can communicate in English, and Chinese
- Nutmeg does not offer Guaranteed Stop Loss
- Nutmeg charge inactivity fees
- Nutmeg doesn't trade minor forex pairs
- Nutmeg doesn't trade exotic forex pairs
- Nutmeg doesn't offer trading on cryptocurrencies
- Nutmeg doesn't offer trailing stop
Nutmeg Review - Compare Brokers Similar To Nutmeg
|Rating||4.56 / 10||5.65 / 10||5.92 / 10||4.2 / 10|
|Regulated By||Unregulated||Financial Conduct Authority (FCA) in the United Kingdom, FCA Register no: 586541, Financial Services Authority in Seychelles No: SD028||Financial Conduct Authority (FCA)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F243|
|Find Out More|
|Risk Warning||Your capital is at risk||CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.||Your capital is at risk||Your capital is at risk|
Nutmeg Review - Regulation And Licencing In More Detail
Nutmeg is regulated by Unregulated.
Nutmeg, as a company, has a powerful collection of rules for ensuring honest trading onto its platform. For data encryption functions, it provides an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, client data is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Nutmeg Review - AwardsAt the time of writing this Nutmeg review, and despite Nutmeg’s impressive offering, the company has surprisingly not garnered any other awards to date.
Nutmeg Trading Platforms
Nutmeg are a reputable trading platform that has been operating for over 13 years. They offer a large range of options in their client accounts.
Below we take the main parts of any great online trading platform and compare Nutmeg with ForexVox, Charter Prime, and fxglobe
Nutmeg Review - Minimum Deposit Required
The minimum deposit you must deposit to begin on Nutmeg is $0. This is a decent amount for those just beginning. You can create more advanced residue as you go along. But, make certain you know how to make the most of your cash before investing in larger amounts.
Nutmeg Review - Commission And Fees Explained
Nutmeg is an online brokerage platform, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. That is, an online broker is not necessarily affected by the number of clients they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are mainly 3 types of fees for this objective.
The first kind of fees to keep an eye out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you're charged trading fees. In these instances, you're paying a spread, funding speed, or a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the other hand, a spread refers to the gap between the buying and selling price. Financing or overnight prices are those who are charged when you hold a leveraged position for more than daily.
Aside from trading fees, online brokers also charge non-trading fees. These are determined by the activities you undertake in your account. They're charged for operations like depositing cash, not investing for long periods, or withdrawals.
In general, Nutmeg does not charge high fees in comparison to other online agents. For operations other agents fee for, they either do not charge a broker fee, or they charge a smaller amount. This can be beneficial for those who regularly exchange, such as daily or weekly trading.
However, non-trading fees billed by Nutmeg are relatively higher. As a result, you're billed more for non-trading activities in your trading account, like deposits and withdrawal. These aren't related to the purchase and sale of resources.
This Nutmeg review breaks down each of the applicable non-trading fees for you in detail.
Compare broker fees against Nutmeg
Nutmeg Review - Withdrawal Fees ExplainedNutmeg doesn't charge withdrawal fees
Withdrawal of cash is possible at any time from your Nutmeg account. You can draw up sums to the sum of your account balance, keeping aside the margin used. 1 thing to keep in mind is that you don't necessarily have to have any cash on your accounts.
In addition, the withdrawn money will be moved directly to the accounts you use to create deposits. Thus, in the event that you used a credit card for deposits, then the withdrawn cash will be sent to the card. Nutmeg will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you are withdrawing cash in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you are choosing to draw in.
Nutmeg Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions which run through your mind while open an account with Nutmeg. An inactivity fee is an amount charged to registered dealers that haven't participated in buying or selling for some time. The period regarded as inactive is determined by the agent.
The inactivity fee also differs from one agent to another and isn't standardized. If a traders account doesn't have a buying or selling trade, it is maintained by the broker as an inactivity charge. The traders have to pay this fee under conditions and terms that they had consented while enrolling.
Nutmeg charges an inactivity fee if you don't create any trades for a while.
Even if no fees are indicated by Nutmeg, it is better that you close the account if you're inactive. Inactivity fees are not only charged by brokerage companies but also many financial services.
For additional trading platforms, the inactivity fee is contingent on the sort of account you've selected. The inactivity fee is exposed to a lot of circumstances and should be revealed clearly by the broker beforehand.
Nutmeg Review - Deposit Fees Explained
When you transfer money into your trading account by your bank account, a deposit fee can be billed by the broker. Most agents do not charge an excessive amount of money for this particular operation.
Nutmeg doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the Nutmeg trading platform is easy. You just have to complete a single-user profile questionnaire to start depositing money into your trading account. You will have to give an identity proof and proof of residency to deposit substantial sums.
Nutmeg Review - Compare Broker Deposit Methods
What Can You Trade With Nutmeg?
Note: Nutmeg offers a lot of different trading instruments due to regulatory restrictions in various countries. Trading instruments offered can differ depending on the country of residence of the client.
Nutmeg has a wide variety of over 273 instruments available for you to trade with.
If trading forex pairs is of interest to you then Nutmeg offer over currency pairs.
Compare Nutmeg, ForexVox, Charter Prime & fxglobe below.
Reviewing The Nutmeg Mobile App
Note: Nutmeg's mobile app has a lot of functionality and is being developed all the time. The below information was accurate at the time of compiling this Nutmeg review.
Understand the capabilities of the mobile apps of Nutmeg, ForexVox, Charter Prime & fxglobe below.
Alternatives To Nutmeg
If, after studying this Nutmeg review, they don't quite fulfill your needs check out these Nutmeg alternatives.
We've scoured the web to find the best alternatives to Nutmeg. Click the hyperlinks below to find out more.
Frequently Asked Questions about Nutmeg
Can I try Nutmeg before I buy?
Yes, you can most certainly try Nutmeg before you buy. Nutmeg offers demo accounts for the convenience of inexperienced traders. You can use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register for a demonstration account on Nutmeg, you may set out with a decent amount of virtual currency. It's to establish a sense of security and confidence in you until you choose to invest your own money.
With this virtual Nutmegdemo account, you can experiment in any way, to whatever length you desire. You might also start positions, test different trading approaches, and more.
Nutmeg specifies on its official site that you can trade real time stocks with your demo account.
Is Nutmeg safe?
It is possible to drop all of your worries because we believe that Nutmeg is totally safe to use. It's in compliance with all the principles of Unregulated.
Nevertheless, Nutmeg doesn't provide assured stop-loss protection.
Why does Nutmeg ask for my passport?
The reason that Nutmeg asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Nutmeg has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Nutmeg must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Nutmeg?
The process to start trading withNutmeg is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Nutmeg website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Nutmeg is $0. You should have a good understanding of the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Nutmeg.
The best way to kickstart your trading career with Nutmeg is to open a demo account facility before risking any real money
What funding methods do Nutmeg accept?
There are multiple ways to finance your account with Nutmeg. The process is effortless and quick, with various payment methods at your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You have to keep in mind that PayPal is not available in all place. The currencies Nutmeg
Is my money safe with Nutmeg?
Yes, your cash is safe and secure with Nutmeg. As you already know, Nutmeg operates with good conformation to. It has established lots of steps to guard all its investors.
Nutmeg safeguards its clients' personal and sensitive data under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you wish to further protect your accounts, you can enable Two-Step Verification also. It takes an SMS confirmation for you to access your accounts.
Is Nutmeg trading good?
Yes, trading through Nutmeg is a pleasant and good experience indeed. It's an excellent and intuitive platform with useful features for your ease. Moreover, you can also gain access to a vast collection of educational tools and assistive material to kickstart your trading expertise.
If you remain skeptical, you can open a eToro demo account and assess the trustworthiness of the platform on your own.
Which Countries does Nutmeg support?
Nutmeg operates around the world. However, due to regulations there are some countries that Nutmeg can't accept clients resident in BR, KR, IR, IQ, SY, JP, US
Is Nutmeg legit?
Nutmeg is a legit company headquarted in USA since 2008. They are regulated by Unregulated. Nutmeg is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Nutmeg a good broker?
Nutmeg is a great broker, and its users may vouch for this. The highlight of the platform is its quick order execution on transactions.
You'll find the clean design of this platform and the admirable features a pleasure to work with.
Is Nutmeg a trustworthy broker?
Yes, Nutmeg is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Nutmeg?
The minimum deposit to open a live account with Nutmeg is $0
How long do Nutmeg withdrawals take?
Normally, withdrawal of money from Nutmeg is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Nutmeg to show in your bank account.
Are Nutmeg regulated?
Nutmeg are regulated by Unregulated
Is Nutmeg a market leading broker?
Nutmeg is indisputably one of the industry leaders. It has over 10,000+ registered users and over 13 years of expertise on its record. They are one of the world's leading trading platforms and a dominant figure in the Fintech revolution.
It majorly owes this status to its unbelievable platform and wide selection of resources plus tools so you can invest in capital markets.
Is Nutmeg a con?
No, Nutmeg is not a con. They are regulated by Unregulated and must adhere to their rules. Thus, it is safe to say that Nutmeg is not a scam.
Can you make money with Nutmeg?
Using Nutmeg, several traders make a great deal of money. But typically, through continual trading, you can make between 2% - 10% profit a month.
This may seem like a little number, but within the entire year, this adds to a substantial amount of gains. Even though Nutmeg supply you all the tools to earn money, they can't guarantee that you will gain.
Does Nutmeg have fees?
Yes. To begin trading using Nutmeg, you have to deposit $0. Certain commissions while trading also apply. Any processing fees from your bank will have to be incurred by you.
When was Nutmeg founded?
Nutmeg was founded in 2008 in USA. Nutmeg is regulated by Unregulated.
How many people use Nutmeg?
Nutmeg is a globally recognised broker with 10,000+ clients.
Where is the Nutmeg head office?
Nutmeg has its head office in USA
Does Nutmeg offer negative balance protection?
Yes, Nutmeg has Negative Balance Protection. It is specially offered when the market volatility keeps customers from letting their account go into the red. In such a scenario, Nutmeg provides the ability to reset a clients account balance to zero.
You can go through the important stipulations on Nutmeg's site to comprehend their policies better.
Does Nutmeg offer guaranteed stop loss?Nutmeg regrettably, does not offer guaranteed stop loss. Nutmeg provides a chance for its dealers to close their trades at their specified price. Aside from that, Nutmeg does not provide guaranteed stop loss.
Does Nutmeg allow scalping?Yes, Nutmeg do allow scalping. Many traders across the world choose Nutmeg due to their services that are trading. They offer trading on WebTrader, Desktop, Mobile & Apps which allow this.
Does Nutmeg allow hedging?
Yes, Nutmeg does allow hedging.
Can you trade energies with Nutmeg?
No, unfortunately you cannot trade energy stock with Nutmeg
Can you trade agricultural shares with Nutmeg?
No, unfortunately you cannot trade agricultural stock with Nutmeg
Can you trade cryptocurrency with Nutmeg?
No, unfortunately you cannot trade cryptocurrency with Nutmeg
Can you trade metals with Nutmeg?
No, unfortunately you cannot trade metals with Nutmeg
Can you trade UK Shares with Nutmeg?
Yes, you can trade UK shares with Nutmeg
Can you trade US Shares with Nutmeg?
No, unfortunately you cannot trade US shares with Nutmeg
Can you trade Japanese Shares with Nutmeg?
No, unfortunately you cannot trade Japanese shares with Nutmeg
Can you trade German Shares with Nutmeg?
No, unfortunately you cannot trade German shares with Nutmeg
Does Nutmeg accept bank transfers?
Yes, Nutmeg accepts bank transfers for depositing money.
Does Nutmeg accept credit cards?
Yes, Nutmeg accepts credit cards for depositing money.
Does Nutmeg accept PayPal?
No, Nutmeg does not accept PayPal.
Does Nutmeg accept Skrill?
No, Nutmeg does not accept Skrill.
Does Nutmeg accept Payoneer?
Yes, Nutmeg accepts Payoneer for depositing money.
Does Nutmeg accept Neteller?
No, Nutmeg does not accept Neteller.
Does Nutmeg offer Live Chat customer support?
Yes, Nutmeg offers customer support through live chat.
Does Nutmeg offer phone customer support?
Yes, Nutmeg offers customer support over the telephone.
Does Nutmeg offer email customer support?
Yes, Nutmeg offers customer support through email.
What languages can Nutmeg communicate in?
Nutmeg has the ability to communicate and support customers who speak: English, and Chinese
Does Nutmeg have a wikipedia page?
No, Nutmeg does not have an official wikipedia page.
Does Nutmeg offer demo accounts?
Yes, Nutmeg offers demo accounts so you can test your trading strategies before risking any real money. Inexperienced traders can open a demo account in order to become better acquainted with the aspects of Forex trading and test out some of Nutmeg's features before getting a live account.