Nutmeg Guide – Read our In-Depth Nutmeg Review
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 US users.
If you are a new entrant in the realm of trading and brokerage, so many details will be perplexing for you. Getting into the world of trading requires expert analyzing skills and comprehensive knowledge. You will get adept at all of the concepts of broker as you keep trading. For starters, you have to choose the ideal agent who'll be transparent with you always.
In this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment plan will generate hefty returns. Nutmeg is just one such stage which will take you and your investment to great heights. It is crucial to understand about Nutmeg until you trust them with your cash.
Our full Nutmeg Review covers all you need to know about trading with Nutmeg. A fantastic agent can multiply your initial investments and provide you positive profits. If you want to earn profits, you should trade with a broker service that contrasts with your investment goals.
There's absolutely no sure-fire method to ensure profits; therefore, you must carefully assess your agent before you select them. It is a common misconception that all brokers will be the same, but that is not true. Wrong judgment, in the beginning, can set your investments in danger.
Nutmeg is a broker that has found its way successfully to the brokerage world. Within this review, we have attempted to collate a number of the important facets of Nutmeg. This review can help you to know whether Nutmeg is a good match for your investments or not. We've attempted to breakdown all the qualities 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?
- 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 forex broker headquartered in USA and provides a variety of tools for online trading. Since its inception in 2008, Nutmeg has emerged as a top-tier player in the field of online brokerage. Nutmeg includes an extremely aggressive and full-featured trading website that's focused on currency, indices, metals, sharesand commodities.
Over the past 13 years, Nutmeg has grown into one of the leading online brokers.
After establishing in 2008, their consumer base has become as big as 10,000+ clients.
Nutmeg is the favorite for many dealers.. Our Nutmeg review found that they're an superb choice for automated trading options. It is best suited for investors who are searching for a variety of assets. Social and automated trading options are the heart at Nutmeg.
Technology plays a substantial role at Nutmeg. Nutmeg features trading on WebTrader, Desktop, Mobile & Apps. Nutmeg is fair, transparent, and a well-regulated agent by the Unregulated. Their outstanding variety of tools will be beneficial for most traders. Third-party partnerships also provide in-house analysis.
The educational department at Nutmeg is quite insightful for new traders 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 should know about trading using Nutmeg
Nutmeg is a lively platform that offers various methods of trading. These tools cover the monetary markets considerably. The Majority of the brokerage platforms offer fewer methods than Nutmeg
If you want to exchange with Nutmeg, you will need a minimum deposit of $0. This deposit is compulsory if you would like to start trading using Nutmeg. This 2021 Nutmeg review will guide you easily about trading with them.
Nutmeg is as versatile as any other broker platform. Nutmeg is excellent for traders who want a manageable assortment of low-cost services. The platforms supplied by Nutmeg are third party, white-label offerings. All traders can pick from WebTrader, Desktop, Mobile & Apps.
Along with everything, Nutmeg has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a transaction must be kept open. The brokers provide premium customer service which rewards clients with advantages.
Many less reputable brokers try to pressurise consumers into bigger financing for premium services. Nutmeg, on the other hand, is more concentrated on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the greater benefits will come along.
Nutmeg accounts are available all over the world and provides excellent service wherever they have clients. There are some select few countries where Nutmeg accounts are not available. Traders in the following countries cannot open or use a Nutmeg account:
Is Nutmeg Safe To Trade With?
Launched in 2006, 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 ploicies in place to keep investor's assets procured. This usually means that Nutmeg users don't need to be worried about their money since it's segregated and safely kept in banks that are established. SSL encryption simplifies each user's private information as well.
You can make use of a choice for 2 Factor Authentications (2FA) with Nutmeg for increased safety. An SMS for the confirmation code will be sent to your phone. You will be asked to enter this code to log in to your accounts.
Another concern with fiscal brokers is in regards to security might be manipulation of trading. This is highly disadvantageous for users on those platforms. However, this is much more prevalent in the example of Market Maker brokers who compete with users on the platform.
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 doesn't charge inactivity fees
- Nutmeg doesn't charge deposit fees
- Nutmeg doesn't charge CFD fees
- Nutmeg offer trading on WebTrader, Desktop, Mobile & Apps
- Nutmeg offer 273 trading instruments
- Nutmeg trades major forex pairs
- Nutmeg can communicate in
- Nutmeg does not offer Negative Balance Protection
- Nutmeg does not offer Guaranteed Stop Loss
- Nutmeg charge withdrawal fees
- Nutmeg doesn't trade minor forex pairs
- Nutmeg doesn't trade exotic forex pairs
- Nutmeg doesn't offer trading on cryptocurrencies
Nutmeg Review - Compare Brokers Similar To Nutmeg
|Regulated By||Unregulated||Unregulated||Financial Conduct Authority (FCA)||Financial Conduct Authority (FCA)|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Losses can exceed deposits||Losses can exceed deposits|
Nutmeg Review - Regulation And Licencing In More Detail
Nutmeg is regulated by Unregulated.
Nutmeg, as a business, has a powerful collection of rules for ensuring honest trading onto its own platform. For data encryption functions, it provides an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Nutmeg Review - Awards
- At the time of writing this Nutmeg review, they had not received any awards.
Nutmeg Review - Minimum Deposit Required
The minimum deposit that you must deposit to get started on Nutmeg is $0. This is a decent amount for people just beginning. You can create more advanced residue as you cooperate. But, make certain that you understand how to make the most of your cash before investing 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 charge. The cause of this is that the companies of online brokerages are scaled much better. That is, an internet broker is not necessarily affected by the number of customers they have.
However, this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly three types of penalties for this purpose.
The first kind of fees to keep an eye out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you're charged trading fees. In such instances, you're paying a spread, funding rate, or a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread refers to the gap between the buying and selling cost. Funding or overnight prices are those who are billed when you hold a leveraged position for longer than daily.
Aside from trading fees, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your accounts. They're charged for surgeries like depositing money, not investing for long periods, or withdrawals.
In general, Nutmeg does not charge high fees in comparison to other online agents. For operations other brokers charge for, they do not charge a broker fee, or they charge a lesser sum. This is beneficial for people who regularly exchange, for example daily or weekly trading.
However, non-trading fees billed by Nutmeg are relatively competitive. Consequently, you are charged more for non-trading actions in your trading accounts, like deposits and withdrawal. These are not related to the sale and purchase of assets.
This Nutmeg review breaks down each of the applicable non-trading charges for you in detail.
Compare broker fees against Nutmeg
Nutmeg Review - Withdrawal Fees Explained
Nutmeg charges a withdrawal fee when you create a bank transfer. Each time you move money into your bank accounts, these withdrawal fees become important.
Withdrawal of money is possible at any time from the Nutmeg account. You can draw up sums to the sum of your account balance, keeping aside the perimeter used. One thing to keep in mind is that you don't necessarily have to have any money on your account.
Moreover, the withdrawn money will be transferred directly to the accounts you use to create deposits. Therefore, if you used a credit card for deposits, the withdrawn cash is going to be sent into 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 case you are withdrawing money in different currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you are choosing to withdraw in.
Nutmeg Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions that run through your head when open an account with Nutmeg. An inactivity fee is an amount charged to registered traders that haven't engaged in buying or selling for a while. The period regarded as inactive is determined by the broker.
The inactivity fee differs from one broker to another and is not standardized. If a traders account doesn't have a buying or selling trade, it's maintained by the agent as an inactivity charge. The traders need to pay this fee under terms and conditions that they had agreed while enrolling.
Nutmeg doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no charges are implied by Nutmeg, it's best for you to close the account if you are inactive. Inactivity fees aren't just charged by brokerage firms but also many financial services.
For additional trading platforms, the inactivity fee is contingent upon the type of account you have chosen. The inactivity fee is exposed to many conditions and needs to be revealed clearly by the agent beforehand.
Nutmeg Review - Deposit Fees Explained
When you move money into your trading account by the bank account, a deposit fee can be charged by the broker. Most brokers don't charge an excessive amount of money for this 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 simple. You just need to complete a single-user profile questionnaire to start depositing money into your trading account. You'll have to provide an identity proof and evidence of residency to deposit large amounts.
Nutmeg Review - Compare Broker Deposit Methods
What Can You trade With Nutmeg?
Note: Nutmeg provides many different trading instruments due to regulatory restrictions in various countries. Trading instruments offered will be different 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 currency pairs is of interest to you then Nutmeg offer over forex pairs.
Compare Nutmeg, Bithumb, GKFX & Core Spreads below.
Alternatives To Nutmeg
If, after reading this Nutmeg review, Nutmeg does not meet your needs check out these Nutmeg alternatives.
We've scoured the internet to find the best alternatives to Nutmeg. Click the links below to learn more.
Frequently Asked Questions about Nutmeg
Can I try Nutmeg before I buy?
Yes, you can most definitely try Nutmeg before you buy. Nutmeg offers demo accounts for the convenience of new traders. You may use this feature to build your faith in the machine and yourself and your trading strategies.
If you sign up to get a demo account on Nutmeg, you may set out using a decent amount of virtual currency. It is to establish a sense of security and confidence in you until you choose to spend your own money.
With this digital Nutmegdemo account, you are able to experiment at all, to whatever length you wish. You can even open positions, examine different trading approaches, and much more.
Nutmeg specifies on its official website that you are able to exchange real time stocks in a demo account.
Is Nutmeg safe?
You can drop all your worries because we believe that Nutmeg is perfectly safe to use. It is in compliance with the rules of Unregulated.
Even so, Nutmeg does not 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 acocunt with Nutmeg is $0. You should have a good hold over 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 accounts with Nutmeg. The process is effortless and quick, with different payment methods in your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You must keep in mind that PayPal isn't available in all place. The currencies Nutmeg
Is my money safe with Nutmeg?
Yes, your money is safe and protected with Nutmeg. As you know, Nutmeg operates with proper conformation to. It has established lots of measures to guard all of its investors.
Nutmeg protects its customers' private and sensitive information under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you wish to further protect your account, you can enable Two-Step Verification also. It requires an SMS affirmation that you get your accounts.
Is Nutmeg trading good?
Yes, trading through Nutmeg is a pleasant and good experience indeed. It is a great and intuitive platform with useful features for your ease. In addition, you can also obtain access to a vast collection of educational resources and assistive substance to kickstart your trading experience.
If you are still skeptical, you can start a eToro demo account and assess the trustworthiness of the platform on your own.
Which Countries does Nutmeg support?
Nutmeg operates around the globe. However, due to regulations there are some countries that Nutmeg does not accept clients resident in
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 an excellent agent, and its own users may vouch for it. The highlight of the platform is its quick order execution on trades.
You will discover the clean design of this platform and the commendable 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 business leaders. It has over 10,000+ registered users and over 13 years of expertise on its record. They are one of the world's top trading platforms and also a prominent figure in the Fintech revolution.
It majorly owes this standing to its unbelievable platform and broad selection of tools plus resources 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?
Through Nutmeg, several traders earn a great deal of money. But typically, through continual trading, you also can make between 2% - 10% profit a month.
This may seem like a little number, but over the year, this adds to a significant number of gains. While Nutmeg provide you all the tools to make money, they cannot guarantee you will gain.
Does Nutmeg have fees?
Yes. To start trading using Nutmeg, you need to deposit $0. Certain commissions while trading additionally applies. Any processing fees from your bank will need 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 worldwide recognised agent with 10,000+ customers.
Where is the Nutmeg head office?
Nutmeg has its head office in USA
Does Nutmeg offer negative balance protection?
No. Nutmeg doesn't offer negative balance protection. If your balance is negative, Nutmeg suggests that you promptly contact customer services. For this, you are able to fix any imbalances within your account.
Does Nutmeg offer guaranteed stop loss?Nutmeg unfortunately, does not offer guaranteed stop loss. Nutmeg gives a chance to its dealers to close their trade at their specified price. Apart from that, Nutmeg does not provide guaranteed stop loss.
Does Nutmeg allow scalping?Yes, Nutmeg do permit scalping. Several traders across the world choose Nutmeg for their services that are trading. They offer trading on WebTrader, Desktop, Mobile & Apps which let 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?
Yes, you can trade German shares with Nutmeg
Does Nutmeg accept bank transfers?
No, Nutmeg does not accept bank transfers.
Does Nutmeg accept credit cards?
No, Nutmeg does not accept credit cards.
Does Nutmeg accept PayPal?
No, Nutmeg does not accept PayPal.
Does Nutmeg accept Skrill?
No, Nutmeg does not accept Skrill.
Does Nutmeg accept Payoneer?
No, Nutmeg does not accept Payoneer.
Does Nutmeg accept Neteller?
No, Nutmeg does not accept Neteller.
Does Nutmeg offer Live Chat customer support?
No, Nutmeg does not offer customer support through live chat.
Does Nutmeg offer phone customer support?
No, Nutmeg does not offer customer support over the telephone.
Does Nutmeg offer email customer support?
No, Nutmeg does not offer customer support through email.
What languages can Nutmeg communicate in?
Nutmeg has the ability to communicate and support customers who speak:
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 learn their systems before risking any real money.