Ellevest
Nutmeg
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Overview
Ellevest was founded in 2008 and is headquartered in USA, while Nutmeg was established in 2008 and is based in USA. Both brokers are regulated by Unregulated, among other authorities. Ellevest serves 10,000+ clients worldwide; Nutmeg has 10,000+. The minimum deposit is $1 at Ellevest and $0 at Nutmeg.
| Feature | Ellevest | Nutmeg |
|---|---|---|
| Min. Deposit | $1 | $0 |
| Regulation | Unregulated | Unregulated |
| Founded | 2008 | 2008 |
| Country | USA | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Ellevest and Nutmeg, directly affecting your bottom line as a trader. Nutmeg has a lower barrier to entry with a minimum deposit of $0 (vs $1 at Ellevest). Ellevest charges withdrawal fees while Nutmeg does not, a notable advantage for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Ellevest charges deposit fees; Nutmeg does not. Overall, Nutmeg scores higher on fees in our assessment.
| Feature | Ellevest | Nutmeg |
|---|---|---|
| Min. Deposit | $1 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Ellevest offers MT4, MT5, cTrader, while Nutmeg supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Nutmeg supports social and copy trading features, which Ellevest does not offer. The two brokers are closely matched on platform offering.
| Feature | Ellevest | Nutmeg |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Windows, Android, Mac OS, iOS | WebTrader, Desktop, Mobile & Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ellevest and Nutmeg compare. Nutmeg runs regular live webinars; Ellevest does not. Both provide video tutorials. Nutmeg publishes daily market commentary; Ellevest does not. Both integrate third-party research tools. Nutmeg maintains an archive of past webinars for on-demand viewing. Nutmeg scores higher overall in education and research.
| Feature | Ellevest | Nutmeg |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Ellevest accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Nutmeg supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Ellevest | Nutmeg |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Ellevest and Nutmeg offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Ellevest | Nutmeg |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |