FxPro
Nutmeg
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Overview
FxPro was founded in 2006 and is headquartered in UK, while Nutmeg was established in 2008 and is based in USA. FxPro holds licences including Financial Conduct Authority (FCA), while Nutmeg is regulated by Unregulated among others. FxPro serves 10,000+ clients worldwide; Nutmeg has 10,000+. The minimum deposit is $100 at FxPro and $0 at Nutmeg.
| Feature | FxPro | Nutmeg |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA) | Unregulated |
| Founded | 2006 | 2008 |
| Country | UK | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between FxPro and Nutmeg, directly affecting your bottom line as a trader. Nutmeg has a lower barrier to entry with a minimum deposit of $0 (vs $100 at FxPro). Neither broker charges withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, Nutmeg scores higher on fees in our assessment.
| Feature | FxPro | Nutmeg |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
FxPro offers MT4, MT5, cTrader, while Nutmeg supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | FxPro | Nutmeg |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, cTrader, Tablet & Mobile apps | WebTrader, Desktop, Mobile & Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how FxPro and Nutmeg compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. Nutmeg scores higher overall in education and research.
| Feature | FxPro | Nutmeg |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. FxPro accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while Nutmeg supports 2 (bank transfer, credit/debit card). FxPro uniquely supports PayPal and Skrill and Neteller among the two brokers. FxPro scores higher on deposit and withdrawal flexibility.
| Feature | FxPro | Nutmeg |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both FxPro and Nutmeg offer live chat support. Both provide phone support. Email support is available at both brokers. FxPro supports 15 languages and Nutmeg supports 2, giving FxPro broader global reach. Both brokers are comparable on support quality.
| Feature | FxPro | Nutmeg |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, and Vietnamese | English, and Chinese |