Nadex
Nutmeg
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Overview
Nadex 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. Nadex serves 10,000+ clients worldwide; Nutmeg has 10,000+. The minimum deposit is $250 at Nadex and $0 at Nutmeg.
| Feature | Nadex | Nutmeg |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Regulation | Unregulated | Unregulated |
| Founded | 2008 | 2008 |
| Country | USA | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Nadex and Nutmeg, directly affecting your bottom line as a trader. Nutmeg has a lower barrier to entry with a minimum deposit of $0 (vs $250 at Nadex). 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 | Nadex | Nutmeg |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Nadex offers 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. Nutmeg edges ahead on platform breadth and functionality in our scoring.
| Feature | Nadex | Nutmeg |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web,iPad,mac,Desktop,iPhoneiOS | WebTrader, Desktop, Mobile & Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Nadex and Nutmeg compare. Nutmeg runs regular live webinars; Nadex does not. Nutmeg has a video library; Nadex does not. Nutmeg publishes daily market commentary; Nadex does not. Nutmeg integrates third-party research tools (Trading Central, Autochartist); Nadex does not. Nutmeg maintains an archive of past webinars for on-demand viewing. Nutmeg scores higher overall in education and research.
| Feature | Nadex | Nutmeg |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Nadex 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 | Nadex | 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 Nadex 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 | Nadex | Nutmeg |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |