Nutmeg
SpreadCo
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Overview
Nutmeg was founded in 2008 and is headquartered in USA, while SpreadCo was established in 2005 and is based in London. Nutmeg holds licences including Unregulated, while SpreadCo is regulated by Financial Conduct Authority (FCA) among others. Nutmeg serves 10,000+ clients worldwide; SpreadCo has 10,000+. The minimum deposit is $0 at Nutmeg and $100 at SpreadCo.
| Feature | Nutmeg | SpreadCo |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Regulation | Unregulated | Financial Conduct Authority (FCA) |
| Founded | 2008 | 2005 |
| Country | USA | London |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Nutmeg and SpreadCo, directly affecting your bottom line as a trader. Nutmeg has a lower barrier to entry with a minimum deposit of $0 (vs $100 at SpreadCo). SpreadCo charges withdrawal fees while Nutmeg does not, giving Nutmeg an edge for frequent withdrawers. Nutmeg applies inactivity fees on dormant accounts; SpreadCo does not. SpreadCo charges deposit fees; Nutmeg does not. Overall, Nutmeg scores higher on fees in our assessment.
| Feature | Nutmeg | SpreadCo |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Nutmeg offers MT4, MT5, cTrader, while SpreadCo 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 | Nutmeg | SpreadCo |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | WebTrader, Desktop, Mobile & Apps | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Nutmeg and SpreadCo compare. Nutmeg runs regular live webinars; SpreadCo does not. Both provide video tutorials. Nutmeg publishes daily market commentary; SpreadCo 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 | Nutmeg | SpreadCo |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Nutmeg accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while SpreadCo supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Nutmeg | SpreadCo |
|---|---|---|
| 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 Nutmeg and SpreadCo 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 | Nutmeg | SpreadCo |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |