Nutmeg
Uphold
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Overview
Nutmeg was founded in 2008 and is headquartered in USA, while Uphold was established in 2013 and is based in United States. Nutmeg holds licences including Unregulated, while Uphold is regulated by FCA and FINCEN: Uphold Europe Limited among others. Nutmeg serves 10,000+ clients worldwide; Uphold has 4,000,000+. The minimum deposit is $0 at Nutmeg and $1 at Uphold.
| Feature | Nutmeg | Uphold |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Regulation | Unregulated | FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 |
| Founded | 2008 | 2013 |
| Country | USA | United States |
| Clients | 10,000+ | 4,000,000+ |
Fees
Fees are a critical factor when choosing between Nutmeg and Uphold, directly affecting your bottom line as a trader. Nutmeg has a lower barrier to entry with a minimum deposit of $0 (vs $1 at Uphold). Neither broker charges withdrawal fees. Nutmeg applies inactivity fees on dormant accounts; Uphold does not. The two brokers are broadly comparable on fee structure.
| Feature | Nutmeg | Uphold |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Nutmeg offers MT4, MT5, cTrader, while Uphold supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Nutmeg supports social and copy trading features, which Uphold does not offer. Nutmeg edges ahead on platform breadth and functionality in our scoring.
| Feature | Nutmeg | Uphold |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | WebTrader, Desktop, Mobile & Apps | Web, Desktop & Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Nutmeg and Uphold compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Nutmeg publishes daily market commentary; Uphold does not. Nutmeg integrates third-party research tools (Trading Central, Autochartist); Uphold does not. Archived webinars are available at both brokers for self-paced learning. Nutmeg scores higher overall in education and research.
| Feature | Nutmeg | Uphold |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
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 Uphold supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Nutmeg | Uphold |
|---|---|---|
| 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 Uphold offer live chat support. Nutmeg offers phone support; Uphold does not. Email support is available at both brokers. Nutmeg supports 2 languages and Uphold supports 1, giving Nutmeg broader global reach. Nutmeg scores higher overall on customer support in our assessment.
| Feature | Nutmeg | Uphold |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English |