Both are FCA-regulated and FSCS-protected. The real difference is fees, account types and how each platform feels to use. Verified against each provider’s published charges.
Fees verified July 2026. Capital at risk. Information, not financial advice.
Cost-conscious DIY investors who want to keep every fee at zero.
People who want their investments chosen and managed for them, including in a Lifetime ISA or Junior ISA, and who prefer one percentage fee to dealing charges.
Tick what you need. No account, no email. The answer is on this page.
Tick what you need above and we'll tell you which of the two covers it.
Account availability verified July 2026. Capital at risk. Information, not financial advice.
Reviewers consistently rate the app as easy to use and good value, and many mention the competitive interest paid on uninvested cash.
The most common criticisms are slow identity verification for new accounts and support that can take time to respond.
Read Trading 212 reviews on TrustpilotWe have not verified current review themes, so read recent reviews on independent sites to see what customers say since the Nutmeg brand became J.P. Morgan Personal Investing in November 2025.
For problems customers report, check the most recent reviews, as older ones may refer to the service under the Nutmeg name.
Read J.P. Morgan Personal Investing reviews on Trustpilot| Fee | Trading 212 | J.P. Morgan Personal Investing |
|---|---|---|
| Platform fee | £0 | Managed styles: 0.75% a year on the first £100k, 0.35% above. Fixed Allocation: 0.45%, then 0.25%. Inc. VAT; fund costs extra |
| Share dealing | £0 commission | No dealing charges (managed service) |
| Fund dealing | ETFs only, £0 commission | No trading charges; underlying ETF costs and market spread apply |
| FX fee | 0.15% | Not applicable: managed portfolios |
| Stocks & Shares ISA | Free | Stocks & Shares ISA (not flexible), Lifetime ISA, Junior ISA. No cash ISA |
| SIPP | Free | Yes: personal pension (SIPP), from £500 |
| Withdrawals | Free | No exit charge; in-specie transfers out £20 per line of stock |
| Minimum to start | £1 | £500 (ISA, pension, GIA); £100 (Lifetime ISA, Junior ISA); £10,000 (Income) |
Trading 212 built its name on removing fees. There is no platform fee, no dealing commission and no account charge on its ISA or SIPP. The only cost most investors pay is a 0.15% currency conversion fee when buying shares priced in dollars or euros.
The trade-off is scope. You can hold shares and ETFs but not traditional funds, and support is app-based. For an investor who wants a global tracker ETF inside an ISA at close to zero cost, it is very hard to beat on price.
J.P. Morgan Personal Investing is what Nutmeg became. J.P. Morgan bought Nutmeg in 2021 and retired the Nutmeg brand on 3 November 2025. The service works the same way: you choose an investment style, and the portfolio is built and managed for you. It offers a Stocks & Shares ISA, Lifetime ISA, Junior ISA, personal pension (SIPP) and general investment account.
You pay one service fee instead of dealing charges: 0.75% a year on the first £100,000 in the managed styles and 0.35% above that, or 0.45% then 0.25% for Fixed Allocation. On £20,000 that is £150 a year before fund costs. The trade-off is cost against effort: you pay more than a self-directed platform's fee, and in return the portfolio is chosen and rebalanced for you.
It depends on what you hold and how often you trade. Trading 212's platform fee is £0, against managed styles: 0.75% a year on the first £100k, 0.35% above. Fixed Allocation: 0.45%, then 0.25%. Inc. VAT; fund costs extra at J.P. Morgan Personal Investing. On dealing, Trading 212 charges £0 commission for shares and eTFs only, £0 commission for funds, while J.P. Morgan Personal Investing charges no dealing charges (managed service) for shares and no trading charges; underlying ETF costs and market spread apply for funds. Fees verified July 2026.
Trading 212 is best for cost-conscious DIY investors who want to keep every fee at zero. J.P. Morgan Personal Investing is best for people who want their investments chosen and managed for them, including in a Lifetime ISA or Junior ISA, and who prefer one percentage fee to dealing charges. Both are FCA regulated and covered by the FSCS.
On Trading 212's ISA: Free. On J.P. Morgan Personal Investing's ISA: Stocks & Shares ISA (not flexible), Lifetime ISA, Junior ISA. No cash ISA. Trading 212 offers a flexible ISA and J.P. Morgan Personal Investing does not. Minimums are £1 at Trading 212 and £500 (ISA, pension, GIA); £100 (Lifetime ISA, Junior ISA); £10,000 (Income) at J.P. Morgan Personal Investing.
Trading 212 offers a SIPP (free). J.P. Morgan Personal Investing offers a SIPP (yes: personal pension (SIPP), from £500).
Trading 212 scores 4.6 out of 5 on Trustpilot (Excellent) from tens of thousands of reviews. J.P. Morgan Personal Investing scores 4.1 out of 5 (Great) from 2,718 reviews, checked 9 October 2026. The most common criticisms are slow identity verification for new accounts and support that can take time to respond. For problems customers report, check the most recent reviews, as older ones may refer to the service under the Nutmeg name.
Yes. UK platforms accept ISA and SIPP transfers in, and you start the transfer with the receiving provider rather than the one you are leaving. Trading 212 charges free on withdrawals and J.P. Morgan Personal Investing charges no exit charge; in-specie transfers out £20 per line of stock. Transfer as cash and you are out of the market while it settles; transfer in specie and you keep your holdings but it takes longer.
Trading 212 or J.P. Morgan Personal Investing, the account is the easy part. What decides when you can retire is how much goes in and for how long. Delphina works that out from what you already hold and what you pay in each month.
Free to check. No card required. Takes about two minutes.