Heat the Oil: Preheat your frying oil to 375°F. Use a thermometer for accuracy to ensure even cooking and prevent greasiness.
Prepare the Dough:
In a large bowl, sift together the dry ingredients: flour, sugar, baking powder, cinnamon, nutmeg, and salt.
In a separate bowl, whisk the eggs, buttermilk, and melted butter until well combined.
Gradually incorporate the wet ingredients into the dry mixture, stirring until just combined. Avoid overmixing to keep the dough tender.
Shape the Fry Cakes:
Transfer the dough to a lightly floured surface and roll it to a thickness of 1/2 inch.
Use a donut cutter or two round cutters (one large and one small) to create the fry cakes and their holes.
Let the cut dough rest for 5 minutes to ensure even frying.
Fry the Cakes:
Carefully place a few fry cakes into the hot oil without overcrowding. Fry each side for 2-3 minutes or until golden brown.
Use a slotted spoon to remove the cakes and drain them on a cooling rack placed over paper towels or newspaper.
Add Toppings: While still warm, coat the fry cakes in your desired topping.