The best alternatives to Davy Select are
- DEGIRO - German-Dutch discount broker
- Interactive Brokers - International broker providing all asset classes
- Saxo Bank - Danish investment bank
- CapTrader - Global broker providing all asset classes
Let's see in a bit more detail how the Davy Select alternatives compare to Davy Select and each other:
| Davy Select | DEGIRO | Interactive Brokers | Saxo Bank | CapTrader | |
|---|---|---|---|---|---|
| Overall score | 3.0 stars | 4.9 stars | 4.9 stars | 4.8 stars | 4.1 stars |
| Fees score | 1.1 stars | 4.5 stars | 4.5 stars | 3.0 stars | 3.6 stars |
| Account opening score | 2.5 stars | 5.0 stars | 3.2 stars | 4.3 stars | 1.0 stars |
| Deposit and withdrawal score | 2.3 stars | 3.0 stars | 3.0 stars | 4.8 stars | 3.0 stars |
| Web platform score | 4.2 stars | 4.0 stars | 3.8 stars | 5.0 stars | 4.3 stars |
| Markets and products score | 3.1 stars | 3.8 stars | 5.0 stars | 5.0 stars | 5.0 stars |
| Visit broker | Visit broker | Visit broker | Visit broker |
Why are these brokers considered good alternatives to Davy Select? There are many areas based on which Davy Select can be compared with others. When we say a given online broker is a good alternative to Davy Select we mean these brokers are comparable in the following areas:
- The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
- The type of clients they target, i.e. beginners, experienced investors, or day traders.
Davy Select alternatives recommendations
Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:
- Davy Select is recommended for investors focusing on irish and uk markets
- DEGIRO is recommended for traders and investors looking for execution only
- Interactive Brokers is recommended for traders looking for broad market access and a professional trading environment
- Saxo Bank is recommended for investors and traders looking for a great trading platform and solid research
- CapTrader is recommended for investors and traders looking for low fees and sophisticated trading platforms
Important factors of finding Davy Select alternatives
So far BrokerChooser has reviewed 101 online brokers in detail, which gives this comparison a solid starting point.
Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we
- open a live account
- check over 100 criteria, with weighting based on readers' preferences
- refresh data regularly
Whether Davy Select or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:
Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Davy Select is considered to be a rather expensive broker. This gives you a good chance to cut your costs by choosing a cheaper Davy Select alternative.
Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Davy Select, the account opening is slower than average, so if you consider this important some Davy Select alternatives can be a good choice.
Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at Davy Select, some alternatives might allow you to do that.
Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.
Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Davy Select alternative is a must.
Now let's dive into the details of how Davy Select and its alternatives perform in the most important areas!
Davy Select alternatives
DEGIRO
DEGIRO is a German-Dutch online discount broker. It was established in 2008 by former employees of another brokerage company in the Netherlands. DEGIRO merged with flatexDEGIRO Bank AG in early 2021, creating the biggest online execution-only broker in Europe with its own banking license.
Check out our DEGIRO review tailored to the needs of beginner investors and traders.
DEGIRO is regulated by top-tier financial authorities such as the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, or BaFin) in Germany.
Disclaimer: Investing involves risk of loss.
Disclaimer for UK clients: Deemed authorised and regulated by the Financial Conduct Authority (FCA). The nature and extent of consumer protections may differ from those applicable to firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the FCA's website.
Recommended for traders and investors looking for execution only
| Pros | Cons |
|---|---|
|
• One of the lowest fees on the market
|
• Forex not available
|
|
• Regulated by top-tier authorities
|
• Limited research tools
|
|
• Easy-to-use web and mobile platform
|
• No credit/debit card deposit
|
Fees
DEGIRO has low trading fees for all asset classes. Non-trading fees are also low, as there are no inactivity or withdrawal fees. On the negative side, trading US options or futures will come with a €5 monthly fee. If you need currency conversion, a 0.25% fee will apply.
| Pros | Cons |
|---|---|
|
• Low fund fees
|
• €5 monthly fee for trading US derivatives (options and futures)
|
|
• No inactivity fee
|
• 0.25% FX conversion fee
|
|
• Low stock and ETF fees
|
|
| DEGIRO | Davy Select | |
|---|---|---|
| Apple benchmark fee | $2.3 | $52.2 |
| Vodafone benchmark fee | $7.0 | $30.5 |
| EURUSD benchmark fee | - | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
The account opening process at DEGIRO is fast, fully digital, and no minimum deposit is required.
| Pros | Cons |
|---|---|
|
• Fast
|
None |
|
• Fully digital
|
|
|
• No minimum deposit
|
|
| DEGIRO | Davy Select | |
|---|---|---|
| Minimum deposit | $0 | $495 |
| Time to open account | 1 day | >3 days |
If you are interested more in DEGIRO minimum deposit, this overview will help you.
Deposit and withdrawal
DEGIRO deposits and withdrawals are free of charge via bank transfer. A big drawback though is that you can't deposit funds using a credit or debit card.
| Pros | Cons |
|---|---|
|
• Free withdrawal
|
• Credit/Debit card not available
|
|
• No deposit fee
|
|
|
• Several account base currencies
|
|
| DEGIRO | Davy Select | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
DEGIRO's web platform is very basic and easy to use, even for beginners. On the negative side, you can't set price alerts.
| Pros | Cons |
|---|---|
|
• User-friendly
|
• Limited customizability (for charts, workspace)
|
|
• Clear fee report
|
• No price alerts
|
|
• Two-step (safer) login
|
|
| DEGIRO | Davy Select | |
|---|---|---|
| Web platform score | 4.0 stars | 4.2 stars |
| Mobile platform score | 4.5 stars | - |
| Desktop platform score | - | - |
Learn more about DEGIRO's web trading platform in the detailed DEGIRO review.
Markets and products
At DEGIRO, you can access many markets and trade a lot of different products. CFDs and forex are not available, though.
| DEGIRO | Davy Select | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | No | No |
| Funds | Yes | Yes |
| Bonds | Yes | Yes |
| Options | Yes | No |
| Futures | Yes | No |
| CFDs | No | No |
| Crypto | No | No |
Verdict
DEGIRO is a good choice if you want a simple platform and don’t want to spend too much on fees.
Transaction costs are generally very low. In addition, the account opening process is fast.
On the other hand, as DEGIRO is an execution-only broker, its research tools are limited. We should also mention that it offers no forex trading, and most clients can only deposit and withdraw by bank transfer.
All in all, DEGIRO is a great online broker. There is no minimum deposit and no inactivity fee, so feel free to go ahead and give it a try.
| DEGIRO | |
|---|---|
| Summary | DEGIRO is a discount broker that merged with flatexDEGIRO Bank AG and is supervised by the German financial regulator. |
| Fees score | 4.5 stars |
| Recommended for | Traders and investors looking for execution only |
Davy Select alternatives
Interactive Brokers
Interactive Brokers, one of the biggest US-based discount brokers, was founded in 1977. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).
Given that the broker has licenses from multiple top-tier regulators, has a long track record and publicly disclosed financials while being listed on a stock exchange; it all points towards IB being a safe service provider.
Interactive Brokers recently launched a new app for global stock trading:. GlobalTrader is a simple platform where you can trade stocks and ETFs. If you are looking to trade only those two assets, GlobalTrader is the solution for you, since you will not get distracted with the other unnecessary information about other asset classes. In addition, you will have a more convenient time navigating through its simple user interface. It is also easier and quicker to create a GlobalTrader account than to create an Interactive Brokers account. Read our review of IBKR GlobalTrader
In addition, Interactive Brokers also has an app you can use for ESG investing: read our review of IMPACT by Interactive Brokers.
Recommended for traders looking for broad market access and a professional trading environment
| Pros | Cons |
|---|---|
|
• Low trading fees
|
• Complicated account opening process
|
|
• Wide range of products
|
• Complex desktop trading platform
|
|
• Many great research tools
|
• Understaffed customer service
|
Fees
Interactive Brokers has low trading fees and the best margin rates in the industry. For US clients, stock and ETF trading is free if they choose the Lite plan.
| Pros | Cons |
|---|---|
|
• Low trading fees
|
None |
|
• Free stock and ETF trading for US clients
|
|
|
• Low margin rates
|
|
| Interactive Brokers | Davy Select | |
|---|---|---|
| Apple benchmark fee | $2.3 | $52.2 |
| Vodafone benchmark fee | $7.6 | $30.5 |
| EURUSD benchmark fee | $14.7 | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the process is complicated and account verification takes relatively long.
| Pros | Cons |
|---|---|
|
• Fully digital
|
• Not user-friendly
|
|
• No minimum deposit for most account types
|
|
| Interactive Brokers | Davy Select | |
|---|---|---|
| Minimum deposit | $0 | $495 |
| Time to open account | 1-3 days | >3 days |
If you are interested more in Interactive Brokers minimum deposit, this overview will help you.
Deposit and withdrawal
Interactive Brokers offers several account base currencies and one free withdrawal per month. The main drawback is that you can only use bank transfer.
| Pros | Cons |
|---|---|
|
• No deposit fee
|
• Credit/Debit card not available
|
|
• Several account base currencies
|
|
|
• First withdrawal free each month
|
|
| Interactive Brokers | Davy Select | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
The Interactive Brokers web platform is simple and easy to use, even for beginners, however there are some minor but annoying glitches.
| Pros | Cons |
|---|---|
|
• User-friendly
|
• User experience could be better
|
|
• Clear fee report
|
|
|
• Two-step (safer) login
|
|
| Interactive Brokers | Davy Select | |
|---|---|---|
| Web platform score | 3.8 stars | 4.2 stars |
| Mobile platform score | 3.5 stars | - |
| Desktop platform score | 3.8 stars | - |
Learn more about Interactive Brokers's web trading platform in the detailed Interactive Brokers review.
Markets and products
At Interactive Brokers, you have access to an extremely wide range of markets and all product types are available.
| Interactive Brokers | Davy Select | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | No |
| Funds | Yes | Yes |
| Bonds | Yes | Yes |
| Options | Yes | No |
| Futures | Yes | No |
| CFDs | Yes | No |
| Crypto | Yes | No |
Verdict
Interactive Brokers is one of the biggest US-based lowest spread brokers, regulated by several top-tier regulators globally. We recommend this broker both for advanced traders and for everyday investors who want to have access to many stock markets.
On the plus side, IB offers very low fees, a vast range of markets and products, and diverse research tools.
There are some drawbacks, however. We weren't satisfied with the quality of the customer service and the account opening process is complicated. Unlike the web and mobile platforms, the desktop platform is complex and hard to get a handle on, especially for beginners.
If you have experience navigating complex platforms and enjoy transparent, low-cost trading, Interactive Brokers is a great fit for you.
| Interactive Brokers | |
|---|---|
| Summary | Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC. |
| Fees score | 4.5 stars |
| Recommended for | Traders looking for broad market access and a professional trading environment |
Davy Select alternatives
Saxo Bank
Saxo Bank, a Danish investment bank founded in 1992, provides online trading and investment services. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK's Financial Conduct Authority (FCA).
Saxo Bank is a global service provider and as such it operates a number of separate legal entities in different regions of the world. The services offered by the various entities may differ slightly, especially with respect to fees and product portfolios. In this review, we tested Saxo Markets UK.
Being regulated by top-tier financial authorities, having a long track record and a banking background are all good signs for Saxo Bank's safety.
Recommended for investors and traders looking for a great trading platform and solid research
| Pros | Cons |
|---|---|
|
• Great trading platform
|
• High bond, options and futures fees
|
|
• Outstanding research
|
• High minimum deposit
|
|
• Broad product portfolio
|
• Lacks live chat and 24/7 availability
|
Fees
Saxo Bank has overall average trading and non-trading fees, but the structure is quite mixed, with great differences between the fees for various asset classes.
| Pros | Cons |
|---|---|
|
• Low forex fees
|
• Inactivity fee
|
|
• Low fund fees
|
• Custody fee
|
|
• No withdrawal fee
|
• High fees for options and futures
|
| Saxo Bank | Davy Select | |
|---|---|---|
| Apple benchmark fee | $20.3 | $52.2 |
| Vodafone benchmark fee | $18.9 | $30.5 |
| EURUSD benchmark fee | $14.6 | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Saxo's account opening is fully digital, user-friendly and available in most countries. However, the minimum deposit is high in certain countries (can be $2,000).
| Pros | Cons |
|---|---|
|
• Fully digital
|
• Minimum deposit is high in certain countries
|
|
• User-friendly
|
|
|
• Available in almost every country
|
|
| Saxo Bank | Davy Select | |
|---|---|---|
| Minimum deposit | $2,000 | $495 |
| Time to open account | 1 day | >3 days |
If you are interested more in Saxo Bank minimum deposit, this overview will help you.
Deposit and withdrawal
Saxo Bank provides multiple deposit and withdrawal options free of charge, on a user-friendly interface.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• Electronic wallets not available
|
|
• Free withdrawal
|
|
|
• No deposit fee
|
|
| Saxo Bank | Davy Select | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
Saxo Bank's web trading platform is one of the best on the market. Easy to use, the platform also provides features tailored for professionals, such as an advanced order panel.
| Pros | Cons |
|---|---|
|
• User-friendly
|
None |
|
• Clear fee report
|
|
|
• Two-step (safer) login
|
|
| Saxo Bank | Davy Select | |
|---|---|---|
| Web platform score | 5.0 stars | 4.2 stars |
| Mobile platform score | 5.0 stars | - |
| Desktop platform score | 5.0 stars | - |
Learn more about Saxo Bank's web trading platform in the detailed Saxo Bank review.
Markets and products
Saxo Bank's product portfolio covers all asset classes and a lot of markets globally. Mutual funds are the only area where the selection could be improved.
| Saxo Bank | Davy Select | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | No |
| Funds | Yes | Yes |
| Bonds | Yes | Yes |
| Options | Yes | No |
| Futures | Yes | No |
| CFDs | Yes | No |
| Crypto | Yes | No |
Verdict
Saxo Bank is a great broker that provides a complex and good service.
It offers a user-friendly and well-designed trading platform, backed by great research. The product portfolio covers all asset types and many international markets.
It has some drawbacks though. The fees for bonds, options and futures are high. There is also a high minimum deposit for certain countries. Lastly, there is no live chat or 24/7 customer support.
In general, Saxo Bank is one of the best online brokerage companies out there. By opening an account, you will get a broad, well-developed service constantly adapted to the needs of clients.
| Saxo Bank | |
|---|---|
| Summary | Saxo Bank is a Danish investment bank. It is regulated by several top-tier financial authorities globally, including the UK regulator called FCA (Financial Conduct Authority). |
| Fees score | 3.0 stars |
| Recommended for | Investors and traders looking for a great trading platform and solid research |
Davy Select alternatives
CapTrader
CapTrader was founded in Germany in 1997. It is an introducing broker to Interactive Brokers (IB), one of the largest brokers in the world.
- The account opening and deposit/withdrawal options are very similar to Interactive Brokers.
- The trading platforms and available products are exactly the same as at Interactive Brokers.
- Fees, however, are charged by CapTrader, not by Interactive Brokers.
- CapTrader offers its own customer support and educational tools.
CapTrader is considered safe because it has a long track record and is regulated by top-tier financial authorities. After Brexit, European users of CapTrader are being served through the Irish licence of Interactive Brokers.
Recommended for investors and traders looking for low fees and sophisticated trading platforms
| Pros | Cons |
|---|---|
|
• Low stock and ETF fees
|
• Complicated account opening
|
|
• Wide range of products
|
• Complex desktop trading platform
|
|
• Many great research tools
|
|
Fees
CapTrader has low stock and ETF fees, and margin rates are also low. On the other hand, options and futures fees are high.
| Pros | Cons |
|---|---|
|
• Low stock and ETF fees / Free stock trading
|
• High options and futures fees
|
|
• Low stock and ETF fees
|
|
|
• One free withdrawal per month
|
|
|
• Low margin rates
|
|
| CapTrader | Davy Select | |
|---|---|---|
| Apple benchmark fee | $4.3 | $52.2 |
| Vodafone benchmark fee | $18.9 | $30.5 |
| EURUSD benchmark fee | $18.2 | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
CapTrader's account opening is fully digital, but the positives stop there: the process is complicated, account verification takes long, and there's a steep €2,000 minimum deposit.
| Pros | Cons |
|---|---|
|
• Fully digital
|
• Slow
|
|
|
• Not user-friendly
|
|
|
• High minimum deposit of €2,000
|
| CapTrader | Davy Select | |
|---|---|---|
| Minimum deposit | $2,000 | $495 |
| Time to open account | >3 days | >3 days |
If you are interested more in CapTrader minimum deposit, this overview will help you.
Deposit and withdrawal
CapTrader offers one free withdrawal per month and has a decent selection of account base currencies; however, it doesn't accept credit/debit cards and electronic wallets.
| Pros | Cons |
|---|---|
|
• No deposit fee
|
• Credit/Debit card not available
|
|
• One free withdrawal per month
|
• Electronic wallets not accepted
|
| CapTrader | Davy Select | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
CapTrader's WebTrader platform is user-friendly, has a clear fee report, and is accessible via a safe two-step login process.
| Pros | Cons |
|---|---|
|
• User-friendly
|
• User experience could be better
|
|
• Clear fee report
|
|
|
• Two-step (safer) login
|
|
| CapTrader | Davy Select | |
|---|---|---|
| Web platform score | 4.3 stars | 4.2 stars |
| Mobile platform score | 3.5 stars | - |
| Desktop platform score | 3.5 stars | - |
Learn more about CapTrader's web trading platform in the detailed CapTrader review.
Markets and products
Through CapTrader, you can access an extremely wide range of markets, and virtually all product types imaginable.
| CapTrader | Davy Select | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | No |
| Funds | Yes | Yes |
| Bonds | Yes | Yes |
| Options | Yes | No |
| Futures | Yes | No |
| CFDs | Yes | No |
| Crypto | Yes | No |
Verdict
CapTrader is a global stockbroker for investors and traders. We recommend this broker mainly for advanced traders.
On the plus side, CapTrader has low stock and ETF fees, a vast range of available markets and products, and diverse research tools.
There are some drawbacks, though. It charges high forex fees, and the account opening process is complicated. The desktop platform is complex and might be hard to get a handle on, especially for beginners.
If you have experience navigating complex platforms and enjoy transparent, low-cost trading, feel free to try CapTrader, as it could be a great fit for you.
| CapTrader | |
|---|---|
| Summary | CapTrader is a Germany-based global stockbroker for investors and traders. It is an introducing broker of Interactive Brokers IE, which is regulated by the Central Bank of Ireland. |
| Fees score | 3.6 stars |
| Recommended for | Investors and traders looking for low fees and sophisticated trading platforms |
Davy Select alternatives
Davy Select
Davy Select is an Irish stockbroker founded in 1926. The company is regulated by the Central Bank of Ireland. Davy Select is the execution-only brokerage arm of Davy Group, which provides a broad range of wealth management services.
Davy Select is considered safe because it has a long track record and is regulated by a top-tier financial authority.
Recommended for investors focusing on irish and uk markets
| Pros | Cons |
|---|---|
|
• Fast and helpful customer service
|
• High trading fees
|
|
• High-quality reserach tools
|
• Complicated account opening
|
|
• Great educational materials
|
• Only bank transfers for deposit and withdrawal
|
Fees
Davy Select has high stock, ETF, bond and fund trading fees. There is also a high inactivity fee. As a plus, there is no fee for withdrawals in Ireland.
| Pros | Cons |
|---|---|
|
• No fee for withdrawals in Irealand
|
• High stock and ETF fees
|
|
|
• High bond fees
|
|
|
• High inactivity fee
|
| Davy Select | DEGIRO | Interactive Brokers | Saxo Bank | CapTrader | |
|---|---|---|---|---|---|
| US stock | $26.0 | $1.0 | $1.0 | $10.0 | $2.0 |
| UK stock | $14.8 | $3.1 | $3.4 | $9.0 | $9.0 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k
Account opening
At Davy Select, you can choose from many account types. However, the account opening process is time-consuming and not fully digital.
| Pros | Cons |
|---|---|
|
• User-friendly
|
• Slow
|
|
• Many account types
|
• Not fully digital
|
| Davy Select | DEGIRO | Interactive Brokers | Saxo Bank | CapTrader | |
|---|---|---|---|---|---|
| Minimum deposit | $495 | $0 | $0 | $2,000 | $2,000 |
| Time to open account | >3 days | 1 day | 1-3 days | 1 day | >3 days |
Learn more about Davy Select minimum deposit here.
Deposit and withdrawal
Deposit at Davy Select are free, as are next-day withdrawals within Ireland. However, there's a high fee for international withdrawals, and you can't use credit/debit cards.
| Pros | Cons |
|---|---|
|
• No deposit fee
|
• Credit/Debit card not available
|
|
• Free withdrawals in Ireland
|
• High fee for international withdrawals
|
|
|
• Limited number of account currencies
|
| Davy Select | DEGIRO | Interactive Brokers | Saxo Bank | CapTrader | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | No | No | No | No |
| Electronic wallets | No | No | No | No | No |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
Web trading platform
Davy Select has a user-friendly web trading platform, including safe two-step login and clear fee reports. However, the platform is not customizable and order types are limited.
| Pros | Cons |
|---|---|
|
• User-friendly
|
• Limited customizability (for charts, workspace)
|
|
• Clear fee report
|
• Limited order types
|
|
• Two-step (safer) login
|
|
| Davy Select | DEGIRO | Interactive Brokers | Saxo Bank | CapTrader | |
|---|---|---|---|---|---|
| Web platform score | 4.2 stars | 4.0 stars | 3.8 stars | 5.0 stars | 4.3 stars |
| Mobile platform score | - | 4.5 stars | 3.5 stars | 5.0 stars | 3.5 stars |
| Desktop platform score | - | - | 3.8 stars | 5.0 stars | 3.5 stars |
Learn more about Davy Select's web trading platform in the detailed Davy Select review.
Markets and products
Davy Select has products suitable for investing such as stocks, ETFs or funds. You can also access international markets. However, popular asset classes like forex or CFDs are missing.
| Davy Select | DEGIRO | Interactive Brokers | Saxo Bank | CapTrader | |
|---|---|---|---|---|---|
| Stocks | Yes | Yes | Yes | Yes | Yes |
| ETFs | Yes | Yes | Yes | Yes | Yes |
| Forex | No | No | Yes | Yes | Yes |
| Funds | Yes | Yes | Yes | Yes | Yes |
| Bonds | Yes | Yes | Yes | Yes | Yes |
| Options | No | Yes | Yes | Yes | Yes |
| Futures | No | Yes | Yes | Yes | Yes |
| CFDs | No | No | Yes | Yes | Yes |
| Crypto | No | No | Yes | Yes | Yes |
Verdict
Davy Select is an Irish stockbroker, regulated by the Central Bank of Ireland.
On the plus side, Davy Select has great customer support. We received relevant and quick answers to our questions. The research section offers trading ideas, a broad array of fundamental data and a quality news feed to help you formulate your investing strategy. Davy Select also offers great educational materials including great articles and platform tutorial videos, among others.
However, trading fees are really high and there is also an inactivity fee. The account opening process is overly complicated, and you can use only bank transfer to deposit or withdraw.
As Davy Select offers many account types and has a solid research and education service to help you with investing decisions, we encourage you to give it a try.
| Davy Select | |
|---|---|
| Summary | Davy Select is an Irish stockbroker, regulated by the Central Bank of Ireland. |
| Fees score | 1.1 stars |
| Recommended for | Investors focusing on Irish and UK markets |
Davy Select alternatives
Bottom line
Based on our analysis, there are several good alternatives to Davy Select. They all offer similar products and target similar customers. Here's a recap of the results in a table.
| Broker | Info | Recommended for |
|---|---|---|
| Davy Select | Irish stockbroker | Investors focusing on Irish and UK markets |
| DEGIRO | German-Dutch discount broker | Traders and investors looking for execution only |
| Interactive Brokers | International broker providing all asset classes | Traders looking for broad market access and a professional trading environment |
| Saxo Bank | Danish investment bank | Investors and traders looking for a great trading platform and solid research |
| CapTrader | Global broker providing all asset classes | Investors and traders looking for low fees and sophisticated trading platforms |
Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.
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