Overview of Davy Select fees and charges
We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.
- Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
- Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
- Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
- Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.
Now, let's dive into the details and see what commissions, spreads, and financing rates Davy Select charges.
Davy Select commission and other fees
Davy Select commission and other trading fees
The bad news is that Davy Select has high trading fees in general. If you're looking for a discount broker, feel free to check out the best discount brokers. We ranked Davy Select fee levels as low, average or high based on how they compare with all reviewed brokers.
Check out this table to get an overview of whether Davy Select commissions, spreads, and financing rates for each asset class are low/average/high.
| Davy Select | DEGIRO | Interactive Brokers | |
|---|---|---|---|
| Stock and ETF | High | Low | Low |
| Forex | - | - | Low |
| Fund | Average | Low | Average |
| Bond | High | Low | Low |
| Options | - | Low | Low |
| Futures | - | Low | Low |
Now let's go over the trading fees for each asset class one by one.
Davy Select stock and ETF commissions, spreads
Davy Select stock and ETF commissions are high. Davy Select stock and ETF commissions are charged as per the table below.
| Davy Select | |
|---|---|
| US stock | 0.06% of trade value plus €25 flat settlement fee |
| UK stock | 0.5% of trade volume with a minimum fee of €14.99 |
| German stock | 0.06% of trade value plus €25 flat settlement fee |
| Indian stock | Not available |
You can compare Davy Select stock and ETF fees with the two closest competitors.
| Davy Select | DEGIRO | Interactive Brokers | |
|---|---|---|---|
| US stock | $28.0 | $2.1 | $1.0 |
| UK stock | $16.0 | $3.4 | $3.7 |
| German stock | $28.0 | $5.2 | $3.2 |
| Indian stock | - | - | $0.20 |
Stock and ETF commissions are calculated for a $2,000 trade
Davy Select fund commissions
Davy Select fund commissions are average. The table below shows how Davy Select fund commissions are calculated.
| Davy Select | |
|---|---|
| Mutual fund | 0.5%of trade value with a minimum of €14.99 |
Check out how Davy Select fund fees compare with the competition.
| Davy Select | DEGIRO | Interactive Brokers | |
|---|---|---|---|
| Mutual fund | $16.0 | $4.2 | $15.0 |
Fund commissions are calculated for a $2,000 trade
Davy Select bond commissions
Davy Select bond commissions are high. The table below contains the description of Davy Select bond commissions.
| Davy Select | |
|---|---|
| US Treasury bond | 0.5% with a minimum of €100 plus €25 per trade |
| EU government bond | 0.5% with a minimum of €100 |
See how Davy Select bond fees stack up against the competition.
| Davy Select | DEGIRO | Interactive Brokers | |
|---|---|---|---|
| US Treasury bond | $133.8 | - | $5.0 |
| EU government bond | $107.0 | $3.2 | $10.0 |
Bond commissions are calculated for a $10,000 trade
Davy Select commission and other fees
Davy Select non-trading fees
In addition to trading fees, it's important to see if Davy Select charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by Davy Select with its two closest competitors.
| Davy Select | DEGIRO | Interactive Brokers | |
|---|---|---|---|
| Deposit fee | $0 | $0 | $0 |
| Withdrawal fee | $0 | $0 | $0 |
| Account fee | No | No | No |
| Inactivity fee | Yes | No | No |
CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs
Davy Select commission and other fees
Bottom line
Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by Davy Select and its closest competitors. To learn more about Davy Select, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.
If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.
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