Davy Select commission and other fees

Personally tested

Data-driven

Independent

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.

Visit broker

Davy Select

2.6/5

Minimum deposit

$540

Stock fee

High

Fund fee

Average

Inactivity fee

yes

Account opening

>3 days

Visit Davy Select

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.

Classification of Davy Select commission and other trading fees
	Davy Select Davy Select	DEGIRO DEGIRO	Interactive Brokers Interactive Brokers
Stock and ETF	High	Low	Low
Forex	-	-	Average
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 stock and ETF commission
	Davy Select Davy Select
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	0.06% of trade value plus €25 flat settlement fee
UK stock fee Estimated commission of a $2,000 trade, assuming a $50 stock price	0.5% of trade volume with a minimum fee of €14.99
German stock Estimated commission of a $2,000 trade	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 stock and ETF commission, spreads vs competitors
	Davy Select Davy Select	DEGIRO DEGIRO	Interactive Brokers Interactive Brokers
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	$28.2 0.06% of trade value plus €25 flat settlement fee	$2.2 €2 per trade (€1 commission plus a €1 handling fee)	$1.0 Fixed pricing: $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan.
UK stock fee Estimated commission of a $2,000 trade, assuming a $50 stock price	$16.2 0.5% of trade volume with a minimum fee of €14.99	$3.4 £2.75 per trade (£1.75 commission plus a £1 handling fee)	$3.8 Fixed £3 for trade value less than £6,000, 0.05% of trade value for more than £6,000
German stock Estimated commission of a $2,000 trade	$28.2 0.06% of trade value plus €25 flat settlement fee	$5.3 €4.90 per trade (€3.90 commission plus a €1 handling fee)	$3.2 Fixed €3 for trade value less than €6,000, 0.05% of trade value for more than €6,000
Indian stock	- Not available	- Not available	$0.20 0.01% of the trade value and min INR 6, max INR 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 fund commissions
	Davy Select Davy Select
Mutual fund Estimated commission of a $2,000 US domiciled fund trade	0.5%of trade value with a minimum of €14.99

Check out how Davy Select fund fees compare with the competition.

Davy Select fund commissions
	Davy Select Davy Select	DEGIRO DEGIRO	Interactive Brokers Interactive Brokers
Mutual fund Estimated commission of a $2,000 US domiciled fund trade	$16.2 0.5%of trade value with a minimum of €14.99	$4.2 €3.9 and 0.2% annual administration fee	$15.0 $14.95 per transaction or 3% of trade value, whichever is lower. There are also more than 18,000 funds with no transaction fee

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 bond commissions
	Davy Select Davy Select
US Treasury bond Estimated commission of a $10,000 US treasury bond trade	0.5% with a minimum of €100 plus €25 per trade
EU/UK government bond Estimated commission of a $10k EU or UK government bond trade	0.5% with a minimum of €100

See how Davy Select bond fees stack up against the competition.

Davy Select bond commissions vs competitors
	Davy Select Davy Select	DEGIRO DEGIRO	Interactive Brokers Interactive Brokers
US Treasury bond Estimated commission of a $10,000 US treasury bond trade	$135.0 0.5% with a minimum of €100 plus €25 per trade	- Not available	$5.0 For the first $1,000,000 face value: 0.002% of trade value with $5 min.
EU/UK government bond Estimated commission of a $10k EU or UK government bond trade	$108.0 0.5% with a minimum of €100	$3.2 €3 (€2.00 fee + a €1 handling fee)	$10.0 Below €50,000 face value: 0.1% of trade value with €2 min

Bond commissions are calculated for a $10,000 trade

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 non-trading fees vs competitors
	Davy Select Davy Select	DEGIRO DEGIRO	Interactive Brokers Interactive Brokers
Deposit fee	$0 No deposit fees	$0 Free deposit	$0 Free deposit
Withdrawal fee Fee for withdrawing money from the broker account. It is zero if you can withdraw money for free via any method, e.g. credit/debit card or bank transfer.	$0 Free for next-day withdrawals in Ireland, but €25-50 per transaction for international and same-day withdrawals	$0 Free withdrawal	$0 One free per month, after that $10
Account fee Monthly account fee	No No account fee	No No account fee	No No account fee
Inactivity fee Fee applied if a customer does not trade for a certain length of time	Yes €50 per quarter, but all commissions you paid are deducted from this amount	No No inactivity fee	No No inactivity fee

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

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.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

Got questions?

Engage with our growing community of traders and investors like you to find your answers.

Join now

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.