Davy Select fees explained

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Overview of Davy Select fees and charges

When trading or investing at an online broker, fees can have a big impact on your results, so it's good to know what kind of charges you'll be facing and how these compare to fees at other brokers.

If fees are your top concern, Davy Select is a poor choice, as it has high fees in general. Check our toplist for cheaper brokers.

I found Davy Select's trading fees fairly high

Adam Nasli

Regulation • Fighting Scams • Market Analysis

I've personally tested dozens of global brokers, carefully looking at their fees not just on their website but also in the course of live trading. Here's how Davy Select fared:

Davy Select charges high fees for trading stocks and ETFs.
There is an inactivity fee if you don't trade for an extended period of time.
The basic withdrawal fee is $0, but some transactions may cost more.
Read our full review of Davy Select for info on safety, trading platforms and funding.

Davy Select fees at a glance
Assets	Fee level	Fee terms
US stock fee	High	0.06% of trade value plus €25 flat settlement fee
EURUSD fee	-	FX not available
US tech fund fee	Average	0.5%of trade value with a minimum of €14.99
Inactivity fee	High	€50 per quarter, but all commissions you paid are deducted from this amount

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The fee structure is different for each account type. In this review, we calculated fees for the Davy Select Personal Investment Account.

High stock and ETF commission

Davy Select stock and ETF fees by market
	Davy Select Davy Select	DEGIRO DEGIRO	Interactive Brokers Interactive Brokers
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
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.
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

Average mutual fund commission

Fees for a $2,000 fund purchase
	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

High bond commission

Fees for a $10,000 bond trade
	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 First €10,000 face value: 0.1% of trade value. Above €10,000 face value: 0.025% of trade value.

High inactivity fee, no withdrawal fee

On the positive side, there is no account fee or deposit fee. It's also great that next-day withdrawals in Ireland are free as well. However, withdrawals to other countries and same-day withdrawals incur a fee of €25-50 per transaction.
There is also a high inactivity fee of €50 per quarter, although the commissions you pay during the quarter are deducted from this amount.

Davy Select inactivity, withdrawal and other fees
Broker	Inactivity fee	Withdrawal fee
Davy Select		$0
DEGIRO		$0
Interactive Brokers		$0

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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.