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Davy Select fees explained

Your expert
Adam N.
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Updated
1w ago
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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
Adam Nasli
Financial Wizard | 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
UK stock
$16.2
$3.4
$3.8
US stock
$28.2
$2.2
$1.0
German stock
$28.2
$5.3
$3.2
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Average mutual fund commission

Fees for a $2,000 fund purchase
Mutual fund
$16.2
$4.2
$15.0
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High bond commission

Fees for a $10,000 bond trade
US Treasury bond
$135.0
-
$5.0
EU/UK government bond
$108.0
$3.2
$10.0
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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.

Broker
Inactivity fee
Withdrawal fee
Davy Select
$0
DEGIRO
$0
Interactive Brokers
$0
Davy Select inactivity, withdrawal and other fees
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Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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Author of this article

Adam Nasli

Financial Wizard | Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

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.

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