Stock trading at a glance

Buying and selling stocks is probably the most common form of investment and given the explosion in the number of online brokers over the past years, nearly everyone can invest in stocks. You don’t need a large amount of money to start investing in a company; everyday investors do it with $100 or less.

Davy Select clients have access to real stocks, meaning they can buy and sell shares at this online broker. Follow these easy steps to start buying stocks at Davy Select:

  1. Open an investment account at Davy Select
  2. Transfer money to your account
  3. Find a stock or ETF that you want to buy on the trading platform
  4. Buy the stock(s) or ETF(s)
  5. Review your positions regularly
  6. Sell as you see fit

Davy Select stocks: an in-depth guide to stock trading
What stocks can you trade at Davy Select?

Davy Select gives access to 30 stock exchanges for trading real stocks.

The following table contains an estimated number of stocks available at Davy Select and its closest competitors. Some brokers that offer access to the NYSE and Nasdaq focus on the biggest names and may not list some smaller companies. Other brokers allow you to trade all stocks listed on the respective exchange, giving you more flexibility in setting up your investment portfolio.

Snapshot of stock market and stock availability
Davy Select DEGIRO Interactive Brokers
Number of stock markets 30 31 83
Approx. number of stocks 7,500 31,000 87,000

Check out the following table for details about US stock trading at Davy Select.

Due to limited trading activity, stocks usually have greater price fluctuation and wider bid-ask spreads during extended hours compared to standard market hours.

Davy Select US stock market details
Davy Select DEGIRO Interactive Brokers
Number of stock markets 30 31 83
Number of stocks - - 7,100

Davy Select stocks: an in-depth guide to stock trading
Trading costs at Davy Select

Trading stocks comes with a range of brokerage fees, which can be divided into trading and non-trading fees. Trading fees are directly tied to a trade and usually include commissions, spreads, financing rates and conversion fees. Non-trading fees are charges not directly related to trading, such as withdrawal fees or inactivity fees. When you are trading stocks, the most important fees are commissions. For a more detailed breakdown of costs related to investing, check out our in-depth guide to brokerage fees.

When it comes to trading real stocks at Davy Select, commissions are High when compared with all brokers we’ve reviewed at Brokerchooser. The following tables contain the most important charges related to stock trading and the fees levied by the competitors of Davy Select.

We’ve calculated the fees for an imaginary trade of $2,000 worth of shares on American, British, Hong Kong and German stock exchanges. We’ve converted the GBP, HKD and EUR trading fees to USD for better comparison.

Davy Select stock and ETF commission for a $2,000 trade
Davy Select DEGIRO Interactive Brokers
$2000 trade on the NYSE/NASDAQ $26.0 $1.0 $1.0
$2000 trade on the LSE $14.8 $3.1 $3.4
$2000 trade on a German stock exchange $26.0 $4.9 $3.0
$2000 trade on the Hong Kong stock exchange $26.0 $5.9 $2.3

Now let’s take a look at non-trading fees. Most online brokers don’t charge an account fee, nor deposit fees, but inactivity fees and withdrawal fees are more common.

Davy Select fee snapshot for non-trading fees
Davy Select DEGIRO Interactive Brokers
Account fee No No No
Inactivity fee Yes No No
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0

Davy Select stocks: an in-depth guide to stock trading
Minimum deposit for trading stocks at Davy Select

The minimum deposit to open a brokerage account with Davy Select is $495. You can see in the table below how this amount stacks up against the closest competitors of Davy Select.

Minimum amount required to open an account at Davy Select vs its competitors
Davy Select DEGIRO Interactive Brokers
Minimum deposit $495 $0 $0

Davy Select stocks: an in-depth guide to stock trading
Bottom line

While buying stocks and ETFs may prove one of the best long-term investments, it also carries a number of risks. In addition to unpredictable market movements, the most common risks include choosing the wrong broker, not diversifying your portfolio and investing in lousy stocks. To avoid some of these pitfalls, check out our guide about managing risks related to trading stocks.

We recommend only quality brokers, so you can be sure that none of the online brokers listed here are scams. In order to be sure, we check roughly 20 safety-related criteria, such as regulation, investor protection amount and the transparency of the broker’s financials. Lastly, at least one top-tier financial authority regulates all the brokers you can find on BrokerChooser.

If you want to read our full review of Davy Select, including fees, deposit options and platform reviews (like web and desktop), visit Davy Select review.

Author of this article

Ádám Nasli

Author of this article

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading.

Ádám Nasli

Analyst head

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading.

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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