Charles Schwab vs Davy Select compared

Online brokers compared for fees, trading platforms, safety and more. See how Charles Schwab stacks up against Davy Select!

Charles Schwab
Davy Select

Last update of dataDec 2022

Charles Schwab

Charles Schwab is a US discount broker, regulated by top-tier US authorities the SEC and FINRA. The company is listed on the New York Stock Exchange and holds a banking license.

Recommended for investors and traders looking for solid research, low fees and great customer service.

Davy Select

Davy Select is an Irish stockbroker, regulated by the Central Bank of Ireland.

Recommended for investors focusing on Irish and UK markets.

Charles Schwab's service is better than Davy Select's and a comparison of their fees shows that Charles Schwab's fees are much lower than Davy Select's.

Account opening takes less effort at Charles Schwab compared to Davy Select, deposit and withdrawal processes are about the same quality at Charles Schwab, while customer service quality is somewhat better than Davy Select's.

Our experts rated the trading platform of Charles Schwab as much better than the platform of Davy Select, found that clients have access to about the same number of markets and products with Charles Schwab, while Davy Select provides somewhat lower-quality research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.8

Recommended for Investors and traders looking for solid research, low fees and great customer service

Overall Score
3.0

Recommended for Investors focusing on Irish and UK markets

Country of origin

USA

Country of origin

Ireland

Fees

Fees score
4.2
Fees score
1.1
Fees summary

Low trading and non-trading fees, high fund fees

Fees summary

High trading fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

Crypto fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
2.2
Deposit and withdrawal score
2.3
Number of base currencies

1

Number of base currencies

3

Deposit type

Withdrawal type

Account opening

Account opening score
4.6
Account opening score
2.5
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit

$495

Time to open account

1 day

Time to open account

>3 days

Required documents

Proof of identity: SSN and national ID / passport / driver's license Proof of residency: bank statement / utility bill

Required documents

Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / driver's license / credit card statement

Trading platform

Web platform score
4.3
Web platform score
4.2
Mobile platform score
4.2
Mobile platform score
-
Desktop platform score
4.0
Desktop platform score
-

Markets and products

Markets and products score
3.1
Markets and products score
3.1
Stocks
Stocks
Fractional shares
*
*
Fractional shares
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
*
*
Crypto
CFDs
CFDs

Research, education

Research score
4.3
Research score
3.5
Charting quality

Great

Charting quality

Poor

Education score
4.5
Education score
3.5
Demo account
Demo account

Customer service

Customer service score
5.0
Customer service score
4.5
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Investor protection amount

€20,000

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

1971

Foundation date

1926

Country of regulation

USA, UK, Hong Kong, Singapore

Country of regulation

Ireland

No withdrawal fee limit

-

No withdrawal fee limit

-

Minimum deposit via bank transfer

-

Minimum deposit via bank transfer

-

Recommended min deposit by broker

-

Recommended min deposit by broker

-

Charles Schwab

For detailed information and hands-on experience, read our review of this broker.

Davy Select

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

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.

Brokers displayed might not be available in United States.

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