Davy Select vs HYCM compared
- Account opening score1.0/5
- Fees score1.0/5
- Trading platform combined score1.2/5
- Account opening score5.0/5
- Fees score4.0/5
- Trading platform combined score3.7/5
- BeginnersYES
- EquityNO
- ForexNO
- CFDNO
- BeginnersNO
- EquityNO
- ForexNO
- CFDYES
Basic data of broker
Recommended for Investors focusing on Irish and UK markets
Recommended for Forex and CFD traders who prefer the MetaTrader platform
Ireland
UK
Fees
High trading fees
Low CFD and forex fees, average non-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
3
6
Deposit type
Withdrawal type
Account opening
$535
$20
>3 days
1 day
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / driver's license / credit card statement
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill
Trading platform
Markets and products
Disclaimer: 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Poor
Mid-range
Customer service
Security
€20k
£85k to UK and €20k to EU clients, $0 to others
€20k
£85k to UK and €20k to EU clients, $0 to others
1926
1977
Ireland
UK, Cyprus, Dubai, Cayman Islands
Davy SelectFor detailed information and hands-on experience, read our review of this broker.
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.
Davy Select's service is weaker than HYCM's and a comparison of their fees shows that Davy Select's fees are much higher than HYCM's.
Account opening takes considerably more effort at Davy Select compared to HYCM, deposit and withdrawal processes are more complicated at Davy Select, while customer service quality is similar to HYCM's.
Our experts rated the trading platform of Davy Select as much less user-friendly than the platform of HYCM, found that clients have access to slightly more markets and products with Davy Select, while HYCM provides just about the same quality of research and education.