Davy Select vs IG compared

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

Davy Select
IG
Davy Select
2.7
79% of retail CFD accounts lose money

Last update of dataJul 2022

Davy Select

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

Recommended for investors focusing on Irish and UK markets.

IG

IG is a CFD and forex broker. It is listed on the London Stock Exchange and regulated by several authorities globally, including the top-tier FCA.

Recommended for traders of any experience level looking for an easy-to-use trading platform.

Davy Select's service is weaker than IG's and a comparison of their fees shows that Davy Select's fees are higher than IG's.

Account opening takes considerably more effort at Davy Select compared to IG, deposit and withdrawal processes are more complicated at Davy Select, while customer service quality is similar to IG's.

Our experts rated the trading platform of Davy Select as much less user-friendly than the platform of IG, found that clients have access to slightly less markets and products with Davy Select, while IG provides just about the same quality of 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
2.7

Recommended for Investors focusing on Irish and UK markets

Overall Score
4.4

Recommended for Traders of any experience level looking for an easy-to-use trading platform

Country of origin

Ireland

Country of origin

UK

Fees

Fees score
0.9
Fees score
3.0
Fees summary

High trading fees

Fees summary

High trading fees, average non-trading fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
2.3
Deposit and withdrawal score
4.5
Number of base currencies

3

Number of base currencies

6

Deposit type

Withdrawal type

Account opening

Account opening score
1.0
Account opening score
4.2
Account opening fully online
Account opening fully online
Minimum deposit

$600

Minimum deposit
*

$0

*
Time to open account

>3 days

Time to open account

1-3 days

Required documents

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

Required documents

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

Trading platform

Web platform score
4.2
Web platform score
5.0
Mobile platform score
-
Mobile platform score
5.0
Desktop platform score
-
Desktop platform score
-

Markets and products

Markets and products score
2.8
Markets and products score
3.5
Stocks
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
Crypto
CFDs
CFDs
CFD disclaimer

Disclaimer: 79% 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. CFDs are not provided for US clients. Forex trading involves risk. Losses can exceed deposits.

Research, education

Research score
3.4
Research score
3.7
Charting quality

Poor

Charting quality

Great

Education score
3.5
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
4.0
Customer service score
3.6
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

€20,000

Investor protection amount

£85,000 in the UK, €20,000 in the rest of Europe excl. Switzerland, no protection in the US and many other countries

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

1926

Foundation date

1974

Country of regulation

Ireland

Country of regulation

UK, EU, Switzerland, USA, Singapore, Japan, South Africa, UAE, Australia, New Zealand

Davy Select

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

IG

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.

×