Compare Davy Select vs Saxo Bank


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

Davy Select vs Saxo Bank
overall rating
2.8
4.8
overall pros
  • Fast and helpful customer service
  • High-quality reserach tools
  • Great educational materials
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
overall cons
  • High trading fees
  • Complicated account opening
  • Only bank transfers for deposit and withdrawal
  • High bond, options and futures fees
  • High minimum deposit
  • Lacks live chat and 24/7 availability
fees
0.7
  • No fee for withdrawals in Irealand
  • High stock and ETF fees
  • High bond fees
  • High inactivity fee
3.3
  • Low forex fees
  • Low fund fees
  • No withdrawal fee
  • Inactivity fee
  • Custody fee
  • High fees for options&futures
account opening
1.0
  • User-friendly
  • Many account types
  • Slow
  • Not fully digital
2.0
  • Fully digital
  • User-friendly
  • Available in almost every country
  • Minimum deposit is high in certain countries
  • Slow account verification
deposit and withdrawal
2.3
  • No deposit fee
  • Free withdrawals in Ireland
  • Credit/Debit card not available
  • High fee for international withdrawals
  • Limited number of account currencies
4.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Electronic wallets not available for deposit or withdrawal
web trading platform
4.2
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
  • Limited order types
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
mobile trading platform
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
desktop trading platform
5.0
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
markets and products
3.0
  • Stock
  • ETF
  • Fund
  • Bond
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
research
3.5
  • Trading ideas
  • Data on asset fundamentals
  • User-friendly
  • Limited interactive charting
  • No/limited set of analytic tools
5.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Most fundamental data is not free of charge
customer service
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
4.0
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
education
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational articles
  • Majority of clients belong to a top-tier financial authority
  • Long track record
  • Not listed on stock exchange
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Negative balance protection for EU (+some MENA) customers
  • Not listed on stock exchange
recommended for Investors focusing on Irish and UK markets Investors and traders looking for a great trading platform and solid research
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