ETF trading conditions at Davy Select explained

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Can you buy ETFs at Davy Select?

ETFs, short for exchange-traded funds, are one of the greatest means to diversify your investments and profit from a bull market. Despite their immense popularity, not all brokers offer ETFs for trading. Let's find out whether you can trade these funds at Davy Select, and if yes, under what conditions.

ETF trading is available at Davy Select, but you have better options when it comes to trading fees and market access. See the best choices or read on for a detailed analysis.

Davy Select offers ETFs but conditions are not optimal

Adam Nasli

Trading • Safety • Market Analysis

I've tested dozens of brokers with my analyst colleagues, including their ETF trading features. We traded ETFs at Davy Select and were not impressed; here's why:

Davy Select has a below-average ETF trading score based on fees and available products.
ETF trading fees at Davy Select are high.
You can invest in 1,000 ETFs at Davy Select, which is below the industry average.
Browse our top list of the best ETF brokers to find an alternative to Davy Select.

Before we begin, let's see if Davy Select is available in your country

No, you can't open an account at Davy Select if you live in United States!

United States

Davy Select

2.6/5

Minimum deposit

$540

Stock fee

High

Fund fee

Average

Inactivity fee

yes

Account opening

>3 days

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Davy Select has a below-average ETF trading score

Want to know if Davy Select is a solid choice for trading ETFs? We broke it all down into a simple ETF score to help you decide. We looked at the trading fees they charge, how many different ETFs you can actually invest in through them, and just how good their overall services really are.

Davy Select ended up with a pretty underwhelming ETF score of 1.5 stars . That's definitely below average compared to other brokers we've reviewed for ETF trading. Let us break it down a bit and and take a look at how Davy Select stacks up against some of its closest competitors:

Davy Select ETF score vs selected competitors
Broker	ETF score
Davy Select	1.5 /5
DEGIRO	4.9 /5
Interactive Brokers	4.8 /5

ETFs are great tools to diversify your investments and profit from a range of assets, including stocks, bonds, commodities and real estate. If you feel you need to brush up your ETF trading skills, take a look at this ETF trading guide compiled by our analyst team.

ETF trading fees at Davy Select are high

Fees are how brokers make their money at the end of the day. But here's the kicker - the charges can vary significantly between different brokers. One broker's fees could really nickel and dime you, while another might give you way better rates. Why all this obsession over fees?

Here's why. Let's say you want to invest $10,000 in an ETF that tracks the S&P 500. Broker A charges $4.95 per trade, while Broker B charges $6.95 per trade. That may not seem like a huge difference, but it adds up over time with repeated purchases or sales. If you invest just once per year for 30 years and pay those trading fees each time, you'd pay almost $1,500 more in total fees at Broker B versus Broker A. So while a few dollars per trade may seem trivial, they can significantly impact your overall returns when investing for the long haul.

ETF trading fees at Davy Select are high.

Davy Select main fees and features
💰 Davy Select ETF trading fees class	High
💰 Davy Select withdrawal fee	$0
💰 Davy Select minimum deposit	$540
💰 Davy Select inactivity fee	Yes
📃 Davy Select deposit methods	Bank transfer

Data updated on June 17, 2024

ETF selection at Davy Select

Let's take a close look at the ETFs offered by Davy Select. We want to see if their selection is good enough to meet the needs of different types of investors.

There are 1,000 ETFs available at Davy Select, which is not a wide selection. This can make it more challenging to diversify your portfolio.

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Check out Davy Select in detail and browse top alternatives

Want the inside scoop on what it's really like to trade with Davy Select? Be sure to read BrokerChooser's Davy Select review for 2024. We've done a super thorough analysis based on nearly 600 different data points and tested their platform ourselves with a real money account. By actually opening an account and making trades, we can give you the unvarnished truth about their trading conditions, fees, and overall service quality across the board. It's an honest, experienced take on Davy Select instead of just marketing fluff.

Davy Select is not the best option for trading ETFs; to find a better alternative, check out our top list of the best ETF brokers in your country.

Alternatively, if you want a broader comparison or have some specific other brokers in mind, you can use our broker comparison tool to size up brokers along many different criteria.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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ETF trading at Davy Select