Davy Select Review

Irish self-directed investors

CBI

Founded 2012 · Ireland · Bank of Ireland Group

Why investors choose this broker

Regulated by the Central Bank of Ireland with long track record
Client funds held in segregated accounts
Access to over 7,500 stocks across 30 international markets
Over 650 ETFs and 1,200 funds available

Review summary

Davy Select is an Irish execution-only platform offering stocks, ETFs, funds, bonds and pension accounts, regulated by the Central Bank of Ireland.

Pros

Regulated by the Central Bank of Ireland with long track record
Client funds held in segregated accounts
Access to over 7,500 stocks across 30 international markets
Over 650 ETFs and 1,200 funds available
Pension accounts (PRSA, ARF, PRB) offered on the same platform
No account opening fee and no deposit fee
Research tools powered by Morningstar and Thomson Reuters

Cons

High inactivity fee of EUR 50 per quarter
Irish and UK trade commissions of 0.5% are above the low-cost market average
EUR 40 custody charge per trade for instruments outside Ireland and UK
No demo account available
Mobile app is view-only - trades cannot be executed on mobile
Account opening process is not fully digital and can take several weeks
No CFDs, leverage, crypto or forex trading

Company background

Davy Select is the execution-only online investment platform of J&E Davy Unlimited Company, part of the Davy Group. The Davy Group was established in Dublin in 1926 as one of Ireland's longest-running wealth management and stockbroking firms. The Davy Select brand launched in October 2012 as a self-directed online platform for investors comfortable making their own investment decisions without advice. In June 2022, Bank of Ireland completed the acquisition of Davy Group for approximately EUR 427 million. As of January 2026, the platform holds over EUR 8 billion in client assets and supports personal, joint, corporate and minor investment accounts as well as self-directed pension accounts.

Fees and pricing

Davy Select charges no account opening fee and no deposit fee. For Irish and UK stocks, ETFs and funds the commission is 0.5%, with a minimum charge of EUR 14.99 per trade. International stocks and ETFs carry a lower percentage rate of 0.06% but add a flat EUR 25 settlement charge per trade. Bond trades are priced at 0.5% of transaction value with a minimum of EUR 100, and non-Irish or non-UK bonds also attract the EUR 25 settlement charge. A custody charge of EUR 40 per trade applies for each instrument listed outside Ireland and the UK.

An inactivity charge of EUR 50 per quarter is applied to accounts, but commissions paid during that quarter are deducted from this amount, meaning active traders may not pay it at all. Currency conversion applies a 1% mark-up. Withdrawals via next-day transfer within Ireland are free; same-day or international withdrawals cost EUR 25-50 per transaction.

Regulation and safety

Davy Select is operated by J&E Davy Unlimited Company, which is authorised and regulated by the Central Bank of Ireland. Client funds are held in segregated accounts with eligible credit institutions, separate from Davy's own assets, in line with the Central Bank's Client Asset Requirements. Clients are covered by the Irish Investor Compensation Scheme, which compensates up to 90% of net loss, capped at EUR 20,000 per investor.

Platform experience

The myDavy web platform provides a unified portfolio view across all accounts with a single login, asset search and navigation across shares, funds and ETFs, account valuations broken down by holding, and research tools sourced from Morningstar and Thomson Reuters. The platform includes trade ideas and portfolio tracking tools. There is no demo account available. A Davy mobile app exists for iOS and Android, but it is view-only - investors can monitor their holdings but cannot execute trades through the app.

Pros and cons

Davy Select's main advantages are its long regulatory track record under the Central Bank of Ireland, segregated client funds, broad access to stocks across 30 international markets, a large fund and ETF universe, and the ability to hold pension accounts on the same platform. The platform is well suited to Irish investors wanting a regulated execution-only service with pension capabilities. The main drawbacks are above-average trade commissions for Irish and UK assets, a EUR 40 custody surcharge for international instruments, a EUR 50 quarterly inactivity fee, no demo account, no mobile trading capability, and no access to higher-risk products such as CFDs, forex or crypto.

Ready to open an account at Davy Select?

Open an account directly with the broker. Confirm current fees and account eligibility on the broker's website before depositing.

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Your capital is at risk. Other fees apply.

Trading fees & commissions

Irish and UK stocks, ETFs and funds cost 0.5% (min EUR 14.99 per trade); international stocks cost 0.06% plus EUR 25 settlement. An inactivity charge of EUR 50 per quarter applies, offset by commissions paid that quarter.

Fees

Item	Fee
Bonds	0.5% of transaction value (min EUR 100); non-Irish/UK bonds add EUR 25 settlement charge
Funds	0.5% (min EUR 14.99) per transaction
Account	No account opening fee; no deposit fee
Custody	EUR 40 per trade per instrument listed outside Ireland and UK
Inactivity	EUR 50 per quarter, offset by commissions paid in the same quarter
Withdrawal	Free for next-day withdrawals within Ireland; EUR 25-50 for same-day or international withdrawals
Fx Conversion	1% mark-up on currency conversion

Trading platform & features

Platforms

myDavy Web Platform
iOS app
Android app

Regulation and investor protection

Davy Select is operated by J&E Davy Unlimited Company, regulated by the Central Bank of Ireland. Client funds are held in segregated accounts with eligible credit institutions, and investors are covered by the Irish Investor Compensation Scheme up to 90% of net loss, capped at EUR 20,000.

Broker FAQs

Is Davy Select safe?

Is Davy Select a scam?

No. Davy Select is operated by J&E Davy Unlimited Company, which has been authorised and regulated by the Central Bank of Ireland for many decades.

Is Davy Select regulated and by whom?

Yes. Davy Select is operated by J&E Davy Unlimited Company, which is authorised and regulated by the Central Bank of Ireland (CBI).

Does Davy Select keep client funds in segregated accounts?

Yes. Client funds are held in segregated accounts with eligible credit institutions in line with the Central Bank of Ireland's Client Asset Requirements, separate from Davy's own funds.

What happens to my money if Davy Select goes bankrupt?

Client funds are held in segregated accounts and are not mixed with Davy's own assets. Investors are also covered by the Irish Investor Compensation Scheme, which compensates up to 90% of net loss, capped at EUR 20,000 per investor.

What products does Davy Select offer?

Davy Select offers stocks, ETFs, funds, bonds and money market instruments, as well as pension accounts including Personal Retirement Savings Accounts, Approved Retirement Funds and Personal Retirement Bonds. It does not offer CFDs, forex, crypto or leverage.

Does Davy Select offer ETFs?

Yes. Davy Select lists over 650 ETFs. Irish and UK ETFs cost 0.5% (min EUR 14.99) per trade; international ETFs cost 0.06% plus a EUR 25 settlement charge.

Does Davy Select offer pension accounts?

Yes. Davy Select offers self-directed pension accounts including Personal Retirement Savings Accounts, Approved Retirement Funds and Personal Retirement Bonds, all on the same platform as standard investment accounts.

Can I buy funds on Davy Select?

Yes. Davy Select provides access to over 1,200 funds. Fund trades are charged at 0.5% of transaction value with a minimum of EUR 14.99.

What does Davy Select charge for Irish stock trades?

Irish and UK stock trades are charged at 0.5% of transaction value, with a minimum commission of EUR 14.99 per trade.

What does Davy Select charge for international stock trades?

International stock trades are charged at 0.06% of transaction value plus a EUR 25 flat settlement fee per trade. A EUR 40 custody charge also applies per trade for instruments listed outside Ireland and the UK.

Does Davy Select charge an inactivity fee?

Yes. Davy Select charges EUR 50 per quarter as an inactivity or account maintenance fee, but commissions paid during that quarter are deducted from the amount, so active traders may not pay it.

Is there a withdrawal fee at Davy Select?

Next-day withdrawals within Ireland are free. Same-day withdrawals or withdrawals to international accounts incur a fee of EUR 25-50 per transaction.

What is Davy Select's currency conversion fee?

Davy Select applies a 1% mark-up when converting between currencies, for example when buying an asset denominated in a foreign currency.

Does Davy Select have a demo account?

No. Davy Select does not offer a demo or paper trading account.

Does Davy Select have a mobile app?

Davy Select has a mobile app available for iOS and Android. However, the app is view-only and does not support trade execution - investors can monitor their portfolio but must use the web platform to place trades.

Is Davy Select good for beginners?

Davy Select provides research tools from Morningstar and Thomson Reuters and access to a broad investment universe, but it lacks a demo account and its quarterly inactivity fee may be a drawback for low-frequency investors. The account opening process can take several weeks.

Is Davy Select good for long-term investing?

Davy Select offers stocks, ETFs, funds, bonds and pension accounts, which suit long-term investing goals. However, the quarterly inactivity fee and per-trade commissions make it better suited to investors who trade with moderate regularity rather than those who hold passively without trading.

Bottom line

Davy Select suits users who want a Central Bank of Ireland regulated, execution-only platform with access to Irish, UK and international stocks, ETFs, funds, bonds and self-directed pension accounts. It may not suit users who want low-cost passive investing with no inactivity fees, a demo account, mobile trading capability, or access to products such as CFDs, forex or crypto.

Davy Select

Irish self-directed investors

Open Account

Your capital is at risk. Other fees apply.