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Broker Comparison

Davy Select vs ETRADE from Morgan Stanley

Compare Davy Select and ETRADE from Morgan Stanley side by side: fees, regulation, platforms.

Davy Select

Davy Select

Irish self-directed investors

Davy Select is an Irish execution-only platform offering stocks, ETFs, funds, bonds and pension accounts, regโ€ฆ

VS
ETRADE from Morgan Stanley

ETRADE from Morgan Stanley

Self-directed investors and active traders

ETRADE from Morgan Stanley offers $0 online stock and ETF trades, advanced Power ETRADE platforms, options, fโ€ฆ

Head-to-head comparison

Davy Select vs ETRADE from Morgan Stanley
Feature Davy Select ETRADE from Morgan Stanley
Minimum deposit - No account minimums for brokerage accounts
Stock trading fee Irish and UK stocks: 0.5% (min EUR 14.99); International stocks: 0.06% + EUR 25 settlement per trade $0 online US-listed stock trades
Regulators CBI SIPC, NFA, FDIC, CFTC
Best for Irish self-directed investors Self-directed investors and active traders
Markets & account
Stocks
ETFs
Crypto
-
Bonds
Options
-
Futures
-
Funds
Money Market Funds
-
Business Account
-
Margin
-
Ready Made Portfolios
-

Pros & cons

Davy Select

Davy Select

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
ETRADE from Morgan Stanley

ETRADE from Morgan Stanley

Pros

  • $0 online US-listed stock, ETF, mutual fund and options trades
  • No brokerage account minimums or maintenance fees
  • Options contract fee falls to $0.50 with 30+ quarterly trades
  • Power ETRADE App trades stocks, ETFs, options and futures
  • Core Portfolios add rebalancing and tax-loss harvesting
  • CME Group and CFE futures quote fees are absorbed

Cons

  • OTC trades cost $6.95, or $4.95 after 30+ quarterly trades
  • Broker-assisted trades add $25
  • Outgoing full account transfers cost $75
  • Outgoing wires cost $25
  • Crypto access is indirect through ETPs, trusts and futures
  • Futures accounts are not protected by SIPC
  • Core Portfolios require $500 and charge 0.30% annually
  • Paper statements cost $2.00 each unless exempt
Davy Select

Davy Select

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

Your capital is at risk. Other fees apply.

ETRADE from Morgan Stanley

ETRADE from Morgan Stanley

ETRADE from Morgan Stanley offers $0 online stock and ETF trades, advanced Power ETRADE platforms, options, futures, bonds and managed portfolios.

Your capital is at risk. Other fees apply.

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