Davy Select vs Lightspeed Financial - BrokerCue
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Broker Comparison

Davy Select vs Lightspeed Financial

Compare Davy Select and Lightspeed Financial 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, reg…

VS
Lightspeed Financial

Lightspeed Financial

High-volume active and professional traders

Lightspeed Financial is a US broker targeting active and professional traders with volume-tiered commissions …

Head-to-head comparison

Davy Select vs Lightspeed Financial
Feature Davy Select Lightspeed Financial
Minimum deposit - -
Stock trading fee Irish and UK stocks: 0.5% (min EUR 14.99); International stocks: 0.06% + EUR 25 settlement per trade Per-share: from $0.001 (over 15 million shares/month) to standard rate (under 250,000 shares/month); per-trade: from $2.00 (over 10,000 trades/month) to $3.99 (over 250 trades/month); $0.25 minimum per order on Web and Mobile
Regulators CBI FINRA, NFA, SIPC
Best for Irish self-directed investors High-volume active and professional traders
Markets & account
Stocks
ETFs
Bonds
-
Options
-
Futures
-
Funds
-
Money Market Funds
-
Business Account
-
Margin
-
Demo Account
-

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
Lightspeed Financial

Lightspeed Financial

Pros

  • Volume-tiered stock commissions as low as $0.001 per share
  • Options commissions as low as $0.20 per contract for high-volume traders
  • Multiple professional platforms including Lightspeed Trader Pro, Sterling Trader Pro, and Eze EMS
  • Futures trading available via CQG integration
  • FINRA and NFA member with SIPC protection
  • 10-day demo account available to test platforms
  • ACH deposits and withdrawals are free

Cons

  • $25,000 account minimum for flagship desktop platforms
  • $25 monthly minimum fee for accounts under $15,000
  • Lightspeed Trader Pro software fee of up to $130 per month
  • No fractional shares, no crypto, no forex
  • High minimum balances make the platform inaccessible to casual investors
  • Platform complexity presents a steep learning curve for less experienced traders
  • Margin rates of 11.00% at lower debit balances are above some competitors
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.

Visit Davy Select Read review

Your capital is at risk. Other fees apply.

Lightspeed Financial

Lightspeed Financial

Lightspeed Financial is a US broker targeting active and professional traders with volume-tiered commissions on stocks, ETFs, options, and futures via multiple professional-grade platforms.

Visit Lightspeed Financial Read review

Your capital is at risk. Other fees apply.

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