Davy Select vs tastytrade - BrokerCue
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Broker Comparison

Davy Select vs tastytrade

Compare Davy Select and tastytrade 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
tastytrade

tastytrade

Active options, futures and multi-asset traders

tastytrade is a multi-asset broker focused on active traders, with stocks, ETFs, options, futures, forex and โ€ฆ

Head-to-head comparison

Davy Select vs tastytrade
Feature Davy Select tastytrade
Minimum deposit - -
Stock trading fee Irish and UK stocks: 0.5% (min EUR 14.99); International stocks: 0.06% + EUR 25 settlement per trade $0 opening commission; $0 closing commission
Regulators CBI FINRA, SIPC, NFA, CFTC, NYDFS
Best for Irish self-directed investors Active options, futures and multi-asset traders
Markets & account
Stocks
ETFs
Forex
-
Crypto
-
Bonds
-
Options
-
Futures
-
Funds
-
Money Market Funds
-
Business Account
-
Fractional Shares
-
Investment Plans
-
Margin
-

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
tastytrade

tastytrade

Pros

  • Stock and ETF trades have $0 opening and closing commissions
  • Stock and ETF options close for $0 per contract
  • $10 max commission per leg on stock and ETF options
  • Fractional shares have $0 opening and closing commissions
  • Recurring ETF investments from $5 to $100K
  • API supports read, write and trade access
  • Crypto holdings can transfer to external wallets
  • No minimum account balance for CME futures in a margin account

Cons

  • Crypto markup/markdown is 50-75bp of executed order price
  • Crypto is not covered by FDIC or SIPC
  • Crypto cannot be traded on margin
  • Stablecoin withdrawals are not currently supported
  • Futures accounts are not protected by SIPC
  • IRA futures need $25,000 for standard CME contracts
  • Basic margin accounts cannot trade futures
  • Cash accounts cannot trade forex or futures
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.

tastytrade

tastytrade

tastytrade is a multi-asset broker focused on active traders, with stocks, ETFs, options, futures, forex and crypto plus web, desktop, mobile and API access.

Your capital is at risk. Other fees apply.

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