Davy Select Review
Rana Adnan | June 17, 2021
Table of Contents
Founded in 1926, Davy Select is a division of J&E Davy, Ireland’s leading wealth management provider, asset management, capital markets, and financial advisory services. Since its launch, Davy Select has continued to break new grounds in the industry by bringing about the expansion of financial and capital markets in Ireland and providing new opportunities for investors and growing companies. They offer straightforward access to the global financial markets — shares, funds, ETFs, and bonds — using a proprietary trading platform. The broker requires a minimum initial investment of €500.
Broker Pros / Cons
- Flexible & versatile trading platforms
- Different asset classes for trading
- Several educational resources
- Useful trading tools
- No MetaTrader platforms
- No forex or crypto trading
- Minimum €500 deposit
- No USA clients
Summary
Davy Select is an established financial brand that has inspired confidence for nearly a century. The online broker delivers execution-only services to retail investors who are comfortable making investment decisions independently without investment advice. These services can be provided online or by telephone. The broker’s online investment platform enables investors to hold many different types of pension and personal investments in one place. They offer a wealth of financial products, sophisticated trading platforms and tools, and a responsive customer service team.
Davy Select Features Overview
Regulation
Davy Select is a trading name of J & E Davy. The Central Bank of Ireland regulates the broker.
The broker offers its service to residents of countries and jurisdictions where the use of such services would not be contrary to local laws or regulations.
Platforms
At Davy Select, all trading activities are carried using a proprietary trading platform that is known as MyDavy. Designed with mobile and tablet users in mind, MyDavy allows you to access the broker’s service via the device of your choice with no compromise in quality. The platform is built with insightful, robust, award-winning analysis tools, including the Morningstar. With the platform, you can manage all your investments and pensions in one utterly secure environment. The broker makes the platform available in the following versions: desktop, web, and mobile versions.
Tools
Traders are provided with a selection of useful standalone trading tools to help them get the most out of their trades. These tools include Morningstar, Screening tools, Portfolio X-Ray, price Alerts, and more.
Education
The broker’s website is replete with various educational resources to improve clients’ trading skills and knowledge while keeping them up to date with the latest happenings in the financial markets. These educational resources include press, news, an FAQ section, announcements, learning articles, trading guides, and tutorial videos.
Davy Select Tutorial Videos
Markets
The following financial markets are available at Davy Select: shares, funds, ETFs, and bonds
Accounts
The broker offers a choice of two live trading account types: Davy Select Personal Investment Account and Davy Select Pension Account.
Support
Davy Select Trading Desk and Customer Service staff are available in their Dublin office from 8 am to 9 pm Monday to Friday. You can also reach the support team via the following contact channels: telephone, email, online form, and social media.
Funding
The broker accepts the following payment methods for both account deposit and withdrawal purposes:
- Bank Transfer
- Electronic payment processors
- Cheques
Signup
To open an account, click on the “Open an Account” button at the broker’s website’s top right corner. Fill in the account application form correctly, and then submit.
Davy Select Account Opening Page
Compare
| Broker Features | AvaTrade | IG | IC Markets | |
|---|---|---|---|---|
| Founded | 2006 | 1974 | 2007 | |
| Regulated | ASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSA | FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF | ASIC, CySEC, FSA, SCB | |
| Country | Australia, Ireland, South Africa, Japan, British Virgin Islands | Australia, UK, USA, Switzerland, UAE, Singapore, Japan | Australia, Seychelles, Bahamas, Cyprus | |
| Min. Deposit | Min $250 Deposit | Min $100 Deposit | Min $200 Deposit | |
| Commission | From $0 | From $0 | From $0 | |
| Spreads | Fixed | Variable | Variable | |
| Leverage | 1:400 | 1:200 | 1:500 | |
| Instruments | Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFs | Forex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDs | Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs | |
| Platforms | MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, Mobile | MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, Mobile | MetaTrader 4, MetaTrader 5, cTrader, Web, Mobile | |
| Type | Market Maker, STP | STP, ECN, DMA | ECN | |
| Funding | Wire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, Skrill | Wire Transfer, Credit/Debit Cards, PayPal | Wire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli | |
| Visit Broker | Visit Broker | Visit Broker | Visit Broker |
Conclusion
Overall, Davy Select is a licensed brokerage firm that is based in Ireland, with offices in Dublin, Belfast, Cork, Galway, and London. They provide clients with a proprietary trading platform for trading multiple financial markets. They offer various learning resources on their website while also providing a knowledgeable client support team to assist traders. The minimum deposit required to start trading is €500. The Central Bank of Ireland regulates the broker.
Min €500 Deposit
Davy Select offer straightforward access to the global financial markets using a proprietary trading platform, including Shares, Funds, ETFs & Bonds.
About the Author
Rana Adnan
I am an introverted long-distance runner and a Forex trader with more than 7 years of experience. Reminiscences of a stock operator was the first book that changed the whole concept of trading for me.
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