Updated October 14, 2026 · BrokerCue Editorial Team
Davy Select vs SoFi
What sets them apart
| Compare |  Davy Select |  SoFi |
|---|---|---|
| Inactivity fee | €50 | $0 |
| Regulators | Central Bank of Ireland | SIPC, FDIC |
| Investor protection | EU ICS up to EUR 20,000 | SIPC up to USD 500,000 |
| Account types | Joint, Corporate | IRA, Roth IRA, Joint |
| Minimum deposit | Not confirmed | $0 |
| Stock trade fee | Not confirmed | $0 |
| Account fee | Not confirmed | $0 |
| Markets | Not confirmed | Stocks, ETFs, Options, Crypto |
| Currency conversion fee | 1% | Not confirmed |
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Key differences
- SoFi scores higher overall: 9.3 vs 8.6.
- Regulators: only Davy Select offers Central Bank of Ireland.
- Regulators: only SoFi offers SIPC, FDIC.
- Account types: only Davy Select offers Corporate.
- Account types: only SoFi offers IRA, Roth IRA.
Our verdict on each
Davy Select
Davy Select describes an Irish execution-only service for investors who make their own decisions without financial advice. The provider warns that investments can lose value.
SoFi
SoFi suits retirement savers in the US, with a stock trade fee of $0, an account fee of $0 and a minimum deposit of $0. The named licences are US registrations, so readers outside the US should check the account types and terms first.
Score breakdown
| Area | Davy Select | SoFi |
|---|---|---|
| Cost | 8.0 | 9.5HigherRanks 1 of 161 on stock trade fee, 1 of 138 on account fee, 1 of 56 on inactivity fee. |
| Offer | 9.3 | 9.4Higher |
| Trust | 8.6 | 9.2Higher |
Where they rank in our lists
| Ranking | Davy Select | SoFi |
|---|---|---|
| Stock and ETF brokers | 204 of 471 | 80 of 471 |
| Investment platforms and apps | 46 of 86 | 18 of 86 |
Side by side, item by item
| Account types | Davy Select | SoFi |
|---|---|---|
| IRA | No | Yes |
| Roth IRA | No | Yes |
| Joint | Yes | Yes |
| Corporate | Yes | No |
Where each is licensed and available
| Country | Davy Select | SoFi |
|---|---|---|
| Ireland | Not confirmed | |
| United States | Not confirmed | SIPC SIPC member 68389 FDIC FDIC cert 26881 |
Additional countries for Davy Select: 1. Additional countries for SoFi: 1.
What we checked
Davy Select
- davyselect.ie: 5 facts, checked September 26, 2026
- brokerchooser.com: 2 facts, checked September 26, 2026
SoFi
- en.wikipedia.org: 5 facts, checked September 26, 2026
- sofi.com: 5 facts, checked September 26, 2026
- sipc.org: 3 facts, checked September 26, 2026
- banks.data.fdic.gov: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | Davy Select | SoFi |
|---|---|---|
| Features | Not confirmed | Crypto, Fractional shares, Mobile app |
| Pricing model | Not confirmed | Commission free |
| Audience | Not confirmed | Beginners |
| Legal entity | J & E Davy Unlimited Company | SOFI SECURITIES LLC |
| Headquarters | Not confirmed | United States |
| Founded | Not confirmed | 2011 |
| Support channels | Email, Phone, Help centre | Not confirmed |
Robo-advisors
| Fact | Davy Select | SoFi |
|---|---|---|
| Portfolio types | Not confirmed | ETF, Cash, Crypto |
Where each stands against the rest
| Fact | Davy Select | SoFi | Median |
|---|---|---|---|
| Minimum deposit | Not confirmed | $0below the median | $25 |
| Stock trade fee | Not confirmed | $0at the median | $0 |
| Account fee | Not confirmed | $0at the median | $0 |
| Currency conversion fee | 1%highest quarter | Not confirmed | 0.45% |
Median across 134 listed brokers.
Pros and cons
Davy Select
Pros
- Davy Select clearly describes execution-only investing without financial advice.
Cons
- Investments can lose value, and the service does not provide financial advice in this execution-only model.
SoFi
Pros
- A stock trade costs $0 on a commission free model, so cost does not decide which shares you can hold.
- The account fee is $0 and the inactivity fee is $0, so extra accounts and balances left untouched are not billed.
- The minimum deposit is $0 where Vantage asks $5, so a small amount can start an account.
Cons
- The account types listed are ira, roth ira and joint, retirement and joint accounts, and a general taxable account is not among them.
- Markets stop at stocks, etfs and options, while eToro lists stocks, etfs and forex, so forex, CFDs and futures are out of reach here.
- The group sits in US and its registrations are SIPC member 68389 and FDIC cert 26881, with no UK or EU regulator named.
Who each suits
Davy Select
Who it suits
- Investors comfortable making their own investment decisions and evaluating the risk that investments can lose value.
SoFi
Who it suits
- Beginners, which the audience fact lists as beginners, who want to start small with a $0 minimum deposit.
- Retirement savers who want an IRA, a Roth IRA or a joint account at $0 in account fees.
- Fractional share buyers who want crypto and equities in the same app, as the feature list crypto, fractional shares and mobile app shows.
Who should look elsewhere
- Traders after forex, CFDs or futures, since eToro lists stocks, etfs and forex and SoFi lists stocks, etfs and options.
- Investors who want a broader spread of instruments than shares, ETFs, options and crypto, since CFI lists stocks, etfs and forex.
- Readers who need a UK or EU regulated provider, because the licences named are SIPC member 68389 and FDIC cert 26881.
Country by country
| Country | Davy Select | SoFi |
|---|---|---|
| Ireland | Yes | No |
| United States | No | Yes |
Questions about each
Davy Select
Does execution-only include financial advice?+
Davy Select describes the service as execution-only, where customers make their own investment decisions without financial advice.
SoFi
What does it cost to open and hold a SoFi account?+
The published minimum deposit is $0, the account fee is $0 and the inactivity fee is $0, so opening and holding an account adds no charge on the listed terms. Those are account level figures, which is the first thing to check before you choose a wrapper or leave a balance untouched.
What does a stock trade cost?+
A stock trade costs $0 and the pricing model is commission free, so commission does not decide which shares you can hold. Other brands on the site charge a stock trade fee as high as €17.54, and the account fee of $0 and inactivity fee of $0 add nothing on top.
Is my money protected?+
Both US registrations are named: the securities membership is listed as SIPC member 68389 and the bank certificate as FDIC cert 26881. Investor protection is stated as SIPC cover with a ceiling set by the scheme, and the FDIC certificate covers the bank side of the group. Neither registration reaches beyond the US.