Updated October 14, 2026 · BrokerCue Editorial Team
Davy Select vs Zacks Trade
Davy Select vs Zacks Trade: the differences
| Compare |  Davy Select |  Zacks Trade |
|---|---|---|
| Inactivity fee | €50 | $15 |
| Regulators | Central Bank of Ireland | FINRA |
| Investor protection | EU ICS up to EUR 20,000 | SIPC up to USD 500,000 |
| Account types | Joint, Corporate | IRA |
| Minimum deposit | Not confirmed | $250 |
| Stock trade fee | Not confirmed | $1 |
| Markets | Not confirmed | Stocks, ETFs, Options, Bonds, Funds |
| Currency conversion fee | 1% | Not confirmed |
| Margin rate | Not confirmed | 8.83% |
| Options contract fee | Not confirmed | $1 |
| Platforms | Not confirmed | Zacks Trade Pro, Client Portal, Zacks Trade app |
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Key differences
- Zacks Trade scores higher overall: 8.7 vs 8.6.
- Regulators: only Davy Select offers Central Bank of Ireland.
- Regulators: only Zacks Trade offers FINRA.
- Account types: only Davy Select offers Joint, Corporate.
- Account types: only Zacks Trade offers IRA.
- Support channels: only Davy Select offers Help centre.
- Support channels: only Zacks Trade offers Chat.
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.
Zacks Trade
Zacks Trade is a US broker built for experienced traders and day traders who want options and margin, charging a stock trade fee of $1 and a minimum deposit of $250 on its IRA account. The catch is the $15 inactivity fee for anyone whose account sits idle.
Score breakdown
| Area | Davy Select | Zacks Trade |
|---|---|---|
| Cost | 8.0 | 8.5HigherCheap trades at $1 a stock and $1 an option, offset by a $250 minimum deposit and a $15 inactivity fee. |
| Offer | 9.3Higher | 9.2 |
| Trust | 8.6 | 8.7Higher |
Where each is licensed and available
| Country | Davy Select | Zacks Trade |
|---|---|---|
| Ireland | Not confirmed | |
| United States | Not confirmed | FINRA 7874 |
Additional countries for Davy Select: 1. Additional countries for Zacks Trade: 1.
Positions in our rankings
| Ranking | Davy Select | Zacks Trade |
|---|---|---|
| Stock and ETF brokers | 204 of 471 | 201 of 471 |
| Investment platforms and apps | 46 of 86 | 44 of 86 |
Feature by feature
| Account types | Davy Select | Zacks Trade |
|---|---|---|
| IRA | No | Yes |
| Joint | Yes | No |
| Corporate | Yes | No |
What we checked
Davy Select
- davyselect.ie: 5 facts, checked September 26, 2026
- brokerchooser.com: 2 facts, checked September 26, 2026
Zacks Trade
- zackstrade.com: 15 facts, checked September 26, 2026
- brokercheck.finra.org: 2 facts, checked September 26, 2026
Every fact side by side
| Fact | Davy Select | Zacks Trade |
|---|---|---|
| Features | Not confirmed | Mobile app, Options |
| Pricing model | Not confirmed | Low fees |
| Audience | Not confirmed | Experienced, Day traders |
| Legal entity | J & E Davy Unlimited Company | LBMZ Securities Inc. |
| Headquarters | Not confirmed | United States |
| Founded | Not confirmed | 2013 |
| Support channels | Email, Phone, Help centre | Email, Chat, Phone |
Where each stands against the rest
| Fact | Davy Select | Zacks Trade | Median |
|---|---|---|---|
| Minimum deposit | Not confirmed | $250highest quarter | $25 |
| Stock trade fee | Not confirmed | $1highest quarter | $0 |
| Currency conversion fee | 1%highest quarter | Not confirmed | 0.45% |
| Margin rate | Not confirmed | 8.83%above the median | 8.75% |
| Options contract fee | Not confirmed | $1highest quarter | $0.625 |
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.
Zacks Trade
Pros
- Simple per-trade pricing: $1 a stock, $1 an options contract, margin at 8.83%.
- FINRA registration under licence 7874, and client holdings sit with SIPC protection.
- Support covers email, chat and phone, so phone and chat are both available.
Cons
- The $15 inactivity fee sits above the €10 upper quartile among the brokers compared.
- A $250 minimum deposit is well above the €4.64 median on the site.
- Account types cover ira only, which rules out a taxable brokerage account for wider investing.
Who each suits
Davy Select
Who it suits
- Investors comfortable making their own investment decisions and evaluating the risk that investments can lose value.
Zacks Trade
Who it suits
- Experienced traders and day traders who already know the markets they trade.
- US investors who want an IRA and plan to trade options or use margin.
- Investors who will keep trading, since the inactivity fee applies once an account goes quiet.
Who should look elsewhere
- CFI, which takes a minimum deposit of $0 rather than $250.
- eToro, where a stock trade costs $0 against $1 here.
- Vantage, with a minimum deposit of $5, which suits a smaller starting balance.
Country by country
| Country | Davy Select | Zacks Trade |
|---|---|---|
| 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.
Zacks Trade
What does it cost to trade stocks and options?+
Stocks cost $1 per trade and options contracts $1, and the account opens at a minimum deposit of $250. Margin runs at 8.83%. Every figure here applies to the IRA account, which is the account type on offer.
Is my money protected and who regulates the broker?+
Zacks Trade is registered with FINRA under licence 7874, and the legal entity behind the brand is LBMZ Securities Inc. Client holdings sit with SIPC protection, which is the scheme covering money in the account rather than the firm's own balance sheet.
Is there an inactivity fee?+
Yes, an inactivity fee of $15 applies to idle accounts, and it ranks 42 of 56 among the brokers compared. That is a real running cost for anyone holding an IRA for years without trading.
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