Truist Trade Review For 2026
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Truist Trade Review
Key takeaways:
• Truist Financial provides investment accounts that can be used alongside its banking products.
• The company’s self-directed brokerage program is known as Truist Trade.
• Qualifying transactions in a Truist Trade account can receive commission-free pricing.
Overview of Truist Trade
Customers who already use Truist for banking may also want to examine the firm’s self-directed investment service. Here is a detailed look at the program:
Investing and Trading
Truist Trade is a self-directed brokerage service offered to existing clients of Truist Financial Corporation. Customers can use it to trade stocks, ETFs, options, mutual funds,
and fixed-income investments. No other major investment categories are currently offered through Truist Trade.
Truist also provides full-service brokerage accounts through Truist Investment Services, which include professional assistance and access to a wider range of investments.
Truist Trade does not offer individualized financial plans or personalized investment advice. However, the brokerage firm’s parent
company, Truist Financial Corporation, provides these services through separate advisory and investment programs.
Truist Trade Fees
Customers currently need to provide $1,000 in initial funding for a Truist Trade account. Stock purchases are also subject to a minimum transaction amount of $100.
Truist charges no online commission on common-stock and ETF orders containing no more than 1,000 shares. When an order exceeds this limit, the shares above the first 1,000 cost $0.03 each. Placing an equity transaction by telephone with help from a live representative adds a $25 broker-assisted charge.
Options transactions are subject to commissions. Broker-assisted options orders use the following tiered pricing schedule:
| Principal Amount | Fee |
|---|
| $0 - $2,999.99 | $38.00 + 0.90% of principal |
| $3,000 - $9,999.99 | $41.00 + 0.80% of principal |
| $10,000 and above | $51.00 + 0.70% of principal |
Options orders submitted online receive a 10% reduction from the commission schedule shown above. The regular minimums continue to apply, including a minimum cost of $2.50 per contract, a maximum of $25 per contract, and an overall minimum commission of $40.
Fixed-income trades contain markups or markdowns within the transaction price. No-load mutual-fund orders can cost between $0 and $50 per transaction, while loaded funds are subject to the sales charges and other expenses disclosed in their prospectuses.
Truist Trade charges a $60 annual subscription fee. The charge can be waived in certain circumstances, including for eligible customers who signed in to Investment Portfolio or Wealthscape Investor during the prior calendar year or who are part of a household with at least $250,000 in qualifying investment assets.
Non-IRA brokerage accounts may also be charged a separate $60 annual custody fee. The charge may be waived for households holding at least $250,000 in qualifying brokerage assets or for customers who completed a transaction during the previous calendar year. Retirement accounts have their own $60 annual maintenance fee, which may be waived when the household has brokerage assets of at least $500,000.
Margin Trading
Customers can establish a Truist Trade brokerage account with either cash or margin privileges. The interest rates charged on
borrowed margin balances are not displayed on the primary Truist Trade pricing page.
Software
Truist Trade clients can view and manage their brokerage accounts, Truist Bank deposit accounts, and other
Truist Investment Services accounts through the company’s website and mobile application. The
app works on compatible Android and iOS phones and tablets and includes mobile check deposit
along with several other convenient banking features. Truist Trade also supplies investment research, stock-screening resources, account balances, portfolio details, and tools for transferring funds.
Additional Features
Extended Hours: Truist Trade does not provide extended-hours trading.
Fractional-Share Trading: Stock and ETF orders at Truist Trade must use whole shares.
Initial Public Offerings: Customers do not receive access to IPO allocations.
IRA Service: Truist Trade offers both Roth and Traditional IRAs.
Dividend Reinvestment Plan: Eligible investments in a Truist Trade account can participate in automatic dividend reinvestment. Reinvested distributions may be used to acquire partial shares.
Fully-Paid Stock Lending Program: Eligible Truist Investment Services brokerage customers can participate in a fully paid securities-lending program.
Recommendations
Retirement Planning & Long-Term Investing: Because Truist Trade does not include annuities or personalized financial-planning assistance, it
may not be the strongest choice for customers who want complete retirement guidance. A full-service Truist Investment Services account may be more appropriate.
Active Stock Trading: Truist Trade’s brokerage software is fairly basic, leading us to believe that
Charles Schwab may be a better option for sophisticated trading.
Small Accounts: Truist Trade has a $1,000 initial funding requirement and can impose several different annual account charges. These requirements make the service less appealing to small
investors. Webull could be a more suitable alternative.
Beginners: Investors who need help selecting and managing investments may find an advisory account through Truist Invest or Truist Investment Services
more appropriate than the self-directed Truist Trade program.
Mutual Funds: Both self-directed and full-service Truist brokerage accounts provide access to
mutual funds, although customers may pay transaction charges and the funds’ own operating expenses.
Truist Trade Review Judgment
Truist Trade offers a practical self-directed brokerage service, but some of its costs are higher than those commonly found at modern discount brokers. Its $1,000 initial funding requirement and possible subscription, custody, and IRA maintenance fees make the program less attractive, particularly for customers with modest account balances.
Updated on 9/20/2026.
Chad Morris has been analyzing investment firms for Brokerage-Review.com since 2015. Backed by FINRA Series 65, 66, and SIE credentials, his work reflects a deep knowledge of the retail brokerage industry and digital trading tools.
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