Truist Trade Review for 2025
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Truist Trade Review
Key points:
• Truist Financial offers investment accounts along with its bank accounts.
• Truist provides self-directed brokerage through a program called Truist Trade.
• You can make commission-free trades in a Truist Trade account.
Overview of Truist Trade
If you already use Truist for banking, you might want to look at the company's self-directed investing program. Here’s what you need to know:
Investing and Trading
Truist Trade is a self-directed brokerage platform for Truist clients who want to invest at the lowest possible cost. With Truist Trade, you can trade stocks, ETFs, options, mutual funds, and bonds. There are no other asset types for now within Truist Trade. Truist does have full-service brokerage accounts at other branches with more investment options.
Truist Trade does not provide financial planning or investment advice. Truist Financial Corporation, the parent company, does have these services in other areas.
Truist Trade Fees
You can open a Truist Trade account with just $1. There isn’t an ongoing minimum balance requirement.
There are no commissions on stock trades of 1,000 shares or fewer. Orders above 1,000 shares cost $0.03 per share. If you place a trade by phone with a live broker, that adds $25.
Options do not have zero commissions. They follow a tiered schedule:
| Trade 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 |
Bond trades include markups or markdowns. Mutual funds may charge up to $50 per trade.
Although Truist Trade is generally low-cost, it does carry a $60 yearly account fee. This fee is waived if you have at least $250,000 in household assets. Truist also removes the fee for accounts that log in to the Wealthscape Investor or Investment Portfolio platform at least once in the previous calendar year.
Margin Trading
You can open a Truist Trade brokerage account as either margin or cash. Loan interest rates aren’t posted, and customer service isn’t aware of them.
Software
Truist Trade customers can manage all their accounts (including Truist Bank deposit accounts and other Truist Investment Services accounts) through the website and the mobile app. The app works on Android and iOS devices (phones and tablets) and includes mobile check deposit and other features.
Additional Features
Extended Hours: Not offered with Truist Trade.
Fractional-share Trading: Truist Trade only allows full share transactions.
Initial Public Offerings: Not available.
IRA Service: You can open Roth and Traditional IRAs through Truist Trade.
Dividend Reinvestment Plan: DRIP is available for stocks and funds in a Truist Trade account.
Fully-Paid Stock Lending Program: Offered through Truist’s full-service securities accounts.
Recommendations
Retirement Planning & Long-Term Investing: Without annuities or financial advisors, Truist Trade
doesn’t seem like a strong choice. A full-service account with Truist Investment Services might be better.
Active Stock Trading: Truist Trade’s software is basic, so we think
Charles Schwab could be a better option.
Small Accounts: With a $60 annual fee, Truist Trade isn’t ideal for smaller investors.
Robinhood is a better choice.
Beginners: A robo account through Truist Invest or a full-service account at Truist Investment Services
is more suitable for new investors.
Mutual Funds: A self-directed or full-service Truist account can be a good way to access mutual funds.
Truist Trade Review Judgment
Truist Trade has a decent self-directed program, but some fees aren’t competitive with today’s industry standards. Since this division is meant to be a discount brokerage, its overall value is questionable.
Updated on 6/16/2025.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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