Trust Bank is stepping into a new territory with the introduction of a trading platform for US stocks and exchange-traded funds (ETFs). This development makes Trust Bank the first in Singapore to offer fractional trading, thus offering everyday investors an easier gateway to the global marketplace.
In the early part of this year, Trust Bank rolled out TrustInvest, a tool aimed at simplifying the investing process and making it universally accessible. The digital banking institution is taking this promise a step further by launching a trading platform for US-listed stocks and ETFs within the Trust App.
This innovative feature enables users to purchase and sell global equities directly within the app, creating an effortless path to investment, tracking, and increasing wealth all in one location.
Trust Bank’s latest offering includes an outstanding feature: fractional trading. This facility allows customers to invest in fractions of high-priced stocks, thereby eliminating the need to invest large sums of money to own shares in their preferred companies.
Trust Bank observes that some popular stocks and ETFs are priced over S$500 per share, but with fractional trading, even small investments can lead to building a diversified portfolio. This provision broadens the chance to access big-league entities like Netflix, Meta, or Apple for a wider range of investors.
In addition to individual stocks, investors will have the opportunity to trade ETFs, offering a simple route to diversify their holdings. These funds amalgamate multiple assets – ranging from index trackers to sector-focused or digital asset portfolios – into a single investment. This strategy allows users to distribute risk while targeting specific themes or markets.
All transactions take place within the Trust App, eliminating the need to transfer funds between different platforms. The entire experience is built to be straightforward, smooth, and secure.
The waitlist for the new TrustInvest trading platform is now open for interested investors. Current Trust Bank customers can register directly within the app, while prospective users can open a Trust Savings account within a few minutes to start the process.
Those on the waitlist will receive invitations to open trading accounts in the next few weeks.
Reflecting on the success of the initial TrustInvest launch, Dwaipayan Sadhu, CEO of Trust Bank, expressed enthusiasm about expanding the offering to allow customers to trade US stocks and ETFs. He emphasized that offering fractional trading will enable all customers to access a wide range of investments via a user-friendly and seamless banking app.
This initiative positions Trust Bank as a pioneer in Singapore’s digital banking scene, drawing Wall Street closer to the everyday investor.
What is the new feature introduced by Trust Bank?
Trust Bank has launched a trading platform for US stocks and ETFs within its app, making it the first in Singapore to offer fractional trading.
How does the fractional trading feature benefit investors?
Fractional trading allows investors to buy fractions of high-priced stocks, thus eliminating the need for large investments, and making the process accessible to a wider range of investors.
How can investors join the waitlist for the new TrustInvest trading platform?
Current Trust Bank customers can join the waitlist directly within the app, while new users can open a Trust Savings account to get started.
