Trust Bank Singapore has unveiled a significant expansion of its TrustInvest service, launching a new trading platform for US stocks and exchange-traded funds (ETFs). This development marks the first time a banking app in Singapore will offer fractional trading, allowing customers to invest in smaller portions of shares, thereby broadening their investment opportunities.
The platform, accessible via the Trust App, enables users to buy and sell US stocks and ETFs, which are investment funds traded on stock exchanges. ETFs offer an efficient way for investors to diversify their portfolios by investing in a variety of assets through a single transaction. These can include index-trackers, digital asset funds, and sector-specific investments.
Fractional trading is particularly noteworthy as it allows investors to purchase portions of shares rather than whole shares, making it more affordable to invest in high-value stocks like Netflix or Meta, which can cost over S$500 per share. This feature is designed to make investing more accessible and flexible for all customers.
The waitlist for the new trading platform opens today, with customers set to receive invitations to open trading accounts in the coming weeks. Trust Bank CEO Dwaipayan Sadhu expressed enthusiasm about the expansion, stating, “Following the success of our initial TrustInvest launch, we are excited to expand our offering so that customers can trade US stocks and ETFs. Offering fractional trading means that all our customers can access a wide range of investments, with the confidence of doing so through an easy to use and seamless banking app.”
This initiative is part of Trust Bank’s ongoing efforts to simplify and enhance the investment experience for its users, making it more seamless and secure.
