Trust Bank launches retail trading platform for US stocks and ETFs, offering in-app fractional investing
Since admitting investors from its waitlist in November 2025, 10,000 customers have opened trading accounts
[SINGAPORE] Digital lender Trust Bank on Tuesday (Jan 20) launched its in-app trading platform, becoming the latest entrant into Singapore’s crowded retail trading space.
In partnership with investment and trading firm Saxo Singapore, the trading platform – TrustInvest – enables customers to trade over 7,000 US stocks and exchange-traded funds (ETFs).
The platform was first announced in October 2025.
Since admitting investors from its waitlist in November 2025, 10,000 customers have opened their trading accounts, with 45 per cent of customers who traded making fractional trades.
In response to media queries on Tuesday, Trust Bank CEO Dwaipayan Sadhu said that the initial set of investors is “not skewed” to any specific demographic.
Both new and seasoned investors have begun using the platform, he noted.
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The bank noted that the fractional trading feature is a first for a banking app in Singapore. The feature allows investors to buy portions of a single share, lowering the barrier to entry to higher-priced US stocks such as Tesla or Meta, which trade at more than US$390 a share.
Trust Bank said that it will not charge platform, custody and settlement fees for trading. The platform will allow customers to perform fractional trading, with a minimum investment sum of US$10.
Commission fees for all trades will be waived until Jun 30, following which, trades will incur a 0.05 per cent commission fee, with a minimum of US$2.99 a trade thereafter.
The rationale for charging zero fees is to allow the bank to build a “holistic banking relationship”, explained Sadhu. He explained that the trading function will complement the bank’s existing suite of saving and lending products.
Other digital brokerages such as Moomoo, Webull and Tiger Brokers are also charging low, if not zero, trading fees.
Despite the low fees, Aditya Gupta, chief product officer at Trust Bank, said that there remains an “inherent trust deficit” for fintech platforms, reflecting differences in how they are regulated compared with banks.
That said, even though traditional banks “come with the assurance of safety and security”, the high fee structure and “clunky” user experience increases the barrier of entry for investing, he added.
Gupta pointed out that the value proposition of Trust Bank’s investment platform lies in combining the trust associated with a bank with competitive fees. “We are offering the best of both worlds,” he added. He also noted that in the bank’s pre-launch survey, early investor bias and trading activity were concentrated in US markets.
Mahesh Sethurama, chief executive officer at Saxo Singapore, agreed. He said that the average Singaporean is “heavily invested in the US market”, adding that 70 per cent of Saxo’s clients are invested there.
Gupta said that Trust Bank intends to expand the offerings beyond US stocks and ETFs, and will include those from Singapore in the future.
However, the lender did not commit to a timeline on when it will allow users to trade with Singapore equities.
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