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Trust Bank has launched its in-app retail trading platform, TrustInvest, marking its entry into Singapore’s highly competitive retail investment market. Developed in partnership with Saxo Singapore, the platform allows customers to trade more than 7,000 US-listed stocks and exchange-traded funds (ETFs). The service was first announced in October 2025 and began admitting users from a waitlist in November.
Since then, about 10,000 customers have opened trading accounts. According to the bank, adoption has been broad-based rather than concentrated in a specific demographic, with both new and experienced investors using the platform. Notably, 45 per cent of customers who have traded so far have made use of fractional investing.
Fractional trading, which Trust Bank says is a first for a banking app in Singapore, allows investors to buy portions of a single share with a minimum investment of US$10. This lowers the barrier to entry for high-priced US stocks such as Tesla or Meta, which trade at several hundred US dollars per share.
Trust Bank said it will not charge platform, custody or settlement fees. Commission fees for all trades are waived until Jun 30, 2026. After that, trades will be charged a commission of 0.05 per cent, subject to a minimum fee of US$2.99 per trade.
Chief executive officer Dwaipayan Sadhu said the zero-fee approach is intended to help the bank build a more holistic banking relationship, with investing complementing its existing savings and lending products. Trust Bank believes its value proposition lies in combining the regulatory trust and security of a bank with the low fees and user-friendly experience typically associated with fintech platforms.
The platform currently focuses on US markets, reflecting strong local investor interest in US assets. Trust Bank plans to expand its offerings to include Singapore equities in future, although no timeline has been provided.
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