Biz News| Trust Bank to launch US equities trading function within its mobile app

[snapp]

Digital lender Trust Bank will launch a trading platform for US stocks and exchange-traded funds, with a wait-list opening on Wednesday (Oct 15).

Customers will be invited to open a trading account in the coming weeks, the bank said in a press release on the same day.

The new service will be offered under the TrustInvest investment platform, which is housed within the bank’s mobile app. TrustInvest – introduced in February – offers a range of investment products catering to different risk appetites.

The upcoming trading platform will also feature fractional trading, which Trust said is a first for a banking app in Singapore.

https://www.businesstimes.com.sg/co...uities-trading-function-within-its-mobile-app

 

[Flexamoria]

Means what

 

[EdenHazard]

No options?

 

[Ahemahem]

fees comparable to real brokers?

 

[snapp]

ST: Trust Bank offers US trading options, the first S’pore digital bank to do so​

Trust joins other overseas digital banks, such as South Korea’s KakaoBank and the UK’s Revolut, in offering a trading service on its app.

The digital bank has a full bank licence but not a capital market licence, which is required to deal in brokerage activities.

It is thus working with a third-party brokerage to offer trading services, and will share more details about its partner in the coming months.

Mr Dwaipayan Sadhu, the digital bank’s chief executive, said this trading platform widens the options for customers to a broader range of investment opportunities, which will now include US stocks and ETFs.

https://www.straitstimes.com/busine...options-the-first-spore-digital-bank-to-do-so

 

[skytan13]

means when fall below they can auto take from bank account?

 

[ZaiNan]

Does not have the relevant licence but working with 3rd party broker...

Then why should I go to trust bank when I can directly access to 3rd party broker such as moomoo and tiger??

 

[0218crawford]

Yea. Free shares coming.