Cost and Features to Build an App Like Upstox
- Stock Trading App Development

Cost and Features to Build an App Like Upstox

Did you know that lots of people buy and sell stocks online? It is a really famous way to do it because it is easy and sometimes you can get better prices. If do also want to build an app like Upstox, you must consult with a stock trading app development company to make a successful app.

With the advancement of digital trading platforms, Upstox has emerged as one of the most popular stock trading apps. The platform’s user-friendly interface and cutting-edge trading features have made it a go-to choice for traders of all levels.

As a business owner, you could be wondering about the cost and features needed to build an app like Upstox. In fact, a company says that over 1.79 billion people worldwide will be doing it in 2021.

Companies could try to make more money by creating apps that let you trade stocks on your smartphone.

In this post, we will take a comprehensive look at the different aspects you should consider when building an app like Upstox, including required features, cost estimation, infrastructure development, API integration, UI design, and testing and deployment.

What is UPSTOX?

Upstox is the best trading app in the world and an online discount brokerage firm based in India. It provides a platform for individuals to trade in different financial instruments, including derivatives, stocks, currencies, commodities, and more.

Upstox app development offers a user-friendly interface, advanced trading tools, research and analysis resources, and competitive pricing structures.

Traders can access the Upstox platform through their website or mobile app, allowing them to execute trades, track market movements, and manage their investment portfolio.

It has attained significant popularity in India’s retail trading community for its affordable brokerage fees and technological advancements.

Please note that the information provided here is based on the knowledge available up until September 2021, and there may have been updates or changes to Upstox since then.

How Does an Online Stock Trading Mobile Application Work?

A custom stock trading app development allows users to buy and sell stocks, monitor market data, and handle their investment portfolio using their mobile devices.

Here is a general overview of how such apps work:

Account Creation: Users must create an account with the online brokerage firm that delivers the trading app. It involves providing personal details, completing the essential verification processes, and funding the trading account.

Market Data and Research: The trading app provides real-time market data such as financial news, charts, stock prices, and research reports. Users can access this information to make informed investment decisions.

Placing Orders: Users can place various types of orders like market orders (buy or sell at the general market cost) or limit orders (buy or sell at a typical cost). They can also set stop-loss and take-profit levels to manage risk.

Trade Execution: Once an order is placed, the trading app sends the order to the stock exchange or trading platform where it is performed. The app gives confirmation of the trade, including the number of shares bought or sold and the price at which the trade was executed.

Portfolio Management: Users can track their investment portfolio through the app. It displays the current value, holdings, and overall performance of their investments. Users can also monitor the performance of individual stocks and access relevant financial details.

Account Management: App like Upstox allows users to manage their trading accounts in an effective way. They can view transaction history, deposit or withdraw funds, access tax documents, and customize account settings.

Notifications and Alerts: The trading app can offer notifications and alerts related to price changes, order executions, market events, and other appropriate information. Users can also customize all these notifications based on their choices and needs.

Security: Security is more concern things nowadays. online stock trading mobile apps prioritize security measures to secure users’ personal and financial details. It includes secure login procedures, encryption, two-factor authentication, and compliance with regulatory standards.

It is important to note that the specific features and functionalities of stock trading apps can vary among various brokerage firms.

Users should carefully review the terms of service, the app’s documentation, and customer reviews to understand its specific capabilities and limitations.

How do I Make Money on My Own Trading App Like Upstox?

How do I Make Money on My Own Trading App Like Upstox?

Investing and stock trading apps use different methods to generate revenue. Before to build an app like Upstox you must know how top fintech app makes money.

Here are some common ways these apps make money:

Commission Fees: Many investing and stock trading apps set commission fees for executing trades. These fees can be a fixed amount per trade or a percentage of the trade value. However, it is worth noting that some apps, especially in the domain of online discount brokerages, have moved towards offering commission-free trading to attract users.

Subscription or Membership Fees: Some apps offer premium features, advanced tools, research reports, or educational resources through subscription or membership models. Users pay a regular fee to access these improved services.

Margin Trading: Fintech app development services allow users to trade on margin, which means borrowing funds to leverage their trading positions, can earn interest on the margin loans provided to users. The app charges interest on the borrowed amount, generating revenue from the interest spread.

Interest on Cash Balances: When users carry cash balances in their trading accounts, investing apps may earn interest on these idle funds. They could invest these balances in low-risk instruments or sweep them into partner banks, earning interest on those deposits.

Data Sales and Analytics: Investing apps collect a vast amount of data on user behavior, trading patterns, and market trends. They can aggregate and anonymize this data to sell it to financial institutions, market research firms, or hedge funds. Additionally, apps can offer premium data analytics tools or research reports to institutional clients for a fee.

Asset Management Services: Some investing apps offer robo-advisory or managed portfolio services. They create and manage diversified portfolios for users based on their investment goals and risk tolerance. These services typically charge a management fee based on a percentage of the total assets under management (AUM).

Partner Programs and Referral Bonuses: Investing apps may partner with financial institutions, brokers, or other service providers. They earn referral fees or receive a share of the revenue generated when users sign up or transact with these partner entities through the app.

Advertising and Promotions: Apps can generate revenue by displaying advertisements or promoting financial products and services. They may partner with advertisers, brokers, or financial institutions to display targeted ads or sponsored content to users.

It is important to note that the revenue models can differ among various investing and stock trading apps.

Some apps may employ a combination of these strategies, while others may focus on specific sources of revenue.

Users should review the app’s terms of service and disclosures to understand how the app generates income and any associated costs or fees.

Why Should You Invest in Building Online Stock Trading App Like Upstox?


Why Should You Invest in Online Stock Trading App Like Upstox?


On demand app development company focus to build online stock trading app development can be a strategic and lucrative decision for several reasons:

Growing User Demand

Online stock trading has gained substantial popularity in recent years. More and more individuals are interested in investing in the stock market and managing their portfolios digitally. Developing a user-friendly and feature-rich trading app can attract this growing user base and tap into the increasing demand for convenient and accessible investment platforms.

Mobile-First User Behavior

The transition towards mobile devices for different activities, including financial transactions, is undeniable. People are using smartphones and tablets for their daily tasks, and investing is no exception. By offering a mobile app, you can cater to the mobile-first behavior of users, delivering them with a convenient and on-the-go trading experience.

Enhanced User Experience

A well-designed and reflexive trading app can significantly improve the user experience compared to traditional desktop platforms or websites. Mobile apps can offer exciting features, like personalized alerts, push notifications, and intuitive touch-based interactions, to provide a seamless and engaging trading experience. This can help attract and keep users.

Access to Advanced Tools

Online stock trading apps can offer advanced trading tools and features, including customizable charts, research reports, technical analysis indicators, and risk management tools. These tools help market trends, identify trading opportunities, users analyze, and manage their portfolios effectively. By providing such tools, you can differentiate your app and attract users who value advanced trading capabilities.

Cost Savings and Efficiency

For users, online stock trading apps can offer cost savings compared to traditional brokerage services. By eliminating or reducing commission fees, providing access to low-cost investment options, and streamlining processes, apps can make investing more affordable and efficient. This value proposition can attract users seeking cost-effective investment solutions.

Revenue Generation Opportunities

To build an app like Upstox is a successful trading app opens up different revenue generation opportunities. You can earn revenue through subscription models, commission fees, premium features or services, data sales, referral programs, and more. With a growing user base and active trading activity, these revenue streams can contribute to the profitability of your app.

Branding and Market Positioning

Developing and launching an online stock trading app can help establish your brand presence in the financial technology (fintech) sector. It permits you to position your brand as a modern and innovative investment platform, catering to the digital-savvy audience. A well-designed app with a strong value proposition can make a positive brand image and attract attention in a competitive market.

How To Build an App Like Upstox?

To build stock trading app its recommended to consult with a mobile app development company and follow some essential steps. Here is a high-level overview of the process:

1. Define the Requirements

Start by clearly defining the needs and goals of your app. Define the features you want to include, like trading functionality, account creation, market data, notifications, portfolio management, and security measures.

2. Market Research

Conduct market research to understand the user requirements, target audience, and competitors. Determinate the unique selling points and differentiators for your app. This research will help you refine your app’s concept and make informed decisions during development.

3. Design the User Interface (UI) and User Experience (UX)

Create wireframes and prototypes to design the app’s UI and UX. Focus on creating an intuitive, user-friendly interface that offers a seamless trading experience. Consider incorporating modern design principles and ensuring compatibility across different mobile devices.

4. Backend Development

Develop the backend infrastructure that will handle user authentication, order execution, data storage, and integration with market data providers. Implement robust security measures to protect user details and transactions.

5. Integration with Exchanges and Data Providers

Integrate the app with stock exchanges or trading platforms to allow real-time market data, order routing, and trade execution. This needs working with APIs provided by these institutions and ensuring compliance with their regulations.

6. Implement Trading Functionality

To implement amazing functionality you must hire dedicated developers who offer order types, trade execution, order placement, and order status tracking. Implement features such as limit orders, market orders, stop-loss orders, and take-profit orders.

7. Real-time Market Data

Integrate real-time market data feeds to provide users with up-to-date stock prices, charts, financial news, and other relevant information. Ensure the data is correct and delivered in an effective manner.

8. Account Management and Security

Develop features for users to manage their accounts, including profile management, account creation, deposit/withdrawal options, and access to transaction history. Implement robust security measures to secure user accounts and transactions, like authentication, encryption, two-factor, and secure login procedures.

9. Testing and Quality Assurance

Conduct complete testing to identify and resolve any bugs or issues. Perform usability testing, functional testing, performance testing, and security testing to ensure the app functions smoothly and meets user expectations.

10. Launch and Deployment

Prepare the app for deployment to the app stores (such as the Apple App Store and Google Play Store). Follow the guidelines and requirements of the respective app stores for submission and approval. Once approved, make the app available for download to users.

11. Post-launch Support and Updates

Continuously monitor the app’s performance, collect user feedback, and make improvements based on user needs and market trends. Provide bug fixes, regular updates, and introduce new features to improve the user experience and stay competitive.

To build an app like Upstox free needs a multidisciplinary team with expertise in mobile app development, backend development, UI/UX design, market data integration, and security. It is also important to comply with relevant regulatory frameworks and ensure the app meets the required legal and compliance requirements.

Top 5 Apps for Stock Trading in India


App Name Description Android Ratings Android Downloads
Zerodha Zerodha is a leading discount brokerage platform in India known for its low-cost trading and investment services. It offers a feature-rich app with advanced charting, order types, and market data. 4.2/5 stars 50 Lakh +
Upstox Upstox is another popular discount brokerage platform that provides a user-friendly trading app. It offers commission-free trading, real-time market data, advanced order types, and features like margin trading and investment options. 4.4/5 stars 1 Crore +
Angel Broking Angel Broking is a full-service brokerage firm with a mobile app that provides trading, research, and advisory services. It offers features like real-time market data, personalized recommendations, and a comprehensive suite of trading tools. 4.2/5 stars 1 Crore +
5paisa 5paisa is a low-cost brokerage platform that provides a mobile trading app with competitive pricing. It offers features like real-time market data, advanced charting, technical analysis tools, and access to investment products like mutual funds and insurance.  

4.2/5 stars


50 Lakh +
Groww Groww is a popular investment platform that also offers stock trading services through its app. It provides a simple and intuitive interface, commission-free investing and trading, real-time market data, and a wide range of investment options including stocks and mutual funds.  

4.3/5 stars


1 Crore +

How Much Does Cost to Build an App Like Upstox?

The Upstox app development cost can based on several aspects, including the app’s features, , platform compatibility, complexity design requirements, development team rates, and geographic location.

Building an app like Upstox typically involves hiring a development team, which can range from a small team to a larger agency. Development rates can differ significantly based on the team’s expertise and location. Different countries have various rates like India or Eastern Europe can be lower compared to rates in North America or Western Europe.

Considering these elements, the cost to build an app like Upstox can range from $50,000 to $200,000 or more, depending on the exact needs and customization required.

Here’s a breakdown of the potential cost:


Cost Factors Estimated Range
Development Team $30,000 – $150,000+
Platform Compatibility (iOS and Android) $10,000 – $50,000+
Features and Functionality $20,000 – $100,000+
Design and User Experience (UI/UX) $15,000 – $50,000+
Backend Development and Integration $15,000 – $75,000+
Testing and Quality Assurance $10,000 – $40,000+
Post-launch Maintenance and Updates $10,000 – $50,000+
Total Estimated Cost $100,000 – $515,000+

Final Thought

Building an app like Upstox requires careful planning, budgeting, and execution. By following the steps outlined in this article, you can better understand the various factors involved in creating a successful stock trading app.

Remember to focus on incorporating advanced providing a seamless user experience, trading features, and ensuring security and scalability.

With the proper development team and strategy, you too can build an app like Upstox that satisfies the requirements of traders and investors in India.

FAQ: Cost and Features to Build an App Like Upstox

1. Can I create my own trading platform?

Yes, it is possible to make your own trading platform. However, developing a trading platform requires significant technical expertise, resources, and commitment to regulatory guidelines. You would require to consider factors such as market data integration, platform design, trading functionality, security measures, and compliance requirements.

Building a trading platform from scratch can be a complex and time-consuming process. Alternatively, you can explore white-label solutions or collaborate with established technology providers to customize a trading platform to fit your specific requirements.

2. How do I make my own trading app?

To make your own trading app, you need to follow these key steps: conduct market research, define requirements, design the user interface, develop the backend infrastructure, integrate with market data providers, ensure security measures, implement trading functionality, conduct thorough testing, and deploy the app to app stores.

3. Which technology is used in Upstox?

Upstox uses a combination of technologies for its trading platform, including Java for backend development, React Native for mobile app development, JavaScript for frontend development, and various APIs for market data integration, order routing, and other functionalities.