Who doesn’t want money? We all love to earn more money because it is one of the necessary things to live a luxurious life. But the question is, what is the best way to make more money?
The answer is stock marketing. This is the best way to earn money, which is why companies invest in stock trading app development.
In the past, investors used to call the stock exchange to give instructions on selling, buying, and holding stocks or to consult about new purchases.
Thanks to the latest technology that allows us to manage, buy, and sell stocks online. It gives a great opportunity to users to sell and buy stocks and manage them.
In simple terms, stock trading app development is gaining high popularity worldwide. Today, in this blog, we will discuss everything about the stock trading app development and the reason to launch your app in 2023.
Are you curious to get the appropriate answer to your questions? Well, read out the complete blog without turning your head.
Types of Stock Trading Apps
When we talk about stock trading app development, the first thing that comes to mind is the type of trading app. The availability of trending app options is high in the market so, stock trading mobile apps also have many types. Here, we can classify them into two groups. They are:
Traditional oriented is the first type of stock trading application that deals in assets such as stocks, ETFs, currencies, precious metals, and so on. This is a more popular type of traditional stock trading app as it can be a participant in the market in order to deal in assets they understand.
To create your own app, you can look at it and pick an idea for your own application.
However, you need to seek the help of a trading app development company that will give you the ultimate and possible solutions that help you in building a brand.
So, before starting the project, count on a reputable and trustworthy name that will give you peace of mind knowing your project is in good hands.
This is another type of stock trading app. Under this, users are able to deal with cryptocurrency and easily make payments with the help of cryptos like Bitcoin, Litecoin, and Ethereum. Moreover, under this, there are also two options for cryptocurrency exchange.
In accordance with this clause, brokers assist in carrying out the exchange. It means it is perfect for investment.
It works as per the p2p cryptocurrency exchange model, and it can be carried out without any interface with the help of a third party.
These are some types of stock trading apps you can see in the market. It means you can take an idea from this type of trading app and build the best one for the business that helps you to take your business to the next level and get a high return on investment. But the question is how to develop an app without any knowledge and experience.
Well, building an app with knowledge and skill sets is possible. In such a situation, you need to seek the help of an experienced team that will give you the best trading app development services.
Is It a Good Time to Invest in Stock Trading App Development?
Nowadays, stock trading is the talk of the town. It means it is the right time to invest in stock trading app development. You know stock trading applications make it possible for investors to be updated on how their portfolios are moving.
In simple terms, there is a good scope for trading app development, so you should launch your own app in 2023 to help you build a brand and be a kind of the stock trading market.
To make your application more unique and trending, you can add some unique features compared to your competitors. The success of an app is dependent on the number of features and other aspects such as tech stack and many more.
So, you need to make sure that everything is good.
On the basis of this information, you can easily build an attractive and responsive app that helps to attract visitors to look out for the app and try them for stock trading.
For this job, it is best to hire dedicated developers because they are familiar with trends and they know what to do to build a brand.
Must-Have Features Of A Stock Trading App
When it comes to ensuring the success of an app, features play an essential role. This is why you should take care of the features while choosing iPhone app development services.
Below we mentioned a list of features that a stock trading app must have. It will help you in building the perfect app that you want.
- Authenticated Login
The check-in procedure must be easy when building a stock trading app. It allows the users to register using the appropriate credentials such as email id, social media platform, and biometrics system.
For this, you can contact a trading app development company with a team of developers who have good hands in building professional-looking apps that are compatible with different platforms such as iOS and Android.
- Accessible User Page
This is another important feature a stock trading app must have. It provides freedom to the users to edit and update their profiles. With the help of this, you can collect users’ personal data and trades in which they are interested.
However, you should seek the help of a mobile app development company. A reputable name will give you the ultimate solutions that meet your requirements.
- Transactions Management
You should undoubtedly pay attention to integrating a transaction management feature for recording and monitoring all the transaction history that helps the users handle their own payments. In simple terms, all the withdrawals and deposit transactions can be notified.
So, when you decide to build the best investment apps, you need to tell the developers to add this feature to your application. It ensures customer satisfaction.
- Purchase and Sell
It will allow the users to make better trading decisions by searching the stock’s current status apart from the news that is mentioned in the present stock. Therefore, you need to add this feature to your app.
To make this process easier and more convenient, hire android app developers with more than 5+ years of experience building one of the best solutions.
- Profit/Loss Status
There is no doubt that profit and loss are part of stock trading, which is why it is crucial to have this feature. The profit and loss feature depicts the percentage of profit or loss on a particular stock, including the ranking pattern.
This will show a list of stocks a user is trading and make the analysis easier. So, when deciding to invest in stock trading app development, you need to add this function to your app. You can get in touch with professionals to develop a stock trading app for this task.
It allows the users to track a specific stock’s performance and save it in their watchlist to be bought or sold later. They can save all the stocks they are interested in one place and get the latest trading cost.
So, you should also add this function to your application when deciding to opt for investment app development services. To make this process easier, the development team can also help you in every possible way.
The Best Stock Trading App
Once you decide to build a stock trading app, you need to have an idea. For this, you can take a referral from different applications. Below we mentioned the best stock trading apps that help you in building the best solutions:
E*TRADE ranks high because it is compatible with iPhone and Android devices. This application has many functions, making it the best stock trading app for beginners. It also offers complex trading orders, advanced options orders, and more than 100 charting indicators.
In simple terms, it’s a high-powered platform that has sophisticated tools for active traders, but its modern design and interface make the app easy to use. So, you can take an idea from this application to build the best trading app to earn money.
2. TD Ameritrade
This high-rated mobile app for iPhone and Android devices provides two powerful applications and does not take any commissions when you trade. This application comes with the most advanced charting packages available on mobile.
With the help of this application, traders can easily access news headlines and TV streams from CNBC alongside the TD Ameritrade Network, with nonstop broadcasting throughout the trading week.
Read also: Mobile App Development Cost: Complete Guide
It is a longtime leader in the world of stock trading. This application is known for providing great tools across its desktop, web, and mobile platforms. With this app, traders can access their TradeStation Crypto account directly through the application.
So, you can take an idea from this app for stock trading app development and build your own application. You can use an excellent tech stack and features to make it attractive and easy to use.
4. Robinhood Stock Trading App
Robinhood became a more popular trading app. The application’s primary function revolves around tracking the stocks you own, searching and trading stocks, etc. This application also provides a wide set of supreme features in its free version, making it a classic reference point.
The Cost Evaluation for Stock Trading App Development
If you are thinking about how to build a stock trading app, a winning strategy is to use trending features and a tech stack. Apart from this, you should also know the cost of building an app. It will help you in setting a budget for your next project.
Thus, collecting all the information about the cost of building a stock trading app is necessary. However, the cost may differ based on features, tech stack, framework, and technology used for building the app.
The location also plays an essential role in building a budget, as we all know that there are many locations where developers take different charges for building an app. Below we mentioned a table that will give you an idea about stock trading app development cost that will help you in building a functional app.
|Location||Stock Trading App Development Cost Per Hour|
|UK||$40-$70 Per Hour|
|US||$30-$60 Per Hour|
|Australia||$35-$80 Per Hour|
|India||$15-$40 Per Hour|
This will give you an idea of which one is good for building an app for your business. On the basis of this information, you can easily find a reputable agency with years of expertise in building a successful app.
Cost trading app development projects require complex app logic and architecture. Using the right technology, features, and developer’s experience defines the project’s success. This blog has tried to cover all the primary questions you want to know to build a functional application.
If you want to build a stock trading app, you should also look for dedicated developers with years of expertise in building a custom and fully functional application. For the best solutions, hire dedicated developers from a trustworthy agency such as TechGropse and build an app that stands out in the market.
Which Is The Best Stock Trading Mobile App?
There are many options when looking for a stock trading app. However, it depends on your experience level and what you choose for trading. For more information, you can also search online to get the best option.
Is It Safe To Use Share Market Investment Application?
Stock trading apps are safe because they are built using the latest tech stack.
How To Earn Money From Stocks?
- Collecting dividends
- Selling stocks for a profit