How To Build A Stock Trading Platform | Cost to make a stock trading app

How To Build A Stock Trading Platform | Cost to Make a Stock Trading App

(Technology Advisor)

April 14, 2022

The digital age has made investors, brokers, and traders’ trading convenient with the launch of stock trading apps. They don’t have to show physical presence at major stock exchanges while investing in the bull or bear market. Additionally, real-time data access, predictive analysis reports, and market updates work as a bonus for everyone.

How To Build A Stock Trading Platform

Considering the need for an hour, these solutions prove great assistance to modern traders. On the same side, you cannot deny that stock market apps provide predictive solutions only. And there is no such app or software that can define an accurate stock market picture. 

How To Build Interactive Brokers Automated Trading Software?

But, if you can build such a solution with an experienced stock trading app development company, you have the potential to change the entire trading world. 

Want to try with us? If yes, keep scrolling, you will get answers to all your questions like;

  • How to build a stock trading app?
  • How to build a stock trading platform?
  • How to make the stock market app on android?
  • How to make a stock trading app?
  • How to make an app like Robinhood?

Before that, understand what a trading app is?

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Looking for The Team to Build a Brand New Trading App?

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What is a Stock Trading App?

As the name defines apps, a fully featured platform designed to make users’ lives easier. The same lies in stock trading, where a platform is created to conveniently buy and sell securities in the stock market. These apps provide real-time data access and market insight into various shares and securities. Hence, traders and investors can freely conduct all sorts of transactions such as buying equity shares, purchasing preference shares, investing in debentures, or secured bonds. Everything is available on fingers. It boosts users’ interest and provides new opportunities to invest in the share market world. 

How To Make An App like Robinhood? First, 

Understand The Working Scenario of Stock Trading Apps

The stock trading platform is an end-user platform where listed stocks are being purchased and sold. These could be long-term as well as short-term. Users just need to tap a few commands from their smartphone, and the transfer transactions take place on a real-time basis. These platforms make a major portion of money out of trade transactions. 

Modern Stock trading platforms are divided into two categories – trading traditional stocks and dealing in cryptocurrency trades. 

  • Traditional Trading involves buying and selling a company’s shares such as equity, preferences, bonds, or debentures. Up stock is a prominent example of it. 
  • Cryptocurrency trading includes trading for Bitcoin, Ripple, Litecoin, Cardano (ADA), Stellar (XLM), and more! Robinhood is a major example of it. 

To know more about building the Robinhood app, contact our experts.

Note: Trading always becomes a serious concern, therefore, when you are planning to represent an online trading business, do not forget to obtain a license. 

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How Does a Stock Trading App Make Money? 

Before establishing your business, understanding the monetization model is a priority for everyone. The same lies with the stock trading business, if you are too planning on how to build a stock trading app, surely you could be wondering how to make money, sooner or later. We are here to answer your every query. Check out the most popular way of making money from reading platforms. 

  • Interest: The most trending technique of collecting money from stock trading apps. As you were seeking earlier how to create a Robinhood-like app, here we came with an example of it. Robinhood collects interest from users on uninvested amounts in their accounts. This is another way to motivate users to invest in desired securities than keeping idle cash. 
  • Premium subscription: offer extended hours of trading, extra stocks, and margins on your platform to users who have purchased membership plans. Robinhood’s Gold plan is a leading example of it. 
  • Fee per trade: Do not offer free trading transactions on your platform. Charge a small portion of the fee for every transaction made by investors. The fee charges allow you to cover platform maintenance charges. 

On the journey of 

How To Make A Stock Trading App? Don’t Forget the basics

  • Deep market research
  • Development of a marketing strategy
  • Designing a stock trading application architecture
  • Choosing a platform
  • Testing and quality assurance

On The Board of Development 

Find The Most Famous Stock Market Apps Features

Although registering on a stock exchange platform like Robinhood is free for users, some features still attract traders and investors. While developing your stock trading app or software, you cannot deny these features to make a better overall experience. Let’s check out these in a short while.

Online Dashboard

An online dashboard is also regarded as a portfolio dashboard that contains sortable data. The role of an online dashboard is to enhance users’ experience with easy-to-find filter options, various payment gateways, graphical presentation of trending stocks, and more. So, while building your trading platform, make sure it must be embedded with all the essential features on the dashboard. 

Real-Time Streaming of Stock 

Real-time stock streaming boosts users’ experience and trust in your platform. If users are able to track companies or top cryptocurrencies’ current market position, they will rely more on you and look for investment opportunities. Therefore, be sure your platform should present accurate analysis, price patterns, and efficient strategies.

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Stock Screeners/Stock Scanners

Stock screening helps to provide desired results like charts and quotes that derive results from using fundamental, technical, and descriptive metrics. These concerns help the traders and brokers to make prompt stock-picking decisions. 

Watch Lists

Generally, people keep an eye on their favorite stocks to buy or sell at lucrative deals in the future. For this, the best practice is to keep the stocks on the watchlist. The list will define users’ price, volume, bid, and percentage change. Hence, it helps to make better and on-time decisions. 

Recent Market News

Keeping users updated with the latest news and trends are in high demand. And modern investors appreciate the business, too, which keeps them a step ahead. Thus, provide current market news to your readers and keep them engaged for a longer duration. 

Calendars And Stock Notifications

24*7 availability and real-time tracking are the common features that everyone expects from stock trading apps. But modern users want to go beyond these with a variety of alerts on important topics. Set a calendar to provide all-time stock market notifications. 

More Features, 

How To Build A Stock Trading Platform

But Hard To Ignore In Your Stock Trading App

Individual Profile

Establish individual profile information on the app. The section will contain information related to users’ pictures, personal details, language indications, and priority stocks. It also helps you to gather information related to the majority of users’ interests.

Investment Portfolio 

Stock exchange platforms offer venture portfolios in their apps to promote speculation. The AI and machine learning skills of these apps help to provide robotic calculations, independently buying or selling of stocks, and more. 

Registration Form

From the start of registering on your platform, create an easy-to-sign and login structure on your platform. The overall structure helps to make the page convincible where no one needs to put additional effort. 

Installment Choice

Trading could be a better experience if someone can get a loan or fix an installment through an app. Offer a great option that can motivate users for more investment opportunities. 

Search & Filter Option

Clients do not want to wait for a long time to find a single stock or security. A quick filter and search option in a trading app can prove a healthy choice for them. Now, do not miss a single query just your user unable to track among thousands of results. 

Approval 

To ensure your app or platform’s security, create an approval option. It could be based on touch ID or Fade ID that defines your users’ ID, and suspected accounts won’t be able to track details. 

Understand Costing….

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How Much Does it Cost To Develop a Stock Trading App?

With the upgrading technology and growing industry needs, building stock trading apps on your own is not an easy game. So, till now, if you are planning to develop an app yourself, remember you have to buy accurate technologies from design to testing. A single mistake can grab your income. Hence, choosing an expert approach always proves to be a healthy decision. You can get a full-fledged ready-to-launch solution in a stipulated time frame. 

You can also hire a developer for specific hours who will work for your project only. You just have to pay specific hours charges only. 

Now, let’s check out the scope of your work and how much you need to pay for it. (Remember: these are just estimated figures at the time of writing or posting a blog, the charges could vary due to time, features, and technology.)

Platform Development Stages Cost
Native Development$13000
UX/UI Design$5500
Backend Development$7000
Testing and Quality Assurance$9000
Project Management (10-15% of the total budget)$2500
Total37000

Conclusion

Today, millennials are the new consumers of the era. Hence, building a new and advanced method for trading traditional stocks is obvious. Developing stock trading apps assists users in taking immediate financial investment action. Not only this, but it also provides an opportunity to shine in the world of stock or crypto exchange. 

Now, what is troubling you? Finding a reliable stock trading platform development company?

Just check out our achievements before looking anywhere.

  • 15+ years of experience
  • Proficiency in developing NFT, crypto coins, and wallet integration projects
  • 150+ blockchain developers to handle every query instantly.
  • Already developed Robinhood like, Binance like, and UpStock like platforms 
  • Ready to talk and take issues 24*7

To know more about us, call now.

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