Stock Trading Application Development Company

Get billions of dollars and change the way people make investments.

With the advent of new technologies, the trading system has witnessed a colossal boost in every sector. The power of automation of financial services, real-time quotes, fraud protection, stock analytics, and much more can empower stock trading.

Businesses can reach a larger pool of potential investors and participate in this expanding industry by developing stock trading apps. Statista predicts that the worldwide market for online trading will grow at a CAGR of 6.4% and be worth 13.3 billion USD by 2026.

On that account, numerous stock trading app development company strive to serve investors and clients who are accessing the stock market across the globe.

Continue reading if you are curious about building a stock trading app to seize the opportunity.

What Are Stock Trading Applications?

A stock trading applications allow stock traders and investors to conveniently buy and sell stocks with just a single click on the mobile. These applications eliminate the need to call a broker to buy or sell a stock.

With stock trading applications, users can view real-time market trends and buy or sell stock for long-term and short-term within a matter of few seconds.

Best Stock Trading Apps Include:

• E-Trade
  
• Robinhood
• Stash
• Fidelity
• Charles Schwab
• Webull

Why Invest In A Stock Trading App Development?

The stock trading apps provide unparalleled features, and a few of them allow commission-free trading like Robinhood and send timely alerts to the interested users. It is believed that the trading industry will be investing more money in trading platform development. 

A stock trading app gives the flexibility to the investors and traders to trade anytime and anywhere. Additionally, stock market app show better companies to invest.

Here we have shared some statistics to show the growing trend and demand of Stock trading apps:

• As of June 2022, Robinhood had 20.9 million users worldwide. They have put an estimated $91 million on it so far.
• The market for stock trading apps is forecasted to reach 1,10,624.4 million USD in 2033, an increase from the anticipated 16266.1 million USD in 2023. The market size will remain stable at 21.1% until 2033.
• The stock trading app market is projected to have the highest market share in the iOs segment from 2023-2033, with a growth rate of over 24% CAGR.

All the factors give rise to the importance of stock market app development. With a stock trading app that ranges from amateur investors to high-end investors and traders, there is an easy way for them to get a better understanding of the numbers and charts.

In fact, tips and tricks for investing in the stock market are also provided to users. The simplicity of the tutorials and quick tips, along with a dose of the navigation system make these apps easy to use.

How Do Stock Trading Apps Work?

Stock Trading App Development Process

If you are looking for the answer - how we at RisingMax Inc. develop trading app? Or what steps are followed in stock trading app development? Then, this section is a must read for you.

A clear understanding of stock trading app's target audience, what challenges you may face and how you can solve them with stock trading application development, paves way for launching a successful application. Let’s check out your stock trading app user base and what exactly they are looking for;

Young Traders: These type of stock market traders are looking for an application that is easy to use and integrated with tools that assist in stock analysis. As they are in their initial stage of the stock market game, they are most likely to go for an application with advanced features that assist them in the market.

Novice Traders: These type of stock market app users have few skills and are in the initial stages of their trading journey. Easy to navigate interface, fast order processing speed, quick withdrawal & deposit, advanced trading and analysis tools are on top of their priority. 

Professional Traders: These types of professional traders have already been using similar stock trading apps. They are most likely to switch to a new trading app if it adds value, saves time, charges low trading fees, and deliver exceptional results.

Tech-Savvy Traders: These type of stock market investors are heavily dependent on technology for all the stock news, statistics, chart analysis and stock trading.

For stock trading app development, our experts follow an agile development approach to deliver outstanding trading apps to our clients.

Discovery & Research

The phase involves the validation of a product idea, business model and roadmap of stock market app development. Information is collected to define the app’s features, design, and line-up. 

Development Approach Formulation

Deciding on core and non-core features involves considering the mobile app’s platform, managed cloud services, and third-party APIs are part of this part.

User Interface Design

Visual analytics is one of the most crucial aspects, and designers must think beyond basic interface designs.

Development

The development process is divided into mobile and web, frontend and backend, and iOS and Android. Developers have to choose programming language and tools for writing code, frontend development, etc.

Testing, Delivery & Maintenance

The last phase involves complex testing across platforms to check the performance. They can even use a screenshot extension to take screenshots of bugs and share them with other members to fix the issue faster.

Also Read: Cryptocurrency Exchange Software Development Company

Must-Have Features Of A Stock Market App

Authenticated Login: The check-in process must be easy, wherein the users can register using various options like e-mail, phone number, social media platforms, and biometrics system. 

Accessible User Page: The users must have the freedom to edit and update the profile. This will collect users’ personal data and trades in which they are interested. 

Stock Searching: The Search feature of the app allows even beginners to learn to trade, find stocks, and know the market prices of the relevant stock. This gives them the freedom to analyze their profits and losses. 

Transactions Management: Stock market app developers must focus on integrating a transaction management feature for recording and monitoring all the transactions history so that users can handle their own payments. All the withdrawal and deposit transactions are to be notified.

Purchase & Sell: Users can make better trading decisions by searching the stock’s current status in addition to the news that is mentioned in the present stock. 

Profit/Loss Status: The profit/loss feature depicts the percentage of profit or loss on a particular stock along with a ranking pattern. It shows a list of stocks that a user is trading and makes the analysis easier.

Watchlist: A watchlist is a feature that lets users 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 at one place and get their latest trading cost. Users will not have to search for them again and again once they have saved particular stocks on the watchlist.

Voice Commands: AI features like voice commands make a stock trading app the most preferred option for new users and businesspersons as it extends assistance to them.

eWallet App Development Services

Pricing Transparency: The effective trading application development process pays attention to the importance of pricing transparency. The platform must have a tab dedicated to pricing lists, margin rates, and more.

Professional Advice: Users can obtain more insight into the currency exchange market by following professional trading analysts by interacting with them via messages.

Push Notifications: Getting updates on stocks that are live and active is an indispensable part of the trading app development process. Users will be able to reach out to the stocks at the right time and prevent the occurrence of losses.

Market Analysis: Participants can collect the information that is analyzed based on the statistics in the market.

Sorting & Filtering: Traders can analyze the stocks using the sorting option by filtering the required details from the ledger and navigating through the stock market in a format that is easily understandable.

Fraud Protection & Sensing: Advanced technology and in-app security algorithms protect users’ money from frauds and thefts.

API Integration: API integration makes it highly convenient for users to virtually connect their bank accounts to the trading app.

Multiple Payment Options: Integrating multiple payment options is one of the most important constituents of trading application development services.

Monetization Strategies Of Stock Trading Apps

Modern businesses look for a reliable stock market app development company to get trading app development services and earn huge incomes. However, not many of us know how they earn from it. Let us have a look at the monetization strategies that most of the stock trading platforms use.

In-App Ads: Stock trading app owners can display ads of other insurance companies or fintech industries that will be shown between their paid services.

Paid Membership: Users can buy app membership if they wish to access advanced features. This increases the revenue manifold while allowing members to participate in the stock market actively.

Selling Products: The app can include financial products like insurance & mutual funds to be sold.

Transaction Fees: Under this monetization strategy, all the transactions will be chargeable. In simpler words, a particular amount will be deducted whenever a user does any transaction.

Early Alerts: Users can get early alerts about the products to sell before the users who have not subscribed to the early alert facility. With this facility, the app can make a good amount of money.

How To Build A Stock Trading Platform

Benefits Of Stock Market App Development To Investors

Pool Of Investors: Stock trading app development has gained popularity in the market, and investors are showing more interest in the trading apps. Investors, at present, prefer making fast, secure, and easy transactions with real-time updates of the market.

No Need Of Brokers: Stock buying and selling apps act in a right manner among customers and the inventory market. Therefore, regardless of the earnings, it immediately involves the person and app owner. 

Verified & Original Data Analytics: Stock trading apps provide verified data analytics. So, businesses have a chance to deliver users an app where they can get the right guidance while investing in the stock market.

User Portfolio Management: Stock market app developers play a pivotal role in eradicating the problems of portfolio management for the investors. Users can make the accurate choices that suit their portfolio and can make decisions regarding investment.

Account Protection: The decision to invest in the stock trade comes with the risk factor of sharing confidential information like account details. With a stock trading app, investors can protect their personal data.

Stock Trading App Development Cost

Trading app development costs depend on the complexity, features, payment gateways, cloud services and many other factors.

Stock trading app development company takes 2-3 months to build trading app with high-end features and functionality. Most stock trading application development company charge $45,000 to $55,000

Fintech Development Outsourcing

Things To Look In Stock Trading App Development

There are multiple factors that you must consider to make the trading app development process worth all the efforts.

Self-Intuitive Interface: Having a self-explanatory interface allows users to understand the working of the app.

Authentication: Users must come across a convenient check-in process with signup and log in options using phone number, mail ID, social media platforms, and Touch ID systems with biometrics.

Speed: In the fast-running stock market, customers prefer using an app that functions at a very high speed.

Secure Database: Security is the most crucial part of trading app development. The app should maintain a balance between safety and convenience.

Why Choose Our Stock Market App Developers?

1. Upfront Price

Stay on budget and build what you need on time. We offer a model wherein you can control the price- add more features and pay more, remove features, and you will pay less.

2. Highly Reliable Code

Our team of stock market app developers uses AI and ML to test code. Our process prevents wastage of time on typos and focuses on investing more time into making the app more engaging.

3. Transparent Process

We religiously advocate a transparent process to keep the clients updated on the project’s progress. By setting realistic delivery dates, we make sure to prevent the clients from feeling lost.

4. Rich Team Of Experts

We are a team of experts who take the burden off your shoulder and assign the right resource for each module of the project to ensure.

FAQs

Why Do You Need A Stock Trading App?

• Stock trading applications make online investment convenient and accessible to every user interested in the stock market.
• Stock trade becomes more feasible as users will not have to buy or rent an office space for brokers and clients can access it from anywhere.
• It provides better control over the entire stock exchange business. Moreover, traders, and investors can perform all sorts of transactions in the stock market.
• The stock trading app helps beginners who are interested in stock investment and trading. 

Types Of Online Trading Platforms

Various types of online trading platforms can be used by users to open their accounts.

• Downloadable Platforms: Downloadable platforms need to be downloaded and installed on a specific device to be accessed.
• Non-Downloadable Platform: Non-downloadable platforms can be accessed on any platform that has internet connectivity. Users can just open the websites and log in directly.
• Dealing Desk: In the dealing desk, the system connects with the dealing desk of brokers, where the complete pricing information starts.
• Non-Dealing Desk: In the non-dealing desk, multiple liquidity providers send the prices, which are reviewed by the traders.

Steps Involved To Build An Stock Trading Application

For Stock market app development, our team follow a well-documented and planned seven stage stock trading app development process which involve the following;

• Define Project Goals
• Define Project Scope
• Address Trading App Security Concerns
• Selecting The Right Technology And API
• Onboard Developer Team
• Trading Application Development
• Testing And Deployment