Trading app development — What do you need to know?

If you need trading app development, it is essential to know that there are development studios that can help you. They develop innovative apps for financial services.

You can order stock trading app development from scratch or on a ready-made platform. The software is optimized for iOS and Android. We can also develop a web version of the app, which can be used on any device.

The main objective of investment apps is portfolio analysis and stock purchases. Using a program for a mobile device or a convenient web service, these operations can be accessed quickly and conveniently.

As a result, the customer receives an increase in the number of clients, improved loyalty of the target audience, and an additional advantage over competitors who lack convenient software for analysis.

How the app for trading is beneficial for business

Users choose the most convenient and practical solutions. The easier and faster access to mechanisms, the more likely a potential client will use the company’s services. By creating a web service for portfolio analysis, a financial organization reaches a large audience of involved potential customers. These can be both professional traders and ordinary users.

The advantages of resorting to experienced developers

Competence and expertise. They are well versed in the infrastructure of financial companies and know how to quickly integrate with authentication, trading, internal accounting systems, etc. In addition, we know how and where to get the data for the apps.

Speed of work. Professional programmers get the job done quickly. A large staff of specialists performs complex work in a short time.

Unique services. We have created a line of software products for accounting, analysis, and financial information.

What features can be incorporated into a financial app

Most web services and apps related to trading and finance should have a basic set of features that includes up to 20 items. Here’s the basic functionality that can be implemented in an app:

  • Account opening and closing;
  • Phone alerts;
  • Financial analytics;
  • Interface for displaying charts and quotes;
  • The output of current market data;
  • The interface of the portfolio;
  • Registration, authorization, and user identification;
  • Withdrawal/deposit of funds;
  • Buying / selling stocks;
  • Currency exchange.

All the apps we create for portfolio analysis are secured with digital code login, Touch-ID, Face ID, and SMS. Each new project is tailored to the individual characteristics of the client’s business.

Developers create a design and graphics based on your company’s corporate identity. Each new project develops a personal interface that will best meet the expectations of users and tasks of the client app.

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It is possible to create an app based on the client’s platform or develop an app from scratch. There are ready-made platforms that allow you to quickly create helpful apps with debugged features, ready modules, and high security.

Order trading app development and get an effective tool that will immediately benefit your business. In addition, you can embed all the necessary features to solve your tasks into the app or web service.

Trading app development: how to create a mobile app

While previously trained specialists could bid, anyone can invest in startups, large companies, and global brands today. Trading apps are used for this purpose. This digital product allows you to make transactions directly from your smartphone.

With the development of the crypto market, traditional trading has also started to grow. In addition, a large amount of information available, increased financial literacy, and new technology open up new opportunities for private investors. Therefore, the niche will actively develop.

A stock trading app is a great tool that can be monetized. It can be used by financial companies and private entrepreneurs who want to create their digital products. Let’s break down the process of trading app development.

Selection of a niche and target audience

Before trading app development, you should decide which niche the app will be developed. Then, of course, it is possible to create a universal solution suitable for all types of trading.

There are many areas in investing. Securities and stocks, futures, venture funds, precious metals, real estate, and currencies. And the blockchain market is also actively developing. Determine the direction in which you will build your product.

Choosing a niche will allow you to define more precisely your target audience. For example, if you decide to invest in virtual reality, this is a younger audience. On the other hand, mature people prefer to invest in social projects, real estate, and metals.

Concept, framework, and functions

After defining the niche and a rough understanding of the target audience, it is necessary to develop a concept. It will allow you to “see” the product that does not yet exist and understand the result. In addition to the idea, you need to think about the framework, architecture, and functionality. For this stage, you can follow these steps:

  • A detailed definition of goals.
  • Analyze existing solutions.
  • Create a user profile.
  • Functional design.
  • Prototype
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Following these steps, you will start turning an idea into a product. Visualization, a detailed plan before trading app development, creates the foundation for your thoughts.

Interface design

It is tough to create a design by yourself. You need UI/UX design skills. In addition, the specialists must be experienced and clearly understand what is wanted from them. Therefore, we recommend contacting a professional company.

To properly create a design, several things should be taken into account:

  • The interface should be friendly and understandable;
  • The style should remain relevant and attractive for several years;
  • simplicity and brevity – faithful friends of the app for the accounting of trading, the creative ambitions should be left for more straightforward products;
  • adaptability is a must since users have different sized devices;
  • Ideally, the design should be adaptable to other operating systems, but you need to make a cross-platform app.

Personal accounts

A personal cabinet helps track the efficiency of investments and keep track of capital changes. It may be called a “portfolio” of the investor. Cabinet functionality varies very much, depending on the objectives. It may be a simple solution with a minimum of functions, or a complex mechanism, where specific assets are tracked, news from world sources are pulled, and reports are generated.

Online Consultants

The primary trend of the modern financial market is to get timely information. Therefore, the process of automation is necessary. Online advisors help with this. This is a robot that can automatically perform certain functions for the user.

Data security

Since the product interacts with the users’ money, it is necessary to ensure maximum security. After all, you will have not only personal data at your disposal but also real funds and access to bank accounts. Therefore, such a stock trading app becomes potentially attractive to hackers.

It is necessary to implement the functions of two-factor authentication, fingerprint scanning, use encryption standards for financial records. Security – maximum attention.

Pop-up alerts

Notifications are not the most critical but handy tool. When there are changes in the market, and the user is aware of them in real-time, he becomes interested in your app. It adds value. Notifying clients about changes in their accounts will also be helpful. It will allow the investor to preserve their capital and make timely decisions.

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Changes in the price of an asset in the client’s portfolio will give him more trading opportunities. In addition, alerts for unusual activity will help protect user data in a security breach.

It’s worth taking care of the personalization and allowing clients to customize the alert parameters. This is an additional investment in trading app development, but the customer will see the care. Such a trading app will stand out among the many competitors.

24/7 support and help

Chat-bots and robotized support are great, but qualified assistance from real professionals guarantees the success of your product. Therefore, consider at once how to organize the work of your managers so that they can provide support to users 24 hours a day and answer their questions promptly.

Some of the tasks will be taken care of by the chatbot. It will allow you to have your questions answered: “here and now.” After all, the main problem with communication with the customer is slow communication channels. So think about how to implement 24-hour support.

How is the price of a trading app development determined?

Each specialist has a rate per hour of work. The trading app development studio selects a personal team for each project, depending on the tasks. The number of developers is also determined, from analysts to the project manager and testers. It would help if you had a designer and a few programmers. Their number is determined by the complexity of the task and the selection of the technology stack.

Next, a work plan is created, which helps to determine the approximate time for implementing the project. For example, creating a simple trading accounting app can take 2-3 months. Or it can take 6-10 months or more to complete a functional multifunctional product for investors.

The more features, the longer it will take to develop them. Accordingly, this affects the cost of the product. We will discuss your ideas during the consultation and understand what goals and objectives are set. Then we can roughly calculate the cost.

The development of one’s trading accounting app is quite expensive. But the product, if adequately launched, quickly pays for itself and brings good profits. Assess the risks, and whether it is profitable for you to invest in this direction.

About the author: Cory Weinberg

"Student. Subtly charming organizer. Certified music advocate. Writer. Lifelong troublemaker. Twitter lover."

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