The cost and process of creating stock trading programs, which are transferred to the digital environment with rapid acceleration day by day, is in our blog post.

 

Table of Contents

How Much Does It Cost to Build a Stock Trading App: A Development Guide?

What is Stock Trading Application and How to Earn Money?

Challenges and Legal Issues

Qualifications of Trading Applications

Developing and Costing a Stock Trading Application

Final Thoughts

 

Stock trading platforms are moving to the digital world day by day. It is seen an increase in DIY investment using smartphones. In today's article, we will put emphasis on how these systems work, how they generate income for the owner, and how much it costs to set up a stock trading app. 

 

What is Stock Trading Application and How to Earn Money?

We want to begin summarizing what the stock market application is at first. The stock market application is an online system that allows purchase and sale activities on trading platforms, managing and updating investment portfolios, and selecting strategies. Thanks to automated trading systems, users can check everything whenever they want. It is also suitable for long-term and short-term investments.

 

Commonly, all trading apps have an identical work scenario. The user;

• Logs in the app and connects the bank account;
• Establish a one-time transfer or periodic deposits,
• Trade stocks,
• Purchase the stock and its current when it appears on the screen.

The major strategy of monetization is commission. This system receives interest from deposits, stocks and user transactions. You can also combine this strategy with the freemium approach. The main product features are allocated free of charge to all users. However, users who want to use additional features have to pay certain amounts at this point. 

Other sources of income are as follows.

• Order referral income for the execution of the trade,
• In-app ads,
• Paid access to technology tools such as application programming interfaces (APIs).

 

Challenges and Legal Issues

If you have an authorized brokerage business and want to expand into mobile markets, it will be easier for you to solve the challenges of becoming legal. However, if your company is a company that established newly, you will need to think ahead and thoroughly about legal issues. Definitely review these items below.

• Get a license from the administrative body in the country where the trading platform is placed; 
• Engage in investor protection programs and regulators such as SIPC and FINRA to increase your credibility;
• In order to protect consumers' sensitive data, follow the PSD2 Directive and similar rules,
• Conserve your users and their money with multi-factor authentication, 256-bit AES encryption, artificial intelligence-based fraud prevention, and other security tools. 

 

Qualifications of Trading Applications

In many cases, trading apps are similar in their key features:

• A private account where the user can arrange and get up to date settings and profile data, track transactions and monitor all offers in real-time;
• Stock trading tools to execute orders, track market positions and view real-time data;
• Analysis tools that assist the user sight trading results and Robo-advisors that chasten portfolio creation, trading, and investing;
• Notifications and news feed to assist to keep investors enlighten about exchange rates, initial public offerings (IPOs), and other details.
• Asset management tools: trading stocks, ETFs, and other investment vehicles; deposit with the ability to check the status in real-time;

 

Developing and Costing a Stock Trading Application

The generally accepted development methodology for Fintech applications is nimble. With considering this approach, small cross-functional teams work collaboratively with app owners. The development consists of the items below.

• Exploration and search. The thought of the product is confirmed and transform into a business model. All information is gathered by experts to define the application's features, design strategy, and product range. 
• Formulation of the development approach. Developers keep in mind the mobile app's platform, conducted cloud services, third-party APIs for core and non-core features, and other key tools.
• Design of user interface. One of the most important steps in this implementation phase is visual analysis. At this point, designers need to think through stochastic oscillators, candlesticks, line and bar charts, and other charts.
• The process of development. We can divide this item into several stages. Like mobile and web, front-end and back-end, and iOS and Android. Whichever of these, software engineers choose the programming language and tools. For instance, if he's going to write code, use Java and .NET, or JavaScript for front-end development, or Angular, etc.
• Testing, delivery, and maintenance. In order to determine the most accurate test pattern, QA engineers run complex tests across platforms and devices. After adding the app to the store, you should provide technical support, troubleshooting and regular updates.

 

Connecting cloud services, development costs, the complexity of the solution, feature set and payment gateways should be determined by additional factors. On average, it takes 5-10 time to create a native mobile app. Costs need to be adjusted according to the changing hourly rate. These costs can range from $15 to $100.

To summarize with all the details in mind so far, the full price of a stock trading app might be $25,000 or $300,000. The approximate total cost of developing a stock trading mobile app is $55,000.

 

Final Thoughts 

It must be said that stock trading platforms have many complications. It's a good idea to choose a software solution provider carefully to avoid potential problems. However, if you follow these steps carefully, you can achieve a high level of return, security, and user satisfaction with an application that takes your business to a whole new dimension. In this article, we tried to give you detailed information about trading application development and its cost. We hope it will be useful for you. 

We hope that this article will be beneficial for you. We will continue to create useful works in order to get inspired by everyone. We are sure that we will achieve splendid things altogether. Keep on following for more. 

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