Thanks to the developing technology, it is now very easy to invest in stocks. You can easily trade stocks with online applications. Therefore, creating an application can be a good initiative. We have listed the things you need to know before developing an application like Finage that is very successful in its field.

 

Contents

Introduction

What are the features of free stock trading apps?

Why You Should Choose Finage API?

What are the main features of an app like Robinhood?

How does trade apps make money?

How much does it cost to develop a trading application?

Conclusion

 

The Finage app is one of the successful ventures where you can trade stocks. Thanks to the application, you can follow stock movements live and you can execute your trading strategies smoothly by buying and selling stocks at any time thanks to real-time data flow. So why is it so popular? We will explain the details below

What are the features of free stock trading apps?

One of the purposes of developing mobile applications is to increase your productivity and mobility. Just like other mobile apps, stock trading apps have been created for this purpose. Developers needed new business applications after technology became so integrated with commerce and easy to trade on mobile phones. Free stock trading apps help users earn money when trading stocks at no cost.

There are usually a large number of brokers who want to take a share of the income that traders earn. Naturally, as no investor wanted to pay this commission fee, they started looking for free stock trading applications. This search has led to the creation of free stock trading apps that will help traders reduce or even eliminate extra commission fees.

Thanks to mobile applications, investors can trade stocks by following the stock market flow anytime, anywhere. Investors who like this ease of transaction have caused the development and number of trading applications in the market to increase.

The Finage application, like other free trading applications, has been developed to allow its users to buy and sell ETFs and stocks without commission. In this way, it makes it easier for even people with no market experience to invest.

Finage has a wide range of stocks including Tesla, Apple and Google. When you want to buy any stocks, you can easily use the Finage app.

Why You Should Choose Finage?

Unlike its competitors in the market, Finage contains a lot more stocks. This means you have more and diverse opportunities to invest your money.

The process of registering and starting your transactions is very short and easy. It takes less than 15 minutes to save personal information and connect to your bank account and start trading stocks. Registration for personal information and money related applications can be quite lengthy and demanding.

Additionally, Finage has a simple UX / UI design. There is a clear color scheme of primary colors for indicators. These colors are linked to the main events and help users focus on their stock numbers. For example, the screen color is white when the market is open, and turns black when the market is closed. This is very advantageous in terms of ease of use.

What are the main features of the Finage application?

Thanks to the Finage application, investors can buy and sell stocks for free. But of course there are some advanced features for premium users as well. So what are these?

 

Easy to use control panel

Dashboards are like a 'desk' for investors. In this area, you can check many things such as balance, schedule, watch list, company status, etc. Do not forget to make your design accordingly as there is a lot of information to fit into these screens.

Merchant portfolio

In this area, users can create and manage their portfolios without leaving the application. By adding filters when designing a Finage-like application, you can make the search easier for investors and make your application user-oriented.

Real-time data and stock quotes

In addition to the data, you should also present stock prices on the dashboard screen. Because users may want to see price patterns and instant data at the same time in order to make the most accurate analysis. Real-time data flow is essential to ensure that users can act in accordance with their trading strategies. Every second can make a difference when trading on the stock market.

Stock trading

Of course it is the stock trading step that underpins the free trading app. Since the feature we will talk about next will be the most used feature in your application, you should pay extra attention to the smooth operation of these features in an application development process such as Finage.

Stock scanners

Thanks to regular stock scanning, your users will be able to obtain valuable information about the stock market. With the criteria listed below, users can make more profit from their investments by making informed predictions.

Fund Transfer

With this feature, users can transfer their money from their accounts to the application. In an application without fund transfer feature, users cannot trade stocks. That's why you need to make your app safe for trading. You can add a two-factor authentication option to your app to keep users' accounts safe.

Watchlist

Investors can follow the shares they plan to buy with a watch list. Shares should be easily added and removed from the watch list. In this way, whenever investors want to check the prices of the shares they plan to buy, they will be able to look directly at the watch list without having to search from the stock pool.

Synchronization between multiple devices

Free commerce applications such as Finage are designed to run on many electronic devices at the same time. For this reason, it is very important that the processes are synchronized on each device. For example, an investor looking at a stock price on a mobile phone can make the purchase on his laptop when he goes to work.

How does your trade app will make money?

Trade Apps continues to make money from stock trades even without commission fees. Let's take a look at how this system works

Finage is supported by major investors in the market. In addition, one of the most important sources of income that keeps the application free is premium users. Thanks to features such as more real-time data, historical data, and advanced features offered to users who want to invest in different types of exchanges, the free part of the application remains free for everyone.

Users who want to take advantage of Finage's premium features pay monthly. These fees vary depending on your investment strategy and the packages with the features you need.

How much does it cost to develop a trading application?

There are several factors that affect the cost of building your application. Before embarking on such a business, you need to understand the following factors to get an idea of ​​how much financial support you need.

Application design

Although the design of Finage is simple, there are many different items that allow you to navigate easily within the application. But when we look at the design in general, it does not require much time and money.

Backend and frontend development

The part you will spend the most money on developing a free trading app will be backend and frontend development. The cost of these enhancements depends on the technologies and tools required to build your mobile app.

Testing

Testing for apps that deal with money is crucial to the development process. Before the application is published, it must be tested in detail on the performance of the application, device synchronization while the stock market is open and it must be proven that it works smoothly.

Choosing a platform

Developing applications on a single platform is no longer preferable. Because people want to access apps whenever they want, from anywhere. Therefore, developing for both mobile and desktop platforms requires more time and financial resources than doing it on a single platform.

Development Team

Your application development team is actually the most important part of the job. The size of the team will positively affect the performance of your application as well as its cost. A development team requires the following;

• Project Manager
• UX / UI designers
• Android or iOS developers
• Frontend developers
• QA engineers

The bigger the team, the higher your cost will be. But you can't just hire app developers to create a quality job because the mobile app development process is quite complicated and you also need project managers, designers and quality auditors.

As a result

The widespread use of mobile devices and their presence in all areas of our lives have also affected stock trading. To develop a free stock trading app with Finage, you need a team of developers to overcome technical challenges and keep your app performing consistently and at the top.