How to Build an App Like WeBull: Investing & Trading App

If you are wondering how to build app like WeBull, you are in the right place.

Currently, trading is the most popular hobby of many individuals. The market is flooded with mobile trading apps and WeBull is the best trading app among investors and brokers. This platform quickly became popular because it provides commission-free trade services. Moreover, it is designed specifically for stock trading. If you have decided to build an app like WeBull, you can earn billions of dollars and change the way people make investments.

We have all heard the name of the most successful investor of the 20th century “ Warren buffet “– the third richest man and the most successful investor in the world. According to Forbes magazine- Warren buffet spends most of his time reading. Here a wise quote was written by him in the investment area:

“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.” — Warren Buffett

His philosophy says that you have to be always prepared to invest in a down market and when to move out from a soaring market.

According to the report, the global trading platform market is projected to grow from $8.59 billion and estimated to $12.16 billion in 2028 at a CAGR of 5.1% during the forecast period.

Here, in this blog, we will discuss how to build an app like WeBull, features to include in clone Webull app, and the top three successful trading and investing apps.

Let’s go!!

Trading VS Investing

Before we dive into WeBull app development, let us define trading and investing.

Both are different terms but the goal is the same to get profit from the financial market. Some apps are more suitable for trading while other are more optimized for long-term investment. In general, traders took advantage of both the rising and crashing of the market to enter an exit market.

However, the investor seeks large returns by holding and buying stocks for a large period. As investing is a long-term approach to the market and investors are prone to short-term losses. The goal of investing is building wealth over an extended period through the holding of a portfolio of stocks, mutual funds, etc.

So, if you want to build app like WeBull, first learn what is WeBull and its pros and cons. Read further to know more.

Brief about WeBull

WeBull app is an online trading platform, which is similar to Robinhood, in some ways. It allows users to buy and sell stocks, ETFs, and cryptocurrencies like Dogecoin and Bitcoin. It was founded in 2017 which makes it newer in the brokerage industry than a traditional players like Fidelity and Charles Schwab.

Moreover, WeBull is owned by the Chinese holding company Fuming technology, with headquarters in New York and its operations are expanding to Singapore and Hong Kong. It is a relatively new online broker and positioning itself as the best trading app in the market.  As a result, user attracts to this platform because it offers a broad range of services for free. Including multiple cryptocurrencies, commission-free trading of stocks/ETFs, and many other options.

Let’s take a look at WeBull’s Pros and Cons:

Every app has some pros and cons, user can easily access the WeBull web app and mobile app which is the best thing about WeBull.

Why build an app like WeBull

The best thing about WeBull is that it doesn’t charge a commission fee on trading and this trend is popularized by Robinhood. Now it becomes the industry norm or you can see small fees like $0.02 per trade. The WeBull app review is good enough to encourage you to build an app like WeBull.

However, the question arises that how no-commission platforms make money. Here’s how this has been done:

• Order flow for payment is a common practice and very controversial term by which high-speed traders route customers’ orders.
• They give interest on free credit balances is the money a broker pays you. They make money off the sitting cash in your account and collecting interest.
• By stock loans, some investors bet on a company’s stock price this is a practice called short selling, a way to bet on a company’s stock price. Now WeBull, make money by loaning investors’ shares to short sellers and then selling borrowed shares to third-party investors so that they can buy them back at a lower price.
• Lastly, by margin interest users can open margin accounts that have $2,000 at least in their account. WeBull charge interest monthly and the margin rate will be determined by the size of the margin loan.

We recommended that hire a Webull App Development Company so that you can Asap launch your clone Webull app in the market.

With this being said, now read the next section and learn about its alternative.

Alternatives of the WeBull app

When we compare the WeBull app with other alternatives in the market based on the products and services offers to the types of clients they target. It will give you an idea of users’ taste in the alternative that comes in priority of different people. Here is how we compare:

The number of WeBull app download is increasing as compared to last year. By going through the above table you can get an idea of why traders prefer WeBull. As traders and investors are looking for zero-commission trading and easy platforms. Both moomoo and Robinhood its best for beginners it buys and hold investor focused on the US stock market. Similarly, Alpaca trading is recommended for traders who are interested in algorithmic stock trading.

Features to include in Clone WeBull app

Before you start to look for android application developers for hire, start with listing the features in your clone WeBull app. Many successful stock trading mobile apps are available in the market. WeBull app has millions of downloads and the top-ranking investment app has no commission and no minimum deposit policy. Moreover, these apps can be web or mobile based but when it comes to WeBull it always outshines the crowd.

Moving on to building an app like WeBull by including these features:

• Multiple platforms

When you start developing the WeBull clone app include both mobile and web versions. WeBull desktop app can be used on any iOS and Android or web-based device.

• Real-time functional widgets

Best-laced features like a descriptive market overview with graph bar, charts, hourly rating share, table of top losers and gainers, and many more.

• Crypto trading

Several online trading platforms include crypto trading options which are the current trend in the crowd of investing apps to the top of the rankings.

• Updates

Users will continue to use the services and also recommend them if new features are added. The update is an important aspect of marketing. It has already added several features that include 45+ widgets, a customizable layout, and many more.

• Voice commands

The latest AI feature such as voice commands makes it the best option for users all over the world. Best for new traders and move on the active traders.

• Pricing transparency

Trading platforms contains an entire tab dedicated to pricing list and other things like margin rates because the better the transparency more the user interaction.

In the next section, we shall be discussing the most successful apps. Read along to know more.

Top 3 most successful trading and investing apps

Hiring a mobile application development company isn’t cheap, that’s why lots of clients think before investing in the development of an app like WeBull. So, before hurrying, take a look at these successful apps.

• Robinhood

It was founded in 2013 and become the most popular trading app in the market. Since its very early days, it has drawn a lot of attention when it piled up millions of users on its waitlist. Today it has over 13 million users. We recommended you get inspired by Robinhood as it provides its users the ease of trading. Moreover, when you start creating trading app like Robinhood you can introduce commission-free trading, this will help you gaining success among your competitors.

Its pros:

• Trading crypto currency
• Fractional shares
• Intuitive user interface

Its Cons:

• No investing in bonds or funds
• Not supportive of retirement accounts
• Best customer support

• WeBull

It provides commission-free US stock, EFT, and trading options that have no inactivity fees. Moreover, the account opening is seamless, faster, and fully digital. The negative part is the user can only use bank transfer to withdraw and add funds transfer fees are high. It provides the best trading platform in the market which is easy to use and suitable for both experts and beginners that has many advanced features.

Its pros:

• Fast and easy account opening
• Great trading platform
• Fast and easy account opening

Its cons:

• Limited product portfolio
• Only bank transfer for withdrawal or deposit
• No call or live chat support

• Acorns

It has a different take on investment while targeting investors and traders, by optimizing its flow of funds. Moreover, this trading app offers portfolio management which is based on user age, income and risk tolerance, etc. This app will create a habit in the user of regular investment focused on long-term saving.

Its pros:

• Users can start investing with just $5
• Automatic Investing
• Support for traditional IRAs and Roth

Its Cons:

• No tax strategy
• Monthly portfolio management fee
• Not a huge portfolio mix

Moving on to the next section, you can easily build an app like WeBull. Read along.

Steps to build an app like WeBull

Here, we are starting the development process of an app like WeBull. It consists of everything related to consulting a custom fintech app development company to launching the app.

1) Initiate the project

Before initiating your development process start planning the minimum viable product (MVP). This involves research and helps you in discovering the needs and wants of customers.

2) Market research

To start with, doing market research now creates successful solutions that define customer requirements and pains. Moreover, it’s better to study the target audience, income level, and age, analyze collect information, and find tech solutions for your project. This will help you in defining your goals for the trading app.

3) Create a list of features

Now create a list of features and divide it into two categories- basic and advanced. The basic features mean better functionality that satisfy user basic needs. In addition, you can add features like registration, linking a bank account, dealing with stocks, and secured payment gateways.

4) Choose the right stack

The right technology ensures the success of the app, so choose wisely it will bring scalability and stability to your project. If you want to improve your app, you can consider technologies beforehand and app architecture. Make sure you hire mobile application developers that understand your project objectives.

Usually, the tech stack depends on your project needs and requirements we recommend you consult with the development team and pick the right one for you. Some common tech stacks for app development are :

iOS

• Networking: Alamofire
• Programming language: Swift

Android

• Programming language: Kotlin
• Networking: okHttp 3

Form and organize the complete development team

Now it’s time to hire developers to form an effective team, you can hire the following developers.

• UI designers
• JavaScript developers for web development
• Android developers with Java skills with expertise in programming languages.
• iPhone application development company
• DevOps engineers
• Testers

6) Design user-friendly interfaces

Ask your team of UI/UX developers to design effective UI for your trading app. Before starting the front-end development process designer must keep client preferences in mind.

However, for trading apps, UI should be simple and effective

7) Backend development

After the completion of your front end, you can start your backend development. For a solid backend, your database and server should be strong.

8) Test and deploy your app

It’s time for testing before making it live. This is an important step to help you in removing bugs and errors. After this, you can deploy your app in the market and take care of maintenance services.

Conclusion

The cost is the main factor that influences the entire app development process. WeBull app development cost depends on several factors which we shall be discussing in the next blog. We hope that with the help of this blog, you can easily build an app like WeBull. And if you have more queries you can contact the custom mobile app development company.

Niketan Sharma

Niketan Sharma is the CTO of Nimble AppGenie, a prominent website and mobile app development company in the USA that is delivering excellence with a commitment to boosting business growth & maximizing customer satisfaction. He is a highly motivated individual who helps SMEs and startups grow in this dynamic market with the latest technology and innovation.