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.

Now, 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 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 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 is that you have to always be prepared to invest in a down market and know when to move out of 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 long period. While investing is a long-term approach to the market, 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 is an online trading platform, which is like 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 to the brokerage industry than 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 expanding to Singapore and Hong Kong. It is a relatively new online broker and positioning itself as the best trading app on the market.  As a result, user attracts to this platform because it offers a broad range of services for free. It includes 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, but users 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 has become the industry norm or you will 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 of 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.
• With 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 makes money by loaning investors’ shares to short sellers and then selling borrowed shares to third-party investors so 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 charges interest monthly and the margin rate will be determined by the size of the margin loan.

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

Alternatives to the WeBull App

When comparing the WeBull app with other alternatives on the market, based on the products and services offered 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 downloads is increasing compared to last year. By going through the above table you can get an idea of why traders prefer WeBull. Traders and investors are looking for zero-commission trading and easy platforms.

Both Moomoo and Robinhood are best for beginners it buys and hold investors focused on the US stock market. Similarly, Alpaca trading is recommended for traders who are interested in developing an algorithmic stock trading app.

Top 2 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 has since become the most popular trading app on 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 recommend you get inspired by Robinhood as it provides its users the ease of trading. Moreover, when you start creating an investment app you can introduce commission-free trading, this will help you gain success among your competitors.

The pros:

• Trading crypto currency
• Fractional shares
• Intuitive user interface

Its Cons:

• Not investing in bonds or funds
• Not supportive of retirement accounts
• Best customer 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. The app will create a habit in the user of regular investment focused on long-term savings.

The 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.

Features to Include in Clone WeBull App

Before you start to look for android application developers for hire, start with listing the features of your clone WeBull app. Many successful stock trading mobile apps are available in the market. WeBull app has millions of downloads and is the top-ranking investment app with 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, Android or web-based device.

♦ Real-time Functional Widgets

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

♦ Voice Commands

The latest AI features such as voice commands make it the best choice for users all over the world. Best for new traders and move on the active traders.

♦ Pricing Transparency

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

In the next section, we will be discussing the most successful apps. Read along to find out more.

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.

Step 1: Start 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.

Step 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 collected information, and find tech solutions for your project. This will help you in defining your goals for the trading app.

Step 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.

Step 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

Step 5: 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.
• iOS application development
• DevOps Engineer
• Testers

Step 6: Design User-Friendly Interfaces

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

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

Step 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.

Step 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 build an app like WeBull.

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.