Stock Trading App Development: Launch Your App in 2024

2023 is almost over and 2024 is around the corner. And this is time to discuss Stock Trading App Development.

It is not a surprise that in recent years, the stock market has become very popular among the common public. Investing and stock-related app searches, such as “penny stock trading app” and “investment apps,” have risen 115% YOY.

More & more people are getting into investing as stock trading apps have made it that much easier and simpler. While this is something that users enjoy, stock trading apps are also pure bliss for businesses.

As such, the stock trading apps generated $22.8 billion in revenue, as over 130 million people used stock trading apps, a 49% increase on 2020 figures.

Moving on to 2023, the stock market has an estimated value of $13.6 billion. But this isn’t all, as it is expected to reach $89.8 billion by 2032.

There are a number of top stock trading apps like Robinhood which people absolutely love using. Robinhood itself is growing at an exponential rate as the number of users increased from $ 500,000 in 2014 to $22.9 million in June 2023.

This is the reason why stock trading app development is something that attracts a lot of people. There are a lot of potential start-ups and businesses that want to develop their own stock trading app. If you are one of these, this blog is for you.

Here, we shall be going through everything related to trading app development including cost, features, development process, and so on. So with this being said, let’s get right into it:

What is a Stock Trading App? All You Need To Know About Stock Trading App Development

So, what is a trading app?

As the name suggests, stock trading apps, also known as trading apps, are mobile application that enables users to buy, sell, and trade stock. In addition to this, it also has amazing analytical features and allows users to manage their portfolios effectively.

Trading app development refers to the process through which a trading app is developed, covering everything from ideation to deployment and maintenance.

It goes without saying that trading app solutions have grown very popular as new platforms are appearing every day. The popularity of stock trading is also growing as it is much easier to buy and sell stocks than it was a decade ago.

The part is, these solutions generate millions and even billions of dollars when done right. That is why a lot of people want to do the same. But before you get into development and other aspects, let’s see what are the two different types of trading apps in the next section of the blog.

Types of Stock Trading App Development

Trading app development is an umbrella term that covers two major types of apps. In this section of the blog, we shall be going through the same.

These are, as mentioned below:

1) Traditional Stock Trading App Development

Well, the first one is traditional stock trading app development.

Now, what it does is, enables the user to buy and sell while also analyzing the performance of their portfolio. Robinhood is an example of Fintech app development of this form.

This is very popular as it offers users a sneak peek into the market. They are easy to use and they come with amazing features like push notifications, alerts, auto selling, and so on. This is something that you can consider.

Moving on, let’s look at the other form.

2) Cryptocurrency Stock Trading App Development

Well, well, who hasn’t heard of cryptocurrency?

In recent years, a lot of crypto trading app has appeared in the market. They have received an absolutely amazing market response.

For those who don’t know how it works, well, there are a lot of different cryptocurrencies. If you want to buy and sell these currencies, you can do it with this app.

With the right crypto trading app development solution, you can take your business to the next level. This is definitely something that you should consider.

How does the Stock Trading App Work?

So, now that you know the different forms of stock trading app development, you might be asking, how to use trading apps?

Well, in this section of the blog, we shall be going through the steps of using a stock trading app. These are, as mentioned below:

1. The first step is downloading the application.
2. Once the app is on the phone, it is time to register a user profile. This can be done via phone number, email, Google account, and so on.
3. The user can now add details i.e. their trading account and bank account details, and so on. It also comes with eWallet app solution
4. Using the analytical feature, users can go through various different stocks and even shortlist which they might choose to buy later.
5. It only takes a moment to buy stocks via the app and the same goes for selling. The app allows users to set a limit after which the stock will be sold.

This is the working of a stock trading app. Moving on, we shall be looking at some of the stock trading apps in the next section.

Popular Stock Trading Apps

If you want to develop a stock trading app that helps you make millions of dollars, it is a good idea to take inspiration from a platform that is already doing the same.

That is why in this section of the blog, we shall be going through some of the most popular stock trading apps in the market.

Enough said, let’s get right into it, starting with…

1) Robinhood – Free Stock Trading App 

The trading platform like Robinhood have been an inspiration for many.

Launched back in the year 2013, this is one of the best commission-free platforms in the market when it comes to stock trading. As such, it enables cryptocurrency transactions, stocks, and exchange-traded funds.

With its amazing performance in the market, this platform had 31 million users in 2021. Since it is no commission platform, the main revenue generation strategies are margin lending, sharing order information with high-frequency traders, and also the interest from the users’ cash balances.

This is one of the best money making apps you can get your hands on.

2) Acorns

Acorns is one of the best investment apps in the market.

It is based in California, USA as a leading stock exchange mobile app. What makes it stand out of the rest is its amazing features, which include robo-investing and micro-investing.

In fact, the amazing performance of the platform earned it a place on Fortune’s Impact 20 list for 2020. The same list also mentions app boasts nearly 8.2 million users and is worth approximately $3 billion.

These numbers are enough to make anyone invest in investment app development.

3) eToro

As of 2020, this stock trading app known as eToro was worth $2.5 billion.

The multi-asset brokerage firm was founded back in the year 2007. Today, it has offices registered around the top locations in the world, this includes Australia, the United Kingdom, Cyprus, and the United States.

This is something that you should try for yourself as this is one of the best stock trading apps for beginners.

These are the top examples of stock trading app development done right. Now that we are done with this, we can move to the next section where we shall be going through some reasons to invest in an investment app development project.

Reasons to Invest in Stock Trading App Development

Developing a mobile app isn’t cheap. So, why should you invest in a share market investment app?

Well, there are more than enough reasons to do so. And in this section of the blog, we shall be going through some of these reasons.

These are, as mentioned below:

• An investment platform enables real-time access to important data.
• One of the big reasons is that it helps mitigate risk factors, making it that much safer.
• Stock trading apps like Robinhood offer great security to user’s financial information.
• Portfolio management is much easier with stock trading applications.
• When done right, stock trading apps can help businesses grow.
• As one of the top solutions in the field, it can help generate millions of dollars.

These are some of the reasons to consider. It’s time to discuss features to include in your own trading app.

Features to Include in Stock Trading App

Deciding which features to include in a stock trading app is a big part of trading app development services. That is why we shall be going through some of the basic features to include in your own solutions, these are, as mentioned below:

1. Commission-Free Trading
2. Sending Useful Alerts
3. Sign-up / Register
4. Graphs
5. Payment Options
6. Offering free shares
7. Registration form
8. Personal Profile
9. Reports
10. Push Notification

These are some of the top trading app features. With everything done, we can move to the development process.

Process of Stock Trading App development

Investment app development is easier said than done.

The process is complex. There are various steps that go into it. To give you a better insight into the same, we shall be going through the entire process step by step.

So with that being said, let’s get right into this:

1) Research

The very first step is conducting research.

Information and data are the basis of every project. This is the reason why it is important to conduct thorough research during this process.

Here, one needs to analyze competitors, and their strategies, find a market opening, research potential audience base, and so on.

Once this is done, we can move to the next section.

2) Stock Trading App Idea

With information or rather an inspiration, it is time to come up with some ideas.

We say ideas not “idea” because it is recommended that you go with more than one idea. This way, you will have the plan to fall back to.

3) Cross Check

If you want to create the best trading app to earn money, well, it is safe to say that you need to cross-check it.

This is a very important part of the process. Nevertheless, when is done, we can move to a bit more development-like steps, starting with…

4) Choose App Development Platform

It is time to choose an app development platform.

As such, in native app development, you can either go with android or iPhone app development services. Both of these are amazing services that fit well in various situations.

On the other hand, if you are looking for a hybrid app, react native app development services are a good option.

5) Choose Tech Stack

Tech stack refers to the set of technologies used for mobile app development. This includes a programming language, frameworks, toolkits, and so on.

MEAN Stack is a popular example of the same.

Read our blog – How to Build a Fintech App?

6) Hire Trading App Developers

It is time to hire dedicated developers. Now, there are various ways you can do it. Popular methods to hire developers are, as mentioned below:

• Hire Freelancers
• Outsource to a mobile app development company
• Assemble in-house team

Moving on, there are some things that you should keep in mind too. You should check their experience, expertise, portfolio, and so on.

7) UI/UX Design Process

With the development part, it is time to start the designing process. This is the first half of the development and one of the most crucial parts of the process.

Nevertheless, once you have created a design that speaks for your business, it is time to deal with the back-end.

8) Back-End Development Process

This is the part where trading app developers write the source code of your application. And it goes without saying that this part of investment app development is the most time-consuming and resource-consuming.

Therefore, it is recommended that you maintain good communication with the development side.

9) Testing

This is the part where the Trading App Development Company tests the final version of the application.

It is important to process to make sure the solution is as per the needs of the customer and market standards. Once this is done, we can move to the deployment process.

10) Deployment

This is the part where the app is deployed in the market.

The current deployment process of a stock trading app highly depends on whether you hire Android app developers or iOS app developers.

Conclusion

Stock Trading App Development is a popular solution.

It has helped many companies make their first million (or billion).

If you are someone who wants to do the same, all you need to do is reach out to the Mobile App Development Company that can help you with the same.

FAQ

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.