With the surge and widespread reach of technology, stock trading has now become very feasible and accessible for each one of us. Gone are the days when you had to depend on a third-party who would take care of buying and selling of shares for you. Now you can access the stock markets right in the palm of your hand and go about trading whenever the market is open. This functionality has enabled millions of people who wanted to indulge in stock trading but were unable to do because of technical limitations.
The stock market app development is enabling not just the agencies but also individuals to engage in this global profit-making activity. Moreover, it is not very difficult to make such an app, if you the knowledge of some programming languages, you can easily come up with a program that could facilitate trading in the best way possible. However, from the perspective of a trader, it is better to rely on someone professional who has done this before and it is better if the development process is undertaken by an entire team.
These applications are giving some great advantages to the users and they are making the entire process conducive with some amazing features:
- Trade without paying commission to the third party
- Access it anytime from your smartphone
- Get timely updates and stats about the markets
- Instant notifications upon making transactions and changing transactions
- Create your own portfolio in a free-trading environment
- Deposit and withdraw money any time without a transaction fee
As the applications come with all the features and benefits, trading in stocks has now become easier than ever. But if it essential that you get the software from reliable sources and nothing is better than a stock market app development company. By working with these companies, you can ensure that the program comes in its best form and delivers a high level of functionality.
Table of Contents
If you want to develop a stock market Application yourself, there are some specific things that you should be careful about:
Design
It might sound easy but the process of making an appropriate design is an uphill battle. And that’s why you need to do proper research about the structures, charts, and other things that could make the trading easier and engaging to the customers. Especially when you are preparing for a mobile phone, it is a must that you are aware of the sizes and formats as well. With this basic knowledge, you can start the process and add many plus factors into it.
You need to keep in mind that the end-product should be user-friendly. Therefore, you need to choose the designs and work on them in an elaborate fashion. That’s the key to making the most appropriate designs which would make every single aspect of the platform more feasible. You need to be skilled in the integration of different glyphs and infographics which make the appearance for engaging for the users and make the trading easier.
Befitting for the market
Unless you come up with something that strikes the chord with traders, it is no use working all out in the development process. You need to first understand what the buyers and sellers want, which features make the transaction faster. It is not possible to do all this without full-fledged research and you can certainly do it with an entire team as well which would expedite the task and give you results faster than you can expect.
Also Read: Stock Exchange Software Make Your Trading Better?
Once you are able to find the most sought-after attributes which traders generally look for, you can start working on them. The process of integration may take some while and it could even pose some challenges. But if you are working with a professional, the job won’t be very difficult. You need to ensure that the software is secure even with multiple payment options. It should be easy to use with every functionality that a trader expects.
Technical issues
You cannot expect the whole development process to be over without giving you some hard time. And you should better be ready for it, otherwise, it could be a major setback for you and you may think of putting off the project or canceling it altogether. Therefore, it is a must that you have experts who are well-versed in their job and can deal with such issues easily. Eventually, you will have to come up with a product that is bug-free and efficient.
There are various other issues that you might come across while API integration and other such sophisticated tasks. You will also need to keep a track of the real-time data which will help in bringing the right quantum of change. Tweaking with subtle things in the application should be done only when you hold expertise over it. So it is best that you have a team of seasoned professionals working for you and you engage with them very well.
Features that make the stock trading app feasible
There are a few features that are a must for every stock trading apps. It is better for every trader to know about these features as they make trading very handy.
- Compact user profile and authentication
- Seamlessness of fund transfers from the trading account
- Robust gateways for payment
- Availability of stocks for trade
- Ease of buying and selling
- Real-time status of stocks
- Feasibility of managing personal profile
- Time tracking and synchronization
- Messaging and Push Notifications
- Statistics, analysis, and market trends
- Consultation with experts
- Integration of necessary utilities
- History of transactions and holdings
- Encryption-based Security
- Tutorials for beginners
- 24/7 customer support
Determining the cost of developing a stock trading app
- Applicability of mobile platforms i.e. Android or iOS
- The additional features included in order to enhance the functionality
- Integration of third-party APIs
- Integration of different bourses and payment options
- The country from where you hire the developers
- The experience and skillset of developers you are working with
- Whether you are working with a dedicated team or not
Upshot
If you want to estimate the cost of stock market app development, it could be between $40,000 to $60,000. This is the average cost which most of the development companies charge, however, you can get services at cheaper rates if move South-Asia. In India, you can easily get highly-skilled developers who could give you a befitting platform equipped with all the specs that you need at a very basic price. Technoloader gives a chance to empower your trading with a robust platform that would be available at a very reasonable price.
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