Are you searching for the best app to scrutinize the stocks you wish to buy and sell stocks, or do you have a preference to bank on a particular portfolio? Are you thinking to endow recurrently or is this just a tryout? And what is your initial investment amount? To do all these the user might need the best app which can do all of these in just one click.
Unquestionably, you must have to hunt for the best trading solution that best suits your investment plan. These apps are something similar to the free trading app like Robinhood, which offers a charge free exchange of equities and mutual funds with actual statistics and real time data. It is absolutely fine to check out various similar apps before you start planning about building a trading app. The best feature of a stock trading app is that it is meant for both the experts and the fresher. With all these the need for building the appropriate app which will answer all of the above questions has become essential. What could be the potential causes that several firms haven’t come forward to design a free stock trading application like Robinhood that will, in turn, abridge all the gaps that come up while investing in the stock market?
The express progression in the field of technology has altered how the entire world looks at the investing apps. Let it be internet banking or cost tracking, sending or receiving funds or save money, or trading stocks there is an app for our every single necessity. The stock exchange apps are one such group that is also flourishing in the app development sector. This kind of mobile investment app is easy to build, deploy and maintain. All of these intended “free” stock trading apps or exchange traded funds app, offers the end-users some valued insights related to the most recent investment openings by using real-time data at free of cost..
Furthermore, these top trading apps provide the latest updates related to the up-to-date stock market information as well. So, let’s understand more about a stock trading app and the best aspects, challenges faced during the creation of apps. Here is a complete guide to building a free stock trading app.
Best Features of a trading app:
- Information security: Indisputably, trading is always accompanied by risks. Conversely, the free stock trading app must break the old state of insecurity. Security is one of the predominant factors to be considered while building financial apps. Particularly if the mobile applications confidentiality asks individual authorizations is at the top. The trading app must provide the best security features, extended trading hours and so on.
- Interactive UI Design: While building a mobile app, ease-of-use in UI design plays a vital role. The user of the app regularly searches for data about the variations, will strictly observe market statistics from trading exchanges, etc. So the app offered must be convenient to use without any complicated design features.
- Real-time data: To create a useful stock trading app, it is imperative to give the users a facility to view live market information. With this option, traders can see up-to-date market data. Apart from these, the users must also get estimates for free during any time and wherever they are, thus decreasing the brokerage charges
Steps involved in building a free stock trading app:
Now that we have identified and settled the primary issues, it’s time to begin the development process which involves stages as follows:
- Get educated: Perform an in-depth dive analysis of the various stock market apps like Robinhood gold and analyze its features. Also, it is highly suggested to review the Charles Schwab website and understand trading. Undergo a good-quality stock market training program that covers the necessary and technical study.
- During the design phase the following activities must be done:
- Choose your Necessary Screens layouts
Selection of ideal Stock Market Pointers employing technical analysis
Price Pointers – “Relative Strength (RSI), Rate of Change (ROC), Moving Averages (MA), Moving Average Convergence Divergence (MACD), Parabolic SAR, ADX Average Directional Movement Index”. Price Volume Pointers – “On Balance Volume (OBV), Chaikin Money Flow, Time Segmented Volume (TSV), Money Stream”.
- User Interface design: The UI/UX design must also be decided at the phase of framing designs and requirements for the product. UI/UX must enable the practice of stock market app development. Designing and related tools provide technical assistance and support developers to cognize how customers will utilize the app.
- Back-end Design and Development: To design and build a trading app, you might need to get a backend professional who has a good acquaintance with server technologies like a database, planning, and software logic creation. To be certain that the databases and servers are functioning appropriately, the designer utilizes server encoding languages like Java, PHP, .Net, Ruby, MySQL, Oracle and SQL Server tools. For any mobile trading app, the back-end must have the following four components.
- User profile management
- Payments or Transactions
Hence developing functionalities like user sign-in, transactions, and alerts have to be taken care of during the back-end design process.
- Cost Estimation:
|Development Phases||Estimated Hours of Work (*All of these numbers are near to approximation only)||Average Rate per resource|
|Front-End development||400-500 hours||$60/ Hour|
|Back-end development||300-400 hours||$30/ hour|
|User Interface design||50-100 hours||$50/ Hour|
|Various Types of Testing||100 hours||$30/ Hour|
So, to create an precise and accurate trading app, it is vital to think about the security features well as the app will deal with personal identifications of end-users like bank details, credit and debit card particulars and others. The stock exchange is robust to understand; conversely, the creation of an accurate stock trading app can make trading much stress-free if it is executed with good expertise knowledge. Likewise, the trading philosophy seems to be somewhat developed. That is why; the whole thought about developing a stock market investment application with us appears to be the best idea. So what are you waiting for? Touch-base with us now for a Happy Trading experience!