Just a couple of decades ago investors used to call the stock exchange for giving instructions on buying, selling and holding of stocks or simply for consulting about new purchases. Those times are over thanks to the web-connected stock market websites and services allowing managing, buying and selling stocks online. As a more advanced mode of stock trading now customers can even use stock trading mobile apps for stock trading and management purposes.
With the opening of opportunities through stock trading apps, traders and stock market professionals are delighted than ever before. After all, stock trading apps brought the stock market right within the reach of their palm-held device. We need to understand the revolutionary impact of these apps on the stock market and investment. Besides explaining the advantages of the stock market apps we will also explain how these apps work.
Why Build Stock Trading Apps?
The huge user base alone proves how popular are the stock trading apps. The kind of ease these apps offer for trading stocks is enough motivation for building stock trading apps. Before you hire Mobile app developer for stock apps, knowing the advantages it offers is very important.
Stock trading apps helps busy investors and stock traders to stay updated about their portfolio and how the stocks in their portfolio are actually doing in the market. This helps the investors to go for a paid subscription to use the app. Naturally, a stock trading app easily reaches fame and reputation while being considered invaluable for many stock traders and investors. This gives stock trading apps a huge opportunity to earn consistent revenue.
Key Features of Stock Market Apps
Though for most stock trading apps the elementary features to allow stock trading come as free, the leading stock apps like Robinhood and E-Trade also offer an array of sophisticated advanced level features for the professionals and seasoned investors.
Let’s first have a look at the basic features of mist stock trading apps in the market.
- A comprehensive online dashboard to navigate across stocks and various actions like buying, selling, research, portfolio, etc.
- Real-time stock chart streaming along with quotes, price patterns, analysis, predictions, and strategies.
- Stock scanners to give insights about the right time of picking stocks based on an array of technical and descriptive metrics.
- Watch lists to keep a constant watch on selected stocks along with the user’s price, bid price, volume, and ongoing percentage changes.
- Latest market news and updates to help to buy, selling and long term holding decisions.
- Calendars with stock market notifications with timely alerts to help users buy and sell stocks as the intended pricing threshold comes close.
Leading Stock Trading Apps
For building successful stock trading apps it is imperative to learn from the leading stock trading apps. Let’s see some successful mobile stock trading platforms briefly.
This leading app with an easy interface and an array of advanced features for tracking stock market data, trade commands, and quote updates can really help traders get the best out of mobile stock trading.
This trading app which comes as completely free even allows traders to trade stocks without paying any fee. The app only earns from the accumulated interest from its user base.
This crowdsourcing trade platform besides helping to make stock market transactions helps communicating with other traders and seek their advice. The app boasting of information from millions of traders arid the world appears as a great research tool as well.
This comes as the twitter of the stock market and shares other investors’ opinions and views about stocks and investment decisions besides informing the traders about the market information and the stock trends.
- NetDania Forex
This mobile stock market platform allows investors to stay abreast of the information about currency and commodity market besides boasting a whole array of effective trading features ranging from the real-time exchange rates, online charts, etc.
How to Build A Successful Mobile Stock Trading App?
Though building stock market trading apps involve a lot of complexities, we always advise you to give attention to the below-mentioned aspects as the key success principles.
- Mobile Website vs Mobile App
Though you can always go for building a mobile-optimized stock trading website, it will lack the native accessibility and ease of anytime-anywhere access. Mobile stock apps with an array of advanced native features along with offline access to certain content and reports is a more advanced option between the two.
- Offer A Highly Useful Trading Platform
This is where you need to learn from the leading stock market apps. Instead of blindly following the app features that make stock apps, always incorporate features and trading mechanisms that suit your typical needs. When choosing the OS platform, always go for the device platform that most of your target customers use.
- Technology Stack
Whether you hire an iPhone app development company or Best android app development company for your app, choosing the right technology stack matters a lot. When coming to the appropriate technology stack for building your stock trading app, skilled developers versed in Swift, Java, Kotlin, and C# are required. For backend development, you need developers versed in server programming languages such as Ruby, PHP, Python, Java, Net, MySQL, Oracle and SQL Server tools.
- Trading Platform Design
As for designing the trading platform interface, give utmost priority to the ease of access to relevant information and easy trading commands. The UI and UX of the trading app should be taken into consideration right from the very beginning of conceptualizing the app. In this respect, always use prototyping and similar tools like that. It is also important to stress on the usability testing for optimum outcome.
- App Security
For an app dealing with the stock market and finance, security is a crucial aspect. You need to give optimum priority to the security of transsexual and data security without compromising on the convenience and ease of use.