How to Develop a Stock Trading App like Investopedia?

Introduction

Are you looking forward to making a stock trading application like Investopedia for your business? If so, then this particular blog post will prove to be very insightful for you.

Investment trading is something that tends to have a very big impact on the lives of people in many different ways. There is a huge potential in this industry and the US stock market. Due to this reason, a vast majority of the people currently are seeking online trading app development.

Before you choose any service provider to accomplish this particular work, it is very important to read this guide well which will help you to gain a good understanding of the overall thing.

What Are Stock Trading Applications?

You may have come across many of the best stock trading apps or heard about these. So, now let’s understand what exactly stock trading apps are. These are those which make billions of dollars by letting young investors indulge in trading markets.

The best part about these apps is that the account fees in this case are nominal and these also come with zero trading fees. Now, the main question that arises in this aspect is how these apps do this and what makes them so profitable. Let’s understand this well in the following section.

Reasons Behind The Rising Popularity Of Stock Trading Applications

The exciting features in the stock trading application are the main reasons behind its recognition. A recent survey (in 2020) conducted in this aspect has made it clear that about 67% of the investors who make use of the trading platforms feel that they possess more advantage over those who fail to use them. Now, let’s talk about these reasons:

• Cybersecurity which ensures transparent trading
• Acting as Robo-advisors which aids in generating a significant amount of profits

The best trading app should necessarily possess all of the above-mentioned features.

• Trading strategies suggested by making use of algorithms
• Instant alerts and notifications for those who are interested in the stock market
• Commission-free trading

How To Create A Stock Market Application Or Investopedia Like Mobile App?

As you are here, it is indicated that you may be looking forward to building a stock market application similar to Investopedia. To transform your app into a reality, you will need to hire a trading app development company in USA that is inclined towards providing top-notch services.

A professional app development firm possesses a team of IT developers, project manager, UX or UI designers, Business Analysts, marketers, and Testers. So, in this guide, we will focus on having a talk about the role of all of these professionals which are further divided into various steps of the application development procedure. The steps are the follows:

Back End Development

To have a robust backend, you should focus on developing server technology. The two pillars of a strong backend are server and database. Due to these specific reasons, you should always hire someone who is having a lot of experience in architecture. Not only that, but they should also have a very good understanding of the software and database.

Server Framework: The first important thing is to design a server framework by making use of any of the programming languages. Many of the languages are considered to be optional, including Java, .Net, Oracle, MSSQL, Ruby, Python, etc. All of these are relative databases. Again, some of the distributed databases are also utilized such as SingleStore and DolphinDB.

Front-End Development

Before doing front-end development, the developers should first gain a good understanding of the client’s preferences. One of the important things to note in this aspect is that the front-end development deals with the user interaction side of the app.

The developers should have experience and knowledge working with languages such as HTML, CSS, and Java. Not only that, but they should also have the skills in complicated building systems such as JQuery, Angular, React, etc.

How Much Does It Cost To Make A Trading App?

The cost of app development can vary depending on several factors which include the time taken, the complexity of the app, etc. So, there is no exact answer to this question. Other than the working hours, team selection also impacts the overall development cost.

You can hire a permanent dedicated team for your website or app, or the other great way is to hire a development team who provides you with the following:

• A pocket-friendly budget
• Efficient working hours
• Post-launch marketing services

Wrapping Up

We hope, after reading this blog post, you have got a very good idea about the best ways in which you can make a stock trading app. Once you know about these steps well, it is time when you should hire an app development company who can help you in this aspect. One thing to keep in mind is that you should always choose a professional app development firm as they have the required skills and expertise in this field.