Stock Trading App Development in 2022: Earn 40x More Profit than the Development Cost!
To start stock trading app development, you might have two goals behind — first being to earn billions of dollars and second being to transform the way people invest money today.
We have come a long way from calling the brokers (to buy and sell shares) to now being able to trade online on our devices. And it’s for good. There are tycoons like the Robinhood App who have made their way to the top of the market. Do you want to beat the progress other stock trading apps have been making and capture a fair share of the market?
Fortune Business Insights estimate that the online trading market will grow up to $12.16 billion in 2028! In the same line, it has already seen tremendous growth during and post the pandemic.
Look at the tweet snippet which clearly shows how the interests of people worldwide changed in the pandemic.
Hopefully, you now have a clearer idea on how huge the stock trading market can get.
Now, let us help you with a few must-add components in your stock market app:
- Bid Types
- Daily Trade Limit
- Trading Tools
- Watchlists & Charts
At this point, when the stock trade market is booming, it is the perfect time frame for starting a FinTech company of your own. But, with the existing competitors, are you afraid of setting your foot in the market?
How to Earn as a Stock Trading Online App Owner?
It is evident that you are creating a trading platform to earn out of it.
Users Pay Nominal Fee Per Trade in the Stock Market Apps for Android & iOS
More than 90% app owners adopt stock trading app development model wherein apps charge per trade done by the user. Since the charge is minimal, a high volume of trades provides more revenue to the app. This is the most used revenue model implemented by the app owners.
But, do you know ALL the definite ways of earning money from such a platform if you don’t charge a fee?
Mentioned above is a brain-scratching question because most trading online apps have zero fees.
So, after the trading application development, how do they earn exactly? Peep into the below points:
- Premium Subscription
The app’s free version is available for users but with limited features. To access the advanced features of the application, users have to switch to the premium version. Moreover, users who are into hardcore investing or brokerage subscribe to the premium version for access to more features.
Many applications provide tips to help users understand the market situation and trends. But, what’s the catch? These apps offer the users all the credible knowledge in the premium version. This, in turn, drives the users to pay for the pro version.
- Interest on Trades
Let’s say the app displays the bitcoin buy value at $1.05 while the actual value is $1. Users don’t even question it as the bitcoin price keeps fluctuating. The difference in the actual price and the displayed value is the app’s revenue. Users pay such minimal charges to the app unknowingly.
What is the Trading App Development Cost?
Stock trading app development is a subjective process; hence, quoting a cost would be an arduous task. Many factors affect the cost decision — app platforms, features, UI, tech stack used, time consumed, etc.
But, by considering the business and technical aspects of How to Build a Trading Platform, we have come down to an approximate value. The trading app development cost can be between $25000 and $75000. The reason behind this wide cost range is that a stock trading app can only be a guide for investors or allow them to invest or be a crypto exchange platform or serve several needs altogether.
Stock Trading App Development — Closing Bell!
To start stock trading app development and to take it on the top can be a task, but imagine the profits you can earn if you beat your competitors!
Apart from the information we provided in this article about trading platform software development, we can help you with the secret sauce to make your app idea #1. Stock markets might close everyday but Xekera Systems services are endless. Share your stock trading software development idea with the trading platform development company to enhance it into a bigger and better functioning mobile application.