Creating an Investing App: Tips & Recommendations

Our software development team has worked on several FinTech projects. Unfortunately, we can’t share the details since these projects are under NDA. The last step of investment app development is launching your product.

• If your users are focused on saving, you could help by providing analytical calculations of how much they will have held by a specific time.
• You don’t always have to reinvent the wheel, the same way you don’t have to bring something totally new to the market.
• With mere taps and clicks, you can buy, sell, trade, invest or ship anything anywhere in the world.
• Konstantin has worked with mobile apps since 2005 (pre-iPhone era).
• All of this is made possible because of the investment applications.
• There are several independent security and penetration testers that you can hire, but ideally, the app development agency you hire must provide you with these services.

Personal profiles can also have setting options added to them. Provide users with the option to sign up using their phone number, email address, or other details. An investment tracking app must have a feature to verify documents to ensure that users are authentic. Acorns – This investment app is meant for investors who like getting automatic investments while spending them without worry or if you want retirement investment without hassle. Another popular method to earn from your investing apps is to place ads at multiple places in your app. This can be a banner at the top or the bottom of the screen, or you can seamlessly place them between screen transitions. Some more specific features and services can make the costs soar high or low.

What is the most obvious thing most trading app developers miss when they make automated trading software?

More opportunities are available if you are willing to pay a higher rate, including managing margin accounts, working more hours, and achieving individual investing goals. There are various ways of earning through a mobile investment app – apart from investing in the stocks yourself. Also, don’t forget to test your app against modern cybersecurity threats because you don’t want your app’s data, or precisely your users’ data, to fall into the wrong hands. There are several independent security and penetration testers that you can hire, but ideally, the app development agency you hire must provide you with these services.

• These investment applications offer a variety of flexible resources at minimal application fees, helping investors increase their investments and save money.
• Your investment platform should be integrated with a payment service, which will make it possible to run online transactions.
• Securities and Exchange Commission and self-regulatory organizations, such as FINRA .
• Doing so allows you to plan the product, your budget, deadline, and marketing strategy better.
• TD Ameritrade Mobile reports when the investment goals have been reached.

We at Appinventiv are here to assist if you’re looking for a skilled and reliable financial software development partner. According to a Bankrate poll, 63% of smartphone owners have at least one financial app installed, and 17% of these are stand-alone investment apps.

How to develop a mobile investment app?

When users have many stocks on their list and in trades, they may lose control or find it hard to gain a clear overview of their financial positions. Hybrid – Hybrid investing apps combine DIY and robo-advisor to enable any style of investment. A good example of a hybrid investment solution is M1 Finance, which allows users to rely on technology or make their own decisions when managing their portfolios. Robo-advisors – Using AI algorithms to analyse historical data, robo-advisor investing apps forecast market trends. Then, taking user preferences and behaviour into account, suggest the best investment options. The Robinhood app, for instance, precipitated a wave of new investing and trading platforms and opened the stock market to millions of US residents. Are ideal for day trading while also combining the features you’d expect from user-friendly apps focused on long-term investments.

The second is a test environment that replicates the live one but doesn’t deal with real money. Finally, there’s also a development environment where you build a trading app test version and run early QA. Each of these companies offers comprehensive documentation and consulting services on implementing their trading APIs into mobile and web solutions. You can expect to have such features as fractional trading, pre-market & after-hours trading, portfolio management, margin trading, advanced orders, tax reporting, and much more.

Step 5: Maintenance

Additionally, in-house software development tends to be more expensive in comparison to the outsourcing company. An in-house team is perfect for existing solutions when you’ve already released the product and got some profit.

Analyzing the collected information, you can make a list of must-have features. After that, you can share desirable features with a development team and find out the tech solution for your project. To learn more about what specialists you’ll need to develop an app, check our article on app development team roles & responsibilities. An investing app that provides knowledge to its users has inevitably more value than an app that only allows you to purchase and sell.

How to Create an Investment App: Steps to Follow

These investment applications offer a variety of flexible resources at minimal application fees, helping investors increase their investments and save money. A typical investment app development costs between $70,000 and $120,000. You can use this money to add crucial features that let you purchase and sell assets, gather statistics, and use notifications to inform the user of significant events.

Make sure creating a personal account is as easy and intuitive as possible to avoid putting off your users from the moment they start using your service. You should provide users with a walkthrough of your app after they register.