The skyrocketing stock market and people investing in it as a hobby have absolutely widespread this new tendency. The market shares and capital have been snowballing as people are keen on taking the best chance to earn double returns. The most interesting part – they constantly try with risks to make double the profits of the investment.
How To Create An Investment App_ An Innovative Ideas Guide.pptx
1. How To Create An
Investment App?
An Innovative
Ideas Guide
www.nevinainfotech.com
2. Introduction
The skyrocketing stock market and people investing in it as a hobby have absolutely
widespread this new tendency. The market shares and capital have been
snowballing as people are keen on taking the best chance to earn double returns.
The most interesting part – they constantly try with risks to make double the profits
of the investment.
Capital spending has benefited the stakeholders with the expectation of receiving
higher returns. But, keeping an eye on the fluctuating shares and calculating risks
has always been a restless game.
3. Facing unpredictable business losses and prices reflected in the stocks will be a part
of the stock trading market. So to make it easier, various custom mobile app
development services came up with an idea – to create an investment app.
An investment app is a trading platform that helps them into fund decisions as a
money-saver. This is one of the trending money-making mobile apps adopted by
startups and even established finance apps.
In this blog, you will learn about the basic features, types of investment apps, and
how to create an investment app.
4. Must-have Features for an Investment App
Registered User Profile
Before kick-starting with capital funding, the user’s account details registered in the
app will direct funding in one go. All their transactions, investments, withdrawals
along gains would be in a click. This function will make the fund transfers quick and
efficient.
Trading Management
This is the most important feature to create an investment app. It enables users to
efficiently oversee and control their investment activities. The feature typically
includes tools for order placement, monitoring stock prices, tracking portfolio
performance, setting take-profit orders, and accessing historical trade data.
5. Market Insight
Breaking down the difference between several stocks is a highly calculative task.
Moreover, ever-changing trends are difficult to track as the prices can change
anytime. So to keep updated with this pace, apps like Acorns have a market insight
feature for graph visualization of the stock prices.
Funds Withdrawal
The funds’ withdrawal feature allows users to transfer money from their brokerage
account back to their linked bank account. It provides a seamless and convenient
way to access profits or withdraw funds as needed.
6. Push Notifications
Like any other mobile app, this feature is similar but with different purposes. It sends
real-time alerts to users about important market events, price changes, and
account activities.
These notifications are typically customizable, allowing users to stay informed about
specific stocks, market news, or account updates. It helps traders make timely
decisions and stay connected to the financial markets, ensuring they don’t miss out
on crucial information impacting their investments.
7. Customer Helpline Support
The CRM feature provides users with access to customer service representatives
who can assist with inquiries, account issues, and technical support. It offers direct
communication as an assistance for users to resolve problems, and get answers to
their questions related to trading, account management, or app functionality.
8. What are the Types of Investment Apps
Banking
The banking app is a direct way of capital funding in stocks. The app allows users to
link their bank accounts for quick and secure deposits and withdrawals. It simplifies
the process of moving funds between a user’s bank and investment accounts,
enabling a trouble-free, efficient, and reliable way of trading stocks and other
securities.
Robo-Advisors
A robo-advisor in an investment app for trading stocks is an automated platform
that uses algorithms and user-inputted information to create and manage an
investment portfolio.
9. Exchange Platforms
Exchange platforms facilitate the buying and selling of other assets besides stocks.
The users can exchange cryptocurrencies, commodities, ETFs, and other securities.
These platforms allow investors to freely experiment with stock exchanges, allowing
them to place orders, view market data, and execute trades in real time. They
provide access to a wide range of financial instruments, making it convenient for
users to manage their stock portfolios and participate in the stock market.
10. Development Process
Identify the Gaps in the Market
There is generally a gap in the market that is overlooked by most of the startup
companies. So looking in-depth at the industry, you can have the opportunity to
create an investment app, i.e., the solution to the hiatus. Conducting market
research will give you the needed ideas.
Choose the App Monetizing Method
There are numerous ways of directly or indirectly earning expected revenue. The
most common ones are:
11. ● Trading commissions
● Subscription plans
● Robo-advisor fees
● In-app advertising
● Initial Coin Offerings (ICO)
Select the Suitable Platform
Many of the mobile apps are functional according to the platforms they are built for.
Some are cross-platform apps, and many of them hire iPhone app developers for
iOS particularly. While some other businesses hire Android app developers as well.
But for that, you have to decide your target users.
12. List Down the App Features
In any investment app, user engagement is crucial to keep the app generating
revenue. Setting up an eye-catching theme, colors, and importantly, the highlighting
features of your app. For such MVP development, shortlist and plan the business
goals, strategy, and focus of the app.
Ask for the Necessary Integration
API integration is the backup support for maintaining the app’s functionality. To
create an investment app, a finance app development company can affiliate the
platform with third-party finance data providers. This will enable real-time data,
scalability of multiple users, and seamless features.
13. Compile with Regulations
Keeping your app abided by the laws can prevent it from all the trouble, and this is
the core of all investment apps. Registering as a broker-dealer will increase the
authenticity of the online trading platform. Follow the regulations such as the
Financial Industry Regulatory Authority (FIRA), Anti-Money Laundering, and other
required regulatory laws.
Talk About the Costs
Mobile app development costs are different with every service. Given that you might
have a fixed budget, being clear on the costs per service will clarify the suitable app
development company to on-board for your project.
14. Examples of Popular Investment Apps
Robinhood
While mentioning the investment app, Robinhood is a well-renowned online trading
platform. The app is commission-free which is why most of the users find it to be
reliable. It offers real-time market data and the exchange of securities and EFTs.
Betterment
Betterment is a popular financial technology platform and robo-advisor that offers
automated investment and financial planning services. It helps users create
diversified portfolios tailored to their goals and risk tolerance, providing a
convenient and low-cost way to invest for the future.
15. Binance
Binance is a cryptocurrency exchange platform that provides a mobile app for
trading a wide range of cryptocurrencies. Users can buy, sell, and trade digital
assets, access market data, and manage their cryptocurrency portfolios through
the Binance app.
16. Hire Custom Mobile App Development Service
The influence of profiting from simply investing in shares has gained massive
attention. And this trend will remain relevant even in the coming times. Looking at its
bright potential, several businesses and emerging startups hire dedicated
developers after foreseeing the advantage of this mainstream domain.
Likewise, you can too. Approaching a finance app development services in India can
sort for innovative app design. Their range of services and expertise will provide you
with ample options to create an investment app. Simply researching the market
gap and the area of opportunity can give clarity in deciding the workflow of the app.
Original Source: https://www.nevinainfotech.com/blog/create-an-investment-
app/.
