Investing appears to be more accessible than it has ever been before.
More and more aspects of daily life are becoming digitized. Stock & Crypto trading is no different than a number of other sectors. Investment projects are no longer limited to businesses with a specific focus. Everyone may readily invest and profit owing to trading platforms. Whether you prefer a hands-off approach to invest or enjoy poring over market information and making trades – or somewhere in between – the proper investment application can help you achieve your objectives.
People all across the world currently employ a standard method for online stock trading. Some people like to shop online because it is more convenient, while others do so because they can get better deals. According to the reports, more than 1.79 billion smart people could well trade online in 2022. Companies are more likely to consider or act in ways that allow them to generate more money by developing and executing stock trading mobile app development as a result of this shift. The market for online trading platforms was worth $13.1 billion in 2019 and is predicted to rise to $18.3 billion by 2027. It comes as no wonder that demand is rising, and well-designed apps with a sound marketing plan are proving to be extremely successful.
Take, for example, invstr, which has grown by millions of users each year since its establishment. So far, they’ve raised nearly $40 million in fundraising. Huge, isn’t it?
Ever since, many stock trading companies in Europe, the United States, and Australia have seen an increase in demand. They’re all vying for market share by providing a brand new and simple way to profit from existing savings.
If you’re seriously thinking about developing an app like Invstr, then this blog is for you.
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Invstr: Quick Overview!
One of the greatest investment applications for beginners is Invstr. This investment app is well regarded for its fantasy game-play, which allows users to learn more about companies by playing with $1 million in fictitious money. Invstr is an excellent alternative for anyone who wants to acquire some practice managing a portfolio before diving in. The application includes an active investor community and constantly updated social media feeds to help users learn more about portfolio management.
|Invstr offers various functionalities like:
|Allows customers to build a portfolio of investments.
|It has the most up-to-date market data.
|Users simply need $5 to begin trading with no hidden costs.
|Informs investors about impending events.
|It’s a financial education app with individualized investment alternatives, digital banking, real-time data, and educational content.
|Allows trading without the need to “settle” funds.
|Its design is straightforward and intuitive.
|Trades with no commission.
|There is no account minimum.
|It is safe.
Every trading platform, as you’ve seen, has its pun. Some are appealing because of their user-friendly interfaces, while others are appealing because of their extensive investment portfolios and built-in smart features. You need something that distinguishes you apart from the competition to attract users’ attention. Understanding your business nature and knowing the aims you want to attain can help you find the winning proposal. Nonetheless, the trade project will be built on a foundation of more or less common characteristics, which we shall discuss further down.
Also Read – How to Develop a Trading Platform?
What are the Features to Add to an Investment App like Invstr?
Considering several of the most prevalent competitive investment possibilities if you want to develop an app like Invstr:
Moving on, let’s talk about,
How to Build an App like Invstr?
If you want to start developing trading software, make a list of the actions you’ll need to do. Of course, there will be some modifications along the way, but the overall approach will look like below:
1. Do some Market Research & Choose the platform
Market research on your audience is always the first step in developing an app idea. After you’ve completed your study, you can determine which platforms your mobile application like Invstr will be built on because you can’t work anymore if you don’t understand the platforms. Applications for Android, iOS, and websites are all possible platforms.
The best approach is to create a cross-platform app that can be used on any platform. From the beginning, a cross-platform or hybrid app gives improved visibility.
2. Design UI/UX
For a smooth and quick customer onboarding process, UI/UX design is critical. As a result, both the experience and the interface of your application should stand out. Excessive pop-ups or registration forms will annoy your user. Maintain a straightforward approach. Make sure users simply navigate through the app and data once they’ve been properly onboarded, regardless of the investing app development platform used or the screen size.
3. Hire the right people for App Development
If you’re launching a stock market app, for example, the best advice is to hire seasoned project-based stock market app developers that know how to create stock market apps for both Android and iOS.
The size of your app development team might also affect the cost of your project.
|A development team typically consists of the following individuals:
You should spend more if you require a larger workforce. However, you can’t just employ a single app developer to create your app. Mobile application development is a time-consuming process that necessitates the involvement of not just competent developers but also project managers, designers, and quality assurance specialists.
4. Test the App
Testing is an important component of the app development process, particularly for apps that deal with personal data and money. The functionality of your application when the stock market is open and then synchronizing between devices are two aspects that really should be thoroughly checked before the public announcement of your custom mobile app like Invstr.
Moving on, let’s check,
How much would it Cost to Develop a Stock and Crypto Trading App like Invstr?
Nobody can provide you with specific pricing right away. Without understanding your particular requirements, preferences, and needs, determining a price range is challenging. However, here’s a quick breakdown:
The cost of developing an online stock and cryptocurrency trading app like Invstr, like any other mobile app, is determined by a number of criteria, including the app’s concept, features, the technology employed, UI/UX design, and a number of other conditions.
Most importantly, the price differs from one business to the other. If you wish to assess your project idea, simply contact us, and we’ll assist you in assessing your investment app development idea.
Stock trading apps are gaining traction at a time when mobile devices are grabbing the world by the storm. To overcome technical hurdles and maintain the smooth and steady functioning of your stock crypto trading app, such as Invstr, you’ll require expert engineers. Custom trading software is in high demand right currently, so if you want to build one, you’re on the right track. We have a lot of fintech development experience at MATELLIO. We’ve been working on developing solutions, investing ventures, and trading systems for a long time. Get in contact with our professionals if you’re seeking a reliable custom mobile app development team.