May 7, 2023

What to Expect in Trading App Development in 2023

An investment app is a cutting-edge software application that empowers users to seamlessly buy, sell, and manage a wide range of financial assets, including stocks, cryptocurrencies, forex, and commodities, all from the convenience of their mobile devices or computers. These apps provide an array of robust features, such as real-time market data, powerful trading tools, and other resources that empower users to make informed investment decisions and execute trades with lightning speed.

The development of such apps continues to be highly relevant for several compelling reasons. Firstly, the surging popularity of online trading and the increasing number of retail traders have generated a strong demand for intuitive and feature-rich trade apps that cater to the unique needs of individual investors. According to Business of Apps, the usage of stock investment apps witnessed a staggering increase in 2021, with over 130 million people utilizing these apps, marking a notable 49% surge from the previous year. However, it’s important to acknowledge that the events of 2022 may have led to a decrease in user numbers. Nevertheless, it’s reasonable to expect that these users will likely return as the market stabilizes. In this article, you will understand what affects the trading app development cost.

5 Examples of Success in the Industry

  • Robinhood

Robinhood is a commission-free app that has gained popularity for its intuitive interface and accessibility to beginner investors. It supports trading in stocks, options, cryptocurrencies, and ETFs, and boasts a large user base in the United States.

  • TD Ameritrade:

TD Ameritrade’s app is renowned for its robust trading tools, comprehensive research capabilities, and diverse investment options. It enables trading in stocks, options, futures, forex, and cryptocurrencies, and is favored among experienced traders.


ETRADE’s app is known for its comprehensive features, including real-time market data, advanced charting tools, and customizable watchlists. It supports trading in stocks, options, futures, and forex, and has a strong presence in the United States.

  • Binance:

Binance is one of the world’s largest cryptocurrency exchanges and boasts a popular app that enables users to trade a wide range of cryptocurrencies. It is recognized for its low fees, high liquidity, and advanced trading features.

  • IG Trading:

IG Trading is a well-regarded app that offers a diverse range of financial instruments for trading, including stocks, forex, options, and cryptocurrencies. It is lauded for its user-friendly interface, educational resources, and competitive pricing.

The Difference Between Trading Apps

Investment applications come in various types, with some hybrid versions that combine features from two or three types. It’s important to choose the one that aligns best with your idea and business plan among the following five types:

Stock Trading Apps empower users to trade stocks of publicly listed companies. They provide real-time market data, news, charting tools, and order management features, allowing users to stay up-to-date with the latest market trends.

Cryptocurrency Apps specialize in trading cryptocurrencies, such as Bitcoin, Ethereum, and others. They offer a wide range of cryptocurrency pairs, real-time market data, and wallet integration for seamless management of digital currencies.

Forex Apps are designed for trading currencies in the global forex market. They provide tools for analyzing currency pairs, executing trades, and managing risk in the dynamic and volatile forex market.

Options Apps are tailored for trading options, which are derivative contracts that grant the right to buy or sell an underlying asset at a specific price. They offer options trading tools, strategies, and risk management features, empowering users to make informed decisions.

Social Trading Apps allow users to follow and replicate the trades of successful traders. They often include a social networking component, facilitating interaction, idea sharing, and learning from fellow traders, making it a collaborative and educational trading experience.

Essential Features for Your Trading App

Here are essential features that are a must-have for any investment app. You can choose the features that best align with your target audience and business requirements to implement in your app:

A user-friendly interface is crucial for an investment app, allowing users to navigate seamlessly and efficiently. This includes easy sign-up, quick access to trading functions, and smooth navigation between app sections.

Accurate and up-to-date market data is vital for informed investment decisions. Your portfolio management app should provide real-time data on stock prices, cryptocurrency rates, forex rates, and other relevant financial information.

A variety of trading tools and order management features should be offered in your app to help users execute trades effectively. This may include features such as limit and stop orders, market orders, order history, and portfolio management.

Security is of paramount importance in every app, as it involves sensitive financial transactions. Robust security measures such as two-factor authentication, encryption, and data privacy protocols should be in place to ensure the safety of user data and transactions.

Timely notifications and alerts are essential for traders to stay updated with market movements and price changes. Your app should provide customizable notifications and alerts for price alerts, trade executions, and other important events.

Charting and technical analysis tools are critical for traders to analyze market trends and make informed trading decisions. Your app should include advanced charting tools, indicators, and technical analysis features to support traders in their analysis.

Mobile accessibility is crucial, as trading is often done on-the-go. Your portfolio management app should be mobile-friendly, with responsive design, easy navigation on smaller screens, and optimized performance on mobile devices.

A reliable and responsive customer support system is essential for an investment app. Users should have access to customer support channels such as live chat, email, or phone support to address any issues or inquiries.

Fundamental Steps in Trading App Development

Following these steps diligently is crucial for the successful development of a trade app, ensuring a smooth and efficient development process.

  1. Defining the Concept: This step involves brainstorming and clearly defining the purpose, target audience, and unique selling proposition of your app.
  2. Market Research and Analysis: Conducting thorough market research to identify competition, market trends, user preferences, and potential opportunities for your app.
  3. Creating a Development Plan: Developing a comprehensive plan that outlines the technical specifications, features, functionalities, and timeline for building the app.
  4. Design and Development: This step involves designing the user interface (UI) and user experience (UX) of the app, followed by actual development using appropriate programming languages, frameworks, and tools.
  5. Testing and Quality Assurance: Conducting rigorous testing and quality assurance to identify and fix any bugs, errors, or issues in the app, ensuring it is fully functional, secure, and user-friendly.
  6. Deployment and Launch: After thorough testing, the app is ready for deployment and launch. This involves making the app available for download on relevant app stores or platforms and promoting it to the target audience.
  7. Post-Launch Support and Updates: Continuously monitoring and providing post-launch support to address user feedback, resolve issues, and make necessary updates to enhance the performance and functionality of the app.

How to Monetize the Trading App

There are numerous effective ways to monetize investment apps, and we will highlight some of the most popular ones. It’s worth noting that you can utilize multiple methods in your app, depending on your business plan and target audience.

In-App Purchases: Offer premium features, tools, or content as in-app purchases to users. This can include advanced charting tools, premium market data, or additional functionalities that users can unlock through in-app purchases.

Subscription Model: Implement a subscription-based pricing model where users pay a recurring fee to access premium features, services, or content within the trading app. This can be offered as different tiers of subscriptions with varying levels of benefits.

Commissions or Fees: Act as a brokerage firm and charge commissions or fees for executed trades or investments made through the app. This can be a percentage of the transaction value, a fixed fee per trade, or a combination of both.

Data Services: Sell access to market data, research, or analytics to traders or investors as a premium service. This can include real-time stock quotes, historical data, technical indicators, or other valuable data that traders can use for analysis and decision-making.

Referral or Affiliate Programs: Earn commission or referral fees by promoting third-party services or products through the app. This can involve partnering with other financial institutions, brokers, or service providers and earning a commission for each user referred or transaction made through the referral link.

To conclude, it’s important to acknowledge that there has been a notable decrease in the number of users and challenges faced by some trading apps. However, we believe that this presents an ideal opportunity to launch your own app. While your competitors are grappling with their issues, you can seize the moment to attract an audience and establish your presence in the market. By offering innovative solutions and a seamless user experience, you can position your startup for success and gain a competitive edge.

About the author 

Peter Hatch

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