Once upon a time, trading was done manually only. It was very difficult and very far from our convenience. Many markets are improving as a result of technological advancements, and the financial sector is no exception.
People place their money and pay in numerous ways. Some people prefer to invest their money in financial transactions by purchasing stock in various companies, while others prefer to keep it in common and valuable reserves.
People have complete faith in apps. It makes the market more accessible by allowing users to simply manage their virtual portfolios in a given environment. eToro is the most user-friendly trading platform.
Scroll down for additional information about stock trading mobile app development and end-user usability. Learn how to create a stock trading app similar to the Trading App Like eToro.
How Do You Create An App Like eToro?
Trading app development like eToro can be a challenging project that demands programming and software development knowledge. Here are a few key steps to take to develop your trading app:
Choose your Target Audience
Before you begin to develop your trading app, you must first choose who your target audience is. eToro primarily serves retail investors interested in investing in the stock market or cryptocurrencies, but it also attracts traders and professional investors. You have to understand who will use your app and what features are a must for their ease of use.
List out the must-have Features
After identifying your target audience, the following stage is to plan the app’s features. A trading platform, social trading, instructional tools, real-time market data, and portfolio tracking are some of the must-have features you should include in your app.
Select Technology Stack First
The next step is to choose the technology stack dependent on the features of the app. To deliver efficient and trustworthy trading platforms, stock trading applications frequently use a combination of technologies. To add real-time data to your trading app, you have to select an API to offer such data.
Set up your App Development Team
The success of your trading app depends on the talents and knowledge of the development team you select and organize. Your team should have
JavaScript Web developers, Designers of user interfaces, Android testers and developers, Swift programmers for iOS development and so on. Choose your team wisely.
Include Social Trading Elements
One of the reasons for eToro’s popularity is its social trading function. eToro has made it easier for new investors to invest in the stock market by allowing users to imitate the moves of professional traders. Hire dedicated mobile app developers who can add social trading functionality to your software.
Maintain Security and Observance
Trading and investing platforms are subject to strict rules. You have to take care of the things that your app complies with them. Moreover, you have to give a guarantee about your app’s safety and security of the user data.
Test and Release Your App
Testing is very important after the development. You’ll need to thoroughly test it to ensure that it works as it should. You might also wish to run beta testing with a group of genuine people to get feedback. When you’re finished, you can submit your app to app stores.
Maintain and Improve
The job does not end after your app is out. You must monitor user feedback and app performance and make necessary improvements. Regular updates and bug fixes will be required to keep your program competitive in a crowded market.
Bottom Line
We know you’ve come this far with the intention of creating a fintech app similar to eToro, but you’ll need the best trading app development company on the market. Hire a reliable trading app development company to help your business in this fiercely competitive environment.