How Much Does it Cost to Develop a Trading App like Robinhood?

Nowadays, there is a rapid increase in the number of investors in stock trading apps. Investors prefer stock trading applications to invest in the stock market as these applications are quick, secure, and easy to implement and provide real-time updates. Users can quickly browse anytime, anywhere, and earn huge profits.

Most investors want a reliable stock trading app with verified data analysis. The problem identified by investors is that the analysis provided by established rival companies is inadequate. Top FIntech App development companies in USA

So, businesses can now offer customers an app that will give them the best advice possible. That way you can get more investors to your app.

Your profit will always stay high from the cost of building a stock trading app. While a stock trading app is useful in providing users with better security and simplicity, it can help investors earn huge profits. The main concern for many investors is the uncertainty in the stock market.

You don’t need a broker when you have a stock trading app on your mobile phone. So, if you earn a profit, it will only come to you and the app owner. The stock trading app is good for both parties.

If you talk to a broker, you have to pay him or her a certain amount of money, but with the app, you don’t have to pay anything to anyone.

Features of the most popular stock market apps

Even if it’s free for users to become investors and now start trading stocks through apps, to deliver better overall profits, a trading platform like E-Trade or Robinhood still needs to add premium features and other useful measurements. Let’s take a closer look at the basic features of E-Trade Robinhood and other free stock trading applications.

Online dashboard. In an adaptive portfolio dashboard, a user can view segmented data, which enables goal tracking for progress and improving the user experience.

Real-time streaming of stock quotes and charts. This is the feature that is also available on a dashboard. Furthermore, the available data can be automatically updated every second in modern systems for more accurate analysis, pricing results, and effective strategies.

Stock screeners/stock scanner. Screening should yield positive results: the aforementioned charts and quotes with all sorts of fundamental, technical, and descriptive metrics are derived to take advantage of when stock-picking.

Check out the lists. They typically allow you to view stocks to plan further investments and show users price, volume, bid price, and percentage changes. Checklists are an essential ingredient for conducting extensive stock research.

Update on the market. It’s important to make more informed financial decisions. Relevant and timely information created on the user’s watch list found right in their stock trading app helps with that.

Calendars and stock reports. Real-time tracking and 24/7 availability of what users expect from stock trading apps. Naturally, it’s important to keep up to date with various alerts.

How much does it cost to develop a stock trading app like Robinhood?

Building an action trading app is a complicated process and also risky. It also takes time to analyze a stock’s real-time price. This means that calculating a cost will be a big undertaking because aspects like the app platform, features, UI, and tech stack have an impact on the project budget.

However, we were able to calculate a rough price, considering the technical and business aspects of developing a trading app like Robinhood . Also, the Stock app development price drop can drop from $30000 to $80000 and then can exceed this level based on the project vision.

Therefore, it can take a lot of time, or about 1000 hours, to build a stock market investing app with basic features, a systematic development process, testing, and quality assurance, along with creating a profitable app.

UI/UX Design $6000Native development $ 13000Backend development $6500 Testing & QA $9000Project Management $2500Total $37000.

Also Check: Best Stock Trading Mobile Apps in The USA