How to build a stock trading platform: A step by step Ronas

At this stage, we have established the vision and mission of the product to determine what exactly will pique the users’ interest. Our team also analyzed the product, market, and audience, based on which we developed a robust strategy ready for implementation. Investing and trading used to be popular among the older generations. According to research by Investopedia, crypto is the most prevalent type of investment among millennials.

As practice has shown, in the process of developing such apps there is a need for an FAQ page and support. On the one hand, when you develop an application similar to what is already on the market, the audience already knows why they need such an application and how to use it. So, on one of the projects we created a whole portal with training materials — from the basics of trading to the strategies. Continue reading to learn about common challenges, benefits, and reasons to improve the user experience of crypto trading apps. Today, we’ll use our background with FinTech apps to tell you why UI/UX is so crucial for trading platforms.

Stages of trading application development

An average person is unlikely to use a complicated crypto trading app and will find a more user-friendly alternative on the market. It is a feature-rich tool that facilitates trading operations and helps traders improve their performance. The dashboard helps fetch a lot of useful data from various sources in real-time to perform market analysis effectively.

• The stock market provides an environment where market participants can confidently trade stocks at zero or low transaction risk.
• Trading applications of today let users borrow money or securities at predetermined interest rates.
• We have a large team of skilled software engineers, tried-and-tested workflow, and many successful projects under our belt.
• The phase of discovery was created to analyze all customer-side needs that are currently known properly and to estimate implementation-related work.
• Building a trading platform, you will be dealing with the sensitive issue of user data protection.

Our team started with the discovery stage, where we defined the design ideas following all best practices. We conducted user experience research and created the platform’s information architecture, developing a crypto UX design. When the Agile product development approach is applied, it’s required to begin the trading platform development by creating a sprint backlog of tasks. Consequently, developers will have a set of tasks for a certain period. In any case, it’s required to onboard them to a project and share all the information. All details about your project will help developers clearly understand how to build a stock trading platform you need.

Our design solutions streamline business processes and reduce expenses

Consequently, the demand for user-friendly and simple trading platforms is growing significantly, and building trading apps is a great business idea. The onboarding feature is implemented in apps to show how to use the product. It is very important to help users navigate and explain how to be an online trader.

We follow W3C standards to maximize product usage on any device and network. Limeup created a great design for us on time and within budget. They did a first-rate job taking care of every aspect of the production.

How To Create a Trading Platform

It should convince potential users to choose your platform over other solutions available on the market. Several aspects must be taken into account to estimate the price of developing a trading app. So, we have gathered the main elements that influence how much it costs to design an app listed below.

For example, there are 259 cryptocurrency exchanges like Binance. So, you’ll need a solid tech foundation and an appealing UI/UX to stand out. In 2021, the number of crypto application downloads climbed by 400% compared to the previous year. Consider that just the top five cryptocurrency apps in Google Play and App Store were downloaded 46 million times in 2021.

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Many countries or regions have their own legal regulation of data protection. To run safe payments on your platform, I recommend integrating certified payments gateway providers for protected transactions and user data — for example, Stripe. Additionally, the dashboard should provide real-time charts, and market analysis reports to help users to make better trades. A stock broker requested an audit of their internal platform and web, mobile, and tablet apps for end-users. If you are just beginning your dive into the world of IT and development, turning to an outsource agency may be the best option.

We have extensive experience working with crypto projects and want to talk about one of them. Zirra API — It grants access to more than 100 signals fortime series forecasting and cutting-edge insights created using machine learning . Finage API — It is a comprehensive financial solution that offers the opportunity to track the latest prices and convert currencies. Regulatory compliance — Financial sector is highly regulated and meticulously monitored.

Product Vision

Let’s begin with how to create a stock trading platform by understanding the type of apps. A simple application that gamifies the stock trading and investment experience, Robinhood idealized online trading as a must-do activity. Over 7 years of work we’ve helped over 150 companies to build successful https://xcritical.com/blog/autochartist-signals-in-xcritical-simplify-market-analysis/ mobile and web apps. When it comes to developing a trading app, you need a team of multi-skilled developers. More specifically, the team of developers you hire should master a wide variety of tech tools. Here is an approximate list of programming languages for developing a trading app.