HOW TO CREATE AN INVESTMENT APP

Creating mobile applications is not a complicated business nowadays. There are many people who can make the best mobile investment app for you.

If you want to develop a mobile app with very specific categories like communication, investing, socializing, and much more then diligent efforts are required.

Investing, in particular, is an area that is often overlooked due to the high level of complexity and investment involved.

How to make an investment app is a question that needs a complete answer.

The history of this investment is centuries old. As we progress and become more addicted to technology, our lives have gotten a lot easier.

Previously, anyone who wanted to invest or trade in stocks had to go public and take a photo. So it's time to call your online broker and start investing.

Today you can always call your representative to invest, trade, or withdraw your investment. But there is an easier way. Many mobile apps on the market allow you to bet with your own money, giving you complete control over your actions.

Investment apps, like other money apps, are gaining popularity among the masses. The need for financial literacy has grown over time and no one has emphasized it enough.

With easy access to investment apps, anyone can learn new techniques and earn money on the go without the hassles of traditional times.

There are some important factors to consider when attracting online application investors.

• Presence of potential competitors
• Audience size
• Targeted audience
• Unique selling propositions (USP)

In the continuation of this article, we will take a closer look at these factors and see why they play an important role in the success of mobile investing applications.

So if you want to learn more about building investment apps, this article is for you.

Is Building An Investment App Worth It?

Building an online investment app is not a gamble, especially if 80.63% of the world's population has access to a smartphone.

Finding money, how to get in and out, and making fast transactions around the world has never been easier. Buy, sell, trade, invest or send anywhere in the world with simple clicks and clicks.

Previously, only educated seniors (mostly men) could invest in stocks while watching the ups and downs.

Today, it doesn't matter whether you're a housewife who spends most of her time unproductive or a teenager who wants to get rich. You can easily visit the mobile app store and search for the best investment apps like Robinhood to download and start your journey to financial freedom.

What Are The Must-Have Features Of The Investment App?

Finding the best investment plan is not a problem. However, creating an investment plan that is rich and powerful is a task that requires a lot of work.

From understanding the user's position to ensure smooth operation. From user-friendly experiences to adding value to end users' lives.

All aspects must be considered to ensure that the program does not fail, is not perfect, and serves exactly the purpose for which it was written. Above all, here are some aspects that you cannot ignore while building an accessible investment application.

• Work faster
• Focus on improving the user experience
• Provide a safe and comfortable platform
• All modern features

Which Type Of Investment App Are You Looking To Build?

There are many types of mobile investment apps. Whether or not you can do that depends on who you are.

So, before we talk about the more specific features you need for your app, let's talk about the types of investment apps. This not only gives you an idea of ​​what they are but also gives you a clear idea of ​​what type of investment app you prefer.

1. Trading Apps

The trading app, also known as an exchange-traded fund app, allows you to invest in stocks over which you have complete control. Users can view, discuss and participate in stock trading. If necessary, you can also perform related actions.

Examples of trading apps: Robinhood, Stockpile, Webull, Vanguard

2. Investing Apps

The investment app serves the primary purpose of connecting investors and brokers. You can find both on the forum. These investment apps make it especially easy to get advice. So whatever your investment needs are, this app will meet you.

Examples of investing apps: Invstr, Betterment, Acorns, Wealthbase

3. Banking Apps

These are usually programs administered by banks and regulators. These programs typically have all the features that allow end-users to perform all banking and related tasks through the application. These programs may have additional features.

Examples of banking apps: PNC, Capital One, Chase, Ally

The types of mobile investment apps discussed above are the main ones. The application can have the capabilities of multiple applications. You can create mixed versions of these apps to your liking.

Top 8 Investment Mobile Apps Case Studies

Before you start developing your app, it's a good idea to analyze your competitors. This way you can see what works for your target audience. It will also give you a better understanding of what can be done to further improve the solution.

We've put together a list of the 8 best investment apps to consider before building your own.

1. Wealthbase

If you are looking for a newcomer to the market, then Wealthbase is the app you are looking for. The app has a super-simple interface that makes the users feel at home. This is also one of the attractive features of the app.

The simplified interface of the Wealthbase app allows users and investors to move from one screen to another without getting bored. Many other features of the application make your overall experience perfect.

2. Acorns

If you're looking for a really great investment plan to handle all your investments, Acorns is the answer. This application is one of the most famous applications in the investment industry.

You don't pay a penny for all the important services. You only pay if you need to use a particular service. The amazing features of acorns bring an immersive experience.

3. Robinhood

If you're a no-nonsense person who likes to keep things simple and straightforward, you'll love Robin Hood. Robinhood Investments App makes online transactions easy by introducing mobile app enhancement features.

The benefit of managing free stocks without EFTs, digital currencies, or commissions really throws the ball in Robinhood's court. There is no option to seek expert advice in the app, but there are other useful features available.

4. Invstr

Say what you want, like Investor or Invstr. They both look the same. This invstr app is the best app if you want to know how to invest. All tutorials and features to help you get started.

Invstr can guide you quickly at first, and if you're an expert, you'll still have all the options you need to improve. Fantasy Finance by Invstr lets you learn how to handle money and manage everything from one app with full support.

5. Wealthfront

Wealthfront is at the forefront of managing and maintaining all your finances. Whether you have a large portfolio or are just starting out with a broad understanding of technology, Wealthfront has a solution for you.

Wealthfront investment plans are designed adequately to capture all the details of your tax records, savings accounts, retirement plans, and other related plans. If you exceed certain limits or request premium services, the program will charge you a significant amount.

6. Betterment

If there's an investment app that wants to make the world a better place, it's Betterment. The app is designed to provide great advice to users and promote healthy social change by focusing on the smallest details.

The app has several innovative features that will allow users and investors to make the most of it. Automation, high-value stock identification, stock market offerings, and many other features make Betterment a better option in many ways.

7. Stockpile

The amazing Stockpile feature, which lets you send posts to friends, family, and loved ones, has suddenly come to the fore. Overall, this investment app adopts a unique approach to investing in the form of a mobile investment app. This is one of the factors that make more and more people use it.

The best feature of the Stockpile mobile investment app is that investors and buyers can buy a share of the company's stock. This allows you to buy stocks with small investments if you don't have the money to buy a lot of them. It also serves as a starting point for whatever you need to get started.

8. Webull

Weebly is a well-known name in the mobile investment app league. This prestigious investment has provided investors and users with completely free trading opportunities with maximum transparency at the initial stage. Some features of the app today require a small fee.

The app also supports free cryptocurrency trading including Ethereum, Bitcoin, and more. Webb also allows you to consolidate your tax accounts. Also, the IRA and other similar benefits straighten your financial limits.

Steps To Build A Great Mobile Investment App

Creating a great investment application is a risky and time-consuming process. You need to make sure that each step and each phase is properly managed. If you want things to be perfect for end-users, you will have a chance to do it quickly after this process.

1. Write down your ideas

2. Information gathering

3. Research potential competitors

4. Set goals

5. Hire a development company

6. Create and finalize your design

7. Choose your preferred technology

8. Start developing an investment app

9. Test your investment app

10. Launch the app for audiences

The above steps called Dutch look at how to build strange investment applications. Let's talk in detail and say something about every step.

1. Document Your Idea & All The Features

The first step is important if you do not want to move on to the next stages. You must first discuss and write down all the ideas and features you have in mind. List everything - from the selection of color themes through the selection of the number of screens to some unique functions.

This step is important because once it is documented, you have an explanation for creating what you know. You will know how much time the project needs and how many streams you can allow during the development phase.

2. Information Gathering

Once you have completed the brainstorming and documentation section, the next step is to gather information. To gain concrete and valuable knowledge and ideas, you need to go through a few steps. From reading scientific articles to visiting multiple forums to meeting individuals and conducting surveys - you have to do it all.

In addition, to ensure that the information you collect is valuable, you must have a certain level of information analysis skills and retain only those parts that are relevant and useful. This step is very important again and it depends a lot on what you build in future phases, so you have to make sure that you go through this step with great caution and be careful.

3. Research Potential Competitors

If the plans go to the market, a compulsory step cannot skip you to study your competitors. You should not always restore the wheel, just like you don't have to bring something new to the market.

This step regularly remains for each industry and every project. You just don't understand what works for your competitors, but you also understand where they are lost and you can get it. This is one of the reasons why you should not skip studying your competitors.

4. Set Goals

After all the previous steps, it is now time to run your goals and where you want. You want to build a mobile investment application for a limited public or go on meat or otherwise determine that your goals are important.

Furthermore, after you know what you want to build, and where you want to end and end up, the passage can be clear and easily follow you. For example, if you are trying to go from point A to B, you will only be successful if you know two points. Here you can only decide on the road to trot.

5. Hire A Development Company

It's nice to have a solid idea, but to create a complete investment application you need a team of technical experts, designers, developers, project managers, and other people. If you decide to start the development process, you have two options.

You can first join a group of individuals with different skill sets. Second, you can entrust your project to an experienced application development company to build your application. The second option is always better because you save a lot of time and effort that you could spend elsewhere in a more productive way.

6. Create And Finalize Your Design

When you hire a team, all you need to do is monitor or oversee their efforts. We can also provide occasional instructions as needed. To start an online investment app project, you need to start working on your design first.

The design phase includes the steps and features completed in steps 1, 2, and 3 above. Designers and administrators view and work on the stages. This is mainly functional in the front design, including the user interface (UI) and UX (User Environment). The construction phase is a step of all screens of all investments and other designs.

7. Choose Your Preferred Technology

As soon as your design is done, it is now important to choose technologies for your mobile system application. Here you get more options. We go one after the other.

Native App Development

• If you are looking for original mobile device applications, both are a platform, iOS or Android, you will get the following options.
• Investments are used for the development of original Android applications for technicians or languages. These include Java and Kotlin. Java is an old language, while Kotlin is a new popular acquisition around the world.
• The initial investment, technicians, or languages ​​are used again to develop IOS issues. These languages ​​are Objective C and Swift. As with other operating systems, greater target, but one thing is a quick language which is a little strong technique.

Hybrid App Development

• If you are trying to create a hybrid app, it means using multiple operating systems that use an icon base. Develop the hybrid mobile app. Choosing the development of combined programs is as follows.
• Your first choice for the development of hybrid mobile applications is Flutter. This Google Development Technology is an easy-to-use development toolkit that allows you to design and develop great applications. Use the DART language to create apps.
• The second option is for the development of hybrid mobile apps in React Native. This is an open-source framework based on JavaScript, supported by Facebook (Now Meta). This is used to build strong and beautiful hybrid apps for various operating platforms.

There are also other hybrid app development technologies like Ionic, TypeScript, and other hybrid apps, but there are very few developed domain units around the world.

8. Start Developing An Investment App

Have you chosen the right technology stack for your application based on your needs? Excellent.

Now you can start with the development of your application. From the creation of the frontend to the backend, to the XML for the layout and small animations, everything will improve the overall experience of the app.

Once you're done with the frontend, backend, layouts, and API, integrate all modules so they work in unison. Integration is usually not as easy as it sounds, but some variable settings, path correction, and speed issues can be resolved without a hitch to continue smoothly.

9. Test Your Investment App

Did you create the complete app you wanted? Perfect.

No software is perfect unless it's QA-ed. To make it flawless, you'll need to run extensive testing across multiple standards to make sure nothing goes wrong when you're out with users. From load tests to functional and non-functional tests to white box and black box tests, every step needs to be worked out.

Also, don't forget to test your app against modern cybersecurity threats because you don't want your app data, or even your users' data, to fall into the wrong hands. There are several independent security and penetration testers you can hire, but ideally, the app development agency you hire should provide these services.

Also, to fully test all the features and functions of the application, you can use usability testing techniques to be sure of each part. Even a beta version of your app can work quite well.

10. Launch The App For Audiences

Last but not least, you can release your app to the world. You can choose Apple App Store or Google Play Store or both for your Android and iOS apps.

To release or publish your app, you have to follow some rules during the development phase. There is nothing to worry about as professional application development teams usually meet all of these requirements.

Also, if you feel that once you start the application, your work is done, you may want to reconsider this thought. Because once you have an active audience on your app, you should always be on the lookout. You have to be prepared because you never know when a problem arises.

This is why you should also get support and maintenance services for your application.

How Much Does It Cost To Create A Mobile Investment App?

When it comes to creating an application, there are variables that application development depends on. Here are some.

Chosen technology stack

• Level of expertise required
• The scale of the application/audience
• Usage of external services
• Time required to build/number of hours
• Features and functions of the app
• Safety and security features

These are some of the factors that affect development costs. Some more specific features and services can increase or decrease costs.

A typical business solution mobile app can cost anywhere from $ 40,000 to $ 70,000. A feature-rich app can also cost you up to $ 100,000 and upwards.

However, when it comes to building an investment app, you should be in the range of $ 100,000 to $ 150,000 or maybe more depending on the requirements and features you are looking to offer.

How Can You Make Money As An Investment App Owner?

There are several ways to make money via a mobile investment app, besides investing in stocks yourself. This process is technically called monetization.

1. Ads Placements

There are several ways to make money via a mobile investment app, besides investing in stocks yourself. This process is technically called monetization.

2. Paid Subscriptions

This is one of the most useful and widely used methods around the world. You can offer paid subscriptions or premium accounts to users. That way, they can start buying stocks, investing in them, and trading them whenever they want.

3. Transaction Fees

One obvious way you can make money through an app is the commission it charges for each transaction. This can be a fixed amount or it can vary depending on the size of the transaction. You can also design your rate based on multiple plates.

Takeaway

We agree that this is a lot of content to read, consume and understand. However, everything we have written above is important. To create a great mobile investment app, you need to make sure that all the ingredients are present and combined in the right way.

Creating an app often gets too hectic, and that's when you should leave it to the pros. While you shouldn't entrust them with everything, it would be great to let them handle a lot of things.

An investment application is a sophisticated system that requires a lot of effort, technical knowledge and experience. This is why a professional app development agency should be hired for the job. Rest, you can always guide them or tell them your ideas on development.

Finally, you need to make sure that all of your ideas and features have a solid foundation and cover the maximum of areas so that you never go wrong with any aspect of the app. Know your target audience, know what they want and build accordingly for them, and it will only be a matter of time before you are successful.

The era of app investing and digital investing has just begun and you shouldn't let the opportunity go unheard. Turn your idea into reality; Make it count!