How to Create an Investment App? An Innovative Ideas Guide

The skyrocketing stock market and people investing in it as a hobby have absolutely widespread this new tendency. The market shares and capital have been snowballing as people are keen on taking the best chance to earn double returns. The most interesting part – they constantly try with risks to make double the profits of the investment.

Capital spending has benefited the stakeholders with the expectation of receiving higher returns. But, keeping an eye on the fluctuating shares and calculating risks has always been a restless game.

Facing unpredictable business losses and prices reflected in the stocks will be a part of the stock trading market. So to make it easier, various custom mobile app development services came up with an idea – to create an investment app.

An investment app is a trading platform that helps them into fund decisions as a money-saver. This is one of the trending money-making mobile apps adopted by startups and even established finance apps.

In this blog, you will learn about the basic features, types of investment apps, and how to create an investment app.

Must-have Features for an Investment App

Registered User Profile

Before kick-starting with capital funding, the user’s account details registered in the app will direct funding in one go. All their transactions, investments, withdrawals along gains would be in a click. This function will make the fund transfers quick and efficient.

Trading Management

This is the most important feature to create an investment app. It enables users to efficiently oversee and control their investment activities. The feature typically includes tools for order placement, monitoring stock prices, tracking portfolio performance, setting take-profit orders, and accessing historical trade data.

This feature empowers traders to make informed decisions, implement strategies, and manage their investments effectively within the app.

Market Insight

Breaking down the difference between several stocks is a highly calculative task. Moreover, ever-changing trends are difficult to track as the prices can change anytime. So to keep updated with this pace, apps like Acorns have a market insight feature for graph visualization of the stock prices.

Funds Withdrawal

The funds’ withdrawal feature allows users to transfer money from their brokerage account back to their linked bank account. It provides a seamless and convenient way to access profits or withdraw funds as needed. Users can specify the amount they wish to withdraw, and the app typically ensures secure and efficient processing, making it easy for investors to manage their cash flow.

Push Notifications

Like any other mobile app, this feature is similar but with different purposes. It sends real-time alerts to users about important market events, price changes, and account activities.

These notifications are typically customizable, allowing users to stay informed about specific stocks, market news, or account updates. It helps traders make timely decisions and stay connected to the financial markets, ensuring they don’t miss out on crucial information impacting their investments.

Customer Helpline Support

The CRM feature provides users with access to customer service representatives who can assist with inquiries, account issues, and technical support. It offers direct communication as an assistance for users to resolve problems, and get answers to their questions related to trading, account management, or app functionality.

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What are the Types of Investment Apps

Banking

The banking app is a direct way of capital funding in stocks. The app allows users to link their bank accounts for quick and secure deposits and withdrawals. It simplifies the process of moving funds between a user’s bank and investment accounts, enabling a trouble-free, efficient, and reliable way of trading stocks and other securities.

Robo-Advisors

A robo-advisor in an investment app for trading stocks is an automated platform that uses algorithms and user-inputted information to create and manage an investment portfolio. It selects and allocates stocks and other assets based on the user’s financial goals and risk tolerance, aiming to optimize returns. Robo-advisors offer convenience, lower fees, and a hands-off approach to stock trading, making them accessible to a wide range of investors.

Exchange Platforms

Exchange platforms facilitate the buying and selling of other assets besides stocks. The users can exchange cryptocurrencies, commodities, ETFs, and other securities. These platforms allow investors to freely experiment with stock exchanges, allowing them to place orders, view market data, and execute trades in real time. They provide access to a wide range of financial instruments, making it convenient for users to manage their stock portfolios and participate in the stock market.

Development Process to Create an Investment App: Explained in a Few Steps

Identify the Gaps in the Market

There is generally a gap in the market that is overlooked by most of the startup companies. So looking in-depth at the industry, you can have the opportunity to create an investment app, i.e., the solution to the hiatus. Conducting market research will give you the needed ideas.

Choose the App Monetizing Method

There are numerous ways of directly or indirectly earning expected revenue. The most common ones are:

Trading commissions
Subscription plans
Robo-advisor fees
In-app advertising
Initial Coin Offerings (ICO)

There are more than these listed methods. However, consulting a Finance app development company can guide you in going ahead with the right one.

Select the Suitable Platform

Many of the mobile apps are functional according to the platforms they are built for. Some are cross-platform apps, and many of them hire iPhone app developers for iOS particularly. While some other businesses hire Android app developers as well. But for that, you have to decide your target users.

List Down the App Features

In any investment app, user engagement is crucial to keep the app generating revenue. Setting up an eye-catching theme, colors, and importantly, the highlighting features of your app. For such MVP development, shortlist and plan the business goals, strategy, and focus of the app.

Ask for the Necessary Integration

API integration is the backup support for maintaining the app’s functionality. To create an investment app, a finance app development company can affiliate the platform with third-party finance data providers. This will enable real-time data, scalability of multiple users, and seamless features.

Compile with Regulations

Keeping your app abided by the laws can prevent it from all the trouble, and this is the core of all investment apps. Registering as a broker-dealer will increase the authenticity of the online trading platform. Follow the regulations such as the Financial Industry Regulatory Authority (FIRA), Anti-Money Laundering, and other required regulatory laws.

Talk About the Costs

Mobile app development costs are different with every service. Given that you might have a fixed budget, being clear on the costs per service will clarify the suitable app development company to on-board for your project.

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Examples of Popular Investment Apps to Look for Your Project

Robinhood

While mentioning the investment app, Robinhood is a well-renowned online trading platform. The app is commission-free which is why most of the users find it to be reliable. It offers real-time market data and the exchange of securities and EFTs.

Betterment

Betterment is a popular financial technology platform and robo-advisor that offers automated investment and financial planning services. It helps users create diversified portfolios tailored to their goals and risk tolerance, providing a convenient and low-cost way to invest for the future.

Binance

Binance is a cryptocurrency exchange platform that provides a mobile app for trading a wide range of cryptocurrencies. Users can buy, sell, and trade digital assets, access market data, and manage their cryptocurrency portfolios through the Binance app.

Hire an Experienced Custom Mobile App Development Services

The influence of profiting from simply investing in shares has gained massive attention. And this trend will remain relevant even in the coming times. Looking at its bright potential, several businesses and emerging startups hire dedicated developers after foreseeing the advantage of this mainstream domain.

Likewise, you can too. Approaching a finance app development services in India can sort for innovative app design. Their range of services and expertise will provide you with ample options to create an investment app. Simply researching the market gap and the area of opportunity can give clarity in deciding the workflow of the app.

FAQs

How do investment apps work?

Investment apps are online trading platforms with many options for you in different investing securities such as bonds, SIPs, mutual funds, stocks, commodities, and many more. These mobile finance apps showcase real-time updates of each share price, comparison, and past shares history.

Is the investing app safe?

The safety of an investing app depends on various factors, including the app’s security measures, regulatory compliance, and the user’s own actions. Reputable investing apps use encryption, authentication, and regulatory oversight to protect user data and assets. Users should also employ strong security practices, such as using unique passwords and enabling two-factor authentication, to enhance safety.

How do I make an app like Acorns?

The online trading app can be built with various themes and elements combined. From the investment perspective, you can set up a UI/UX design, API integration, mobile platform integration, functionality, and so much more. This all is decided depending on your app’s workflow chart. Later, consulting a mobile app development company can help you to structure the app.

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