# data[].attributes.attachment_caption
How to Make an App Like Snapchat | Protonshub Technologies

# data[].attributes.headline
How to Make an App Like Snapchat | Protonshub Technologies

# data[].attributes.subject
How to Make an App Like Snapchat | Protonshub Technologies

# data[].attributes.body
Ever wondered how to make an app like Snapchat? Everything is explained in detail in our blog! From how to create an app like Snapchat to the details of developing a social media app, we’ve got you covered. Plus, get an idea of the cost to develop an app like Snapchat. Connect: digital@protonshub.com for more details.

# data[].attributes.attachment_link.title
PPT - Creating an App Like Snapchat: Expert Insights and Tips | Protonshub PowerPoint Presentation - ID:13269542

# data[].attributes.attachment_link.description
Check-out the full guide on how to create an app like Snapchat. It includes development costs, necessary features, and the overall process. The guide covers everything from initial discovery and design to development and monetization strategies. Read full blog now! https://www.protonshub.com/blogs/how-to-make-an-app-like-snapchat-expert-guide-and-tips

# data[].attributes.headline
Ecommerce App Design and Development | Protonshub Technologies

# data[].attributes.subject
Ecommerce App Design and Development | Protonshub Technologies

# data[].attributes.body
Ecommerce app design and development combines user choices to increase satisfaction and loyalty. Discover the power of personalized shopping experiences with our expert e-commerce personalization services. Turn your e-commerce site into a customer-focused powerhouse with our help. To discover more, connect: digital@protonshub.com

# data[].attributes.attachment_link.readable_text
Download Presentation

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

# data[].attributes.attachment_link.title
PPT - Customized Commerce: Crafting Tailored Shopping Journeys for Each Customer PowerPoint Presentation - ID:13143029

# data[].attributes.attachment_link.description
Find out what is E-commerce personalization and why does it matters. Also find the benefits, best practices to implement and how to enhance E-commerce personalization for business. Read full blog: https://www.protonshub.com/blogs/e-commerce-personalization-customizing-the-shopping-journey-for-each-customer

# data[].attributes.headline
Ecommerce Website Development Services | Protonshub Technologies

# data[].attributes.subject
Ecommerce Website Development Services | Protonshub Technologies

# data[].attributes.body
Explore the latest trends in e-commerce website development services to stay ahead in the competitive online market. In this ultimate guide, we explore effective ways to optimize your e-commerce website for search engines, ensuring maximum visibility and traffic. To discover more, connect: digital@protonshub.com

# data[].attributes.attachment_link.title
The Ultimate Guide to Optimizing Your E-commerce Website for Search Engines

# data[].attributes.headline
Ecommerce App Development Company in India | Protonshub Technologies

# data[].attributes.subject
Ecommerce App Development Company in India | Protonshub Technologies

# data[].attributes.body
Thinking about how to make an online shopping app like Amazon? Our blog covers all the essentials you need to know. As a leading Ecommerce App Development Company in India, we share insights on design, features, and development strategies to help you succeed. For the full scoop, check out our blog https://www.protonshub.com/blogs/how-to-create-an-app-like-amazon and Get in touch at digital@protonshub.com to learn more.

# data[].attributes.attachment_link.title
How to Create an App Like Amazon | Protonshub Technologies

# data[].attributes.attachment_link.description
Find-out the major steps to develop an application like Amazon.

# data[].attributes.headline
Build a Stock Trading App | Protonshub Technologies

# data[].attributes.subject
Build a Stock Trading App | Protonshub Technologies

# data[].attributes.body
Ever wondered how to build an app like Robinhood? Our latest blog breaks down the key steps and strategies to create your own successful trading app. From design tips to development tricks, we've got you covered. For more details, read our full blog at https://www.protonshub.com/blogs/how-to-build-an-app-like-robinhood and get in touch at digital@protonshub.com to learn more.

# data[].attributes.attachment_link.readable_text
In the past few years, online trading apps have become a hot topic because they offer convenience and accessibility to stock trading. No more lengthy phone calls or tedious paperwork because people can manage their investments on the go.

Popular fintech apps like Robinhood have created this world. With over 22 million active users, this app has truly disrupted the traditional financial industry. One thing that has made Robinhood an attractive investment option is its zero-commission fee strategy.

So, if you are an entrepreneur who wants to create stock market app like Robinhood, you have come to the right place. This blog will discuss everything from cost to features, the tech stack, and more.

In this blog, we will cover:

Market analysis of trading apps like Robinhood

Must-have features of trading apps

How to create a stock trading app?

How much does it cost to create a stock trading app?

What are the best monetization strategies for trading apps?

Market Analysis of Trading Apps Like Robinhood

Did you know that Robinhood has acquired a total net revenue of $1.87 billion, making a 37% YoY increase? The app has also recorded 10.9 million monthly active users.

According to a report by Statista, the final quarter of 2023 contributed 471 million USD.

Here are some more stats that show the market potential and success of trading platforms:

The global market size of trading platforms in 2023 was $9.55 billion. This figure is expected to cross $16.71 billion by 2032.

The market is forecast to show a CAGR of 6.4% from 2022 to 2030.

Asia-Pacific is the fastest-growing region in the online trading platform market.

In the UK, the online trading platform market is predicted to grow at a CAGR of 8% between 2022-2028.

Must-Have Features of Trading Apps

Stock trading apps are equipped with multiple functions to meet user expectations and demand. Below are some of the most useful features that you must include in your Robinhood-clone app:

1. User Authentication

When you build a stock trading app, include a simple and secure login option. It will allow users to register via numerous options, like phone numbers, email addresses, usernames and passwords, biometrics, and social media platforms.

Government-approved trade protocols, guidelines, and regulations must be part of the authentication. It should allow users to follow the rules when they create and use their accounts.

2. Dashboard

The dashboard is a crucial component of the Robinhood-clone app. You must hire skilled developers to make an educational and user-friendly app dashboard. Make sure your users can access the dashboard straight from the app homepage.

Important information like the watchlist, balance, holdings, charts, order status, and user information must be displayed in the dashboard design. Do not pack the page with too much information. Be direct and concise.

3. Investment Portfolio Management

Users can track and manage their investments via portfolio management. They can also view and update their portfolios, receive alerts for changes in their portfolios, and access historical data. Users can make informed decisions about their portfolios when they have a clear overview of their investments.

4. Stock Trading Feature

Your trading app must have this core functionality so users can buy and sell stocks. In addition, your app must be user-friendly for placing trades. It should have features like real-time market data, order types, and the option to set price targets and stop-loss levels. The feature can streamline the trading process of stock holding, buying, and selling.

5. Search and Filter

Search and filter allow users to quickly find the stocks they're interested in. Users should be able to filter based on market capitalization, sector, and industry. By including this feature in your app, you can help users identify and track their target stocks without delay.

6. Watchlist

Users can monitor their favorite stocks and receive updates when the market changes via a watchlist. It also allows users to add and remove stocks, view real-time data, and set custom alerts. When users keep track of their favorite stocks, they stay informed about market trends and can make timely trading decisions.

7. News and Media

Users should know about market trends and news so they can perform successful trading. For this, you must include a section for news and media, which provides users with relevant articles, videos, and podcasts. When you provide a comprehensive news feed, you allow users to stay up-to-date on market events.

8. Transaction Management

Your app needs a transaction management system with features like transaction history, order status updates, and cancel or modify orders. What's more? This feature should also have options for setting custom alerts and notifications for specific transaction events.

9. Direct Order Routing

It's an advanced feature that allows users to place trades directly with the exchange, bypassing intermediaries. It includes options for market, limit & stop-loss orders, real-time market data, and order status updates. One can use this feature to ensure their trades are executed quickly and efficiently.

10. Push Notifications

Push notifications and reminders are real-time alerts that inform users of trades and market movements. When adding push notifications to your app, make sure it includes features like customizable alerts for price targets, stop-loss levels, market events, and reminders for upcoming events.

How to Create a Stock Trading App?

With its user-friendly interface and commission-free trading scheme, Robinhood has completely changed how people think about stock trading.

If you're wondering how to build an app like Robinhood, check out this in-depth guide, which covers all the necessary processes:

Step 1: Conduct Market Research

When creating a trading app, people skip this phase because they don't understand the importance of conducting thorough marketing research. Make sure you don't repeat the same mistake.

Before starting the development process, gain a thorough understanding of the stock market. You can conduct market research to predict future trends, identify a promising new feature, and choose a winning business model.

To simplify the process, try getting answers to these questions:

Why do you want to develop a trading app like Robinhood?

Who are you trying to reach?

What is your budget, and when would you like to launch the app?

What are your technical requirements?

Who are your competitors?

The answers to these questions will give you a basic idea of the market and help you plan your app development properly.

Step 2: Decide Your Development Approach

The second stage requires you to choose a reliable development strategy. You can either choose a pre-built module that allows you to quickly launch an app or build one from scratch.

If you are a startup with limited resources, you must use a pre-built module. While this approach will limit the scalability of your software, it will help you get started on your project in just one week. But if budget is not an issue, you can get an app developed from scratch.

Before starting with the development, decide on the operating platform that you want to launch your app on.

Step 3: Create UI/UX Design

After finalizing the app development approach and working on the roadmap, you should create a wireframe and prototype. Make sure the interface of your app is user-friendly, interactive, and easy to access.

Step 4: Choose a Software Development Team

Choose a reliable app development company so you can create a robust app like Robinhood without fail. Remember that the success of an app depends on the skills and knowledge of the developers you have hired for the project.

Make sure your team consists of a business analyst, project manager, app developer, UI/UX designer, and quality assurance engineer.

Step 5: Follow the Regulatory Requirements

When developing an app, you must adhere to regulatory rules to stay out of trouble and to lawfully operate your trading app. Your app should follow the anti-money laundering mobile app laws and requirements of various governments and financial organizations in various regions.

If you are planning to create a trading app in the USA, you must follow these legal requirements:

Step 6: Test and Deploy

The app development team can help you easily finish the coding process. After that, you can test the app to find possible issues. Your testing team should use both automated and manual testing approaches so your app can function as intended. After the testing is completed, you can deploy the app.

How Much Does it Cost to Create a Stock Trading App?

Are you wondering how much does it cost to build a trading platform like Robinhood? Well, it will roughly cost you between $12,000 and $15,000 and more.

Below are a few factors that affect the app development cost:

Trading app design

Tech stack and app type

Front-end and back-end

App features and functionalities

Launching platform

Development complexities and maintenance

Number of hired resources and their location

You can choose hourly-based engagement and pay developers accordingly. The picture below includes the price breakdown for each location:

Depending on the app's complexity, here's a rough breakdown of the trading app:

For a simple trading app with basic features, you need to pay $10,000 to $15,000. Development time can be around three months.

For a mid-level trading app with the necessary features, you need to pay $15,000 to $20,000. Development time can be between six and eight months.

For an advanced trading app with the latest features, you need to pay $25,000 to $30,000. Development time can be more than nine months.

What Are the Best Monetization Strategies for Trading Apps?

Instead of charging commission fees, traders are charged each time they trade. This commission is far lower than that at traditional brokerage firms, which makes Robinhood an attractive option.

Below are three of the best monetization strategies:

Commission Fees: Besides earning money from commission-based trades, apps like Robinhood charge interest on cash balances kept on the app. After customers deposit money into their Robinhood accounts, the company uses it to invest in low-risk, short-term assets to generate a return.

Premium Features: Apps like Robinhood offer several premium features, but they require a paid membership. These benefits include 24/7 customer support, access to advanced research instruments, and other benefits. To access premium services, you can provide clients with a weekly, monthly, or yearly membership.

Selling Data to Third Parties: Apps like Robinhood generate revenue by selling market data to third parties. As the company has an extensive user base, it generates a huge amount of money on trades.

How Can Protonshub Help You Develop a Trading App?

Still wondering how to create a trading app like Robinhood? Well, to build a trading app, you need an in-depth understanding of the market. You also need a reliable company like Protonshub Technologies on your side.

With more than 5 years in the market, our team of experts has gained quite some knowledge about the fintech industry. Our experts have worked with companies of all sizes. No matter how simple or complex your project requirements are, you can always trust us!

So, don't wait anymore. Reach out to us today and get started on your journey of building the best trading apps.

Frequently Asked Questions

# data[].attributes.attachment_link.title
Comprehensive Guide on Building an App Like Robinhood

# data[].attributes.attachment_link.description
From key features, steps, and costs to the best monetization strategies, learn everything about building an app like Robinhood.

# data[].attributes.headline
Average Cost to Hire Software Developers in India | Protonshub Technologies

# data[].attributes.subject
Average Cost to Hire Software Developers in India | Protonshub Technologies

# data[].attributes.body
Curious about the average cost to hire software developers in India? Our blog breaks down everything from legal and regulatory concerns to the software developer's hourly rate in India. Get all the insights you need to make an informed decision. To understand more, see our full blog at https://www.protonshub.com/blogs/cost-to-hire-software-developer-in-india, and write digital@protonshub.com to learn more.

# data[].attributes.attachment_link.readable_text
Download Presentation

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

# data[].attributes.attachment_link.title
PPT - Cost to Hire a Software Developer in India | Protonshub Technologies PowerPoint Presentation - ID:13406252

# data[].attributes.attachment_link.description
Here is the full guide to hire a software developer in India. Here they have provided insights and factors influencing developer salaries, including skill levels, experience, and project requirements. Read: https://www.protonshub.com/blogs/cost-to-hire-software-developer-in-india Slideshow...

# data[].attributes.headline
Best Mobile App Development Framework | Protonshub Technologies

# data[].attributes.subject
Best Mobile App Development Framework | Protonshub Technologies

# data[].attributes.body
Explore the best mobile app development frameworks and find out why Protonshub Technologies stands out in the industry. Get insights into the latest tools and technologies driving innovation in app development. Read our blog for a comprehensive guide. To know more, connect: digital@protonshub.com

# data[].attributes.attachment_link.readable_text
Download Presentation

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

# data[].attributes.attachment_link.title
PPT - Best Mobile App Development Framework | Protonshub Technologies PowerPoint Presentation - ID:13429567

# data[].attributes.attachment_link.description
Discover why React Native is the top choice for mobile app development in 2024 and how a React Native app development company can elevate your project. Check out our blog at https://www.protonshub.com/blogs/react-mobile-app Slideshow 13429567 by It_Services88

# data[].attributes.headline
CMS Development Company | Protonshub Technologies

# data[].attributes.subject
CMS Development Company | Protonshub Technologies

# data[].attributes.body
Discover how Protonshub Technologies, a leading CMS development company, can transform your web management experience with customized solutions. Learn about the latest CMS tools and strategies to enhance your digital presence. Read our blog for a comprehensive guide. To know more, connect: digital@protonshub.com

# data[].attributes.attachment_link.readable_text
Download Presentation

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

# data[].attributes.attachment_link.title
PPT - CMS Development Company | Protonshub Technologies PowerPoint Presentation - ID:13429707

# data[].attributes.attachment_link.description
Read our detailed guide on Content Management Systems (CMS) and get professional advice on selecting the best CMS development company for your requirements. For additional information, visit https://www.protonshub.com/blogs/an-in-depth-guide-to-content-management-syste to read our blog!

# data[].attributes.headline
AI in Fitness Apps | Protonshub Technologies

# data[].attributes.subject
AI in Fitness Apps | Protonshub Technologies

# data[].attributes.body
Discover the future of fitness apps and the critical role of AI in mobile app development by reading this fascinating blog. Learn how AI-powered features, such as customized workout recommendations and detailed performance data, are changing the development of fitness apps. To discover more, write: digital@protonshub.com.

# data[].attributes.headline
On-Demand Delivery App Development | Protonshub Technologies

# data[].attributes.subject
On-Demand Delivery App Development | Protonshub Technologies

# data[].attributes.body
Looking to develop an on-demand delivery app? Protonshub Technologies has you covered! Our blog explores everything you need to know about on-demand delivery app development, from features to best practices. Discover how we can help you build a seamless and efficient solution tailored to your needs. For all the details, check out our blog and write digital@protonshub.com to know more.

# data[].attributes.attachment_link.readable_text
Download Presentation

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

# data[].attributes.attachment_link.title
PPT - How to Build an App Like Robinhood | Protonshub Technology PowerPoint Presentation - ID:13376999

# data[].attributes.attachment_link.description
Learn how to make an app like Robinhood with best monetization strategies for a trading app. Read full blog https://www.protonshub.com/blogs/how-to-build-an-app-like-robinhood. Slideshow 13376999 by It_Services88