How to build an online stock trading app?

Today’s generation believes in investing with fast and much better ROI. So, the stock market is the first thing that comes to mind. Also, they want everything in their smartphone.

Today’s generation believes in investing with fast and much better ROI. So, the stock market is the first thing that comes to mind. Also, they want everything in their smartphone, so that they can play it fast, easily and more importantly they do mind having ‘brokers’ or ‘middlemen’. So, the emergence of online trading apps started to boom recently all around the world. Now, many brokeraging companies are jumping into online trading apps for their customers. PragetX has served many clients with different trading platforms.

What is an Online Trading App and how to Monetize it?

Online trading is the platform to purchase and sell stocks through the app, websites or both and can help manage all investment portfolios in one place. Easy to access, can manage from anywhere and at any time. Nowadays, they even include tutoring videos to teach novice traders on how to do risk-free investment. If their stock trading applications are made in an automated way, then it is easy for each and everyone to understand an app and people can trust the process for sure.

The process in every stock trading application is the same:

  • Firstly, register and links the bank account;
  • Sets up a one-time transfer or periodic deposits;
  • Then, buys the stock of your choice once the current trade come up on the screen;
  • Sell stocks (this option works almost the same as buying).

The main monetization part for such applications comes from interest and brokerage charges. The system charges interest on deposits, user transactions, and stock transactions. This strategy can be combined with the freemium approach. Some features are available without any charges, but after a certain period of time, it is paid.

Other income sources are:

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