TRobinhood is a mobile app that enables users to conveniently purchase and sell stocks, financial assets and cryptocurrency. Founded in 2013 by Vlad Tenev and Baiju Bhatt, Robinhood has gained immense popularity in a very short time and become the popular choice among investors.
Additionally, it facilitates unpaid trading of stocks, cryptocurrency, ETFs and multiple options to invest. Users may install the Robinhood–stock trading app from play store and app store without any hassle.
Moreover, it’s user-centric and eye-catching interface attracts the users to utilize the app by investing with a few dollars and track the investment. It's crucial to keep in mind that investing always entails some risk, and Robinhood is currently under fire for its methods and standards.
Let’s now check out the current stats and facts about Robinhood app:
Now that you know how popular Robinhood apps are, it is the correct time to invest in crypto app development. All you need to do is contact a reputed firm like Dev Technosys who would build an app like Robinhood with the latest technologies.
Want to know the visuals of the Robinhood app? Its enchanting and eye-catching green interface attracts users for safe investments in stocks and trading. Explore the glimpse of an amazing stock trading app like Robinhood.
As you know, the success of any app relies on its features and functionality. So, let’s discover the amazing and unique features of an app like Robinhood which makes it stand out from others.
This feature enables users to make an account by signing up and filling all the necessary details. It is vital that you must integrate multiple registration options. For example, contact number, social media account, gmail account and so on. You should keep the registration process simple.
With this feature, users can be able to monitor their investments and check how well their portfolio is executing without the interruption of an agent. Users can easily link to financial data API and compute the working of the portfolio. With this feature, users can conveniently purchase or sell the stocks.
The performance of certain stocks or other financial instruments may be seen and followed by users. Connecting to the financial data API is a critical element of the app creation process since it will allow the app to access current information for the charts.
Real-time alerts like push notifications and reminders keep users up to date on the most recent events. They include details on dividend statements, earnings history, and updates on the news.
Integrating multiple payment methods in the app enables users to secure payments regarding stocks. So, it is vital that you must hire mobile app developers who can integrate multiple payment gateway options like debit/credit, net banking etc in the app.
Dashboard offers users a customized view of their portfolio as well as other pertinent data. They can check the watchlist, holdings, balance, order status and many other information from dashboard features.
Search and filter allow users to simplify buying and selling of stocks. After removing extra data from the record, users may more effectively organize everything and determine stocks. The time users spend looking for suitable data will be reduced by using this feature. So, you should integrate this feature in your app.
With this feature, users can conveniently add or delete the stocks from their watchlist. This may be done by using a form or search engine that asks the user to provide the ticket sign of the stock they wish to add or delete.
All of the critical user information is encrypted by the app's well-established security mechanism. So, if you are creating a trading app, you should also integrate such features to provide end-to-end security. This will make it easier to build bonds of trust with customers.
Want to know how a Robinhood app is operated by users? Well, to know the working mechanism of an app like Robinhood, you need to stay tuned with us!!
First of all, the app allows users to sign up by filling their details like name, contact number etc for the verification. Once their account is made, users are allowed to deposit the money. Users can easily search and browse multiple assets like stocks, ETFs and so on.
After that, when the user is interested in investing, they can use the app to make an order. However, they need to state the quantity and price they would like to buy and sell. The app then processes the order.
It is vital to know that the Robinhood app often utilized a method which is called “payment for order flow” in which they send the orders to marketplace makers who eventually carry out the deals.
One of the most amazing things about this app is that users can track their investments and performance. They can even access the learning resources that guide them to invest in the right way.
Robinhood appeals to both novice and seasoned investors because it often gives trading without fees. Users may utilize multiple applications for handling their accounts as well as set up automated investments.
So this is how an app called Robinhood works. Now you should also invest in stocks & crypto app development and take your app to greater heights.
You might be wondering, “how much does it cost to build an app like Robinhood?” Well, it is quite a challenging task to estimate an actual Robinhood app development cost. It is because there are multiple factors and technological changes that are responsible for the fluctuation in cost. However, we will provide you with a rough cost estimation.
A basic app will cost you around $10000-$15000, while a complex app with highly-advanced features will increase the development cost up to $25000 or more. So, let’s have a look at the below factors responsible for the development cost.
Above mentioned aspects greatly affect the cost to build an app like Robinhood. Now that you are acquainted with the cost, it is high-time to consult with an experienced android or iOS app development company like Dev Technosys. They would assist in knowing the core and facilitate clear cost estimates based on your specific project needs.
Do you want to build an app like Robinhood–a stock trading app? No worries! The step-by-step directions for creating an outstanding app like Robinhood, according to the provider of mobile app development services, are listed beneath. All you're required to do is hire dedicated developers with experience building reliable applications for trading stocks using cutting-edge technologies. Therefore, let's look at the following steps:
Firstly, you must conduct a thorough market research and analyze the latest trends in the market before you start to build an app like Robinhood. Also, you must know who your potential audience is or who is going to use your stock trading app.
However, creating a solid plan or strategy is vital for the app development team to evaluate the app idea and convert it into the best business model.
Once you have conducted the market research, the next step is to map out your development approach. You need to determine what features will be integrated in your app.
Also, what type of platform you want to use for an app like robinhood app along with API integration. The development approach can make the process much easier.
After you have finalized the feature list, platform type and technology stack, it is time to create a seamless and intuitive UI/UX. It is vital to make sure that your app must offer an amazing user experience specially to novice investors. The designer's app is responsive for various devices and platforms so that it increases users retention rate and engagement.
In this step, you must integrate all the information that you have collected before and start the development process. You must incorporate different technologies in order to establish a strong backend. For that, you need to hire a reputed mobile app development company who has extensive knowledge of architecture and databases.
Now the app is developed successfully, do not forget to conduct the app testing which includes unit testing, alpha testing, beta testing, acceptance testing and so on.
To thoroughly test the app, request that the testers and quality analysts use a variety of testing techniques. Also, manual testing is equally essential for the app's success. A successful app testing makes sure the app performs as planned and can draw in, hold, and engage users.
Finally the app is tested, you can now launch it on the play store and app store respectively. However, it is vital to know that the process doesn't stop here. A regular app maintenance and updates are equally important that play a significant role in making the app successful. So, to prevent bugs and upgrade the app to comply with evolving customer needs, you must regularly maintain it by taking assistance from maintenance and support services providers.
Did you know? Robinhood app counted “11 million monthly active users” in July and a total sales resulted in 10% to $486 million this year. However, this is not the only stock trading app that has gained huge popularity in such a short time. Multiple other apps who are competitors of Robinhood, ruling over the market with their unique features. Let’s explore the top 10 competitors of Robinhood app.
Simplify Stock Trades: Get the Robinhood App for Seamless Transactions and Effortless Investing.
Robinhood app has gained popularity in recent times among investors. It has over 10 million downloads and 4.1 ratings on Google Play Store. It is vital to know that Robinhood app users managed over 4.3 million investments.
Additionally, 80% of Robinhood app users claim that they verify the app once in a day. These figures surely amazed every entrepreneur and increased the chances to invest in crypto app development.
So, if you're an entrepreneur who desires to build an app like Robinhood, this is the correct time. Simply grasp the chance to establish yourself as an industry leader in stock trading.
Reach out to Dev Technosys, a leading provider of an on demand app development company, for assistance in creating a distinctive and innovative stock trading app like Robinhood at a reasonable cost.
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