Modern trading apps make today’s market more accessible than ever. Whether you are a novice or an experienced trader, these apps will help you fulfill all your trading needs. From hassle-free stock trading to real-time updates, online trading apps deliver a comprehensive range of services. 

However, selecting the best stock trading app is not an easy task, it requires careful planning and domain knowledge – according to a mobile app development company.

In this blog, we will discuss 2024’s 5 best trading apps and their key benefits. We further discuss how much it costs to build a feature-rich online trading app. Let’s get started. 

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Stock Trading Market Insights

Before diving into the best trading apps, let’s understand how the stock trading app market is evolving. As of 2023, the global stock trading and investing app market size was valued at $9.55 billion and it’s expected to reach $16.7 billion by the end of 2032 (fortunebusinessinsights). Here is the report scope and segmentation:

Top Online Trading Apps In 2024

For your convenience, we have created a list of the 5 best online stock trading apps based on user experience, top features, accessibility, innovations, and value proposition. Whether you are looking for a good trading platform or planning to build your own trading app, this guide will help you make the right decision. 

1. Interactive Brokers

Interactive Brokers is one of the leading trading apps for traders, advisors, and investors that helps with direct access to stocks, currencies, futures, bonds, and funds. Moreover, with Interactive Brokers, you can also get an excellent desktop and mobile platform that enables you access to market scanners, real-time quotes, and charts. These features are essential for conducting in-depth market research, managing portfolios, and executing trades. 

Device Compatibility: Android, iOS

Key Benefits:

• Provides different financial products

• Easy to invest in stocks globally

• Advanced security features

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2. Schwab

Developed by The Charles Schwab Corporation, Schwab is the best platform for customized trading experience. It gives access to a comprehensive range of products such as ETFs, stocks, mutual funds, and so on. Moreover, Schwab offers an adaptable mobile app experience and customizable features like drag-and-drop modules, personalized watchlists of stocks, etc.

Device Compatibility: Android, iOS

Key Benefits

• Low costs & transparent pricing structure

• Comprehensive accounts to meet several needs

• Seamless trading platforms and investing features for quick access

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3. Public

Public refers to a very popular trading platform that uses AI-driven technologies to help investors and traders with advanced analysis and real-time insights. This AI-driven assistant allows you to easily conduct in-depth asset analyses and get real-time investment insights & context. With Public, you can also get info on company performance, trading strategies, and the latest market trends. If you would like to build a Public-like trading app, hire a reliable AI app development company near you.

Device Compatibility: Android, iOS

Key Benefits:

• Free to download & easy setup

• Zero maintenance, commission & trading fees

• Easy to make well-informed trading decisions

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4. Stash

Stash is an excellent trading app for beginners and its micro-investing feature makes investing more affordable and accessible for all. Therefore you can start trading with small amounts and increase them gradually. Moreover, this app allows you to buy shares and ETFs (exchange-traded funds), which means you can easily invest in assets that have huge amounts of share prices.

Device Compatibility: Android, iOS

Key Benefits:

• Zero commission fees on ETF and stock trading

• Automated investing features like round-ups, recurring investments, etc

• Best online trading app for beginners

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5. SoFi

SoFi stands for Social Finance which is an insane platform for stock trading, social trading, and automated investment advisory. From personal loans to banking and insurance, the SoFi app offers a range of services. Moreover, SoFi also provides in-app currency conversion solutions and supports multi-currency deposits.

Device Compatibility: Android, iOS

Key Benefits

• 24/7 account monitoring

• Free to download & easy to use

• Complimentary member benefits

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How Much Does It Cost To Make A Feature-Rich Trading App?

The total cost of feature-rich trading app development falls between $30,000 to $1,80,000. This cost mostly varies depending on a number of factors like complexity levels, UI/UX design, features and functionalities, choice of app development platform, development team size, developer’s hourly rates, etc. Let’s have a look at how complexity levels influence trading app development costs.

Let’s focus on the trading app development costs based on different phases:

Final Words

The rise of the best mobile trading platforms represents a magnificent shift in the way traders manage trading and investing. In today’s highly volatile markets, only the right trading apps can make your long-term success. With the rapid adoption of these trading apps, newcomers can venture into online trading seamlessly.

These mobile trading platforms not only facilitate the selling and buying of stocks but also provide a range of financial services. As modern technologies continue to expand, we can surely expect mobile app development services for trading will play a pivotal role in transforming the way people trade and invest in stocks. 

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FAQ’s

1: How to build a trading app?

Developing a trading application involves a number of steps, from project planning to final deployment. Let’s have a look at the keep steps of the trading app development process. 

Step 1: Define your project objectives

Step 2: Conduct a deep market research

Step 3: Start user interface design and prototyping

Step 4: Select the tech stack and platform

Step 5: Focus on front-end and backend development

Step 6: Conduct testing and quality assurance

Step 7: Launch the app and start monitoring 

2: How much does it cost to start a trading platform?

The average cost of making a trading platform ranges from $30,000 to $1,80,000. This cost varies depending on a number of unique factors like complexity levels, UI/UX design features and functionalities, choice of app-making platform, developer’s hourly rates, size of development team, etc. Here is a rough estimate: 

1. Simple trading app costs: $30,000 to $45,000

2. Mid-level trading app costs: $45,000 to $75,000

3. Advanced trading app costs: $75,000 to $200,000

3: How much does it cost to make a stock trading app?

The total trading app development cost falls between $40,000 to $1,80,000. According to the developers, this cost depends on complexity levels, design features, and functionalities, size of the development team, choice of app development platforms and tech stacks, developer’s hourly rates, geographical location, etc. 

4: What is an AI trading app?

AI trading apps are popular mobile applications that use AI/ML algorithms to accurately analyze the financial market and help users manage online trading seamlessly. These apps provide a dedicated platform for online trading and real-time market insights. Some of the important features of AI trading apps include: 

• Data analysis & forecasting

• Automated trading

• Personalization & recommendation

• Portfolio management

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