The use of mobile apps is growing in almost all sectors of the economy. And, the stock market is no exception. Gone are the days when investors had to remain dependent on stockbrokers to invest in financial markets. In those times, stock trading was considered the privilege of a few who could comprehend what the finance world was all about.
With the entry of stock trading apps like Robinhood, users can now buy and sell their securities with just a single tap on their mobile screens. This has resulted in what Robinhood terms as the democratization of the stock markets.
Robinhood app is an investment platform that lets its users buy and sell stocks, Exchange Traded Funds, options, and cryptocurrency, all at a zero-commission fee. Founded in the year 2013, in a very short span Robinhood successfully raised a total of $ 912 Million in over 8 funding rounds.
By giving the option of low-cost service and mobility in stock trading, the Robinhood app has ensured its exponential rise among its users. This is the reason why it has become a popular online trading platform among young traders, diving into stock trading on the go.
If you also want to enter the online stock trading market and build a stock trading app like Robinhood, you first need to have the knowledge about what is the need to build such apps, what are the features of a successful stock trading app and how much will be the cost of development of such an application.
Here is all you should be aware of before you build stock trading app like Robinhood.
