Build a Trading Platform: Tailored Solutions for Your Trading Needs

Depending on your platform’s complexity and number of features, you may have it done in a few months or 1+ year. The timing of development also extends if you need to engage a rare tech stack or have a limited budget that doesn’t allow hiring a large team. 

Overall, small and simple apps take 2–3 months to create; moderate-complexity apps may require up to 6 months for development and testing; large-scale apps with complex features may take 12+ months from start to finish. 

RNDpoint does trading app’s back-end development faster and involves fewer resources and costs with its proprietary software ProcessMIX. It’s a low-code back-end creation platform with many plug-and-play modules essential for a trading app.

There is no uniform formula for calculating the costs of your trading app, as every project is unique in terms of features and underlying technology. The development cost depends largely on the hourly rate of developers you hire for the project. 

If you hire a team from Eastern Europe, you can save up to 50-60% of the project’s cost compared to the quote you will get from a North American agency. Using a standard rate of $40-60 in Eastern Europe, you can get a well-designed, feature-rich app for around $100,000. 

Contact the RNDpoint experts for an accurate cost evaluation of your project.

You have the flexibility to link your app to multiple reliable brokers. The choice of brokers should be based on the specific markets and assets you intend to trade. It’s worth noting that the range of financial instruments you can trade may vary between brokers. While some brokers may only provide access to stocks, others may offer a broader selection of assets, such as ETFs and derivatives like futures and options. 

One important factor to consider when selecting a broker is the commission structure, as this can have a significant impact on your users’ deposits. Be sure to compare the fees charged by different brokers to ensure you’re getting a fair deal.

Additionally, it’s crucial to take note of the minimum deposit required by each broker. While some brokers may require a modest minimum deposit of $500, others may mandate users to deposit as much as $25,000 in order to access all of their trading capabilities.

We work with several tried and tested API integrations to enrich your products’ functionality. These include Alpaca, Interactive Brokers, E*TRADE, Ameritrade, and Tradier. 

These brokers and stock trading platforms offer users optimal conditions for trading, such as access to diverse asset markets, competitive commissions, and comprehensive service coverage. In addition, these brokerage services provide fast order execution and adhere to strict securities trading regulations to ensure the safety and security of users’ investments.

Every trading platform should provide core features such as user authorization, which enables users to create new accounts and complete identity verification to comply with AML/KYC regulations. Additionally, a user profile dashboard is essential for users to manage their assets and view their trading history.

In addition to core features such as user authorization and a user profile dashboard, a trading platform should offer a full suite of trading tools that users require: asset price charts, technical analysis indicators, buy and sell orders, and more. Furthermore, modern trading platforms should feature convenient search and filter functions that allow users to categorize and save their preferred assets.

To provide added value to users, it’s also recommended to include a real-time newsfeed and robo-advisor features that help users develop algorithmic trading strategies. An educational blog and user-friendly API integrations can also enhance the user experience and attract more users to the platform.