The world is becoming faster and faster, affecting all areas of life: from personal time to work tasks. We have become very mobile, and work is no longer exclusively associated with the office and the 5/2 schedule. These changes have also affected trading: rates are rising daily, and buying and selling currencies and assets does not stop almost for a moment, as many services allow you to work day and night. And even trading platform software can now fit into a smartphone that traders can take anywhere. Unsurprisingly, many companies are trying to build their own trading platform and make money on people’s desire to make a profitable trade. That is why several trading apps on the market already cover a wide range of currencies, NFT tokens, and other assets that can be traded on an exchange. In this article, we will tell you about them and show you what to look for if you want to create a trading platform.
Advantages of mobile trading
Determining the best trading software platform can take time because different software is designed for different tasks. However, they all have at least the following advantages:
As obvious as it may sound, this factor is one of the main advantages of such applications. There is no need to sit in front of a computer all day: traders can constantly be aware of their order status, track the price of a cryptocurrency or other asset, and buy or sell anywhere and anytime. Even a laptop doesn’t offer this level of mobility because, unlike a smartphone, you can’t put it in your pocket.
Convenience also lies in the fact that a person does not need to look at the same tab with their open trading application all day. If you look at the work of popular mobile trading software providers, you will see that they provide the possibility of quick notifications in their software. This lets you put down your smartphone and do other things while the software works according to the specified settings. And if a transaction automatically occurs or the software finds a suitable trade, a quick notification is displayed on the user’s device screen.
- Wide range of options.
Even though the average smartphone has fairly standard computing capabilities, modern software is designed to work quickly, even on this device. The application will work quickly and efficiently, and some operations will be performed “under the hood” without unnecessary attention and effort from the user. Besides, such apps can be built with many functions necessary for a proper trade setup and search.
Who offers mobile software for traders?
What are the best trading software providers on the market? We recommend paying attention to the following:
The application with no order fees and the minimum deposit is also attractive because it suits those just starting in this field. The disadvantages often include a small number of training opportunities built into the platform and an overly convenient support service.
- Vantage Markets
The minimum deposit starts at two hundred dollars, but this software’s advantages outweigh this fact. It has no fees for an extended period of inactivity, and the commission for forex trading is minimal. The application was created in 2008, quite a long time ago. During this time, its functionality has been repeatedly improved and expanded, and now it is no less modern and convenient platform than others.
Here, traders can earn on cryptocurrency exchange rates without a minimum deposit. The platform provides a convenient and intuitive mobile interface for users to quickly achieve their goals without wasting time learning the software’s features.
The application is designed for learning, so it is well-suited for beginners. It is intuitive, quite easy to use, and lets you quickly place and close orders. For convenience, you can categorize orders by type, and the mobile app is best suited for options trading.
- TD Ameritrade
It can also be considered an excellent option for beginners, as this software helps newcomers understand the market better and the main trends. It also offers training where traders can test hypotheses without risking losing their capital on the platform.
This application provides tools for high-quality financial planning. The platform itself is designed to make the experience of using it as smooth as possible. The disadvantages are often attributed to the fact that the software cannot communicate with a financial advisor. However, only some people need this, to be completely honest.
Among other trading software providers, this application is distinguished by the presence of a 20 percent welcome bonus for new users and the fact that it has a fairly wide range of payment options. In addition, there is a relatively wide list of options for trading areas: a person can trade both options and metals, and even cryptocurrencies.
An app has no buy-and-sell fees and a vast selection of instruments. It also has educational tools that are suitable for both beginners and those who already have some experience in the field. The downside is that the app is not integrated with an API.
This is one of the most popular stock trading platforms in the UK. The software is suitable for both beginners and experienced traders. The disadvantages include a relatively high cost of use if we take all types of payments on the platform. However, there are many more advantages: for example, the application can be used by both Android OS and iOS users. It also offers the possibility to trade in one click, having previously set a program to search and select trades.
The platform is popular in the European market. It is characterized by a small number of commissions and their low level. It is easy to open an account here, although credit and debit card deposits are unavailable on the platform. On the other hand, there is no minimum deposit: you can start working with any amount. The platform even has its banking license, which opens up some options unavailable to its competitors.
Things to consider when developing your app
We won’t go into a lot of details, but it is still advisable to learn some basics right now to become a cryptocurrency trading software provider. When creating your app, pay attention to the following:
- Deposit and withdrawal methods.
- Your type of earnings: commissions from each transaction, withdrawal fees, fees for training tools, or any other option.
- Data security.
- The weight of the software itself.
- The speed of the application.
- The technologies you will use.
- Availability of automatic trading tools.
If you keep this list in mind, you can develop an excellent base to layer various functions. In addition, it is crucial to determine the target audience. After all, trading is a broad concept covering different asset types. Decide which segment of traders you are most interested in and focus on it and its needs.
Who can you ask for help?
Another thing that is essential for the realization of your ambitious plans is the development team. Creating an app for brokers and traders requires a certain amount of experience and knowledge of the peculiarities and needs of your potential customers.
Therefore, we suggest that you contact Fintatech. We have provided software development services for traders for many years, guaranteeing you quality and speed. Our special tool — Trading Platform Designer — will allow you to speed up the work process as much as possible and, at the same time, create a unique customized platform for your needs.
To discuss the details, please sign up for a consultation. We will be happy to answer all your questions.