How To Create An Investment Website

The Estimated Cost Of Developing An Investment Platform

The full development and implementation costs depend on the complexity and scope of features, the technologies used, and the platforms difficulties and capabilities. When budgeting, it is crucial to remember that investments in advanced technologies pay off many times over. The convenience, stability, and security of the platform will attract and keep many users.

According to the Outsystems Survey,the development process timeline varies from three to six months for an application with basic features set to nine months or more for a complex project, such as an investment platform. The employees hourly rates depend on the location and specialization:

The volume of expenses affects additional factors like website domain registration . Website or app total prices may vary from US$20,000 to US$200,000. They are higher in North America and Western Europe, and lower in Eastern Europe, Asia, and India.

What Did We Learn While Developing The Investment Platform Heres Our Advice

After the seven crucial elements of an investment platform, here come seven pieces of advice for smoother investment platform development. Following this, you will be able to create your own investment platform without any problems.

Cost According To Team Location

The labor laws and cost of living in countries differ. As such, their price is highly dependent on the teams location.

Below is a cost comparison of hiring developers in six different regions:

Now youre aware of the rough cost of creating an investment app we can now discuss more details of how to build an investment app.

But first, lets take a look at some must-do steps before development.

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Product Development Flow: The Minimum Viable Product And Mvp With Improvements

Every software development process goes through several stages: prototyping, MVP, product improvement, and release.

We create the blueprint prototype of our solutions, test it, and design an MVP with the necessary minimum features. It allows us to find out what users want, analyze the audiences pain points, and gather useful feedback.

The minimum viable product has to include some important features. First, it is about code. Some programming languages fit for fintech development, like Python. It is considered as a right and flexible choice to adapt the product as you need. The server-side Python language is often used to develop machine learning, artificial intelligence, and big data solutions.

But developers can choose JS, PHP, or other languages, depending on their needs. For instance, Java is platform-independent, while Python may not be suitable for specific mobile applications. JavaScript may be more convenient for IoT solutions, and Swift could be best for applications related to Apple.

Its crucial to ensure code logging to be able to determine what caused issues and prevent them. Errors would be shown in the log list, and technical experts will be ready to solve them.

Read also: How you can use AI in fintech and benefit from it

One of the most effective ways to avoid fraud is with AI and ML-based detection systems, and we at CHI Software have a track record of successfully applying them. Artificial intelligence is also beneficial in:

Why Some Of Our Favorite Brokerages Didn’t Make The List

Some of our favorite investment companies just didn’t quite make the cut. Both of these companies have less than $50 billion in assets under management. Despite their relatively small scale , we respect these contenders in the space.

If youre interested in finding the best free investing apps, check out this article. It includes several companies that manage billions rather than trillions in assets.

These companies manage to scale using technology which keeps costs low for investors and provides a great investment experience too.

Also Check: Barclays Investment Bank New York Ny

Project Management Approach For Investment App Development

Scrum is a well-known iterative development technique within the larger body of Agile methodology. I recommend this technique for this project. The PM acts as a Scrum master, whereas a Product owner provides the features or requirements in a document called the Product backlog.

The scrum team estimates the features, and the scrum master plans Sprints, i.e., iterations based on this estimation. The team first builds the Minimum Viable Product , and then enhances it in further sprints. During the project execution, the scrum team conducts a Daily stand-up meeting. This meeting is to discuss the project status, additionally, the scrum master uses it for issue resolution.

When the features are ready, the scrum team conducts a Sprint review meeting. Features are demonstrated in this meeting, which enables the project stakeholders to approve the features. The team also conducts a lessons-learned exercise, and its called the Sprint retrospective meeting. You can find more information about this technique in our guide How to build a Scrum development team.

You should also consider effective project management tools for this project. Zoho is a good option. You can find more choices for PM tools in our guide The 10 best Agile project management tools.

How Do I Measure The Roi Of A Digital Investment Platform

There are a number of ways you can measure your return on investment from a digital investment platform. You might look for an increase in customer acquisition or retention figures since the platform was introduced, but this relies on the introduction of the platform being the only major change happening at the time. If this isnât true for your organisation, you might want to include specific questions around the perceived value of your digital investment solution during the sales process and in your customer satisfaction surveys. You can also look for spontaneous mentions of the platform in positive customer reviews or talk to the staff at the front line about how theyâre using the platform to acquire and retain clients.

Contact sales for more information.

Read Also: Compare Investment Property Mortgage Rates

Our Experience In Trading Software Development

Were just wrapping up the development of an investing and wealth management application for a major brand that is on its way to democratize retail investing for a huge market. While the project is under NDA as the team puts final touches, and I cant disclose any details at the moment, I can assure you the app includes a well-balanced mix of the features we discussed in this blog and some of the clients know-how, which we framed together into a solid tech and UX/UI framework.

If youre into crypto, you can read about a decentralized exchange we built for a metaverse game in this case study.

Book a call with our experts to learn more about rapid prototyping and how it can help you succeed.

How To Create An Investment App: Steps To Follow

Investment app development requires preparation and time. There are several steps you should consider to create an investment app and not fail.

• Step #1. Do a market research
• Step #2. Consider the compliances
• Step #3. Hire a development team
• Step #4. Make a feature list
• Step #5. Create an attractive UI/UX design
• Step #6. Pick the technologies
• Step #7. Develop your app
• Step #8. Deploy your investment app

Letâs discuss the details of every step.

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Add Memberpress To Your WordPress Website

Fortunately, you dont have to be a tech wiz to build a membership site. Our MemberPress plugin can do a lot of the heavy lifting:

Well provide the tools and structure you need, including different payment plans and renewal fees. MemberPress also comes with a built-in course creator, so you could even include online courses in your offerings easy as pie. That way, all you have to worry about is providing top-notch investment advice.

You can start by choosing a pricing plan. Once youve made your purchase, youll be able to download the plugin file to your computer. Then go to your WordPress dashboard and navigate to Plugins > Add New > Upload Plugin.

Click on Choose File, upload the file youve just download, and then select Install Now:

After youve activated the plugin, go to MemberPress > Add Settings > License. Enter your license key and click on Activate License Key:

At this stage, you might want to start generating buzz for your new website. Spreading the word pre-launch may seem counterintuitive, but it can get people excited for your upcoming services.

You might also want to consider setting up a wait list for interested customers. You can build this list by promoting your new membership service on social media. With a small amount of preparation, you can start making money as soon as your membership site goes live.

How To Manage The Mobile Backend For The Investment App

I have addressed the mobile front-end and APIs for key functions above. However, you also need to address the mobile backend. You can develop the mobile backend and manage everything including the infrastructure, however, its time-consuming.

I recommend using an MBaaS provider. They manage key aspects of the mobile backend, e.g.:

• Infrastructure

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How Much Does It Cost To Develop A Mobile Investment App

The cost of developing an investment app with minimum viable features ranges from $50,000 to $100,000.

The exact figure depends on a range of factors such as the type of app, type of development team, and location of a team.

Of all these factors, the major determinant of an app cost is the team. Thus, well dwell primarily on this.

How Much Stock To Buy

When buying stocks, its important to pay attention to asset allocation. You dont want one stock to be too large of a position in your portfolio.

For instance, if a single stock is 50% of your portfolio value and the share price goes to zero, you lose half of your money.

To limit your downside risk, you may consider only having a maximum 5% portfolio allocation for each stock you buy. This means that if you have $10,000 in your brokerage account, each stock position might only be $500.

Other investors might invest as much as 15% of their portfolio in one stock. Make sure you are comfortable with the amount of stock you buy. With each purchase, make sure you maintain a diversified portfolio.

When you invest small amounts of money, you may assign a 1% or 2% allocation per stock. If the stock fails and its just a 2% allocation, you will only lose a small amount of cash.

Assigning a small allocation can also be good when you invest in risky stocks with a volatile share price.

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Concept Framework And Functions

applicationyou can begin to develop a project concept

Leading Mobile Banking Apps Adding Investment Options

Even by the looks of the App Annie charts, its evident that traditional banks with state-of-the-art developed mobile banking apps are slowly adding online investment features into their mobile apps:

• either directly as Wells Fargo Mobile or Chase Mobile
• or via stand-alone apps, e.g., Bank of America MyMerril App

If this fact alone doesnt make you want to start your own trading platform, lets go a little deeper.

Also Read: Gamification in Banking: Tips, Best Practices and More

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Customize Your Template Design

As we said in the last step, templates provide a framework. Given how many people use builders to make a website nowadays, odds are there are a few sites out there with the same framework as yours. At the very least you will need to populate a chosen template with content specific to you. And to really stand out, youll need to do some customization.

Building a website is like cooking a dinner. Just like cooking, knowing how to build a website from scratch is much easier with the right tools and instructions. A template gives you a recipe you can choose to follow it or you can mix up the ingredients and style to give your dish your own flavor.

What goes into customizing a website? Well, thats largely up to you. Website builders are very flexible these days. Customization can include:

• Adding new pages to your navigation
• Changing the size, colors, and fonts of buttons
• Adding new elements like contact forms and menus
• Editing the images on your homepage gallery
• Choosing a different color palette
• Linking/embedding social media channels

The best website builders walk you through all these things, so dont be intimidated. They understand their purpose is to make web design easy. As is so often the case with website builders, dont be afraid to play. Youll be surprised by how how much you can do.

Interactive Brokers Ibkr Lite

no promotion available at this time

• Strong research and tools.

• Over 18,000 no-transaction-fee mutual funds.

• NerdWallet users who sign up for IBKR Pro get a 0.25 percentage point discount on margin rates.

Cons

• Website is difficult to navigate.

Why We Like It

Interactive Brokers’ IBKR Lite is a strong option for frequent traders: The broker offers international trade capabilities, no stock-trading commission and a quality trading platform.

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Best Investment Sites For Tools

Bankrate: bankrate.comThis site featured up-to-date rate comparisons for bank accounts, CDs, mortgages, credit cards, and insurance. Bankrate also offers an extensive collection of personal finance calculators, income tax resources, and tools. Free.

Discount Brokerage ResearchWe have accounts at two discount brokers and they both offer research on stocks and mutual funds from third-party services. While the research offerings differ, most top discount brokers give their customers free access to research reports from companies such as Morningstar, Thomson Reuters, and Standard & Poors.

Investor Relations WebsitesSimply type the companys name or ticker symbol followed by investor relations in a search engine such as Google. The investor relations section of a companys website can offer a large amount of information including presentations, annual reports, dividend history, press releases and a calendar of upcoming events.

A Simple Stock Screen That WorksAlthough we use free websites mostly to double-check our data and conclusions, we also use some free sites to find stocks. My brokerage firms handy website provides screening tools to find stocks fitting my requirements . Your broker likely has similar screening capabilities.

Holding a good portion of your portfolio in companies that meet this list of criteria will greatly reduce your chances of suffering large losses during unforeseen market declines.

What else would you add to our list of the best investment sites?

Newsfeed And Social Feed

The newsfeed is where users digest market news relevant to their stock choices. In addition, we can add a social feed with other users comments, investment portfolios, etc., effectively turning our trading app into a social investing experience. Thats how you can make a trading platform most engaging for newcomers.

Recommended Reading: Best Place To Invest In Stocks Online

How Does A Real Estate Property Listing Website Work

A real estate listing website works as a location-based directory website that acts as a middle ground between the property owners and property buyers. It generally has a variety of property categories under which the listings are posted.

Therefore, the property owners can submit their property listings under the relevant category. They can register and use the property listing submission form to submit their listing. As an admin, you can set if you want the listing top new automatically published on submission or to be saved as a draft stop that you review and verify before pushing it live. You can even decide if you want to allow free or paid listing submission.

To allow paid listing submissions on your website you can create payment submission packages. With the advanced features of the HomeQuest WordPress theme, you can even create category-based pricing where you can create different pricing for different categories. The real estate agents can register on your website, choose a pricing package that best does their requirements, and submit their listings using the front-end submission form.

Theres a lot of things you can do with such a real estate website.

An ideal property listing website should have the following features.

User registration:

Fully functional user registration and management system that enables users to quickly register and set up their account on your website.

Property submission:

Payment packages:

The submission form for property listings: