At the peak of their earning capability people are most likely to invest in stock market equities or mutual funds or even in pension and retirement plans. Previously investors hesitated trading through brokers due to the fluctuating nature of shares and the uncertainty of the share market. With the advent of customized mobile trading apps, trading companies have seen a rise in the number of investors and can manage their portfolio better. Here we discuss some key benefits that trading companies can enjoy by customizing their mobile application
Benefits of customized Mobile Trading apps
Mobile trading apps have brought a revolution to the stock trading industry. Trading companies are now actively investing in the development of customized apps to reap the following benefits.
Manage soaring number of investors
According to statistics, 14.1 million Americans use online trading apps to invest money in the stock market. With the ease of performing self-trading, an increasing number of people are becoming more encouraged to invest in shares. There are more traders between 30 and 40 years who start planning their retirement and are willing to take risks for greater returns. Managing this increasing number of investors is a challenge to trading companies. This can be efficiently managed using mobile apps.
Eliminate middlemen
Surveys reveal that hiring brokers and financial advisors results in 5% less returns. Over a long period of 20 to 30 years, this amounts to a great loss for companies as well as individual investors. In addition, involving middlemen tends to lower Sharpe ratios, which affects performance by adjusting risk factors. With customized mobile apps, trading companies can eliminate involvement of brokers and advisors and enhance their direct relationships with the investors.
Maintain transparency
Investors often complain that the advisory companies keep their own interests a priority while not paying enough attention to the performance of their traders. With customized mobile apps, you can monitor data and analytics, manage user portfolios and enable them to make the right decisions. All trading data relating to your investors will be transparent and viewed through your stock trading app which is an attribute generally lacking with consulting advisors.
Manage user portfolios
Through your custom trading app, you can organize portfolios of individual traders and prompt them to make accurate trading choices. This helps your app users to decide which categories to invest and which even shares to purchase for maximum potential return.
Offer trading advice
There are many young traders and beginners who opt for mobile trading over conventional methods. They require proper financial suggestions and tutorials to make the right decisions. Your customized app can offer them trading advice through professional advisors, and provide them with resources to know more about stock market investments.
Send real-time data alert
Your trading app allows you to monitor stock market positions and send real-time data alerts to the investors through push notifications. This encourages them to invest money on the right stocks at the right time, performing instantaneous transactions.
Sell auxiliary services
Through your customized mobile trading app, you can get insight into the investment habits of your traders and recommend them shares for purchase. Your upselling and cross-selling services may benefit the investors in enriching their portfolios and pursue profitable transactions, even overseas.
Zero brokerage platform
Using conventional methods investors had to open a brokerage account or a demat account by paying a fee for stock trading. Through your mobile app, you can allow the users to trade for free without the need of any upfront account opening payment. This feature will keep your company at the top of their trading choices and your app at their fingertips.
Final Thoughts
Mobile trading is the new trend in investing money in the stock market. With increasing numbers of young traders, self-trading through customized apps has gained an edge over conventional methods. Your app can manage user portfolios, offer a no-brokerage platform and trading advice to beginners, monitor data and analytics and help investors take the right step with real-time data alerts..
If you’re in search of a reliable custom app developer who’ll provide you with premium services, Deventure is your right choice. We’ll help you develop your mobile trading app with an intuitive interface, so that you can reach your investors with the best service.
Call us now to know more!
