How Much Does It Cost To Develop An App Like UpStoX?

• By Girija Lakshmi Achanta
• 28-11-2023
• Mobile Apps

Online trading applications offer enthusiastic modes for investors, either beginners or seasoned investors, to buy or sell Stocks, ETFs, Options, IPOs, and many more. Yes, nowadays, digital trading apps have become very popular and a convenient approach for investors to finance or trade faster right from their mobiles.

Besides online trading convenience, top trading apps in India like Upstox are offering investors valuable information related to options strategies, risk management tactics, and identifying the most profitable financial assets or stocks, etc. Additionally, online trading apps feature analyst ratings that help investors make better decisions about their trading moves and help them build a strong investment portfolio.

Overall, online trading has transformed the financial industry to a whole new height and made it more accessible to investors by offering convenience, transparency throughout the process, and a reliable instant withdrawal facility. All these have made online trading apps a big hit in this digital industry.

Let’s look at how the global online trading market has been propelling forward since 2020.

Market Growth Of Online Stock Trading Or e-Trading Industry From 2023-2026

Source: Statista

The above figure depicts the growth of the online trading industry market value. From USD 10.2 billion in 2020, the market value of digital trading through mobile and desktop platforms is anticipated to reach USD 13.3 billion, approximately a 30% increase over 2022.

Faster investment facilities, secure transactions, real-time industry reports availability, instant notifications on trading activities, low-commission or zero-commission trades, and updates on trading industry trends are all significant factors driving the online trading industry worldwide.

Moreover, eTrading or online trading is gaining much attention in India-like emerging countries. People are increasingly downloading online stock trading apps in India to grab multiple investment and trading opportunities.

Offering the best margin while trading on stocks and other finances, from working professionals and business leads, everyone is using popular online stock discount broker apps in India and generating attractive side incomes.

Why The Demand For E-trading Apps Is on Upsurge?

Here are the key benefits that online stock trading platforms offer to end users.

• Quick availability of diverse financial solutions to investors or trades
• Superior control over investment activities
• 24*7 availability, investors can invest on-the-go
• 0% commission charges and rapid ROI
• A centralized e-trading dashboard helps users monitor their portfolio and stock status
• Online stock trading platforms provide opportunities for beginner and seasoned investors to generate extra income
• E-trading platforms offer the best profit margins to investors or traders by notifying them about stock prices
• By analyzing user trading activities, e-trading apps offer personalized recommendations

It is the right time to invest in online stock trading apps and grab the attention of investors or traders.

Are you looking to develop a mobile app like Upstox and online trading market opportunities?

If yes, absolutely, a profitable decision you have made. This article will be a guide that takes you through the features and functionalities must-have in your online trading app. Further, we have also given the information about the estimated development cost to create a trading app like Upstox.

Let’s take a look at the overview of the Upstox trading app!

All About Upstox e-Trading App

Upstox is one of the top online stock trading apps in India, a registered brand name of RKSV Securities India Pvt., Limited. It was released into the market in 2021 and now has approximately 10 million customers across the country. Being the top online stock trading mobile app, it offers the most reliable domestic and international investment and trading opportunities for users.

The services of this most trusted investing platform in India can be accessible in two modes, including Upstox Pro and Upstox. Upstox pro version helps traders capitalize on Equity, Options, and Futures. On the other hand, Upstox is for investors where they can buy, sell, or invest in Stocks, IPOs, Mutual Funds, SGBs, and ETFs.

Driven by the user-friendly and easy-to-use interface, quickly accessible features, no commission trades, and TradingView and ChartsIQ charts like advanced analytical tools availability features, Upstox has been at the top of the list of best online stock trading apps in India. Moreover, high-level security across the network and a simple KYC process are also making Upstox a top e-trading app in India for Android, iOS, and desktop versions.

This trending stock trading app in India is free to download. The app has been star-rated 4.3 out of 5 in the Google Play Store from Android app users and has acquired a 4.1 out of 5 star rating in the Apple Store from iOS mobile app users.

Must-Have Features To Create Upstox-like the Best Online Stock Trading App In India

Features and functionalities are core pillars for the success of any mobile application development. Whether Android app development, iOS app development, or web app development, the set of features you choose will decide its success. The more you add user-friendly features and functionalities, the broader scope your online trading app will have in India like an inhabited country.

Here are the top features that mobile app development companies in India or any other nation should focus on to give a big hit to their client’s applications. Let’s look at the features needed to create a similar app like Upstox.

Required Features For Investor Panel:

• Simple UI Design

Online Investment platforms like Upstox must be designed with simple and easy-to-user interfaces to ensure seamless features’ accessibility and hassle-free app navigation. A simple UI or UX design will assist your app users in happily surfing across the applications which results in better user engagement and improved app experiences.

• Multi-login Ways Enablement

How much you make your users feel comfortable while they log in will decide their retention rate and ensure successful downloads by reducing user bounce rates. Simple registration and login interfaces will offer quick accessibility to the features and improve their experiences.

Additionally, enabling social media login is the best way to allow users to log in to the application using their existing social accounts, such as Facebook logins, Gmail ID, and Twitter-like accounts. It is a time-saving process and helps end-users instantly log in to the application. Hence, the multi-login feature optimizes the app’s functionality to a new level and adds an extra layer of user-friendliness.

• Dashboard

The benefits of creating a dashboard for your online trading apps are incredible. It allows app users to make multiple investments from a single platform like Upstox. The dashboard will offer users improved access to content such as investing opportunities, charts, orders, options trading, and many more. It gives a complete picture of significant key performance indicators and helps users make faster decisions about their future investments.

• Faster eKYC Process

The process of eKYC is an essential part of Finance apps Fintech Apps e-Trading apps, and BFSI apps. To ensure user authorization and verify the details submitted, the eKYC process plays a significant role. Through authenticating PAN and UID details, trading accounts must be verified digitally over a secure network.

• Secure User Profile Management

Providing high-level security to the user’s data is essential when you have plans to develop an online trading app like Upstox. Ensuring the confidentiality of the user’s sensitive banking information while providing easier ways to the users in managing their accounts is mandatory in stock trading apps.

This feature would also help investors or traders to have better visibility over their investments or trading portfolios, thereby they can make decisions about their future investments.

So, make sure to give your requirement to FinTech app developers for the design and development of user profile feature with user-friendly subcategories like view bank details, orders, settings, edit/delete bank account, and so on.

• Digital Wallet Integrations

Secure payment integrations are like the heart of an online stock trading app or any finance app. The users need to transfer money to the app e-wallet from their bank accounts to instantly buy or sell stocks and other financial assets. The entire process needs to be encrypted to optimize the app’s security level and deliver trustworthy services to loyal users.

India’s best online trading app for Android and iOS like Upstox is offering flexible payment ways that allow users to seamlessly refill their wallets and make trading instantly when the prices of stocks are profitable.

• On-The-Go Transaction History Viewing Facility

It is one of the user-friendly features that helps users to view their transactions on the go. Whether it is an Android trading app or iPhone mobile app development, you should facilitate your app users to track their previous investments in simple clicks. It will ensure improved app experiences.

• Wishlist

Like e-commerce mobile apps, an online stock trading platform like Upstox clone app development also needs a Wishlist feature. This feature allows users to make a list of stocks, IPOs, and ETFs that they are interested in on their Wishlist. It helps them make investments later when the prices are profitable. Hence, adding this feature to an app similar to Upstox will increase the app’s personalization and loyalty.

• Push Notifications

To keep updated information or to let your app users know about stock market trends, the push notifications feature will have a great impact in this regard. It helps app users to receive alerts or updates on current market situations, profitable stock information, stock prices, and also about their recent activities in the app. Hence, investors or traders can be aware of what’s going on in their accounts and the industry.

• In-App Chatbot Assistance

Without the touch of Artificial Intelligence, no mobile app is going to the market in this digital era. Especially, the chatbot feature. Integration of the in-app chatbot feature will provide virtual assistance to investors in clarifying their queries or issues that they have.

Leveraging speech recognition and text-recognition techniques, AI-powered chatbots will understand the user queries and instantly respond to the users. Hence, this user-friendly feature improves the app’s personalization and takes the application to a new height.

Upstox like a top online trading app in India is notifying its users about stock updates, transaction confirmations, best prices, and information on customized alerts such as profitable time to buy or sell a specific stock.

Further, providing ready-made option strategies, stock trading guides, Analytical tools, and various learning resources to the users will enhance the user’s journey and their app experiences.

If you are looking to create an online trading app similar to Upstox, then might be thinking of its development cost. A question like How much does Upstox like trading app development costs? Would come across your mind. Here is the information that you looking for.

How Much Does It Cost To Develop An Online Stock Trading App Like Upstox?

The cost to develop an online stock trading app like Upstox with basic features on a single platform (Either Android OS or iPhone OS) might fall between $35,000 to $80,000. The development cost to create a cross-platform application with moderate complexity in design and features might be around $80,000 to $120,000.

However, adding next-generation AI features like virtual user assistance, stock performance tracking, predictive analytics, and in-app charts will increase the estimated costs of online trading apps like Upstox to $180,000 and beyond.

The cost of building an online stock trading app will vary based on the below factors.

Significant Factors that Impact The Cost Of Online Stock Trading Apps like Upstox

Here are the factors that the mobile app development companies in India will take into consideration while they quote your project.

• The complexity of UI design
• App platform (Android, iPhone, or Windows)
• App Type (Native app development, Cross-platform app development, or Hybrid app development)
• Features and functionalities integrated into the application
• Technologies and tools used for the Upstox clone app development
• Expertise and Team size of the mobile app development company in India
• Hourly rate of top mobile app developers (India, USA, UAE)

These are a few significant factors that bring a drastic variation between the estimated cost of online trading apps like Upstox to the actual development cost of stock trading apps. Hire a top #mobile app development company in India and get your online trading app developed at the price!