A good trading platform has always been a demand for a bunch of professional traders. This is happening because the margin between success and failure in the markets is meant to be risky. Having a reliable trading platform on the side will automatically make a huge difference.

Apart from a good trading platform, many emerging investors idolize Warren Buffet, whose quotes are considered the holy grail of stock trading. Similarly, Upstox has managed to gain such a position as well.  

Not completely aware of Upstox yet, let us walk you through it. 

Upstox:

A trading platform provided by RKSV, a popular discount broker that offers trading services like currency derivatives, equity, commodity, and more on the MCX, NSE, and BSE. The platform is quite simple and is backed by some jaw-dropping trading features like analysis, trading, charting, and more. The platform’s estimated annual revenue is $140.3million this year. 

It is valid with platforms like this that online trading has become a revolution. Therefore creating a trading app like Upstox will not be a more significant issue. It might not be easy to compete against the trading platforms like Robinhood, eToro, and Upstox Clone itself. 

Again launching a Upstox similar app or a trading app similar app will surely give you a competitive edge. 

Look at the bigger picture, the wave of the online trading platform has just begun; this proves there is a lot more to it. Currently, as per the reports, there are more than 13 million users of the trading applications. This depicts that there is more room to gain profit margins if you are dedicated enough to build a platform like the Upstox app. If you are also inclined towards cryptocurrencies, then going with an NFT marketplace would be the best option !! 

How to Build A Stock Trading Platform like upstox

It is true that whenever a person is looking to develop any sort of platform, the development process is of two parts. 

  • Business 
  • Technical 

Both aspects hold a symbiotic relationship. Let us give a headstart with the business part when it comes to building a trading platform. 

Business Part Of The Upstox Like App

Generally, when it is the initial phase, there are several questions such as – 

  • What type of idea to go with?
  • What model to approach?
  • And is it possible to validate it?

The whole scenario requires a more refined hypothesis; as we can see, it isn’t easy to find one rare idea, and your platform desperately needs to stand out from the herd. 

Surprisingly over here, you are aware of the market already – TRADING! 

The information mentioned above would be more straightforward for you to complete the value proposition with the three things – Relevancy, Qualified & Verified Valuation, and Differentiation. 

Technical Aspect Of Upstox Like App

In the mobile app development company market, the exact and total cost of developing an application will be entirely based on the technical aspects of your business. 

The room for a one-stop solution might be there, but it is not necessary for any platform development. It entirely depends on the planning and development of your trading platform.  The development plan includes four main parts. 

  • Designing
  • Identification of features 
  • Tech Stack 
  • Team Type and Composition 

Over here, we will be shifting our focus more on the features that one should have in the Upstox similar app to get the exact + successful MVP version of the platform rolling. 

The Features One Needs To Be In Your Upstox Similar App

SignUp & Sign In 

Give your users a relief to have one-click signup and sign in reducing the time and steps required in order to begin the trading game for the targeted audience. 

User Profile 

The feature holds the main element for your trading platform and the functionality of this feature backs the success of the Upstox platform. Therefore, it is essential to give a personalized experience to the users and also aids with gamification. 

Live Updates 

It is necessary for your Upstox like app to be data-driven. To achieve that, it is mandatory for your users to get real-time updates to get a bigger and clear picture of the market. Offering them an unclear picture can make your user shift from your platform to another trading platform. 

Analytics 

This feature aids your platform to be used. The analytics of your Upstox like the app will help your users see and keep track of their previous trading performance. It also aids them in making firm decisions on what sort of stick they should further trade and what stock needs to quit. 

By studying the previous transactions will also make them grow as an investor. The same methodology works well for the white label NFT marketplace. 

If you are planning to create a marketplace for nonfungible tokens, then we must say it is not only an entirely new concept but is also secure. 

Payment Gateways  

The Upstox like the app is a trading app where users put their money at stake, and it is essential for the users to have multiple payment options.  The users are not at all supposed to feel unattended on your trading platform. Because if any such things happen and there are chances of the user to abandon the application. It also seems a bit impossible for them to come back to your Upstox like app platform all over again. 

Conclusion 

Launching an app like Upstox will not at all go in vain, but it is an excellent choice for business owners. They will easily attract traders who are not looking to pay high brokerage and can seamlessly manage without high-quality customer service. It is time to finally ace the trading market with your Upstox similar app, without any fear of failing.