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How Much Does it Cost to Develop a Trading App like Robinhood?

develop trading app like robinhood

Remember when brokers used to attend to each client individually before the app revolution? However, conventional services restrict businesses from realizing their full potential. The stock trading application has revolutionized the stock trading market. By developing a stock trading app like Robinhood, financial institutes make the stock market accessible from mobile devices. Traders can easily buy and sell assets and stocks on the go using a stock trading app.

Moreover, features like educational resources and goal planning in stock trading apps enable even rookie traders to make better investment decisions. Consequentially, with the popularity and demand, the stock trading app market is also on the surge. For example, according to the Fortune Business Insight reports:

The online trading platforms market was valued at $9.32 billion in 2022 and is projected to reach $15.34 billion by the end of the forecast period in 2030, up from $9.94 billion in 2023.

Robinhood, Acorns, and Stash are some of the famous and top finance applications that gained popularity by meeting their users’ needs. So, let us dive into the Robinhood app and understand the reasons behind its popularity and how much it costs to develop a stock trading app like Robinhood. 

Why is Robinhood so Popular? A Look at Its Features, Hype, and Popularity

Robinhood has shaken up traditional brokerage patterns with its millions of users and stormed the investing world. But what is its driving force? Let’s explore the features, factors, and hype that have fueled Robinhood’s popularity:  

Common Features offered by the Robinhood App: 

All of these features have helped Robinhood gain hype in the market.

Factors that increase the hype of Robinhood as a Stock Trading App: 

Additional Reasons that Made Robinhood Popular: 

Robinhood’s success is not based on its features alone; it lies in the understanding of the target audience’s needs and desires to deliver a smooth, exciting, and empowering experience. They democratized finance, made investing available to all, and captured the spirit of a generation who were eager for financial freedom.

Prioritizing users first is the golden rule of app design. However, you must fully comprehend their needs before you create a single screen. The next section’s figures will help you better understand the market and the client’s needs.

Market Analysis: Data Reveals a Booming Stock Trading App Landscape

The data points directly: the stock trading app market is experiencing explosive growth, fueled by a surge in investor interest and opportunities mobile platforms offer. Here’s a breakdown of key findings that shed light on the booming market of stock trading apps and its driving force:

1. Robinhood’s Revenue Soars:

The transaction-based revenue of Robinhood reached $1.40 billion in 2021, which was much higher than the previous years. It’s a clear indication of the high adoption rate of Robinhood’s commission-free model as well as an expanding user base that actively trades through the app.

2. App Searches Skyrocket:

According to Google Consumer Insights, the app searches on investing and stocks increased by 115% year over year. This trend indicates a major consumer behavior change with mobile platforms emerging as the primary channel to get financial information and run investment activities.

3. Asset Management Apps Thrive:

According to SensorTower, the downloads of asset management apps in the US grew by a staggering 198% from one quarter to another during Q2 2021, reaching over 35 million downloads. This massive increase shows this market trend towards investment solutions focused on mobile devices.

Stock trading will definitely become more mobile in the future. Financial businesses can benefit from this dynamic industry and help democratize trading by offering accessible and interesting investment solutions by evaluating the data and spotting patterns.

How to Craft a Robinhood-like App in 5 Steps (Without Breaking the Bank): A B2B Guide

Developing a stock trading app like Robinhood can be a thrilling venture, but navigating the complexities can be daunting. So, let us outline 5 key steps for building your app while keeping costs in mind:

1. Define Your Scope:

2. Choose Your Development Approach:

3. Partner with the Right Stock Trading App Development Company:

To ensure you have the right technology partner to guide you throughout your stock trading app development journey, look for the below characteristics: 

4. Navigate Regulatory Compliance:

While developing a stock trading app like Robinhood, you cannot afford to consider regulatory compliance to avoid any legal issues. What kind of regulations to consider? Let’s explore. 

5. Test & Launch with Confidence:

Even though prices can vary, you can create a successful app without going over budget by concentrating on important features and forming smart alliances. So, let’s understand how much it would cost to develop a stock trading application like Robinhood. 

Estimating the Cost of Your Robinhood-like App: A Breakdown

Approximate Cost Range of Developing the Robinhood-like Stock Trading App Development or Finance App Development: $25,000 – $2,00,000.

Developing a stock trading app like Robinhood sounds exciting, but understanding the cost involved is crucial for budgeting and planning. The good news is, that you can optimize the cost of the application by keeping some crucial factors. Here’s a breakdown of the factors influencing the cost and how to build your app without breaking the bank:

Factors Affecting Costing of the Stock Trading App Development:

Here is the estimated cost of basic features development and implementation of stock trading application. 

Basic FeaturesEstimated CostsFeature Description
Intuitive Dashboard$2100 – $2200Dashboard provides a consolidated view of holdings, order history, and stock market performance to the users.
Dynamic Portfolio Tracker$1500 – $2000It helps users to track investment performance, asset allocation, and real-time net worth.
Live Market Data$10,000 – $20,000Live market data Delivers the real-time streaming of stock market data, including quotes, charts, and news updates to the users.
Personalized Watchlist$2,500 – $3,500Personalized watchlists help clients with easy monitoring, creating, and maintaining personalized lists of favored assets.
Secure Synchronization$1,500 – $2,000Seamlessly synchronize data across devices for on-the-go access.

The estimated cost of the advanced capabilities that Robinhood offers and that you may incorporate into your app is as follows.

Advanced FeaturesEstimated CostsFeature Description
Interactive UI/UX$12,000Gamified elements, intuitive navigation, and customizable dashboards. All these additional features help to grow the engagement of the users with your application.
Multi-Exchange Stock Trading Functionality$15,000 – $20,000It gives access to multiple exchanges to the users for expanding their trading opportunities.
Get Rewards & Coupons$15,000Incentivize user engagement with reward points, exclusive offers, and gamified challenges.
Advanced Analytics & Reports$10,000 – $13,000Advanced analytics will provide in-depth market analysis tools, customized reports, and AI-powered investment insights.

Equipped with these cost insights, you are all set to create a fintech app that revolutionizes the industry and allows users to put them in control. Learn more about how the pricing varies based on the features and locations in the next section. To better comprehend the cost difference between the US and India, let’s take a closer look.

Cost Comparison for Stock Trading Application Development in India vs the US: 

Before starting the development of the stock trading app let’s get some overview of the costs associated with different functionalities, platforms, and development factors in both India and the US.

FunctionalityKey FeaturesAverage Cost in India (USD)Average Cost in the US (USD)
Basic Functionality:Portfolio Management$1,500 – $2,000$3,000 – $5,000
Watchlist$1,000 – $1,500$2,000 – $3,000
Live Market Data$5,000 – $10,000$10,000 – $20,000
Secure Login & Authentication$1,000 – $1,500$2,000 – $3,000
Advanced Functionality:Multi-Exchange Trading$10,000 – $15,000$20,000 – $30,000
Real-time Analytics & Reports$5,000 – $8,000$10,000 – $15,000
AI-powered Investment Insights$8,000 – $12,000$15,000 – $25,000
Social Features & Gamification$3,000 – $5,000$5,000 – $10,000
Platform:Native iOS App$25,000 – $35,000$40,000 – $60,000
Native Android App$20,000 – $30,000$35,000 – $55,000
Cross-Platform App$15,000 – $25,000$25,000 – $40,000
Additional Factors:Project Complexity+10% – 20%+15% – 25%
Team Size & Experience+5% – 10%+10% – 15%
Maintenance & Updates$2,000 – $5,000 per month$4,000 – $8,000 per month

The mentioned costings are the average costing figures and can vary depending on the feature complexity, team experiences, resource requirements, locations, and other factors. Don’t let cost be an excuse! Now, let us explore some practical tips on creating your cost-effective stock trading app.

Additional Tips for Cost-Effective Stock Trading Application Development:

Developing a first-class stock trading application does not necessarily involve unbelievable spending. Here are five key strategies to minimize expenses while maximizing value:

Taking a strategic approach to your tech stack will allow you to build a strong and cost-efficient environment for your Robinhood-like app, ensuring an effective entry into the competitive fintech market.


The future of finance is mobile, and Robinhood’s success has proven it. They have also democratized investing and created a user-centric experience, thus paving the way for a new generation of stock trading apps.

Now it’s your time to become part of the revolution. If you are a traditional brokerage firm that needs to modernize or a fintech startup with vision, the custom stock trading app is your chance to find growth and a new wave of investors.

Kody Technolabs has consistently delivered secure and scalable fintech applications. We have a team of experienced developers who understand current technology and regulations. So, hit us up for any questions you have regarding stock trading app development or hiring experienced app developers.

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