Every trader wants to have a trading experience like never before. They expect maximum returns by investing in a share they follow. But do you know where the real struggle lies?
When the trader has to go through the daily 9 to 5 grind, the money-making stock is intractable.
This happens especially when the person is a rookie trader and does not know the trading ropes.
When the trader faces a slight delay or discrepancy while filling for a stock over the platform.
When the trader does not have a strong trading profile in place, they are bound to make a loss.
Well, I can only imagine the feeling of being robbed and shattered when the trader (s/he) feels out of line and inadequate of the resources. With the time and resources, the tech-oriented resources solve many of the problems.
The trading app development saves traders from any major heartbreaks. It suggests the ways in which the traders can redeem themselves. However, what if you can save the fellow traders by letting them follow the outperformers in the market. How about developing a stock market social app that allows traders to follow Hedgers, who know the market’s ins-and-outs?
Let me tell you one simple thing; there is an app that facilitates social connection while trading, but not many (silver lining for you).
Public.com is a one-of-its-kind platform that makes trading a no-big-deal thing. The application provides traders with a 360-degree view of a stock market before they make the purchase.
Public.com offers enormous benefit to beginner investors by allowing them to see where others (friends, families, or ones who inspire) are investing and facilitating the traders to buy fractional shares.
Whoa, this sounds like an interesting concept to me, and I think Kody’s client base would be convinced with the idea of building stock market social applications like Public.com.
So, yeah, going with the trend, we would like to share our collected insights on stock market social app development and help you make an app like Public.com.
Stock market trading is no rocket science; however, you need an account full of money and some basic knowledge about trading stocks. A social trading app development like Public.com assists new investors to invest/own a company share they believe in.
You can have your “slice” of the company’s share and tweet about the trades on your profile. You can create a community or join an existing one to see other investors’ buying/selling movements.
The company Public.com was formerly known as Matador and had its headquarters in New York. It looks like Public.com is an upgraded and revised version of the Matador platform. Public.com is a great and young startup founded in the year 2018; however, it has the potential to grab $65M of funding in the last round held on Dec ’20.
Public.com is a completely commission-free platform available on Android and iOS. It was initially launched on iOS and later on Android. Traders do not require a minimum deposit (no account minimum), and they can open it for free.
You need to enter your phone number to get a link to download the application. The social media element is an interesting add-on. You can follow a veteran investor and go after their investment moves. This is a unique concept that you can introduce in your trading app development.
Now let’s look at the application’s working,
How does an app like Public.com work?
Like any other application, the first thing you need to do after on-boarding is to create your user profile. You need to answer some basic questions, which include your age, name, social security number, bank account information, etc.
Once you sign up, the platform gives you $5 for investing in your stock. You can add on more amounts from your own account.
Next, you can browse through a pool of around 5000 stocks covered under various categories, called themes. You can pick up your interests and follow their movements.
Well, yes, the concept is similar to social media platforms like Twitter and Instagram. But… but not all investments are visible; you can only know how many shares a person owns in a particular company that is too done on the Public.com platform.
This stock market social app covers everyone from newbie investors to veterans. The new investors can check the company’s information, trends, and history before deciding to invest in it. Additionally, the platform also mentions every detail about the parent and sister companies available on the platform. Well, it looks like the company made stock and ETF trading fun and seamless.
You can start your trading journey from the minute you have opened your account. I have my adrenaline rush to develop this exciting stock market social app. Do you feel the same? If yes, contact us or any reliable mobile app development company to do the job.
Another important aspect of social trading app development like Public.com is to allow the users to track their investments. The stock market is highly volatile, and you never know when a stock trade price turns the tables, both positively and negatively.
The dividends you earn from your share gets deposited into your account Or, if you wish, you can seek help from the platform. The Public.com platform assists you in reinvesting your dividends automatically.
Another key takeaway from the Public.com app is that it doesn’t charge any commission from its users to invest in a stock. Users can do it for free. However, they do charge differently for other advanced services that include,
Paper statements.
Domestic wire transfer.
Domestic overnight checks.
Broker-manned phone trades.
ACAT outgoing.
Moving forward, we will be discussing the features of Public.com.
What are the features required for stock market social app development?
A lot of pondering is required to develop a seamless trading application. The entire team involved in the mobile app design process works diligently to ensure that the lean canvassing and prototyping stage is executed correctly. Here is the list of attractive features which we think are worth mentioning.
Fractional shares
We all know the quote, “sharing is caring”, don’t we? Public.com follows it quite religiously. It allows traders to share their investment story with fellow traders registered with the application.
Traders can tweet buying or selling of stocks and acknowledge other traders about the company/stock. This benefits rookie traders who are new to the market and wish to know which company is performing better and when.
Traders can share their views with other traders, discuss the commission fees and help other traders earn benefits. In my opinion, this is a big-time help that can make traders earn an enormous amount of money.
Library of themes
An interesting and unique feature incorporated in a stock market app Public.com is Themes. It allows you to explore stocks from various companies, old and new, gaming to female-led, everything.
So you can research well about the company for which you are passionate to invest and browse the user-friendly categories. You can select any genre you are interested in and find a company to invest in. This is a fascinating feature that aligns stock share investment with your interest.
Social connect
Public.com satisfies its title of being a social stock marketing app. It not only allows you to connect to communities but also to share and comment over the forum.
Traders can share their feedback about investment, and fellow traders can capture insights into the trade. Traders can also follow a portfolio and check out the trader’s recent investment. You can aggressively start investing and earn money from the shares.
In-app chat
There are times when you feel so confused between stock options. You may not have a companion to resort to and ask for a solution. But, you definitely have a chat option using which you can find a solution to all your queries.
Customer-centric approach
The design and functioning of Public.com are initiated keeping in mind the user’s interest. The themes names, categories, slices, everything is customer-centric with Public.com. Hence, while developing a stock market social app, keep users above everything else.
Who is your target audience for developing a stock market social app like Public.com?
Before you enter the world of trading, you should be well aware of the target market. Knowing your target market will help you in defining money-making marketing strategies. In this case, your target audience will be,
Who has a boat-full of money and looking for investment opportunities.
Who wishes to gather company insights before investing.
If this idea of developing a stock market app fascinates you, make a quick call with our executives or hire our mobile app developers for your project.
The next question is.
What is the stock market social app development cost?
The cost to develop a trading app like Public.com is very economical. You can have your app developed for under $20K. However, with the addition of more advanced features and technologies, the price may cross $40K.
It is better to discuss your project’s commercials with your development partner and have an accurate estimate. There are several other factors that affect the cost variation of app development. You can read more about the factors in one of our blogs. In this blog, we have explained the influence of each factor on the cost of app development in detail and how you can save yourself from any hidden costs.
For more reference, you can also check out Public.com’s competitor applications, namely Personal Capital, Stash, Acorns, Betterment, Robinhood, and Webull.
Conclusion
An app concept like Public.com is relatively new and your platform can be of great help for future investors. Trading software can be your biggest selling point that never lets any investor feel alone in the journey.
You can talk to us and discuss the more advanced app features which you can include in your app. We will be your best help in this development type. We wish you all the best in your journey!