Multiple ways of login authentication
most crucial methods for securing a trading app are user authentication and login.
And contrary to popular belief, most users do not find it to be a hindrance (at least for fintech).
In fact, a PYMNTS study found that 71.2% of consumers of financial services are pleased with the app authentication process.
On the other hand, a research by Onfido found that 43% of consumers give up on installing apps because of worries about digital identification and authentication.
Access on various devices
No matter where they are or what device they are using, users should always have access to their trading accounts.
Timing is crucial in trading. Share prices can move quickly, and this might mean the difference between making money and losing money.
Consequently, any trading software should think about using a cross-platform strategy. It should, at the very least, have both a web and an app version. They shouldn't, however, merely be carbon copies of one another.
Trading requires much investigation.
In order to determine whether a stock is worthwhile to buy in, you must consider its historical performance, current financial situation, management, and other factors.
Because of this, many apps include a newsfeed feature that compiles all the pertinent news stories that can affect stock performance.
In this approach, users can obtain information without having to move to another app or website.
Notifications can significantly increase your engagement rates when used properly. According to a study, it could potentially increase retention by 190%.
With trading apps, nothing is different. Only in this case, alerts are much more important because they allow users to keep track of their orders.
Keep in mind that because transactions aren't performed in real time, the price may occasionally change between the time the order is placed and the time it is executed.
Tracking real-time market data
Unsound trading may be influenced by news and market mood. Checking the stock's actual price, however, still takes the cake.
Each and every decision should take price into account. Knowing the ideal price to purchase or sell is the essence of smart trading.
It is great for your app to provide real-time pricing information because some stock values change during the day.
Multiple payment options
If users cannot finance their trading accounts, they are meaningless. Therefore, you should offer a variety of methods for transferring money into the app.
Convenience is the main factor in this. A terrific user experience is made possible by reducing as much friction as possible during the funding process.