How To Make Stock Trading App Like Fidelity

Like most things these days, trading has become digital. There have been numerous mobile applications developed that people can use for trading. One of the most popular of these is the fidelity stock trading app. In this blog today, we will learn how to make a stock trading app like Fidelity.

Let us start with the basics.

Fidelity stock trading app

Fidelity Investments is one of the best tradings app available in the market. It offers $0 commission stock, ETF, and all other options. Some other features that make fidelity stand out are:

#1 Usability

The fidelity trading app is a user-friendly application. The firm has very smartly offered two platforms – one for active traders and one for basic investors.
The onboarding process created by fidelity is relatively simple, especially if you are adding another account to an already existing household.
They also have a web-based solution that offers a plethora of analytics, such as charts and watchlist, that makes trading much easier for basic investors.
Their Active Trader Pro platform offers more experienced traders a more comprehensive range of features than what they offer on their web solution.

#2 Experience: Web Solution

As also discussed above, the workflow of fidelity’s web solution is relatively simple. Analytics such as real-time news and tickers can help ensure the position of your trade at all times.
There are many tabs and drop-down choices that the trader must choose from when looking for new trading solutions.
Under News & Research, traders can find stocks by market cap, dividend yield, the top rating in the sector, etc.
Although a few default filters can be set in advance, the trader must make most of the trading choices on the spot.

#3 Experience: Mobile Application

You can exchange stocks, ETFs, choices, and standard assets on a fidelity trading app, yet not fixed pay.
Fidelity has empowered partial offer exchanging on its mobile applications; clients determine dollars instead of shares when entering a request.
The mobile application is filled with features capable of just as much as the web solution. Traders get pretty much all they need to indulge in trading.
Analytics (such as charting) is limited but available.

#4 Range

Fidelity offers a wide range of offerings to its clients.
They can access a wide swath of assets on its web solution and the Active Trader Pro platform.
Equities, options, and trader funds are available on the app.
Although, one setback is that the fidelity trading app does not enable futuristic offerings such as cryptocurrency.

#5 Types Of Order

Fidelity allows the users to access a range of orders such as one-cancels-another and one-triggers-another on both the website and Active Trader Pro.
The mobile application does not process conditional orders yet.
Using Fidelity’s basket trading services, the trader can select up to 50 stocks (known as a basket) and monitor, trade, and manage them as one single entity.
This feature is uncommon between trading apps.

#6 Technology

Fidelity uses Fidelity Dynamic Liquidity Management (FDLM) as its execution engine to seek the best prices.
This improves the all-over average for its clients.
Although, when it comes to options, fidelity relies on third-party smart order routing technology.

#7 Cost

Fidelity’s fee complies with the other industry tycoons, especially since they introduced their zero-fee policy.
There is no commission on ETF, OTCBB trades, and online equities.
Another benefit is zero pre-leg commission on the options trades.
There are, though, per-contract commissions costing around $0.65
They charge a fee of $75 on some mutual funds like Vanguard Funds.
The trader must take a good look at the international trades as fidelity charges a significant commission on those.

#8 Research

The research filters available on the website include flexible screeners made for stocks, ETFs, mutual funds, and fixed income. Additionally, a range of tools and calculators are also available.
There are also numerous built-in screens that can be customized. One of them is the ETF screener. It has a similar look and feels like the stock screener, but its analyst ratings make it different.
Similarly, for options, fidelity provides traders with expert scanners as well as customizable scanners.

Are stock trading apps worth it?

In mobile trading buzz, many traders wonder if you can make good money out of it.

Now downloading the application itself may not be enough. But, with a good strategy in hand, you can make money.

Let us walk you through that strategy and clear the are stock trading apps worth it. Dilemma.

Step 1 – Find a trading app.

Naturally, you have to begin with finding the trading app that would suit your needs best.

(in the latter section of the blog, we have discussed the five best stock trading apps in the market. This would help you choose one for yourself.)

Most of the apps available these days are focused on a particular trading instrument. That is why we would suggest you decide which instrument you will deal in and then download the app.

Step 2 – Learn how to trade.

Let’s face it. Trading is no child’s play. One must need a basic understanding and know-how about how the process works.

But thanks to the magic of the internet, there are many courses online that you can attend for this skill. Some of them are ebooks, some videos, and some webinars. You can choose the one that you prefer.

As per our experience, the best way to learn would be a course + demo account.

What is a demo account? It is a risk-free trading platform for beginners. Many trading apps provide these as well. Here you can practically learn trading by actually doing it and not incurring any risk.

Step 3 – Start off!

Now that you have the necessary knowledge and a trading app in hand, it is time to develop your strategy. Your strategy can depend on the availability of funds, timeframe constraints, and the instrument you wish to deal with.

Once you decide on all of the above, start trading!

What is the best stock market trading app?

To find out what’s the best stock trading app, several factors need to be taken into consideration. After running a thorough analysis, we have come up with the following five best stock trading apps:

Ameritrade

TD Ameritrade has something to offer for everyone. Their basic mobile application is a good choice for beginners or investors who are always on the go. Professionals can level up on their upgraded app for a better trading experience.

The TD Ameritrade brokerage account has no minimum limit or hidden fee on trading stocks and ETFs.

Fidelity

Since we have covered enough about this platform above, let us have a quick summary.

Fidelity’s platform range provides convenience to both beginners and professionals in trading. As they offer $0 stock and ETF, a lot can be done here at a much lower cost.

Fidelity offers app versions for IOS devices, Android devices, as well as Amazon devices.

Webull

Webull is an excellent platform for experienced traders. It is not heavy on educational resources, but it does offer plenty of features.

The highlight? It is almost free! They charge no commission on trades (including stocks and ETFs). They have introduced cryptocurrency, but finding other sources like bonds and mutual funds will be difficult.

SoFi

Short for social finance, SoFi provides loans, banking, and investment via their mobile application. If you are someone looking to learn about stock trading, this platform is ideal for you.

They offer commission-free shares and stock bits (fractional shares). Their low minimum balance requirement is $1. The learning section under the investment tab can make choosing the perfect trade easier.

Tastyworks

It may not be as popular as the other ones, but it is equally good. Its app is the perfect place for options trading.

There is no free on stock and ETF trading. The app offers some advanced features that may confuse beginners.

How to make a stock trading app like fidelity?

To develop a successful trading app, there are a few stages that one must follow:

Market research
Core marketing strategy
Application architecture and design
Choice of platform
Testing and quality check

One can follow these stages flawlessly only if the development team is aware and uses a comprehensive set of tools.

Trading apps consist of extensive data. For this reason, one must go for an automated rules-based mobile trading app using multi-language third-party APIs.

Features that a stock trading app must include:

Dashboard: on an online dashboard, the user can access all their data, leading to a friendlier user experience.

Real-time updates on stocks and charts: the app can provide traders with real-time stock fluctuations to help them stay on track.

Screeners and scanners: these screeners will use metrics and data analysis to derive the stock charts and other important information.
Watchlist: these watchlists keep track of stocks and update users on the prices. Using this information, they can decide and plan their investments.

Conclusion

In this new millennial era, stock trading apps will take the lead. Major investment decisions would also be taken via such apps.

Now you know and understand the key points of stock app development. Use that to your benefit by getting your own trading app developed. Idea Usher can provide you with the best resources for your stock trading app development.

To have a look at the quality of results we provide, take a look at our portfolio page. If you are still not convinced, try contacting us for a free consultation with our tech experts.

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FAQs

Q. What is a stock trading app like Fidelity?

Ans: A stock trading app like Fidelity is a mobile application that allows users to buy, sell, and manage stocks, securities, and other financial instruments. It provides a platform for investors to access real-time market data, execute trades, and monitor their investment portfolios.

Q. How do I monetize my stock trading app?

Ans: You can monetize your app through various methods, including:

Charging users for premium features, such as advanced analytics or research tools.
Offering subscription plans with tiered benefits.
Taking a commission or fee for each trade executed through the app.
Integrating sponsored content or advertisements from financial institutions.

Prarthna Mathur

Prarthna works with Idea Usher under the content creation and marketing department. She follows the motto of Smart Work rather than Hard Work. She combines her research capabilities and conversational tone to write understandable and informative content for her readers

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