How much does it cost to build an investment app for the finance sector?

Standard price for an investment app for the finance sector: $45,000

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What is an investment app for the finance sector?

Investment apps for the finance sector help users monitor and manage their investment portfolios in a convenient and comprehensive way. Users can search thousands of publicly traded stocks, bonds, and other securities from within an investment app. The application should provide market alerts when specific security prices hit certain price thresholds or break past a high or low point. The app should also allow users to analyze their investments by comparing performance against benchmarks such as the S&P 500 index or Dow Jones Industrial Average.

Investment apps are related to portfolio management apps, which are also used by consumers. Examples of investment apps for finance professionals include eToro, ZuluTrade, and Bittrex.

Here are some recent investment app for the finance sector examples built with Xperts:

  • An app similar to Acorns for cryptocurrency. The app would buy coins regularly in small amounts with the leftover change from day to day purchases.

What is the typical cost to build an investment app for the finance sector?

An investment app for the finance sector usually costs $45,000 to build. However, the total cost can be as low as $30,000 or as high as $60,000. An investment app for the finance sector with a low number of features (also known as a "minimum viable product", or MVP) will be more affordable than an app that includes all intended functionality.

For example, here are some recent price quotes for an investment app for the finance sector from Xperts:

  • $45,000

How long does it take to build an investment app for the finance sector?

An investment app for the finance sector usually takes 600 hours to build. However, an investment app for the finance sector can be built in as few as 400 hours, or in as many as 800 hours. The exact timeline mostly depends on how complicated your app is. As a general rule, it will take longer if you require highly custom designs, niche features, or non-standard release platforms.

For example, Xperts produced the following recent hourly estimates for an investment app for the finance sector:

  • 600

How to successfully grow your investment app for the finance sector

A finance app can grow rapidly by providing practical information to help users improve their financial situation. Investment apps should be designed with the user's financial goals in mind, and they should also track user activity over time. There are many investment management platforms on the market today, but they often fail to engage users or build long-term relationships because they do not provide actionable advice.

Risks and challenges of building an investment app for the finance sector

Investment apps for the finance sector face legal and reputational risks related to user misrepresentation of identity, fraud, and illegal activities. Your app should be designed to collect as little personal information as possible and to take strong measures to verify that any financial transactions taking place on your platform are legitimate. Your app should be designed to collect as little personal information as possible and to take strong measures to verify that any financial transactions taking place on your platform are legitimate.

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