Zerodha Clone: Your Golden Ticket To Irrupt Into The Stockbroker IndustryAuthor Zerodha Clone
Doing business has never been this easy earlier, considering the many advantages that can be exploited nowadays. From looking at the market to start a business to get to know about the stock exchange, agents are all wieldier than before because of the digital era, which is providing everyone with trading apps. The benefits that they are providing are immeasurable, leading to the many app developments for the past five years.
The trailblazing trading app, among the many others in the stockbroker industry, is the Zerodha app.
Before we get to know all the nitty-gritty of Zerodha, we’ll get to know what a trading app is. Ready?
What is a trading app, and why are they trending?
Generally, if we take any scenario, the development of any apps or websites will be to make life easier for a person. Entrepreneurs took this irresistible trend and decided to use the benefits, thereby increasing the efficiency of their businesses. Brokerage companies came forward in building an automated trading system, and that’s how these apps went into a successful existence.
To bring things under control and to conduct all the transactions of the stock market effortlessly were the things that they wanted to provide using the app, and ever since their emergence, it strictly catered these things to its users.
Now that you have a little understanding, learn more with the upcoming sections.
What is Zerodha?
The platform was founded by Nithin Kamath and Nikhil Kamath in August 2010. It is a trading platform application, which has become the most prominent stockbroker in India. About 15% of India’s retail trading volume is contributed by the app. The app contains over 4 million clients in just India. Its services involve:
- Equity trading
- Derivatives trading
- Mutual funds
- Currency trading and
- Commodity trading
Aimed at providing the stock market efficiently in an application, it aims for both the groups:
- People who are interested in investing in long-term companies and
- People who want to make a short-term deal.
Eyeing this as an excellent opportunity, our Appdupe team is here to provide all the aspiring entrepreneurs a robust Zerodha Clone solution. Inspired by the top trading app, the solution comes with all the functionalities and features that help people launch an excellent app that conquers the stockbroker industry.
Blue-chip features of the stock market apps
Check-in: Users are provided with a secure and straightforward authorization process, as the app is based on the finance sector. They will have different registration options like phone numbers, email, and social networks. The app also uses the Touch ID system, making the process easier for future usage.
User page: The page allows the management of personal data where the information can be edited and updated later whenever the user wishes to make changes.
Payments and transactions: A useful feature among the others, it lets users execute orders and allows them to monitor and manage the flow-of-funds.
Newsfeed: As an essential feature of the stock market app development, the feature is used in notifying users about the news of the trading industry, exchange rates, and many other things in real-time, thereby allowing participants to remain on the alert. As the stock market is susceptible to any event, the feature plays a significant role. Suppose, if a restaurant brand has fallen under lousy criticism, the chances are high that it can be cheap to buy them. The news should be collected from various sources like expert opinions, financial analysis reports, etc., for presenting the accurate feed.
Updated portfolios list: Users should possess the ability to track the updated portfolios in real-time and monitor his/her positions in it.
Deposits: This feature offers an easy way to check the deposit’s status anytime without any time. It plays an essential role in making the platform a highly demanded one.
Quote monitoring: It helps users to see the updates of the quote in real-time mode.
Search: It lets users search for a piece of information conveniently, saving their time.
Analytics: Stock market participants can observe the statistics and analyze the transaction results, trades, etc. It also offers different types of reports and performance charts.
Advanced sort and filter: Having to sort and filter on one’s own can be more problematic. This feature replaces that strenuous task by outputting data in a format that is user-friendly and easy.
Push notification: It helps to keep up the relationship between the users and the app. Like in every other app, this feature plays a critical role in this app too.
Willing to develop a robust trading app like Zerodha Clone?
Eminent working model of the Zerodha Clone
The app primarily works on the online discount broker model. The sole goal of the app is to help people to trade at a meager cost. The application is stocked with cutting-edge technologies that provide the best trading services.
Once they download the app, they have to send an online request for activating the mobile trade platform. Suppose an existing user can log in just with their current client ID and password. Users can seamlessly transfer funds from their bank accounts to the trading accounts only through their smartphones. It ensures that the users won’t miss any opportunities due to a lack of funds.
- Easy registration, as they won’t have to type in their details every time when they enter the app after the first usage.
- Users can trade everything on the move.
- Even the investors in a small town can access the stock market like never before.
- People who don’t have access to computers can make better use of the app.
- Can keep track of the volatile market to keep up with its changes
- The app also offers trading ideas apart from providing access to company-specific data.
- Brokerage charges are lower when compared to the costs of call-in trades.
The revenue model of the Zerodha Clone solution
There has to be the best mantra for every company to have good success and good revenue. Well, the mantra that can be used here is the low transaction fee. Yes, you heard it right. You can follow the ‘discount broking’ model.
Meaning that you can charge a minimum transaction fee that may lead to a higher trading volume. It means there will be a large number of clients, and it, in turn, means that there will be good revenue.
Cost to develop a trading app like Zerodha
Just like building a new home, building an app is not rocket science, where you have to take care of every step carefully. Here, you must wisely spend your money, as there are many factors you need to take care of. Some factors that might primarily affect the cost are:
- The development company
- The total distance of the development company
- Number of features integrated into the app
- Customization done
- Various add-ons and plug-ins are added.
- Number of members in the development team
- All these factors might affect primarily.
As you are choosing the readymade solution, when you rely on an experienced finance app development company like Appdupe, you get the best trading app solution at an affordable price. So why do you want to wait further? Please make the most out of it right away!
Want to develop a dynamic trading app?
Why develop the mobile stock trading app?
Investors always need trading solutions, and online trading apps are used to search for these solutions, which also helps them follow strategy while remaining within budget.
Is the app compatible with any platform?
Yes, the app is highly compatible and can be deployed on iOS or Android, or to both platforms.
How does the app do a profitable business if the transaction fee is so low?
Believe it or not, but vast profits are assured when you provide low trade. As it increases the volume of customers, it anyway makes it end up in a successful business.
Marketing is my soul mate and writing is my side kick. Using my writing skills to share the knowledge of app development and upcoming technologies.