10 Best Features of Stock Trading Apps

A stock trading application lets users buy, sell, and view transactions on the stock market. It provides real-time analytics and advanced portfolio management. These features help the busy investor understand the movement of his portfolio and make changes accordingly. The investment tools, trends, technology, and opportunities save extra fees.

Features of stock trading apps

The best features to include in developing a stock trading application are as follows:

1. Keep track of your investments

An investor would love to know about the stocks they have invested in and monitor their progress. It is tricky to manage to track physically, especially if the investor is a busy person with voluminous transactions occurring every day. An app simplifies this aspect with a separate section to view your portfolio.

The stock trading application lets users view the transaction history, meaning the apps they have bought and sold. Moreover, they can make payments securely and check the status of their transactions. Any deposits and withdrawals of currencies must be accurately available on the app.

2. Monitor your portfolio’s value

The stock market is highly fluctuating, with a bit of disturbance plummeting or rising the stock prices. These changes pose a risk for investors, who can lose money with the fall in the value of stocks. That is why they need to monitor and track their portfolio value regularly.

A stock trading application must address this issue by providing portfolio management and value in real-time. It should reflect accurate and updated information of where the portfolio stands. It should be easy to access.

The app should provide an at-a-glance view of the total portfolio balance, current market valuation, and position. It facilitates users to make buying, selling, and other decisions accordingly.

3. Get instant updates on the market

Every day something happens in the market that contributes to the rise or fall of stock prices. Every investor must know what is happening and how it affects their portfolio. Manually, it is not possible to keep track of the latest news on time.

A stock trading application offers push notifications with instant updates about the market affecting factors to counter this issue. Investors can get detailed information about the latest IPO (Initial Public Offers) details, winners, losers, etc.

It is a highly crucial feature, and no stock trading app should ignore it. Investors thrive on the real-time updated news that affects them directly.

4. Set up text alerts

An occupied investor bears no time to open the app, check the portfolio, view the latest updates, etc. It becomes tricky to notice a crucial piece of information that can turn their portfolio around in such cases.

Therefore, it is essential to include text alerts in the application that send vital information about the portfolio movement, current funds status, live news, etc. These alerts help the user keep in touch with the application.

However, an investor should not get attacked with loads of alerts every time. The app should set a proper time for timely yet non-bothering signals.

5. Chat rooms make it easy to share information and learn tips from other traders

While using the application, it would be best if the users could connect to other investors. Many amateur investors can get the needed guidance by conversing with professionals. Similarly, long-term investors can talk about current and future situations.

With seamless communication features in the application, users located at a distance can connect and share their experiences, knowledge, and more. A chat room links users and lets them discuss, learn, and disrupt the market. When like-minded people join hands, they can move mountains.

Connecting the share market community through the application can help spread widespread knowledge about the terms, tips, and tricks of staying and ruling the market. Users can share their experiences, opinions, suggestions on various matters and have healthy discussions.

6. Declare stock market gains or losses to the tax department

Every investor has to report the gains or losses from the stock market. However, it can be cumbersome to calculate and send the information to relevant authorities. An application that streamlines activities and makes life efficient is vital.

Stock trading applications facilitate users in reporting information about their gains or losses to the taxation authorities. This information plays a significant role in income tax returns. Connecting the two will introduce efficiency to otherwise tedious tasks.

7. Read the news and stay updated on market trends

News plays an integral role in an investors’ life who thrives on the market updates, trends, predictions, etc. Therefore, it would be disrespectful not to include this aspect in a stock trading application.

Notifying users about the latest values of different stocks, current market scenarios, predicting the future based on current conditions, live discussions, etc., will assist their decision-making process. It will help them make relevant decisions on time with up-to-date information and facts.

8. Calculate investments and portfolio value

The users of stock trading applications must be able to gather the necessary information to calculate investments, portfolio value, ascertain movements, etc. They must have the essential tools, charts, infographics that provide relevant information at a glance.

Acknowledging the trades transactions can help analyze market trends that influence buying, holding, and selling decisions. Various kinds of reports and performance charts make it easy to understand the current scenario and forecast.

Moreover, a dashboard offers all the critical insights on one page, accelerating information processing. It ensures users stay updated with ongoing changes in investments and portfolio values.

9. Correlate stocks with commodities or indices

Many investors like to deal in commodities and other indices along with common stocks. However, having a proper correlation between the two aspects is crucial to ensure they do not lose money.

Many investors use commodities as hedge funds for the stock market, meaning they safeguard their investments by transferring funds from high-risk stocks to low-risk commodities or other indices. There must be an accurate balance to ensure adequate returns.

The correlation feature in a stock trading app is valuable for users looking to expand and diversify their portfolios securely.

10. Multiple trading options

A stock trading application should not restrict to specific stocks only. Instead, it should provide expansion and diversification opportunities to investors. It should help trade in multiple options, including:

• Cryptocurrency
• Common stock (equity)
• Commodities
• Currency trading
• Futures, options, Derivatives, etc

Conclusion

A stock trading application must address the grievances and pain points of investors. It should include value-adding and enriching features that contribute to higher efficiency and productivity for investors.