TradingView is ranked #6 under the category of Finance. The app had 188.4 million visitors in July making it the most grossed app in Saudi Arabia. If you too are planning to create an app like TradingView then you are at the right place.
Here we will be informing you about the cost and the process of creating an app like TradingView, so let’s have a look at the content of this post-
- What Is TradingView App?
- Must-Have Features Of An App Like TradingView
- Cost Of creating an app like TradingView
- How To Create An App Like Trading View?
- How Appic Softwares Can Help You Create An App Like Trading View?
What Is Trading View App?
TradingView is a popular web-based platform and mobile app that provides advanced charting and analysis tools for traders and investors in the financial markets. It offers a wide range of features, including real-time data, customizable charts, technical indicators, drawing tools, and social networking capabilities that allow users to share ideas and strategies with others.
TradingView supports a variety of asset classes such as stocks, forex (foreign exchange), cryptocurrencies, commodities, indices, and more. Users can create and save their custom indicators and strategies, set up alerts for price movements and technical events, and access a vast library of pre-built indicators and studies.
The platform is known for its user-friendly interface and powerful visualization tools, making it popular among both novice and experienced traders for conducting technical analysis and making trading decisions. It’s worth noting that TradingView offers both free and paid subscription plans, with the paid plans unlocking additional features and data sources.
Also Read: Cost Of Creating An App Like Groww
Must-Have Features Of An App Like TradingView
Creating an app similar to TradingView involves incorporating a variety of essential features to ensure a comprehensive and user-friendly experience for traders and investors. Here are some must-have features for an app like TradingView:
- Real-Time Data: Provide real-time data feeds for various financial instruments, including stocks, forex, cryptocurrencies, commodities, and indices.
- Interactive Charts: Offer interactive and customizable charts with multiple timeframes, candlestick patterns, and chart types (line, bar, candlestick).
- Technical Indicators: Include a wide range of technical indicators (moving averages, RSI, MACD, Bollinger Bands, etc.) that users can apply to charts for analysis.
- Drawing Tools: Provide drawing tools for users to annotate charts with trendlines, support and resistance levels, Fibonacci retracements, and other annotations.
- Customization Options: Allow users to personalize their charts by adjusting colors, backgrounds, and other visual settings.
- Alerts and Notifications: Enable users to set up price alerts, indicator-based alerts, and news alerts to receive notifications when specific conditions are met.
- Watchlists: Allow users to create and manage watchlists of their favorite assets for easy monitoring.
- News and Analysis: Integrate a news feed or provide access to financial news and analysis to help users stay informed about market developments.
- Social Interaction: Incorporate social networking features that allow users to share their analyses, ideas, and strategies with others within the app’s community.
- Backtesting and Strategy Building: Include a feature that allows users to backtest trading strategies using historical data and develop automated trading strategies based on technical indicators.
- Paper Trading: Offer a simulated trading environment where users can practice trading without using real money.
- Cross-Platform Compatibility: Ensure the app is accessible on multiple platforms, including web, iOS, and Android devices.
- User Profiles: This allows users to create profiles, track their trading performance, and showcase their achievements.
- Secure Authentication: Implement strong user authentication and data encryption to ensure the security of user accounts and sensitive information.
- Multi-Language Support: Provide support for multiple languages to cater to a diverse user base.
- Customer Support: Offer responsive customer support channels, such as in-app chat, email, or phone, to assist users with any issues or inquiries.
- Integration with Brokers: Optionally, allow users to connect their trading accounts with compatible brokerage platforms for seamless execution of trades.
- Payment Options: If offering a freemium or subscription model, provide various payment options for users to choose from.
- Performance Metrics: Display key performance metrics, such as account balance, equity, and trading history, in a clear and easily accessible manner.
- Data Exporting: Allow users to export chart data, technical analysis, and trading history for further analysis outside the app
Remember that the success of your app will depend on the quality of execution, user interface design, and the ability to continuously update and improve the app based on user feedback and changing market conditions.
Cost Of Creating An App Like TradingView
The cost of creating an app like TradingView can vary widely depending on several factors, including the complexity of features, the size of the development team, the platform(s) you’re targeting (web, iOS, Android), the technology stack used, the level of customization, and the geographic location of the development team. Here’s a breakdown of some cost considerations:
- Development Team: The size and expertise of your development team will significantly impact costs. A team with experienced developers, UI/UX designers, backend engineers, and possibly financial experts will incur higher costs.
- Features and Functionality: The more advanced and sophisticated features you want to include, such as real-time data integration, technical indicators, charting tools, social features, backtesting, and strategy building, the higher the development cost.
- Platform(s): Developing for multiple platforms (web, iOS, Android) will increase costs. However, opting for a cross-platform framework may help mitigate some expenses.
- Design and User Experience: A user-friendly and visually appealing design is crucial for a fintech app. High-quality UI/UX design can contribute to higher costs.
- Backend Development: Building a robust backend infrastructure for data processing, storage, and security will add to the overall cost.
- Data Feeds and Licensing: If you’re incorporating real-time financial data feeds, you’ll need to account for data provider costs and potential licensing fees.
- Security and Compliance: Implementing strong security measures and ensuring compliance with financial industry regulations may increase development costs.
- Testing and Quality Assurance: Rigorous testing and quality assurance processes are essential for a reliable app, but they can contribute to project costs.
- Maintenance and Updates: Ongoing maintenance, updates, and customer support will incur additional costs after the initial development.
- Geographic Location: The cost of development can vary based on the geographic location of the development team. Developers in regions with higher living costs may charge more.
Let’s have a look at the total development cost:
Estimated Cost Range
|Market Research and Idea Validation
|$5,000 – $10,000
|Define Features and Functionality
|$10,000 – $20,000
|Choose Technology Stack
|$15,000 – $30,000
|Secure Reliable Market Data Sources
|Varies based on data providers
|Develop Backend Infrastructure
|$10,000 – $12,000+
|$5,000 – $8,000
|Integrate Trading and Order Execution
|$4,000 – $8,000
|Test and Launch
|$5,000 – $7,000
It’s challenging to provide an exact figure without detailed project specifications, but creating a comprehensive app like TradingView can involve a significant investment, potentially ranging from hundreds of thousands to several million dollars.
How To Create An App Like TradingView?
Creating an app like TradingView is a complex endeavor that requires a combination of technical expertise, financial market knowledge, and a solid development plan. Here’s a high-level overview of the steps you can take to create an app like TradingView:
Market Research and Planning:
- Define your app’s unique selling points (USPs) and features that will differentiate it from existing platforms.
- Create a detailed business plan that outlines your app’s goals, monetization strategy, and development roadmap.
Gather a Team:
- Assemble a team of skilled professionals, including developers, designers, financial experts, and product managers.
Choose a Technology Stack:
Design and User Experience (UX):
- Create a user-friendly and intuitive interface design allowing users to easily navigate charts, indicators, and other features.
- Focus on responsive design to ensure a consistent experience across various devices and screen sizes.
Real-Time Data Integration:
- Implement real-time data feeds from reliable financial data providers. You may need to negotiate data licensing agreements.
Charting and Technical Analysis Tools:
- Develop interactive and customizable charts with various chart types, timeframes, and drawing tools.
- Integrate a wide range of technical indicators and studies.
User Profiles and Social Features:
- Implement user authentication and profile creation.
- Develop features for users to share ideas, analyses, and strategies with others in the community.
Alerts and Notifications:
- Create a system for users to set up alerts based on price movements, technical events, and news updates.
Backtesting and Strategy Building:
Build a feature that allows users to backtest trading strategies using historical data.
Develop tools for creating, testing, and executing automated trading strategies.
- Create a simulated trading environment where users can practice trading without using real money.
Security and Data Privacy:
- Implement robust security measures to protect user data and ensure secure transactions.
- Comply with relevant data privacy regulations, such as GDPR or CCPA.
Testing and Quality Assurance:
Conduct rigorous testing of all app features and functionalities to identify and fix bugs and usability issues.
Deployment and Launch:
- Deploy your app to web and mobile platforms (iOS and Android).
- Launch your app to a selected audience, gather feedback, and make improvements based on user input.
Marketing and User Acquisition:
- Utilize digital marketing, social media, and partnerships to increase visibility.
- Regularly update your app based on user feedback, market trends, and technological advancements.
Creating an app like TradingView requires a significant investment of time, resources, and expertise. It’s important to have a clear vision, a solid development plan, and a commitment to delivering a high-quality product that meets the needs of traders and investors in the financial markets.
How Appic Softwares Can Help You Create An App Like Trading View?
When it comes to developing a sophisticated and feature-rich app like TradingView, partnering with an experienced and innovative mobile app development company can make a world of difference. Appic Softwares, with its seasoned team of developers and a proven track record in fintech app development, is the ideal partner to bring your vision to life. Here’s how Appic Softwares can assist you in creating an app like TradingView:
Expertise In Fintech App Development
Appic Softwares boasts a team of highly skilled developers who have extensive experience in building fintech applications. With a deep understanding of the financial markets, trading, and investment, the team at Appic Softwares is well-equipped to develop the intricate features and functionalities that an app like TradingView demands.
Tailored Solutions for Your Unique Vision
No two apps are the same, and Appic Softwares understands the importance of tailoring solutions to fit your specific vision and requirements. Whether you’re looking to replicate certain features of TradingView or innovate with new functionalities, Appic Softwares will work closely with you to develop a customized solution that aligns perfectly with your business goals.
Real-Time Data Integration
One of the key features of an app like TradingView is real-time data integration. Appic Softwares has the technical prowess to seamlessly integrate real-time data feeds from reliable financial data providers, ensuring that your app provides users with accurate and up-to-date market information.
Robust Technical Analysis Tools
Building sophisticated charting and technical analysis tools is a hallmark of Appic Softwares’ expertise. From customizable charts to a comprehensive library of technical indicators, the development team can create a user-friendly interface that empowers traders and investors to make informed decisions.
Security and Data Privacy
In the fintech industry, security and data privacy are of paramount importance. Appic Softwares takes security seriously and will implement robust security measures to safeguard user data and ensure secure transactions, while also complying with relevant data privacy regulations.
Collaborative Development Process
Appic Softwares believes in a collaborative and transparent development process. Throughout the development lifecycle, you’ll have the opportunity to provide feedback, suggest enhancements, and monitor progress. This ensures that the end result aligns with your vision and meets your expectations.
Continuous Support and Updates
Creating an app like TradingView is not just about the initial development; it’s an ongoing journey. Appic Softwares is committed to providing continuous support, updates, and improvements to keep your app competitive in a rapidly evolving fintech landscape.
In conclusion, partnering with Appic Softwares can greatly accelerate the process of creating an app like TradingView. Their experienced team, deep understanding of fintech, and dedication to delivering high-quality solutions make them an ideal choice for turning your app idea into a reality.