{"id":5598,"date":"2023-01-03T07:29:58","date_gmt":"2023-01-03T07:29:58","guid":{"rendered":"https:\/\/devexperts.com\/blog\/?p=5598"},"modified":"2024-03-05T08:34:08","modified_gmt":"2024-03-05T08:34:08","slug":"how-brokers-assert-market-dominance-with-stock-trading-apps","status":"publish","type":"post","link":"https:\/\/devexperts.com\/blog\/how-brokers-assert-market-dominance-with-stock-trading-apps\/","title":{"rendered":"How Brokers Assert Market Dominance with Stock Trading Apps"},"content":{"rendered":"\n
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The boom of everything mobile<\/h2>\n\n\n\n

We\u2019re in the boom of everything mobile. We have apps for everything \u2014 and trading is no exception.<\/p>\n\n\n\n

For example, according to businessofapps.com, 130 million people used mobile apps to trade stocks in 2021. In 2020, even during the pandemic and its trading boom, the number of mobile traders was 50% lower.<\/p>\n\n\n\n

But what exactly makes stock trading apps special, and why is the new generation of traders putting mobile first?<\/p>\n\n\n\n

Reasons behind the rise of mobile<\/h2>\n\n\n\n

The core reason is obvious: mobile technology is convenient. Mobile trading apps<\/a> ensure investors can manage their portfolios anytime, anywhere.<\/p>\n\n\n\n

Markets are constantly shifting, and traders may not have time to get to a laptop. A tweet from Elon Musk could change everything in a second, so investors need to act fast, on the spot \u2014 mobile apps let them do this.<\/p>\n\n\n\n

Trading has also become popular among retail investors who may lack access to a laptop within some exchanges\u2019 trading hours. Mobile trading apps accommodate these circumstances and enable traders to invest in various scenarios.<\/p>\n\n\n\n

In 2019, trading apps had 51.9 million users, according to businessofapps.com. As we mentioned, the number\u2019s now surged almost three-fold. And that\u2019s all hard data.<\/p>\n\n\n\n

We\u2019re tired of hearing it, but the pandemic did reshape the world. It gave the mobile craze an unseen push: 32% of millennials<\/a> say they started trading or increased their trading activity thanks to COVID-19. <\/p>\n\n\n\n

Millennials and Gen Z have forced companies to adapt to younger generations\u2019 lifestyles. The new wave of investors values ease of access above everything else. And as we said, mobile apps allow people to trade anywhere, anytime.<\/p>\n\n\n\n

What makes a good mobile trading app? <\/h2>\n\n\n\n

First of all, a good trading app needs a native mobile experience. Aim for vendors that provide native mobile apps for iOS and Android. Generic code just isn\u2019t efficient, and the UIs typically aren\u2019t as good as in native apps.<\/p>\n\n\n\n

Mobile apps also provide a competitive edge because they cater to various traders\u2019 needs. Apps have an intuitive experience that makes it easier for novice investors to start trading. <\/p>\n\n\n\n

Well-thought-out screen layouts guide novice investors through trading tools, helping them to navigate the markets. Seasoned traders also benefit from mobile UIs when paired with comprehensive analysis tools such as charting with numerous studies and full option chains.<\/p>\n\n\n\n

While we\u2019ve covered the basics of how to build a good mobile app<\/a>, here are some must-haves: <\/p>\n\n\n\n