How Much Does It Cost to Develop an AI Trading App Like Moomoo?

Since Artificial Intelligence is transforming every industry, and trading is no exception. Earlier, a traditional broker was needed to do trading, but now, all you need is a single app. With development hitting, the whole trading got transferred to mobile apps, and now the AI Trading app is transforming the whole trading process.

Reports suggest that by 2030, the AI integrated Trading market will surge to 27.67%. This surge in interest naturally leads to wonder, “How much does it cost to develop an AI trading app?”

While talking about trading apps with AI integration, we can’t forget about Moomoo, one of the leading names in the trading sector. Moomoo has amazed traders with its AI-integrated trading app. The ideal combination of AI and Trading apps has impacted to such an extent that they are trying to find more details about the development.

Are you also considering to develop a similar app? If yes, then here’s your guide. This guide will take you through every single detail you need to know about building a trading app like Moomoo. Whether it’s about the cost, the features, or the steps to create a similar app, you will find everything here.

What is Moomoo?

Pioneer leader in the trading sector, Moomoo, was founded back in 2018 by Leaf Hua Li. The AI-based Trading app benefits users with multiple features, including advanced trading tools, live updates of the market data, and all the AI-driven insights.

Whether you are a beginner or a seasoned investor, Moomoo can be your ideal trading partner app. Let’s talk about all the benefits and perks you can have while using the trading app:

• A commission-less AI trading app providing assistance to the traders
• Traders can get quick tips and tricks by connecting with investors globally
• Traders can have access to pro research data tools for checking analytics
• An always accessible app with an easy-to-use interface
• Allows users to customise the dashboard for trading
• Ensures investor security with the Securities Investor Protection Corporation (SIPC)

What are the factors affecting AI-Based Trading App Development Costs?

Before starting with the development process for your AI trading website it is important to understand the factors affecting any mobile app development cost. Here are the major points to look at:

1. Features and Complexity

It’s very important to map out all the features you want in your app to serve the purpose. In line with this, you must know that more complex apps cost more development charges. AI Trading apps like Moomoo have some top-notch features like real-time information updates, robust charging tools, and AI-powered trading computational methods.

2. Types of Platform

It’s essential to decide whether your Moomoo-like trading app will be working on Android devices, iOS devices or both. The development time and charges for the applications working on multiple platforms are much higher.

3. Technology Stack and Tools

To build an AI trading app, you must bring the latest technology stack and tools. By integrating the latest technology and tools, you can develop an app with much better capabilities.

4. Integrating Third-Party APIs

Some needful features of trading apps like accessing data feeds, processing payment systems, and charting the graphs for analytics, require third-party API integration. The cost to develop an AI-Based trading app increases with the increase in the number of integrations.

5. Security Enhancement

A robust security system is a must for every trading app. It’s more than important to incorporate a reliable security system for safety precautions, including encryption, strong authentication, and adherence to industry regulations. Researching and incorporating these security enhancements can take more development time and expense.

AI Trading App Development Cost

The cost to develop an AI trading app can vary depending on several choices of integration and functionalities. Similarly, for the AI trading apps such as Moomoo, the budget can range from $40,000 to $300,000.

Let’s understand this better by considering all the key factors affecting the cost of the AI trading app development process.

Complexity of the App

1. The estimated budget for building a basic trading app with few AI integrations, like simple charting, can range from $40,000 to $60,000. A simple application with less complexity and integration can be built within 2–3 months.
2. Trading apps with mid-level complexity and several other integrations like prediction tools and real-time analytics can range from $60,000-$90,000, taking 3–6 months of working.
3. Advanced apps with features like leading-edge AI, algorithmic trading, and customisable portfolio management are expensive to build, ranging from $90,000 to $300,000. The time to build and deploy such applications can be more than 8 months.

Design Requirements of the App

According to the budget criteria you set to build your AI-based trading app, you can decide on the design pattern and visualisation.

1. For Simple Designs- $5,000-$15,000
2. For High-Quality Designs with custom animations- $20,000 to $40,000

Development Team and Location

Another factor that can affect your budget allocation depends on the development company and its location. Interstingly, hiring a mobile app development company in India can save you money compared to those in Western Europe and the UK.

How to Create an AI Trading App Like Moomoo

If you are all set to begin with the process of creating an AI stock trading app, then try considering the steps jotted down below:

1. Market Research

• To beat the current trend, you must do market research following your competitors and other similar apps like Moomoo AI trading.
• Try mapping out the strengths and features of other similar applications.

2. Define Core Features and Planning

• Bring out all the core and advanced features to provide a competitive edge. Certain core features you can include in your app are real-time stock monitoring, alerts, and updates.
• Plan to integrate advanced features like AI-powered trade recommendations, customisable dashboards, predictions, and social trading functionalities.

3. Selection of Technology Stack

• From multiple stack options, make a selection for the scalable and secure technology that ensures reliability.
• Make use of frameworks like React Native or Flutter to boost cross-platform compatibility.
• To ensure the security of the collected data you can integrate solutions like PostgreSQL or MongoDB along with other APIs for showing real-time financial data.

4. AI Integration

• Research and find the right AI integration to match the purpose and functionalities of your AI trading app like Moomoo. You can provide predictive analytics, market trend forecasting, and personalised trading recommendations.
• Integrate machine learning algorithms to scan bulk datasets and recognise the pattern.
• Manage risk management, portfolio optimisation, and trade execution by designing algorithms.

5. Compliance and Security

• While building a trading app, ensure that all regulatory compliance is followed, such as data privacy and robust security practices.
• It is important to prioritise the security of user’s personal and financial data.

6. Designing and Development

• One of the most important points is to develop a user-friendly interface that makes it easier for users. Eliminate all the complexities like managing portfolios and analysing trade charts.
• To ensure data retrieval, order processing, and AI Integration, creating a server-side logic is a must.

7. Testing and Deployment

• Run a test to ensure the AI integrations and functionalities are working perfectly fine.
• Check for security, responsiveness, and bug fixation
• Check the app performance, user feedback, and market response after you deploy the app to app stores.
• Practice regular checking to fix bugs, if any.

Conclusion

By the end of this guide, you may now have an idea of the cost to develop an AI trading app like Moomoo. However, the exact amount can change depending on several factors. Developing apps like Moomoo requires expertise, and it’s always best to connect with a dedicated AI app development company to build one. With industry expertise, you can smoothly develop a mobile app customized to fit your business requirements and achieve the desired goals.