Around the world, sports have a huge fan base. While a familiar league takes place, people go crazy about it. Fantasy sports apps are also gaining momentum nowadays. It’s becoming a million-dollar industry. Many startups are eager to create their business in the Fantasy sports platform.
Fantasy sports stock trading is similar to the updated version of the Fantasy sports app. Today, you can do everything that would have been consumed with the help of a mobile app. For everyone, a fantasy sports trading mobile can be of great advantage. Stock trading apps are already a popular category in app development. As per the survey, in 2018, the sports stock trading app came out to be the largest user base of the stock industry.
In this article, we will discuss the key features of a fantasy sports stock trading app and some tips that should be kept in mind before starting your project. Let’s begin this article with an explanation of the app.
What is a Fantasy Sports Stock Trading App?
Fantasy sports Stock Trading App is the kind of modernist game where users tend to trade stocks in the betting game. In a single day, one can earn uniquely with the stock fantasy app. The sole difference is that the user invests within the stocks of a player who is playing during a league.
The player has to play with his brain to predict. If the player plays well, the value of stock increases. If else, the value automatically decreases. Eventually, one can use trading skills and insight knowledge to select the best team of stocks. One is able to choose up to ten stocks each. If you are ready with your team of stocks, you can enter the contest. The performance of the stocks will determine the winner, at the end of the day.
In simple terms, the stock trading app works in the same way as any other Fantasy app. Instead of players from some sports, one has to select the stocks.
What makes them So Popular?
Over 14.1 million people around the world are using online fantasy sports stock trading apps for investing. Its accessibility is due to the biggest advantages of online stock trading software. One of the prominent advantages is one can make a transition from any corner of the world with no barriers to time. It is highly transparent and provides the convenience of use. Here are some benefits to building the fantasy sports stock trading website:
1. Geographical boundaries: One can do business beyond the geographical location. That means any traders just need an internet connection to access the stock market software management system.
2. Easily handle investors and clients: While you develop software, one can develop a technology that keeps all client’s data in a systematic and protected manner.
3. Accessibility: The apps will be available 24/7, hence any user can access the information regarding their investments anytime. It is more convenient when compared to the fantasy sports app.
4. Reduces risk: An online fantasy sports stock market website gives real-time analysis of the market. It helps to choose what stocks are better to trade with the use of artificial intelligence. Hence, it reduces the risk related to investments.
Why Invest in a Stock Fantasy Trading App?
Technology has become the future of every industry. A fantasy sports app is not an exception. If you are thinking of developing online fantasy sports stocks trading software, you should go for it.
The market size of fantasy sports is reported to be 18.6 billion dollars by the year 2019. It is also predicted to grow at a rate of 13.9% between the years 2021 to 2027. There are many other reasons to take a position in it.
Stock trading is a beneficial business for startups. Because it provides fans with the chance to use their stock market knowledge. And also allow them to get rewarded for the same. It also provides opportunities to be employed by several financial institutions to make financial literacy in investment. Fantasy sports stock markets are also more fun and engaging.
For investors, Fantasy Stock gaming apps can be insightful and educational. The cynical generation of millennials has started investing in Fantasy sports apps. One has to be sure about the concept of trading and eliminating risks of monetary loss in real-life trading.
How Does a Fantasy Sports Stock Trading Platform Work?
The work process of the Fantasy sports stock trading app is a simple one. After installing the app, one has to follow the steps explained below.
Step 1: The user has to sign up to the stock market fantasy app with their email ID or social media handle.
Step 2: The user can build their roster of players’ stocks according to their previous performances in the games.
Step 3: The user has to check before finalizing the players to invest in.
Step 4: The user can buy and sell stocks as per the game proceeds after the game starts.
Step 5: The better performance of a player will result in their stocks price going higher and vice versa.
Step 6: The players return with their earnings for the day.
Benefits of Choosing A White-label Fantasy Sports Stock Trading App Solution:
A White Label Fantasy Sports stocks trading Software is a ready-made solution that already incorporates all the fundamental features and functions. This software appeals to those who want to create a fantasy sports stock trading platform of their own in an instant. The benefits of choosing a white label solution are explained below.
SEO Friendly : White label fantasy sports stock software possesses the requisite and innovative features that enable you to make quick market entry.
Marketing Support: A strong team of marketing professionals who provide you with the most proven marketing strategies for your platform.
Higher Level of Security: White label software comes with a higher level of security in gaming operations and also in transactions.
Convenient Transactions: It provides Multiple payment gateways and major cryptocurrencies support. This brings convenience in the payment transactions for your users.
Multiple Device Support: The white-label software is compatible on multiple devices including desktop, mobile, and tablet.
No Revenue Share: One needs not to give any unwanted revenue sharing and has to follow a transparent pricing model.
What features are required for Stock Fantasy Sports App Development?
The plethora of features is an important factor in building a successful Stock fantasy sports app development. Such features are listed below.
1. Dashboard- shows you how your app is performing against other Stock Fantasy apps.
2. App settings and management- Apps like the language, sound option, two-factor authentication, app tutorials, notifications are used to change or edit the app’s experience.
3. Role-Based User Management- Manage and control the activity of all the users, based on their roles, and also remove a user if you sense something suspicious.
4. Leaderboard Management- Showcase the most skillful and earning users on the leaderboard to provide inspiration to others and to praise the top users of your app.
5. Payment and Wallet Management- let you know how many coins have been bought and redeemed by the users.
6. Category Management- Manage the category of all the ongoing and upcoming matches and can manage categories anytime you want.
7. Match Management- Manage the match and the betting amount of the betting in the match.
8. Ads Management- can use all types of ads anytime that you like. And provide complete control of all the in-app advertisements.
9. Referral Management- providing rewards to users who refer their friends and family to download your app.
1. Social Logins- Make signing up for your stock fantasy application effortless and straightforward.
2. leaderboard- A healthy spirit of competition always pushes users to strive for the moon. A leaderboard is perfect for instilling that healthy sportsmanship.
3. Badges- Nothing beats the feeling of accomplishment, and thus to keep your users hooked, use badges for each victory.
4. Players In Form- With the players in the form section, you can highlight the players’ stocks performing well.
5. Charts- No investing instrument is ever complete with a chart. A chart will help show the latest trend of the user’s current stocks.
6. Profile Management- lets users tweak the public profile to their satisfaction.
7. Refer and Earn- better way to increase your customer base than referrals.
The Technical Perspective You Need to Know for Fantasy Stock Market Web Development:
Now that you are well aware of the features one must inculcate into their software. Now it’s time to learn about some of the technical aspects of Fantasy Stock Market Web Development.
1. Website Development: For the first part of the development stage, you need to develop the website. To solve the problem, you can hire the help of an experienced software company. They provide developers skilled in programming languages such as python or java. It can help you with stock market development applications from scratch.
2. Backend Development The backend development includes the development of the server and database of your desktop-based application. To develop the backend phase, one needs a professional to do that. In this phase, they develop functions such as notifications, sign-in, and transactions.
3. Frontend Development The development of the user-side of the application, the screens, the interface is referred to as the frontend development. It also provides you to get access to proficient developers who can get the work done quicker and better.
4. Payment gateway integration While developing the payment gateway, one has to be very careful. Here it provides major options of payment like e-wallets, debit and credit cards, and net banking. And also offers all major banks of the country easier trade.
5. The UI/UX Considerations While keeping UI/UX in mind, you want to build a successful online Fantasy Sports Stock Trading platform. One has to keep the design uncomplicated and efficient.
How Much Does it Cost to Develop a Fantasy Stock Trading App Development?
Are you planning to get a Fantasy sports stock app? Do you know how much it costs to develop a fantasy sports stock trading app? If no, here you will get the answer-
The development cost depends on various factors. And also, considering the time and cost. The other factors that affected the cost to develop are listed below.
1. App platform and type
2. App Features
3. Team structure
4. Technology stack
5. Hired company
6. Developer’s location
The overall cost of a fantasy sports stock trading app can vary depending on these factors along with the time taken in the app development.
After taking into account all these essential aspects, the estimated cost to develop an app would be around $10,000 to $20,000. Although, it will entirely depend upon the business requirements and app intricacy.
Hire the Best Developers to Build Fantasy Sports Stock App:
A startup that wants to build a Fantasy Sports Stock App will end up with Fantasy Sports Tech.
Fantasy Sports Tech is the prominent Fantasy Stock Trading App Development Company in the marketplace. We have the aim to build your app with our skilled and experienced developers. We have experience in building user-interactive gaming platforms and software.
We use cutting-edge technologies to provide your user with the best Fantasy sports stock trading app ever. We aim at bridging the gap between the technologies and the user experience, following the latest trends in the market.
The Benefits of choosing our Fantasy Sports Stock Software are-
Ready to launch – Our software is ready to launch without any hassles.
Bug-free – We provide you with bug-free Stock fantasy sports software. If there are any queries, our experts are there to help you with them.
Cost-efficient – You can get your Software within your pre-defined software.
Technical Expertise – We have expertise in developing a mobile app. The software supports all major platforms like android, IOS, web, and tablets.
On-time delivery – We deliver the software on time. So, you can launch your Stock Fantasy Sports App on a decided time frame.
Talk to our experts and get a free live demo of our bug-free Fantasy Sports Stock Software now!