How To Build A Social Trading Platform Like eToro

Looking to develop an eToro clone app for your business? If so, then stay glued to our site! Build and launch a mesmerizing eToro clone for users so they can perform smooth trading without any hassle. Our developers will help you build a state-of-the-art application on both iOS and Android platforms.

What is eToro?

It's a social investment and trading platform that offers extensive trading services to users in terms of stocks, crypto assets, commodities, currencies, etc. All-inclusive client data is shown with details related to the risk score, gain %, etc.

The eToro clone app possesses all the features and functionalities of the original one, which allows you to buy stocks without paying commission fees. Overall, it's one of the top social trading platforms catering to millions of users.

Facts Related To The eToro App

• Caters to 35M users worldwide
• Till now, 6000 assets have been traded, making it a leading social investing platform
• Includes 20 global stocks and 100 cryptocurrencies
• Allows copy trading to replicate the action of the experienced/master trader

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eToro Clone App Solutions

Harness the power of our eToro clone app solutions and build a trading platform that offers smooth trading of assets, such as cryptocurrencies, forex, stocks, CFDs, commodities, etc. Hire our team of developers to help you develop a copy trading app like eToro that offers low-cost trading at affordable prices.

Another significant feature of eToro Clone is copy trading, which instructs users to copy another trader's account. This could be done either manually or automatically.

Salient Features Of Our eToro Clone

Get ready to witness the spellbound facets of the eToro clone and make your trading experience worthwhile. Check out the essential ones as under;

Staking

Enables users to hold supported crypto assets and gain rewards automatically supported with ultra-security and efficiency.

Copy Trading

Allows users to copy the moves of the experienced trader in real-time without any additional charges, saving time.

Smart Portfolios

Allows users to access long-term investment portfolios specifically curated by analysts, with unique investment strategies that help retrieve market trends.

Earnings Reports Calendar

Helps users to find out their quarterly earnings reports, has details about the dividends, helps drive stock prices and makes perfect market predictions.

Smart Tracking

The availability of the delta smart tracker gives an accurate view of the user's investments and subsequently helps manage portfolios and monitor the performance in real-time.

eToro Clone App: Add-On Features

Have a glimpse of the additional characteristics of the eToro app clone that act as the multi-platform, powerful dashboard, scalability, cloud integration, etc.

Social Trading Experience

One of the most pivotal features of the Etoro app Clone is that it allows seamless communication and sharing of trading strategies and experiences with each other.

It works for experienced and novice traders, who gain recognition and gain meaningful insights to perform successful trading.

User-Friendly Interface

Our copy trading platform is highly intuitive and easily navigable, which enhances the user's overall trading experience.

Multilingual

The app is available in multiple languages, making it accessible to users worldwide who want to trade nonstop.

Crypto Investment Attribute

The app features crypto trading and allows users to explore powerful attributes with transparent fees, opening the way for many people.

Cap On Withdrawal

The user can set certain limits while auto-withdrawing as admin without facing any difficulty.

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Must-Have Security Features Present In Our eToro Clone App

As a trading platform, it becomes crucial to instill certain security features to safeguard user data and perform secure transactions. Here, we have enlisted the top ones as under;

Account Activity Monitoring

Our Etoro clone app has an in-built tracking system supported by Delta that automatically spots suspicious activities and catches multiple failed login attempts from various locations.

Two-Factor Authentication

2FA helps add an additional layer of security to protect information. This procedure requires a two-time verification code to proceed with the login and prevent unauthorized access to threats.

Secure Payment Gateways

Our developed copy trading app, like Etoro, comes with secure payment gateways, which are necessary for processing payments. Every transaction taking place through the platform is kept safe to maintain the trust of the users.

DDoS Protection

This form of security helps in tackling large-scale attacks that could possibly disrupt servers. It reduces risk, minimizes the attack surface, possesses massive mitigation capacity, etc.

Encryption

We use strong encryption protocols and procedures to keep data safe during transmission. This includes the login credentials and all the financial information required for the trading process.

Robust Policies

We allow users to create accounts that are somewhat lengthy, contain alphanumerics, and have a certain level of complexity. Even the passwords are stored by executing advanced hashing techniques.

Benefits Associated With eToro Clone App Development

eToro Clone acts as an all-inclusive social trading platform that helps in the buying and selling of assets with absolutely no commission fee. Check out the other perks linked with the app below;

Data Insights

The app fetches insights derived from user behavior, such as trading patterns, and uses them to enhance users' trading experience, eventually leading to well-informed business decisions.

Brand Recognition

Helps businesses attain a strong brand reputation as it has an already existing market base, which is most likely to work in its favor, resulting in solid credibility.

Diverse Financial Assets

Our app provides a spectacular range of financial products, enabling traders to discover various investment options and create a fabulous portfolio.

Global Reach

The app's availability across various regions and its existence in multiple languages help it achieve wide popularity and improve its worldwide reach.

Potential Revenue Streams

A copy trading app like Etoro helps businesses generate massive revenue through different streams. Trading fees, commissions, premium memberships, etc., create huge money-making opportunities.

Copy Trading App Like eToro Development: Sequential Process

Building an eToro clone app is a strenuous task, but with a reliable app development company like Hyperlocal, the entire job becomes easier. Our development team will help you with the project intricacies and create a revenue-generating machine.

Research And Competitor Analysis

Our team of researchers performs in-depth research about the product and subsequently with the competitor analysis. We comprehend the original apps and the clone apps available in the market to have a better understanding of the features.

Create A Roadmap

After analyzing everything, we create a blueprint of the app. It includes everything from the wireframe, layout, integrating attributes, use of tech stacks, etc. The other important aspects encompass deciding milestones, deliverables, timelines, etc.

UI/UX Design

We create an attractive and engaging interface that is user-friendly and intuitive. To make it visually appealing, we add clarity, use mesmerizing and consistent elements, keep the interface simple and easy to navigate, ensure accessibility to all, and add alt images with easy-to-read text.

Development

Now comes the core of app building, which includes backend activities. The features are also integrated at this stage. It includes storing all the data on the server, using the latest programming languages and frameworks, API integration, containerization, cloud services, and much more.

Testing

During this stage, various testing techniques are implemented to remove any abnormalities in the app. A bug-free app improves the platform's responsiveness and performance.

Deploy And Launch

The error-free app is deployed on the dedicated server and then finally launched for public consumption. In case of certain technical issues,

Popular Tech Stacks Used In eToro Clone Development

Programming Languages	Kotlin, Java, Swift, Python
Frameworks	React Native, Django, Ruby On Rails, Laravel
Database	PostgreSQL, MongoDB, MySQL
Hosting	AWS, Apache

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How Much Does It Cost To Build an EToro Clone App?

eToro clone app development costs start from $15k, depending on the level of customization. Check out the factors influencing the cost;

• Latest tech stacks
• Integrated features
• App complexity
• Location of the developers
• UI/UX design
• Size of the development firm
• Development process

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In Nutshell,

Integrated Features	$3000-$4000
UI/UX Design	$3000-$4000
App Complexity	$2000-$3000
Tech Stacks	$2000-$4000
Development Process	$2000-$5000

Why Hire Hyperlocal For Your eToro Clone App Development?

Hyperlocal is a leading app development company offering top-notch services to its clients. Hire our vetted developers and build user-friendly platforms that are absolutely bug-free. The following points give us a competitive edge over our competitors.

• Top-Level Expertise
• Dedicated Team
• Quality Services
• On-Time Product Delivery
• Outstanding Communication Skills
• Free One-Time Consultation
• 24*7 Technical Support

Talk to us today and develop a fully functional and feature-rich eToro clone app.