I am Nitin Garg Founder of BR Softech PVT LTD - an Award-winning mobile game development company. We are armed with 180+ geeks & 2753 clients worldwide, I have driven by the spirit of entrepreneurship and dream to build a billion-dollar-company.
Fantasy sports are one of the fastest-growing sectors in the world. People all around the world flock to these platforms to enjoy thrilling and competitive gameplay. Fantasy sports allow players to walk in a team manager’s shoes by drafting and managing their own team. However, did you know that you can enjoy the fun of fantasy sports while exchanging stocks? Yes, there are fantasy stock trading platforms that allow users to invest in stocks instead of players.
Fantasy stock trading apps work similarly to any fantasy sports platform. The only difference is that instead of making a team of players, you have to make a team of players’ stocks and the winnings are determined by the performance of the selected stocks. Stocks fluctuate according to the player’s performance.
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If you’re curious about fantasy stock market software, you are in the right place. So without further delay, let’s get started.
What is a Fantasy Stock Trading Software?
A fantasy stock trading software allows players to invest in fantasy stocks instead of a sports team. It works quite similarly to a regular fantasy sports platform. The user can draft a team of 10 stocks. These platforms allow users to use their stock market knowledge and trading skills to choose the best team of stocks. The performance of the stock is dependent on the performance of the athlete. If the athlete performs poorly, the stock’s value decreases and vice versa.
After you are ready with your team of stocks, you can enter a league. The performance of your stocks will determine the winner. Basically, the stock trading fantasy platform works just like any other fantasy application. The sole difference is that instead of players, users have to draft a team of 10 different stocks. The users should have in-depth knowledge of sports and finance to win big money in these applications.
How Does a Fantasy Stock Trading Software Work?
The working of a fantasy sports stock trading platform is similar to a fantasy sports software. After installing and registering on the application, just follow this step-by-step guide to play the fantasy stock trading game-
- After registering on the application, the user can select any league or contest to take part in.
- Pay the entry fees of the fantasy trading league and start building your team of stocks according to your preference.
- Check your team before locking in. Please note that you can’t change your roster after locking it in.
- Monitor the performance of the players during the game. Good performance will raise the prices of the stocks and vice versa.
- Buy and Sell stocks as per the performance of the players.
- After the match ends, you can transfer the earnings to your bank account via the various payment methods available
The Popularity of Fantasy Stock Trading Software
Approximately 13 lakh Demat accounts were opened every month since April 2020. The primary reason is, the stock exchange offers high returns if invested wisely. If we are talking about fantasy stock trading software, there are over 14 million users who are using the software to trade and invest in stocks. Moreover, the accessibility these platforms provide is astounding.
Here are some factors that drive the popularity of a fantasy stock trading application.
Fantasy stock trading software provides real-time analytics and also uses AI to provide stock suggestions based on previous performance. If you’re unsure of your selections, you can invest in the suggested players for a less risky statement.
One of the best benefits of a stock trading fantasy platform is that it is accessible 24×7. The users can access the platform and monitor their investments whenever they want. This is one of the main reasons why more and more people are drawn toward stock trading platforms.
With the help of fantasy stock trading software, the admin can easily manage the investors and clients in a systematic manner. The software comes with enhanced admin controls that let it monitor all user and investment activity.
No Geographical Boundary
An online fantasy stock trading platform is not restricted by geographical boundaries. Users from anywhere in the world can access your platform with just a smartphone and internet connectivity. This is also one of the primary reasons why these platforms have such a massive user base.
Features of a Fantasy Stock Trading App Development
The features of a fantasy stock trading app can be divided into two parts- The user Panel and the Admin Panel. Let us go through the features of the application.
|Lobby||The lobby is the home screen of the platform. It features all the matches, leagues, and contests the user can take part in.|
|Real-time Statistics||This feature allows users to see all the sock values and charts. It helps in monitoring daily changes in stocks and also helps users search for the stock of their choosing.|
|Live Leaderboard||The fantasy stock trading platform is integrated with a live leaderboard that shows the performance of the stocks and is updated in real-time.|
|Stock Details||The stock details allow users to see in-depth information about a stock. Stock cards display the daily, monthly, and yearly performance of the stock.|
|Match History||A detailed history of all the matches you’ve taken part in. The users can monitor their wins and losses with the help of this feature.|
|Featured Contests||The fantasy stock market software hosts various contests that users can take part in to earn exciting rewards. These contests will have different entry fees and winning amounts.|
|Secure Payment Gateways||The platform is integrated with secure payment gateways to protect the users’ financial information. Multiple payment methods are also available to allow users to make transactions without any hassle.|
|Refer & Earn||The Refer & Earn feature allows users to invite their friends and family to the platform. Users get additional rewards whenever someone joins the stock trading platform with their invite link.|
Read Also:- Fantasy Sports Game- Everything You Need to Know
|Admin Dashboard||The admin dashboard is like the control interface of the application. The admin can tweak and modify various app elements with the help of the dashboard.|
|App Management||Various app settings like sound, language, notification, and display can be tweaked with this feature.|
|Payment Management||The payment management feature allows you to keep track of all the transactions performed via the application.|
|Match Management||Full control of all the match settings like betting amount and entry fees is in the admin’s hands. They can modify it as they see fit.|
|Referral Management||Users who visit the application through referral links can be monitored by the admin. The reach of the application is significantly improved by the Refer & Earn feature.|
|Ads Management||Fantasy platforms use in-app advertisements to generate revenue. The admin has full control of ad selection and ad placement through this feature.|
These are the most common features of fantasy stock market software. Make sure to incorporate these features in your fantasy trading platform to reach a wider audience and generate maximum revenue.
Best Fantasy Stock Trading Platforms
There are a ton of options when it comes to fantasy stock trading platforms. In this section, we will list the best fantasy stock platforms for users to try their luck in fantasy stock trading.
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Fantasy Stock Market Software Development Cost
The cost of fantasy stock market software development is dependent on various factors. It is difficult to provide an estimated cost without knowing your project requirements. The overall cost is dependent on various factors like cross-platform compatibility, features, the location of the developers, app size, and many more. Different regions have different rates of developers. The approximate cost is listed below-
- India-based Developers: $30-$70 per hour
- UK-based Developers: $100-$150 per hour
- Australia-based Developers: $70-$120 per hour
- USA- based Developers: $150-$250 per hour
As you can see, USA-based Developers are significantly more expensive than India-based Developers. The hike in price is not due to the competency of the developers. This doesn’t mean that Indian developers are not competent enough. The experience of the developers plays a huge part in determining the overall cost.
On average, the cost to develop a single-platform fantasy stock trading app with basic features ranges from $10,000 to $20,000. However, if you want to develop a cross-platform application with all the advanced functionalities, the price can shoot up to $40,000.
Why Choose BR Softech for Fantasy Stock Trading App Development?
BR Softech is a leading fantasy sports app development company that provides reliable and cost-effective Fantasy stock trading app development solutions. The company has skilled and experienced in-house developers who develop reliable products to provide an interactive gaming experience. We provide white-label stock market software that is reliable and will allow you to cater to a large audience. Our developers strive to deliver quality products by taking your requirements into account with a quick turnaround time. We at BR Softech provide-
- Skilled Developers
- 24×7 Customer Support
- White Label Solutions
- Customized App Development
- Quick Turnaround Time
- Cost-effective Solutions
- Cryptocurrency Support
- Reliable and Scalable Solutions
The fantasy stock market software is suitable for professionals who have in-depth knowledge of sports and finance. However, this platform still enjoys a massive user base because it unites fantasy fans and stock market enthusiasts on a single platform. By now, you must be familiar with the popularity of these platforms. Studies suggest that its popularity is only going to increase in the coming years. If you’re looking to invest in fantasy stock trading app development, this might be the best time to do so.
Frequently Asked Questions(FAQs)
Q. Which platform is the best for fantasy sports trading software?
There are multiple platforms for fantasy sports trading software like Android, iOS, Web, Windows, etc. Your best bet would be to develop a cross-platform application so you can reach a larger audience.
Q. For how long can I hold fantasy stock in the application?
Users can hold a specific stock for the duration of the match in which the stock is performing. After the match ends, the stock’s performance will decide your winnings.
Q. What is the cost of developing a Fantasy trading league software?
The development cost is dependent on various factors. On average, a single-platform application with basic functionalities will cost around $10,000 to $20,000. If you want to develop a multi-platform application with basic functionalities, the price can go up to $40,000.
Q. What is the difference between fantasy sports and fantasy sports stock trading?
Fantasy sports platforms allow you to draft a team of athletes and bet on them whereas fantasy stock trading provides users with the ability to bet on the stocks of athletes and win hefty profits
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BR Softech Pvt. Ltd. is a prestigious IT company that specializes in providing cost-effective and tailored tech-enabled solutions for different industries and genres. Established in August 2012, we have over 10+ years of experience in mobile game development. Take your business to the next level with our feature-packed metaverse, casino, mobile game, sports betting and fantasy sports software development services.