A Feature-Packed Stock and Crypto Platform

Location: Dubai, UAE

Industry: Business and Finance

Project Summary

Our client is registered with the Dubai International Financial Centre (“DIFC”) and is regulated by the Dubai Financial Services Authority. It provides a platform to invest in the US Stock Market & get fractional shares. We helped our client develop a platform enabling users to invest in US-listed stocks and cryptocurrencies, with robust security measures and diverse funding options.

Challenges

The client was facing the following challenges: 

  • The client saw massive potential in the Middle East region about investment in stocks and crypto, but there was no reliable, features-packed platform where users could trade in stocks.
  • A robust Know Your Customer (KYC) process needed to be integrated into the platform to ensure security and compliance.
  • The platform needed to provide access to both stocks and cryptocurrencies, offering various investment strategies.
  • Users required a detailed and user-friendly portfolio management system to evaluate their investment performance
  • The platform had to support multiple payment gateways, ensuring ease of funding and withdrawals.
  • To enhance the user experience, the platform planned to offer benefits for prime users and allow users to follow expert traders.

Solutions

Allied Consultants delivered a comprehensive solution to address these challenges:

  • The platform allowed users to sign up seamlessly via the mobile application.
  • Stringent KYC procedures were implemented to ensure compliance and security.
  • Users could invest in various assets, including US-listed stocks and cryptocurrencies, utilizing various investment strategies.
  • The application provides users with a detailed and comprehensive view of their investment portfolio.
  • Users could add specific stocks to their watchlists for tracking.
  • The platform enabled users to follow expert traders and access their insights.
  • Users had access to a comprehensive history of their orders, deposits, and withdrawals.
  • Popular payment gateways were integrated to facilitate smooth funding and withdrawals.
  • Prime users were offered unique benefits to enhance their experience.

Results

  • The applications on both the App Store and Google Play Store have gained significant traction and attracted approximately 1 million users.
  • Middle East users now have a reliable and feature-packed platform to invest in US-listed stocks and cryptocurrencies. And withdraw the amount in their digital wallets or bank accounts.
  • The robust KYC process ensures regulatory compliance and security for all users.
  • Users can employ various investment strategies, enhancing their investment choices.
  • The ability to follow expert traders and access comprehensive portfolio management has led to increased user engagement.
  • Multiple payment gateways simplify funding and withdrawals for users.

Tech Stack

  • React Native
  • NodeJs​
  • React Redux, Redux persist
  • React Navigation
  • Custom module development
  • React reusable, customized Functional Components
  • Web services and socket programming
  • Unit testing
  • Offline storage
  • Checkout, Stripe, Leantech
  • Apple Pay, Google Pay.
  • Kraken, Alpaca, and IEX for stocks and crypto trading.
  • Onfido SDK
  • Iterable, Segment, Adjust, Mixpanel Analytics.
  • MS App Center Deployment
  • App localization, Multi-language​

Keywords

  • US Stock Market
  • Investment Platform
  • Cryptocurrencies
  • Regulatory Compliance
  • Know Your Customer (KYC)
  • Asset Diversity
  • Payment Gateways
  • Prime User Benefits
  • Market Penetration

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