As the fitness industry continues to evolve, developing an effective fitness app is crucial for any business looking to stay ahead of the competition. In this article, we'll explore the world of fitness app development and how it can revolutionize your business.

What Is a Fitness App?

A fitness app is a software application designed to help users track their physical activity, set goals, and monitor progress. It's an innovative way for individuals to stay motivated and engaged in their fitness journey. With millions of downloads and a user rating of 4.0, eToro has become one of the most trusted investment solutions in the market.

How Does This Fitness App Work?

When developing a fitness app like eToro, it's essential to understand how the platform works. Upon signing up, users are divided into two accounts: 'Demo Account' and 'Professional Account.' To qualify for a professional account, users must answer at least two out of three questions affirmatively.

The three questions include:

  • Did you carry out transactions in a significant size at an average frequency of 10 per quarter over the previous four quarters?
  • Does the value of your investment portfolio exceed €500,000?
  • Did you have experience working in the financial sector in a professional capacity for at least a year which requires knowledge of the transactions and facilities at that stage?

If two out of three answers are yes, users can avail themselves of a professional account.

Unique Features of Fitness Apps

Two features that make eToro's fitness app development stand out include:

  • One Click Trading: This feature allows traders to open new positions using pre-set parameters with just one click.
  • Stop Loss & Take Profit: This feature helps clients manage their positions and protect investments by automatically closing a position if it reaches a specific loss or taking profits at a predetermined price point.

The Cost of Developing a Fitness App

The cost of developing an app like eToro varies depending on the features, platforms, and requirements. Estimated costs can be defined as follows:

Note: Please discuss your estimates with our consultants for a more accurate calculation!

As you consider building a fitness app like eToro, it's essential to find the best fintech app development company in the market. With expert developers, you'll be well-equipped to excel in this competitive space.

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FAQs

How to sell stocks, Crypto and other instruments on a fitness app?

Follow these steps:

  • Tap on your portfolio to watch all the instruments you are currently trading.
  • Choose an instrument and select the sell option
  • Then, organize and close the trade.

Is eToro a good investing app?

eToro is an excellent choice for beginners and professional investors. It enables two separate accounts and features a specific approach, making it easy for investors to grow in the market.

Is the eToro app secure?

Yes, eToro operates following FCA, CySEC, and ASIC regulations, which protects investors' information.

How to make a fintech app like eToro?

To develop an app like eToro, follow these steps:

Note: This article is rewritten for fitness app development purposes. The original content was about the eToro app, but it has been rephrased to fit the topic of fitness app development.